Announcement • Aug 28
Netdragon Websoft Holdings Limited Declares Interim Dividend for the Six Months Ended 30 June 2025 NetDragon Websoft Holdings Limited declared an interim dividend of HKD 0.5 per ordinary share for the six months ended 30 June 2025. Announcement • Aug 15
NetDragon Websoft Holdings Limited to Report First Half, 2025 Results on Aug 28, 2025 NetDragon Websoft Holdings Limited announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Jun 05
Netdragon Websoft Holdings Limited Announces Retirement of Lee Kwan Hung, Eddie as Director, Effective 5 June 2025 NetDragon Websoft Holdings Limited announced that Mr. Lee Kwan Hung, Eddie retired by rotation at the AGM in accordance with the articles of association of the Company. The resolution for re-election of Mr. Lee was not passed by the Shareholders at the AGM. Accordingly, Mr. Lee retired from office as director at the conclusion of the AGM effective, effective 5 June 2025. Following Mr. Lee's retirement, he also ceases to act as chairman of the remuneration committee and the share award committee, member of the audit committee and the nomination committee of the Company. Announcement • May 22
Netdragon Expands Global "AI + Education" Strategy, Partners with Thailand MHESI to Launch AI Education Platform NetDragon Websoft Holdings Limited announced the official launch of the MHESI Skill platform, an AI education platform co-developed with Thailand's Ministry of Higher Education, Science, Research and Innovation based on NetDragon's earning.ai. This platform serves as a key initiative under MHESI's recently launched "EV Ready+" electric vehicle ("EV") industry talent development program, offering free, certified training to equip Thai citizens with real-world skills and enhance career prospects in the EV sector. The MHESI Skill platform will offer a suite of EV-focused training programs, initially launching with two fundamental courses -- Basic Electric Vehicle Technology Course and Electric Vehicle Maintenance Course. These will be followed by three additional courses covering EV System Design and Development, EV Infrastructure and Charging Systems, and EV Business Management. All courses will be free of charge and include an official e-Certificate issued by MHESI upon completion. All "EV Ready+" courses will be delivered in a hybrid "online + offline" learning format, combining self-paced online theory modules on the MHESI Skill platform with hands-on practical training at partner universities, including Bangkok Thonburi University and King Mongkut's University of Technology North Bangkok (Rayong Campus). MHESI also plans to expand practical training sites to other regions nationwide, ensuring equal access to learn across the country. Announcement • Mar 11
NetDragon Websoft Holdings Limited to Report Fiscal Year 2024 Results on Mar 26, 2025 NetDragon Websoft Holdings Limited announced that they will report fiscal year 2024 results on Mar 26, 2025 Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$10.52, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Entertainment industry in Hong Kong. Total loss to shareholders of 15% over the past three years. Announcement • Sep 16
NetDragon Websoft Holdings Limited Appoints Lin Yun as Executive Director The board of directors of NetDragon Websoft Holdings Limited announced that Ms. Lin Yun (‘Ms. Lin’) has been appointed as an executive Director with effect from 16 September 2024. Ms. Lin, aged 53, is currently the vice president of the Group and is responsible for the government-enterprise relations, project management, labor unions and legal affairs of the Group in PRC. Ms. Lin has more than 30 years of experience in corporate management and governance. Prior to joining the Group, Ms. Lin served as the secretary to the chairman of Fujian Yangzhenhua 851 Biological Technology Co. Ltd. (851) from 1989 to 2001. Ms. Lin joined the Group in 2001, and has been fully responsible for the legal affairs of the Group in PRC since 2007. Ms. Lin also currently serves as the executive vice president of Fujian Chamber of Commerce of Private Enterprises, the vice president of Fujian Provincial Publishing Association, the vice president of Fujian Digital Economy Promotion Association and director of the Yuan Yuzhou Special Committee, the vice president of Fujian Internet Information Industry Federation, the director of Fujian Software Industry Association, the vice president of Fuzhou Network and Information Industry Federation and the vice president of Fuzhou Association of Foreign-Invested Enterprise etc. Reported Earnings • Aug 31
