New! The Metaverse white paper was released, and various places seized the spotlight. Policies were released intensively, and these concept stocks experienced high growth.

The Metaverse is currently in the early stages of development and is expected to receive its first upgrade in 2024

"Metaverse White Paper (2023)" released

The China Academy of Information and Communications Technology released the "Yuanverse White Paper (2023)" on November 23. The white paper points out that the current metaverse is still in a very early stage of development, known as the “bulk metaverse” preparation period before 2030. By 2024, the Metaverse will usher in its first upgrade, becoming an important transition period between the terminal suitable for human use in the front-end experience layer (the first phase) and the 3D immersive audio-visual layer (the second phase)

The white paper believes that after going through the element preparation period, the Metaverse will truly enter a period of rapid development and ecological formation from 2030 to 2050; it will reach an ecological maturity period after 2050, and the Metaverse user scale will reach the current mobile Internet penetration rate, and the 3D digital world Seamlessly integrate with the physical world.

On November 22, 2023, the WMDC’s first Metaverse Developer Conference was held in Shanghai. With the theme of "New Era of Space Computing", the conference focuses on breakthroughs in space computing technology and its transformation in applications to the Metaverse

Policies promote the implementation of Yuanverse integration

The concept of the metaverse continues to be popular, and industrial development is booming. According to statistics from Databao, since 2023, more than 30 Metaverse support policies or special plans have been introduced nationwide. Policies in many places mentioned that Metaverse technology will be combined with urban characteristics to develop more virtual scenes, from public services to daily life. Life, digital technology and all walks of life are accelerating the integration.

In September this year, five ministries and commissions jointly issued the "Three-Year Action Plan for the Innovation and Development of Metaverse Industry (2023-2025)", which mentioned that by 2025, Metaverse technology, industry, application, governance, etc. will achieve breakthroughs and become a digital important economic growth pole. This is the first time the national level has promulgated a development policy for the Yuanverse industry, which has benchmark significance.

Before and after this, many provincial governments successively released top-level plans for the Metaverse. Up to now, seven provincial governments in Shanghai, Zhejiang, Henan, Shandong, Sichuan, Chongqing and Jiangsu have released the "Yuanverse Three-Year Action Plan"

Jiangsu Province recently released the "Yuanverse Industry Development Action Plan (2024-2026)", which plans to continue to expand the scale of Jiangsu Yuanverse Industry and achieve the goal of exceeding 100 billion yuan by 2026, with an average annual growth rate of more than 20%

Chongqing City released the "Chongqing Yuanverse Industry Development Action Plan (2023-2025)" on September 24, which plans to achieve the city's Yuanverse-related industry scale reaching 100 billion yuan by 2025, and build a domestically owned An important and influential Yuanverse industrial cluster area and innovative application pilot area

Frontier areas, the Yuanverse is booming

The Metaverse is a virtual world that is linked and created using technological means to map and interact with the real world. It is a digital living space with a new social system. Metaverse has become a key application that integrates core technologies such as artificial intelligence, semiconductors, blockchain, 5G communications, software engines, and the Internet.

A PwC research report predicts that, driven by Web3 and AR/VR technologies, the Metaverse economy will become the next frontier and is expected to contribute as much as US$1.5 trillion to the global economy by 2030. Deloitte Consulting said that virtual reality could have a "transformative impact" on the Asian economy, and that by 2035, the Metaverse's contribution to Asia's GDP could be between US$800 billion and US$1.4 trillion per year.

The latest "China Metaverse Development Report (2022)" points out that the upstream and downstream output value of China's Metaverse industrial chain has exceeded 40 billion yuan, including game entertainment, VR (virtual reality) and AR (augmented reality) hardware, etc. is its main manifestation. It is expected that in the next five years, the domestic Yuanverse market will reach at least 200 billion yuan

Since this year, relevant A-share listed companies have accelerated their “competition” in the Yuanverse and answered investors’ latest business situations on the investor interaction platform.

Ling Yunguang said that the company has used "visual AI" technology to develop four products and solutions including light field modeling, motion capture, XR shooting system, and panoramic shooting system to provide virtual content such as AR/XR/MR. Intelligent production services that integrate virtual and real content, dedicated to the field of cultural metaverse

Feitian Yundong claims to be a leading provider of AR/VR content and services. Through independent research and development of AR/VR engines, it lays out the Yuanverse ecosystem and provides digital upgrades and services for enterprises in entertainment, Internet, e-commerce and other industries. Extended support

Zhewen Internet stated that the company has applied virtual digital people and Yuanverse technology to the company’s digital marketing and innovative business areas. The company has successfully established metaverse platforms such as "Datang Lingjing" and "Yuanverse Auto Park", accelerating its expansion in the fields of automobile metaverse and cultural tourism metaverse

Guomai Culture focuses on content operations and continues to explore new formats and models of digital culture around the five major businesses of digital content, digital intelligence applications, metaverse, physical scenes and digital assets.

These concept stocks have full potential

Databao statistics show that as of the close of trading on November 23, there were 165 A-share Yuanverse concept stocks. Since this year, there are 8 companies whose stock prices have increased by more than 100%. Hongbo shares ranked first with an increase of 399.5%, followed by Chinese Online, Wondershare Technology, Kunlun Wanwei, Guomai Culture, OFILM, China Star Ventures, and Gravity Media. wait.

According to the third quarter report data, there are 8 companies whose net profits in the first three quarters have increased year-on-year and exceeded 1 billion yuan. Among them, China Mobile ranked first with 105.5 billion yuan, followed by companies such as Xinhu Zhongbao, Mango Super Media, Lens Technology, Hisense Video and Century Huatong

As of the close of trading on November 23, according to valuation indicators, a total of 9 stocks had a rolling price-to-earnings ratio of less than 20 times. Among them, Xinhu Zhongbao ranks the lowest with a price-to-earnings ratio of only 9.41 times, followed by New Media Co., Ltd., TD Optics, Hisense Video, China Mobile, USI Electronics, Sanqi Interactive Entertainment, etc.

Judging from the consensus forecasts of 5 or more institutions, there are 16 concept stocks with net profit growth rates expected to exceed 20% from 2023 to the next three years. Among them, the three-year average net profit growth rate is at the forefront. Songcheng Performing Arts, Fengyuzhu, Shensangda A, Qianfang Technology, Baotong Technology, and ArcSoft Technology.

Editor in charge: Lin Lifeng

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