北京掌趣科技股份有限公司 2025 年半年度报告 股票简称：掌趣科技 股票代码：300315 2025 年 8 月 北京掌趣科技股份有限公司 2025 年半年度报告全文 2025 年半年度报告 第一节 重要提示、目录和释义 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。 公司负责人刘惠城、主管会计工作负责人卫来及会计机构负责人(会计主 管人员)卫来声明：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。 本报告如有涉及未来计划等前瞻性的相关陈述，属于公司计划性事务，存 在一定的不确定性，不构成对投资者及任何相关人士的承诺，投资者及相关人 士均应当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。 公司在本报告第三节"管理层讨论与分析"之"十、公司面临的风险和应 对措施"，详细描述了公司经营中可能存在的风险及应对措施，敬请投资者关 注相关内容。 公司计划半年度不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 | 重要提示、目录和释义 2 ...

据iFind统计，截至8月19日，沪深两市共有202只个股连续5日或5日以上获融资净买入。连续获融资净 买入天数最多的股票是华曙高科，已连续16个交易日获净买入；连续获融资净买入天数较多的还有凯盛 新材、齐鲁银行、黑牡丹、诺瓦星云、掌趣科技、美好医疗、振华风光、万达电影等股。 （文章来源：证券时报网） ...

Market Overview - The Shanghai Composite Index rose by 0.34% on August 11, with 24 out of the 28 sectors experiencing gains, led by the power equipment and communication sectors, which increased by 2.04% and 1.95% respectively [1] - The media sector saw an increase of 0.73%, while the banking and oil & petrochemical sectors faced declines of 1.01% and 0.41% respectively [1] Capital Flow Analysis - The net inflow of capital in the two markets reached 10.02 billion yuan, with 16 sectors experiencing net inflows [1] - The power equipment sector had the highest net inflow of 4.142 billion yuan, followed by the electronics sector with a net inflow of 3.326 billion yuan and a daily increase of 1.76% [1] Media Sector Performance - In the media sector, there was a net outflow of 1.408 billion yuan, with 130 stocks in total; 94 stocks rose, including 2 hitting the daily limit, while 29 stocks fell, with 1 hitting the lower limit [2] - The top three stocks with the highest net inflow in the media sector were Youzu Interactive (1.96 billion yuan), Kunlun Wanwei (1.20 billion yuan), and Mango Excellent Media (1.11 billion yuan) [2] Media Sector Capital Outflow - The media sector's top three stocks with the highest net outflow were Light Media (-4.12%), ST Huatong (-2.41%), and Zangqu Technology (-1.33%), with net outflows of 431.688 million yuan, 288.249 million yuan, and 202.037 million yuan respectively [4]

Market Overview - The gaming sector increased by 1.35% on August 6, with Baotong Technology leading the gains [1] - The Shanghai Composite Index closed at 3633.99, up 0.45%, while the Shenzhen Component Index closed at 11177.78, up 0.64% [1] Individual Stock Performance - Baotong Technology (300031) closed at 27.17, up 8.99% with a trading volume of 727,800 shares and a turnover of 1.941 billion yuan [1] - Yuchu Technology (300315) closed at 5.87, up 6.73% with a trading volume of 3.888 million shares and a turnover of 2.292 billion yuan [1] - Youzu Network (002174) closed at 15.20, up 6.07% with a trading volume of 756,700 shares and a turnover of 1.113 billion yuan [1] - Other notable performers include Shunwang Technology (300113) up 4.78%, and Jibite (603444) up 3.88% [1] Capital Flow Analysis - The gaming sector saw a net inflow of 424 million yuan from institutional investors, while retail investors experienced a net outflow of 92.5268 million yuan [2] - Major stocks like Zhanqu Technology (300315) and Youzu Network (002174) had significant net inflows from institutional investors, indicating strong interest [3] ETF Performance - The Gaming ETF (159869) tracking the China Animation and Gaming Index increased by 3.12% over the past five days, with a net inflow of 290 million yuan [5] - The Food and Beverage ETF (515170) saw a slight decline of 0.52% but had a net inflow of 10.562 million yuan [5]

Core Insights - The A-share market showed strong fluctuations today, with the software sector performing exceptionally well, particularly the ChiNext Software ETF Huaxia (159256), which saw a 20% limit-up increase for Dongfang Guoxin and significant gains in other stocks like Baotong Technology, Zhangqu Technology, and Guangliwei [1] - The ChiNext Software ETF Huaxia (159256) recorded an intraday increase of over 1.2%, outperforming other software sector products by 0.6 percentage points [1] - The 20% limit-up and limit-down mechanism of the ChiNext Software ETF Huaxia (159256) positions it as the most elastic software-related asset in the market, aligning with the high growth attributes of the software sector, which is expected to continue attracting market attention [1] Industry Developments - The 2025 World Artificial Intelligence Conference (WAIC) showcased significant advancements in the computer and software development industry, highlighting the rapid rise of domestic manufacturers and the introduction of high-performance GPU and server products [1] - The network architecture is undergoing continuous upgrades, demonstrating super-node solutions, while mainstream large models are evolving from traditional LLMs to multimodal applications, accelerating the transition from Chatbot to Agent era with the release of intelligent agent products by some companies [1] - In the terminal application domain, products related to embodied intelligence, intelligent driving, and smart terminals were prominently featured, indicating a thriving AI industry chain driven by technological innovation and accelerated application deployment [1]

