按照这个趋势，《百花ランブル》有可能成为易幻新晋出海爆款。 时间回到2023年，易幻靠着一款《马赛克英雄》在日本市场大获成功。其收入连创新高，直接把公司送进了SensorTower中国手游发行商全球收入榜 TOP30。但此后许久，公司都没能再拎出一个爆款新品。随着《马赛克英雄》收入回落，易幻也慢慢淡出了榜单。 但其实对于一家在海外征战十余年的老将来说，沉沉浮浮本就是常态，而在蛰伏之中蓄力、寻找突破口以再次崛起，似乎也并非难事。 寻觅下一个爆款 易幻从成立之初便专注于游戏海外发行业务，2012年以《英雄战魂》抢占中国港澳台市场，后续又逐步开拓了韩国、东南亚、日本、欧美等市场。而港澳 台、日韩可以说是易幻最熟悉的战场，依托于过去积累的资源与经验，公司在这里更容易跑出爆款。 几周前，广州易幻旗下二次元新游《百花ランブル》在日本上线，很快就冲到了iOS游戏畅销榜第11名，截至目前仍保持在TOP90。根据SensorTower，该 产品上线不到1个月，在单个市场已经实现了3300万元收入。 今年易幻在繁中市场接连推出了《最強宗師》《命運聖契：少女的羈絆》《異界三國：死神契約》等产品。 其中《最強宗師》是广州星嘉《最强祖 ...

Group 1: Company Strategy and Future Plans - The company is focused on global expansion, particularly in mature markets like Japan, South Korea, and Southeast Asia, while not completely excluding the domestic market [2] - The establishment of the subsidiary Talys in May 2025 aims to enhance the robotics ecosystem by integrating upstream core components with downstream applications [5][6] - The company is actively exploring micro-motors for robotics applications, with ongoing product development and testing [5][6] Group 2: Financial and Market Performance - The company emphasizes the importance of market value management and shareholder returns, focusing on stability in its main operations to navigate market fluctuations [6] - The new game "ATHENA: Blood Twins" has received positive feedback, achieving top rankings in free charts across multiple regions upon launch [4] - The Thai manufacturing base for digital conveyor belts has officially commenced production, with a target output of 10 million square meters annually [5] Group 3: Investor Relations and Risk Management - The company has reiterated that any acquisition or restructuring plans will be disclosed in accordance with regulatory requirements, urging investors to remain aware of investment risks [1][3] - The company is cautious about revealing specific financial details related to contracts due to confidentiality agreements [2] - Ongoing developments in the robotics sector are subject to uncertainties, and the company advises investors to stay informed through official communications [3][5]

Core Viewpoint - Baotong Technology is a leading enterprise in the domestic industrial internet and mobile internet sectors, with strong technical capabilities and market competitiveness in intelligent material handling and game development [1] Group 1: Business Performance - For Q3 2025, Baotong Technology reported revenue of 2.457 billion yuan, ranking 9th among 26 companies in the industry, while the industry leader, ST Huatuo, had revenue of 27.223 billion yuan [2] - The company's net profit for the same period was 221 million yuan, placing it 13th in the industry, with the top performer, ST Huatuo, achieving a net profit of 4.442 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Baotong Technology's asset-liability ratio was 31.27%, higher than the previous year's 29.96% and above the industry average of 29.04% [3] - The company's gross profit margin was 38.51%, down from 40.65% year-on-year and below the industry average of 58.35% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 8.91% to 57,000, while the average number of circulating A-shares held per shareholder increased by 9.78% to 6,171.44 [5] - Notable changes among the top ten circulating shareholders include an increase in holdings by Huaxia CSI Animation Game ETF and Hong Kong Central Clearing Limited [5] Group 4: Future Outlook - Huatai Securities noted that despite a decline in performance in the first half of 2025, Baotong Technology has a rich game pipeline set to launch, which is expected to boost future performance [6] - The company has launched 8 new games in the first half of 2025, bringing the total to 48 games, with a user base of 231 million and 7.89 million active users [6] - The company is also advancing its robotics business, establishing partnerships with several robotics firms and focusing on AI and industrial applications [6]