NetDragon announced its financial report for year 2007, which was alsos the first NetDragon published its financial report after listing. According to the report, for the year ended 31 December 2007 the Group's revenue was approximately RMB 645,214,000, an increase of 428.6% over revenue for the previous year. Gross profit and net profit attributable to shareholders were RMB608,351,000 and RMB374,837,000 respectively, representing increases of 448.6% and 772 % over 2006.
After publishing the financial report, Mr. Liu, Chairman of NetDragon, commented on the Chinese game industry: "We anticipate that the predominant model for online game operations will evolve into a free-of-charge model, with users paying for value-added services. As for the types of online games we plan to develop, we are looking to attract players by boosting the amusement and excitement of our educational and intelligence games while at the same time improving the aesthetic appeal of the graphics. By improving our core game development capabilities, boosting our operating revenue and expanding our product portfolio, we believe the Group will be able to continue benefiting from the huge market opportunities. "
He also revealed that NetDragon have closed a deal with BVIG, "We will strive to achieve even stronger capabilities in our core game development, for instance by cooperating with international institutions in the future. Our cooperation with BVIG (part of the Disney Group) is a good example. We are engaged in a content development and distribution agreement with BVIG to develop an intelligence game featuring Disney cartoon characters in leading roles, which we plan to officially launch in 2009."
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