Investment Rating - The investment rating for the company is "Buy" (maintained) [2][8] Core Views - The company's Q3 2024 performance showed a revenue of 859 million yuan, a year-over-year decrease of 10.36%, and a net profit of 140 million yuan, down 23.82% year-over-year [2][3] - The company continues to reward shareholders with cash dividends, proposing a distribution of 20.00 yuan per 10 shares, totaling 144 million yuan, which represents 70.94% of the net profit attributable to shareholders for the first three quarters of 2024 [3][5] - The overseas revenue for the first nine months of 2024 reached 369 million yuan, reflecting a significant year-over-year increase of 99.57% [4][5] Summary by Sections Financial Performance - For Q3 2024, the company reported a revenue of 859 million yuan, a decrease of 10.36% year-over-year, and a net profit of 140 million yuan, down 23.82% year-over-year [2][3] - The total revenue for the first nine months of 2024 was 2.818 billion yuan, a decline of 14.77% year-over-year, with a net profit of 658 million yuan, down 23.48% year-over-year [3][4] Dividend Policy - The company announced a cash dividend of 20.00 yuan per 10 shares, amounting to 144 million yuan, with total cash dividends for the first three quarters of 2024 expected to be 466 million yuan, representing 70.94% of the net profit attributable to shareholders [3][5] Product Pipeline and Growth Potential - The company has a rich product pipeline with several games in the testing phase, including "Wanjian Changsheng" and "Zhangjian Chuanqi," which are expected to launch in 2025 [5] - The company forecasts revenues of 3.68 billion yuan, 4.10 billion yuan, and 4.53 billion yuan for 2024, 2025, and 2026 respectively, with net profits projected at 873 million yuan, 1.092 billion yuan, and 1.240 billion yuan for the same years [5][6]

感谢大家参加本次会议会议即将开始请稍后 感谢大家参加本次会议,会议即将开始,请稍后。感谢大家参加本次会议,会议即将开始,请稍后。 大家好欢迎参加吉里特2024年第三季度业绩说明会目前所有参会者均处于静音状态下面开始播报免责声明本次会议仅服务于邀请参会的广大投资者会议PPT音频及文字纪录的内容仅供参会者内部使用不得公开发布 吉比特未授权任何媒体转发本次会议相关内容未经允许和授权的转载转发居属侵权吉比特将保留追究其法律责任的权利吉比特不承担因转载转发而产生的任何损失和责任市场有风险投资需谨慎提醒广大投资者谨慎做出投资决策在会议开始前我们提示各位投资者在主讲嘉宾发言结束后将留有提问时间下面有请公司领导发言谢谢 尊敬的各位投资者各位分析师朋友和其他的小伙伴我是吉比特总理梁莉莉非常感谢各位参加吉比特三七报的一个业绩说明会本次会议的话是参会人员包括董事长兼总经理罗洪源先生独立董事鲍辉芳女士副董兼财务总监林家坚先生以及我本人 那我们本次会议的该流程是先做一个报告情况的简要说明然后进入到我们的一个互动交流环节那接下来我简单介绍三级报的一个业绩概要情况今年前三季度工资营业收入28.18亿元同比下降14.77% 规模净利润6.5 ...

