G-bits(SH:603444) Xin Lang Cai Jing·2025-08-22 06:30Financial Performance - In Q2 2025, the company achieved revenue of 1.382 billion yuan, a year-on-year increase of 34% [1] - The net profit attributable to shareholders was 361 million yuan, up 37% year-on-year [1] - The net profit excluding non-recurring items reached 373 million yuan, reflecting a 41% year-on-year growth [1] - The operating cash flow for Q2 2025 was 864 million yuan, showing a significant increase of 138% year-on-year [1] - The company plans to distribute cash dividends of 474 million yuan (before tax), accounting for 73.46% of the net profit attributable to shareholders for the period [1] Product Performance - The new product "Zhang Jian Chuan Shuo" generated over 420 million yuan in revenue in its first month, contributing significantly to Q2 2025 performance [2] - The existing product "Wen Dao" maintained stable revenue of 630 million yuan in Q2 2025, with a 43% increase compared to the previous quarter [2] - The product "Wen Jian Chang Sheng" saw a revenue of 203 million yuan in Q2 2025, which was a 44% decrease quarter-on-quarter [2] - The gross margin for Q2 2025 reached 93.5%, an increase of 6.2 percentage points year-on-year, marking a five-year high [2] Market Expansion - The overseas performance of "Zhang Jian Chuan Shuo" has been strong, ranking in the top 5 on iOS charts in Hong Kong and Taiwan, and 31st in Japan as of August 20 [3] - The self-developed mini-game "Dao You Lai Wa Bao" has maintained a top 6 position in the WeChat mini-game sales chart since July [3] - The company has completed paid testing for the new SLG product "Jiu Mu Zhi Ye" and plans to launch "Wen Jian Chang Sheng" overseas in the second half of 2025 [3] Future Outlook - The company expects revenue for 2025-2027 to be 5.692 billion, 6.230 billion, and 6.903 billion yuan, representing year-on-year growth of 54.02%, 9.45%, and 10.79% respectively [4] - The net profit attributable to shareholders is projected to be 1.613 billion, 1.845 billion, and 2.043 billion yuan for the same period, with year-on-year growth of 70.73%, 14.39%, and 10.69% respectively [4] - The corresponding price-to-earnings ratios are expected to be 17, 15, and 14 times for the years 2025, 2026, and 2027 [4]