Gibbit responded to an inquiry saying that there were no major matters that should be disclosed and undisclosed and that future operating results may fluctuate

In response to an inquiry letter from the Shanghai Stock Exchange, Gibbitt said that there were no undisclosed matters that had a significant impact on the stock price in Lu Xianyan, the company's controlling shareholder and actual controller.

original title: gigabit says future operating results may fluctuate. Why do analysts still say it is "rare"?

on the evening of March 16, Xiamen Gigabit Network Technology Co., Ltd., an online game developer competing with Guizhou Moutai for the seat of the highest-priced A-share, said in its reply to the inquiry letter of the Shanghai Stock Exchange that there was no undisclosed matter that had a significant impact on the stock price in Lu Xianyan, the company's controlling shareholder and actual controller.

in addition, Gibbit mentioned in its reply that "the company's operating results may fluctuate or decline, resulting in the inability to maintain sustained high growth."

A professional in the game forum said in an interview with a reporter that if the previous positioning of gigabit was a very "awesome" developer, this "ask" mobile game was developed spontaneously by gigabit, which means that the benefits of the two profits all belong to gigabit. Coupled with the larger market space for mobile games, investors have more confidence in gigabit.

as of March 16, Gibbit closed at 360.97 yuan per share, up 1.89%, ranking second in A shares, second only to Guizhou Moutai, the leader.

< strong > Gibbit said future results may fluctuate < / strong >

in intraday trading, Gibbit opened higher and rose higher, reaching as high as 375.18 yuan per share at 10:35, surpassing Guizhou Moutai to become the most expensive A-share stock at that time.

on the evening of March 14, Gibbit announced the receipt of a letter of inquiry from the Shanghai Stock Exchange. The Shanghai Stock Exchange pointed out that the share price of Gigabit has risen a lot recently, and media reports are relatively concentrated. First of all, gigabit and actual controllers are required to compare with the relevant provisions such as the Stock listing rules. State whether there is a need to disclose undisclosed matters that have a significant impact on the stock price, and whether there is a need for supplementary announcements in the disclosed announcement.

in response, Gibbitt replied that there were no undisclosed matters that had a significant impact on the stock price that should be disclosed by the controlling shareholder and actual controller Lu Xianyan. including, but not limited to, significant asset restructuring, share issuance, debt restructuring, business restructuring, divestiture and asset injection.

in response to the inquiry letter of the Shanghai Stock Exchange, Gibbit pointed out that the company is mainly engaged in the research and development and operation of online games. In recent years, with the rapid development of the online game industry, the company's operating performance is basically stable. As "QQ Mobile Games" was launched in April 2016 and achieved good results, the company's operating performance increased significantly in 2016.

at the same time, Gibbit said that due to the increasingly fierce market competition in the online game industry, the short time for mobile games to go online, the operation situation is not yet stable, and other risks that the company will face in the future, may lead to fluctuations or decline in the company's operating performance. The company reminds investors that they should fully understand the risks in the stock market and the risk factors disclosed by the company, avoid blindly following the trend of speculation, and should make prudent decisions and invest rationally.

according to Gibbit, the company's revenue mainly comes from online games such as "ask questions", "Mobile Games" and "Douxian". From 2013 to January-September 2016, the revenue of the three games accounted for 95.25%, 93.15%, 88.63% and 96.79% of the current operating income, respectively. Among them, the proportion of revenue of "ask" in the same period was 87.86%, 67.55%, 72.8% and 18.88%, respectively.

in addition, "ask the way", "Douxian" and "Mobile Game" were officially launched in 2006, July 2013 and April 2016, respectively. By the end of September 2016, the cumulative number of registered users of "QQ" had exceeded 380 million and the cumulative recharge amount exceeded 7 billion yuan.

according to the disclosure, gigabit's net profit attributed to the parent company in 2015 is 175 million yuan, and the net profit attributed to the parent company is expected to increase by 195% to 235% year on year.

Gibbit warned that due to the increasingly fierce market competition in the online game industry, the short online operation time of "QQ Mobile Games", the operation situation is not yet stable, and other risks that the company will face in the future, the company's operating performance may fluctuate or decline, resulting in failure to maintain sustained high growth.

< strong > Why is gigabit popular? < / strong >

Gibbit Xiamen Gigabit Network Technology Co., Ltd., founded in March 2004, is an Internet company specializing in the development of online games and mobile games, and is a pure mobile game concept stock. Gigabit's office address is located in Room 101, No. 4 Wanghai Road, Phase II, Xiamen Software Park, Fujian Province.

Gigabit Securities told reporters that it was not possible to arrange an interview because it was in the window before the release of the company's 2016 annual report. It is reported that the company will disclose its annual report on March 28.

