开源证券：维持网易-S(09999)“买入”评级看好老游焕新/新游上线驱动成长

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智通财经APP获悉，开源证券发布研报称，截至Q4末，网易-S(09999)合同负债环比+5%至205亿元，增长动能强劲。基于新游上线时间预期，当前股价对应PE分别为14.1/12.5/11.6倍，看好老游戏长线运营、新游上线、AI赋能深化共驱成长，维持“买入”评级。开源证券主要观点如下：长线运营激发经典游戏活力，《燕云十六声》反映出海实力，在研产品丰富2025Q4游戏及相关增值服务实现收入220...

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开源证券：维持网易-S(09999)“买入”评级 看好老游焕新/新游上线驱动成长

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开源证券：维持网易-S(09999)“买入”评级看好老游焕新/新游上线驱动成长