{
 "as_of": "2026-11-04",
 "cmr": "hk-cm-kg/HKEX/00777",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# NETDRAGON (Main Board: 00777) — research page\n\nAs of 2026-11-04 · hk-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is NETDRAGON, listed on the Main Board under ticker 00777, ISIN KYG6427W1042. The LEI is not on the record, because the ISIN is not in the GLEIF mapping file. Its security type is Corporate, its listing status is listed and not halted. Segment, sector and jurisdiction are not on the record.\n\n## The disclosure read\n\nThe record holds 62 filings across 42 filing days in the window 2025-11-04 to 2026-11-04. The median gap between filing days is 5 days. The latest filing is a monthly_return dated 2026-11-02, 2 days before the record date of 2026-11-04. The Main Board median cadence gap is 9.0 days across 2472 issuers, and the Main Board median filings count is 46.0, against which this issuer's 62 filings sit above the median. The Main Board median latency is 2.0 days. The sector peer figures are not on the record.\n\n## Auditor\n\nThe auditor of record is Deloitte Touche Tohmatsu, and its location is not on the record. Auditor changes are not on the record, as the market's record does not carry them.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, because no lifecycle type map is yet held for this register. The halt flag shows listed, not halted.\n\n## Orderability\n\nThe outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 24 research houses: SPDB International, Huafu Securities, BOCOM International, CCB International, CITIC Securities, DBS Bank (Hong Kong) Ltd, SDIC Securities, Everbright Securities, First Shanghai Securities Limited, Guosen Securities（HK）, ICBC International Research Limited, Industrial Securities, Macquarie Capital Limited, Phillip Securities (HK) Limited, Zhongtai International, Southwest Securities, China Tonghai Securities, Topsperity Securities, BOCI, Guotai Haitong Securities, Zheshang Securities, Soochow Securities, Global Prosperity Financial Company Limited and China Securities.\n\n## Open research\n\nNo openly published research notes were found on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe vintage is not sealed, and no issuer years are sealed. The market's earliest sealed date is not on the record. The live record began on 2026-09-12. Years 2021, 2022, 2023, 2024, 2025 and 2026 are sealed in the store but not served as of a date, and the as-of door answers not_sealed.\n\n## Sources\n\n7 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx (identity.exchange)\n- https://mcp.hk-cm-kg.ai/events/HKEX/00777 (the disclosure lines)\n- https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm (the halt flag)\n- https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0428/2026042800524.pdf (the auditor)\n- https://mcp.hk-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://ir.nd.com.cn/en/analyst-coverage (coverage)\n- https://mcp.hk-cm-kg.ai/record/HKEX/00777 (the record)\n",
 "market": "HK",
 "node": "hk-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": "2026-09-12",
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "6 years are sealed in the HK store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-04",
   "record_version": 1,
   "sealed": false,
   "store_years_sealed_not_served": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ]
  },
  "auditor": {
   "auditor": {
    "read_by": "annual report 2026-04-28 (HKEXnews), Corporate Information, read by Tavily page extraction",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0428/2026042800524.pdf",
    "state": "confirmed",
    "value": "Deloitte Touche Tohmatsu"
   },
   "auditor_firm_id": {
    "market": "HK",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "HK",
    "state": "not_on_record"
   },
   "changes": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "hk-cm-kg/HKEX/00777",
  "coverage": {
   "count": 24,
   "houses": [
    {
     "analyst": "Dan Zhao",
     "house": "SPDB International",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Zemin Chen",
     "house": "Huafu Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Connie Gu",
     "house": "BOCOM International",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Cathy Chan",
     "house": "CCB International",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Ya Jiang",
     "house": "CITIC Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Tsz Wang TAM",
     "house": "DBS Bank (Hong Kong) Ltd",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Juan Jiao",
     "house": "SDIC Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Kai Liu",
     "house": "Everbright Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Fanhuan Luo",
     "house": "First Shanghai Securities Limited",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Raymond Lam",
     "house": "Guosen Securities（HK）",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Zeping Zhao",
     "house": "ICBC International Research Limited",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Jian Song",
     "house": "Industrial Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Han Joon Kim",
     "house": "Macquarie Capital Limited",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Megan Tao",
     "house": "Phillip Securities (HK) Limited",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Albert Yu",
     "house": "Zhongtai International",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Yan Liu",
     "house": "Southwest Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Raymond Lam",
     "house": "China Tonghai Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Xiao Ma",
     "house": "Topsperity Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Yi Lu",
     "house": "BOCI",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Heping Qin",
     "house": "Guotai Haitong Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Cuiting Feng",
     "house": "Zheshang Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Liangwei Zhang",
     "house": "Soochow Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Charles Zhuang",
     "house": "Global Prosperity Financial Company Limited",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Botao Yu",
     "house": "China Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://ir.nd.com.cn/en/analyst-coverage",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://ir.nd.com.cn/en/analyst-coverage",
     "result": "read: 24 of 33 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 2472,