Investment Rating - The investment rating for the company is "Add" [2] Core Views - The Q3 performance met expectations, with a year-on-year decline primarily due to the continued decline in revenue from existing products. However, the company maintains its dividend distribution rhythm, and several new games are expected to launch in 2025, warranting attention to the transition from old to new products [3] Summary by Sections Financial Performance - For the first three quarters, the company achieved operating revenue of 2.818 billion yuan, a year-on-year decrease of 14.77%. The net profit attributable to the parent company was 658 million yuan, down 23.48% year-on-year, while the net profit after deducting non-recurring gains and losses was 613 million yuan, down 25.54% year-on-year. The Q3 single-quarter revenue was 859 million yuan, a year-on-year decline of 10.36%, with a net profit of 140 million yuan, down 23.82% year-on-year [7] - The company announced a cash dividend of 20 yuan for every 10 shares, with a single-quarter dividend payout ratio of 103% [7] Future Outlook - The company is expected to launch multiple new products in 2025, including self-developed games "M72" and "M88," and agency products "Wangdu Chuangshiluo" and "Fengshen Fantasy World," which have already launched in Q3. The agency product "Yixiang Echo" is planned for launch on December 30, 2024, and has already opened for reservations on the App Store [7] - The EPS forecast for 2024-2026 is adjusted to 12.87, 15.23, and 17.15 yuan, respectively, down from the previous forecast of 14.56, 16.81, and 18.70 yuan, mainly due to the continued decline in revenue from existing games [7] Valuation - The target price is raised to 257.34 yuan from the previous 213.29 yuan, reflecting an increase in industry valuation levels. The company is expected to maintain a 20x PE ratio for 2024 [7]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's performance in Q1-Q3 2024 showed a revenue of 2.818 billion yuan, down 14.77% year-on-year, and a net profit attributable to shareholders of 658 million yuan, down 23.48% year-on-year, indicating slightly lower-than-expected results [2] - The decline in revenue is attributed to the natural decline of existing games, with expectations for new games to drive future growth [2] - The company announced a cash dividend of 20 yuan per 10 shares, totaling 144 million yuan, reflecting a high dividend payout ratio of 70.94% of net profit for the period [3] - The earnings forecast has been adjusted downwards, with expected EPS for 2024-2026 at 12.05, 14.30, and 15.34 yuan respectively, corresponding to P/E ratios of 18, 15, and 14 times [3] Summary by Relevant Sections Financial Performance - In Q3 2024, the company achieved revenue of 859 million yuan, down 10.36% year-on-year and 16.83% quarter-on-quarter, with a net profit of 140 million yuan, down 23.82% year-on-year and 47.19% quarter-on-quarter [2] - The decline in revenue is primarily due to decreased revenue from existing games, with specific games showing significant year-on-year declines [2] - The company expects the revenue from existing games to stabilize, while new games are anticipated to launch in 2025, which could drive revenue growth [2] Dividend Policy - The company has a strong commitment to returning cash to shareholders, with a total cash dividend of 4.66 billion yuan expected for Q1-Q3 2024, representing 70.94% of net profit [3] Earnings Forecast - The earnings forecast has been revised down, with expected EPS for 2024 at 12.05 yuan, down from a previous estimate of 13.13 yuan [3] - The company is expected to see a stabilization in existing game revenues and growth driven by new game launches [3]

