Summary of G-bits Conference Call Company Overview - **Company**: G-bits - **Industry**: Gaming Key Points Game Licensing and Future Releases - G-bits has secured an average of one new game license every two months since 2024, with over 10 unreleased games in reserve, including titles like "Animal Master Adventure" and "Ghost Valley Eight Wilderness" [2][4] - The company anticipates launching these games starting from Q4 2025, which is expected to support future revenue growth [2][4] Recent Game Performance - The game "Wen Jian Chang Sheng," launched in January 2025, achieved profitability in Q1 [2][5] - "Zhang Jian Chuan Shuo," released on May 29, generated over 400 million RMB in revenue within just over a month, with expectations of at least 200 million RMB in the first month post-global launch on July 15 [2][5] - "Dao You Lai Wa Bao," a mini-program game, maintained a stable performance from June to August, ranking in the top 3 to 5 of the mini-program sales charts, contributing positively to Q3 profits [2][6] Overseas Market Development - G-bits reported overseas revenue of 200 million RMB in the first half of 2025, which is part of a total revenue of 2.5 billion RMB [7] - Following the overseas launch of "Zhang Jian Chuan Shuo," the company expects an additional 200 million RMB in revenue in the first month, indicating a significant breakthrough in overseas markets for Q3 and the latter half of the year [7] Upcoming Products - The company plans to release a Three Kingdoms-themed SLG game titled "Jiu Mu Zhi Ye" in Q4 2025, which received high ratings during its internal testing on TapTap [2][8] - G-bits has a substantial number of unreleased game licenses, suggesting more new products will be launched in 2026, providing potential surprises for investors [8] Financial Health and Shareholder Returns - Since its IPO in 2017, G-bits has distributed a total of 6.5 billion RMB in dividends, significantly exceeding the 700 million RMB raised during its IPO, with an average dividend payout ratio exceeding 70% [3] - The company maintains a strong cash flow and is committed to sharing profits with investors, projecting significant revenue and profit growth in 2025 compared to the previous year [9][10] Long-term Outlook - G-bits holds an optimistic long-term outlook due to the successful launch of three new games and a robust pipeline of unreleased titles, indicating it is a worthy long-term investment [10]

近日，A股规模最大的游戏公司之一、绍兴上虞知名上市企业世纪华通再度引发市场关注。 七名高管遭警示 5月12日晚间，浙江世纪华通集团股份有限公司（简称"ST华通"，002602.SZ）发布公告称， 因年报虚假记载，公司多名高管收到浙江证监局下发的警示 函 。这些高管包括原董事会秘书兼副总经理严正山、原董事兼副总经理邵恒、总经理谢斐等7人。 世纪华通在公告中表示，收到上述警示函后，公司及相关人员高度重视、深刻反思，公司及相关人员将引以为戒、吸取教训，完善内部控制制度，提高公 司治理水平，严格执行上市公司信息披露规范要求。 去年11月，中国证监会对世纪华通作出行政处罚，认定公司在2018年至2022年的年报中存在虚假记载，同时还存在虚构业务或提前确认收入的情况。公司 股票同时被实施其他风险警示，股票简称由"世纪华通"变更为"ST华通"。 此次警示函是对此前处罚的延续 。 此外，世纪华通对相关财务数据进行了会计差错更正，导致子公司盛趣科技未能完成业绩承诺。因此，相关业绩承诺人需承担超过1.27亿股的业绩补偿责 任。 ST当年董秘薪酬创新高 值得注意的是， ST华通2011年上市后，共有4任董秘任职，此次均被出具警示函 ...