迷暖心互动。记者 岳依桐 摄 互动环节，陈奕迅不仅与歌迷分享了巡演背后的故事，还大方分享如何让歌声更有"在耳边叙事感"的技 巧。热情洋溢的成都歌迷还邀请陈奕迅学习四川话。在全场歌迷教学下，陈奕迅笑着用四川话喊出"扎 起""雄起"，气氛热烈。 当晚一位"特殊"的影迷也走进分享会现场——"00后"视障人士魏和，他也是B站的一位UP主(昵称夏果 夏果)。平日里，他将摄像头作为另外一双眼睛，在互联网上分享自己的日常生活，收获广泛关注。 面对魏和的提问，陈奕迅与他分享了自己第一把吉他的故事，还清唱歌曲片段，希望以歌声鼓励魏和继 续寻找生活的闪光点。两人的温馨互动引发阵阵掌声。 中新网四川新闻8月22日电 (记者 岳依桐)陈奕迅巡演纪录片分享会21日晚在四川省成都市举行。陈奕迅 不仅现场分享幕后故事，还与歌迷暖心互动。 近日，哔哩哔哩(以下简称"B站")与歌手陈奕迅达成独家深度合作，宣布将独家上线陈奕迅巡演纪录片 《FEAR and DREAMS: NOW is the only reality》及《FEAR and DREAMS演唱会》全程回顾。纪录片将 于8月23日正式上线。 这部纪录片以陈奕迅"FEAR and D ...

延续Q1增长势能，B站在Q2再次迈向新高。 8月21日盘后，哔哩哔哩（NASDAQ:BILI；HKEX:9626，以下简称"B站"）发布2025年Q2财报数据。在增值服务、广 告、游戏及IP衍生品四大板块协同下，B站核心业务多点开花，实现营收73.4亿元，同比增长20%。 盈利能力的突破性增长成为B站这一季度的最大看点。 依托于运营效率的提升与高毛利业务的增长，B站毛利润同比增长46%，连续十二个季度环比攀升至36.5%，净利润与 调整后净利润双双创下历史新高，分别达2.2亿元和5.6亿元。 用户数据的全面飘红，则进一步夯实增长根基，社区活力持续爆棚。 日均活跃用户创历史新高达1.09亿、月均活跃用户攀升至3.63亿的规模，印证B站内容生态对用户的持续吸引力。而月 均付费用户3100万、用户日均使用时长同期增加6分钟达105分钟、正式会员第12个月留存率稳定在80%的粘性数据， 则说明平台不仅能"拉新"更能"留活"，社区的高互动性已形成难以复制的用户壁垒。 更值得关注的是新用户平均年龄仅22岁这一细节，也暗示B站的内容供给正与Z世代需求形成更精准的匹配。 可以判断，B站已从规模扩张阶段成功转入"规模与利润双升 ...

In line with market expectation. In 2Q25, revenue was at RMB7.3 billion (beat market consensus by 1%), increasing by 20% year-over-year. The non-GAAP net income reached RMB562 million (beat the consensus by 4%). Quarterly performance was in-line with market expectation. For active users, DAU/MAU increasing by 7.3%/8% year-over-year at 109 million/363 million, respectively. Users even accelerated in 2Q25, compared with 1Q25 (DAU/MAU+4.5%/7.8% year-over-year in 1Q25). User engagement DAU/MAU remains at around ...

Daily Spotlight 22 August 2025 Michael MENG (852) 3988 6433 michael.meng@bocigroup.com Index Performance | | Last close | % 1D | % YTD | | --- | --- | --- | --- | | HSI | 25,105 | (0.2) | 25.1 | | HSCEI | 8,975 | (0.4) | 23.1 | | HSCCI | 4,360 | 0.3 | 15.3 | | MSCI HK | 13,388 | (0.0) | 26.7 | | MSCI CHINA | 82 | (0.0) | 26.4 | | FTSE CHINA A50 | 14,465 | 0.5 | 7.0 | | CSI 300 | 4,288 | 0.4 | 9.0 | | TWSE | 23,962 | 1.4 | 4.0 | | SENSEX | 81,858 | 0.3 | 4.8 | | NIKKEI 225 | 42,610 | (0.6) | 6.8 | | KOSPI | ...

