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