Shares of NetEase-S (09999) rose more than 3% during the morning trading session. At the time of writing, the stock was up 3.52%, trading at HK$193.90 with a turnover of HK$735 million.
Analysts have expressed optimism regarding the company's upcoming game, "Forgotten Sea." Drawing comparisons to titles such as "Identity V," "Wuthering Waves," and "Different Ring," they project that the new game could generate annual revenue of approximately 5 billion yuan in its first year. Given its multi-platform release, including PC, which typically commands higher profit margins, the overall profitability is expected to be enhanced. Under a projected profit margin assumption of 35% to 45%, the launch could contribute an incremental profit of 1.75 to 2.25 billion yuan. This would represent about 4.7% to 6% of the company's estimated non-GAAP profit for 2025.