Investment Rating - The report assigns a "Buy" rating for the company, indicating a positive outlook for its stock performance in the near term [6]. Core Insights - The company is recognized as a leading developer of classic IP games, with a new product cycle expected to begin after the second half of 2025, which is anticipated to drive revenue and profit growth [1]. - The company has recently announced a share buyback plan, intending to repurchase HK$300 million worth of shares over the next 12 months, with 1 million shares already repurchased as of May 29 [1]. - A strategic investment in Century Huatong is expected to significantly boost profits by 2025, as the company has acquired 8 million shares, representing 1.1% of Century Huatong's total shares [2]. - The company has established a joint venture with Century Huatong to manage the distribution of certain "Legend" IP games, leveraging Century Huatong's successful titles like "Whiteout Survival" and "Kingshot" [2]. - The company's classic IP games, including "Legend," "Miracle," and "Hot Blood Legend," provide a solid foundation, with new games expected to gradually gain traction starting in 2026 [3]. Financial Projections - The company is projected to achieve revenues of HK$58.4 billion, HK$74.3 billion, and HK$90.2 billion for the years 2025, 2026, and 2027, respectively, with corresponding net profits of HK$8.15 billion, HK$7.07 billion, and HK$8.92 billion [4]. - The current price-to-earnings (P/E) ratios are estimated to be 10, 11, and 9 for the years 2025, 2026, and 2027, respectively, indicating a favorable valuation [4]. - The financial summary indicates a revenue growth of 4.71% in 2025, followed by 27.11% in 2026 and 21.40% in 2027, with net profit margins improving over the forecast period [12].

方刚擅长饰演那种特别奸诈的黑社会老大角色，《银狐》《戏王之王》《豪门》等曾经热播的 香港影视剧留给人们深刻的印象———犀利的眼神、精明的算计，一副活灵活现的凶狠劲。很 多人儿时都被他吓哭过。因此方刚有香港影坛"第一恶人"之称。 据@恒生影业 公告，香港知名演员方刚于5月30日溘然长逝，享年78岁。方刚原名梁芳纲，前 无线电视及亚视电视演员，曾参演《人在边缘》《豪门》《胜者为王lll王者之战》《勾心斗 角》《银狐》《马场风云》等。演技精湛，令人印象深刻。 @粤章人 ：小时候看到他的样子就怕啦。愿一路走好 @逆行末世 ：有部剧里看到他哭的稀里哗啦，鼻涕都出来了，一看就是入戏了的好演 员。 @大猪头LL ：银狐看到他 真坏 但是他本身好像挺好的，做不少公益。 @有狗万事足 ：一路走好，《奇迹》中著名的"我的胃让他顶……" 来 源 | 2 1财经客户端、橙柿互动、半岛都市报 SFC 本期编辑 刘雪莹 62岁俞敏洪突发意外！再次回应 宗馥莉，正式接班娃哈哈！ 突发！特朗普：钢铁关税提高至50% 21君荐读 但生活中方刚却是大好人，并且具有多重身份：作家，心理学博士，制作人和演艺事业活动 家。 比较早期的《豪门》、《银狐 ...

Core Points - The 78th Cannes Film Festival has announced its jury lineup for the main competition, featuring a diverse group of judges from four continents [1] - Juliette Binoche will serve as the jury president, with notable members including Halle Berry, Payal Kapadia, Alba Rohrwacher, Leïla Slimani, Dieudo Hamadi, Hong Sangsoo, Carlos Reygadas, and Jeremy Strong [1][2] Jury Members - Juliette Binoche has a long-standing relationship with Cannes, having had nine films nominated over the past 40 years, including her latest in 2023 [2] - Halle Berry is recognized for being the first African American woman to win the Oscar for Best Actress and has a diverse filmography spanning commercial and independent films [4] - Jeremy Strong gained prominence for his role in "Succession" and received an Oscar nomination for Best Supporting Actor for "The Trial of the Chicago 7" [4] - Alba Rohrwacher is known for her work in "My Brilliant Friend" and has multiple films that have competed at Cannes, winning awards for her collaborations [4] - Hong Sangsoo has been a frequent contender at Cannes, with several nominations and a special screening of his work [5] - Carlos Reygadas began his directing career at Cannes, winning awards for his films that have been featured in the main competition [5] - Payal Kapadia is recognized as a rising star, having won the Jury Prize at Cannes for her debut feature [5] - Dieudo Hamadi focuses on social issues through a documentary lens, with his works receiving accolades at various film festivals [5] - Leïla Slimani is a celebrated French author whose works have won prestigious literary awards and have been translated into over 40 languages [6]