Welcome to our dedicated page for Netdragon Websft news (Ticker: NDWTY), a resource for investors and traders seeking the latest updates and insights on Netdragon Websft stock.
NetDragon Websft Holdings Limited (NDWTY) is a global leader in creating immersive digital ecosystems through its pioneering work in online gaming and AI-driven education technology. This page serves as the definitive source for verified company announcements, providing investors and industry observers with timely updates on strategic developments.
Access comprehensive coverage of earnings reports, product launches, and partnership announcements across NetDragon's dual focus areas. The gaming section features updates on popular titles and platform innovations, while education updates track advancements in classroom technology through subsidiary Mynd.ai.
All content undergoes strict verification to ensure accuracy and relevance for financial decision-making. Users will find chronological updates on R&D breakthroughs, market expansions, and leadership initiatives that shape the company's trajectory in interactive entertainment and digital learning solutions.
Bookmark this page for direct access to NetDragon's official communications, including regulatory filings and technology white papers. Regular updates ensure stakeholders maintain current understanding of the company's AI integration strategies and global market positioning.
NetDragon (NDWTY) has partnered with Thailand's Ministry of Higher Education, Science, Research and Innovation (MHESI) to launch the MHESI Skill platform, an AI education platform for EV industry training. The platform is part of MHESI's "EV Ready+" program and will offer five free certified courses focusing on electric vehicle technology:
- Basic Electric Vehicle Technology
- Electric Vehicle Maintenance
- EV System Design and Development
- EV Infrastructure and Charging Systems
- EV Business Management
The program features a hybrid learning approach, combining online theory through the MHESI Skill platform with hands-on training at partner universities. Initially available at Bangkok Thonburi University and King Mongkut's University, the program aims to expand nationwide to support Thailand's goal of becoming the Asia-Pacific's EV production hub.
NetDragon reported its 2024 financial results, showing mixed performance with total revenue declining 14.8% YoY to RMB6.0 billion, while profit before tax increased 19.1% YoY to RMB756 million. The company increased its final dividend by 25% to HK$0.5 per share.
The gaming segment generated RMB3.9 billion in revenue (65.1% of total), down 6.0% YoY, while Mynd.ai contributed RMB2.1 billion (34.8% of total), declining 27.6% YoY. The company maintained strong liquidity with net cash up 13.3% YoY to RMB2.1 billion and operating cash flow of RMB1.1 billion.
Notable developments include the implementation of AI tools across gaming and education sectors, establishment of an AI Content Factory, and strategic partnership with Wenge Technology involving a RMB75 million investment. The company's flagship Eudemons IP saw MAU increase by 10.1% YoY, despite revenue decline. Mynd.ai faced industry challenges but launched new products including ActivPanel 10.
NetDragon Websoft Holdings (Hong Kong: 0777) has signed a Memorandum of Understanding (MoU) with The Hong Kong Polytechnic University (PolyU) to establish a strategic partnership focused on educational technology innovation. The collaboration encompasses three key areas: joint development of an AI learning platform, collaborative research in EdTech, and facilitation of academic exchange programs among tertiary institutions globally.
The partnership aims to enhance student learning experiences through AI technology integration and promote EdTech applications in higher education. The collaboration will leverage PolyU's academic resources and NetDragon's expertise in AI and EdTech to develop innovative educational solutions. NetDragon, established in 1999, is known for online gaming and educational technology, with its education subsidiary Mynd.ai having interactive technology present in over 1 million learning spaces across 126 countries.
NetDragon reported its 2024 interim financial results, showing resilience amid challenges. Key highlights include:
- Revenue decreased 10.3% YoY to RMB3.30 billion
- Gaming revenue increased 2.1% YoY to RMB1.36 billion
- EBITDA increased 12.9% YoY to RMB1.04 billion
- Profit attributable to owners decreased 20.0% YoY to RMB400 million
The company saw growth in its domestic PC gaming business, driven by flagship IPs like Eudemons, Conquer, and Heroes Evolved. New game launches are expected to drive future growth. The education subsidiary Mynd.ai faced industry-wide softening demand but improved gross margins. NetDragon is pursuing cost optimization and evolving towards an integrated software and service model in education technology.
NetDragon and EDA (Thailand) have announced a strategic initiative with Thailand's Ministry of Higher Education, Science, Research and Innovation (MHESI) to revolutionize education through an AI-powered platform called aom-ai. The platform, set to launch later this year, is being previewed at the MHESI Fair SCI Power for Future Thailand expo from July 22 to 28, 2024.
Aom-ai is designed to personalize education experiences, adapt to individual learning styles, and support lifelong learning. It will offer self-paced learning, accredited certifications, and aim to prepare Thai citizens for the digital economy. NetDragon's booth at the expo features an Immersive Learning Zone and an Independent Learning Zone, showcasing various educational technologies.
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