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NETDRAGON WEBSFT UNSP/ADR, also known as NetDragon Websoft Holdings Limited, is a global leader in building internet communities. The company specializes in scaling internet and mobile platforms in gaming and education sectors, recognized globally for leveraging technology to enhance learning experiences. With a focus on metaverse opportunities, NetDragon recently completed a strategic investment in Rokid Corporation Ltd, a leading AR technology company. The partnership aims to create next-generation interactive user experiences.
NetDragon Websoft Holdings Limited reported strong financial results for FY 2021, with revenue increasing by 14.6% year-over-year to RMB 7.0 billion. The gaming segment saw a 6.1% revenue growth, while the education segment achieved a remarkable 32.2% increase. The company maintained a robust net profit of RMB 1.1 billion, up 11.4% YoY. Significant milestones included a special interim dividend of US$100 million and ongoing share buyback initiatives. Management anticipates continued growth in both gaming and educational technologies.
Promethean has achieved carbon neutrality for the second consecutive year, enhancing its transportation efficiency by 61%. The company supports the Rimba Raya Biodiversity Reserve Project in Indonesia through carbon offset purchases, which aims to preserve biodiversity and reduce emissions. The project covers over 160,000 acres and aligns with 12 United Nations Sustainable Development Goals, benefiting local communities through job development and education. Promethean's commitment to carbon neutrality is part of its Corporate Social Responsibility program, aiming for net-zero emissions in the future.
NetDragon Websoft Holdings Limited announced that its subsidiary Promethean continues to lead the Interactive Flat Panel Displays (IFPD) market according to Futuresource Consulting's Q4 2021 report. Promethean achieved a 23.0% volume share from January to December 2021, maintaining its top position in the United States, United Kingdom, Ireland, and gaining ground in Germany. The demand for IFPD surged as education transitions back to in-person learning, highlighting Promethean's commitment to providing integrated solutions for schools, including interactive displays and teaching software.
Promethean, an education technology leader, received the Awards of Excellence: Best of 2021 from Tech & Learning for its ActivPanel. This recognition underscores the product's value in promoting teaching and learning across diverse environments. Promethean exhibits at TCEA 2022 from February 7-10, showcasing insights into the economic impact of interactive displays. The company will lead sessions focusing on improving student achievement and engagement, emphasizing innovation in educational technology.
NetDragon Websoft Holdings Limited announced the official launch of its new mobile game, Under Oath, with open beta testing starting on December 9, 2021. This new ACGN IP mobile game follows the success of previous titles like Eudemons and Heroes Evolved. In the first half of 2021, the gaming business saw a 12.2% revenue increase year-over-year to RMB1,847.5 million and a 13.3% rise in core segmental profit to RMB1,069.2 million. The company aims to enhance growth by optimizing its game portfolio and maximizing the value of its IPs.
NetDragon Websoft Holdings Limited announced that its subsidiary Neopets, Inc. successfully sold 4,233 NFTs from the Neopets Metaverse Collection between November 12 and November 15, totaling 8,708 SOLs. The company now holds over US$40 million in cryptocurrencies. This NFT sale generated significant interest among both Neopets enthusiasts and blockchain communities, reflecting high demand for digital memorabilia. Proceeds will fund further development of games across web and blockchain platforms, marking NetDragon's entry into the metaverse, leveraging its technology and gaming expertise.
On Nov. 1, 2021, Promethean, a leader in education technology, launched a new brand identity ahead of its 25th anniversary. The rebranding emphasizes a modern look and a mission to enhance educational experiences. With the tagline "Let's do something brilliant," Promethean aims to empower innovation through advanced interactive displays and robust services. The revamped website promises improved user experience, making it easier for customers to access product information. Testimonials affirm Promethean's impact on bridging the digital divide in education systems.
On November 8, 2021, Promethean will host the STEAM Forward online conference from 1:00 to 7:30 p.m. EST. The event focuses on enhancing hybrid and remote teaching through technology integration, featuring keynote speaker Danielle Feinberg from Pixar. Attendees can participate in various sessions, including talks by award-winning educators and industry experts. Registration is free, and participants are encouraged to engage on Twitter using the hashtag #STEAMForward21.
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