无锡宝通科技股份有限公司 2025 年半年度报告 无锡宝通科技股份有限公司 2025 年半年度报告全文 1 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人包志方、主管会计工作负责人周庆及会计机构负责人（会计 主管人员）王慧声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本次 2025 年半年度报告中涉及经营战略、未来计划等前瞻性陈述，该等 陈述不构成公司对投资者的实质承诺，投资者及相关人士应对此保持足够的 风险认识，并应当理解计划、预测与承诺之间的差异。敬请广大投资者注意 投资风险。 【披露时间】 无锡宝通科技股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司需遵守《深圳证券交易所上市公司自律监管指引第 4 号——创业板 行业信息披露》中的"互联网游戏业务"的披露要求： 公司不存在对生产经营状况、财务状况和持续盈利能力有严重不利影响 的有关风险因素。关于公司经营中可能面临的风险因素，详见本报告第三节 管理层讨论与 ...

宝通科技公告，2025年上半年营业收入16.07亿元，同比下降6.32%。净利润1.4亿元，同比下降 26.73%。公司计划不派发现金红利，不送红股，不以公积金转增股本。 ...

Group 1 - The National Press and Publication Administration announced the approval of 166 domestic games and 7 imported games in August 2025, marking a new monthly high for domestic game approvals this year [1] - Among the 166 domestic games, 107 are mobile games, 39 are mobile casual puzzle games, 17 are mobile and client games, 1 is a console game (PS5), and 2 are client games [1] - Major companies like NetEase and Bilibili have successfully obtained approvals for their games, indicating strong performance among leading firms in the industry [1] Group 2 - Several A-share game companies reported positive impacts from the issuance of game approvals, with Baotong Technology highlighting the role of approvals in the recovery of the domestic game industry [2] - Tom Cat mentioned that the game industry is experiencing a dual drive of policy support and technological innovation, with 757 domestic and 55 imported game approvals issued in the first half of 2025, reflecting an 18% year-on-year increase [2] - The domestic game market achieved a sales revenue of 168 billion yuan in the first half of 2025, a 14.08% year-on-year growth, with the user base reaching nearly 679 million, marking a historical high [2]

Core Viewpoint - The approval of 166 domestic games and 7 imported games in August 2025 indicates a significant recovery and growth potential in the gaming industry, driven by policy support and an increase in game licenses issued [1][2][3]. Domestic Game Approval - A total of 166 domestic games received approval in August 2025, marking a new high for monthly approvals in recent years [3]. - Among the approved domestic games, 107 are mobile games, 39 are mobile casual puzzle games, 17 are both mobile and client games, 1 is a console game (PS5), and 2 are client games [2]. - Major companies like NetEase and Bilibili have notable titles approved, such as NetEase's "Tianxia: Wanxiang" and Bilibili's "Escape from Duckkov" [2]. Imported Game Approval - In August, 7 imported games received approval, including titles from major players like Bilibili and Tencent [2]. - The presence of established companies in both domestic and imported game approvals suggests a strong competitive landscape [2]. Industry Growth and Support - As of August 2025, a total of 1,119 games have received approval this year, with 1,050 being domestic and 69 imported, showing a significant year-on-year growth [3]. - Companies like Baotong Technology and Tom Cat have highlighted the positive impact of license issuance on the recovery of the domestic gaming industry, contributing to an improved overall industry ecosystem [3]. - Tom Cat also noted that various regions, including Beijing, Shanghai, and Guangdong, have introduced supportive policies for the gaming industry, fostering innovation and development [4].

出品：新浪财经上市公司研究院 作者：君 2024年，证监会接连公布《上市公司董事、监事和高级管理人员所持本公司股份及其变动管理规则》《上市公司股东减持股份管理暂行办法》等， 进一步规范上市公司股东减持股份行为，保护投资者的合法权益，维护证券市场秩序。 同时，证监会公布《上市公司监管指引第10号——市值管理》，鼓励控股股东、实际控制人长期持有上市公司股份，保持上市公司控制权的相对稳 定。控股股东、实际控制人可以通过依法依规实施股份增持计划、自愿延长股份锁定期、自愿终止减持计划或者承诺不减持股份等方式，提振市场 信心。 以A股游戏行业为例，据Wind数据统计，2024年至今，共7家上市公司披露了控股股东、实际控制人、董事、监事及高级管理人员的减持计划，减 持原因均为个人资金需求。 神州泰岳副董事长李力累计减持套现4.5亿元 截至目前，电魂网络、名臣健康、盛天网络、神州泰岳及富春股份相关股东减持计划实施完毕，具体情况如下： | 公司名称 股东名称 | | 股东身份 | 减持期间 | 咸持数量(万股)减持金额(万元) | | | --- | --- | --- | --- | --- | --- | | 名臣健康 | ...

