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2026-07-30 16:17:39 Citi published a research report stating that NTES (09999.HK) will announce its second-quarter results in mid-to-late August. The broker expects overall performance to be broadly in line with its forecasts and market consensus, while maintaining its projections unchanged. It estimated that total revenue for the second quarter will rise 6.1% YoY to RMB29.6 billion, while non-GAAP net profit is expected to reach RMB9.92 billion, supported by the resilience of its existing game portfolio. The broker expects management to maintain an optimistic outlook during the earnings conference and provide further insights into the future growth potential of its gaming business. The broker maintained its earnings forecasts for 2026 to 2028 unchanged. It kept the US stock TP for NetEase, Inc. (NTES.US) at USD174 and maintained the Buy rating. Citi expects passive fund inflows and increased interest from southbound funds to support the share price. Looking ahead to the third quarter, the broker forecast total revenue of RMB30.7 billion for NetEase, representing a YoY increase of 8.2%. It also estimated third-quarter non-GAAP net profit at RMB10.2 billion, compared with market expectations of RMB10.3 billion. (gc/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |