格隆汇2月24日丨汤姆猫(300459.SZ)在投资者互动平台表示，公司在主营业务上未与英伟达开展业务合 作。 ...

格隆汇2月24日丨汤姆猫(300459.SZ)在投资者互动平台表示，公司暂无并购重组计划。 ...

Group 1 - Tom Cat's stock price fell by 2.71% to 5.02 CNY per share, with a trading volume of 772 million CNY and a turnover rate of 4.61%, resulting in a total market capitalization of 17.649 billion CNY [1] - The stock has experienced a continuous decline over three days, with a cumulative drop of 5.99% during this period [1] - Tom Cat, officially known as Zhejiang Jinke Tom Cat Cultural Industry Co., Ltd., was established on June 12, 2007, and went public on May 15, 2015, focusing on the mobile internet cultural industry [1] Group 2 - The largest circulating shareholder of Tom Cat is a fund under GF Fund Management, specifically the GF CSI 1000 ETF, which reduced its holdings by 553,700 shares, now holding 14.8418 million shares, representing 0.45% of the circulating shares [2] - The estimated floating loss for the fund today is approximately 2.0779 million CNY, with a total floating loss of 4.7494 million CNY during the three-day decline [2] - The GF CSI 1000 ETF was established on July 28, 2022, with a current scale of 35.872 billion CNY, and has achieved a year-to-date return of 9.39% [2]

Group 1 - The core viewpoint of the news highlights the ongoing fluctuations in the software sector, particularly within the ChiNext software ETF, which saw a slight decline of 0.09% as of February 11, 2026, while individual stocks like Wangsu Science & Technology and Guangliwei experienced significant gains of 10.60% and 9.04% respectively [1] - The report from Huatai Securities indicates that 2025 is expected to be the "Year of Agents," with 2026 likely marking a period of accelerated implementation of Agent technologies, driven by rapid iterations in Agentic Coding and fierce competition among major companies for personal agent assistants [1] - The rapid iteration of Agentic Coding is anticipated to reshape the software industry, potentially leading to a paradox where the value of standalone software may decline despite a surge in personalized, AI-generated software [1] Group 2 - As of January 30, 2026, the top ten weighted stocks in the ChiNext software index include Tonghuashun, Runze Technology, and Kunlun Wanwei, collectively accounting for 48.61% of the index [2] - The performance of individual stocks within the index shows varied results, with notable declines in stocks like Kunlun Wanwei at -4.13% and Tonghuashun at -1.26%, while others like Shenshuo Technology and Zhongke Chuangda showed positive movements [3]

浙江京衡律师事务所 关于浙江金科汤姆猫文化产业股份有限公司 2026 年第一次临时股东会的 法律意见书 中国·杭州·杭大路黄龙世纪广场 C 区二层 2F.C Area Of Huanglong Century Plaza.Hangda Road .Hangzhou.China 电话（Tel）：(0571)28006970 传真（Fax）：(0571)87901646 浙江京衡律师事务所 法律意见书 法律意见书 致：浙江金科汤姆猫文化产业股份有限公司 浙江京衡律师事务所（以下简称"本所"）接受浙江金科汤姆猫文化产业股 份有限公司（以下简称"公司"）的委托，根据《中华人民共和国公司法》（以 下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、 中国证券监督管理委员会（以下简称"中国证监会"）《上市公司股东会规则》 （以下简称"《股东会规则》"）等法律、行政法规、规范性文件及现行有效的 《浙江金科汤姆猫文化产业股份有限公司章程》（以下简称"《公司章程》"） 的规定，指派律师出席公司于 2026 年 2 月 10 日召开的 2026 年第一次临时股东 会（以下简称"本次股东会"），并就本次股东 ...

