NETDRAGON (00777) rose over 4% in the afternoon. As of the time of release, it has increased by 3.98%, priced at 10.18 Hong Kong dollars, with a trading volume of 33.8507 million Hong Kong dollars.
Zhitong Finance APP learned that NETDRAGON (00777) rose over 4% in the afternoon, and as of the time of writing, it has increased by 3.98%, trading at 10.18 Hong Kong dollars, with a transaction volume of 33.8507 million Hong Kong dollars.
On the news front, on December 20, NETDRAGON officially launched the first test of the self-developed licensed game "Magic Domain World". It is reported that this game is a 3D top-down MMORPG. A previous Research Report from CITIC SEC pointed out that the 4-5 new games soon to be released by NETDRAGON are expected to contribute significantly to the company's growth in 2025; the company's Education Business is also expected to continuously improve its long-term profitability through Saas business. The rating for NETDRAGON is maintained at "Buy" with a Target Price of 18 Hong Kong dollars.
Anxin International previously stated that NETDRAGON's gaming fundamentals remain solid. In the first half of the year, the company's gaming business revenue was 1.86 billion yuan, accounting for 87.8% of the gaming and application service revenue. The three flagship IPs, "Magic Domain", "Conquest", and "Spirit of Souls", all achieved year-on-year and quarter-on-quarter growth in domestic PC game revenue. Additionally, the company's new games are ready to launch, with progress on the upcoming game pipeline going smoothly.
