603444 G-bits Network Technology
- 195.00
- -2.59-1.31%
G-bits Network Technology News
Galaxy Securities: The overall growth in media performance in '23 is clearly optimistic about the growth potential of high-quality companies under major industry trends
The media industry's cash flow improved significantly throughout 2023, with a certain increase in net operating cash flow and the ratio of net operating cash flow to revenue.
Gbit (603444): Stable flow of core products
Incident: Gigbit released its 2024 quarterly report. During the reporting period, it achieved total operating revenue of 927 million yuan, a year-on-year decrease of 18.97%, and net profit to mother of 253 million yuan, a year-on-year decrease of 17.35%. Net profit not returned to mother after deducting
Cathay Pacific Junan: Currently, the game industry is undervalued, it is recommended to focus on two main lines of investment
The performance of listed companies in the A-share game industry has recovered in 2023, and the overseas and mini game markets may become performance variables. Currently, the game industry is at a low valuation level. Focus on companies with product schedules or room for profit release in the future.
Gbit (603444): Core product turnover rebounded month-on-month, and abundant reserves drive growth
Event: The company announced its 2024 quarterly report. 2024Q1, the company achieved revenue of 927 million yuan, -18.97% YoY, net profit to mother 253 million yuan, or -17.35% YoY, net profit not attributable to mother 1.
Gbit (603444): Steady distribution of core products, focus on the pace of subsequent new game launches
Incident: The company achieved revenue of 4.185 billion yuan in 2023, a year-on-year decrease of -19.02%; net profit to mother of 1,125 billion yuan, a year-on-year decrease of -22.98%; deducted non-net profit from mother of 1,119 billion yuan, year-on-year decline
Gbit (603444.SH): A total of 226,000 shares have been repurchased
Gelonghui (603444.SH) announced on May 6, that as of April 30, 2024, the company had repurchased 226,000 shares through the Shanghai Stock Exchange system, accounting for 0.3137% of the company's total share capital. The highest price of the repurchase transaction was 214.27 yuan/share, the lowest price was 167.01 yuan/share, and the total amount paid was 41,878,369.00 yuan (not including transaction fees).
Gbit (603444): Steady flow of old products, focus on the increase in new products
Core idea The company's revenue grew month-on-month in the first quarter. The company's Q1 revenue was 9.3 billion, -19% year over year, and achieved 5.6% month-on-month growth. Among them, “Ask Me” mobile game revenue increased month-on-month, and “Ask Me Mobile Game” launched New Year's Service+ “A Nian Xiao”
Gbit (603444): Core product revenue increased month-on-month, and new game products are expected to release profits
2024Q1 achieved operating income of 927 million yuan, a year-on-year decrease of 18.97%; net profit to mother was 253 million yuan, a year-on-year decrease of 17.35%; net profit after deducting net income of 198 million yuan, a year-on-year decrease of 29 million yuan
95 domestic game editions have been approved again, and many listed game companies have made gains
The number of game versions has been distributed over 100 for 5 consecutive months. An agency source told the Financial Association reporter that the current supply of editions is in line with expectations, and the distribution pace continues to improve and is expected to continue.
G-bits Network Technology (Xiamen) Co., Ltd. Just Missed Revenue By 6.0%: Here's What Analysts Think Will Happen Next
Investors in G-bits Network Technology (Xiamen) Co., Ltd. (SHSE:603444) had a good week, as its shares rose 2.2% to close at CN¥177 following the release of its first-quarter results. G-bits Net
Gbit (603444): Core product distribution increases focus on Q2 stock product performance and the release of new game performance
Incident description Gigbit discloses its 2024 quarterly report. The company achieved revenue of 927 million yuan in 24Q1 (-19.0% y/month-on-month +5.6%) and realized net profit to mother of 253 million yuan (-17.4% year-on-year)
Cinda Securities released a research report on April 25 stating that it gave Gbit (603444.SH) a buy rating. The main reasons for the rating include: 1) revenue and profit are still under year-on-year pressure, and revenue from core products has stabilized
Cinda Securities released a research report on April 25 stating that it gave Gbit (603444.SH) a buy rating. The main reasons for the rating include: 1) revenue and profit are still under year-on-year pressure, and revenue from core products has stabilized; 2) the overseas sector continues to gain strength and the stable operation of issued products; 3) the company has abundant reserves of subsequent products, and the new product cycle is worth paying attention to. (Mainichi Keizai Shimbun)
Jefferies Adjusts G-bits Network Technology's Price Target to 226 Yuan From 290 Yuan, Keeps at Buy
G-bits Network Technology (SHA:603444) has an average rating of outperform and price targets ranging from 191 yuan to 331.32 yuan, according to analysts polled by CapitalIQ. Price (RMB): ¥176.53, Chan
Gbit (603444): New and old games brought about a month-on-month increase in Q1 revenue, and reserves of existing products are expected to increase performance
In 24Q1, the company's old game performance was steady. A number of new games were launched, and revenue increased 5.58% month-on-month. The company has abundant reserves and many products in hand, and is expected to further improve performance in the future. All things considered, we expect the company to be 24-2
Gbit (603444): Stable revenue from core products, looking forward to the start of the new product cycle
Event: Gigbit released its results report for the first quarter of 2024. The company achieved revenue of 927 million yuan in the first quarter of 2024, a year-on-year decrease of 18.97%. Net profit attributable to mother was 253 million yuan, down 17.35% year-on-year
BOC Securities released a research report on April 24 stating that it gave Gbit (603444.SH) a buy rating. The main reasons for the rating include: 1) the number reserves are abundant, and various key products are progressing steadily; 2) the balance of un
BOC Securities released a research report on April 24 stating that it gave Gbit (603444.SH) a buy rating. The main reasons for the rating include: 1) the number reserves are abundant, and various key products are progressing steadily; 2) the balance of unamortized recharges and items is increasing, and investment in R&D is increased. (Mainichi Keizai Shimbun)
Gigbit (603444): Core game flow stabilizes, and the 8th anniversary of “Ask” begins to warm up
24Q1 performance summary: The company achieved revenue of 927 million yuan in 24Q1, yoy -18.97% /qoq +5.6%, gross margin of 89.24%, yoy+0.97pct/qoq-0.4
Gbit (603444): Core product flow stabilizes, environment increases focus on new product performance
Net profit to mother fell 17.35% year-on-year in 24Q1, mainly due to declining turnover and increased promotion expenses, Gbit released a quarterly report. 24Q1 achieved revenue of 927 million yuan (yoy -18.97%, qoq +5.60%)
Gbit (603444): Performance is basically in line with expectations, and we continue to pay attention to the steady trend of the basic market and new market trends
The deduction of non-net profit from 1Q24 is basically in line with the expected 1Q24 revenue drop 19% to 927 million yuan, slightly lower than our previous forecast of 1 billion yuan. We think it is mainly due to the relatively lackluster performance of some newcomers. Return to mother/deduct not net
Gbit (603444) 24Q1 performance review: core product flow is gradually stabilizing, focus on subsequent increases
Incident: Gigbit announced 24Q1 results on April 23. The company achieved revenue of 927 million yuan in 24Q1, down 18.97% year on year and up 5.60% month on month; net profit to mother was 253 million yuan, down year on year
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