GLONGHUI, September 5 | Bank of China International released a research report stating that NetDragon's “buy” rating was maintained and net profit for 2023/24/25 was raised to 938/12.46/1,514 million yuan. The game business is steady, revenue has reached record highs, and profit and revenue growth rates are better than the bank's previous expectations; the sales contribution of the new education tablet will gradually be reflected in the next few quarters, and the SaaS subscription service will bring additional performance. The bank mentioned that in May 2023, Pumi launched a new, cost-effective product, Activ Panel LX, to enter the low-end tablet market. A large portion of orders for this product came from new customers, and sales will continue to increase in the next few quarters. Furthermore, the company is actively deploying AI technology in the game and education business, and AIGC technology has been gradually implemented in the game mid-Taiwan art pipeline.
大行评级|中银国际:维持网龙“买入”评级 利润及收入增速均好于预期
Bank Ratings | Bank of China International: Maintaining NetDragon's “Buy” Ratings, Profits and Revenue Growth Rates Are Better Than Expected
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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