Core Insights - The domestic gaming industry in China is showing strong recovery, with 11 out of 26 listed companies reporting both revenue and profit growth in the first half of 2025, while 7 companies experienced declines [1] - The actual sales revenue of the domestic gaming market reached 168 billion yuan, a year-on-year increase of 14.08%, with the user base growing to nearly 679 million, marking historical highs [1] - Policy support has played a significant role in this recovery, with 766 domestic online games receiving approval in the first half of 2025, a 21.97% increase compared to the same period in 2024 [1] Group 1: Company Performance - Perfect World achieved a net profit of 503 million yuan in the first half of 2025, turning losses into profits, driven by game revenue contributions [3] - Icefire Network also turned losses into profits, with a significant reduction in sales expenses attributed to a shift in investment strategy towards refined operations [3] - G-bits reported an increase in net profit due to a major restructuring of its product lineup, focusing on core self-developed products and high-quality agency products [4] Group 2: Market Challenges - Not all companies benefited from the industry's growth; for instance, Zhangqu Technology reported a net profit of 48 million yuan, a decline of 65.58% due to the lifecycle of older products [5] - Shenzhou Taiyue's revenue fell by 12.05%, with a significant drop in game revenue attributed to the stabilization of previously high-growth titles [5] Group 3: AI Integration - Major gaming companies are increasingly integrating AI technology across the entire game development and distribution chain, enhancing production efficiency and creating competitive advantages [6][7] - 37 Interactive Entertainment reported that over 80% of its 2D art assets were generated using AI, significantly boosting production capabilities [6] - Century Huatong is focusing on computational power and has seen rapid growth in revenue and profit from its AI-related projects [7] Group 4: Future Outlook - The industry is shifting from scale expansion to deep integration of technology and content, with a focus on balancing short-term profitability and long-term technological investments [8][9] - Analysts emphasize the importance of technological upgrades, including AI applications, to enhance market competitiveness and drive sustainable value [8][9]

Summary of the Conference Call on the Gaming Sector Industry Overview - The gaming sector in A-shares has shown strong performance in August 2025, continuing a positive trend since the beginning of the month, significantly outperforming other sectors in September [2][3][5]. Key Companies and Products - **ST Huatuo**: - "Wild Survival" achieved over $200 million in global revenue in August, a 17% month-over-month increase, with overseas iOS and Google Play contributing over $150 million, up 21% [1][2]. - "King Shot" generated $77.6 million in August, a 26% increase [2]. - "Tasty Travels" maintained a steep growth trajectory, reaching nearly $10 million in August, with a 24% month-over-month increase [2]. - **Giant Network**: - "Supernatural" has shown outstanding performance since the first half of 2025, with domestic iOS revenue in August increasing by 73% [4]. - **G-bits**: - "Sword of the Hero" performed well in overseas markets, with a 62% month-over-month increase in Hong Kong, Macau, and Taiwan, and a 116% year-over-year increase in Japan [4]. - **Xindong Company**: - The performance was driven by older games, with "Xindong Town" reaching a new high in July due to anniversary celebrations and IP collaborations [1][4]. - **Perfect World**: - "P5X Persona" exceeded expectations in Japan, contributing significantly to revenue growth, with overseas revenue in July between 140 million to 150 million RMB, and around 80 million RMB in August [1][8]. Financial Performance - In Q2 2025, 25 major A-share gaming companies reported total revenue of 27.9 billion RMB, a 23% year-over-year increase and a 4% quarter-over-quarter increase, significantly outperforming the overall domestic gaming industry growth of 10% year-over-year and -4% quarter-over-quarter [11]. - Net profit attributable to shareholders totaled 4.6 billion RMB, a 100% year-over-year increase and a 25% quarter-over-quarter increase [11]. Profitability Metrics - The gaming sector's gross margin was 68% in Q2 2025, up 3 percentage points year-over-year and 2 percentage points quarter-over-quarter, attributed to high-quality products reducing reliance on traditional channels [3][12]. - Sales expense ratio remained stable at 33%, indicating that revenue growth was not solely dependent on user acquisition spending [3][13]. Future Outlook - The gaming sector is expected to continue its growth trajectory in the second half of 2025 and into 2026, driven by several factors: - Continued strong performance of existing popular games and new product launches [5][6]. - Expansion into international markets and new game releases, such as ST Huatuo's upcoming titles [5][6]. - Increasing demand for digital entertainment and technological advancements enhancing user experience [6]. - The valuation of the sector remains reasonable, with a central estimate below 20 times earnings, suggesting potential for continued outperformance [15]. Noteworthy Trends - The application of AI in game development and marketing is expected to enhance efficiency and quality, with significant portions of advertising content being produced by AI [15]. - Companies with strong product lines and forward-looking AI strategies, such as ST Huatuo, Giant Network, G-bits, and Perfect World, are recommended for attention [17]. Additional Insights - Older games have shown resilience, with several maintaining stable revenue streams, indicating a potential for sustained performance [7][10]. - The competitive landscape has improved, with companies leveraging community marketing and content-driven strategies to reduce traditional user acquisition costs [14]. This summary encapsulates the key points from the conference call regarding the gaming sector, highlighting the performance of specific companies, financial metrics, and future outlooks.

