HK Stock Market Move | NTES-S (09999) rises more than 4%, company's first quarter performance exceeds expectations, game revenue growth rate rebounds.

09:36 22/05/2026

NetEase-S (09999) surged more than 4%, as of press time, it rose 4.54% to HK$179.5, with a turnover of HK$4.18 billion.

NTES-S (09999) rose more than 4%, rising by 4.54% to 179.5 Hong Kong dollars as of the drafted release, with a turnover of 418 million Hong Kong dollars. On the news front, on May 21st, NetEase released its first quarter financial report for 2026. In the first quarter, NetEase's revenue was 30.6 billion yuan, a year-on-year increase of 6.1%; the net profit attributable to the company's shareholders was 10.7 billion yuan, a year-on-year increase of 3.6%. Games are the main source of revenue for NetEase, with gaming and related value-added services revenue in the first quarter reaching 25.7 billion yuan, a year-on-year increase of 6.9%, accounting for nearly 84% of revenue. The financial report mentioned that the increase mainly came from self-developed games such as the "Fantasy Westward Journey" series and "Yanyun Sixteen Melodies". Zhong Jin pointed out that the "Sea of Forgetfulness" will start closed beta testing on May 28, with expectations to launch in the summer of this year (as of May 21, with over 22 million pre-registered users across all platforms); in addition, they have reserves of diversified new products such as "Infinite Worlds," "Shanhai Journey," and "Return to Tang." The improvement in gross profit margin exceeding expectations and stable shareholder returns provide a safety margin, with the upcoming new product cycle and globalization progress being key observation variables in the future.

HK Stock Market Move | Huaqin Co., Ltd. (03296) surged more than 10% in early trading as the company entered the Hong Kong Stock Connect list. It recently completed the acquisition of a minority stake in Nexchip Semiconductor Corporation.

HK Stock Market Move | MOG DIGITECH (01942) fell by more than 20% in early trading, suggesting a 2-for-1 rights issue at a discount of about 54.5% to raise HK$44.6 million.

Canada introduces new regulations on streaming media: Netflix and Spotify are forced to "increase taxes", while spending on local content is significantly increased.

HK Stock Market Move | MOG DIGITECH (01942) fell by more than 20% in early trading, suggesting a 2-for-1 rights issue at a discount of about 54.5% to raise HK$44.6 million.

Canada introduces new regulations on streaming media: Netflix and Spotify are forced to "increase taxes", while spending on local content is significantly increased.