Summary of G-bits Conference Call Company Overview - **Company**: G-bits - **Industry**: Mobile and PC Gaming Key Points and Arguments Financial Performance - **Mobile Game Performance**: - "Ask the Dao Mobile Game" experienced a slight year-on-year decline but remained stable quarter-on-quarter. No significant growth was observed in November 2024 due to lack of special services [2][6] - "Friends Digging Treasure" had an average monthly revenue of less than 100 million RMB in Q3 and Q4, showing no significant changes [2][6] - "Ask the Dao PC Game" saw a moderate year-on-year decline from October to November, potentially due to version updates and post-pandemic user shifts [2][6] New Game Releases - **"Sword Legend"**: - Domestic version saw a slight decline in Q3 but did not meet expected stability; overseas versions in Hong Kong, Macau, and Japan showed similar trends [2][6] - Expected revenue for Q4 2025 is between 150 to 200 million RMB, with total revenue projected around 300 million RMB including overseas markets [2][9] - **New Game User Retention**: - A new game showed a slight decline in user retention, prompting design and gameplay adjustments, with a new version planned for January 2026 [2][8] - Compared to "One Thought of Immortality," the new game performed poorly, with September and October activities failing to significantly boost revenue [2][8] Revenue Structure and Marketing Strategy - **Revenue Changes**: - Significant changes in revenue structure were noted for "Friends Digging Treasure" since its launch, with high revenue sharing percentages from platforms like Tencent and Apple [3][4] - G-bits focuses on iOS for new game promotions, utilizing KOLs and KOCs for community marketing, with controlled costs and no reliance on high-profile celebrity endorsements [3][13][14] User Engagement and Retention - **User Feedback**: - "Longing for the Wild" received positive feedback from core users, but broader user performance remains uncertain [3][17] - The company aims to balance long-term operations and profitability while assessing the impact of new games on existing IPs [3][7] Operational Adjustments - **Team Structure**: - The company has seen a reduction in employee numbers from approximately 1,400 to around 1,100 due to project terminations, retaining core talent for new projects [22][23] - The issuance team remains stable, with a focus on competitive internal structures to enhance project outcomes [15][27] Future Outlook - **Financial Projections**: - New products are expected to have limited short-term profit contributions due to initial investment phases, with a gradual increase in revenue anticipated [12][19] - The company plans to conduct regular evaluations of project performance, leading to frequent but minor adjustments in strategy [24] Market Positioning - **Competitive Landscape**: - The Japanese market shows good potential for user lifecycle payments, but initial payments are low, with no immediate improvements [10] - The company is cautious about expanding into other regions until existing markets are stabilized [10] Conclusion - G-bits is navigating a challenging gaming landscape with mixed performance across its titles, focusing on strategic adjustments in marketing, user engagement, and operational efficiency to enhance profitability and market presence [2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31]

12月2日，吉比特跌0.86%，成交额4.54亿元。两融数据显示，当日吉比特获融资买入额3337.05万元， 融资偿还3410.65万元，融资净买入-73.59万元。截至12月2日，吉比特融资融券余额合计10.63亿元。 融资方面，吉比特当日融资买入3337.05万元。当前融资余额10.58亿元，占流通市值的3.35%，融资余 额超过近一年80%分位水平，处于高位。 截至9月30日，吉比特股东户数1.65万，较上期减少8.04%；人均流通股4368股，较上期增加8.74%。 2025年1月-9月，吉比特实现营业收入44.86亿元，同比增长59.17%；归母净利润12.14亿元，同比增长 84.66%。 分红方面，吉比特A股上市后累计派现69.20亿元。近三年，累计派现33.48亿元。 机构持仓方面，截止2025年9月30日，吉比特十大流通股东中，香港中央结算有限公司位居第三大流通 股东，持股690.38万股，相比上期减少7.00万股。华夏中证动漫游戏ETF（159869）位居第六大流通股 东，持股124.56万股，相比上期增加24.17万股。中欧互联网混合A（010213）位居第九大流通股东，持 股66.72 ...