Investment Rating - The report maintains a "Buy" rating for the company [2][4]. Core Views - The company reported a revenue of 2.818 billion yuan for the first three quarters of 2024, a year-on-year decline of 14.77%, and a net profit of 658 million yuan, down 23.48% year-on-year [1]. - The overseas revenue continues to grow significantly, achieving 369 million yuan in the first three quarters of 2024, a year-on-year increase of 99.57% [2]. - The company has a rich pipeline of self-developed and agency products, with several new games expected to launch by the end of the year [2]. Financial Overview - For 2024, the company is projected to achieve revenues of 3.578 billion yuan, a year-on-year decrease of 14.5%, and a net profit of 875 million yuan, down 22.2% year-on-year [3]. - The earnings per share (EPS) for 2024 is estimated at 12.15 yuan, with a projected price-to-earnings (P/E) ratio of 18 [3]. - The company plans to distribute a cash dividend of 20.00 yuan per 10 shares, totaling 144 million yuan [1]. Game Performance - The mobile game "Wandao" saw a total revenue decline of 14.13% to 1.612 billion yuan in the first three quarters of 2024, while the PC version experienced a revenue increase of 7.71% to 881 million yuan [2]. - The company launched new games such as "Fengshen Fantasy World" in October 2024, which features new gameplay mechanics [2]. Future Outlook - The company expects to achieve revenues of 3.918 billion yuan and 4.349 billion yuan in 2025 and 2026, respectively, with growth rates of 9.5% and 11.0% [3]. - The net profit is projected to recover to 1.002 billion yuan in 2025 and 1.168 billion yuan in 2026, with corresponding growth rates of 14.4% and 16.6% [3].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The report highlights that the decline in revenue from older games may slow down, and new product cycles are expected to drive growth [1][4] - The company has adjusted its profit forecasts for 2024-2026, expecting net profits of 9.25 billion, 11.55 billion, and 13.09 billion respectively, with corresponding EPS of 12.84, 16.03, and 18.17 [2][5] Financial Performance Summary - In Q3 2024, the company reported revenue of 859 million (down 10.36% YoY, down 16.83% QoQ) and a net profit of 140 million (down 23.82% YoY, down 47.19% QoQ) [2][3] - The decline in performance is attributed to reduced revenue and profits from key games such as "Wandao" and "Yinian Xiaoyao" [2][3] - The company plans to distribute a cash dividend of 20 yuan for every 10 shares [2] Game Revenue Trends - The revenue from the core game "Wandao" in H1 2024 was 656 million (up 16.31% YoY), while Q3 2024 revenue was 225 million (down 11.42% YoY) [3] - The mobile game "Wandao" saw H1 2024 revenue of 1.155 billion (down 14.66% YoY) and Q3 2024 revenue of 457 million (down 12.62% YoY) [3] - The overseas revenue for the company reached 369 million in the first nine months of 2024, showing a significant increase of 99.57% YoY [3] New Product Pipeline - The company has a rich pipeline of games that have received approval and are expected to launch soon, including "Yixiang Echo" and "Wangdu Creation Record" [4] - The launch of these new games is anticipated to offset the decline in revenue from older titles and further drive company growth [4]

财联社财经通讯社打开APP16:43:53【吉比特：第三季度净利润同比下降23.82% 拟10派20元】财联社10 月24日电，吉比特公告，2024年第三季度公司实现营业收入8.59亿元，同比下降10.36%；归属于上市公 司股东的净利润为1.4亿元，同比下降23.82%。 前三季度累计营业收入为28.18亿元，同比下降14.77%；归属于上市公司股东的净利润为6.58亿元，同 比下降23.48%。 公司主要收入来源于自研游戏产品，其中《问道》端游收入有所增加，而《问道手游》和《一念逍遥》 收入均减少。 吉比特同日公告，公司拟向全体股东每10股派发现金红利20.00元（含税）。 吉比特-3.50%A股公告速递查看公告原文财联社声明：文章内容仅供参考，不构成投资建议。 投资者据此操作，风险自担。 2024-10-24 16:43:5320124 阅读商务合作发送 ...

证券代码：603444 证券简称：吉比特 公告编号：2024-051 厦门吉比特网络技术股份有限公司 股为基数，合计拟派发现金红利 143,512,602.00 元（含税）。本次利润分配不进行 资本公积转增股本，不进行其他形式利润分配。 2024 年第三季度利润分配方案公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 为积极回报广大投资者，综合考虑公司未来可持续发展所需资金、对投 资者的合理回报，厦门吉比特网络技术股份有限公司（以下简称"公司"）拟向 全体股东每 10 股派发现金红利 20.00 元（含税）。 本次利润分配以实施权益分派股权登记日登记的总股本扣除公司回购专 户中已回购股份后的公司股本为基数，具体日期将在权益分派实施公告中明确。 在实施权益分派的股权登记日前公司总股本或回购专户中的股份数发生 变动，拟维持每股分配比例不变，相应调整分配总额。 一、利润分配方案内容 根据公司 2024 年第三季度财务报表（未经审计），公司 2024 年 1-9 月合并报 表归属于母公司股东的净利润 657,501 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 厦门吉比特网络技术股份有限公司（以下简称"公司"）于 2024 年 10 月 17 日以电子邮件方式发出召开第五届董事会第二十五次会议的通知，并于 2024 年 10 月 24 日以现场与通讯相结合方式在公司会议室召开会议。本次会议应出席董 事共 7 名，实际出席会议董事 7 名。公司全体监事及高级管理人员列席了本次会 议。本次会议的通知、召集及召开符合《中华人民共和国公司法》（以下简称"《公 司法》"）、《厦门吉比特网络技术股份有限公司章程》（以下简称"《公司章程》"） 的有关规定。本次会议由公司董事长卢竑岩先生主持。与会董事经过认真审议并 以记名投票的方式进行表决。 二、董事会会议审议情况 证券代码：603444 证券简称：吉比特 公告编号：2024-049 厦门吉比特网络技术股份有限公司 第五届董事会第二十五次会议决议公告 （一）董事会以 7 票同意、0 票反对、0 票弃权审议通过了《关于审议<公司 2024 年第三季度报告>的议案》。 根据《中华人 ...

