G-bits(SH:603444)2025-10-28 09:15Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,967,877,015, representing a year-on-year increase of 129.19%[6] - The total profit for the period was ¥865,818,768.2, a significant increase of 296.99% compared to the same period last year[6] - Net profit attributable to shareholders was ¥569,454,670.3, reflecting a year-on-year growth of 307.70%[6] - The net cash flow from operating activities increased by 236.14% year-on-year, amounting to ¥782,315,480.4[7] - The company's operating revenue for Q3 2025 reached approximately ¥1.97 billion, representing a 129.19% increase year-over-year[22] - Net profit attributable to shareholders for Q3 2025 was approximately ¥569.45 million, reflecting a 307.70% year-over-year increase[22] - The net profit after deducting non-recurring gains and losses for Q3 2025 was approximately ¥563.60 million, a 273.72% increase compared to the same period last year[22] - The net cash flow from operating activities for Q3 2025 was approximately ¥782.32 million, a 236.14% increase year-over-year[22] - The net profit for the first three quarters of 2025 reached CNY 1,507,823,743.75, a significant increase of 83.9% compared to CNY 818,989,387.82 in the same period of 2024[36] - Operating profit for the first three quarters of 2025 was CNY 1,816,758,960.34, up from CNY 953,413,819.11 in 2024, reflecting a growth of 90.5%[36] - The total comprehensive income for the first three quarters of 2025 was CNY 1,495,016,437.97, up from CNY 810,360,625.26 in 2024, reflecting an increase of 84.5%[37] Revenue Growth - The company launched several new games in 2025, contributing to increased revenue, including "杖剑传说 (大陆版)" and "道友来挖宝" which were released in May 2025[10] - The overseas gaming business generated ¥588 million in revenue from January to September 2025, a year-on-year increase of 59.46%[11] - The total revenue for the year-to-date period (January to September 2025) increased by 59.17% compared to the same period last year[22] - Total revenue for the first three quarters of 2025 reached ¥4,485,778,792.56, a significant increase of 59% compared to ¥2,818,281,672.62 in the same period of 2024[35] - Total revenue from sales of goods and services amounted to CNY 4,661,553,831.31, compared to CNY 3,023,594,107.97 in the previous year, indicating a growth of 54.3%[40] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,205,639,909, an increase of 18.52% from the end of the previous year[7] - Current assets totaled ¥5,544,787,040.59 as of September 30, 2025, compared to ¥4,288,792,155.47 at the end of 2024, indicating a growth of 29.3%[30] - Non-current assets amounted to ¥2,660,852,868.77 as of September 30, 2025, slightly up from ¥2,634,756,079.78 at the end of 2024[30] - Total liabilities as of September 30, 2025, were ¥1,801,877,026.60, up from ¥1,290,076,287.07 at the end of 2024, representing an increase of 39.5%[31] - Shareholders' equity totaled ¥6,403,762,882.76 as of September 30, 2025, compared to ¥5,633,471,948.18 at the end of 2024, reflecting a growth of 13.6%[32] Cash Flow - The cash flow from operating activities generated a net amount of CNY 1,859,020,368.12, compared to CNY 827,020,127.94 in the previous year, representing an increase of 125.0%[40] - The company's cash and cash equivalents as of September 30, 2025, were CNY 10.00 million, compared to CNY 126.46 million at the end of 2024, indicating a significant decline[44] - The cash inflow from operating activities was $279,755,836.71 in 2025, down from $304,790,016.06 in 2024, representing a decline of 8.2%[52] - The company reported a cash outflow from financing activities of $724,946,964.86 in 2025, compared to $375,267,853.18 in 2024, which is an increase of 93.1%[53] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,492[24] - The top shareholder, 卢竑岩, holds 29.72% of the shares, amounting to 21,412,615 shares[24] Research and Development - Research and development expenses increased to CNY 639,273,647.12 in 2025 from CNY 583,437,384.80 in 2024, marking a rise of 9.6%[36] - Research and development expenses for the first three quarters of 2025 amounted to CNY 98.30 million, a decrease of 4.5% from CNY 103.39 million in the same period of 2024[49] Other Financial Metrics - The company experienced a foreign exchange loss of ¥22.68 million in the first nine months of 2025, compared to a loss of ¥6.21 million in the same period last year[15] - Non-recurring gains and losses included government subsidies amounting to ¥1,270,969.55 for the current period[19] - The company reported a decrease in financial expenses, with interest expenses at CNY 994,867.57 in 2025 compared to CNY 1,296,474.67 in 2024, a reduction of 23.4%[36] - The company's other comprehensive income for the first three quarters of 2025 was CNY 607.63 million, compared to CNY -69.34 million in the same period of 2024, showing a positive turnaround[51] - The company did not apply new accounting standards for the first time in 2025[55]