Glonghui, May 24 | Jinshan Software (3888.HK)'s net profit for the first quarter was HK$285 million, an increase of 48% year-on-year. According to a report published by Jefferies, Jinshan Software's adjusted operating profit for the first quarter was better than expected, raised the company's annual game revenue forecast, and raised the target price from HK$34 to HK$35, maintaining a “buy” rating. According to the report, Jinshan Software's revenue for the first quarter was in line with expectations; in terms of online games, management indicated that the new game “Snowbreak: Containment Zone” (Snowbreak: Containment Zone) received positive feedback, and the mobile version of “Sword Man Affair 3” will be launched in June; management expects the game market to close this year by 10% year-on-year. As for “Jinshan Office,” the first AI commercialization was launched in March. Jefferies raised Jinshan Software's annual game revenue forecast to reflect the contribution of new games.