截至6月30日，B站通过入站考试的"正式会员"数已增至2.7亿，同比增长11%，他们的第12个月留存率 持续稳定在80%。今年，在用户平均年龄提升至26岁的同时，B站的新用户依然保持年轻，平均年龄为 22岁。 本季度，B站的特色内容品类依然保持健康增长。其中，动漫二次元内容播放时长同比增长25%。精品 自制内容和大型线下活动，进一步带动了年轻人对于二次元的热情。例如，Bilibili World和Bilibili Marco Link(简称BW和BML)吸引了来自20多个国家及地区，超过40万人次线下参与，成为了中国最大 的二次元盛会。 第二季度，B站总营收同比增长20%，达73.4亿元。增值服务、广告、游戏和IP衍生品及其他业务分别 贡献了收入的39%、33%、22%和6%，呈现出健康多元的收入结构。 二季度，B站广告业务收入为24.5亿元，同比增长20%；游戏业务收入为16.1亿元，同比增长60%。运营 效率的提升与高毛利业务的快速增长，推动B站毛利润同比增长46%，毛利率连续十二个季度环比提升 至36.5%；净利润和调整后净利润均创下历史新高，分别为2.2亿元和5.6亿元。 商业化效率显著提升的同时，B ...

（全球TMT2025年8月22日讯）今日要点：英伟达CEO黄仁勋突访台积电；谷歌与Meta达成100亿美元云计算合同；Meta继续高薪挖角苹果AI 高管；AI手机竞赛苹果被安卓竞争对手甩在身后；vivo发布目前全球最轻的MR头显；智元机器人目标未来每年出货数十万台；DeepSeek发布 V3.1再涨价。 英伟达CEO黄仁勋突访台积电 英伟达CEO黄仁勋无预警突然现身中国台湾地区，他受访时直言，此行最主要的目的就是要拜访台积电，亲自感谢对方在下一世代芯片架 构"Rubin"上的全力协助。黄仁勋表示："我们的下一代架构叫作Rubin，这是一个非常先进的架构，目前我们已经在台积电完成六款全新芯片 的投片。"这是黄仁勋今年第三次来到中国台湾地区，年初参加中国台湾地区分公司尾牙，5月参加2025台北电脑展并发表专题演讲。 三星HBM低价打入英伟达供应链 韩媒alphabiz报道，三星开始向英伟达供应其HBM3E内存，价格比SK海力士要低20-30%，预计将首先用于中国特供的H20 AI芯片。英伟达最 近获得了向中国出口其H20的许可，但需向美国政府支付15%的销售额，而三星已提出为H20提供HBM3E价格比SK海力士低 ...

Core Insights - The technology industry has seen significant developments in AI and robotics, with major companies releasing new products and updates, as well as financial performance reports indicating growth in various sectors. Group 1: AI Developments - DeepSeek officially released DeepSeek-V3.1, featuring a hybrid reasoning architecture and improved agent capabilities, allowing for faster response times compared to its predecessor [2] - Meta responded to rumors of freezing AI department hiring, clarifying that it is a temporary pause for organizational planning while new AI projects are being established [4] - Tencent Cloud announced the public beta of its AI integrated workspace CodeBuddy IDE, which includes the latest AI models and tools for developers [5] Group 2: Financial Performance - Kuaishou reported a 13.1% year-on-year revenue increase to RMB 35 billion for Q2 2025, with adjusted net profit reaching RMB 5.6 billion, a 20.1% increase [7] - Bilibili achieved a net profit of RMB 218 million in Q2 2025, recovering from a net loss of RMB 608 million in the same period last year [8] - SUTENG reported Q2 revenue of RMB 455 million, a 24.4% year-on-year increase, with robot product sales surging by 631.9% [9] Group 3: Funding and Investments - Autonomous vehicle company Baixiniu completed nearly RMB 500 million in B+ round financing, with funds directed towards product development and AI technology [10] - Nuro announced the completion of $203 million in E round financing, achieving a valuation of $6 billion, with participation from notable investors [11] - FieldAI, a robotics startup, raised $405 million in two funding rounds, supported by investors including Nvidia and Jeff Bezos [13]

