暑期过半，来看本周有哪些游戏产业新闻值得关注。 行业动向方面，亚马逊广告发布《2025全球PC与主机游戏玩家洞察报告》，2025年第一季度全球PC和 主机游戏玩家数量已达14.3亿。 国内公司方面，心动网络发布2025年上半年业绩预告，预计收入将达到30.5亿元人民币，同比增长 37%；小红书举办的首个大型游戏二次元活动——"痛岛"RED LAND于上海市杨浦区复兴岛举办；B站 官方账号「小站助手」宣布支持用户绑定Steam账号；8月9日，库洛嘉年华在广州广交会展馆举办。 合规监管方面，中手游发布内部通告，旗下满天星工作室原总经理姜海涛因涉嫌严重职务犯罪，已被公 安机关依法刑拘，其此前负责《仙剑世界》项目研发工作。 据小红书方面透露，过去一年小红书内容发布量增速最快的两个类目，一个是二次元，一个是游戏，前 者同比增长175%，后者同比增长168%，上述两类内容的整体发布规模已经成为仅次于时尚、美食两大 泛生活类目。 亚马逊：全球PC/主机游戏玩家已达14.3亿 近日，亚马逊广告发布《2025全球PC与主机游戏玩家洞察报告》，报告数据显示，2025年第一季度， 全球PC和主机游戏玩家数量已达14.3亿，较202 ...

机构：开源证券 研究员：方光照 2025H1 业绩大幅增长，新老游戏及Taptap 共驱成长，维持"买入"评级公司发布2025H1 业绩预告，预计 收入不低于30.5 亿元，同比增长约37%；净利润不低于7.9 亿元，同比增长约215%；业绩超我们预期。 业绩同比高增主要系： （1）自研游戏《仙境传说M：初心服》、《心动小镇》、《火炬之光：无限》表现亮眼，拉动收入增 长并改善毛利率。（2）TapTap 虽平均月活同比相对稳定，但广告算法改进、用户参与度提升拉动收 入、利润持续增长。我们看好游戏市场拓展、新游戏上线及TapTap 继续驱动业绩增长，上调2025-2027 年盈利预测，预计2025-2027 年归母净利润为17.10/21.35/24.52（前值12.86/15.92/17.57）亿元，对应 EPS3.5/4.3/5.0 元，当前股价对应PE15.0/12.0/10.4 倍，维持"买入"评级。 风险提示：新游戏上线表现不及预期，TapTap 收入增长不及预期等。 《伊瑟》、《心动小镇》拓展区域，经典IP 新游年底首测，游戏增长或延续《伊瑟》已于6 月5 日上线 国际服，并在30 个国家及地区进入游 ...

Core Insights - The report highlights an increase in institutional attention towards the automotive, electric equipment, and basic chemicals sectors, indicating a shift in market focus [6][7][8] - The electric two-wheeler industry is entering a phase of high-quality development, with expectations for steady growth driven by policies and market demand [31][33] - The report emphasizes the strong performance of specific companies such as Lingyi iTech and Green Source Group, projecting significant profit growth in the coming years [28][31][36] Company and Industry Summaries Automotive and Electric Equipment - Institutional research shows a decline in total survey counts across the A-share market, with automotive and electric equipment sectors seeing increased attention compared to the previous year [7][8] - The report notes that the automotive sector's focus has increased, driven by strong demand and technological advancements [8] Electric Two-Wheeler Industry - The electric two-wheeler market is expected to grow significantly, with Green Source Group positioned as a leading player benefiting from regulatory changes and market dynamics [31][32] - The company is projected to see revenue growth from CNY 2.38 billion in 2020 to CNY 5.07 billion by 2024, with a CAGR of 20.8% [31] - The report anticipates a shift towards high-quality products in the industry, with Green Source Group expected to capitalize on this trend [33][34] Electronics and AI Hardware - Lingyi iTech is recognized as a global leader in AI terminal hardware manufacturing, with projections for net profits to reach CNY 2.33 billion by 2025 [28][29] - The company is expanding its product matrix to include AI-driven devices and components for various sectors, including automotive and clean energy [29][30] Media and Gaming - Xindong Company is forecasted to achieve a revenue of at least CNY 3.05 billion in the first half of 2025, reflecting a year-on-year growth of approximately 37% [36][37] - The growth is attributed to successful game launches and the performance of the TapTap platform, which is expected to continue driving revenue [36][38] Detection Technology - Riheng Technology is positioned as a leader in the domestic industrial X-ray detection sector, with expectations for significant profit growth driven by high demand and technological advancements [40][41] - The company is focusing on both organic growth through new orders and potential acquisitions to expand its market presence [42]