（文章来源：证券日报） 证券日报网讯 9月4日晚间，吉比特发布公告称，公司2025年第二次临时股东会于2025年9月4日召开， 审议通过了《关于取消监事会并修订及其附件的议案》。 ...

Group 1 - The average stock price of A-shares is 13.00 yuan, with 125 stocks priced over 100 yuan, a decrease of 16 from the previous trading day [1] - The Shanghai Composite Index closed at 3765.88 points, down 1.25%, while stocks priced over 100 yuan saw an average decline of 5.04%, underperforming the index by 3.79 percentage points [1] - The highest closing price among stocks over 100 yuan is Kweichow Moutai at 1472.66 yuan, down 0.53% [1] Group 2 - In the past month, stocks priced over 100 yuan have averaged an increase of 18.75%, outperforming the Shanghai Composite Index's increase of 5.78% [2] - The top performers among these stocks include Ying Shi Innovation, Hai Bo Si Chuang, and Kai Pu Yun, with increases of 108.14%, 81.29%, and 77.85% respectively [2] - Year-to-date, the average increase for stocks over 100 yuan is 64.45%, compared to the Shanghai Composite Index's 52.10% [2] Group 3 - The electronic industry has the highest representation among stocks over 100 yuan, with 40 stocks, accounting for 32.00% of the total [2] - The main board has 27 stocks, the ChiNext has 38, and the Sci-Tech Innovation Board has 57, making up 45.60% of the stocks priced over 100 yuan [2] - Twelve stocks priced over 100 yuan received "buy" ratings from institutions, including Zhongwei Company, Tuo Jing Technology, and Sai Li Si [2] Group 4 - Among the stocks with institutional buy ratings, BYD has the highest potential upside of 54.80%, with a target price of 161.00 yuan [3] - The second highest potential upside is for Haowei Group, with an upside of 53.57% [3] - A detailed list of high-priced stocks includes Kweichow Moutai, Han's Laser, and Jibite, with their respective latest closing prices and daily changes [3][4][5][6][7]

Group 1 - The legal opinion is issued by Haiwen & Partners regarding the legitimacy of the second extraordinary general meeting of Xiamen Gigabit Network Technology Co., Ltd. scheduled for September 4, 2025 [1][2] - The meeting was announced on August 20, 2025, through various financial news outlets and the Shanghai Stock Exchange website, detailing the time, location, and agenda [2][3] - The meeting utilized a combination of on-site and online voting, with the online voting period set for September 4, 2025, from 9:15 AM to 3:00 PM [3] Group 2 - A total of 7 shareholders attended the meeting, representing 29,859,350 shares, which accounts for 41.61% of the total voting shares [3][4] - The attendees were verified to be registered shareholders or their authorized representatives as of the record date of August 28, 2025 [3][4] - The voting process was conducted in accordance with the company's articles of association, and the results were deemed valid and legally effective [4]

证券代码：603444 证券简称：吉比特 公告编号：2025-036 厦门吉比特网络技术股份有限公司 一、会议召开和出席情况 (一)股东会会议召开的时间：2025 年 9 月 4 日 (二)股东会会议召开的地点：深圳市南山区龙珠四路 2 号方大城 T2 栋公司会议 室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 总数（已扣除公司回购专户股份数）的比例（%） (四)表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次会议由董事长卢竑岩先生主持，会议的召集、召开及表决方式符合《公 司法》《公司章程》及相关法律法规的规定。 (五)公司董事、监事和董事会秘书的出席情况 二、议案审议情况 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： ? 本次会议是否有否决议案：无 同意 反对 弃权 股东类型 票数 比例（%） 票数 比例（%） 票数 比例（%） A股 37,170,522 99.9575 10,100 0.0271 5,700 0.0154 (二)关于议案表决的有关情况说明 ...