Gigabit landed on the Shanghai Stock Exchange on January 4 this year, and its share price soared in a short period of time. On the first day of listing, gigabit closed at 77.76 yuan with a top increase of 44%. Then, in a short period of two months, the company's stock price started at 54 yuan, broke through the 200 yuan mark after 11 consecutive "one" price rises, and then easily advanced to the list of 300 yuan high-priced shares, becoming one of the most profitable new stocks in the capital market this year.

in addition, Gigabit also created many "firsts" of A-shares at the same time: the first domestic game company listed independently on the A-share motherboard without backdoor.

Gibbitt has successfully launched and operated a number of games since its inception. At present, its main products include: 2D round MMORPG "ask", "Xiaoyao Online", "ask"; 3D real-time massively multiplayer online role-playing game (MMORPG) "Douxian"; web game "chaos" as well as mobile games "ask Mobile Tour", "Goddess Awakening", "beheading God" and so on.

in the domestic iOS game revenue ranking TOP10 in December 2016, except for the games developed by Tencent and NetEase, the only thing left is Gigabit's "ask".

in the view of gaming professionals, gigabit itself has a good reputation as a research and development company in the industry, and when it comes to gigabit, they all mention its masterpiece "ask".

A commentator with more than 10 years of experience in the game industry said: "the income is very good, it is a 10-year PC game, and mobile games are now very stable on the list."

another game forum professional said in an interview with reporters that "ask" mobile games is indeed a key factor in the rise of gibbits. it was once a rpg product second only to "Fantasy Journey to the West". More importantly, as a developer, Gibbitt specially set up a publishing company to release this game, which is tantamount to their own self-developed products, with greater profits for success.

he explained: "because the question used to be a PC game product, it was played on PC." That product used to be developed by Gibbit and operated by Beijing Guangyu Huaxia at that time. At that time, the game was a great success, but after all, it was because there were two roles, one was a developer, the other was an operator, and the two people shared the money. "

Ping an Securities analyst Lin Juan called Gigabit a "positive layout of the game research and development giant", believing that Gigabit is a rare leading R & D enterprise, realizing the successful mobile adaptation of the PC game IP, and actively carrying out the investment layout of game-related industries. Since 2016, Gibbit has actively carried out the ecological layout of the game, has invested in more than 10 game-related companies, and is expected to increase the ecological layout in the future.

according to Lin Juan, the net profit of gigabit from 2016 to 2018 is 501 million yuan, 604 million yuan and 731 million yuan, EPS is 7.03,8.48,10.27 yuan, and the corresponding PE is 12.2,10.1,8.3 times.

< strong > < / strong >

< / strong >

< strong > shareholders of Hunan Wenlun State-owned shares < / strong >

the controlling shareholder and the actual controller is 40-year-old Lu Shiyan, who currently holds 40.53% of Gigabit. In addition, Chen Tuolin, a concerted activist of Lu Xianyan, owns 15.44% of Gibbit. It is understood that Chen Tuolin and Lu Xianyan are classmates in junior and high school, and both of them have worked in software design and development in world-famous enterprises. Gibbit's prospectus said they "have a long-term good personal relationship and common values."

it is understood that the ownership structure before the gigabit offering is as follows:

Gibbit said that future operating results may fluctuate. Why do analysts still say it is" very rare "?

in addition to the actual controller Lu Xianyan and his concerted actors, other shareholders who hold more than 5% of Gibbit's equity include Hunan Wenliu and harmonious growth. Among them, Hunan Wen Lu is the state-owned shareholder of mixed ownership, which involves the conversion of state-owned shares.

according to the relevant provisions of the measures for the implementation of the domestic Securities Market to transfer some State-owned shares to enrich the National Social Security Fund (Financial Enterprises [2009] No. 94), the state-owned shareholders of this kind of state-owned shareholders shall multiply their shareholding ratio by the amount of rights that should be transferred by such state-owned shareholders to perform the conversion obligation.

approved by the Hunan Provincial Department of Finance on agreeing to the conversion of state-owned shares of Hunan Culture and Tourism Investment Fund Enterprises (Limited Partnership) when Gibbit is listed (Hunan Finance letter [2016] No. 46), after Gibbit's initial public offering of A-shares and listing, Hunan Wen Lu and Harmony Tiancheng (Harmony growth General partner) agreed that Hunan Wen Lu should bear 60% of the above-mentioned total funds. Harmonious Tiancheng undertakes 40% of the total amount of funds that should be handed over.

Public data show that harmonious growth was established on August 26, 2010. From the situation of harmonious growth of limited partners, it is found that many of them are state-owned units, and there is the figure of the social security fund. According to the gigabit stock transfer, as of December 31, 2015, the total assets of Harmony growth were 8.251 billion yuan and the net assets were 8.25 billion yuan; the net profit in 2015 was 3.85 billion yuan; as of June 30, 2016, the total assets of Harmony growth were 8.067 billion yuan and the net assets were 8.066 billion yuan; the net profit from January to June 2016 was 1.27 billion yuan (the above data have not been audited).

Edit: nancy