The AI interactive film-game industry chain is anchored by large models and AIGC generation tools as its foundational base. Its upstream encompasses basic large models, multimodal generation, digital humans, voice and motion capture technology suppliers, as well as IP copyright holders;

The midstream is the content production and distribution segment, which leverages AI to achieve automatic script branch generation, real-time image rendering, character dialogue interaction, and intelligent branch logic production, covering production manufacturers, AI production platforms, and planning and development teams;

The downstream targets distribution channels such as short video platforms, standalone APPs, VR terminals, and mini-programs, reaching C-end players, while also spawning commercialization models such as advertising placement, paid plot unlocking, and IP derivatives.

The core change across the entire chain is that AI dramatically reduces the production cost of interactive branch content and strengthens real-time free interaction capabilities, setting it apart from traditional fixed-branch interactive film and television.

AI Interactive Film-Game Industry Chain: Corporate Growth Capability and Profitability

Corporate growth capability refers to the ability to continuously grow asset scale and market share, while profitability is an in-depth analysis of the company's profit margins.

Based on business relevance, this article selects a total of 10 AI interactive film-game industry chain companies as research samples;

and uses revenue compound growth, non-recurring net profit compound growth, and operating net cash flow compound growth as growth capability evaluation indicators; return on equity, gross margin, and net margin as profitability evaluation indicators.

No. 10 H&R Century

Industry Segment: Matrix Implementation Benchmark

Growth Capability: Revenue compound growth 36.84%, non-recurring net profit compound growth, operating net cash flow compound growth

Profitability: Return on equity -33.48%, gross margin 39.11%, net margin -49.43%

Company Highlights: Leveraging its own IP, film and television, and artist resources, the company uses Fenglin Studio as a carrier to deploy interactive film-games, applies AIGC to content production to reduce costs and improve efficiency, and has main-invested, produced, and distributed multiple live-action interactive film-game products.

No. 9 Sheng Tian Network

Industry Segment: Game Publishing + Self-Development

Growth Capability: Revenue compound growth 5.42%, non-recurring net profit compound growth 102.98%, operating net cash flow compound growth 161.44%

Profitability: Return on equity 1.57%, gross margin 21.40%, net margin 1.88%

Company Highlights: Leveraging its self-developed VRACE multimodal AI platform, the company has text, voice, and art generation capabilities, and uses this to deploy AI interactive narrative and interactive film-game content R&D and production.

No. 8 Electronic Soul Network

Industry Segment: AI-Driven Interactive Narrative

Growth Capability: Revenue compound growth -30.08%, non-recurring net profit compound growth, operating net cash flow compound growth

Profitability: Return on equity -10.27%, gross margin 60.30%, net margin -56.57%

Company Highlights: Leveraging its own game IP and AIGC technology accumulation, the company explores interactive film-television content such as AI interactive film-games and AI comic dramas, which belongs to its AI+IP content innovation direction.

No. 7 Bainaqiancheng

Industry Segment: Benchmark Live-Action Projects

Growth Capability: Revenue compound growth -58.38%, non-recurring net profit compound growth, operating net cash flow compound growth

Profitability: Return on equity -42.53%, gross margin 27.28%, net margin -381.75%

Company Highlights: The company deploys in the live-action interactive film-game track, while using AI technology to empower the script and production stages of interactive film-games and other content, expanding multi-form IP monetization.

No. 6 Baotong Technology

Industry Segment: Engine Tool Leader

Growth Capability: Revenue compound growth 4.73%, non-recurring net profit compound growth -42.48%, operating net cash flow compound growth -13.06%

Profitability: Return on equity 5.27%, gross margin 37.77%, net margin 6.26%

Company Highlights: Leveraging its self-developed AI narrative engine and AIGC content platform, the company deploys in the AI interactive film-game track, with its subsidiaries Hedi Technology and Yihuan Network collaborating on product reserves and global distribution.

No. 5 Mango Super Media

Industry Segment: IP + Platform Synergy

Growth Capability: Revenue compound growth -1.89%, non-recurring net profit compound growth -29.93%, operating net cash flow compound growth 4799.83%

Profitability: Return on equity 5.36%, gross margin 23.09%, net margin 8.85%

Company Highlights: Leveraging its self-developed Mango Lingchuang AIGC platform, the company develops AI interactive film-games based on its own variety show and drama IP, promoting the audience's transition from passive viewing to plot co-creation, and expanding IP value and new content monetization paths.

No. 4 Decai Shares

Industry Segment: AI-Native Agent

Growth Capability: Revenue compound growth -15.16%, non-recurring net profit compound growth 114.29%, operating net cash flow compound growth -54.08%

Profitability: Return on equity 4.64%, gross margin 16.43%, net margin 2.06%

Company Highlights: Through its controlled subsidiary Qixiang Wuxian, the company self-develops an interactive film-game Agent and deploys in the AI interactive film-game track, which can empower interactive content creation and has launched AI-native interactive film-game products.

No. 3 Huace Film & TV

Industry Segment: Leading Film and Television Entrant

Growth Capability: Revenue compound growth 45.87%, non-recurring net profit compound growth -87.64%, operating net cash flow compound growth 208.41%

Profitability: Return on equity 2.65%, gross margin 23.40%, net margin 8.40%

Company Highlights: Leveraging its self-developed AIGC system, film and television IP, and industrialized production capabilities, the company jointly develops live-action AI interactive film-games with interactive teams, deploying in the interactive new content track with a 'content + technology' approach and expanding IP monetization channels.

No. 2 Shanghai Film

Industry Segment: IP + Collaborative Implementation

Growth Capability: Revenue compound growth 33.02%, non-recurring net profit compound growth 359.19%, operating net cash flow compound growth 687.86%

Profitability: Return on equity 6.76%, gross margin 33.49%, net margin 16.26%

Company Highlights: Leveraging its own film and television IP, the company partners with Huying Technology, uses AI to empower content production, creates a series of interactive film-games, and explores a new track integrating film-television narrative with interactive games and immersive entertainment.

No. 1 Kaiying Network

Industry Segment: AI Creation Platform

Growth Capability: Revenue compound growth 4.04%, non-recurring net profit compound growth 15.21%, operating net cash flow compound growth 29.01%

Profitability: Return on equity 23.13%, gross margin 80.84%, net margin 35.72%

Company Highlights: Through its SOON AI development platform under Jiyi, the company links with Bigo Group's film and television IP resources, and uses AIGC technology to empower the content production and implementation exploration of AI interactive film-games.

*Data is based on historical performance and does not represent future trends; it is for static analysis only and does not constitute investment advice.