NetEase Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	47,168	51,383	21,429	24,889	14,498
Short-Term Investments	115,443	86,197	105,292	92,580	92,036
Cash & Short-Term Investments	162,611	137,581	126,721	117,469	106,535
Cash Growth	18.19%	8.57%	7.88%	10.26%	318.74%
Accounts Receivable	5,338	5,669	6,422	5,003	5,508
Inventory	689.18	571.55	695.37	993.64	964.73
Other Current Assets	11,978	9,503	8,854	8,137	9,661
Total Current Assets	180,615	153,325	142,693	131,603	113,120
Net Property, Plant & Equipment	8,425	9,061	8,824	7,230	6,479
Other Intangible Assets	4,047	4,172	4,075	4,122	4,108
Long-Term Investments	-	20,206	21,783	18,544	18,805
Other Long-Term Assets	28,327	9,227	8,550	11,261	11,123
Total Assets	221,415	195,992	185,925	172,761	153,644
Accounts Payable	643.16	720.55	881.02	1,507	985.06
Accrued Expenses	20,953	18,912	17,528	15,855	13,160
Short-Term Debt	6,384	11,805	19,240	23,876	19,352
Current Portion of Leases	-	171.61	259.49	259.06	334.4
Unearned Revenue	20,515	15,299	13,362	12,519	12,133
Other Current Liabilities	3,874	2,759	2,572	2,813	4,537
Total Current Liabilities	52,369	49,668	53,842	56,829	50,501
Long-Term Debt	-	428	428	3,655	1,275
Long-Term Leases	-	412.6	555.83	672.64	732.13
Other Long-Term Liabilities	3,942	2,989	3,015	2,731	1,711
Total Long-Term Liabilities	3,942	3,830	3,998	7,059	3,719
Total Liabilities	56,311	53,497	57,841	63,888	54,220
Common Stock	-	2.63	2.71	2.71	2.79
Treasury Stock	-	-4,473	-12,694	-10,911	-20,502
Additional Paid-in Capital	-	9,861	22,605	22,854	37,916
Accumulated Other Comprehensive Income	-	1,007	616.78	431.79	-828.07
Retained Earnings	-	132,288	113,756	92,353	78,740
Total Common Shareholders' Equity	160,296	138,686	124,286	104,731	95,328
Minority Interest	4,717	3,724	3,683	4,006	3,951
Shareholders' Equity	165,013	142,410	127,968	108,737	99,279
Total Liabilities & Equity	221,324	195,907	185,809	172,625	153,499
Total Debt	6,384	12,817	20,483	28,462	21,694
Net Cash (Debt)	156,226	124,764	106,238	89,007	84,841
Net Cash Growth	25.22%	17.44%	19.36%	4.91%	1553.43%
Net Cash Per Share	242.72	193.10	161.46	135.51	-
Book Value	160,296	138,686	124,286	104,731	95,328
Book Value Per Share	249.05	214.64	188.88	159.45	-
Tangible Book Value	156,249	134,513	120,211	100,610	91,220
Tangible Book Value Per Share	242.76	208.19	182.69	153.18	-

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.