A-shares gaming firm G-Bits Network Technology (Xiamen) Co., Ltd. (603444.SH), dubbed the "Maotai of gaming stocks," surged by the daily 10% limit today following its announcement of a substantial dividend payout.
The Xiamen-based company's shares opened higher on October 29, quickly hitting the 503.95 yuan ceiling, boosting its market cap by 3.3 billion yuan to 36.3 billion yuan. The stock remained locked at the limit-up price until market close, with buy orders worth 143 million yuan queuing.
The rally was directly triggered by yesterday's post-market disclosure of Q3 2025 results featuring a 6-yuan-per-share (pre-tax) cash dividend totaling approximately 431 million yuan. This continues G-Bits' tradition of sparking investor enthusiasm through generous payouts.
Financial Performance & Dividend History Founded in March 2004 by former ZTE engineer Lu Hongyan, G-Bits reported explosive Q3 growth: - Revenue: 1.97 billion yuan (+129.19% YoY) - Net profit: 569 million yuan (+307.7% YoY)
For the first three quarters: - Cumulative revenue: 4.49 billion yuan (+59.17%) - Net profit: 1.21 billion yuan (+84.66%)
Newly launched titles including "Staff&Sword Legends," "Immortal Sword Quest," and "Treasure Digging Taoist" drove growth, contributing: - 1.17 billion yuan (mainland version) - 478 million yuan (overseas version) - 713 million yuan ("Immortal Sword Quest") - 316 million yuan ("Treasure Digging Taoist")
This marks G-Bits' successful transition from legacy PC titles to mobile gaming, with overseas revenue reaching 588 million yuan (+59.46%).
The company maintains its reputation as a dividend champion: - 2025 total dividends: >900 million yuan (74.47% of 9M profit) - Cumulative dividends since 2017 IPO: 6.92 billion yuan after this payout - H1 2025 payout: 474 million yuan (73.46% of H1 profit)
Shareholder Windfalls & Insider Moves Major beneficiaries of the Q3 dividend include: - Chairman Lu Hongyan: 128 million yuan (29.72% stake) - Vice Chairman Chen Tuolin: 48.36 million yuan (11.22%) - New investor Wei Wei (suspected prominent散户): 10.78 million yuan
However, September saw notable insider selling: - Chen Tuolin executed 6减持 totaling 86.11 million yuan - Board Secretary Liang Lili sold shares worth 1.91 million yuan
Market Volatility & Outlook G-Bits has experienced extreme price swings: - September 25: Hit 52-week high of 668 yuan - October 20: Bottomed at 449.9 yuan after 11-day slide - Current rebound to >500 yuan post-dividend
Analyst views diverge: - Kaiyuan Securities: "Buy" rating, 1.63B yuan 2025 profit forecast - CICC: "Outperform," 677-yuan target, 1.65B yuan profit estimate
Conclusion While dividends provide short-term euphoria, G-Bits' long-term success hinges on sustaining creative output in the volatile gaming industry. From "Ask Tao" to "Staff&Sword Legends," its true value lies not in stock charts but in the staying power of its intellectual properties.
Comments