On June 29, NetEase-S rose 3.52% in regular trading, trading at HKD 196.1/share, with turnover of HKD 412 million.

On the news front, NetEase will officially convert from a Hong Kong secondary listing to dual primary listing status effective June 30, concluding its 12-month transitional grace period ahead of schedule. The Hong Kong Stock Exchange determined that over 55% of the companys global trading volume by value in the prior fiscal year was conducted on the Hong Kong market. The S marker in the stock name will be removed on the same date. Dual primary listing status means the company will become eligible for Stock Connect inclusion, potentially broadening its mainland investor base and enhancing liquidity.

Additionally, NetEases new game Forgotten Sea is set to launch its PC public beta on July 9. Institutional estimates project first-year revenue of approximately RMB 5 billion, with a profit margin assumption of 35%-45% potentially contributing RMB 1.75-2.25 billion in incremental profit, representing 4.7%-6% of the companys Non-GAAP earnings.

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