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NetEase Cloud Music Inc. (HKG:9899)
Hong Kong flag Hong Kong · Delayed Price · Currency is HKD
88.10
-0.70 (-0.79%)
Sep 3, 2026, 4:08 PM HKT

NetEase Cloud Music Financials Overview

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
7,8917,7597,9507,8678,9926,998
Revenue Growth
1.70%-2.40%1.06%-12.51%28.50%42.93%
Gross Profit
2,8522,7702,6822,1031,293142.67
Operating Income
1,5131,6111,138332.22-378.69-1,351
Net Income
1,6722,7481,562734.18-221.49-2,056
Earnings Per Share
7.8812.877.403.47-1.06-15.92
EPS Growth
-38.75%73.92%113.26%---

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
13,13112,17510,2229,5059,1086,622
Total Debt
0.836.26.476.368.410.51
Net Cash (Debt)
13,13012,16910,2169,4999,1006,611
Net Cash Growth
7.90%19.12%7.55%4.38%37.64%-
Net Cash Per Share
61.9056.9948.4044.8443.5451.19

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-1,6181,775189.051,843-908.41
Capital Expenditures
--11.2-3.71-5.55-26.09-39.5
Free Cash Flow
-1,6071,771183.511,817-947.91
Free Cash Flow Growth
--9.26%865.03%-89.90%--

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
36.14%35.69%33.73%26.73%14.38%2.04%
Operating Margin
19.17%20.77%14.32%4.22%-4.21%-19.30%
Pretax Margin
24.47%26.65%19.75%9.76%-2.27%-29.32%
Profit Margin
21.19%35.42%19.64%9.33%-2.46%-29.38%
FCF Margin
-20.71%22.27%2.33%20.20%-13.55%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
9.7613.2314.8723.78--
Forward PE
8.6914.5315.2518.49--
P/FCF Ratio
-22.6313.1195.138.00-
PS Ratio
2.054.692.922.221.623.80