G-bits(603444)2025-03-27 09:00Dividend and Profit Distribution - The company plans to distribute a cash dividend of 35.00 CNY per 10 shares, amounting to a total cash dividend of approximately 718 million CNY for the year 2024, which represents 75.94% of the net profit attributable to shareholders[6]. - Since its IPO in January 2017, the cumulative cash dividend has reached 6.016 billion CNY, which is 6.69 times the net proceeds from the initial public offering[6]. - The board of directors is authorized to decide on the cash dividend plan for the mid-term of 2025, contingent on the company being profitable and having positive retained earnings[6]. Financial Performance - The company's operating revenue for 2024 was approximately ¥3.70 billion, a decrease of 11.69% compared to ¥4.18 billion in 2023[27]. - Net profit attributable to shareholders for 2024 was approximately ¥944.92 million, down 16.02% from ¥1.13 billion in 2023[27]. - The total revenue from self-developed games, including "Wandao" PC game, "Wandao Mobile," and "Yinian Xiaoyao (Mainland Version)," was approximately ¥3.79 billion in 2024, a decline of 14.92% from ¥4.45 billion in 2023[28]. - The company's total assets at the end of 2024 were approximately ¥6.92 billion, an increase of 4.32% from ¥6.64 billion at the end of 2023[27]. - Basic earnings per share for 2024 decreased by 15.87% to CNY 13.15 compared to CNY 15.63 in 2023[41]. Revenue Growth and User Engagement - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a year-over-year growth of 15%[19]. - Daily Active Users (DAU) reached 5 million, indicating a 20% increase compared to the previous quarter[18]. - The peak concurrent users (PCU) for the flagship game reached 1.2 million, a 30% increase from the last quarter[18]. - The company plans to expand its market presence by launching three new mobile games in the next fiscal year, targeting a 25% increase in user engagement[19]. Research and Development - The company is investing 200 million RMB in research and development for new technologies, focusing on AI and 5G integration in gaming[19]. - Research and development expenses increased by 11.52% to ¥757,625,465.26, reflecting a rise in the number of R&D personnel[116]. - The company aims to enhance game development efficiency by applying AI technology across various stages of game production[161]. Strategic Partnerships and Market Expansion - A strategic partnership was formed with a leading tech firm to enhance game distribution channels, expected to boost revenue by 10%[19]. - The company is exploring potential acquisitions of smaller gaming studios to diversify its portfolio and expand its market share[19]. - The company is exploring innovative marketing strategies such as e-commerce live streaming and targeted advertising to reduce reliance on traditional "buying traffic" methods[109]. Governance and Compliance - The board of directors consists of 7 members, including 3 independent directors, complying with relevant regulations[182]. - The company has established four specialized committees under the board: Strategy Committee, Audit Committee, Nomination Committee, and Compensation and Assessment Committee[182]. - The company has not been subject to penalties from securities regulatory agencies in the past three years[195]. Risk Management - The company emphasizes the importance of risk factors, including industry and market risks, which are detailed in the management discussion and analysis section[10]. - The company is aware of foreign exchange risks due to its revenue being primarily settled in USD, and it plans to monitor and hedge against significant currency fluctuations[176][177]. User Experience and Community Engagement - The company has established a comprehensive customer service system, including 24-hour support and AI-driven self-service options, to enhance user experience[111]. - The official community platform "Thunder Game Membership Center" was launched in November 2022, providing a one-stop service for players and facilitating better understanding of player needs[111]. - The company continues to explore diverse user operation strategies, including live streaming and community engagement, to enhance user experience and retention[62]. Future Outlook - The company has set a performance guidance of 1.5 billion RMB in revenue for the next quarter, reflecting a 25% growth target[19]. - The company plans to launch a new 3D game titled "问剑长生" in January 2025, continuing its focus on product development[51]. - The upcoming game "Zhangjian Chuan Shuo" (code M88) is set to launch in the first half of 2025, while "Jiumu Zhi Ye" is planned for the second half of 2025[70][73].