Core Viewpoint - Jibite (603444) reported strong financial performance for the first half of 2025, with significant increases in revenue and net profit compared to the previous year, indicating robust growth and improved profitability metrics [1][3]. Financial Performance - Total revenue for the first half of 2025 reached 2.518 billion yuan, a year-on-year increase of 28.49% [1] - Net profit attributable to shareholders was 645 million yuan, up 24.5% year-on-year [1] - In Q2 2025, total revenue was 1.382 billion yuan, reflecting a 33.89% increase year-on-year, while net profit for the quarter was 361 million yuan, up 36.64% [1] - Gross margin improved to 92.31%, an increase of 4.65% year-on-year, and net margin rose to 32.56%, up 2.14% [1] Key Financial Metrics - Earnings per share (EPS) increased to 8.95 yuan, a rise of 24.65% year-on-year [1] - Operating cash flow per share surged to 14.95 yuan, marking an 81.18% increase [1] - Total assets in cash increased by 61.25% to 3.493 billion yuan, driven by higher sales collections [3] - Accounts receivable decreased by 9.38% to 227 million yuan, indicating improved cash flow management [1][3] Expense Analysis - Total selling, administrative, and financial expenses amounted to 1.012 billion yuan, accounting for 40.19% of revenue, which is a 21.52% increase year-on-year [1] - Sales expenses rose by 55.57% due to increased marketing costs for new game launches [3] - Management expenses increased by 14.49%, attributed to higher severance payments [3] Investment and Cash Flow - Net cash flow from operating activities increased by 81.18%, reflecting strong cash inflows from new game releases [4] - Investment activities saw a significant increase of 183.58% in net cash flow, primarily due to the redemption of financial products and government bonds [4] Market Position and Future Outlook - The company has a historical return on invested capital (ROIC) of 19.73%, indicating strong capital efficiency [4] - Analysts project a revenue of 1.481 billion yuan for 2025, with an average EPS forecast of 20.55 yuan [4]

Core Viewpoint - Jibite (603444) announced a cash dividend of 66.00 yuan per 10 shares to all shareholders, reflecting the company's commitment to return value to investors while considering future sustainable development needs [1][3]. Financial Performance - As of August 19, 2025, the total share capital of the company is 72.0411 million shares, with a proposed total cash dividend of 474 million yuan (including tax), accounting for 73.46% of the net profit attributable to shareholders for the first half of 2025 [3]. - For the first half of 2025, the company reported revenue of 2.518 billion yuan, a year-on-year increase of 28.49%, and a net profit attributable to shareholders of 645 million yuan, up 24.50% [4][5]. Cash Flow and Profitability - The net cash flow from operating activities increased by 81.18% year-on-year, indicating strong operational efficiency [4][5]. - The net profit excluding non-recurring gains and losses was 648 million yuan, reflecting a 40.02% increase compared to the previous year [4]. Product Development and Market Strategy - The company's revenue primarily comes from self-developed games such as "Wandao Mobile" and "Wanjian Changsheng (Mainland Version)" [5]. - Jibite plans to continue developing and launching new games, including "Wanjian Changsheng" and "Zhangjian Chuan Shuo," to enhance its product portfolio [6]. - The company is focusing on three types of projects: commercially successful games, games that are fun but may not be profitable, and technology exploration projects [7]. Market Performance - Jibite's stock is currently priced at 382.9 yuan per share, with a total market capitalization of 27.585 billion yuan, reflecting an approximately 80% increase year-to-date [8].

Core Viewpoint - Jibite (603444) reported strong financial performance for the first half of 2025, with significant year-on-year growth in both revenue and net profit [1] Financial Performance - The company achieved operating revenue of 2.518 billion yuan, representing a year-on-year increase of 28.49% [1] - The net profit attributable to shareholders was 645 million yuan, reflecting a year-on-year growth of 24.5% [1] - Basic earnings per share were reported at 8.95 yuan [1] Dividend Distribution - The company plans to distribute a cash dividend of 66 yuan (including tax) for every 10 shares to all shareholders [1] New Game Launches - During the reporting period, the company launched new games such as "Wen Jian Chang Sheng (Mainland Version)" and "Zhang Jian Chuan Shuo (Mainland Version)," which contributed to incremental operating revenue and profit [1]