Investment Rating - The investment rating for the company is "Buy" and is maintained [7] Core Views - The company achieved a revenue of 1.382 billion yuan in Q2 2025, representing a year-on-year increase of 33.89%, and a net profit attributable to shareholders of 361 million yuan, up 36.64% year-on-year [2][4] - The newly launched game "Legend of the Staff" significantly contributed to revenue, generating 424 million yuan in Q2 2025, while the long-term product "Wandao Mobile Game" showed stable performance [2][10] - The company has a strong pipeline of upcoming games, including "Wanjian Changsheng (Overseas)" and "Jiuzhou's Wild," and is focusing on the revenue trends of core products and the testing and launch schedule of new games [2][10] Summary by Sections Financial Performance - In H1 2025, the company reported a total revenue of 2.518 billion yuan, a year-on-year increase of 28.49%, and a net profit of 645 million yuan, up 24.50% year-on-year [4] - The Q2 2025 results included a revenue of 1.382 billion yuan, a net profit of 361 million yuan, and a non-deductible net profit of 373 million yuan, with year-on-year increases of 33.89%, 36.64%, and 41.00% respectively [4] Game Performance - The new game "Legend of the Staff" launched at the end of May contributed significantly with a revenue of 424 million yuan in Q2 2025 [10] - The game "Wandao Mobile Game" achieved a revenue of 630 million yuan in Q2 2025, showing a year-on-year decline of 0.2% but a quarter-on-quarter increase of 42.9% [10] - The self-developed mini-program game "Friends Come to Dig Treasure" has been performing strongly, consistently ranking in the top 5 of the mini-game sales list [10] Future Outlook - The company has an unamortized recharge and item balance of 567 million yuan as of June 30, 2025, indicating potential future revenue growth [10] - The company plans to launch several new games, including "Jiuzhou's Wild," which has received approval for its version number, and "Wanjian Changsheng," which is set to launch in regions such as Hong Kong and South Korea in H2 2025 [10] - The company has a strong commitment to shareholder returns, with a proposed cash dividend of 474 million yuan, accounting for approximately 73.5% of net profit [10] Profit Forecast - The company is expected to achieve net profits of 1.55 billion yuan and 1.81 billion yuan in 2025 and 2026, respectively, corresponding to price-earnings ratios of 17.8 and 15.3 times [10]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company's Q2 performance exceeded expectations, with new products expected to drive growth for the entire year [3] - The company announced a cash dividend of 66.00 yuan per 10 shares, totaling 474 million yuan, which represents 73.46% of the net profit attributable to shareholders for H1 2025 [7] - The company has a rich product matrix for 2025, with anticipated contributions from new products in Q3 and Q4, leading to expected profit growth [14] Financial Performance Summary - For H1 2025, the company achieved revenue of 2.518 billion yuan, a year-over-year increase of 28.49%, and a net profit of 645 million yuan, up 24.50% year-over-year [9][10] - In Q2 2025, the company reported revenue of 1.382 billion yuan, a year-over-year increase of 33.89% and a quarter-over-quarter increase of 21.71% [10] - The net profit for Q2 2025 was 361 million yuan, reflecting a year-over-year increase of 36.64% and a quarter-over-quarter increase of 27.55% [10] Future Projections - The company is projected to achieve revenues of 5.230 billion yuan in 2025, 5.753 billion yuan in 2026, and 6.230 billion yuan in 2027, with net profits of 1.561 billion yuan, 1.727 billion yuan, and 1.855 billion yuan respectively [14][15] - The expected growth rates for revenue and net profit in 2025 are 42% and 65% respectively [13][14]

分红多募资少。 A股市场下起"红包雨"，现金分红成为主流。 根据Wind数据，截至8月21日收盘，已有160家上市公司披露了2025年中期分红预案，仅20日晚间就有 23家公告了分红预案。其中，牧原股份（002714.SZ）的分红计划受到市场关注，该公司拟每10股派发 现金红利9.32元，分红金额超过50亿元。 此前的8月19日晚间，吉比特（603444.SH）、福耀玻璃（600660.SH）公告，每10股拟派发现金红利分 别为6.6元、0.9元，拟派发现金4.74亿元、23.49亿元。这两只股票的共同点在于，上市以来的分红总额 已超过实际募资总额。 其中，福耀玻璃是分红融资比排名前十的公司之一。依据Wind数据计算，贵州茅台（600519.SH）、山 西汾酒（600809.SH）、宁沪高速（600377.SH）、兖矿能源（600188.SH）、五粮液（000858.SZ）、 达安基因（002030.SZ）、格力电器（000651.SZ）、江铃汽车（000550.SZ）、重庆啤酒（600132.SH） 是另外9家，前十大"分红王"的分红融资比均超过24倍。其中，贵州茅台分红融资比超150倍，这意味着 每募集1 ...

