Summary by Moomoo AI
NetDragon Network Holdings Limited (“NetDragon”) announced its final results for the year ended December 31, 2023. Revenues from the gaming business bounced back strongly to achieve revenues of RMB38 billion for the year, an increase of 9.6% year-on-year. The company's gaming business has seen significant growth over the past decade, with Magic Domain IP performing well. In the education business, the company successfully completed the split of its overseas education business in December and went public in the United States, and the newly launched entity Mynd.ai will further enhance hardware competitiveness. The company also received an ESG rating from MSCI (Ming Sheng) to BBB. NetDragon declared a final dividend of HK$0.40 per ordinary share, with a total dividend of HK$1.80 per ordinary share for the full year. Looking ahead, NetDragon will continue to drive revenue and profit growth in the gaming business and plans to enter or expand its share of markets such as Japan, the Middle East and Indonesia in 2024.