本文源自：金融界 作者：情报员 天眼查资料显示，上海哔哩哔哩科技有限公司，成立于2016年，位于上海市，是一家以从事科技推广和 应用服务业为主的企业。企业注册资本250000万美元。通过天眼查大数据分析，上海哔哩哔哩科技有限 公司共对外投资了27家企业，参与招投标项目31次，财产线索方面有商标信息7条，专利信息3066条， 此外企业还拥有行政许可22个。 金融界2025年8月22日消息，国家知识产权局信息显示，上海哔哩哔哩科技有限公司取得一项名为"测试 机型推荐方法及系统"的专利，授权公告号CN115114525B，申请日期为2022年06月。 ...

财报发布后，B站董事长兼 CEO 陈睿、副董事长兼首席运营官李旎以及 CFO 樊欣等公司高管出席了随 后举行的财报电话会议，解读财报要点，并回答分析师提问。 【#B站陈睿称4到5款游戏等待版号#，近期会公布一款三国IP休闲游戏】哔哩哔哩（B站）昨日发布了 截至 6 月 30 日的 2025 年第二季度财报。#B站第二季度日均活跃用户1.09亿# 财报显示，B站 2025 年第二季度移动游戏营收为 16.1 亿元，同比增长 60%。（IT之家） 谈到游戏业务，陈睿透露，目前有 4 到 5 款游戏正在等待版号，拿到版号以后就会适时公布，近期会公 布的是一款三国 IP 的休闲游戏。 ...

Summary of Bilibili Inc. (BILI) 2Q25 Earnings Call Company Overview - **Company**: Bilibili Inc. (BILI) - **Quarter**: 2Q25 - **Revenue**: Rmb7.3 billion, representing a 20% year-over-year increase and inline with expectations [1][2] Key Financial Metrics - **Non-GAAP EPADS**: Rmb1.29, which is +1%/+4% compared to Goldman Sachs estimates and Visible Alpha Consensus Data [1][2] - **Deferred Revenue**: Increased by Rmb391 million quarter-over-quarter, significantly improved from Rmb46 million in the previous quarter [2] - **Daily Active Users (DAU)**: 109 million, up 7.3% year-over-year [2] - **Monthly Active Users (MAU)**: 363 million, up 8% year-over-year [2] - **Mobile Games Revenue**: Increased by 60% year-over-year [2] - **Advertising Revenue**: Increased by 20% year-over-year [2] - **Adjusted Operating Profit**: Rmb573 million, beating Goldman Sachs estimate of Rmb502 million [2] Strategic Insights - **Advertising Outlook**: Focus on the advertising outlook for the second half of 2025 and trends by vertical [3] - **Game Pipeline Updates**: Updates on the game pipeline for 2H25 and 2026, particularly regarding Sanguo: NSLG [3] - **Margin Expansion Potential**: Discussion on potential margin expansion and mid-to-long term targets [3] - **Shareholder Return Plan**: Plans for shareholder returns in 2025 [3] Risks and Challenges - **Valuation Risks**: Concerns regarding relatively rich valuation and potential de-rating risks [8] - **User Growth**: Possible slowdown in user growth and increased competition from short-form video companies [8] - **Game Longevity**: Risks associated with weaker-than-expected game longevity and pipeline [8] Price Target and Valuation - **12-Month Price Target**: $23.60 for BILI, with a current price of $25.31 indicating a downside of 6.7% [9] - **Market Capitalization**: $10.6 billion [9] - **Revenue Forecasts**: Projected revenues for 2025E at Rmb30.38 billion [9] Conclusion - **Investment Rating**: Goldman Sachs maintains a "Buy" rating on Bilibili Inc. with a focus on growth potential and strategic initiatives in advertising and gaming [9]