2、本次股东会不涉及变更以往股东会已通过的决议的情形。 证券代码：300459 证券简称：汤姆猫 公告编号：2026-007 浙江金科汤姆猫文化产业股份有限公司 2026 年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会未出现否决议案的情况； 的股东及股东代表 2,440 人，代表公司 55,758,262 股股份，占公司有表决权股份 总数的 1.5859%。 本次股东会由公司董事会召集，公司董事长朱志刚先生担任会议主持人。公 司董事、董事会秘书出席了本次会议；公司高级管理人员列席了本次会议。浙江 京衡律师事务所委派张少锋律师、厉子彦律师见证了本次会议并出具了法律意见 书。本次会议的召集、召开与表决程序符合法律、行政法规、部门规章、规范性 文件和《公司章程》的规定。 二、议案审议和表决情况 本次股东会以现场记名投票表决与网络投票表决相结合的方式，审议通过了 以下议案并形成本决议： （一）审议通过了《关于与浙江时代金泰环保科技有限公司及其全资子公 司延续互保关系的议案》 表决结果：同意 351,002,068 ...

Group 1: Innovation in Medical Technology - Innovation Medical (002173) has established itself in the medical service sector, focusing on brain-computer interface (BCI) technology for clinical applications, particularly in neuro-rehabilitation and cardiovascular treatment [1][20] - The company's BCI-4000 product is in Phase III clinical trials, utilizing invasive electrodes to collect brain signals for device control, aiding rehabilitation for high-level paraplegics [1][20] - With the implementation of insurance reimbursement policies for BCI, the clinical transition process is expected to accelerate, potentially leading to significant growth in the neuro-rehabilitation business [1][20] Group 2: Digital Entertainment and AI Integration - Talking Tom (300459) leverages its popular IPs in digital entertainment and is actively exploring the integration of AI with brain-computer interfaces to create immersive interactive experiences [2][21] - The core business includes IP operation, mobile app development, and digital content creation, focusing on leisure and children's education [2][21] - The company aims to develop brain-controlled games and immersive entertainment applications, enhancing user engagement and monetization capabilities [2][21] Group 3: Precision Components in Medical Devices - Meihua Medical (301363) specializes in manufacturing precision medical components, providing essential support to global medical device companies, and has recently entered the brain-computer interface supply chain [3][22] - The company produces components for cardiovascular and neuro-interventional devices, including precision structural parts for BCI equipment [3][22] - As demand for BCI devices increases, the company anticipates a steady growth in orders for precision components, enhancing collaboration with BCI firms [3][22] Group 4: AI and Brain-Computer Interface Algorithms - Yanshan Technology (002195) focuses on brain-like intelligence and AI, with a strong emphasis on developing neural signal decoding algorithms for brain-computer interfaces [4][23] - The company aims to optimize brain signal decoding efficiency through AI algorithms, enhancing the precision control capabilities of BCI devices [4][23] - As the demand for algorithm precision in BCI increases, the company expects growth in algorithm licensing and system integration services [4][23] Group 5: Network Solutions for Brain-Computer Interfaces - StarNet Ruijie (002396) is a leading provider of network equipment and solutions, exploring network support solutions for brain-computer interface applications [5][25] - The company offers high-speed data transmission and processing solutions for BCI devices, facilitating real-time brain signal transmission and cloud analysis [5][25] - With the rising demand for data transmission efficiency in BCI, the company anticipates continued growth in high-speed network equipment demand [5][25] Group 6: Pain Management and Neuroregulation - Aipeng Medical (300753) specializes in pain management and neuroregulation, exploring the application of brain-computer interfaces in postoperative pain relief and neuro-rehabilitation [6][26] - The company focuses on developing devices for pain management and neuroregulation, aiming to enhance treatment efficiency through brain-computer technology [6][26] - As the demand for neuro-rehabilitation grows, the application of BCI in medical settings is expected to accelerate [6][26] Group 7: Security and Identity Verification - Entropy Technology (301330) leverages biometric recognition and identity verification technologies, applying brain-computer interfaces in security and identity authentication [7][27] - The company provides solutions for financial, governmental, and transportation sectors, focusing on the development of BCI applications for secure interactions [7][27] - As the demand for precision and security in identity verification increases, the potential for BCI applications in security will gradually be realized [7][27] Group 8: Smart Control Components and IoT Solutions - Yingqu Technology (002925) specializes in smart control components and IoT solutions, providing essential support for brain-computer interface devices [8][28] - The company serves consumer electronics and smart home sectors, offering smart control components that facilitate intelligent interaction and data collection for BCI devices [8][28] - With the rising demand for intelligent BCI devices, the company expects a continuous increase in orders for smart control components [8][28] Group 9: Precious Metal Materials for BCI Electrodes - Guiyan Platinum (600459) focuses on the research and production of precious metal materials, providing critical materials for brain-computer interface electrodes [9][29] - The company supplies platinum-based alloy materials that enhance the biocompatibility and signal stability of BCI electrodes [9][29] - As the demand for mass production of BCI electrodes increases, the company anticipates a steady growth in orders for precious metal materials [9][29] Group 10: Automotive