Revenue and Profit Performance - Revenue for the third quarter was RMB 858.63 million, a decrease of 10.36% year-over-year[3] - Net profit attributable to shareholders was RMB 139.67 million, down 23.82% year-over-year[3] - Total revenue from key games (《问道》端游, 《问道手游》, 《一念逍遥（大陆版）》) for the first nine months was RMB 2.972 billion, a decrease of 17.19% year-over-year[6] - Adjusted net profit attributable to shareholders decreased by 23.06% YoY to 619,538,196.59 RMB for the first nine months of 2024[16] - Net profit attributable to shareholders dropped by 23.48% YoY to 657,501,185.66 RMB for the first nine months of 2024[16] - Q3 2024 revenue declined by 16.83% QoQ and 10.36% YoY to 858,632,540.87 RMB[23] - Q3 2024 net profit attributable to shareholders fell by 47.19% QoQ and 23.82% YoY to 139,673,592.50 RMB[23] - Q3 2024 revenue and net profit attributable to shareholders decreased year-over-year due to declines in revenue and profit from "Ask Tao" PC game, "Ask Tao Mobile," and "One Thought Wandering (Mainland Version)"[25] - Total operating revenue for the first three quarters of 2024 was 2,818,281,672.62 yuan, a decrease of 14.8% compared to 3,306,772,093.70 yuan in the same period of 2023[34] - Net profit attributable to the parent company for the first three quarters of 2024 was 3,216,083,908.46 yuan, an increase of 11.6% compared to 2,881,486,077.30 yuan in the same period of 2023[33] - Net profit for the first three quarters of 2024 was 818.99 million yuan, a decrease of 27.1% compared to 1.12 billion yuan in the same period of 2023[35] - Operating profit for the first three quarters of 2024 was 953.41 million yuan, down 32.1% from 1.40 billion yuan in the same period of 2023[35] - Total comprehensive income for the first three quarters of 2024 was 810.36 million yuan, a decrease of 29.5% compared to 1.15 billion yuan in the same period of 2023[35] - Revenue from sales of goods and services for the first three quarters of 2024 was 3.02 billion yuan, a decrease of 9.3% compared to 3.33 billion yuan in the same period of 2023[37] - Operating profit for the first three quarters of 2024 decreased to 504,986,602.06 RMB from 803,329,789.90 RMB in the same period of 2023, a decline of approximately 37.1%[42] - Net profit for the first three quarters of 2024 dropped to 496,708,196.97 RMB from 782,510,523.02 RMB in 2023, a decrease of about 36.5%[42] - Total comprehensive income for the first three quarters of 2024 was 496,638,855.91 RMB, down from 782,510,523.02 RMB in 2023[43] Overseas and Domestic Revenue - Overseas revenue for the first nine months was RMB 369 million, an increase of 99.57% year-over-year[9] Assets and Liabilities - The company's total assets increased by 1.15% to RMB 6.713 billion compared to the end of the previous year[5] - Total assets as of September 30, 2024, were 6,713,366,978.54 yuan, an increase of 1.2% compared to 6,636,771,238.42 yuan at the end of 2023[32] - Total liabilities as of September 30, 2024, were 1,321,192,921.74 yuan, a decrease of 4.9% compared to 1,389,162,790.66 yuan at the end of 2023[33] - Total assets increased to 3,325,923,865.91 yuan from 3,220,955,715.48 yuan at the end of 2023[39] - Total liabilities decreased to 145,953,250.66 yuan from 162,542,488.23 yuan at the end of 2023[40] - Owner's equity increased to 3,179,970,615.25 yuan from 3,058,413,227.25 yuan at the end of 2023[40] Employee and R&D Expenses - The number of employees increased by 57 to 1,504, mainly due to an increase in R&D staff[10] - Payments for employee benefits for the first three quarters of 2024 were 912.63 million yuan, an increase of 5.3% compared to 866.55 million yuan in the same period of 2023[37] - R&D expenses for the first three quarters of 2024 were 103,394,550.14 RMB, a slight decrease from 107,004,457.66 RMB in 2023, down by approximately 3.4%[42] Financial Income and Expenses - The company's investment-related financial income for the first nine months was RMB 31.68 million, a decrease from RMB 37.19 million in the same period last year[11] - The exchange rate loss for the first nine months was RMB 6.21 million, compared to a gain of RMB 57.03 million in the same period last year[13] - Investment income increased by 76.10% YoY to 127,465,852.98 RMB due to gains from equity repurchase by investee companies[21] - Financial expenses decreased by 59.25% YoY to -54,243,889.39 RMB due to unfavorable USD-RMB exchange rate movements[21] - The company's financial expenses for the first three quarters of 2024 were -2,294,132.83 RMB, compared to -10,506,908.43 RMB