【财华社讯】网龙(00777.HK)旗下子公司创奇思(Cherrypicks)宣布与Snowball达成策略合作，携手加速 业务增长，开拓全新发展机遇。创奇思屡获亚太区业界肯定，于数码营销及人工智能(AI)领域具领导地 位，凭藉先进流动科技及深厚市场洞察，长期在香港及亚太区为客户缔造卓越成效。 本文源自：财华网 ...

Market Overview - On December 9, Hong Kong stocks experienced volatility, with the Hang Seng Index and Hang Seng Tech Index falling by 1.29% and 1.9% respectively [1][8] - Major tech stocks saw collective declines, with Xiaomi Group-W down over 3%, Kuaishou-W and Meituan-W down over 2%, Alibaba-W down over 1%, and Tencent Holdings stabilizing at a 0.41% drop [1][8] ETF Performance - The Hong Kong Internet ETF (513770), a key tool for AI investment, saw a price drop of 1.09%, while the Hong Kong Large Cap 30 ETF (520560) fell by 1.37% [1][8] - Both ETFs experienced significant premium trading, indicating active buying interest during price dips [1][8] Investment Insights - The approval by Trump for Nvidia to deliver H200 to Chinese clients is expected to enhance China's overall computing power supply, benefiting domestic cloud service providers and promoting AI applications among companies like Tencent and Alibaba [3][10] - Analysts remain optimistic about the internet sector's cyclical properties combined with the upward trend in AI, suggesting that major players will likely lead any technological advancements [3][10] - The upcoming Federal Reserve interest rate decision is anticipated to be a "hawkish rate cut," which may temporarily suppress Hong Kong stock rebounds but could enhance the long-term investment appeal of the tech sector [3][10] Fund Inflows - Recent data indicates significant capital inflows into the Hong Kong Internet ETF (513770) and the Hong Kong Large Cap 30 ETF (520560), with net inflows of 164 million and 35.16 million respectively [4][11] - The top holdings in these ETFs include Alibaba-W and Tencent Holdings, with respective weights of 18.74% and 14.84% for the Internet ETF, and 16.74% and 14.89% for the Large Cap ETF [4][11] ETF Characteristics - The Hong Kong Internet ETF (513770) tracks the CSI Hong Kong Internet Index, which heavily invests in leading internet companies, with over 73% of its top 10 holdings focused on AI cloud computing and applications [6][13] - The fund has a scale exceeding 10 billion, with an average daily trading volume of over 600 million, providing good liquidity and supporting T+0 trading without QDII restrictions [6][14] - The Hong Kong Large Cap 30 ETF (520560) employs a "technology + dividend" strategy, balancing high-growth tech stocks with stable dividend-paying companies, making it an ideal long-term investment tool [6][14]

Core Insights - Mynd.ai's subsidiary Promethean has formed a strategic partnership with Augment Me Inc. to enhance cognitive abilities and engagement in educational settings through AI technology [1][3] - The integration of Augment Me's AI solutions into Promethean's flagship software ecosystem, ActivSuite™ and Explain Everything®, aims to create higher value for customers and upgrade the learning experience [1][3] Product Update - A significant product update is set to launch in December, enabling the direct application of Augment Me's advanced AI technology in classroom settings, transitioning traditional digital screen applications to dynamic, personalized learning experiences [2][4] - Teachers will be able to access real-time data analytics on student attention, participation, and cognitive readiness without additional logins or complex setups [2][4] Features and Benefits - The system will provide actionable suggestions to enhance student focus, manage well-being, and plan time effectively, along with adaptive feedback reports for each learning session [5] - The initial phase of this update will be available to Explain Everything Advanced users, with plans to expand functionalities in the future [5] Strategic Commitment - The collaboration underscores Mynd.ai's commitment to enhancing customer value and optimizing its brand ecosystem, marking a significant step in Promethean's expansion of AI-driven learning capabilities [5] - The integration of AI-driven interactive tools into core products like ActivSuite™ and Explain Everything® will enhance classroom flexibility, mobility, and teacher control, while opening up more personalized, data-driven teaching pathways [5]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 網龍網絡控股有限公司 呈交日期: 2025年12月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00777 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | USD | | 0.01 | USD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 1,000,000,000 | USD | | 0.01 | USD | | 10,000,000 | 本月底法定/註冊 ...

智通财经APP获悉，东吴证券发布研报称，预期网龙(00777)2025–2027年归母净利润分别为4.0/6.7/6.8亿 元，当前市值对应PE分别为13.6/8.1/8.0倍。SOTP估值法下，公司目标市值85.0亿人民币，对应港股目 标价17.59港元/股。该行看好公司存量游戏稳健运营，教育业务受益设备更新周期，AI全面赋能游戏教 育，多元投资贡献业绩增量。首次覆盖，给予"买入"评级。 东吴证券主要观点如下： 游戏：长青IP构筑基本盘，AI赋能助力降本增效 教育：教育互动显示设备龙头，AI+SaaS开启转型新周期 子公司Mynd.ai为全球教育互动显示设备龙头，其中2016-2024年普罗米休斯累计销量达137万台，2024 年全球存量设备市场市占率近16%位居全球第一，覆盖全球100万间以上教室。考虑北美2020–2021年疫 情高峰期采购的教育设备陆续到期，下一轮替换周期渐进，长期市场空间广阔。2025H1公司SaaS生态 初步成型，Explain Everything延续增长趋势，公司通过收购Merlyn Mind引入AI语音助手提升用户对硬 件的语音控制能力并实现软件端的教学资源库与SaaS工具联 ...

