CITIC International published a research report indicating that NetEase (09999.HK) has shown strong performance in short-term client gaming, expected to drive online game revenue growth of approximately 40% year-on-year over the next three quarters. In addition, the company is accelerating globally in conducting ROI-oriented gaming development and operational evaluations to improve resource utilization efficiency.

CITIC International stated that it is confident in NetEase's core gaming capabilities and competitive advantages. Moreover, the company utilizes abundant cash to give back to shareholders through buybacks and dividends, maintaining its preferred 'Buy' rating and raising the Target Price for H-shares from 165 yuan to 181 yuan.