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.
Promethean, a global education technology leader, has launched an extensive Corporate Social Responsibility (CSR) program. This initiative aims to enhance quality education, foster community engagement, and promote environmental sustainability. Key pillars include achieving carbon neutrality, improving diversity and inclusion through employee groups, and donating resources to underserved schools. The company also enables employees to participate in community service with paid volunteering days. Promethean's commitment reflects its 20+ years of dedication to making a positive impact globally.
NetDragon Websoft Holdings Limited has partnered with China Unicom Fujian Branch to launch a national '5G+Smart Education' Application Demonstration Project. The initiative, approved in 2020, aims to implement advanced education technology in 100 schools across Fujian Province, benefiting over 10,000 teachers and students. Utilizing 5G, VR, and AR technologies, the project focuses on remote education, smart classrooms, and HD security. This partnership positions NetDragon as a key player in the educational sector, with plans for national replication.
NetDragon Websoft Holdings Limited announced that its education subsidiary, Huayu, has signed a strategic cooperation agreement with the National Center for Educational Technology (NCET), a unit of China's Ministry of Education. This partnership will leverage technologies like VR, AI, and big data to enhance education informatization across China. The agreement aims to develop innovative educational products and integrate virtual learning into primary and secondary schools, with over 3,000 teaching materials already available. This marks a significant step towards establishing a new model of smart education.
NetDragon Websoft Holdings Limited reported its fiscal year 2020 results, marking its 10th consecutive year of revenue growth with a 5.9% increase to RMB6,137.6 million. Gaming revenue grew by 4% to RMB3,432.7 million, while education revenue increased by 2% to RMB2,443.9 million. Gross profit rose by 8.2% to RMB4,171.3 million, and EBITDA surged by 30.2% to RMB1,621.5 million. Despite a core segmental loss in education of RMB585.5 million, the company remains optimistic about future growth opportunities in both sectors, with new gaming titles launching in 2021.
NetDragon Websoft Holdings Limited reported its fiscal year 2020 financial results, highlighting a 5.9% revenue increase to RMB6,137.6 million. The gaming segment contributed RMB3,432.7 million, a 4.0% rise, while the education segment saw a 2.0% rise to RMB2,443.9 million. Gross profit reached RMB4,171.3 million, up 8.2%. The company declared a total dividend of HK$0.50 per share. Significant milestones include a 10th consecutive year of revenue growth and international rollouts in Egypt and other countries, alongside a robust gaming performance marked by a 49% increase in monthly active users for Eudemons Online.
NetDragon Websoft Holdings Limited has announced the launch of an E-Resource platform for teachers globally in partnership with UNESCO Institute for Information Technologies in Education. This initiative, named "Teacher Capacity Building with AI and Digital Technologies: E-library for Teachers," aims to support around 100,000 educators by providing access to open educational resources, training, and digital tools. The platform will be available in English, Russian, and Arabic, focusing on regions such as Africa, Asia, and Eastern Europe, and aligns with the United Nations' Sustainable Development Goal 4 to promote equitable education by 2030.
Promethean has launched an upgraded professional development platform, Learn Promethean, aimed at enhancing classroom engagement for educators. This user-friendly portal caters to teachers and administrators by providing resources, training, and online courses focused on Promethean's technology suite, including the ActivPanel Elements Series and lesson delivery software. Currently available in the United States and United Kingdom, the platform is set to expand to France, Germany, and Australia. The initiative aims to foster adaptive learning tailored to various educational needs.
NetDragon reported its 2020 H1 financial results, highlighting a revenue increase of 5.6% year-over-year, totaling RMB2,822.9 million. The education segment saw an 8.5% revenue growth, driven by Promethean's strong market share gains and the launch of the Edmodo Enterprise platform. The gaming division experienced 4.5% revenue growth, despite challenges from the pandemic. Operating cash flow surged 25.7% year-over-year. However, core segmental profit from the gaming sector decreased by 0.5%, while the education segment faced a 33.6% increase in losses.
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