吉比特:G-bits Network Technology (Xiamen) Co., Ltd. 2023 Annual Report (Summary)

【摘要】StockCode:603444StockName:G-bitsG-bitsNetworkTechnology(Xiamen)Co.,Ltd.2023AnnualReport(Summary)March2024Shouldtherebean...

Stock Code: 603444                                      Stock Name: G-bits
    G-bits Network Technology (Xiamen) Co., Ltd.

          2023 Annual Report (Summary)

                  March 2024

Should there be any discrepancy between the English version and the Chinese version of this Report,
the Chinese version shall prevail.


                Part I Important Notes

I. The summary of the Annual Report is extracted from the full text of the Annual Report.
To gain a thorough understanding of the Company's operational achievements, financial
status, and future development plans, investors are advised to carefully read the full
Annual Report on the website www.sse.com.cn.

II. The board of directors (or the “Board”), supervisory board, directors, supervisors, and
senior management of the Company guarantee the truthfulness, accuracy, and
completeness of the annual report, ensuring that there are no false records, misleading
statements, or material omissions. They also bear individual and joint legal
responsibilities.

III. All directors of the Company attended the board meeting for the review of the Annual
Report.

IV. KPMGHuazhen LLP has issueda standard unqualifiedauditopinionfor the Company.
V. The profit distribution proposal or reserve capitalization proposal for the Reporting
Period approved by the Board of directors

  In recent years, the number of R&D personnel in the Company has been continuously
increasing. By the end of 2021, 2022, and 2023, the company had 530, 692, and 855 R&D
personnel, respectively, with a sustained increase in R&D investment. However, due to factors
such as intensified market competition and changes in consumer willingness to spend, the core
productrevenueofthe Companyexperienced adecline. Takingintoaccounttheaforementioned
factors, as well as the potential capital investment in subsequent reserve projects, the capital
needs for overseas business development, and the funding requirements for the execution of
repurchase plans, the Board of Directors of the Company, at its 20th meeting of the 5th session,
deliberatedanddecidednottodistributecashdividendsfortheyear2023,nortodistributeprofitsin any other form.

  To share the operational achievements and boost investor confidence, it is proposed to
authorize the Board of Directors to decide on the mid-term profit distribution plan for 2024

(including the semi-annualand firstthree quarters)underthe following conditionsand implement
it within the specified period: (1) The Company is profitable for the period, and the accumulated
undistributed profits are positive. After evaluating the current operating conditions and the funds
required for sustainable future development, the Board of Directors deems the funds to be
sufficient, and itis suitable to distribute cash dividendsfor the period; (2) The cumulative amount
of cash dividends during the period shall not exceed 100% of the net profit attributable to
shareholders of the Company.

  The above proposal is subject to approval by the shareholders' meeting.

  The Company completed the cash dividend distribution for the 2023 interim period on
September 27, 2023, totaling RMB 504 million. The cash dividend amount for the full year 2023
accounted for44.82%of netprofitattributable to shareholdersofthe Companyin the Company's
2023 consolidated financial statements.


            Part II Basic Information of the Company

 I. Company Profile

                                Stock Profile

 Types of Stocks  Stock Exchange  Stock Name    Stock Code    Previous Stock
                                                                Name

    A-shares    Shanghai Stock      G-bits          603444          N/A

                  Exchange

    Contact Information          Board Secretary            Securities Affairs

                                                        Representative

        Name          LIANG Lili                  CAI Luxi

        Telephone        0592-3213580              0592-3213580

      Office Address      G-bits Building, No.4 Wang Hai  G-bits Building, No.4 Wang Hai

                        Road, Software Park II, Xiamen  Road, Software Park II, Xiamen

          Email          ir@g-bits.com              ir@g-bits.com

 II. Key Accounting Data and Financial Indicators of the Company

 （I） Key Accounting Data and Financial Indicators for the Past 3 Years

                                                            Unit: RMB Yuan

      Item        31 December 2023  31 December 2022  YoY+/- (%)  31 December 2021

Total assets            6,636,771,238.42  6,490,420,298.78      2.25  7,103,275,522.22

Equity attributable to

shareholders of the      4,463,842,027.96  3,978,734,566.03      12.19  4,580,137,503.55
Company

      Item              2023            2022      YoY+/- (%)      2021

Operating revenue      4,184,851,388.03  5,167,615,488.17    -19.02  4,619,046,080.80

Net profit attributable

to shareholders of      1,125,119,212.35  1,460,874,459.68    -22.