研报掘金丨国元证券：维持吉比特“买入”评级，《杖剑传说》海内外表现优异

Core Viewpoint - The report from Guoyuan Securities highlights the strong revenue and profit performance of Jibite in the first half of 2025, boosted by interim dividends and the successful launch of new games [1] Group 1: Financial Performance - In the second quarter of 2025, the games "Zhangjian Chuanqi (Mainland Version)" and "Wanjian Changsheng (Mainland Version)" contributed significantly to revenue growth [1] - The company reported a total revenue of 424 million yuan from its new titles by the end of June, showcasing strong performance both domestically and internationally [1] Group 2: Product Development - The company launched two new games in the first half of 2025: a 3D idle cultivation game "Wanjian Changsheng" and a Japanese fantasy-themed MMORPG "Zhangjian Chuanqi" [1] - "Zhangjian Chuanqi" achieved an average ranking of 18 in the mainland App Store game sales chart and reached the top position in the App Store sales chart for Hong Kong, Macau, and Taiwan [1] Group 3: Strategic Outlook - The company adheres to a "small steps, quick runs" strategy, focusing on stable long-term operations of core products while ensuring new releases perform well [1] - The successful performance of new products is expected to contribute positively to the company's financial results, with steady progress in overseas expansion [1]