Group 1 - The core point of the article is that NetDragon has been actively repurchasing its shares, indicating a potential confidence in its stock value despite recent declines [2][3] - On September 1, 2025, NetDragon repurchased 500,000 shares at a price range of HKD 10.610 to HKD 10.780, totaling HKD 5.3349 million [2] - The stock closed at HKD 10.680 on the same day, reflecting a 2.50% increase, with a total trading volume of HKD 40.7126 million [2] Group 2 - Since August 29, 2025, the company has conducted share buybacks for two consecutive days, totaling 1,000,000 shares and an aggregate repurchase amount of HKD 10.594 million [2] - During this period, the stock has experienced a cumulative decline of 8.64% [2] - The detailed buyback information includes the highest and lowest prices for the shares repurchased on each date [2]

Core Points - 91 Assistant, a mobile management application, will cease all services on September 27, 2025, due to business adjustments and product iteration needs [1] - Users are advised to back up their data before the service termination, as data will be permanently lost afterward [1] - Refunds will be available for users with active memberships, but they must apply for the refund by September 15, 2025 [1] Company History - 91 Assistant was developed and launched by NetDragon in 2007, initially gaining popularity as the largest iOS "jailbreak" platform, providing services like application installation and file management [2] - By 2009, 91 Assistant expanded to the Android platform, capturing nearly 90% of the domestic mobile assistant market [2] - In 2013, Baidu acquired 91 Wireless, the parent company of 91 Assistant, for $1.9 billion, marking it as one of the largest acquisitions in Chinese internet history [2][3] Market Dynamics - After the acquisition, 91 Assistant was rebranded as Baidu 91 and integrated with Baidu's mobile products, achieving a user base of hundreds of millions and a market share exceeding 50% in 2014 [3] - The rise of official app stores from Apple and Android manufacturers diminished the need for third-party tools like 91 Assistant, leading to a decline in its relevance [3] - By 2020, Baidu announced the discontinuation of 91 Assistant and the Android market, with the latest announcement marking the final closure of the product [4]

智通财经APP讯，网龙(00777)发布公告，于2025年9月1日斥资533.49万港元回购50万股。 ...

格隆汇9月1日丨网龙(00777.HK)公告，9月1日耗资533.49万港元回购50万股，每股回购价10.61-10.78港 元。 ...

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 FF305 呈交日期： 2025年9月1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 ...

8月29日，网龙(00777)召开2025年中期业绩发布会。据公司介绍，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。 据集团代理首席财务官刘克建介绍，2025年上半年，网龙实现收益23.81亿元人民币，其中游戏及应用 服务业务收益17.38亿元，Mynd.ai（教育科技业务）收益6.41亿元。尽管收入出现下滑，公司通过多项 成本控制措施显著提升运营效率，集团整体销售及市场推广开支同比下降4.6%，行政开支下降14.0%， 研发开支下降22.4%。 新品布局方面，公司聚焦资源于重磅产品《代号MY》，已开展用户测试并反馈良好。同时，《魔域》 积极拓展多语言版本，今年下半年会推出两个新的语言版本在海外上线；《代号Alpha》，也就是《征 服》系列的本地化玩法，也会在今年下半年跟合作伙伴推出东南亚版本。还有一些地区还在商讨 ...

智通财经APP获悉，8月29日，网龙(00777)召开2025年中期业绩发布会。据公司介绍，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。 据集团代理首席财务官刘克建介绍，2025年上半年，网龙实现收益23.81亿元人民币，其中游戏及应用 服务业务收益17.38亿元，Mynd.ai（教育科技业务）收益6.41亿元。尽管收入出现下滑，公司通过多项 成本控制措施显著提升运营效率，集团整体销售及市场推广开支同比下降4.6%，行政开支下降14.0%， 研发开支下降22.4%。 在游戏业务板块，集团高级副总裁林琛介绍，网龙通过全面部署AI生产中心，游戏及应用服务板块研 发费用同比下降26.7%，AI提升整体效能约15%。核心旗舰IP《魔域》MAU同比增长11.3%，用户活跃 度显著提升。《魔域口袋版》收入环比增长6.7%，多 ...

