智通财经网·2025-10-09 05:44Core 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]