Netdragon's net profit in the first half of 2021 is 430 million yuan, and it plans to start a US $300 million equity repurchase

【TechWeb】8 month 26 Daily news , Netdragon network （777.HK） Release 2021 Mid year results , Company earnings 33.56 One hundred million yuan , Year-on-year growth 18.9%; The owner of the company shall account for the profit 4.3 One hundred million yuan , Year-on-year growth 28.0%.

The board of directors of Netdragon has authorized a commitment to a share repurchase plan , The plan will be carried out within three years , The total repurchase amount is up to 3 Billion dollars . The goal is to combine share repurchase and dividends in the next three years , Return most of the free cash flow to investors .

2021 Financial summary for the first half of the year

‧ The income is RMB 33.56 One hundred million yuan , Year-on-year growth 18.9%.

‧ The revenue from the game business is RMB 18.48 One hundred million yuan , Of the group's total revenue 55.0%, Year-on-year growth 12.2%.

‧ The income from education business is RMB 14.08 One hundred million yuan , Of the group's total revenue 41.9%, Same as Than growth 23.7%.

‧ The gross profit is RMB 22.34 One hundred million yuan , Year-on-year growth 19.5%.

‧ The operating profit from the game business is RMB 10.69 One hundred million yuan , Year-on-year growth 13.3%.

‧ The operating loss from the education business is RMB 26.58 One hundred million yuan , Year on year narrowing 29.6%.

‧ Profit before interest, tax, depreciation and amortization is RMB 8.92 One hundred million yuan , Year-on-year growth 42.4%.

‧ Non GAAP operating profit is RMB 7.54 One hundred million yuan , Year-on-year growth 48.1%.

‧ The profit attributable to the owners of the company is RMB 4.31 One hundred million yuan , Year-on-year growth 28.0%.

‧ Non GAAP profit attributable to owners of the company is RMB 5.67 One hundred million yuan , Year-on-year growth 26.1%.

‧ On 2021 year 6 month 30 Japan , The net cash balance is RMB 41 One hundred million yuan .

‧ Distribution deadline 2021 year 6 month 30 Interim dividend per ordinary share for the six months ended 0.40 The Hong Kong dollar , Year-on-year growth 60.0%.