CICC has released a research report predicting that NTES-S (09999.HK) -1.600 (-0.774%) Short selling $114.52M; Ratio 8.894% will deliver steady results for 4Q25, with revenue expected to have grown by 7% YoY to RMB28.5 billion, shy of the market forecast of RMB28.8 billion.Due to potential investment and exchange losses, NTES-S' non-GAAP net profit is also estimated to have declined by 15% YoY to RMB8.25 billion, below the market expectation of RMB9.23 billion.Related NewsCiti Expects NTES-S (09999.HK) 4Q25 Online Game Rev. to Grow 9%+ YoY, Keeps Buy RatingCICC has kept an Outperform rating on NTES-S, with a target price of HKD275.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-01-30 16:25.)