The listed game company gigabit , which was once popular because of "The Sheep", became popular again this time. On October 27, the company's stock price opened higher and closed higher and directly hit the daily limit. The reason why
became popular again is that on the evening of October 26, while Jibit disclosed its third quarter report, it also disclosed the company's profit distribution plan for the first three quarters. The company's third-quarter performance was actually just average. The revenue in the first three quarters was 3.83 billion yuan, an increase of 9.89% year-on-year; the net profit attributable to shareholders was 1.012 billion yuan, a decrease of 16.07% year-on-year. However, the profit distribution plan launched by the company is intimidating, and plans to pay 140 yuan in cash for every 10 shares, with a total amount of 1.006 billion yuan. This distribution plan almost distributes all its net profit attributable to shareholders in the first three quarters, which is a typical "clearance dividend".
In fact, as a listed company, it is rare to distribute profits in the third quarter report, and it is unique to conduct such "clearance dividends" in the third quarter report, only Gibit. Since Jibit's actual controller Lu Qianyan holds 30.1% of the company's shares, it will take away nearly 303 million yuan of cash dividends through this dividend, which is undoubtedly the biggest beneficiary of this dividend. Therefore, some investors privately said that the actual controller "has ugly" and can't wait.
In fact, as long as it is legal and compliant, even if the actual controller is a little "ugly" in appearance, it is irreproachable. Jibit couldn't wait to launch a "clearance dividend" in the third quarter report, which is not ruled out that the actual controller of the company has financial needs. Since the dividends of the third quarter report are not prohibited by laws and regulations, then the dividends of the third quarter report are legal. In this way, the company proposes an allocation plan in accordance with the statutory procedures, which is legal and compliant, and there is nothing worth talking about. Although the actual controller is the biggest beneficiary of dividends, it is natural to obtain dividends based on the shareholding ratio. Therefore, although the actual controller has a little bit ugly in eating, it is within the scope permitted by laws and regulations, and it is meaningless for outsiders to say that the long-term and short-term situation is meaningless.
For the actual controller, it doesn’t matter at all that “eating is ugly”. It’s just to get the benefits you deserve one quarter in advance. After all, high payment is the "label" of Gibit, and the company has been paying high payments in recent years. According to statistics, from 2017 to 2021, its dividend payment ratio was 30.65%, 99.43%, 44.41%, 82.41% and 78.3% respectively. In the past 2021, Jibit took out 1.15 billion yuan in profit dividends. Based on the shareholding ratio, the actual controller Lu Qianyan even took away 346 million yuan. Therefore, there is nothing to make a fuss about Lu Qianyan, the actual controller of this year's third quarter report, taking away a bonus of 303 million yuan, which is just a common occurrence.
Judging from the profit distribution since Gibit's listing, the company has basically paid high cash dividends, and 2018 was almost also a "clearance dividend". Although this approach is ostensibly to repay investors, the actual controller is actually the biggest beneficiary. The reason why the company chooses to pay high cash dividends is actually a helpless move.
chooses to pay high cash dividends, or even "clearance dividends", is obviously because the company has too much money. But Gibit cannot choose to cancel repurchase to protect investors' interests. Although the company's stock price has also been halved in the past year, the company can only repay investors with high cash dividends. Because the company is originally a small-scale company, with a total share capital of only 71.87 million shares. If the company's shares are repurchased, the liquidity of the stock will become a serious problem.
and the company is not suitable for great development. Because the company is a game company and is the leading online game content provider in my country, the company has operated many games such as "Ask the Way Mobile Game", "Yi Mind Freedom", "Moore Manor", "Ghost Valley Eight Wilderness (PC Version), "Demon Abyss Blade", "The Strongest Snail (Hong Kong, Macao and Taiwan Version), "Incredible Maze", "Underground Castle 2: Dark Awakening (Android Version), "Alien Land", "Wonderful Fighter". The company also has 20% of the profit rights for "The Sheep", which became popular this year. But this kind of game company should obviously not "greatly developed", because the more it develops, the more Chinese parents are worried. The bigger it develops, the more Chinese people are addicted to games.Therefore, the game industry is to a certain extent an industry that harms the country and the people. Such an industry needs to control its development scale.
Because gigabits are not suitable for big development, it is normal to split the profits every year. While the market is currently sluggish, Jibit's stock price has also been falling repeatedly. In this case, Jibit launched a "clearance dividend" method, which not only met the actual controller's demand for funds, but also boosted the company's stock price. Why not do this?
, however, A-share market 's stock issuance system needs to be reflected on. A shares listing resources are already scarce. Is it worth it to list a game company like Jibit? This kind of game company has caused complaints among Chinese people, especially among students and parents, which harms the people, especially teenagers. Should the stock market say "no" to such companies? For such game companies, the capital market should completely show them a "red card".