     "median_cadence_gap_days": 9,
     "median_filings": 46,
     "median_latency_days": 2,
     "name": "Main Board"
    },
    "sector": {
     "market": "HK",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "agm_egm": 4,
    "announcement": 6,
    "annual_report": 1,
    "circular": 11,
    "director_change": 1,
    "dividend": 2,
    "interim_report": 1,
    "monthly_return": 13,
    "next_day_disclosure": 17,
    "results": 6
   },
   "cadence_median_gap_days": 5,
   "filing_days": 42,
   "filings": 62,
   "latency_days": 2,
   "latest": [
    {
     "category": null,
     "date": "2026-11-02",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1102/2026110201266.pdf",
     "title": "MONTHLY RETURN OF EQUITY ISSUER ON MOVEMENTS IN SECURITIES FOR THE MONTH ENDED 31 OCTOBER 2026",
     "type": "monthly_return"
    },
    {
     "category": null,
     "date": "2026-10-05",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1005/2026100500677.pdf",
     "title": "MONTHLY RETURN OF EQUITY ISSUER ON MOVEMENTS IN SECURITIES FOR THE MONTH ENDED 30 SEPTEMBER 2026",
     "type": "monthly_return"
    },
    {
     "category": null,
     "date": "2026-09-28",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0928/2026092802039.pdf",
     "title": "MEMORANDUM IN RELATION TO THE FORMATION OF A JOINT VENTURE AND PROPOSED ISSUE OF UNLISTED WARRANTS UNDER SPECIFIC MANDATE",
     "type": "announcement"
    },
    {
     "category": null,
     "date": "2026-09-22",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0922/2026092200484.pdf",
     "title": "Reply Form",
     "type": "circular"
    },
    {
     "category": null,
     "date": "2026-09-22",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0922/2026092200472.pdf",
     "title": "Form of Change of Preference",
     "type": "circular"
    }
   ],
   "latest_filing_date": "2026-11-02",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.hk-cm-kg.ai/events/HKEX/00777",
   "window": {
    "from": "2025-11-04",
    "to": "2026-11-04"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "Main Board"
   },
   "isin": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "KYG6427W1042"
   },
   "jurisdiction": {
    "market": "HK",
    "reason": "no LEI record",
    "state": "not_on_record"
   },
   "lei": {
    "market": "HK",
    "reason": "ISIN not in the GLEIF mapping file (no name route on this node: no search layer by order)",
    "state": "not_on_record"
   },
   "name": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "NETDRAGON"
   },
   "sector": {
    "market": "HK",
    "reason": "HKEX publishes the industry classification per issuer on its website pages, not in the List of Securities (no page reads by order)",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "HK",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "00777"
   },
   "website": {
    "market": "HK",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "HK",
  "node": "hk-cm-kg",
  "numbers_hash": "sha256:e9742d87b64d89f43a414d53f007420607f1d6ddcce6d7bec67fe21dcd448a5c",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://mcp.hk-cm-kg.ai/book/aio.json",
    "door": "https://mcp.hk-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1",
   "section": "hk.aio.v6"
  },
  "record": {
   "as_of": "2026-11-04",
   "url": "https://mcp.hk-cm-kg.ai/record/HKEX/00777",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-04",
   "source": "https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:e9742d87b64d89f43a414d53f007420607f1d6ddcce6d7bec67fe21dcd448a5c",
 "path": "/hk/HKEX/00777",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is NETDRAGON, listed on the Main Board under ticker 00777, ISIN KYG6427W1042. The LEI is not on the record, because the ISIN is not in the GLEIF mapping file. Its security type is Corporate, its listing status is listed and not halted. Segment, sector and jurisdiction are not on the record.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 62 filings across 42 filing days in the window 2025-11-04 to 2026-11-04. The median gap between filing days is 5 days. The latest filing is a monthly_return dated 2026-11-02, 2 days before the record date of 2026-11-04. The Main Board median cadence gap is 9.0 days across 2472 issuers, and the Main Board median filings count is 46.0, against which this issuer's 62 filings sit above the median. The Main Board median latency is 2.0 days. The sector peer figures are not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is Deloitte Touche Tohmatsu, and its location is not on the record. Auditor changes are not on the record, as the market's record does not carry them.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, because no lifecycle type map is yet held for this register. The halt flag shows listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 24 research houses: SPDB International, Huafu Securities, BOCOM International, CCB International, CITIC Securities, DBS Bank (Hong Kong) Ltd, SDIC Securities, Everbright Securities, First Shanghai Securities Limited, Guosen Securities（HK）, ICBC International Research Limited, Industrial Securities, Macquarie Capital Limited, Phillip Securities (HK) Limited, Zhongtai International, Southwest Securities, China Tonghai Securities, Topsperity Securities, BOCI, Guotai Haitong Securities, Zheshang Securities, Soochow Securities, Global Prosperity Financial Company Limited and China Securities.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The vintage is not sealed, and no issuer years are sealed. The market's earliest sealed date is not on the record. The live record began on 2026-09-12. Years 2021, 2022, 2023, 2024, 2025 and 2026 are sealed in the store but not served as of a date, and the as-of door answers not_sealed.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "7 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.hk-cm-kg.ai/events/HKEX/00777"
  },
  {
   "for": "the halt flag",
   "source": "https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm"
  },
  {
   "for": "the auditor",
   "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0428/2026042800524.pdf"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.hk-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://ir.nd.com.cn/en/analyst-coverage"
  },
  {
   "for": "the record",
   "source": "https://mcp.hk-cm-kg.ai/record/HKEX/00777"
  }
 ],
 "title": "NETDRAGON (00777) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}