G-Bits Network Technology(Xiamen)Co.,Ltd. (Stock Code: 603444), a major dividend distributor in A-shares, has unveiled another generous dividend proposal. The company announced on the evening of August 19 its plan to distribute cash dividends of 66.00 yuan per 10 shares (pre-tax) to all shareholders.
Based on 71.7563 million shares outstanding, G-Bits Network Technology plans to distribute approximately 474 million yuan in total cash dividends (pre-tax), representing 73.46% of the net profit attributable to parent company shareholders in the first half of 2025.
G-Bits Network Technology is an enterprise focused on the development and operation of online games. Its self-developed games including "Wen Dao" PC version, "Wen Dao Mobile," "One Thought Free and Unfettered," "Sword Quest for Immortality," and "Quirky Fighters" have maintained stable operations and gained popularity among players.
Supported by abundant cash flow, G-Bits Network Technology has adopted high-ratio cash dividends as its core method of rewarding shareholders in recent years. Statistics show that since its IPO in 2017, the company has distributed cumulative dividends exceeding 6 billion yuan, far surpassing its IPO fundraising amount of 960 million yuan.
**Steady Growth in First-Half Performance**
Behind the substantial dividend proposal lies G-Bits Network Technology's solid performance. The company's 2025 interim report released the same evening showed revenue of 2.518 billion yuan in the first half, up 28.49% year-on-year; net profit attributable to parent company reached 645 million yuan, increasing 24.50% year-on-year. Net cash flow from operating activities reached 1.077 billion yuan, surging 81.18% year-on-year.
The self-developed "Wen Dao" series remains the company's core revenue source. The interim report indicates that in the first half of 2025, "Wen Dao Mobile" maintained stable iterative updates. During its 9th anniversary celebration, the game invited musician Xu Song to create the theme song "Lan Xian Ge" and launched anniversary concerts and blessing activities within the game, maintaining high engagement and popularity. In the first half, "Wen Dao Mobile" generated gross revenue of 1.071 billion yuan.
Additionally, newly launched games including "Sword Quest for Immortality (Mainland Version)," "Staff and Sword Legend (Mainland Version)," and "Fantasy World of Investiture of the Gods" contributed incremental operating revenue in the first half of 2025 compared to the previous year.
Beyond online games, G-Bits Network Technology has expanded into IP incubation and internet publishing services. The IP incubation business, launched in 2019, uses online literature as an important starting point for IP development, actively exploring multi-platform IP operations including novels, animation, and film/TV to broaden the user base and enhance IP influence.
G-Bits Network Technology emphasizes R&D investment and talent development, continuously advancing R&D innovation capabilities. As of the reporting period end, the company employed 641 R&D personnel, accounting for 59.74% of total staff. During the reporting period, R&D investment reached 357 million yuan, representing 14.17% of operating revenue, providing solid support for the company's independent innovation.
**Cumulative Dividends Exceed 6 Billion Yuan Since IPO**
This substantial dividend from G-Bits Network Technology is not coincidental. Company historical data shows that since its 2017 IPO, it has adopted high-ratio dividends as its core shareholder return method, creating a distinctive market identity.
Industry analysts note that the asset-light operating characteristics of the gaming industry eliminate the need for large-scale fixed asset investments like manufacturing companies, with primary costs being personnel and R&D. This enables quality gaming companies to typically maintain extremely abundant cash flow when generating profits. G-Bits Network Technology's financial reports confirm this: as of June 30, 2025, the company's asset-liability ratio was approximately 32%, with monetary funds on the books reaching 3.493 billion yuan. This abundant cash reserve provides the solid material foundation for sustained high dividend distributions.
Statistics show that excluding this proposal, G-Bits Network Technology has implemented 12 cash dividend distributions (including quarterly, semi-annual, and annual) over 8 years since listing, with cumulative dividend amounts exceeding 6 billion yuan, far surpassing its IPO fundraising of 960 million yuan. The 2021 annual report featured "160 yuan per 10 shares," with a single dividend amount of 1.15 billion yuan and a cash dividend ratio of 78.30%, attracting widespread market attention.
G-Bits Network Technology's consistently high dividend ratios have made company actual controller Lu Hongyan the largest beneficiary. As of the end of June 2025, Lu Hongyan held a 29.72% stake in G-Bits Network Technology. Based on this calculation, Lu Hongyan will receive approximately 141 million yuan in cash dividends (pre-tax) for the first half of 2025.
On August 19, G-Bits Network Technology closed at 382.90 yuan per share, with a total market capitalization of 27.6 billion yuan.
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