First half 2024 earnings released: EPS: CN¥0.75 (vs CN¥0.93 in 1H 2023) First half 2024 results: EPS: CN¥0.75 (down from CN¥0.93 in 1H 2023). Revenue: CN¥3.30b (down 10% from 1H 2023). Net income: CN¥400.0m (down 20% from 1H 2023). Profit margin: 12% (down from 14% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Entertainment industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. New Risk • Aug 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.7% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (122% cash payout ratio). Profit margins are more than 30% lower than last year (6.7% net profit margin). Announcement • Aug 29
NetDragon Websoft Holdings Limited Announces an Ordinary Interim (Semi-Annual) Dividend for the Six Months Ended 30 June 2024, Payable on 31 October 2024 NetDragon Websoft Holdings Limited announced an ordinary interim (Semi-annual) dividend of HKD 0.4 per ordinary share for the six months ended 30 June 2024. Ex-dividend date is 11 September 2024. Record date is 13 September 2024. Payment date is 31 October 2024. Announcement • Aug 15
NetDragon Websoft Holdings Limited to Report First Half, 2024 Results on Aug 29, 2024 NetDragon Websoft Holdings Limited announced that they will report first half, 2024 results on Aug 29, 2024 Upcoming Dividend • Jun 05
Upcoming dividend of HK$0.40 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 15%. Within top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (3.2%). Announcement • Mar 28
NetDragon Websoft Holdings Limited, Annual General Meeting, Jun 06, 2024 NetDragon Websoft Holdings Limited, Annual General Meeting, Jun 06, 2024. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: CN¥1.03 (vs CN¥1.54 in FY 2022) Full year 2023 results: EPS: CN¥1.03 (down from CN¥1.54 in FY 2022). Revenue: CN¥7.10b (down 9.7% from FY 2022). Net income: CN¥550.0m (down 34% from FY 2022). Profit margin: 7.7% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Entertainment industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 16% per year. Announcement • Mar 27
Netdragon Websoft Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 26 July 2024 NetDragon Websoft Holdings Limited proposes Final dividend of HKD 0.4 per share for the year ended 31 December 2023. Ex-dividend date is 12 June 2024. Record date is 14 June 2024. Payment date is 26 July 2024. Date of shareholders' approval is 06 June 2024. Announcement • Mar 13
NetDragon Websoft Holdings Limited to Report Fiscal Year 2023 Final Results on Mar 27, 2024 NetDragon Websoft Holdings Limited announced that they will report fiscal year 2023 final results on Mar 27, 2024 Announcement • Feb 08
NetDragon Websoft Holdings Limited Introduces EDA Platform with a Focus on Metaverse Education NetDragon Websoft Holdings Limited unveiled the strategic vision and core features of EDA, its metaverse education platform currently under development. Focused on K-12 education, EDA introduces a novel education approach that emphasizes exploratory and experiential learning, designed to significantly enhance student engagement and learning effectiveness. By integrating rich, visualized content and interesting storylines in an expansive ecosystem, EDA facilitates a profound learning experience that engages students' imaginations and fosters a deeper understanding of knowledgeledges. Adhering to a student-centric approach, EDA customizes learning journeys and content recommendations, and tailors resources to align with individual interests and aspirations, thus optimizing learning outcomes and efficiency. EDA's content rollout will initially focus on science related subjects, such as physics, chemistry, and biology, and will extend across a broad spectrum of subjects over time. EDA aims at revolutionizing education by delivering contents in the form of education games. The emphasis on gamified learning is in line with the emerging trend towards exploratory and experiential Learning in the new era of metaverse education. The objective is not only to dramatically engage learners' interest with immersive games, but also to increase the efficiency of learning through personalized learning paths and customized teaching methodologies. Such an approach encourages learners to take an active role in their education, engaging in a full cycle of study, practice, assessment, and evaluation. In