NetEase Inc

Common Name

NetEase

Country

China (Mainland)

Sector

Communication Services

Industry

Electronic Gaming & Multimedia

Employees

26,028

Ticker

NTES

Exchange

NASDAQ/NGS

Website

ir.netease.com

Description

NetEase, Inc. ADR represents one of China's leading technology companies, focusing on online services centered around content, community, communication, and commerce. With a particular emphasis on onl... Show more

Financial Statements of NetEase

Below are the financial statements of NetEase, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of CNY	2024	2023	2022
Net revenues	105,295.24^a	103,468.16^a	96,495.81^a
Cost of revenues	-39,488.15^a	-40,404.77^a	-43,729.68^a
Gross profit	65,807.08^a	63,063.39^a	52,766.13^a
Operating expenses	—	—	—
Selling and marketing expenses	-14,147.66^a	-13,969.46^a	-13,402.72^a
General and administrative expenses	-4,550.63^a	-4,899.88^a	-4,695.8^a
Research and development expenses	-17,524.81^a	-16,484.91^a	-15,039.01^a
Total operating expenses	-36,223.09^a	-35,354.25^a	-33,137.53^a
Operating profit	29,583.99^a	27,709.14^a	19,628.59^a
Other income/(expenses)	—	—	—
Investment income, net	355.29^a	1,306.72^a	53.98^a
Interest income, net	4,920.92^a	4,120.42^a	2,149.67^a
Exchange gains/(losses), net	255.43^a	-133^a	1,571.21^a
Other, net	602.13^a	1,053.64^a	846.82^a
Income before tax	35,717.76^a	34,056.93^a	24,250.26^a
Income tax	-5,461.41^a	-4,699.7^a	-5,031.84^a
Net income from continuing operations	30,256.35^a	29,357.22^a	19,218.43^a
Net income from discontinued operations	0^a	0^a	624.86^a
Net income	30,256.35^a	29,357.22^a	19,843.29^a
Accretion of redeemable noncontrolling interests	-3.92^a	-3.59^a	-2.98^a
Net loss/(income) attributable to noncontrolling interests and redeemable noncontrolling interests	-554.82^a	62.92^a	497.29^a
Net income attributable to the Company’s shareholders	29,697.61^a	29,416.55^a	20,337.6^a
Net income from continuing operations attributable to the Company’s shareholders	29,697.61^a	29,416.55^a	19,712.74^a
Net income from discontinued operations attributable to the Company’s shareholders	0^a	0^a	624.86^a

Verified Sources Behind NetEase’s Financial Fundamentals Data

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a. NetEase's Annual Report 2024

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NetEase Inc

Financial Statements of NetEase

Verified Sources Behind NetEase’s Financial Fundamentals Data

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