Declared Dividend • May 20
Dividend of CN¥7.00 announced Shareholders will receive a dividend of CN¥7.00. Ex-date: 21st May 2026 Payment date: 21st May 2026 Dividend yield will be 5.1%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 19% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Mar 30
G-bits Network Technology (Xiamen) Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 G-bits Network Technology (Xiamen) Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Annonce • Mar 26
G-bits Network Technology (Xiamen) Co., Ltd., Annual General Meeting, Apr 16, 2026 G-bits Network Technology (Xiamen) Co., Ltd., Annual General Meeting, Apr 16, 2026, at 15:00 China Standard Time. Location: 17F, Building T2, No. 2, Longzhu 4th Road, Nanshan District, Shenzhen, Guangdong China Annonce • Dec 26
G-bits Network Technology (Xiamen) Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 G-bits Network Technology (Xiamen) Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Annonce • Sep 30
G-bits Network Technology (Xiamen) Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 G-bits Network Technology (Xiamen) Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Annonce • Jun 30
G-bits Network Technology (Xiamen) Co., Ltd. to Report First Half, 2025 Results on Aug 20, 2025 G-bits Network Technology (Xiamen) Co., Ltd. announced that they will report first half, 2025 results on Aug 20, 2025 Annonce • Dec 27
G-bits Network Technology (Xiamen) Co., Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 G-bits Network Technology (Xiamen) Co., Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥1.93 (vs CN¥2.54 in 3Q 2023) Third quarter 2024 results: EPS: CN¥1.93 (down from CN¥2.54 in 3Q 2023). Revenue: CN¥858.6m (down 10% from 3Q 2023). Net income: CN¥139.7m (down 24% from 3Q 2023). Profit margin: 16% (down from 19% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 14% per year. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥244, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Entertainment industry in China. Total loss to shareholders of 28% over the past three years. Annonce • Sep 30
G-bits Network Technology (Xiamen) Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 G-bits Network Technology (Xiamen) Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 New Risk • Aug 20
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 5.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: CN¥3.66 (vs CN¥5.13 in 2Q 2023) Second quarter 2024 results: EPS: CN¥3.66 (down from CN¥5.13 in 2Q 2023). Revenue: CN¥1.03b (down 14% from 2Q 2023). Net income: CN¥264.5m (down 28% from 2Q 2023). Profit margin: 26% (down from 31% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥185, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Entertainment industry in China. Total loss to shareholders of 51% over the past three years. Annonce • Jun 28
G-bits Network Technology (Xiamen) Co., Ltd. to Report First Half, 2024 Results on Aug 16, 2024 G-bits Network Technology (Xiamen) Co., Ltd. announced that they will report first half, 2024 results on Aug 16, 2024 Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: CN¥15.63 (vs CN¥20.33 in FY 2022) Full year 2023 results: EPS: CN¥15.63 (down from CN¥20.33 in FY 2022). Revenue: CN¥4.18b (down 19% from FY 2022). Net income: CN¥1.13b (down 23% from FY 2022). Profit margin: 27% (down from 28% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥190, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 23x in the Entertainment industry in China. Total loss to shareholders of 41% over the past three years. Annonce • Dec 30
G-bits Network Technology (Xiamen) Co., Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024 G-bits Network Technology (Xiamen) Co., Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024 Annonce • Dec 29
G-bits Network Technology (Xiamen) Co., Ltd. (SHSE:603444) announces an Equity Buyback for CNY 100 million worth of its shares. G-bits Network Technology (Xiamen) Co., Ltd. (SHSE:603444) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price no more than CNY 390 per share. The price shall not be higher than 150% of the average trading price of the company's stock in the 30 trading days before the company's board of directors passes the repurchase resolution. The repurchased shares will be used for employee stock ownership plan and/or equity incentive. Repurchases will be funded using company’s own funds. The program is valid for 12 months. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥266, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Entertainment industry in China. Total loss to shareholders of 36% over the past three years. New Risk • Oct 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change). Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥2.54 (vs CN¥4.50 in 3Q 2022) Third quarter 2023 results: EPS: CN¥2.54 (down from CN¥4.50 in 3Q 2022). Revenue: CN¥957.8m (down 27% from 3Q 2022). Net income: CN¥183.3m (down 43% from 3Q 2022). Profit margin: 19% (down from 25% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Annonce • Sep 30
G-bits Network Technology (Xiamen) Co., Ltd. to Report Q3, 2023 Results on Oct 25, 2023 G-bits Network Technology (Xiamen) Co., Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Annonce • Jun 28
