2025年上半年研发成本为16.82亿元，较上年同期增长16%。该增长主要由于金山办公集团的员工人数 增加、新游戏品类的外包开支增加以及AI相关开支增加。 于2025年上半年，实现收益46.45亿元，同比增加0.75%;毛利37.72亿元;股东应占溢利8.16亿元，同比增 加20.41%;每股基本盈利0.6元。 2025年上半年来自办公软件及服务业务的收益为26.57亿元，较上年同期增长10%。该增长主要是由于 金山办公集团的WPS个人及WPS365业务的增长。WPS个人业务的稳健增长主要归因于增强的产品力、 更好的用户体验以及优化的商业策略。WPS365业务的强劲增长主要归因于增强的产品力，优质的服 务，以及典型解决方案在行业和业务场景的复制及推广。 金山软件(03888)发布截至2025年6月30日止三个月及六个月业绩，于2025年第二季度，实现收益23.07亿 元(人民币，下同);毛利18.54亿元;股东应占溢利5.32亿元，同比增加35.36%;每股基本盈利0.39元。 公司董事长雷军先生表示："第二季度，我们围绕既定战略稳步推进核心业务，坚定布局未来。金山办 公集团以'AI、协作、国际化'为战略重点 ...

Group 1 - The core point of the article is that Jibite announced a cash dividend distribution plan for the first half of 2025, proposing to distribute 66 yuan (including tax) per 10 shares, totaling approximately 474 million yuan, which accounts for 73.46% of the net profit attributable to shareholders for the period [1] - As of June 30, 2025, the actual controller and chairman, Lu Hongyan, holds 29.72% of Jibite's shares, which means he is expected to receive approximately 141 million yuan (including tax) in cash dividends for the first half of 2025 [1] - Jibite has a strong history of cash dividends, with a cumulative cash dividend amounting to 6.489 billion yuan since its IPO in January 2017, which is 7.21 times the net proceeds from its initial public offering [1] Group 2 - Jibite's financial performance for the first half of 2025 shows a revenue of 2.518 billion yuan, representing a year-on-year increase of 28.49%, and a net profit of 645 million yuan, up 24.50% year-on-year [2] - However, when looking at the annual performance for 2024, Jibite experienced a decline in both revenue and net profit, with revenue of 3.696 billion yuan, down 11.69%, and net profit of 945 million yuan, down 16.02% [2]

Core Insights - Xiamen Gigabit Network Technology Co., Ltd. reported a strong performance in the first half of 2025, with revenue reaching 2.518 billion yuan, a year-on-year increase of 28.49% [1] - The net profit attributable to shareholders was 645 million yuan, up 24.50% year-on-year, while the net profit after deducting non-recurring gains and losses was 648 million yuan, reflecting a 40.02% increase [1] - The company announced a cash dividend of 66.00 yuan per 10 shares, totaling 474 million yuan, which represents 73.46% of the net profit for the first half of 2025 [2] Financial Performance - In Q2 2025, the company experienced a revenue growth rate of 33.9%, an increase of 10 percentage points compared to Q1 [2] - The net cash flow from operating activities was 1.077 billion yuan, showing a significant year-on-year growth of 81.18% [1] Dividend Policy - Gigabit has a history of being a "dividend heavyweight," having implemented 12 cash dividend distributions since its listing, with a total cash dividend amounting to 6.489 billion yuan since its IPO [3] - The upcoming dividend distribution will not involve capital reserve conversion into share capital or other forms of profit distribution [2] Game Development and Revenue Sources - The core revenue source remains the self-developed "Wandao" series, with "Wandao Mobile Game" contributing 1.071 billion yuan in revenue during the first half of 2025 [3] - New game launches, including "Wanjian Changsheng (Mainland Version)" and "Zhangjian Chuanqiao (Mainland Version)," have generated approximately 500 million yuan each by June 2025, becoming significant growth drivers [3] - Sales expenses increased by 55.7% to 837 million yuan due to high initial investment costs for new game releases [3] Company Overview - Founded in 2004, Xiamen Gigabit Network Technology Co., Ltd. primarily engages in internet and related services, with a registered capital of 720.411 million yuan [4] - The company was listed in 2017 and is controlled by Chairman Lu Hongyan, who holds 29.72% of the shares [4]