进入8月份后，港股市场迎来中期业绩预告披露高峰期。 在中期业绩影响下，多家港股上市公司凭借亮眼的财务数据和前瞻性战略布局，推动股价大幅上涨，但 也有公司因业绩下滑，拖累股价下行。 据华泰证券近期的研究观点，去年至今年中国资产的行情并不能简单归结为流动性扩张，企业盈利 （ROE和EPS）的趋势性转好是中国权益市场在去年"9·24行情"后中枢上移的重要支撑。 多家港股公司股价大涨 在中期业绩预告披露后，多家港股上市公司实现股价大涨。 8月4日晚，心动公司披露业绩预告，经初步评估，预计公司2025年上半年将录得不少于30.5亿元的收 入，较去年同期的22.21亿元增长约37%；预计上半年公司将录得净利润不低于7.9亿元，较上年同期的 2.51亿元增长约215%。 心动公司表示，业绩预计增加主要是因为公司的自研游戏《仙境传说M：初心服》《心动小镇》及《火 炬之光：无限》表现强劲，推动公司的收入增长，进而改善了毛利率。另外，尽管公司APP的平均月活 跃用户同比维持大致稳定，但受广告算法的改进及用户参与度提升所带动，其旗下平台TapTap收入及利 润方面均录得持续增长。 业绩预告发布后，心动公司股价持续攀升，最高上涨至7 ...

上证指数再度站上3600点。 A股市场今天（8月5日）有一定分化，上证指数表现相对较强。盘面上，PEEK材料概念大涨，华密新材涨幅超过20%，新瀚新材于11时29分20%涨停，南 京聚隆涨超13%，中欣氟材亦涨停。 值得注意的是，继上纬新材后，近日A股市场又有股票连续于盘中"20cm"涨停，相关可转债也连续于盘中"20cm"涨停。 港股市场方面，心动公司一度大涨逾26%。 PEEK材料概念大涨 A股市场今天有一定分化，上证指数表现相对较强，盘中重新突破3600点整数关口，创业板指表现相对较弱。截至中午收盘，上证指数上涨0.53%，深证 成指上涨0.14%，创业板指下跌0.26%。 | 行情 | 资金净流入 | 涨跌分布 | | --- | --- | --- | | 上证指数 | 深证成指 | 北证50 | | 3602.13 | 11056.69 | 1435.84 | | +18.82 +0.53% +15.13 +0.14% | | +2.59 +0.18% | | 科创50 | 创业板指 | 万得全A | | 1048.47 | 2328.36 | 5619.88 | | -0.94 -0.09% - ...

上证指数再度站上3600点。 A股市场今天（8月5日）有一定分化，上证指数表现相对较强。盘面上，PEEK材料概念大涨，华密新 材涨幅超过20%，新瀚新材（301076）于11时29分20%涨停，南京聚隆（300644）涨超13%，中欣氟材 （002915）亦涨停。 值得注意的是，继上纬新材后，近日A股市场又有股票连续于盘中"20cm"涨停，相关可转债也连续于盘 中"20cm"涨停。 港股市场方面，心动公司一度大涨逾26%。 PEEK材料概念大涨 A股市场今天有一定分化，上证指数表现相对较强，盘中重新突破3600点整数关口，创业板指表现相对 较弱。截至中午收盘，上证指数上涨0.53%，深证成指上涨0.14%，创业板指下跌0.26%。 行业板块和赛道方面，若按照申万一级行业划分，综合、钢铁、房地产、银行、农林牧渔等板块盘中涨 幅居前，计算机、医药生物、通信等板块盘中跌幅居前。 概念板块方面，PEEK材料概念大涨，盘中涨幅超过4%，华密新材涨幅超过20%，新瀚新材20%涨停， 南京聚隆涨超13%，中欣氟材亦涨停。 其他概念板块方面，玻璃基板、外骨骼机器人、电子纸、汽车热管理等涨幅居前。 东杰智能和东杰转债盘中连续" ...

上证指数再度站上3600点。 A股市场今天（8月5日）有一定分化，上证指数表现相对较强。盘面上，PEEK材料概念大涨，华密新材涨幅超过20%，新瀚新材于11时29分20%涨停，南京 聚隆涨超13%，中欣氟材亦涨停。 值得注意的是，继上纬新材后，近日A股市场又有股票连续于盘中"20cm"涨停，相关可转债也连续于盘中"20cm"涨停。 港股市场方面，心动公司一度大涨逾26%。 PEEK材料概念大涨 A股市场今天有一定分化，上证指数表现相对较强，盘中重新突破3600点整数关口，创业板指表现相对较弱。截至中午收盘，上证指数上涨0.53%，深证成指 上涨0.14%，创业板指下跌0.26%。 | 行情 | 资金净流入 | 涨跌分布 | | --- | --- | --- | | 上证指数 | 深证成指 | 北证50 | | 3602.13 | 11056.69 | 1435.84 | | +18.82 +0.53% +15.13 +0.14% | | +2.59 +0.18% | | 科创50 | 创业板指 | 万得全A | | 1048.47 | 2328.36 | 5619.88 | | -0.94 -0.09% - ...