证券之星消息，8月12日游戏板块较上一交易日上涨0.27%，神州泰岳领涨。当日上证指数报收于3665.92，上涨0.5%。深证成指报收于11351.63， 上涨0.53%。游戏板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300002 | 神小泰岳 | 14.01 | 5.90% | 226.58万 | | 31.59亿 | | 600892 | *ST大晟 | 3.16 | 4.64% | 28.48万 | | 8916.83万 | | 300113 | 顺网科技 | 22.05 | 4.60% | 52.04万 | | 11.41亿 | | 300418 | 昆仑万维 | 36.30 | 3.74% | 101.92万 | | 36.96亿 | | 300459 | 汤姆猫 | 5.72 | 1.42% | 249.83万 | | 14.31亿 | | 600633 | 浙数文化 | 14.23 | 1.14% | 37.30万 | | 5.28亿 | ...

Investment Rating - The report maintains a "Recommended" investment rating for the humanoid robot industry [7]. Core Insights - The humanoid robot concept index increased by 5.68% from August 3 to August 8, 2025, outperforming the CSI 300 index by 4.45 percentage points. Year-to-date, the humanoid robot index has risen by 54.37%, exceeding the CSI 300 index's performance by 46.92 percentage points [12][15]. - Notable stock performance includes Huami New Materials with a weekly increase of 33.97%, while Huapei Power saw a decline of 14.86% [15]. Weekly Market Review - The humanoid robot concept index outperformed the CSI 300 index during the week, with significant gains noted [12]. - The report highlights the performance of individual stocks within the humanoid robot sector, indicating a strong market trend [15]. Weekly Hotspot Review Policy Developments - Shanghai's implementation plan for the embodied intelligence industry aims for a core industry scale exceeding 50 billion yuan by 2027 [19]. - A joint initiative by seven departments promotes the development of high-precision surgical robots for brain-machine interfaces [19]. Product and Technology Iteration - Fourier officially launched the full-size humanoid Care-bot GR-3, emphasizing interactive companionship and tactile features [20]. - The "Ling Shu" humanoid robot was unveiled in Hefei, designed for high generalization across various industrial applications [20]. - The third-generation PX-6AX-GEN3 tactile sensor was announced by Pacini, enhancing embodied intelligence capabilities [21]. Investment and Financing - Beijing-based startup Lingxin Qiaoshou completed a multi-hundred million yuan angel round financing led by Ant Group [23]. - Bridge Control Systems secured nearly 100 million yuan in angel and Pre-A round financing [23]. - Pacini announced a new round of Series A financing, led by JD.com [23]. Key Company Announcements - Baotong Technology partnered with Yushu Technology to apply robots in industrial settings, securing a deal with BHP, the world's largest mining group [24]. - Efort won a land bid for a robot super factory in Wuhu for 34.14 million yuan [26]. - Chuangyao Technology has begun supplying multiple humanoid robot manufacturers [26]. - Haon Automotive has entered the robot sector, collaborating with Shanghai Zhiyuan on product development [26].

Group 1 - On August 7, a total of 16 companies were investigated by institutions, with 12 companies being surveyed by funds, indicating strong interest in specific firms like Tapa Group, Shunbo Alloy, and Baotong Technology [1] - Tapa Group received the most attention, with 19 funds participating in its survey, while Shunbo Alloy and Baotong Technology were surveyed by 10 and 9 funds respectively [1] - Among the surveyed companies, 7 are from the Shenzhen Main Board, 4 from the ChiNext Board, and 1 from the Sci-Tech Innovation Board [1] Group 2 - The total market capitalization of the surveyed companies includes 1 company with a market cap over 500 billion, and 1 company exceeding 1 trillion, while 5 companies have a market cap below 100 billion [1] - In terms of market performance, 10 out of the surveyed stocks increased in value over the past 5 days, with Baotong Technology, Jereh Holdings, and Zhongke Information showing the highest gains of 19.74%, 13.79%, and 13.13% respectively [1] - Conversely, 2 stocks experienced declines, with Yabao Chemical and Zhongyou Capital falling by 7.95% and 3.35% respectively [1] Group 3 - Among the surveyed companies, 3 have released their semi-annual reports, with Shunbo Alloy and Tapa Group showing the highest net profit growth rates of 110.56% and 92.47% respectively [2] - Additionally, 3 companies have announced their performance forecasts, with the highest expected net profit growth being 160.00% for Sitwei, projecting a median net profit of 390 million [2] - A detailed list of surveyed companies includes Tapa Group, Shunbo Alloy, and Baotong Technology, with their respective fund participation and recent stock performance [2]

