G-bits Network Technology Xiamen Co Ltd

The August 14 Shanghai Securities Morning Brief focuses on a range of company updates and industry information. Xietong Data released its 2026 half-year performance flash report, achieving total operating revenue of 12.641 billion yuan, up 155.69% year on year, and net profit attributable to shareholders of the listed company of 1.863 billion yuan, up 331.11% year on year. Honghe Technology achieved operating revenue of 1.048 billion yuan, up 90.39% year on year, and net profit of 379 million yuan, up 334.32% year on year. G-bits achieved operating revenue of 3.727 billion yuan, up 48.01% year on year, and net profit attributable to the parent company of 1.092 billion yuan, up 69.31% year on year, and plans to distribute a cash dividend of 100 yuan for every 10 shares to all shareholders. Shanghai Jahwa's wholly owned overseas subsidiary received US tariff refunds and interest of 4.6636 million US dollars, equivalent to approximately 32.322 million yuan, accounting for 12.08% of the company's most recent audited net profit. Rongjie Health's controlled subsidiary received US tariff refunds of 7.252 million US dollars, which is expected to affect the company's net profit attributable to the parent company by 17.9599 million yuan, accounting for 24% of the company's most recent audited net profit. In addition, Senior Technology Material plans to acquire 73.4806% equity in Bangci Electronics for 242 million yuan in cash, and Jifeng Auto Parts' controlled subsidiary has been designated for a passenger car seat assembly project by a major original equipment manufacturer, with an expected total lifecycle value of 2.12 billion yuan.

On the evening of August 13, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important announcements. Unitree Technology's online investors abandoned subscription for 8,734 shares, which were fully underwritten by the sponsor. Honghe Technology terminated its investment in a project to produce 72 million meters of high-performance electronic-grade fiberglass cloth annually, while also disclosing that first-half net profit grew 334.32% year on year. Longcheer Technology plans to acquire 80% equity in Anruike for 1.12 billion yuan. Bohai Chemical plans to acquire 51% to 80% of shares in Gerui New Materials to enter the modified plastics sector. Joyson Electronics' controlling subsidiary plans to introduce a total capital increase of 1.5 billion yuan from Xingyin Investment and Zhongyou Investment. SMIC reported second-quarter sales revenue of 3 billion US dollars, up 20% quarter on quarter. Hygon Information Technology posted first-half net profit of 1.798 billion yuan, up 49.69% year on year. China Mobile reported first-half net profit of 78.934 billion yuan, down 6.3% year on year, and plans to distribute 25.1 yuan per 10 shares. G-bits Network Technology saw first-half net profit rise 69.31% year on year and plans to distribute 100 yuan per 10 shares. Xiechuang Data Technology's preliminary results showed first-half net profit of 1.863 billion yuan, up 331.11% year on year. Gao Neng Environment and its subsidiary jointly secured a 500 million yuan solid waste treatment project in Vietnam. Jifeng Auto Parts received a nomination for a passenger car seat assembly project, with an estimated total life-cycle value of 2.12 billion yuan.

G-bits disclosed that in the first half of 2026 it achieved operating revenue of 3.727 billion yuan, up 48.01% year on year, and net profit attributable to the parent of 1.092 billion yuan, up 69.31% year on year, and plans to distribute a cash dividend of 100 yuan, tax included, for every 10 shares. On the same day, Avary Holding's first-half AI server PCB revenue approached 1 billion yuan, and high-speed optical module PCB revenue exceeded 600 million yuan. Jifeng Auto Parts received a nomination for a passenger car seat assembly project, with an estimated total life-cycle value of 2.12 billion yuan. SMIC's second-quarter overall sales revenue reached 3 billion US dollars, up 20% quarter on quarter. In addition, Grace Fabric Technology's first-half net profit rose 334.32% year on year. Dalian Thermal Power's first-half net profit was 50.135 million yuan, turning from a loss to a profit year on year. BGE and its subsidiary jointly won a 500 million yuan solid waste treatment project in Vietnam.

On the evening of August 13, several A-share companies disclosed important announcements. G-bits reported first-half 2026 operating revenue of 3.727 billion yuan, up 48.01% year on year, with net profit attributable to shareholders of the listed company at 1.092 billion yuan, up 69.31% year on year. The company also plans to distribute a cash dividend of 100 yuan for every 10 shares to all shareholders, with total dividends expected to reach 718 million yuan. Ruixin Technology announced the termination of a major asset restructuring originally intended to acquire a 51% stake in Wuhu Deheng Automotive Equipment Co., Ltd., citing adverse changes in the target company's future profitability due to the market environment. Zhongji Innolight plans to acquire a 10.47% stake in Zhongshi Technology for 1.747 billion yuan, at a transaction price of 55.7 yuan per share. The company said Zhongshi Technology's high-performance thermal conductive materials and EMI shielding materials business will create synergies with its own high-end optical module business. In addition, Hygon Information's first-half net profit rose 49.69% year on year, Honghe Technology's net profit rose 334.32%, and Jianyuan Trust's net profit rose 2559.08%.