Group 1 - The company held its second extraordinary general meeting of shareholders on September 4, 2025, where it approved the proposal to cancel the supervisory board and amend the company's articles of association, including the addition of one employee representative director [1][2] - Xu Shuai was elected as the employee representative director during the second employee representative assembly held on September 4, 2025, with his term starting from the date of the assembly's approval until the end of the sixth board's term [1][2] - Xu Shuai, born in 1993, holds a bachelor's degree and has been with the company since 2016, currently serving as the human resources manager [1][2] Group 2 - Xu Shuai does not hold any shares in the company and has no relationships with other directors, senior management, actual controllers, or shareholders holding more than 5% of the shares, complying with the relevant regulations [2] - After Xu Shuai's appointment, the total number of directors who are senior management and employee representatives does not exceed half of the total number of directors on the sixth board, in accordance with the regulatory guidelines [2]

徐帅先生，1993 年出生，中国国籍，无境外永久居留权，本科学历。2016 年加入公司，现任公司人力资源部经理。 徐帅先生未持有公司股份，与公司其他董事、高级管理人员、实际控制人及 持股 5%以上的股东不存在关联关系，不存在《上海证券交易所上市公司自律监 管指引第 1 号——规范运作》第 3.2.2 条所列不得担任上市公司董事的情形。 证券代码：603444 证券简称：吉比特 公告编号：2025-037 厦门吉比特网络技术股份有限公司 关于选举职工代表董事的公告 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。 厦门吉比特网络技术股份有限公司（以下简称"公司"）于 2025 年 9 月 4 日召开的 2025 年第二次临时股东会会议审议通过了《关于取消监事会并修订< 公司章程>及其附件的议案》，根据修订后的《公司章程》，公司增设 1 名职工代 表董事，由公司职工通过职工代表大会、职工大会或者其他形式民主选举产生， 无需提交股东会审议。 公司于 2025 年 9 月 4 日召开 2025 年第二次职工代表大会，会议一致决议 选举徐 ...

北京市海问（深圳）律师事务所 关于厦门吉比特网络技术股份有限公司 2025 年第二次临时股东会会议的法律意见书 致：厦门吉比特网络技术股份有限公司 根据《中华人民共和国证券法》、《中华人民共和国公司法》（以下统称"有 关法律"）及《厦门吉比特网络技术股份有限公司章程》（以下称"公司章程"） 的规定，北京市海问（深圳）律师事务所（以下称"本所"）受厦门吉比特网络 技术股份有限公司（以下称"公司"）的委托，指派本所律师列席 2025 年 9 月 4 日召开的公司 2025 年第二次临时股东会会议（以下称"本次会议"），对本次会 议召开的合法性进行见证，并依法出具本法律意见书。 在本法律意见书中，本所律师仅对本次会议召集和召开的程序、出席本次会 议现场会议人员的资格及表决程序是否符合有关法律和公司章程的规定以及本 次会议审议议案的表决结果是否有效发表意见，并不对本次会议所审议议案的内 容以及该等议案所表述的事实或数据的真实性和准确性发表意见。本所律师假定 公司提交给本所律师的资料（包括但不限于有关人员的居民身份证、股票账户卡、 授权委托书、营业执照、网络投票结果等）真实、完整，资料上的签字和/或印章 均是真实的，资 ...

证券代码：603444 证券简称：吉比特 公告编号：2025-036 厦门吉比特网络技术股份有限公司 2025年第二次临时股东会会议决议公告 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： 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东会会议召开的时间：2025 年 9 月 4 日 (二)股东会会议召开的地点：深圳市南山区龙珠四路 2 号方大城 T2 栋公司会议 室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 1、公司在任董事7人，出席7人，其中 3 人为公司独立董事； 1 2、公司在任监事3人，出席3人； | 1、出席会议的股东和代理人人数 | 237 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 37,186,322 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股份 总数（已扣除公司回购专户股份数）的比例（%） | 51.8230 | (四)表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次 ...