Meeting Announcement - The company will hold its third extraordinary general meeting of 2025 on December 18, 2025 [1][21] - The meeting will utilize a combination of on-site and online voting methods [1][21] - The on-site meeting will take place at the company's conference room in Shenzhen [1][12] Voting Procedures - Shareholders can vote through the Shanghai Stock Exchange's online voting system during specified trading hours on the meeting day [1][2] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts [3][4] - Voting must be completed for all proposals before submission [5] Attendance - Shareholders registered by the close of trading on the registration date are eligible to attend the meeting [6] - The meeting will also be attended by the company's directors, senior management, and appointed lawyers [6][7] Registration Details - Registration for the on-site meeting will occur on December 16, 2025, from 9:00 to 18:00 [12] - Attendees must present identification and relevant documentation for verification [10][11] Meeting Agenda - The meeting will review proposals previously approved by the board, including the shareholder return plan for 2025-2027 and the director remuneration management system [18][19][20]

Group 1 - The core point of the article is that G-bits (SH 603444) held its sixth board meeting on December 1, 2025, to discuss the proposal for establishing a director remuneration management system [1] - For the year 2024, G-bits' revenue composition is as follows: game revenue accounts for 98.75%, other revenue for 0.76%, and other business for 0.49% [1] - As of the time of reporting, G-bits has a market capitalization of 31.8 billion yuan [1]

厦门吉比特网络技术股份有限公司 董事薪酬管理制度 第一章 总则 第一条 为加强厦门吉比特网络技术股份有限公司（以下简称"公司"）董 事的薪酬管理，健全公司薪酬管理体系，根据《上市公司治理准则》等有关法 律、行政法规、部门规章、规范性文件及《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》"）的规定，结合公司实际情况，制定本制 度。 第二条 本制度适用于公司董事，包含独立董事与非独立董事。 第三条 公司董事薪酬应当与市场发展相适应，与公司可持续发展相协调。 第二章 管理机构 第四条 公司董事会薪酬与考核委员会负责制定公司董事的薪酬方案，明确 薪酬确定依据和具体构成；负责对本制度执行情况进行监督。 第五条 公司董事薪酬方案由股东会决定，并予以披露。在董事会或者薪酬 与考核委员会对董事个人进行评价或者讨论其报酬时，该董事应当回避。 第六条 若公司发生亏损，应当在董事薪酬审议各环节特别说明董事薪酬变 化是否符合业绩联动要求。 （2025年12月制定） （二）非独立董事在公司担任其他职务的，按照其所担任的职务与岗位责 1 任确定薪酬标准，不再另外领取董事津贴。 第八条 公司董事薪酬均为税前金额，个人所得税 ...

厦门吉比特网络技术股份有限公司 未来三年（2025-2027 年）股东回报规划 为建立持续、稳定的股东回报机制，保护投资者合法权益，厦门吉比特网 络技术股份有限公司（以下简称"公司"）董事会根据《上市公司监管指引第 3 号——上市公司现金分红》等有关法律法规和《公司章程》的相关规定，结 合公司实际发展情况，制定了未来三年（2025-2027 年）的股东回报规划（以 下简称"本规划"），具体内容如下： 一、股东回报规划制定的考虑因素 为推动公司实现长远可持续发展，本规划的制定综合考虑了公司所处市场 环境及行业特征、公司未来发展战略规划、公司盈利能力及现金流状况等因 素，旨在确保利润分配政策的连续性和稳定性，进一步健全公司分红决策与监 督机制，并助力投资者形成长期、稳定的投资预期。 二、股东回报规划的制定原则 公司制定股东回报规划，或后续因外部经营环境或者公司自身经营状况发 生较大变化而需要调整本规划的，应按照有关法律法规及《公司章程》的相关 规定，并充分听取独立董事和中小股东的意见和建议。 公司应综合考虑投资者的合理投资回报及公司可持续发展需要，在保证公 司持续经营能力不受影响的前提下，制定并实施合理的利润分配 ...

重要内容提示： 股东会会议召开日期：2025年12月18日 本次股东会会议采用的网络投票系统：上海证券交易所股东会网络投票系统 一、召开会议的基本情况 (一) 股东会会议类型和届次 2025年第三次临时股东会会议 (二) 股东会会议召集人：董事会 (三) 投票方式：本次股东会会议所采用的表决方式是现场投票和网络投票 相结合的方式 (四) 现场会议召开的日期、时间和地点 证券代码：603444 证券简称：吉比特 公告编号：2025-046 厦门吉比特网络技术股份有限公司 关于召开2025年第三次临时股东会会议的通知 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。 召开的日期时间：2025 年 12 月 18 日 15 点 00 分 召开地点：深圳市南山区龙珠四路 2 号方大城 T2 栋 17 楼公司会议室 (五) 网络投票的系统、起止日期和投票时间 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 12 月 18 日至2025 年 12 月 18 日 1 采用上海证券交易所网络投票系统，通过交易系 ...

