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网易Q2营收278.9亿，游戏及增值服务贡献超八成

简报：

• 网易公司2025年第二季度财报显示，季度营收为278.9亿元，同比增长9.4%；非公认会计准则下归属于公司股东的净利润为95亿元。
• 按业务划分，游戏及相关增值服务净收入为228亿元；网易有道净收入14.2亿元；创新及其他业务净收入17亿元。
• 子公司网易有道在本季度首次实现季度盈利，经营利润达2880万元。
• 网易当季研发投入为44亿元，研发投入强度为15.6%。

相关链接：

• 网易：二季度营收278.9亿元，同比增长9.4%
• 网易云音乐：上半年收入38.2亿元，长音频内容消费稳步增长
• 网易有道：上半年净收入27亿元，经营利润创历史新高

NetEase Q2 Revenue Hits 27.89 Billion Yuan, Games & Value-Added Services Contribute Over 80% 🎮

Briefing:

• NetEase Inc.'s financial report for the second quarter of 2025 shows quarterly revenue of 27.89 billion yuan, a year-on-year increase of 9.4%; net profit attributable to company shareholders under non-GAAP was 9.5 billion yuan.
• By business segment, net revenue from games and related value-added services was 22.8 billion yuan; NetEase Youdao's net revenue was 1.42 billion yuan; and net revenue from innovative businesses and others was 1.7 billion yuan.
• Subsidiary NetEase Youdao achieved its first-ever quarterly profitability in this quarter, with operating profit reaching 28.8 million yuan. 🎉
• NetEase's R&D investment for the quarter was 4.4 billion yuan, with an R&D intensity of 15.6%. 💡

Related Links:

• NetEase: Q2 Revenue 27.89 Billion Yuan, Up 9.4% YoY
• NetEase Cloud Music: H1 Revenue 3.82 Billion Yuan, Long-Form Audio Content Consumption Grows Steadily
• NetEase Youdao: H1 Net Revenue 2.7 Billion Yuan, Operating Profit Reaches Record High

网易云音乐上半年利润大增132.4%，长音频业务显成效

简报：

• 网易云音乐2025年上半年财报显示，其净收入达38.3亿元，期内利润为18.82亿元，同比增长132.4%，同时平台长音频内容的消费和人均收听时长在期内持续增加。

相关链接：

• 网易云音乐：上半年收入38.2亿元，长音频内容消费稳步增长

NetEase Cloud Music's H1 Profit Surges 132.4%, Long-form Audio Business Shows Effectiveness

Brief:

• NetEase Cloud Music's H1 2025 financial report shows its net income reached 3.83 billion yuan, with a profit of 1.882 billion yuan for the period, a year-on-year increase of 132.4%. Concurrently, the platform's consumption of long-form audio content and per capita listening time continued to increase during the period. 🎧📈

Related Links:

• NetEase Cloud Music: H1 Revenue 3.82 Billion Yuan, Long-form Audio Content Consumption Grows Steadily 🎶

网易有道上半年经营利润创新高，并实现季度盈利

简报：根据网易有道公布的2025年第二季度财报，其上半年净收入总计27亿元，经营利润达1.3亿元创历史新高，并在第二季度首次实现盈利。

相关链接：

• 网易有道：上半年净收入27亿元，经营利润创历史新高
• 网易云音乐：上半年收入38.2亿元，长音频内容消费稳步增长
• 网易：二季度营收278.9亿元，同比增长9.4%

NetEase Youdao Achieves Record Operating Profit in First Half, Reports Quarterly Profitability

Brief: According to NetEase Youdao's Q2 2025 financial report, its total net revenue for the first half of the year reached 2.7 billion RMB, with operating profit hitting a new historical high of 130 million RMB. The company also achieved profitability for the first time in Q2! 📈💰🎉

Related Links:

• NetEase Youdao: First-Half Net Revenue Reaches 2.7 Billion RMB, Operating Profit Hits Record High
• NetEase Cloud Music: First-Half Revenue at 3.82 Billion RMB, Steady Growth in Long-Form Audio Content Consumption
• NetEase: Q2 Revenue Reaches 27.89 Billion RMB, Up 9.4% Year-on-Year

孚能科技SPS电池获头部商用车企定点

简报：

• 孚能科技公告称，近日收到国内某头部新能源商用车客户的项目定点通知，公司将于2026年开始为该项目车型供应基于SPS（超级软包动力电池解决方案）设计的磷酸铁锂动力电池。

相关链接：

• 孚能科技：获国内某头部新能源商用车客户定点
• 孚能科技关于获得客户项目定点的公告

Farasis Energy's SPS Battery Secures Designation from Leading Commercial Vehicle Manufacturer 🔋

Brief:

• Farasis Energy recently announced that it has received a project designation notice from a leading domestic new energy commercial vehicle customer. The company is set to begin supplying Lithium Iron Phosphate (LFP) power batteries, based on its SPS (Super Pouch Solution) design, for this project's vehicle models starting in 2026. 🚀🎉

Related Links:

• Farasis Energy: Designated by a Leading Domestic New Energy Commercial Vehicle Customer
• Farasis Energy's Announcement on Securing Customer Project Designation

4连板大元泵业提示风险：液冷业务收入占比较小

简报：

• 大元泵业发布公告，公司股票自2025年8月11日起已连续4个交易日涨停，存在市场情绪过热情形，但公司基本面未发生重大变化。
• 针对市场关注的数据中心液冷概念，公司澄清液冷温控业务为公司原有业务。
• 2025年第一季度，该业务相关产品销售收入约为160万元，占公司营业总收入的0.43%，对公司报表影响小。
• 公司表示该业务的未来发展存在较大不确定性。

相关链接：

• 大元泵业股份有限公司股票交易异常波动公告
• 4连板大元泵业：液冷温控业务为公司原有业务，一季度相关产品销售收入约160万元

Dayuan Pump Industry's 4-Consecutive-Limit Streak Prompts Risk Warning: Liquid Cooling Business Revenue is Marginal ⚠️

Brief: 📰

• Dayuan Pump Industry announced that its shares have hit the daily limit for 4 consecutive trading days since August 11, 2025, indicating excessive market enthusiasm, but the company's fundamentals have not undergone significant changes.
• Addressing market interest in the data center liquid cooling concept, the company clarified that its liquid cooling temperature control business is an existing operation.
• In the first quarter of 2025, sales revenue from products related to this business was approximately 1.6 million RMB, accounting for 0.43% of the company's total operating revenue, thus having a minor impact on its financial statements.
• The company stated that the future development of this business carries significant uncertainty. 🤔

Related Links:

• Announcement on Abnormal Stock Trading Fluctuations of Dayuan Pump Industry Co., Ltd.
• Dayuan Pump Industry on 4-Consecutive-Limit Streak: Liquid Cooling Temperature Control is an Existing Business, Q1 Related Product Sales Revenue Approximately 1.6 Million RMB