Movement Alert|NetEase Rises 3.01% in Regular Trading, New Game Sea of Forgotten Scheduled for July Public Test with Analysts Bullish on Profit Contribution

Market Focus06-10

On June 10, NetEase rose 3.01% in regular trading, trading at $125.61/share, with trading volume of approximately $13.46 million.

On the news front, NetEase's Joker Studio officially announced that its major new title Sea of Forgotten will launch public testing in July. The game is an ocean-themed open-world RPG developed by the same studio behind Identity V, featuring five years of development, cross-platform availability across mobile, PC, and console, with a distinctive puppet art style blending Gothic and American graffiti aesthetics. As of the announcement, total pre-registrations across all platforms exceeded 29.96 million.

Everbright Securities noted that, referencing similar titles such as Identity V, Wuthering Waves, and Abnormal Ring, Sea of Forgotten could potentially achieve first-year revenue of approximately RMB 5 billion. Given the tri-platform release strategy where PC direct sales carry higher margins, the overall profit margin could reach 35%-45%, potentially contributing RMB 1.75-2.25 billion in incremental profit, representing 4.7%-6% of the company's Non-GAAP earnings.

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