格隆汇8月21日丨吉比特(603444.SH)公布，因个人资金需求，陈拓琳拟通过上海证券交易所集中竞价交 易方式减持公司股份数量不超过25万股，即不超过公司当前总股本的0.3470%，自本减持计划公告发布 之日起15个交易日后的3个月内实施。 ...

Core Viewpoint - The company reported strong revenue and profit growth for the first half of 2025, driven by new game launches and a solid performance from mature products [2][3]. Group 1: Financial Performance - In H1 2025, the company achieved revenue of 2.518 billion yuan, a year-on-year increase of 28.49% [2]. - The net profit attributable to shareholders reached 645 million yuan, up 24.50% year-on-year, while the net profit excluding non-recurring items was 648 million yuan, reflecting a 40.02% increase [2]. - For Q2 2025, the company reported revenue of 1.382 billion yuan, a 33.89% increase year-on-year, with a net profit of 361 million yuan, up 36.64% [2]. - The company announced a cash dividend of 66.00 yuan per 10 shares (including tax) [2]. Group 2: Product Performance - The company launched two new games, "Wanjian Changsheng" and "Zhangjian Chuanqiao," which contributed significantly to revenue growth [3]. - "Wanjian Changsheng" generated a total revenue of 566 million yuan in H1 2025, with an average ranking of 63 on the App Store game sales chart [3]. - "Zhangjian Chuanqiao" performed well, achieving a revenue of 424 million yuan by the end of June 2025, with an average ranking of 18 on the mainland App Store and reaching the top position in the Hong Kong, Macau, and Taiwan App Store [3]. - Classic products like "Wandao Mobile" and "Yinian Xiaoyao" maintained stable operations, with "Wandao Mobile" generating 1.071 billion yuan, a decrease of 7.25% year-on-year [3]. Group 3: Investment Outlook - The company is expected to continue its "small steps, fast running" strategy, with new products likely to contribute to performance growth and steady overseas expansion [4]. - The profit forecast for 2025-2027 has been raised, with expected net profits of 1.458 billion yuan, 1.675 billion yuan, and 1.803 billion yuan, respectively [4]. - Corresponding EPS is projected to be 20.2, 23.3, and 25.0 yuan, with PE ratios of 22x, 19x, and 18x [4].

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% compared to the benchmark index [3][9]. Core Insights - The company reported strong performance in H1 2025, with revenue reaching 2.518 billion yuan, a year-on-year increase of 28.49%, and a net profit attributable to shareholders of 645 million yuan, up 24.50% year-on-year [1][3]. - The successful launch of new games, particularly "杖剑传说" and "问剑长生," contributed significantly to revenue growth, with the latter achieving a total revenue of 566 million yuan in H1 2025 [2][3]. - The company has a solid product lineup, with classic titles maintaining stable operations, and plans for further game launches in H2 2025 [2]. Financial Performance Summary - In Q2 2025, the company achieved revenue of 1.382 billion yuan, a 33.89% increase year-on-year, and a net profit of 361 million yuan, up 36.64% year-on-year [1]. - The company’s expense ratios for sales, management, and R&D in H1 2025 were 33.22%, 8.19%, and 14.17%, respectively, reflecting a rise in sales expenses due to new game launches [1]. - The company announced a cash dividend of 66.00 yuan per 10 shares (including tax) to all shareholders, boosting investor confidence [1]. Earnings Forecast - The company is expected to achieve net profits of 1.458 billion yuan, 1.675 billion yuan, and 1.802 billion yuan for the years 2025, 2026, and 2027, respectively, with corresponding EPS of 20.24 yuan, 23.26 yuan, and 25.02 yuan [3].

