宣布超6亿港元股东回报计划，向市场注入了巨大信心，网龙（00777）在AI+全面布局下，持续为股东 创造价值。 智通财经APP了解到，网龙近日发布了2025年上半年财报，期内收入23.8亿元，受行业影响收入有所调 整，但AI赋能下降本增效明显，毛利为16.6亿元，毛利率69.5%，同比提升2.9个百分点，另外经营开支 为13.5亿元，同比降低15.6%，AI在成本优化和效率提升的赋能已初步显现成效。 网龙坚持"AI+教育"与"AI+游戏"双轮驱动战略，在AI应用时代下，一方面通过技术革新与生态合作， 在全球市场中把握新一轮增长机遇；另一方面则通过AI赋能全面提升运营效率，以游戏领域为例，上 半年AI提升整体效能约15%。显然，AI已经成为该公司两大业务最核心的亮点。 在8月21日，国务院引发《关于深入实施"人工智能+"行动的意见》，近日在"上海合作组织+"会议上， 政府再次强调人工智能发展，建设好人工智能应用合作中心，共享人工智能发展红利。而在这两条主流 的AI应用赛道上，网龙在国内及海外均已全面深入部署，能否迎来全新的投资机遇呢？ "AI+两大赛道"加速全球化 从上半年财报看，网龙整体业绩相对稳健，游戏业务 ...

Core Insights - The "AI + Education" sector is experiencing a significant value reassessment driven by technological advancements and policy support, particularly with the introduction of DeepSeek, which reduces the cost of AI model development and deployment [1] - The Ministry of Education and other departments have issued guidelines to accelerate digital education, focusing on integration, intelligence, and internationalization, which is expected to stimulate the application of AI in education [1] Company Developments - NetDragon has been a pioneer in the "AI + Education" field, having invested in AI research since 2017 and successfully commercializing various AI educational products [1][2] - The company aims to establish the largest global education content production center in Hong Kong, enhancing the efficiency and quality of interactive educational games [2] - NetDragon's AI education content unit, "Photosynthesis," was showcased at the Global Smart Education Conference in September 2024, highlighting the company's innovative capabilities [2] Strategic Partnerships - NetDragon is collaborating with Thailand's Ministry of Higher Education to launch an online AI education platform, providing vocational training in sectors like new energy vehicles, aligning with national policies for developing skilled talent in emerging markets [2] - The company has formed a strategic partnership with Hong Kong Polytechnic University to integrate advanced AI and vocational training content into its education platforms [2] Technological Integration - NetDragon's subsidiary, Mynd.ai, has been independently listed and is set to launch new SaaS products that will incorporate AI technology, enhancing the educational experience for users [3] - The company is a technical service partner for the National Smart Education Public Service Platform, which has over 163 million registered users, indicating its significant role in the national education framework [3][4] Market Positioning - NetDragon has established a strong foundation in educational technology, with over a decade of experience in content, software, and hardware, positioning itself to benefit from the dual support of technological advancements and favorable policies [4] - The company has been recognized for its collaboration with educational institutions to develop modern industry colleges, showcasing its commitment to integrating education with industry needs [5] Financial Performance - NetDragon's gaming sector is also benefiting from AI applications, with popular games like "Heroes of the Storm" integrating AI features to enhance player experience [6] - The company has a history of consistent dividend payments, with a proposed annual dividend of 0.9 HKD per share for 2024, reflecting a dividend yield of over 9% [6]