证券代码：603444 证券简称：吉比特 公告编号：2025-045 厦门吉比特网络技术股份有限公司 第六届董事会第九次会议决议公告 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。 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 2025 年 11 月 27 日以电子邮件方式发出召开第六届董事会第九次会议的通知，并于 2025 年 12 月 1 日以通讯方式在公司会议室召开会议（经全体董事同意豁免会议通知时间要 求）。本次会议应出席董事共 8 名，实际出席会议董事 8 名。公司全体高级管理 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》《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 （一）董事会以 8 票同意、0 票反对、0 票弃权审议通过了《关于制定<公 司未来三年（2025-2027 年）股东回报规划>的议案》。 为建立持续、稳定的股东回报机制，保护投资者合法权益，公司董事会根 ...

Investment Rating - The report indicates a positive investment outlook for the gaming industry, driven by increased licensing approvals and the acceleration of AI integration [1]. Core Insights - The gaming industry is experiencing a sustained upward trend in market sentiment, supported by a combination of high license issuance and advancements in AI technology [1][19]. - The report highlights a significant increase in daily login frequency among players, rising from 3.2 times to 5.7 times, although the average session duration has decreased to 12 minutes, indicating a shift towards more fragmented gaming experiences [19]. - Game developers are responding to these trends by focusing on lightweight products, such as mini-games, which require lower investment and allow for flexible testing [19]. - The report emphasizes the importance of cross-platform experiences and global expansion, as evidenced by recent updates to major game titles and a stable policy environment for international game releases [19]. - AI technology is being leveraged to enhance both development and operational efficiency, with companies like Gigabit and Kaineng Network showcasing significant advancements in cost reduction and development speed [20]. - The report suggests that the combination of supportive policies, industry recovery, and rapid AI implementation constitutes a robust driving force for the gaming sector [20]. Market Review - The social services sector ranked sixth in the weekly performance of Shenwan's primary industry sectors, with a weekly increase of 3.92% [9]. - The report provides a detailed analysis of the performance of various sub-sectors within the social services industry, highlighting both individual stock performances and overall market trends [9][14]. Industry News Dynamics - Recent initiatives in Shanghai aim to stimulate youth economic development through educational programs, reflecting a broader trend of integrating cultural and economic activities [21]. - The launch of the Beijing-Zhangjiakou ice and snow cultural tourism season illustrates the growing emphasis on combining cultural experiences with tourism to drive economic growth [21]. - The report notes the increasing adoption of AI in cultural heritage education, showcasing innovative projects that enhance engagement and learning through technology [21].

Investment Rating - The investment rating for the media industry is "Positive (Maintain)" [1] Core Insights - The report highlights a significant increase in the approval of domestic game licenses, with 178 domestic games and 6 imported games approved in November, marking a new monthly high for the year. A total of 1,532 domestic game licenses have been issued in 2025, indicating a robust supply for new game releases [3][4] - The film market is showing signs of recovery, driven by the success of "Zootopia 2," which has grossed over 1.89 billion yuan in the mainland, with a projected final box office of 4.263 billion yuan. Upcoming films are expected to further boost box office revenues [4][5] - The report emphasizes the ongoing development and commercialization of AI applications, particularly in gaming, advertising, and content creation, suggesting continued investment in these sectors [3][4] Summary by Sections Industry Data Overview - "仙逆 H5" ranks first in the iOS free game chart, while "和平精英" leads the iOS revenue chart as of November 29, 2025 [10][14] - The report notes that "明日方舟：终末地" is the top-ranked game in the Android pre-registration chart, and "逆战：未来" leads the iOS pre-registration chart [21][23] Industry News Overview - The report discusses advancements in AI models, including the release of Claude Opus 4.5, which enhances coding and agent capabilities, and the rapid deployment of AI products by Alibaba [31][32] - The gaming market remains vibrant, with a notable increase in the issuance of domestic game licenses, indicating sustained high demand [31][32] Company Recommendations - The report recommends continued investment in AI gaming, AI advertising, AI animation, AI e-commerce, and AI design sectors, highlighting key companies such as 恺英网络, 巨人网络, and 腾讯控股 as beneficiaries [3][4]