NTES(09999) 开源证券·2024-12-30 11:57Investment Rating - The investment rating for the company is "Buy" (maintained) [6]. Core Insights - The company has received approval for its self-developed game "Infinite" across mobile, client, and console platforms, alongside other titles such as "Top Pursuit" and "Legion War" [9]. - "Infinite" is characterized as a high-freedom, open-world RPG set in a two-dimensional urban environment, featuring diverse activities and modes that enhance user engagement and social interaction [9]. - The global pre-registration for "Infinite" has exceeded 8 million, indicating strong market interest and potential revenue growth post-launch [9]. - The company is also set to launch its martial arts open-world game "Yanyun Sixteen Sounds" for PC on December 27 [9]. Financial Summary - Current stock price is HKD 140.20, with a market capitalization of HKD 4,668.05 billion and a circulating market value of HKD 4,517.90 billion [6]. - The company’s projected financial performance includes revenue growth from HKD 103,468 million in 2023 to HKD 107,781 million in 2024, with a net profit forecast of HKD 29,290 million for 2024 [26]. - The expected EPS for 2024 is HKD 9.1, with a corresponding P/E ratio of 14.5 [26].