CICC released a research report saying that it maintains Kingsoft Software's (03888)"outperforms the industry" rating and raises Kingsoft Software's revenue forecast by 2% and 3% respectively for this year and next year to 99, considering that the performance of the game business exceeded expectations.nftgaming.200 million and 11.7 billion yuannftgaming; In view of the increase in revenue contribution from high-margin games, the net profit forecast will be raised by 8% and 10% to 10 eachnftgaming.10 million and 1.37 billion yuan, with a target price of HK$30. The company's first-quarter results basically met the bank's expectations.
According to the report, Jinshan's game business revenue fell 1% year-on-year to 912 million yuan (the same below), mainly due to the natural decline in existing game revenue, and was partially due to the release of "Swordsman World" in the second half of last year.nftgaming: Origin "revenue contribution offset. In terms of end-games, the "Sword Network 3" expansion pack "Fog Sea Searching Dragon" has started public beta on April 25; according to the company's performance announcement,"Sword Network 3 Boundless" is expected to be launched on all platforms in June this year. The bank expects The launch of the multi-terminal interoperability version is expected to further enhance the activity of existing players and promote the return of old players. In terms of mobile games,"Dust and White Forbidden Zone" has performed positively since its new version was launched in April. CICC expects that its outstanding performance in the number of daily active users and flow will continue. According to management guidance, game revenue for the whole year is expected to record a year-on-year growth of 10%.