G-bits(SH:603444) Hua Xia Shi Bao·2025-10-29 15:53Core Insights - Jibite's net profit surged and the company announced significant dividends, with its stock price doubling this year [2][3] Financial Performance - For the first three quarters, Jibite reported revenue of 4.486 billion yuan, a year-on-year increase of 59.17%, and a net profit of 1.214 billion yuan, up 84.66% [3][4] - In Q3 alone, revenue reached 1.968 billion yuan, marking a 129% year-on-year growth and a 42.37% quarter-on-quarter increase [4] - The company plans to distribute a cash dividend of 60 yuan per 10 shares, totaling 431 million yuan, which represents 75.61% of its Q3 net profit [5] Game Performance - New game launches contributed significantly to revenue, with titles like "Zhang Jian Chuan Shuo" and "Dao You Lai Wa Bao" generating a combined revenue of 2.673 billion yuan [3][5] - The overseas game business also saw a revenue increase of 59.46%, totaling 588 million yuan [3] Marketing and Sales Strategy - Jibite's sales expenses rose to 1.444 billion yuan, up from 786 million yuan in the previous year, primarily due to increased user acquisition costs [7] - The company emphasizes that while user acquisition is important, it cannot solely rely on it for product success [7] Market Position and Challenges - Despite recent successes, there are concerns about the sustainability of new game performance, as the company has faced challenges with some titles underperforming [6][9] - Analysts note that relying on user acquisition strategies may become increasingly difficult due to rising costs and competition in the gaming market [9]