Business description: NetEase, Inc.

NetEase Inc is a company principally engaged in the gaming business. The Company operates through four segments. Games and Related Value-Added Services segment is engaged in the development and sale of mobile games, game operations, and other value-added services, including in-game virtual items and prepaid credits. Youdao segment provides learning services, smart devices, and online marketing services. The segment's products and services include online courses and digital content services. NetEase Cloud Music segment provides online music services, social entertainment services, and other services through the sale of membership subscriptions for various content and service packages, primarily through the sale of virtual items. Innovative Businesses and Others segment provides rigorous selection, advertising services, email, and other value-added services.

Number of employees: 25,382

Sales by Activity: NetEase, Inc.

Fiscal Period: December 2021 (CNY) 2022 (CNY) 2023 (CNY) 2024 (CNY) 2025 (CNY)

Games and Related Value-Added Services

62.81B 74.57B 81.57B 83.62B 92.15B

NetEase Cloud Music

7B 8.99B 7.87B 7.95B 7.76B

Innovative Businesses and Others (Excluding Cloud Music)

12.45B 7.92B 8.65B 8.1B 6.81B

Youdao

5.35B 5.01B 5.39B 5.63B 5.91B

Geographical breakdown of sales: NetEase, Inc.

Fiscal Period: December 2021 (CNY) 2022 (CNY) 2023 (CNY) 2024 (CNY) 2025 (CNY)

China

87.61B 96.5B 103B 105B 113B

Executive Committee: NetEase, Inc.

Manager TitleAgeSince
Chief Executive Officer 54 01/11/2005
Director of Finance/CFO 44 01/02/2024
Chief Investment Officer - 28/04/2025
Chief Tech/Sci/R&D Officer 42 01/07/2011
General Counsel 56 01/01/2024

Composition of the Board of Directors: NetEase, Inc.

Director TitleAgeSince
Director/Board Member 54 01/11/2005
Director/Board Member 63 25/03/2003
Director/Board Member 64 01/06/2007
Director/Board Member 72 11/07/2002
Director/Board Member 66 01/07/2022
Director/Board Member 65 14/08/2025

Shareholders: NetEase, Inc.

NameEquities%Valuation
45.43 %
1,450,300,000 45.43 % 33 139 M $
China Asset Management Co., Ltd.
1.146 %
36,580,600 1.146 % 836 M $
Da Cheng Fund Management Co., Ltd.
0.216 %
6,895,200 0.216 % 158 M $
Tian Hong Asset Management Co., Ltd.
0.1508 %
4,813,500 0.1508 % 110 M $
Nordea Investment Management AB
0.1365 %
4,357,448 0.1365 % 100 M $
NameEquities%Valuation
UBS Asset Management (UK) Ltd.
1.265 %
8,075,956 1.265 % 949 M $
Ninety One UK Ltd.
0.9846 %
6,286,216 0.9846 % 739 M $
Orbis Investment Management Ltd.
0.5615 %
3,584,478 0.5615 % 421 M $
UBS Asset Management (Hong Kong) Ltd.
0.5253 %
3,353,591 0.5253 % 394 M $
Greenwoods Investments SG Pte Ltd.
0.4997 %
3,190,000 0.4997 % 375 M $

Holdings: NetEase, Inc.

NameEquities%Valuation
129,034,168 59.21% 1 894 M $
35,236,880 7.41% 10 M $

Company details: NetEase, Inc.

NetEase, Inc.

NetEase Building

310052, Hangzhou

+86 57 1898 53378

http://ir.netease.com
address NetEase, Inc.(9999)

Group companies: NetEase, Inc.

NameCategory and Sector
Advertising/Marketing Services
Advertising/Marketing Services

Internet Gaming

Change 5d. change 1-year change 3-years change Capi.($)
-4.82%-6.53%-9.87%+22.64% 73.48B
-2.10%-10.22%-11.29%-25.35% 11.51B
-3.80%-5.52%-30.04%+31.11% 7.92B
-1.61%-4.77%+37.62%-29.70% 6.72B
-0.38%+10.32%-6.49%+21.04% 6.23B
-3.21%-12.91%+12.83%-19.77% 4.31B
+1.20%-1.35%+59.28%-17.05% 4.06B
-1.70%-0.95%+67.42%-30.53% 3.37B
-1.61%-9.40%+32.95%+139.31% 3.23B
-0.39%+3.45%-36.01%-37.26% 3.23B
Average -1.84%-4.24%+11.64%+5.44% 12.41B
Weighted average by Cap. -3.57%-3.94%-2.96%+13.07%
Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
22
Last Close Price
149.09CNY
Average target price
218.76CNY
Spread / Average Target
+46.73%

Quarterly revenue - Rate of surprise