addition, EDA will open the platform up for community of educators, who will be empowered to seamlessly transform their conventional teaching materials with innovative tools and contents to interactive and enjoyable learning journeys in the metaverse. The EDA platform will feature an AI-enhanced content development toolkit and an interactive community platform, which will enable the production of high-quality user-generated content (UGC) and facilitate users' interaction, sharing and learning discussions. Such collaborative engagement amongst teachers and students on the platform will also put EDA in a position to bridge the gap between online and offline education experiences. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to HK$11.64, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Entertainment industry in Hong Kong. Total loss to shareholders of 8.6% over the past three years. Upcoming Dividend • Sep 05
Upcoming dividend of HK$1.40 per share at 11% yield Eligible shareholders must have bought the stock before 12 September 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (3.0%). Reported Earnings • Sep 01
First half 2023 earnings released: EPS: CN¥0.93 (vs CN¥1.04 in 1H 2022) First half 2023 results: EPS: CN¥0.93 (down from CN¥1.04 in 1H 2022). Revenue: CN¥3.68b (down 13% from 1H 2022). Net income: CN¥500.0m (down 12% from 1H 2022). Profit margin: 14% (in line with 1H 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Entertainment industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Aug 31
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (11% net profit margin). Announcement • Aug 16
NetDragon Websoft Holdings Limited to Report First Half, 2023 Results on Aug 30, 2023 NetDragon Websoft Holdings Limited announced that they will report first half, 2023 results on Aug 30, 2023 Announcement • Jun 10
NetDragon Websoft Holdings Limited Announces Demise of Zheng Hui, Executive Director NetDragon Websoft Holdings Limited announced with deepest sadness that Mr. Zheng Hui ("Mr. Zheng"), an executive Director, has passed away on 7 June 2023. Mr. Zheng was also one of the founding shareholders of the Company, his leadership had made invaluable contributions to the success of the Company and his passing away is a huge loss to the Company. Upcoming Dividend • May 30
Upcoming dividend of HK$0.40 per share at 8.7% yield Eligible shareholders must have bought the stock before 06 June 2023. Payment date: 07 July 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 8.7%. Within top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to HK$13.78, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Entertainment industry in Hong Kong. Total loss to shareholders of 17% over the past three years. Reported Earnings • Mar 28
Full year 2022 earnings released: EPS: CN¥1.54 (vs CN¥1.92 in FY 2021) Full year 2022 results: EPS: CN¥1.54 (down from CN¥1.92 in FY 2021). Revenue: CN¥7.87b (up 12% from FY 2021). Net income: CN¥834.0m (down 22% from FY 2021). Profit margin: 11% (down from 15% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Entertainment industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$20.10, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Entertainment industry in Hong Kong. Total returns to shareholders of 9.1% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Charles Chao was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions • Sep 11
Independent Non-Executive Director recently bought HK$158k worth of stock On the 6th of September, Kwan Hung Lee bought around 10k shares on-market at roughly HK$16.64 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold HK$1.0m more in shares than they bought in the last 12 months. Reported Earnings • Aug 31
First half 2022 earnings released: EPS: CN¥1.04 (vs CN¥0.78 in 1H 2021) First half 2022 results: EPS: CN¥1.04 (up from CN¥0.78 in 1H 2021). Revenue: CN¥4.24b (up 26% from 1H 2021). Net income: CN¥565.1m (up 31% from 1H 2021). Profit margin: 13% (in line with 1H 2021). Over the next year, revenue is forecast to grow 7.2%, compared to a 33% growth forecast for the Entertainment industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 31
