\u3000\u3 Shengda Resources Co.Ltd(000603) 444 G-Bits Network Technology(Xiamen)Co.Ltd(603444) )
Event: at 10:00 a.m. on February 25, the blockbuster IP mobile game “Obi Island: dream country”, released by the thunder game of G-Bits Network Technology(Xiamen)Co.Ltd(603444) and developed by Baiao family interaction, opened a file deletion limit billing test called “dream building agreement” on the Android platform.
Comments:
13 years of operation and heavy IP online test. Obi island is a children’s web game officially released on September 25, 2008. It has three core highlights: virtual bear image, excellent character clothing and various in-game social networking. Since its launch in 2008, “Obi island” page tour has been in operation for 13 years, with more than 300 million cumulative registered users and a peak of 11 million monthly active users. According to the survey of “Ai Rui island” in 2012, 29.5% of the teenagers were active in the community counseling. Obi Island, Moore Manor and Locke Kingdom are one of the three major leisure and entertainment communities of generation Z. On February 23, G-Bits Network Technology(Xiamen)Co.Ltd(603444) its thunder game officially announced “Obi Island: dream country” developed by Baiao family interaction, and officially opened the full platform reservation. It is planned to be officially launched in 2022. Obi Island: a dream land welcomes the popularity of old players. On April 30, 2021, the first day of opening reservation, the number of reservations exceeded 1 million; At present, the official statistics of the number of reservations on the whole platform has exceeded 4 million. The microblog topic “Obi Island Tour” has been read 130 million times; Baidu search “Obi Island mobile Tour” has 13.3 million results.
Leisure simulation operation + MMO play method. Obi Island: dream country is played by leisure simulation management + MMO. It restores many classic playing methods of OBI Island page tour. The main labels are farming management, dressing up and leisure, collection and breeding, leisure and entertainment. The image is a classic lovely virtual bear image. The game style is biased towards 2.5D, with more real physical collision and exquisite painting style. In the game, players can plant, raise livestock, cook, manufacture, etc. in the construction of their homes, which is basically the element to accommodate the needs of most nurturing games. It is worth mentioning that the planting that occupies most of the time in other games is simplified in Obi Island, which can quickly grow and harvest vegetables. Generally speaking, the liver degree is low. Social networking and Games bring rich experience to players. Play down game payment and emphasize the game itself.
Investment suggestion: G-Bits Network Technology(Xiamen)Co.Ltd(603444) layout diversified product matrix, covering game categories such as placement and cultivation, simulation operation, roguelike and strategy. Leisure simulation operation + MMO social play game Obi Island: dream country will be launched this year. After 13 years of operation, heavy IP will return. At present, the reservation of the whole platform has exceeded 4 million. The data of the company’s stock games from January to February showed brilliant performance, and thunder has rich reserves of game version numbers that can issue new games. “Ask” the mobile game has a stable long-term operation, and the long-term flow continues to maintain a good trend; “Yinian Xiaoyao” went online on February 1, 2001. After going online, it continued to maintain the buying mode. From January to February of 22, it was still placed in Xiuxian, with excellent performance. In terms of new tour, the action adventure RPG end tour era: variation will be launched in March 22, and the research and development of self-developed games is being carried out closely. In terms of distribution, thunder game has launched the “thunder village” app as a gaming community platform. The game community will promote good interaction between developers and players and contribute to the success of high-quality games.
According to wind’s unanimous expectation, the company’s net profit attributable to the parent company in 21-23 years is RMB 1.578 billion, 1.818 billion and 2.137 billion respectively, with the expected growth rate of 50.86%, 15.18% and 17.55% respectively, and the corresponding valuation is 14x / 12x / 10x respectively. It is suggested to focus on.
Risk factors: the progress of version number acquisition is not as expected, the quality of new products is not as expected, the launch of new games is delayed, the flow of games is not as expected, and the game policies at home and abroad are strictly supervised.
