Earnings release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . NetDragon NetDragon Websoft Holdings Limited 網 龍 網絡 控股 有限公司 ( incorporated in the Cayman Islands with limited liability ) ( Stock Code : 777 ) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2021 BUSINESS REVIEW AND OUTLOOK NetDragon Websoft Holdings Limited ( the " Company ” ) and its subsidiaries ( collectively referred to as the " Group " ) is excited about the overall achievements in the first half of 2021 and the strong momentum of both gaming and education business . Revenue increased by 18.9 % year - on year ( “ YoY ” ) , reaching RMB3.4 billion , and at the same time the Group achieved a 59.2 % YoY increase in operating profit . The outstanding operating performance is a testimony to unique core competencies built over years of investment in people , technologies and infrastructure . Education business recorded one of the strongest growth performances in recent years . Riding on its global market leadership position , the Group's flagship classroom technology subsidiary Promethean continued to gain further market share , resulting in a 25.2 % YoY revenue growth on the back of fast - growing market demand for classroom technology . The Group continued to make progress with the execution of country strategy . With the recent signing of a memorandum of understanding ( “ MOU " ) with the Ministry of Education in Thailand to launch the English Smart Classroom Lab project , where the Group will deliver a unique blended learning solution targeting the English - learning use case . In addition to Egypt and Thailand , where see the Group's largest near - term revenue opportunities , the Group is in discussion to pursue multiple opportunities in several other countries . Given the strong business performance and confidence in the outlook , the Group has recently started to commence the planning work for the public listing of education business . Shareholders of the Company and potential investors should note that the possible public listing of education business as mentioned is still at preliminary stage ; and if it proceeds , it will be subject to approvals from , among others , the relevant regulatory authorities including but not limited to the Hong Kong Stock Exchange , the final decision of the Board , market and other conditions . There is no assurance that the aforementioned possible public listing will proceed or as to when it may take place . Shareholders of the Company and potential investors are reminded to exercise caution when dealing in the securities of the Company . 1