Core Viewpoint - Jibite announced a cash dividend plan for the first half of 2025, proposing a distribution of 66 yuan per share, totaling approximately 474 million yuan, which represents 73.46% of its net profit, with a dividend yield of 2.76% based on the average trading price [1][4]. Group 1: Financial Performance - In the first half of 2025, Jibite achieved operating revenue of 2.518 billion yuan, a year-on-year increase of 28.49% [4]. - The net profit attributable to shareholders was 645 million yuan, reflecting a year-on-year growth of 24.50% [4]. - The net cash flow from operating activities reached 1.077 billion yuan, showing a significant year-on-year increase of 81.18% [4]. Group 2: Dividend History - Since its listing in 2017, Jibite has implemented 12 cash dividends, totaling over 6 billion yuan, which exceeds the 960 million yuan raised during its IPO [4]. - The company’s 2021 annual report featured a notable dividend of 160 yuan per 10 shares, amounting to 1.15 billion yuan, with a cash dividend ratio of 78.30% [4]. - The high dividend payout has significantly benefited the company's controlling shareholder, Chairman Lu Hongyan, who holds 29.72% of the shares and is expected to receive approximately 141 million yuan in cash dividends for the first half of 2025 [4]. Group 3: Business Operations - Jibite focuses on the research and operation of online games, launching two self-developed new titles, "Staff Sword Legend" and "Question Sword Longevity," in the first half of 2025, contributing to revenue and profit growth [5]. - The company continues to iterate on several classic IP games, enhancing player experiences and solidifying its long-term development foundation [5]. - The self-operated platform, Thunder Games, supports the performance of both self-developed and agency products through its accumulated operational capabilities [5].

Core Insights - The online gaming sector experienced significant fluctuations, with notable stocks like G-bits hitting the upper limit of their trading range, and Xunyou Technology rising over 10% [1] Company Performance - G-bits reached its trading limit, indicating strong investor interest and potential bullish sentiment in the market [1] - Xunyou Technology saw an increase of more than 10%, reflecting positive market dynamics and investor confidence [1] - Other companies in the sector, including Kaiying Network, Shenzhou Taiyue, and Perfect World, also experienced upward movement, suggesting a broader trend in the online gaming industry [1]

Core Insights - Company G-bits reported a revenue of 2.518 billion yuan for the first half of 2025, representing a year-on-year growth of 28.49% [2] - The net profit attributable to shareholders reached 645 million yuan, an increase of 24.50% year-on-year [2] - The net cash flow from operating activities was 1.077 billion yuan, showing a significant growth of 81.18% [2] - A cash dividend of 66 yuan per 10 shares is proposed, totaling approximately 474 million yuan, which accounts for 73.46% of the net profit for the period [2] Revenue Growth Drivers - The company focuses on the research and operation of online games, with two self-developed new products, "Staff Sword Legend" and "Question Sword Longevity," launched in the first half of 2025, contributing to revenue and profit growth [4] - Classic IP games continue to be iterated, providing fresh experiences for players and solidifying the company's long-term development foundation [4] - The long-term operation of "Question Dao" online game, which has been running for over 19 years, demonstrates its enduring vitality [4] Future Development Strategy - The company plans to continue investing in research and development, focusing on three types of projects: commercially successful and enjoyable projects, enjoyable projects that break even or incur small losses, and technology exploration projects [5] - The operational focus will be on core product operations and user services to enhance the efficiency of publishing business [5] - The company aims to promote global distribution of two new products, with "Question Sword Longevity" expected to launch in South Korea and other regions in the second half of the year [5] - A new Three Kingdoms-themed seasonal SLG mobile game, "Nine Shepherds of the Wild," has obtained a license and is highly anticipated by players [5] - Since its IPO in 2017, the company has distributed a total of 6.489 billion yuan in cash dividends, which is 7.21 times the net proceeds from the IPO [5]

Core Viewpoint - The article highlights the strong financial performance of Jibite in the first half of 2025, driven by new product launches and sustained operations of classic IP games, alongside a significant cash dividend proposal for shareholders [3][6]. Financial Performance - In the first half of 2025, Jibite achieved operating revenue of 2.518 billion yuan, representing a year-on-year growth of 28.49% [3]. - The net profit attributable to shareholders reached 645 million yuan, with a year-on-year increase of 24.50% [3]. - The net cash flow from operating activities was 1.077 billion yuan, showing a substantial growth of 81.18% year-on-year [3]. - The company proposed a cash dividend of 66 yuan per 10 shares (including tax), totaling approximately 474 million yuan, which accounts for 73.46% of the net profit for the period [3]. Product Development and Performance - Jibite focuses on the research and operation of online games, with two self-developed new products, "Zhang Jian Chuan Shuo" and "Wen Jian Chang Sheng," launched in the first half of 2025, contributing to significant revenue and profit growth [6]. - The company continues to iterate on several classic IP games, enhancing player experience and solidifying long-term development [6]. - The game "Wen Dao" has been in operation for over 19 years, demonstrating its enduring appeal, while "Wen Dao Mobile" has been providing rich content for players for 9 years [6]. Future Strategy - Jibite plans to maintain its investment in research and development, focusing on three types of projects: commercially successful and engaging projects, projects that are fun but may break even or incur small losses, and technology exploration projects [8]. - The company aims to concentrate resources on core product operations and user services to enhance operational efficiency [8]. - Jibite is set to launch "Wen Jian Chang Sheng" globally in the second half of the year, with additional plans for a Three Kingdoms-themed SLG mobile game "Jiu Mu Zhi Ye," which has already obtained a license and is undergoing testing [8]. - Since its IPO in 2017, Jibite has distributed a total of 6.489 billion yuan in cash dividends, which is 7.21 times the net amount raised from the IPO [8].