证券研究报告 东吴证券晨会纪要 东吴证券晨会纪要 2025-12-03 宏观策略 [Table_MacroStrategy] 金融产品深度报告 20251202：恒生科技 ETF， 2025 年 11 月复盘及 12 月展望 事件驱动盘点： 宏观层面：宏观层面，海外与国内因素共同压制市场。 国内需求数据虽有改善，但 10 月制造业 PMI 回落打击市场信心；海外因 美国关键数据缺失及 9 月非农数据背离，导致宏观能见度骤降，影响流 动性宽松预期并压制全球投资者的风险偏好。在内外双重不确定性下，资 金避险情绪浓厚，致使指数重心下移并进入缩量盘整。 政策层面：政策 层面，流动性支持与产业指引为市场提供支撑。国内"财政发债+货币续 作"有效对冲资金扰动，海外美联储释放鸽派信号，共同稳定估值环境； 新能源、卫星物联网等产业政策密集出台，为相关板块基本面修复提供了 长期的利好支持。 行业层面：行业层面，消费科技板块财报呈现结构性 分化。美团、京东、阿里等因竞争激烈，战略投入扩大致利润回调甚至转 亏；腾讯、小米等通过出海与高端化实现盈利提升。AI 领域技术突破为 商业化开辟新路径，企业盈利差异成为影响市场预期的关键变量。 ...

网龙（00777.HK） AI 赋能游戏教育，多元投资增厚业绩 2025 年 12 月 02 日 买入（首次） | [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 7,101 | 6,047 | 4,641 | 4,932 | 5,267 | | 同比(%) | (9.73) | (14.84) | (23.25) | 6.27 | 6.79 | | 归母净利润（百万元） | 550.00 | 311.00 | 401.28 | 674.49 | 682.41 | | 同比(%) | (34.05) | (43.45) | 29.03 | 68.09 | 1.17 | | EPS-最新摊薄（元/股） | 1.04 | 0.59 | 0.76 | 1.27 | 1.28 | | P/E（现价&最新摊薄） | 9.89 | 17.50 | 13.56 | 8.07 | 7.97 | 证券研究报告·海外公司深度·软件服务(HS) [Ta ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 NetDragon Websoft Holdings Limited 網龍網絡控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：777） 有關二零二四年年報的補充公佈 就二零二四年購股權計劃而言，倘承授人於要約日期後28日或之前接納購股權， 須就此支付1港元。 除董事會全權酌情按個別情況另行決定外，該等獎勵將無償授予入選參與者，以 符合獎勵已經或將對本集團作出貢獻的合資格參與者的目的。董事會可視乎股份 現行市價、股份獎勵的目的以及相關入選參與者的特徵及情況，全權酌情決定股 份獎勵（如有）的購買價及任何有關款項的付款期限。 向合資格參與者要約的每份購股權的行使價由董事會全權酌情釐定，惟在任何情 況下不得低於以下三者中的最高者：(a)授出當日聯交所每日報價表所列的股份正 式收市價；(b)緊接授出日期前五個營業日聯交所每日報價表所列的股份正式收市 價平均數；及(c)股份面值。 1 上述補充資料不會影響 ...

网龙向所有奋不顾身投入救援的消防及救护人员，以及第一时间响应的前线团队致以崇高敬意，感谢他 们在危难关头以专业与勇气守护生命安全，并向所有受灾居民及家庭表达深切慰问与关怀。网龙坚信， 风雨同心、共助重建，面对突发灾情，社会各界齐心协力，方能凝聚最大的支持力量。 网龙成立于 1999 年，香港上市逾18年，是全球领先的互联网社区创建者。过去十年，网龙深耕教育领 域，以AI技术赋能全球190多个国家和地区，积极响应 UNESCO 推动全球教育公平的愿景。无论在AI 科技或社会公益领域，网龙的核心使命始终如一——以实际行动支持社区、推动优质AI教育资源的全 球共享，促进发展中国家教育平权。此次驰援香港火灾灾区，不仅是企业履行社会责任的重要举措，也 是网龙一贯价值观的体现。网龙将持续关注灾情进展，与香港各界携手共渡难关、重建家园。 除上述捐款外，网龙子公司创奇思(Cherrypicks)第一时间牵头联动香港资讯科技界力量，为香港特区政 府官方物资捐赠平台(网址：www.taipodonation.hk)的搭建提供技术支持。愿这份汇聚的力量能在这一艰 难时刻，为大埔宏福苑的受灾居民带去切实帮扶与温暖支援。 智通财经AP ...

Group 1 - The core viewpoint of the articles highlights the response of NetDragon to the fire incident in Hong Kong, emphasizing their commitment to community support and disaster relief efforts [1][2] - NetDragon has pledged a donation of 5 million HKD for emergency assistance, medical support, temporary housing, and disaster recovery for affected residents [1] - The company’s subsidiary, Cherrypicks, provided technical support for the establishment of an official donation platform to aid the disaster relief efforts [1] Group 2 - Founded in 1999 and listed in Hong Kong for over 18 years, NetDragon is recognized as a leading creator of internet communities [2] - Over the past decade, NetDragon has focused on the education sector, leveraging AI technology to empower education in over 190 countries, aligning with UNESCO's vision for global educational equity [2] - The company's actions in response to the fire not only reflect its corporate social responsibility but also its core values of supporting community and promoting quality AI educational resources globally [2]