证券之星消息，2025年8月7日宝通科技（300031）发布公告称公司于2025年8月7日接受机构调研，东北证券、 上海通晟资产管理、海富通基金、诺安基金、红土创新基金、青骊投资管理、上海诚熠私募、金友创智私募、 北京国际信托、中信期货、恒泰证券、易方达基金、鹏华基金、兴华基金、中庚基金、泰信基金、正圆私募基 金、泰康资产管理参与。 具体内容如下： 风险提示： 本次调研涉及公司未来发展展望、预计及目标等均不构成本公司的实质承诺，投资者及相关人士均应对此保持 足够的风险认识提醒广大投资者，注意投资风险。投资者关注的主要问题及回复如下：问：最近机器人业务有 何进展？ 答：我们与宇树科技一直在进行相关技术沟通，针对很多景进行了改装与调试，经过二次开发和调试成功后， 我们取得了比较重要的突破性进展。近期公司的海外大客户-全球第一大矿业集团必和必拓(BHP)达成合作，其 已订购我们二次开发的四足及二足机器人，此采购订单具有重大的意义，证明我们的机器人在工业场景成功应 用，之后我们会继续深化与该客户及其他类似客户的深度合作及推广落地。相关事项在持续推进中并具有一定 的不确定性，请投资者注意投资风险。 问：与必和必拓签订的 ...

Summary of Conference Call Records Company and Industry Involved - **Company**: 华东科技 (East China Technology) - **Industry**: Industrial Robotics, Mining Technology Key Points and Arguments 1. **Successful Application of Robots**: 华东科技's quadruped and biped robots have been successfully deployed in the world's largest copper mine in Chile, integrating panoramic cameras, infrared imaging, and various sensors for remote inspections, significantly reducing safety risks associated with manual inspections and providing data support for maintenance [2][5][6]. 2. **Advantages in Industrial Robotics**: 华东科技 has three main advantages in the industrial robotics sector: a wide range of customer scenarios including top mining companies like Rio Tinto and BHP, provision of integrated intelligent solutions (inspection, cleaning, monitoring), and strong R&D capabilities in scene recognition and navigation [2][6]. 3. **Future Development Plans**: The company plans to continue focusing on major clients for large-scale implementation and adapt its solutions for other large mining companies in Chile, aiming to establish a comprehensive industry solution as part of its industrial intelligence strategy [7]. 4. **High Labor Costs in Mining**: The high labor costs in overseas mining operations, averaging between $150,000 to $200,000 per year, present a significant opportunity for automation and robot deployment [8][9]. 5. **Market Potential**: 华东科技 serves over 1,600 clients, indicating a vast existing market space, particularly in domestic open-pit mines, ports, and mining scenarios where demand for robots is substantial [8][9]. 6. **Establishment of 泰力斯电力传动科技有限公司**: The establishment of Wuxi Tailis Electric Drive Technology Co., Ltd. aims to focus on micro-motor business to enhance the performance of robots and drones in industrial applications, with a top-tier R&D team introduced to accelerate product development and collaboration [10]. 7. **宝丰科技's Accumulation in Industrial Control**: 宝丰科技 has extensive experience in industrial intelligent control and downstream applications, focusing on core control and micro-motor technologies to enhance robot performance in harsh mining environments [11]. Other Important but Possibly Overlooked Content - The collaboration with BHP is seen as a recognition of 华东科技's technological capabilities and is expected to provide valuable experience for future scaling [7]. - The integration of various sensors in the robots allows for real-time monitoring of environmental parameters and operational conditions, which is crucial for maintenance planning [5].