智通财经网·2025-11-24 03:45Core Viewpoint - Morgan Stanley's report indicates that NetEase-S (09999) achieved a 13% year-on-year revenue increase and a 3% quarter-on-quarter growth in Q3, which is considered reasonable given the limited new game releases during the period [1] Group 1: Financial Performance - NetEase's Q3 net profit met market expectations [1] - Cash revenue for Q3 increased by 14% year-on-year and 18% quarter-on-quarter when accounting for contract liabilities, indicating strong performance [1] Group 2: Future Projections - The report suggests that the upcoming game "ANANTA" is expected to become the company's largest revenue-generating game, with a projected first-year revenue of 12 billion RMB [1] - The game "Sea of Remnants" is anticipated to drive an average annual growth of 12% in game revenue from 2026 to 2027 [1] - The company may meet the conditions for interconnectivity next year [1]