Applications of Brain-Computer Interfaces - Yachuang Electronics (301099) is exploring the application of brain-computer interfaces in smart driving, focusing on automotive-grade chips and power semiconductors [10][30] - The company aims to implement brain control technology for vehicle operation, opening new possibilities in automotive intelligence [10][30] - As the demand for human-machine interaction in smart driving increases, the potential for BCI applications in the automotive sector will gradually be realized [10][30] Group 11: Industrial Applications of Brain-Computer Interfaces - Zhongke Information (300678) focuses on intelligent monitoring and industrial detection, applying brain-computer interfaces in industrial settings [11][31] - The company aims to utilize brain signals for equipment status monitoring and fault prediction, enhancing industrial efficiency [11][31] - As the demand for monitoring precision in industrial automation increases, the application of BCI in industrial settings is expected to accelerate [11][31] Group 12: Third-Party Testing for BCI Compliance - Puni Testing (300887) is a leading third-party testing organization, providing compliance testing services for brain-computer interface devices [12][32] - The company offers testing for biocompatibility and electromagnetic compatibility, ensuring the safety and compliance of BCI products [12][32] - As the BCI industry matures, the demand for compliance testing services is expected to grow, supporting the healthy development of the industry [12][32] Group 13: Flexible Materials for BCI Devices - Pulit (002324) specializes in the research and production of polymer materials, providing essential flexible packaging materials for brain-computer interface devices [13][33] - The company enhances the durability and biocompatibility of BCI devices through its flexible packaging solutions [13][33] - As the demand for flexible materials in BCI devices increases, the company anticipates a steady growth in orders for packaging materials [13][33] Group 14: Intelligent Equipment and Robotics - Tianqi Co., Ltd. (002009) focuses on intelligent equipment manufacturing and industrial automation, exploring the application of brain-computer interfaces in industrial robotics [14][34] - The company aims to implement brain control technology for precise robotic operation, enhancing manufacturing efficiency [14][34] - As the demand for precision in industrial automation increases, the application of BCI in robotics is expected to accelerate [14][34] Group 15: Medical Rehabilitation and Training - Chengyitong (300430) specializes in pharmaceutical intelligent manufacturing and rehabilitation equipment, exploring the application of brain-computer interfaces in rehabilitation training [15][35] - The company focuses on optimizing rehabilitation plans through brain control technology, enhancing training efficiency [15][35] - As the demand for neuro-rehabilitation grows, the application of BCI in medical settings is expected to accelerate [15][35] Group 16: Military Communication and Navigation - Haige Communication (002465) is a core enterprise in military communication and navigation, providing specialized support for brain-computer interfaces [16][36] - The company offers military communication and data transmission solutions for BCI devices, enhancing interaction in specialized scenarios [16][36] - As the demand for BCI in military applications increases, the need for communication equipment is expected to grow [16][36] Group 17: Smart Terminals and Information Systems - Nanjing Panda (600775) leverages electronic manufacturing and communication technology, exploring the application of brain-computer interfaces in smart terminals [17][37] - The company aims to implement brain control technology for device operation, opening new possibilities in consumer electronics [17][37] - As the demand for interactive methods in smart terminals increases, the potential for BCI applications in consumer electronics will gradually be realized [17][37] Group 18: Biocompatible Coatings for BCI Devices - Taihe Technology (300801) specializes in fine chemicals and water treatment materials, providing essential biocompatible coating materials for brain-computer interface devices [18][38] - The company enhances the safety and durability of BCI devices through its biocompatible coatings [18][38] - As the demand for biocompatibility in BCI devices increases, the company anticipates a steady growth in orders for coating materials [18][38] Group 19: Cardiovascular and Neurointerventional Applications - Lepu Medical (300003) focuses on cardiovascular and neurointerventional fields, exploring the application of brain-computer interfaces in cardiac rehabilitation and neuroregulation [19][39] - The company aims to optimize treatment plans through brain control technology, enhancing rehabilitation efficiency [19][39] - As the demand for cardiovascular and neuro-rehabilitation grows, the application of BCI in medical settings is expected to accelerate [19][39] Group 20: Intelligent Nursing and Patient Monitoring - Yahua Electronics (301337) specializes in medical information systems and intelligent nursing devices, exploring the application of brain-computer interfaces in patient monitoring [20][40] - The company aims to utilize brain signals for real-time patient status monitoring, enhancing medical service efficiency [20][40] - As the demand for precise monitoring in medical services increases, the application of BCI in healthcare settings is expected to accelerate [20][40]

