G-bits(SH:603444) Mei Ri Jing Ji Xin Wen·2025-08-19 16:40Core Viewpoint - Jibite's half-year report for 2025 shows significant growth in revenue and profit, driven by new game releases and strong cash flow, alongside a substantial dividend distribution to shareholders [3][4][8]. Financial Performance - In the first half of 2025, Jibite achieved operating revenue of 2.518 billion yuan, a year-on-year increase of 28.49% - The net profit attributable to shareholders was 645 million yuan, reflecting a growth of 24.50% - The net cash flow from operating activities reached 1.077 billion yuan, up by 81.18% [3]. Dividend Distribution - Jibite plans to distribute a cash dividend of 66 yuan per 10 shares (tax included), totaling approximately 474 million yuan, which represents 73.46% of the net profit for the period - Since its listing in 2017, the company has distributed over 6 billion yuan in dividends, with a notable single dividend of 160 yuan per 10 shares in 2021 [3][8]. Product Development and Strategy - The company launched two self-developed games, "Zhang Jian Chuan Shuo" and "Wen Jian Chang Sheng," in the first half of 2025, contributing to revenue and profit growth - Classic IP games continue to be updated, enhancing player experience and supporting long-term growth [4][6]. - Future R&D investments will focus on three project categories: commercially successful projects, projects that are fun but may not be profitable, and technology exploration projects [7]. Operational Efficiency - Jibite's self-operated platform, Thunder Games, has effectively supported the performance of both self-developed and agency products through accumulated operational capabilities [6]. - The company aims to concentrate resources on core product operations and user services to enhance operational efficiency [7]. Market Position - As of August 19, 2025, Jibite's stock closed at 382.90 yuan per share, with a total market capitalization of 27.6 billion yuan [9][10].