G-bits Network Technology (Xiamen) Co., Ltd. to Report First Half, 2023 Results on Aug 16, 2023 G-bits Network Technology (Xiamen) Co., Ltd. announced that they will report first half, 2023 results on Aug 16, 2023 Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥528, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 24x in the Entertainment industry in China. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥474 per share. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥542, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 26x in the Entertainment industry in China. Total returns to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥473 per share. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: CN¥20.33 (vs CN¥20.43 in FY 2021) Full year 2022 results: EPS: CN¥20.33 (down from CN¥20.43 in FY 2021). Revenue: CN¥5.17b (up 12% from FY 2021). Net income: CN¥1.46b (flat on FY 2021). Profit margin: 28% (down from 32% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 28
Now 20% undervalued Over the last 90 days, the stock is up 36%. The fair value is estimated to be CN¥545, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 31% in 2 years. Earnings is forecast to grow by 46% in the next 2 years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Hui Fang Bao was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥4.50 (vs CN¥4.23 in 3Q 2021) Third quarter 2022 results: EPS: CN¥4.50 (up from CN¥4.23 in 3Q 2021). Revenue: CN¥1.32b (up 20% from 3Q 2021). Net income: CN¥323.4m (up 6.1% from 3Q 2021). Profit margin: 25% (down from 28% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: CN¥4.71 (vs CN¥7.46 in 2Q 2021) Second quarter 2022 results: EPS: CN¥4.71 (down from CN¥7.46 in 2Q 2021). Revenue: CN¥1.28b (flat on 2Q 2021). Net income: CN¥338.7m (down 37% from 2Q 2021). Profit margin: 26% (down from 42% in 2Q 2021). Over the next year, revenue is forecast to grow 19%, compared to a 22% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 10
Full year 2021 earnings released: EPS: CN¥20.43 (vs CN¥14.58 in FY 2020) Full year 2021 results: EPS: CN¥20.43 (up from CN¥14.58 in FY 2020). Revenue: CN¥4.62b (up 68% from FY 2020). Net income: CN¥1.47b (up 40% from FY 2020). Profit margin: 32% (down from 38% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 18%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥353, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Entertainment industry in China. Total returns to shareholders of 90% over the past three years. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥4.23 (vs CN¥3.40 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥1.10b (up 71% from 3Q 2020). Net income: CN¥304.7m (up 25% from 3Q 2020). Profit margin: 28% (down from 38% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS CN¥7.46 (vs CN¥3.17 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.27b (up 90% from 2Q 2020). Net income: CN¥535.6m (up 135% from 2Q 2020). Profit margin: 42% (up from 34% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥437, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Entertainment industry in China. Total returns to shareholders of 293% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥616 per share. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥544, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Entertainment industry in China. Total returns to shareholders of 307% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥599 per share. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥5.08 (vs CN¥4.50 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥1.12b (up 51% from 1Q 2020). Net income: CN¥365.2m (up 13% from 1Q 2020). Profit margin: 33% (down from 44% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥14.58 (vs CN¥11.28 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥2.74b (up 26% from FY 2019). Net income: CN¥1.05b (up 29% from FY 2019). Profit margin: 38% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥367, the stock is trading at a trailing P/E ratio of 28.2x, up from the previous P/E ratio of 24x. This compares to an average P/E of 34x in the Entertainment industry in China. Total returns to shareholders over the past three years are 137%. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥330 The company is down 45% from its price of CN¥596 on 14 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥368 per share. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥367, the stock is trading at a trailing P/E ratio of 28.2x, down from the previous P/E ratio of 33.7x. This compares to an average P/E of 35x in the Entertainment industry in China. Total returns to shareholders over the past three years are 86%. Is New 90 Day High Low • Nov 11
New 90-day low: CN¥446 The company is down 24% from its price of CN¥586 on 13 August 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥331 per share. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥933.9m, up 5.5% from the prior year. Total revenue was CN¥2.66b over the last 12 months, up 30% from the prior year. Is New 90 Day High Low • Oct 22
New 90-day low: CN¥508 The company is down 11% from its price of CN¥574 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥393 per share.