Core Viewpoint - On February 6, Tom Cat conducted a block trade of 400,000 shares, with a transaction value of 2.38 million yuan, representing 0.4% of the total trading volume for the day, at a price of 5.95 yuan, which is a premium of 21.18% over the market closing price of 4.91 yuan [1][2]. Summary by Category Transaction Details - The block trade occurred on February 6, 2026, with the stock code 300459 for Tom Cat [2]. - The transaction price was 5.95 yuan per share, with a total volume of 400,000 shares and a total transaction amount of 2.38 million yuan [2]. - Both the buying and selling brokerage was Wanhe Securities Co., Ltd., located at Xiamen Qixing West Road [2].

Group 1 - The company Tom Cat announced that its controlling shareholder and actual controller, Mr. Zhu Zhigang, has had part of his shares judicially frozen [2] - The number of shares frozen amounts to 5,520,000 shares [2]

Core Viewpoint - The company, known for its "Talking Tom" IP, is fundamentally a mobile advertising firm that generates revenue through in-game ads from its casual mobile games. However, it has faced significant financial losses, with projected losses of 11 to 14 billion yuan for 2025, following losses exceeding 8 billion yuan in both 2023 and 2024. The core advertising business is under pressure from industry-wide downturns [1][11][30]. Financial Performance - The company reported net losses of 8.65 billion yuan in 2023 and 8.59 billion yuan in 2024. For 2025, it anticipates a further increase in losses to between 11 billion and 14 billion yuan, with a projected non-GAAP net loss of 10.7 billion to 13.7 billion yuan [11][30][31]. - The expected significant losses for 2025 are attributed to an anticipated asset impairment provision of approximately 10.2 billion to 13.2 billion yuan, primarily related to goodwill from acquisitions and long-term equity investments [30][31]. Revenue Sources - The company's revenue heavily relies on its "Talking Tom" family IP, primarily through in-app advertising. The main revenue engine is the monetization of in-game ads, which includes various ad formats such as rewarded videos, interstitial ads, and banner ads [15][32]. - In the first half of 2025, the company generated 3.35 billion yuan from advertising, accounting for 72.41% of total revenue. New business services contributed 0.52 billion yuan (11.19%), game publishing brought in 0.5 billion yuan (10.7%), and licensing generated 0.11 billion yuan (2.34%) [17][35]. R&D Investment - Despite covering over thirty cutting-edge technology concepts, the company's annual R&D expenditure is less than 200 million yuan. From 2021 to 2024, R&D spending was 119 million yuan, 183 million yuan, 224 million yuan, and 193 million yuan, respectively. In the first three quarters of 2025, R&D spending was only 127 million yuan [7][24][28]. Technology Concepts - The company has aligned itself with various technology trends, including blockchain, metaverse, and AI applications like ChatGPT. It has made announcements regarding the integration of these technologies into its products, which have led to significant stock price fluctuations [2][10][20][27].