具体来看，2025年上半年，雷神科技实现营业收入13.88亿元，同比增长13.19%，创历史同期新高；归 属于上市公司股东的净利润1433.53万元，同比增长69.31%，利润增速继续超营收增速；归属于上市公 司股东的扣除非经常性损益的净利润为1326.38万元，同比增长86.16%；毛利率进一步提升，盈利能力 稳步增强。 据市场调查机构IDC预测，2025年全球PC出货量预计将达到2.74亿台，同比增长4.1%。其中，中国游戏 本市场在此趋势下表现亮眼，已连续四个季度实现同比增长，展现出稳定的上升趋势，"超级换机周 期"已然来临。这一进程中，雷神科技的竞争优势将伴随市场的扩容而放大，多重利好共振下，其前景 值得期待。 中证报中证网讯(王珞)8月15日，北交所上市公司雷神科技发布2025年半年度业绩报告。财报显示，报 告期内，公司把握消费"国补"、市场回暖、需求增加的机遇，在产品创新、市场拓展等方面取得显著成 效，实现了营收和净利润的双增长。 同时，双轮驱动成果渐显，信创"第二曲线"的价值潜力加速兑现。报告期内，雷神科技锚定"100家金牌 代理商、100家行业头部用户"的双轨目标，携手伙伴共筑高质量行业生态。 ...

Core Viewpoint - Qingdao Thunder God Technology Co., Ltd. reported significant growth in both revenue and net profit for the first half of 2025, driven by market recovery and product innovation [1][2]. Financial Performance - The company achieved operating revenue of 1.388 billion yuan, a year-on-year increase of 13.19%, marking a historical high for the same period [1]. - Net profit attributable to shareholders reached 14.3353 million yuan, up 69.31% year-on-year, with profit growth outpacing revenue growth [1]. - The net profit excluding non-recurring gains and losses was 13.2638 million yuan, reflecting an 86.16% increase year-on-year [1]. - The gross profit margin improved, indicating a steady enhancement in profitability [1]. Product and Market Strategy - The growth was primarily attributed to the deepening engagement in the esports equipment sector and the integration of AI technology with high-performance hardware [1]. - The company launched several new products, including the Thunder God ZERO18Pro and the Mechanic Dawn 16Pro, establishing a product ecosystem centered around "AIPC + AI smart glasses + Thunder God AI smart body" [1]. - Domestic sales revenue was approximately 900 million yuan, showing a year-on-year increase of 23.81%, the highest growth since the company went public [1]. Future Outlook - The company aims to build a high-quality industry ecosystem by targeting "100 gold medal agents and 100 industry-leading users" [2]. - With the dual-track strategy of "esports + trusted innovation" and "esports + AI," along with online and offline channel empowerment, the company is expected to continue its high growth trajectory in the domestic market [2]. - Participation in major industry exhibitions like CES 2025 and the Hong Kong Electronics Fair is anticipated to accelerate local development in North America, Eastern Europe, Southeast Asia, and the Middle East, enhancing the company's overseas market presence [2]. - According to IDC, global PC shipments are projected to reach 274 million units in 2025, with a 4.1% year-on-year growth, indicating a favorable market environment for the gaming laptop sector in China [2].