Core Insights - The leading internet platform reported its mid-year results for 2025 on August 29, significantly exceeding market expectations with strong revenue and net profit growth, particularly a 26% year-on-year increase in cloud intelligence business revenue, validating the AI-driven profit growth logic in the industry [1] - A strategic cooperation agreement was signed on August 31, 2025, between the internet leader and a telecom giant, focusing on deep collaboration in cloud and AI infrastructure, further empowering the "AI+" development theme [1] Market Performance - The strong financial performance of the leading company positively impacted market sentiment, leading to active trading in the Hong Kong tech sector [1] - The Hang Seng Tech ETF (513130) has seen continuous net inflows for five weeks since July 28, totaling 7.885 billion yuan, making it one of the few products tracking the Hang Seng Tech Index with net inflows exceeding 6.5 billion yuan [1] - The ETF's scale has grown to 36.092 billion yuan, reaching a new historical high, with an average daily trading volume of 5.194 billion yuan in August, up from 3.922 billion yuan in July [1] Investor Interest - The number of holders of the Hang Seng Tech ETF (513130) reached 224,100, an increase of over 61,000 since the end of 2024, highlighting strong market interest [1] - The Hang Seng Tech Index, closely tracked by the ETF, includes a diverse range of sectors, including internet platforms, software development, telecommunications, and chip design, capturing multiple areas of the AI industry chain [1] Valuation Metrics - As of August 29, 2025, the Hang Seng Tech Index's price-to-earnings ratio stood at 21.23, which is relatively low at 19.23% compared to the past five years, suggesting potential for valuation uplift in the context of improving earnings and expectations of interest rate cuts by the Federal Reserve [1] - The Hang Seng Tech ETF (513130) is characterized by large scale, good liquidity, and low fees, making it a suitable tool for investors looking to capture opportunities in the Hong Kong tech sector [1]

证券时报·数据宝统计显示，8月29日有25家香港上市公司进行了股份回购，合计回购1720.21万股，回购 金额8.69亿港元。 腾讯控股回购数量91.90万股，回购金额5.50亿港元，回购最高价为605.000港元，最低价为594.500港 元，年内累计回购金额455.49亿港元；中国宏桥回购数量892.35万股，回购金额2.27亿港元，回购最高 价为25.440港元，年内累计回购金额39.11亿港元；恒生银行回购数量21.00万股，回购金额2351.69万港 元，回购最高价为112.500港元，最低价为111.500港元，年内累计回购金额4.79亿港元。 以金额进行统计，8月29日回购金额最多的是腾讯控股，回购金额为5.50亿港元；其次是中国宏桥，回 购金额为2.27亿港元；回购金额居前的还有恒生银行、美高梅中国等。回购数量上看，8月29日回购股 数最多的是中国宏桥，当日回购量为892.35万股；其次是威高股份、美高梅中国等，回购数量分别为 126.00万股、100.00万股。 8月29日港股公司回购一览 | 代码 | 简称 | 回购股数 | 回购金额（万 | 回购最高价 | 回购最低价 | 年内累计回购金 ...

阿里巴巴财报超预期，恒生科技有望回归AI叙事。截至8月29日，恒生科技指数ETF（513180）标的指 数的最新估值（PETTM）为21.23倍，处于指数2020年7月27日发布以来约17.72%的估值分位点，即当 前估值低于指数发布以来82%以上的时间。恒生科技当前仍处于历史相对低估区间，在美联储降息预期 升温、阿里巴巴财报超预期的催化下，高弹性、高成长等特性使其具备更大的向上动能。没有港股通账 户的投资者或可通过恒生科技指数ETF（513180）一键布局中国AI核心资产。（场外联接A/C： 013402/013403） 每日经济新闻 东吴证券观点认为，港股还处在震荡上行趋势中，下行有底，既有动力也有阻碍，继续关注潜在增配资 金风偏。一方面，Jackson Hole会议后，市场明显提高九月美联储降息预期，促进市场反弹提振补涨逻 辑。对于9月降息，该机构认为除非在9月议息会议前就业数据显著增强（新增非农就业>15万人）且通 胀环比增速>0.4%，否则降息几成定局。另一方面，当前市场普遍认为A股行情好于H股，资金增配港 股仍需更多理由。港股投资者更偏好自下而上机会。 此外，该机构指出，港股整体企稳回升仍需耐心等 ...