Which companies are involved in the game version number announced by the State Administration of Press and Publication this time? How many game version numbers have been announced this year?
Benefiting from the bullish news of the overnight game version number announcement, some Hong Kong stocks in the game industry have risen. As of press time, Netease-S (09999.HK), CMGE (00302.HK), Idreamsky (00799.HK), and XD Inc (02400.HK) rose by 3.60%, 2.08%, 0.70%, and 0.42%, respectively.
Note: The performance of gaming stocks
In terms of news, on June 25th, the National News Publishing Administration website disclosed information about the domestic online games approved for production in June 2024, with 104 domestic online games approved. This is the fifth time that the number of approved domestic online games has surpassed 100 in a single review.
Specifically, Tencent's "Rock Kingdom: World," G-bits Network Technology's "Find a Friend to Dig for Treasure," "Ask the Sword to Live Forever," 37 Interactive Entertainment Network Technology Group's "Douluo's Great World: Soul Hunting" are among the approved games.
Note: Information on domestic online game approvals in June 2024
Since the beginning of this year, domestic game version numbers have been issued once a month. As of now, a total of 689 new games (including 61 imported games) have obtained the version number, compared to 549 issued in the same period last year (including 27 imported games).
At the same time, the National News Publishing Administration website disclosed some changes in game approvals, such as Netease's "Teya Epic," XD Inc's "Dreams in a Cage," Netease's "Endless Hell," "Egg Roll Sliding."
Note: Game approval change information in 2024
Netease's shares rose by more than 4% at one point.
From the performance during the market session, Netease rose by more than 4% at one point and led the game industry stocks.
Note: Netease's performance
In addition to benefiting from the aforementioned game version numbers, some institutions continue to be bullish on the company's development. As Western Securities previously pointed out, Netease's fundamentals are stable, its game matrix is continuously enriched, its new games are outstanding in performance, and it is expected to continue to contribute to performance growth; the profitability of cloud music continues to improve, and AI empowerment has the potential to accelerate growth.
Western Securities predicts that Netease's revenue in 2024, 2025, and 2026 will be 117.6 billion yuan, 127.6 billion yuan, and 138.0 billion yuan, with a year-on-year increase of 14%, 9%, and 8%, respectively; Non-GAAP net income will be 36.8 billion yuan, 40.6 billion yuan, and 42.4 billion yuan, with a year-on-year increase of 13%, 10%, and 4%, respectively.