Group 1 - Company NetDragon (00777.HK) announced a share buyback on September 17, 2025, costing HKD 1.0698 million for the repurchase of 92,000 shares [1] - The buyback price ranged from HKD 11.55 to HKD 11.78 per share [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 網龍網絡控股有限公司 第 1 頁 共 6 頁 v 1.3.0 FF305 確認 根據《主板上市規則》第13.25C條 / 《GEM上市規則》第17.27C條，我們在此確認，據我們所知所信，第一章節所述的每項股份發行或庫存股份出售或轉讓已獲發行人董事會正式授權批准，並遵 照所有適用上市規則、法律及其他監管規定進行，並在適用的情況下： (註7) (i) 上市發行人已收取其在是次股份發行或庫存股份出售或轉讓應得的全部款項； (viii) 有關債券、借貸股份、票據或公司債券的信託契約/平邊契據經已製備及簽署，有關詳情已送呈公司註冊處處長存檔（如法律如此規定）。 呈交日期： 2025年9月17日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | ...

Core Viewpoint - Citic Securities maintains a "Buy" rating for NetDragon (00777), projecting growth in the gaming business after core IP optimization and recovery in Mynd.ai business following tariff policy implementation, with a target price of HKD 16 for 2025 [1] Financial Performance - For the first half of 2025, the company is expected to achieve revenue of HKD 2.38 billion, with adjusted net profit reaching HKD 280 million after excluding impairment losses and one-time employee severance compensation [1] - The gaming and application services segment is projected to generate revenue of HKD 1.74 billion, with a gross margin of 86.2%, and a significant reduction in R&D, sales, and administrative expenses by 14.7% year-on-year [1] Earnings Forecast - Citic Securities forecasts EPS for 2025-2027 at HKD 0.64, HKD 1.10, and HKD 1.82 respectively, with a net profit estimate of HKD 690 million for the gaming and application services business in 2025, applying a 9x PE valuation [2] - The Mynd.ai business is expected to generate revenue of HKD 1.72 billion in 2025, with a valuation of HKD 900 million based on a 0.7x PS multiple [2] Strategic Developments - The company has made significant advancements in the technology and AI sectors, including a strategic partnership with Zhongke Wenge to promote leading AI models and applications outside mainland China [3] - Recent investments in AI edge device companies have led to the successful launch of a new generation of AI glasses, marking a key breakthrough in the consumer market [3]

Core Viewpoint - Citic Securities maintains a "buy" rating for NetDragon (00777), projecting growth in the gaming business and recovery in Mynd.ai following tariff policy implementation, with a target price of HKD 16 for 2025 [1] Group 1: Financial Performance - The company is expected to achieve a revenue of HKD 2.38 billion in mid-2025, with an adjusted net profit of HKD 280 million after excluding impairment losses and one-time employee severance compensation [1] - The gaming and application services segment is projected to generate revenue of HKD 1.74 billion in the first half of 2025, with a gross margin of 86.2% [1] - Sales, management, and R&D expenses have decreased by 4.6%, 14.0%, and 22.4% year-on-year, indicating significant optimization [1] Group 2: Earnings Forecast - Citic Securities forecasts EPS for 2025, 2026, and 2027 to be HKD 0.64, HKD 1.10, and HKD 1.82 respectively [2] - The gaming and application services business is expected to generate a net profit of HKD 690 million in 2025, with a valuation of HKD 6.19 billion based on a 9x PE ratio [2] - Mynd.ai is projected to have a revenue of HKD 1.72 billion in 2025, with a valuation of HKD 900 million based on a 0.7x PS ratio [2] Group 3: Strategic Developments - The company has made significant advancements in the technology and AI sectors, including a strategic partnership between its subsidiary Chuangqi and Zhongke Wenge to promote AI models and applications outside mainland China [3] - Recent investments in AI edge device companies have led to the successful launch of a new generation of AI glasses, marking a key breakthrough in the consumer market [3]

格隆汇9月15日丨网龙(00777.HK)公告，2025年9月15日耗资39.50万港元回购3.45万股，回购价格每股 11.38-11.5港元。 ...

网龙(00777)发布公告，于2025年9月15日该公司斥资39.5万港元回购3.45万股，回购价格为每股11.38- 11.50港元。 ...

智通财经APP讯，网龙(00777)发布公告，于2025年9月15日该公司斥资39.5万港元回购3.45万股，回购价 格为每股11.38-11.50港元。 ...

呈交日期： 2025年9月15日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00777 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2025年9月11日 | 529 ...

消息面上，网龙宣布，子公司Mynd.ai(MYND.US)近日完成收购Merlyn Mind,Inc.的AI语音与远程控制技 术相关软件解决方案、专利、商标、专有技术及其他知识产权和资产。该解决方案可实现对PC和Mac的 无缝语音及远程控制操作，并能与各类教学用显示设备高效兼容，为教育工作者在课堂场景中提供更高 的移动自由度、操作灵活性与教学控制权，预料有助强化Mynd.ai在AI教育科技领域的领先地位。 网龙(00777)尾盘涨超5%，截至发稿，涨4.86%，报11.87港元，成交额4969.36万港元。 值得注意的是，网龙此前在2025年中期业绩发布会介绍，网龙游戏业务通过全面部署"AI生产中心"，研 发费用同比下降26.7%，AI提升整体效能约15%。网龙强调，将坚持"AI+教育"与"AI+游戏"双轮驱动， 通过技术革新与生态合作，在全球市场中把握新一轮增长机遇。游戏业务预计逐步回稳，教育市场随德 国、美国等地区预算拨放和政策明朗化有望复苏，Mynd.ai预计在2026年实现EBITDA盈利。 ...

Market Performance - The Hong Kong stock market indices collectively rose during the week from September 8 to September 12, with the Hang Seng Index increasing by 3.82% [1] - The Hang Seng Tech Index saw a rise of 5.31%, while the Hang Seng China Enterprises Index increased by 3.4% [1] Capital Inflow - Southbound capital recorded a total net inflow of 60.822 billion HKD, marking the highest weekly net inflow since May, with an increase of 83.97% compared to the previous week [1] - This inflow has continued for 17 consecutive weeks [1] Active Stocks - A total of 29 stocks made it to the list of the top ten most active stocks during the week [1] - Alibaba-W had the highest total trading volume through the Hong Kong Stock Connect, reaching 70.27 billion HKD [1] - Other notable stocks with trading volumes exceeding 20 billion HKD included Meituan-W, SMIC, and Tencent Holdings [1]