Core Viewpoint - The report from浦银国际 indicates a revision of NetDragon's revenue forecasts for FY25E and FY26E to RMB 4.8 billion and RMB 5.0 billion respectively, maintaining a target price of HKD 13, corresponding to a FY26E P/E of 10x, highlighting the company's financial stability and potential for attractive returns through dividend distribution [1] Group 1: Financial Performance - The company experienced revenue fluctuations in the first half of the year, primarily due to adjustments in the gaming business and weakness in the education sector, with an adjusted net profit of RMB 280 million [2] - The company announced an interim dividend of HKD 0.5 per share and plans to distribute no less than HKD 600 million over the next 12 months, indicating a return rate of approximately 10% [1][2] Group 2: Gaming Business Outlook - The gaming business is expected to stabilize in the second half of the year, with first half revenue from gaming and application services at RMB 1.7 billion, and a reduced quarter-on-quarter decline of approximately 2% in gaming revenue [2] - The company is enhancing player experience, leading to growth in user numbers and activity levels, with an operating profit margin recovering to 28.8%, nearing historical norms [2] - Upcoming product launches include "Code MY" in small-scale testing, with plans for multiple overseas market expansions for "Magic Domain" and "Code Alpha" in the second half, and a mobile game "Mecha Battle" expected to launch next year [2] Group 3: Education Business Outlook - The education business is projected to approach break-even in EBITDA by the fourth quarter, with first half revenue from Mynd.ai at RMB 640 million [3] - The company is implementing cost optimization measures to mitigate the impact of a sluggish education technology market, while exploring emerging markets to counteract declines in the US and European markets [3] - Signs of recovery are noted in the European market, and with stable tariffs in the US, school procurement budgets are expected to rebound [3]

Group 1 - The company NetDragon (00777) announced a share buyback plan, intending to repurchase 100,000 shares at a total cost of HKD 1,120,900 [1] - The buyback price range is set between HKD 11.11 and HKD 11.31 per share [1]

Core Viewpoint - NetDragon (00777.HK) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1: Buyback Details - The company will spend HKD 1.121 million to repurchase 100,000 shares [1] - The buyback price per share ranges from HKD 11.11 to HKD 11.31 [1]

Group 1 - The company NetDragon (00777) announced a share buyback on September 9, 2025, spending HKD 1.1209 million to repurchase 100,000 shares [1] - The buyback price ranged from HKD 11.11 to HKD 11.31 per share [1]

FF305 第 1 頁 共 6 頁 v 1.3.0 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9月9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 | | | | | | | | | 事件 | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | 已發行股份總數 | | | | 已發行股份（不包括庫存股份） ...

网龙(00777)发布公告，该公司于2025年9月8日斥资110.26万港元回购10万股股份，每股回购价格为10.9- 11.18港元。 ...

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 1.1026 million [1] - The buyback price per share ranges from HKD 10.9 to HKD 11.18 [1]

Group 1 - Company NetDragon (00777.HK) announced a share buyback on September 8, 2025, costing HKD 1.1026 million to repurchase 100,000 shares [1] - The buyback price per share ranged from HKD 10.90 to HKD 11.18 [1]

呈交日期： 2025年9月8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 | | 佔有關事件前的現有已發 行股份（不包括庫存股 | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總數 | | | | 目 | | 份）數目百分比 (註3) | | | | | ...

Core Viewpoint - NetDragon (00777) announced a share buyback of 90,000 shares at a total cost of HKD 970,100, with the buyback price ranging from HKD 10.57 to HKD 11.20 per share [1] Summary by Category - **Company Actions** - The company executed a buyback of 90,000 shares on September 5, 2025 [1] - The total expenditure for the buyback was HKD 970,100 [1] - The price per share for the buyback was between HKD 10.57 and HKD 11.20 [1]