证券代码：603444 证券简称：吉比特 公告编号： 2025-034 厦门吉比特网络技术股份有限公司 5%以上股东、董事减持股份计划公告 本公司董事会、全体董事及相关股东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： 5%以上股东及董事持股的基本情况：截至本公告披露日，厦门吉比特网 络技术股份有限公司（以下简称"公司"或"吉比特"）副董事长陈拓琳持有公 司无限售条件流通股 8,240,025 股，占公司总股本的 11.4379%。 减持计划的主要内容：因个人资金需求，陈拓琳拟通过上海证券交易所 集中竞价交易方式减持公司股份数量不超过 250,000 股，即不超过公司当前总股 本的 0.3470%，自本减持计划公告发布之日起 15 个交易日后的 3 个月内实施。 公司于 2025 年 8 月 20 日收到副董事长陈拓琳出具的《关于股份减持计划 的告知函》，现将有关情况公告如下： 一、减持主体的基本情况 | 股东名称 | 陈拓琳 | | | | --- | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行 ...

吉比特公告，副董事长兼持股11.4379%的5%以上股东陈拓琳因个人资金需求，拟自2025年9月15日至 2025年12月14日，通过集中竞价方式减持不超过25万股，占公司总股本0.3470%；其当前持有824万 股，全部来源于IPO前取得。 ...

Market Overview - The average stock price of A-shares is 13.08 yuan, with 127 stocks priced over 100 yuan, a decrease of 7 from the previous trading day [1] - The Shanghai Composite Index closed at 3771.10 points, up 0.13%, while stocks priced over 100 yuan had an average decline of 0.35%, underperforming the index by 0.48 percentage points [1] Performance of High-Value Stocks - In the past month, stocks priced over 100 yuan have averaged a 20.70% increase, compared to a 6.69% rise in the Shanghai Composite Index [2] - The top performers in this category include Chunzong Technology, Siquan New Materials, and Northern Long Dragon, with increases of 146.07%, 139.15%, and 94.44% respectively [2] - Year-to-date, the average increase for these high-value stocks is 63.90%, outperforming the index by 51.39% [2] Industry Distribution - The high-value stocks are concentrated in the electronics, computer, and pharmaceutical industries, with 38 stocks from electronics (29.92%), 18 from computers (14.17%), and 16 from pharmaceuticals (12.60%) [2] - Among the high-value stocks, 28 are from the main board, 39 from the ChiNext board, 5 from the Beijing Stock Exchange, and 55 from the Sci-Tech Innovation Board, with the latter accounting for 43.31% of the total [2] Institutional Ratings - Eight stocks priced over 100 yuan received "buy" ratings from institutions, including Wancheng Group, Naxin Micro, and Lexin Technology, with Lexin Technology being newly covered by institutions [2] - Among the rated stocks, Kingsoft Office has the highest potential upside of 33.49%, with a target price of 400.00 yuan, followed by Wancheng Group at 25.32% [3] High-Value Stock List - The highest closing price among high-value stocks is Kweichow Moutai at 1448.25 yuan, followed by Cambrian and G-bits at 1036.00 yuan and 442.91 yuan respectively [3] - The performance of high-value stocks shows a mix of gains and losses, with notable gainers including Haoubo and Zhaoyi Innovation, while major decliners include Haitan Ruisheng and Guangsheng Tang [1][3]

证券之星消息，8月21日游戏板块较上一交易日上涨1.73%，吉比特领涨。当日上证指数报收于3771.1， 上涨0.13%。深证成指报收于11919.76，下跌0.06%。游戏板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 603444 | 吉比特 | 442.91 | 5.16% | 3.74万 | | 16.34亿 | | 002602 | ST华道 | 14.09 | 4.99% | 180.02万 | | 25.01亿 | | 002558 | 巨人网络 | 30.00 | 4.28% | 49.92万 | | 14.69亿 | | 300052 | ST中青宝 | 11.77 | 4.16% | 22.64万 | | 2.68亿 | | 002517 | 恺英网络 | 20.89 | 3.31% | 59.43万 | | 12.30亿 | | 603258 | 电魂网络 | 23.28 | 1.35% | 7.39万 | | 1.71亿 | | 60 ...