G-bits(SH:603444) 新浪财经·2025-03-06 00:58Core Viewpoint - The company, Xiamen Gigabit Network Technology Co., Ltd. (吉比特), has clarified that rumors regarding the dissolution of its Guangzhou R&D team are unfounded, and no major layoffs have occurred. The adjustments made are due to the evaluation of underperforming self-developed projects rather than financial pressure [1][6]. Group 1: Company Adjustments - The company has recently halted several self-developed projects after a thorough review, indicating that some projects did not meet the required standards. While there will be some personnel changes, the company aims to retain talented individuals from the discontinued projects and reallocate them to fewer ongoing projects [4][5]. - The chairman, Lu Hongyan, emphasized that the adjustments are not due to financial constraints but rather a response to the underperformance of certain projects [6][7]. Group 2: Financial Performance - Gigabit's financial performance has been under pressure, with a reported revenue of 859 million yuan for the first nine months of the previous year, a decrease of 10.36% year-on-year. The total revenue for the year-to-date period was 2.818 billion yuan, down 14.77% compared to the previous year [11][12]. - The net profit attributable to shareholders was approximately 140 million yuan, reflecting a decline of 23.82% year-on-year, while the year-to-date net profit was 658 million yuan, also down 23.48% [11][12]. Group 3: Product Performance - The company's main products, including "Wandao" and "Yinian Xiaoyao," have been in operation for many years, with total revenue for these products declining by 17.19% year-on-year in the first nine months of 2024 [11][12]. - Newer titles like "Chao Jinhua Yushi 2" and "Lost Four Realms" have not performed well in the market, failing to generate significant hits. The recently launched "Wanjian Changsheng" has shown promising data, potentially contributing positively to future performance [13][14]. Group 4: Strategic Focus - The company is shifting its focus towards headlining projects, with plans to concentrate resources on key products like "Wanjian Changsheng" and "Zhangjian Chuan Shuo" [18][19]. - The company has also announced a strategic contraction, with adjustments in its operational structure, including changes in the management of certain game titles [19].