Core Viewpoint - NetDragon (00777.HK) announced a share buyback on October 16, 2025, spending HKD 1.2686 million to repurchase 100,000 shares at a price range of HKD 12.54 to HKD 12.96 per share [1] Summary by Category - **Company Actions** - The company executed a buyback of 100,000 shares at a total cost of HKD 1.2686 million [1] - The buyback price per share ranged from HKD 12.54 to HKD 12.96 [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 呈交日期： 2025年10月16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 ...

Core Viewpoint - NetDragon (00777) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1: Share Buyback Details - The company will repurchase 100,000 shares at a total cost of HKD 1.2889 million [1] - The buyback price per share ranges from HKD 12.67 to HKD 13 [1]

网龙(00777)发布公告，该公司于2025年10月15日斥资128.89万港元回购10万股股份，每股回购价格为 12.67-13港元。 ...

格隆汇10月15日丨网龙(00777.HK)公告，2025年10月15日耗资128.89万港元回购10万股，回购价格每股 12.67-13港元。 ...

FF305 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 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) 呈交日期： 2025年10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 ...

Core Insights - NetDragon's transformation and focus on AI have attracted significant attention from top-tier international capital, with BlackRock increasing its stake to over 5% [1] - The company is implementing a dual-driven strategy of "AI + Education" and "AI + Gaming," enhancing operational efficiency and market reach [1] Group 1: AI + Gaming Strategy - NetDragon has established an AI production center to integrate different game teams under the same IP, significantly improving cross-version content collaboration and automatic generation capabilities [1] - The flagship IP "Magic Domain" is set to launch multilingual versions efficiently, expanding into new overseas markets [1] Group 2: AI + Education Strategy - The company is leveraging its Mynd.ai business as the core operator for overseas classroom technology, embedding AI into educational hardware [1] - AI voice assistant technology is being deeply integrated with interactive display hardware to enhance product competitiveness and market share [1] Group 3: Investment in Frontier Technologies - NetDragon's strategic investments in AI edge devices have led to the successful launch of a new generation of AI glasses, marking a breakthrough in consumer market applications [2] - The influence and commercialization capabilities of NetDragon's invested companies in cultural creativity and IP operations are expanding [2] - Future strategic investments will focus on AI, XR, robotics, and blockchain technologies, reinforcing synergies with the company's core business [2]

Core Insights - NetDragon's transformation and focus strategy on "AI + Education" and "AI + Gaming" has attracted significant attention from top-tier international capital, with BlackRock increasing its stake to over 5% [1] Group 1: AI Strategy - The company is implementing a dual-driven strategy of "AI + Education" and "AI + Gaming" [1] - In the gaming sector, NetDragon has established an AI production center that enhances collaboration and automatic content generation across different game teams, significantly improving efficiency [1] - The flagship IP "Magic Domain" is set to launch multilingual versions to expand into new overseas markets with the help of the AI production center [1] Group 2: Education Sector - In the education sector, NetDragon is leveraging its first-mover advantage in AI to capture market share both domestically and internationally [1] - The Mynd.ai business serves as the core operational entity for overseas classroom technology, integrating AI voice assistant technology with interactive display hardware to enhance product competitiveness [1] Group 3: Technological Investments - The company's strategic layout in cutting-edge technology and AI ecosystems is becoming increasingly valuable, with recent investments leading to the launch of a new generation of AI glasses [2] - NetDragon's subsidiaries are expanding their influence in cultural creativity and IP operations, enhancing their commercialization capabilities [2] - Future strategic investments will focus on AI, XR, robotics, and blockchain technologies, reinforcing synergies with the company's main business [2]

Core Viewpoint - BlackRock Inc., one of the largest asset management firms globally with assets under management of $12.5 trillion, has recently increased its stake in NetDragon (00777) to nearly 5%, indicating strong confidence in the company's future and its strategic focus on embracing AI [1] Group 1: Investment Sentiment - Multiple institutions have released reports expressing optimism about NetDragon's future development [1] - First Shanghai maintains a "Buy" rating, citing the stability of NetDragon's gaming business and the significant potential of its education segment, with a target price of HKD 20.24 [1] -浦银国际 also holds a "Buy" rating, highlighting NetDragon's ample net cash and the value of its digital assets, along with a commitment to distribute HKD 600 million to shareholders [1] Group 2: Financial Performance - NetDragon is projected to achieve revenue of RMB 2.38 billion in the first half of 2025, with a gross profit of RMB 1.7 billion and a gross margin increase of 2.9 percentage points to 69.5%, reflecting enhanced overall profitability [1] - Operating expenses have decreased by 15.6% year-on-year, demonstrating significant cost reduction and efficiency improvements [1] - The gaming business is stabilizing with several new products in the pipeline, while the education segment, though under short-term pressure, continues to expand in emerging markets and optimize costs [1]

Core Viewpoint - BlackRock Inc., one of the largest asset management firms globally with assets under management of $12.5 trillion, has recently increased its stake in NetDragon (00777) to nearly 5%, indicating strong confidence in the company's future and its strategic focus on embracing AI [1] Group 1: Company Performance - Multiple institutions have released reports expressing optimism about NetDragon's future development [1] - First Shanghai highlights that NetDragon's gaming business is stable, and its education segment has significant potential, with the growth of gaming IP and expansion into overseas markets expected to drive new performance growth [1] - The firm maintains a "Buy" rating with a target price of HKD 20.24 [1] Group 2: Financial Metrics - According to浦银国际, NetDragon has ample net cash and notable digital asset value, committing to distribute HKD 600 million to shareholders, which enhances its attractiveness [1] - NetDragon achieved revenue of RMB 2.38 billion in the first half of 2025, with a gross profit of RMB 1.7 billion, and a gross margin increase of 2.9 percentage points to 69.5%, reflecting improved overall profitability [1] - Operating expenses decreased by 15.6% year-on-year, demonstrating significant cost reduction and efficiency improvements [1]