Shulou(Shulou.com)11/24 Report--

According to news from CTOnews.com on August 30, Giant Network today released its half-yearly report for 2023, with revenue of 1.443 billion yuan, an increase of 35.68 percent over the same period last year, and a net profit of 664 million yuan, an increase of 32.95 percent over the same period last year.

Among them, the performance in the second quarter was outstanding, with revenue of 936 million yuan, an increase of 93.58% over the same period last year, and a net profit of 419 million yuan, an increase of 83.57% over the same period last year. Giant network for the first time interim dividend, the amount of about 247 million yuan.

The report said that thanks to the excellent performance after the launch of the company's flagship new product "original journey" and the stable operation of various mature product lines, the company's second-quarter results showed explosive growth, and revenue and net profit increased significantly compared with the same period last year and month-on-month.

In the second half of the year, Giant Network will maintain its investment in the research and development of a new version of "original Journey", continue to polish core games, improve novice experience, and upgrade art design, and plans to launch "original Journey-official version" in the fourth quarter. Shi Yuzhu will continue to participate in the product research and development, polishing the official version to what he thinks is ideal. Original Journey also plans to launch a Mini Program version to realize the interconnection between Mini Program and App servers.

CTOnews.com found from the report that Giant Network also disclosed the medium-term profit distribution plan, which was based on the total share capital deducted from the total number of shares in the company's special repurchase securities account on the equity registration date when the distribution plan was implemented in the future, and paid a cash dividend of 1.30 yuan for every 10 shares to all shareholders, and the cash dividend amount was about 247 million yuan. This is the first interim dividend since listing, with the dividend ratio reaching an all-time high of 37%. Including the 88.93 million cash buybacks implemented by the company in 2023, the dividend ratio is 50 per cent.

In the current hot AI, Giant Network said that it is actively laying out the application of AI-related technology, and has made initial progress in reducing costs and increasing efficiency in AIGC, as well as the use of "game + AI" to enhance user experience and innovate game play.

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