G-bits released its 2026 semi-annual report, achieving operating revenue of 3.727 billion yuan, up 48.01% year on year, and net profit attributable to shareholders of the listed company of 1.092 billion yuan, up 69.31% year on year. The company plans to distribute a cash dividend of 100 yuan, tax included, for every 10 shares to all shareholders, with total cash dividends expected to be 718 million yuan, accounting for 65.74% of net profit attributable to shareholders of the listed company in the first half of 2026. Since its listing in January 2017, G-bits' cumulative cash dividends have reached 8.139 billion yuan, including this dividend that has not yet been implemented, which is 9.05 times the net proceeds from its initial public offering. The company's self-developed products such as the PC game Wen Dao, the mobile game Wen Dao, and Yi Nian Xiao Yao have maintained long-term operations, while products launched in 2025 such as Staff and Sword Legend and Fellow Daoists Come Dig for Treasure have continued to advance version iterations, becoming important drivers of performance growth. In the first half of this year, overseas operating revenue totaled 607 million yuan, up 201.39% year on year, mainly because the Hong Kong, Macao, and Taiwan versions and the Japanese version of Staff and Sword Legend, as well as the Hong Kong, Macao, Taiwan, and Korean versions of Wen Jian Chang Sheng, were launched in the second half of 2025 and contributed incremental revenue, while the European and American versions of Staff and Sword Legend were launched in May 2026 and have not yet become profitable due to large initial distribution investment.

A number of A-share companies have released earnings, buybacks, contracts, mergers and acquisitions, and other major matters. Jianyuan Trust's net profit for the first half of the year rose 2559.08 percent year on year. G-bits plans to distribute 100 yuan per 10 shares. SMIC's second-quarter sales revenue was 3 billion US dollars, up 20 percent quarter on quarter. China Mobile's profit attributable to shareholders in the first half was 78.9 billion yuan, down 6.3 percent year on year. Jifeng Auto Parts has been awarded a passenger car seat assembly project, with an estimated total life-cycle value of 2.12 billion yuan. Longcheer Technology plans to acquire 80 percent of Anruike for 1.12 billion yuan, entering the data center infrastructure sector.

On the evening of July 21, several A-share companies disclosed interim dividend plans proposed by their chairmen or controlling shareholders. G-bits Chairman Lu Hongyan proposed a cash dividend of 100 yuan per 10 shares for the first half of 2026, with a total payout of approximately 720 million yuan, and no conversion of capital reserve into share capital or other forms of profit distribution. Deye's controlling shareholder Aisirui Investment proposed an interim cash dividend of 16 yuan per 10 shares; the company expects a net profit attributable to the parent of 2.668 billion to 2.728 billion yuan for the first half, a year-on-year increase of 75.28% to 79.22%. Quectel Chairman Qian Penghao proposed an interim dividend of no less than 30% of the first-half net profit attributable to the parent; its first-quarter net profit attributable to the parent was 141 million yuan. Tinci Materials' controlling shareholder Xu Jinfu proposed an interim cash dividend of 1 yuan per 10 shares; the company expects a first-half net profit of 2.7 billion to 3 billion yuan, a sharp year-on-year increase of 907.84% to 1019.82%.

Gbit Chairman Lu Hongyan has proposed a 2026 half-year profit distribution plan, intending to pay a cash dividend of 100 yuan per 10 shares, tax inclusive, to all shareholders. There will be no conversion of capital reserve into share capital and no other forms of profit distribution. The plan still requires board review and relevant approval procedures, and remains subject to uncertainty. As of the end of the first quarter this year, Gbit had a total of 28,215 shareholders. The company expects to achieve a net profit attributable to the parent of 1.01 billion to 1.1 billion yuan in the first half of this year, representing a year-on-year increase of 57% to 71%. Gbit has long been known as a generous dividend payer in the A-share market, with total cash dividends for the full year 2025 reaching 1.406 billion yuan, accounting for 78.41% of the company's net profit for that year.