Market Overview - The Shanghai Composite Index closed at 3602.13 points, with a gain of 0.53% [1] - The total trading volume of A-shares reached 10185.93 billion yuan [1] Technical Analysis - A total of 29 A-shares experienced a death cross between the 5-day and 10-day moving averages today [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Xiongdi Technology: 5-day MA down by 1.70% from the 10-day MA [1] - Sanwei Xinan: 5-day MA down by 1.11% from the 10-day MA [1] - Jinling Sports: 5-day MA down by 1.10% from the 10-day MA [1] Individual Stock Performance - Xiongdi Technology (300546): Today's change -0.23%, latest price 26.47 yuan, 5-day MA 27.31 yuan, 10-day MA 27.78 yuan [1] - Sanwei Xinan (688489): Today's change -0.80%, latest price 39.85 yuan, 5-day MA 40.62 yuan, 10-day MA 41.08 yuan [1] - Jinling Sports (300651): Today's change +0.89%, latest price 21.48 yuan, 5-day MA 23.82 yuan, 10-day MA 24.09 yuan [1] - Other notable stocks include: - Huanrui Century (000892): Today's change -0.86%, latest price 4.59 yuan [1] - Junshi Biological (688180): Today's change +0.45%, latest price 37.83 yuan [1] - Yihau New Materials (301176): Today's change -1.64%, latest price 30.65 yuan [1] Additional Stock Data - Other stocks with notable performance include: - Guanghe Technology (001389): Today's change -2.81%, latest price 62.20 yuan [1] - Kehua Data (002335): Today's change -2.13%, latest price 41.44 yuan [1] - ST Ruihe (002620): Today's change +0.26%, latest price 3.84 yuan [1] - The performance of these stocks indicates a mixed sentiment in the market, with some stocks showing declines while others remain stable or increase slightly [1][2]

Group 1: Company Overview and Strategy - The company has accumulated a significant cash reserve due to a focused product strategy and stringent project approval standards in previous years [3] - The company maintains a positive but cautious attitude towards future investment and acquisition opportunities, emphasizing the importance of investment returns [3] Group 2: Innovation and Market Adaptation - The company is actively monitoring industry trends and exploring innovative applications while balancing innovation with cost-effectiveness [4] - There is a focus on both conceptual and practical innovations, with ongoing observation and tracking of industry developments [4] Group 3: Revenue and Market Impact - In 2024, the company's overseas revenue accounted for 43.74%, with significant market presence in Europe, the United States, Japan, South Korea, and Southeast Asia [5] - The company's overseas gaming business is classified as "cross-border digital services," which are not subject to current U.S. tariff policies, thus minimizing direct negative impacts from trade tensions [5] Group 4: Investment in Animoca Group - The company invested in Animoca Group in 2015, holding 14,783,714 shares, with Animoca's total shares issued reaching 1,943,673,633 as of March 2025 [6][7] - The investment is accounted for under financial instruments, with recognized fair value losses recorded in other comprehensive income, which cannot be reclassified to profit or loss [7]

Group 1 - The valuation of core companies in the gaming sector is currently between 15-20x, which is significantly lower than that of core companies in the new consumption sector, indicating a positive outlook for the gaming sector [1][3] - On June 24, the gaming sector showed strong performance, with notable stock price increases: Glacier Network up 20%, Electric Soul Network up 10%, and other companies like Changqu Technology and Sheng Tian Network also seeing gains [1][2] - Recent policies from the Beijing Municipal Committee for Propaganda aim to promote high-quality development in the gaming and esports industry, emphasizing the integration of technology such as AI and AIGC into game development and operations [2][3] Group 2 - The policy document supports enterprises in the gaming and esports sector to invest in related fields such as artificial intelligence, game engines, and interactive streaming, encouraging the establishment of key laboratories and core technology breakthroughs [3] - The report from CITIC Securities highlights that gaming is an important yet overlooked aspect of new consumption, characterized by high frequency and cost-effectiveness, and the potential for generating original game IPs [3] - Huaxi Securities' research indicates that the industry is experiencing steady growth, with leading companies leveraging long-term IP operations and technological innovation to enhance user value, while the resilience of the overseas market is becoming a core competitive barrier [3]

Group 1 - The gaming sector is experiencing a significant rally, with stocks such as Dianhun Network (603258) hitting the daily limit, and Bingchuan Network (300533) rising over 15% [1] - Other companies in the sector, including Zhangqu Technology (300315), Shengtian Network (300494), and Giant Network (002558), are also seeing notable increases in their stock prices [1] - There is a noticeable influx of dark pool capital into these stocks, indicating strong investor interest [1]

Group 1 - The A-share gaming sector showed strong performance at the beginning of trading, with Glacier Network rising over 10% and Zhangqu Technology increasing over 5% [1] - Other companies such as Dihun Network, Fuchun Co., Giant Network, Xinghui Entertainment, Shengtian Network, Xunyou Technology, and Youzu Network also experienced gains [1] - According to Gamma Data's recent report, the Chinese gaming market size reached 28.051 billion yuan in May 2025, representing a year-on-year growth of 9.86% and a month-on-month increase of 2.56% [1]