According to the Zhitong Finance App, NetDragon (00777) announced the results for the year ended December 31, 2023. The group obtained revenue of RMB 7.101 billion (same unit), a year-on-year decrease of 9.73%; R&D costs of RMB 1,382 million, an increase of 12.9%; profit attributable to the company's owners of RMB 550 million, a year-on-year decrease of 34.05%; profit per share of 103 points, and a final dividend of HK$0.4 per share.

In 2023, the group made the right investments in important strategic initiatives to promote sustainable growth and focused heavily on execution, and achieved outstanding results. The company's game business revenue rebounded strongly, achieving annual revenue of 3.8 billion yuan, up 9.6% year on year (down 5.8% year on year in 2022). The company is deeply proud that the company's game business has achieved revenue growth in nine of the past ten years, and only experienced a decline in 2022 when the domestic economic growth rate slowed due to the pandemic. The company's game revenue has grown 3.9 times over the past ten years, almost entirely due to the company's endogenous growth, which is driven by the company's focus on providing players with high-quality games.

In 2023, all of the company's core game IPs achieved strong performance. The company is committed to promoting player participation and consumption, providing high-quality content, and consolidating its leading position in the market through continuous innovation and investment in artificial intelligence (AI) technology. During the year, while continuing to drive the strong growth of existing games, the company also vigorously invested in the research and development of various new game product lines. The company believes that with the company's outstanding track record, R&D capabilities and huge player base, the company's game business will have a unique competitive advantage in 2024.

The company's education business reached an important milestone in 2023. In December, the company successfully completed the spin-off of its overseas education business and listing in the US. This spin-off will not only unleash value for the company's shareholders, but will also lead the company's newly listed entity myND.AI to further compete in the hardware field and become a leader in the field of classroom software and hardware. Although hardware sales returned to normal levels before the epidemic in 2023, the company believes that under the influence of the epidemic, the penetration rate and application rate of interactive displays have increased significantly, laying a more solid foundation for the widespread application of software in the future. The company believes that Mynd.AI, as a market leader, can fully seize the opportunities and redefine the landscape of the education industry.

In 2023, the company continued to make positive progress in environmental, social and governance (ESG). In December, the company received an ESG rating from MSCI (Ming Sheng), an authoritative international index agency, to upgrade its ESG rating to BBB, which is a significant increase from the previous rating, indicating that the company's achievements in the ESG field have been recognized by the market.