On the evening of July 21, multiple listed companies on the Shanghai and Shenzhen exchanges released significant positive announcements. GigaDevice plans to use 500 million yuan of A-share raised funds to increase capital in its wholly-owned subsidiary Zhuhai Xincun, in order to implement a DRAM fundraising project. After the capital increase, Zhuhai Xincun's registered capital will change from 150 million yuan to 200 million yuan. The chairman of G-bits proposed a cash dividend of 100 yuan for every 10 shares for the first half of 2026. JinkoSolar will change the purpose of 29.7213 million repurchased shares from equity incentives to cancellation and reduction of registered capital. A controlled subsidiary of Lianchuang Co. plans to invest approximately 550 million yuan to build a project with an annual output of 12,000 tons of VDF and supporting industrial chain products. Huaqin Technology expects its annual revenue from super-node products alone to exceed 10 billion yuan. Yuanjie Technology expects net profit for the first half of the year to be between 600 million and 650 million yuan, a year-on-year increase of 1,196.91% to 1,304.98%. Zhongyi Technology expects net profit for the first half of the year to be between 150 million and 180 million yuan, a year-on-year increase of 879.55% to 1,075.46%. The chairman of Sungrow Power proposed a share buyback of 500 million to 1 billion yuan. The controlling shareholder of Weichai Power plans to increase its holdings of the company's A-shares by 200 million to 400 million yuan. A wholly-owned subsidiary of Kanghui Co. signed a computing power service contract, with an estimated total value of 415 million to 679 million yuan. Wuzhou Medical plans to acquire 100% equity of Xuanzhi Technology through the issuance of shares and cash payment, entering the motor control chip sector. The company's shares will resume trading on July 22. A concert party of a shareholder holding more than 5% of Dongwang Times increased its total holdings in the company by 1.08%.

Gbit Chairman Lu Hongyan has proposed formulating a 2026 semi-annual dividend plan, intending to distribute a cash dividend of 100 yuan per 10 shares, tax included, to all shareholders based on the total share capital after deducting shares in the repurchase account. Wuzhou Medical plans to acquire 100% equity of Xuanzhi Electronic Technology Shanghai Company Limited through a combination of share issuance and cash payment, entering the motor control chip sector; the company's shares will resume trading on July 22. GigaDevice plans to use 500 million yuan of A-share raised funds to increase capital in its wholly-owned subsidiary Zhuhai Hengqin Xincun Semiconductor Company Limited to implement a DRAM fundraising project. Several companies have released semi-annual performance forecasts: Yuanjie Technology expects net profit attributable to the parent company to increase by 1196.91% to 1304.98% year-on-year; Zhongyi Technology expects an increase of 879.55% to 1075.46%; and Feinan Resources expects an increase of 245.36% to 314.43%. SF Holding has completed its 2025 first-phase A-share buyback plan, repurchasing a total of 160 million shares with a total transaction amount of approximately 5.999 billion yuan. Sungrow Power's chairman has proposed a share buyback of 500 million to 1 billion yuan; Putailai plans to buy back shares worth 200 million to 300 million yuan; and Wolong Electric's chairman has proposed a buyback of 50 million to 100 million yuan. China Vanke's largest shareholder, Shenzhen Metro Group, has provided the company with a loan of up to 519 million yuan. Titan Wind Energy's wholly-owned subsidiary has received an order from an international shipowner for two plus two crude oil tankers, with a total contract value of approximately 1.874 billion yuan. ST Dongjing has had its delisting risk warning removed, and its stock abbreviation will change to Dongjing Electronics starting July 23.

On July 15, the gaming sector strengthened during the session, with several companies forecasting significant first-half profit growth. Century Huatong announced it expects net profit attributable to shareholders of the listed company for the first half of 2026 to be between 4.30 billion and 4.77 billion yuan, a year-on-year increase of 61.87% to 79.57%. Yoozoo Games expects net profit for the same period of 200 million to 300 million yuan, up 298.76% to 498.14%. G-bits expects net profit of 1.01 billion to 1.10 billion yuan, up 57% to 71%. A research note from GF Securities pointed out that in the first five months of 2026, China's actual game market sales revenue reached 158.416 billion yuan, up 12.3% year-on-year, while overseas revenue from self-developed games hit 10.402 billion US dollars, up 31.1%, with industry prosperity continuing. A China Merchants Securities research note believes the core driver of global mobile game growth has shifted to rising purchasing power, AI technology is becoming a key tool in game development, going overseas is a clear trend, and the overseas market is about 2.7 times the size of China's domestic market.

G-bits has released its performance forecast for the first half of 2026, estimating net profit attributable to shareholders of the listed company at 1.01 billion to 1.1 billion yuan, compared with 645 million yuan in the same period last year, representing a year-on-year increase of 57% to 71%.