Core Viewpoint - The collaboration between China Merchants Securities and ten major fund companies aims to enhance investor knowledge of ETFs and promote healthy market development, particularly focusing on the opportunities within the Hong Kong internet sector driven by AI advancements [1] Group 1: Market Dynamics - The Hong Kong internet sector has experienced significant fluctuations over the past three years, influenced by regulatory policies, U.S. Federal Reserve monetary policy, and economic recovery from the pandemic [2][3] - Positive signals in domestic economic expectations and the Fed's shift to a dovish stance have created a favorable liquidity environment for the Hong Kong internet sector [3][4] Group 2: AI Industry Trends - The AI market is characterized by a technological breakthrough-driven industrial trend, with strong demand for computing power in the upstream and significant advancements in model technology in the midstream [2][5] - The release of Gemini3 marks a transition from "conversational interaction" to "action-oriented intelligence," complementing cost reductions in models like DeepSeek, which significantly lowers operational costs [5][6] Group 3: Investment Opportunities - The China Securities Hong Kong Internet Index is designed to capture leading companies in the sector, characterized by high concentration, balanced coverage across various applications, and a strong focus on AI [8][14] - The index includes 30 companies, with the top ten accounting for over 72% of its weight, providing a concentrated investment in leading firms while diversifying risk across different sectors [14][18] Group 4: Seasonal Market Behavior - Historical trends indicate that the end of the year often sees a "window dressing" effect, where fund managers adjust portfolios to showcase better-performing assets, potentially leading to increased capital inflows into popular sectors [11][12] - The end of the year is also a critical period for policy meetings, which can set the tone for future economic policies and enhance market risk appetite [11] Group 5: Valuation and Growth Potential - The Hong Kong internet sector currently presents a valuation discount compared to U.S. tech giants, with a price-to-earnings ratio of 22, indicating potential for valuation recovery as AI continues to develop [19][20] - The sector's long-term growth is supported by continuous technological iterations, deep integration of AI across various applications, and favorable government policies promoting AI development [13][20]

【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 ...

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 ...

Core Viewpoint - The company NetDragon has committed to donating 5 million HKD for emergency relief and support for residents affected by a fire in Hong Kong, demonstrating its commitment to social responsibility and community support [1][2]. Group 1: Company Actions - NetDragon announced a donation of 5 million HKD specifically for emergency assistance, medical support, temporary housing, supply of living materials, and subsequent disaster recovery efforts [1]. - The company's subsidiary, Cherrypicks, provided technical support for the establishment of an official donation platform for the Hong Kong government [1]. - NetDragon expressed deep respect for the firefighters and rescue personnel involved in the emergency response and extended condolences to the affected residents and families [1]. Group 2: Company Background and Mission - Founded in 1999 and publicly listed for over 18 years, NetDragon is a leading creator of internet communities and has focused on the education sector for the past decade [2]. - The company has empowered education in over 190 countries and regions using AI technology, aligning with UNESCO's vision for global educational equity [2]. - NetDragon's actions in response to the fire reflect its core mission to support communities and promote the global sharing of quality AI educational resources, particularly in developing countries [2].

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]

Core Viewpoint - NetDragon (00777) demonstrates corporate social responsibility by donating HKD 5 million for emergency relief and recovery efforts following a significant fire incident in Hong Kong [1] Group 1: Company Actions - NetDragon's donation is specifically allocated for emergency assistance, medical support, temporary housing, supply of living materials, and subsequent disaster recovery efforts [1] - The company expresses deep respect for the firefighters and rescue personnel who responded bravely during the crisis [1] Group 2: Community Support - NetDragon emphasizes the importance of collective effort from all sectors of society to overcome the disaster and rebuild the community [1] - The company extends heartfelt condolences and care to the affected residents and families [1]