Binance Wallet’s exclusive TGE Phase 38 launches JoJoWorld (JOJO), with the subscription period open from 9:00 AM to 11:00 AM (UTC) on September 19. An additional 32 million JOJO tokens will be reserved for future events. In addition, Binance Alpha will launch Dill (DL) at 11:30 AM (UTC) on September 19.https://t.co/6awGJ9iqYs ...

神州泰岳 20250826 摘要 神州泰岳营收 13.6 亿元，环比增长 2.85%；归母净利润 2.7 亿元，环 比增长 13.45%，显示公司整体盈利能力稳步提升。 海外游戏市场是神州泰岳的主要收入来源，占比高达 92%，其中北美市 场贡献约半壁江山，表明公司在海外 SLG 游戏市场具有显著优势。 两款海外测试游戏 DL 和 LA 即将登陆苹果商店，三款 SL 产品预计 2026 年一二季度商业化测试，预示公司未来游戏业务增长潜力。 Abox 智能语音机器人采用订阅制模式，按通话时长收费，已获客户签 单，并计划推向海外市场，有望成为计算机业务新的增长点。 老游戏《旭日之城》和《战火与秩序》运营状态良好，通过高频更新和 稳定投放维持流水，并在 7 月中国出海流水排行榜中排名上升。 公司加快新产品储备和发布节奏，新品融合模拟经营与 SLG 等多种题材 和玩法，旨在抓住 SLG 市场扩容机会，冲击市场。 计算机业务持续产品化和国际化，Apple Works 采用订阅制收费模式， 官网设计具有海外风格，未来将在海外推广，提升收入和利润率。 Q&A 2025 年上半年神州泰岳的经营情况如何？ 2025 年上半年，神 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 8 HKD, corresponding to a P/E of 20x for 2025 and 16x for 2026 [4][7]. Core Insights - The company reported a revenue of 2.24 billion USD for the first half of 2025, representing a year-on-year growth of 6.8%, driven by the continuous growth in the Asia-Pacific region [1]. - The adjusted EBITDA for the first half of 2025 reached 230 million USD, a year-on-year increase of 16.8%, benefiting from the higher revenue share from the Asia-Pacific region [2]. - The company is actively advancing its line control chassis technology, including line control steering and braking systems, with expectations of securing more orders in the second half of the year [3]. Revenue and Profitability - The company's gross margin improved by 1.5 percentage points year-on-year to 11.5%, with gross profit increasing by 22.7% to 260 million USD [2]. - The net profit attributable to shareholders surged by 304.5% year-on-year to 63.48 million USD, with a net profit margin of 2.8% [2]. - The Asia-Pacific region's revenue share increased by 2.3 percentage points to 30.6%, with a significantly higher EBITDA margin compared to North America and EMEASA [4]. Future Outlook - The company expects to achieve a record high in annual revenue, outperforming the market by 300-400 basis points, with a target of 5 billion USD in orders for the year [1]. - Revenue projections for 2025-2027 are estimated at 4.6 billion USD, 4.8 billion USD, and 5.1 billion USD, respectively, with net profits expected to grow significantly [4][6].