Upcoming dividend of HK$0.40 per share Eligible shareholders must have bought the stock before 07 June 2022. Payment date: 08 July 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (2.5%). Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: CN¥1.92 (vs CN¥1.71 in FY 2020) Full year 2021 results: EPS: CN¥1.92 (up from CN¥1.71 in FY 2020). Revenue: CN¥7.04b (up 15% from FY 2020). Net income: CN¥1.06b (up 11% from FY 2020). Profit margin: 15% (in line with FY 2020). Over the next year, revenue is forecast to grow 14%, compared to a 30% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Charles Chao was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: CN¥1.92 (vs CN¥1.71 in FY 2020) Full year 2021 results: EPS: CN¥1.92 (up from CN¥1.71 in FY 2020). Revenue: CN¥7.04b (up 15% from FY 2020). Net income: CN¥1.06b (up 11% from FY 2020). Profit margin: 15% (in line with FY 2020). Over the next year, revenue is forecast to grow 7.7%, compared to a 28% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorated over the past week After last week's 15% share price decline to HK$13.90, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Entertainment industry in Hong Kong. Total loss to shareholders of 11% over the past three years. Upcoming Dividend • Feb 10
Upcoming dividend of HK$1.43 per share Eligible shareholders must have bought the stock before 17 February 2022. Payment date: 28 February 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Hong Kong dividend payers (7.0%). Higher than average of industry peers (2.6%). Reported Earnings • Oct 01
First half 2021 earnings released: EPS CN¥0.78 (vs CN¥0.61 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: CN¥3.36b (up 19% from 1H 2020). Net income: CN¥430.7m (up 28% from 1H 2020). Profit margin: 13% (in line with 1H 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 16% share price gain to HK$18.02, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Entertainment industry in Hong Kong. Total returns to shareholders of 20% over the past three years. Upcoming Dividend • Sep 01
Upcoming dividend of HK$0.40 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 18 October 2021. Trailing yield: 4.6%. Lower than top quartile of Hong Kong dividend payers (6.7%). Higher than average of industry peers (3.7%). Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥15.94, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Entertainment industry in Hong Kong. Total returns to shareholders of 5.2% over the past three years. Upcoming Dividend • May 31
Upcoming dividend of HK$0.25 per share Eligible shareholders must have bought the stock before 07 June 2021. Payment date: 09 July 2021. Trailing yield: 2.2%. Lower than top quartile of Hong Kong dividend payers (6.0%). Lower than average of industry peers (2.5%). Reported Earnings • May 03
Full year 2020 earnings released: EPS CN¥1.71 (vs CN¥1.53 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥6.14b (up 5.9% from FY 2019). Net income: CN¥953.5m (up 18% from FY 2019). Profit margin: 16% (up from 14% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 26
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥6.14b (up 5.9% from FY 2019). Net income: CN¥953.5m (up 18% from FY 2019). Profit margin: 16% (up from 14% in FY 2019). Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥18.26, the stock is trading at a trailing P/E ratio of 11.4x, down from the previous P/E ratio of 14x. This compares to an average P/E of 11x in the Entertainment industry in Hong Kong. Total return to shareholders over the past three years is a loss of 7.6%. Is New 90 Day High Low • Feb 20
New 90-day high: HK$22.45 The company is up 34% from its price of HK$16.80 on 20 November 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Entertainment industry, which is up 44% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$35.65 per share. Is New 90 Day High Low • Feb 04
New 90-day high: HK$20.60 The company is up 19% from its price of HK$17.38 on 06 November 2020. The Hong Kong market is up 14% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Entertainment industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$34.82 per share. Is New 90 Day High Low • Jan 19
New 90-day high: HK$18.42 The company is up 7.0% from its price of HK$17.26 on 22 October 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$33.41 per share. Is New 90 Day High Low • Dec 10
New 90-day low: HK$15.76 The company is down 8.0% from its price of HK$17.18 on 11 September 2020. The Hong Kong market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$33.31 per share. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total profits of CN¥722.7m, down 5.7% from the prior year. Total revenue was CN¥5.94b over the last 12 months, up 13% from the prior year. 