Group 1 - Xindong Company (02400) reported a positive earnings forecast, expecting revenue of at least RMB 3.05 billion for the first half of 2025, a year-on-year increase of approximately 37%, and a net profit of at least RMB 790 million, a year-on-year increase of about 215% [1] - Yimai Sunshine (02522) also announced a positive earnings forecast, expecting revenue between RMB 450 million to 480 million for the first half of the year, a year-on-year increase of approximately 8.77% to 16.03%, and a net profit of RMB 14.5 million to 16.5 million, a year-on-year increase of about 1350% to 1550% [1] - Tianli International Holdings (01773) plans to repurchase shares up to a total of HKD 200 million based on market conditions, believing that the share buyback plan is in the best interest of the company and its shareholders [2] Group 2 - Liaogang Co., Ltd. (02880) reported a total operating revenue of RMB 5.693 billion for the first half of 2025, a year-on-year increase of 5.93%, and a net profit attributable to shareholders of RMB 956 million, a year-on-year increase of 110.78% [2] - Yuan Zheng Technology (02488) reported a revenue of RMB 982 million for the first half of 2025, a year-on-year increase of 9.75%, and a net profit of RMB 195 million, a year-on-year increase of 27.74% [2] - Geekplus Technology (02590) expects revenue between RMB 995 million to 1.03 billion for the first half of the year, a year-on-year increase of 27% to 32%, while the net loss is expected to narrow significantly [3] Group 3 - Lee & Man Paper Manufacturing (02314) and other leading companies in the paper industry have initiated a price increase for various products starting August 1, indicating a significant acceleration in price adjustment frequency within the industry [3] - Xinda Biopharmaceutical (01801) announced that its innovative oral small molecule GLP-1R agonist IBI3032 has received IND approval from the FDA [4] - Heyu-B (02256) reported a revenue of RMB 612 million for the first half of the year, a year-on-year increase of 23.1%, and a net profit of RMB 328 million, a year-on-year increase of 58.84% [4] Group 4 - Bilibili (BILI.US) is expected to achieve a revenue growth of 20% year-on-year to RMB 7.3 billion in the second quarter, driven by stable performance in mobile games [5][6] - Li Auto (LI.US) launched the Li Xiang i8, with deliveries starting on August 20, and received positive outlooks from multiple institutions [6] - Xpeng Motors (XPEV.US) achieved a new monthly delivery record in July, delivering 36,717 smart electric vehicles, a year-on-year increase of 229% [7]

(责任编辑：宋政 HN002) 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 格隆汇8月5日｜心动公司(2400.HK)盘初大涨超20%，报68.15港元，股价创2021年7月以来新高，截至目 前成交额放大至近5亿港元。消息面上，公司昨晚发盈喜，预计2025年上半年收入不少于30.5亿元，同 比增长约37%；预计净利润不少于7.9亿元，同比增加约215%。 董事会认为上述预期增加主要是由于以下原因所致：(i)自研游戏《仙境传说M：初心服》(Ragnarok M: Classic)、《心动小镇》(Heartopia)及《火炬之光：无限》(Torchlight：Infinite)表现强劲，推动公司的收 入增长，进而改善毛利率；(ii)尽管APP平均月活跃用户同比维持大致稳定，但受广告算法的改进及用 户参与度提升所带动，TapTap于收入及利润方面均录得持续增长；但(iii)部分被(a)若干现有游戏的收入 减 ...

Core Viewpoint - The company has raised its profit forecasts significantly for 2025 and 2026, reflecting better-than-expected performance from TapTap and game titles, leading to an upgraded target price and a maintained outperform rating [1][2]. Group 1: Profit Forecasts - The company has increased its net profit expectations for 2025 and 2026 by 66% and 81% respectively, reaching 1.65 billion and 1.95 billion yuan, corresponding to P/E ratios of 15x and 13x [1]. - The company anticipates a revenue of no less than 3.05 billion yuan for the first half of 2025, representing a year-on-year growth of over 37% [2]. - The net profit for the same period is expected to be no less than 790 million yuan, showing a year-on-year increase of over 215% [2]. Group 2: Game Performance - The solid performance in the first half of 2025 is attributed to titles such as "Ragnarok M: Beginners' Server," "Heart Town," and "Torchlight," which have driven revenue growth and improved gross margins [3]. - The second half of 2025 is expected to see profit growth from the anniversary celebration of "Heart Town" and the launch of "Iser" on September 25, with the international version performing better than market expectations [3]. Group 3: TapTap Growth - TapTap has shown steady revenue growth in the first half of 2025, driven by improvements in advertising algorithms and increased user engagement [4]. - The company plans to focus on significant updates for games and the development of a PC version of TapTap, which has already garnered a user base [4]. - Future initiatives include enhancing the TapTap mini-game platform and exploring AI-driven game development [4].