Bank of America Securities published a research report stating that Jinshan Software's revenue for the first quarter of fiscal year 2024 increased 8% year-on-year, in line with market consensus and the bank's expectations. Mainly due to the steady growth of the company's office software business, which was partially offset by a 1% year-on-year decline in the online gaming business; net profit increased 48% year-on-year and 39% quarterly, mainly due to the operating leverage and loss reduction factors of the associated companies.

Furthermore, in response to the accelerated growth of its gaming business, Jinshan Software's management raised the revenue growth target for the 2024 fiscal year from the number of units to about 10%. Bank of America raised Jinshan Software's net profit forecast for the 2024-2026 fiscal year by 10% to 12%. It also indicated that the company is still the bank's first choice in the mainland software sector. At the same time, it raised its target price from HK$35 to HK$36, reaffirming its “buy” rating.