Core Viewpoint - Jibite's half-year report for 2025 shows significant growth in revenue and profit, driven by new game releases and strong cash flow, alongside a substantial dividend distribution to shareholders [3][4][8]. Financial Performance - In the first half of 2025, Jibite achieved operating revenue of 2.518 billion yuan, a year-on-year increase of 28.49% - The net profit attributable to shareholders was 645 million yuan, reflecting a growth of 24.50% - The net cash flow from operating activities reached 1.077 billion yuan, up 81.18% [3]. Dividend Distribution - Jibite plans to distribute a cash dividend of 66 yuan per 10 shares (including tax), totaling approximately 474 million yuan, which represents 73.46% of the net profit for the period - Since its listing in 2017, the company has distributed over 6 billion yuan in dividends, with a notable single dividend of 160 yuan per 10 shares in 2021 [3][8]. Product Development - The company launched two self-developed games, "Staff Sword Legend" and "Question Sword Longevity," in the first half of 2025, contributing to revenue and profit growth - Classic IP games continue to be updated, enhancing player experience and supporting long-term growth [4][6]. Operational Strategy - Jibite will continue to invest in research and development, focusing on three project types: commercially successful projects, projects that are fun but may break even or incur small losses, and technology exploration projects - The company aims to enhance operational efficiency by concentrating resources on core product operations and user services [7]. Market Position - As of August 19, 2025, Jibite's stock closed at 382.90 yuan per share, with a total market capitalization of 27.6 billion yuan [9][10].

Core Viewpoint - Jibite's half-year report for 2025 shows significant growth in revenue and profit, driven by new game releases and strong cash flow, alongside a substantial dividend distribution to shareholders [3][4][8]. Financial Performance - In the first half of 2025, Jibite achieved operating revenue of 2.518 billion yuan, a year-on-year increase of 28.49% - The net profit attributable to shareholders was 645 million yuan, reflecting a growth of 24.50% - The net cash flow from operating activities reached 1.077 billion yuan, up by 81.18% [3]. Dividend Distribution - Jibite plans to distribute a cash dividend of 66 yuan per 10 shares (tax included), totaling approximately 474 million yuan, which represents 73.46% of the net profit for the period - Since its listing in 2017, the company has distributed over 6 billion yuan in dividends, with a notable single dividend of 160 yuan per 10 shares in 2021 [3][8]. Product Development and Strategy - The company launched two self-developed games, "Zhang Jian Chuan Shuo" and "Wen Jian Chang Sheng," in the first half of 2025, contributing to revenue and profit growth - Classic IP games continue to be updated, enhancing player experience and supporting long-term growth [4][6]. - Future R&D investments will focus on three project categories: commercially successful projects, projects that are fun but may not be profitable, and technology exploration projects [7]. Operational Efficiency - Jibite's self-operated platform, Thunder Games, has effectively supported the performance of both self-developed and agency products through accumulated operational capabilities [6]. - The company aims to concentrate resources on core product operations and user services to enhance operational efficiency [7]. Market Position - As of August 19, 2025, Jibite's stock closed at 382.90 yuan per share, with a total market capitalization of 27.6 billion yuan [9][10].

Core Insights - Company reported a significant increase in revenue and profit for the first half of 2025, with total revenue reaching 2.518 billion yuan, a year-on-year growth of 28.49%, and net profit attributable to shareholders at 645 million yuan, up 24.50% [2] - The company announced a cash dividend distribution plan, proposing a payout of 66 yuan per 10 shares, totaling approximately 474 million yuan, which represents 73.46% of the net profit for the period [2] Revenue Growth Drivers - The company focuses on the development and operation of online games, with two self-developed new titles, "Zhang Jian Chuan Shuo" and "Wen Jian Chang Sheng," launched in the first half of 2025, contributing to significant revenue and profit growth [3] - Classic IP games continue to be iterated, providing fresh experiences for players and solidifying the company's long-term stable development foundation [3] - The long-term operation of "Wen Dao" online game and "Wen Dao Mobile" has demonstrated sustained vitality, enhancing the company's revenue streams [3] Future Development Strategy - The company plans to maintain its investment in research and development, focusing on three types of projects: commercially successful and engaging projects, engaging projects that break even or incur small losses, and technology exploration projects [4] - The operational strategy will concentrate resources on core product operations and user services to enhance the efficiency of publishing business [4] - The company aims to expand the global distribution of its new titles, with "Wen Jian Chang Sheng" expected to launch in South Korea and other regions in the second half of the year [4] - The company has accumulated a total cash dividend of 6.489 billion yuan since its IPO, which is 7.21 times the net proceeds from the initial public offering [4]