in 2023, indicating a significant reduction in financial costs[42] - Investment income for the first three quarters of 2024 was 413,997,629.38 RMB, a significant drop from 686,965,704.32 RMB in 2023, a decrease of about 39.7%[42] Cash Flow - Operating cash flow decreased by 36.01% QoQ to 232,736,935.51 RMB in Q3 2024[23] - Cash flow from operating activities for the first three quarters of 2024 was 827.02 million yuan, slightly up by 0.3% from 824.56 million yuan in the same period of 2023[37] - Cash flow from investing activities for the first three quarters of 2024 was -326.88 million yuan, a decrease of 79.4% compared to -182.19 million yuan in the same period of 2023[37] - Cash flow from financing activities for the first three quarters of 2024 was -673.13 million yuan, an improvement of 29.2% compared to -950.78 million yuan in the same period of 2023[37] - Cash flow from operating activities for the first three quarters of 2024 was 304,790,016.06 RMB, slightly down from 306,763,950.64 RMB in 2023[44] - Cash flow from investing activities for the first three quarters of 2024 was 269,601,064.05 RMB, a decrease from 478,896,800.59 RMB in 2023[45] - Cash flow from financing activities for the first three quarters of 2024 was -375,267,853.18 RMB, an improvement from -660,882,837.93 RMB in 2023[45] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 21,491[26] - Lu Hongyan holds 29.72% of the company's shares, making him the largest shareholder[26] - Chen Tuolin holds 11.44% of the company's shares, the second-largest shareholder[26] - Hong Kong Securities Clearing Company holds 7.11% of the company's shares, the third-largest shareholder[26] Other Financial Metrics - The company's deferred revenue balance increased by RMB 34 million to RMB 474 million, mainly due to new game launches[15] - Other receivables surged by 567.98% YoY to 37,402,906.25 RMB due to pending payments from equity repurchase by investee companies[20] - Other current assets increased by 2,499.68% YoY to 305,372,349.20 RMB due to new purchases of short-term government bonds[20] - Non-operating income and expenses totaled -11,135,398.21 RMB for the first nine months of 2024[18] - Monetary funds decreased to 2,221,038,933.37 yuan as of September 30, 2024, compared to 2,397,018,382.09 yuan at the end of 2023[30] - Trading financial assets slightly decreased to 1,119,448,735.31 yuan as of September 30, 2024, from 1,125,621,695.38 yuan at the end of 2023[30] - Accounts receivable decreased to 189,294,536.75 yuan as of September 30, 2024, from 238,756,746.14 yuan at the end of 2023[30] - Prepayments increased to 23,909,057.93 yuan as of September 30, 2024, from 21,422,780.34 yuan at the end of 2023[30] - Other receivables increased significantly to 37,402,906.25 yuan as of September 30, 2024, compared to 5,599,445.09 yuan at the end of 2023[31] - Other current assets increased to 305,372,349.20 yuan as of September 30, 2024, compared to 11,746,515.71 yuan at the end of 2023[31] - Contract liabilities increased to 458,272,058.22 yuan as of September 30, 2024, compared to 417,007,621.68 yuan at the end of 2023[32] - Long-term equity investments decreased to 1,132,814,494.82 yuan as of September 30, 2024, compared to 1,164,814,123.76 yuan at the end of 2023[31] - Fixed assets decreased to 557,566,615.27 yuan as of September 30, 2024, compared to 596,402,026.29 yuan at the end of 2023[31] - Basic earnings per share for the first three quarters of 2024 were 9.11 yuan, a decrease of 23.7% compared to 11.94 yuan in the same period of 2023[36] - Total cash and cash equivalents at the end of the first three quarters of 2024 were 2.22 billion yuan, a decrease of 15.4% compared to 2.62 billion yuan at the end of the same period in 2023[37] - Cash and cash equivalents at the end of the period decreased to 2,218,717,069.98 yuan from 2,377,636,433.82 yuan in the same period last year[38] - Long-term equity investments increased to 2,474,533,677.41 yuan from 2,150,458,973.88 yuan at the end of 2023[38] - Accounts receivable decreased to 34,286,265.23 yuan from 45,693,275.98 yuan at the end of 2023[38] - Other receivables increased to 96,618,106.47 yuan from 70,829,561.42 yuan at the end of 2023[38] - Prepayments decreased to 877,921.40 yuan from 1,158,216.36 yuan at the end of 2023[38] - Contract liabilities increased to 20,351,256.50 yuan from 19,695,860.98 yuan at the end of 2023[39] - Cash and cash equivalents at the end of the third quarter of 2024 were 153,568,767.05 RMB, a decrease from 207,307,610.98 RMB at the same time in 2023[45]