NetEase Cloud Music Inc. (HKG:9899)

NetEase Cloud Music Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	2,407	3,118	3,795	4,020	2,917	853.45
Short-Term Investments	9,444	9,057	6,421	5,485	6,192	5,528
Trading Asset Securities	1,279	-	6.52	-	-	240.77
Cash & Short-Term Investments	13,131	12,175	10,222	9,505	9,108	6,622
Cash Growth	19.01%	19.10%	7.55%	4.36%	37.54%	38.12%
Accounts Receivable	1,469	1,097	1,088	1,022	696.65	802.02
Other Receivables	-	148.28	210.15	98.79	82.47	136.11
Receivables	1,469	1,245	1,298	1,121	779.11	938.13
Prepaid Expenses	572.13	121.75	94.64	86.46	72.67	98.05
Restricted Cash	-	0.41	1.86	21.01	8.32	-
Other Current Assets	328.15	532.18	335.49	590.03	507.11	1,111
Total Current Assets	15,500	14,074	11,952	11,323	10,475	8,769
Property, Plant & Equipment	16.1	25.6	26.25	39.34	53.66	54.55
Long-Term Investments	46.12	1,452	1,472	78.97	79.03	92.91
Long-Term Deferred Tax Assets	691.19	746.7	-	-	-	-
Long-Term Deferred Charges	100.31	102.79	107.17	166.05	283.43	471.46
Other Long-Term Assets	9.18	60.5	24.22	3.03	-	-
Total Assets	16,363	16,461	13,582	11,611	10,891	9,388

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	29.33	94.54	97.72	76.37	53.21	56.52
Accrued Expenses	2,014	1,869	1,892	1,918	2,153	1,112
Current Portion of Leases	0.43	1.97	1.71	3	2.78	2.61
Current Income Taxes Payable	86.71	62.79	0.74	4.13	5.62	-
Current Unearned Revenue	1,407	1,406	1,235	1,001	714.26	604.61
Other Current Liabilities	69.12	51.41	84.3	97.68	81.78	171.56
Total Current Liabilities	3,607	3,486	3,312	3,100	3,010	1,948
Long-Term Leases	0.4	4.23	4.76	3.36	5.62	7.89
Long-Term Unearned Revenue	111.04	101.66	83.89	66.54	55.24	50.56
Total Liabilities	3,719	3,592	3,401	3,170	3,071	2,006

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.13	0.14	0.14	0.14	0.14	0.13
Additional Paid-In Capital	-	17,792	17,552	17,286	17,113	16,900
Retained Earnings	-4,975	-5,779	-8,526	-10,087	-10,820	-10,597
Treasury Stock	-	-455.54	-546.8	-397.53	-	-
Comprehensive Income & Other	17,619	1,312	1,699	1,640	1,527	1,079
Total Common Equity	12,644	12,869	10,178	8,441	7,820	7,382
Minority Interest	-	-	3.86	-	-	-
Shareholders' Equity	12,644	12,869	10,182	8,441	7,820	7,382
Total Liabilities & Equity	16,363	16,461	13,582	11,611	10,891	9,388

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	0.83	6.2	6.47	6.36	8.4	10.51
Net Cash (Debt)	13,130	12,169	10,216	9,499	9,100	6,611
Net Cash Growth	19.07%	19.12%	7.55%	4.38%	37.64%	-
Net Cash Per Share	61.90	56.99	48.40	44.84	43.54	51.19
Filing Date Shares Outstanding	209.1	217.55	216.39	214.29	211.91	207.76
Total Common Shares Outstanding	209.1	217.55	216.39	214.29	211.91	207.76
Working Capital	11,893	10,588	8,640	8,223	7,465	6,821
Book Value Per Share	60.47	59.16	47.03	39.39	36.90	35.53
Tangible Book Value	12,644	12,869	10,178	8,441	7,820	7,382
Tangible Book Value Per Share	60.47	59.16	47.03	39.39	36.90	35.53
Machinery	-	112.1	116.76	131.64	131.46	110.42
Construction In Progress	-	-	-	-	-	2.83
Leasehold Improvements	-	1.94	1.86	5.58	5.52	1.26

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Sep 3, 2026

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