NetEase Cloud Music Ratios and Metrics

Market cap in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2018 - 2019
Period Ending	Dec '25 Dec 23, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2018 - 2019
Market Capitalization	40,790	24,712	19,232	16,423	32,618	-	Upgrade
Market Cap Growth	47.77%	28.49%	17.11%	-49.65%	-	-	Upgrade
Enterprise Value	28,707	15,276	9,656	7,377	44,716	-	Upgrade
Last Close Price	187.50	114.20	89.75	77.50	157.00	-	Upgrade
PE Ratio	13.76	14.87	23.78	-	-	-	Upgrade
Forward PE	13.85	15.25	18.49	-	-	-	Upgrade
PS Ratio	4.83	2.92	2.22	1.62	3.80	-	Upgrade
PB Ratio	3.07	2.28	2.07	1.86	3.60	-	Upgrade
P/TBV Ratio	3.07	2.28	2.07	1.86	3.60	-	Upgrade
P/FCF Ratio	21.73	13.11	95.13	8.00	-	-	Upgrade
P/OCF Ratio	21.64	13.09	92.34	7.88	-	-	Upgrade
EV/Sales Ratio	3.40	1.81	1.11	0.73	5.21	-	Upgrade
EV/EBITDA Ratio	18.82	12.45	25.14	-	-	-	Upgrade
EV/EBIT Ratio	19.02	12.61	26.38	-	-	-	Upgrade
EV/FCF Ratio	15.29	8.11	47.76	3.59	-	-	Upgrade
Debt / Equity Ratio	0	0.00	0.00	0.00	0.00	-2.10	Upgrade
Debt / EBITDA Ratio	0.00	0.01	0.02	-	-	-	Upgrade
Debt / FCF Ratio	0.00	0.00	0.04	0.01	-	-	Upgrade
Asset Turnover	0.56	0.63	0.70	0.89	0.80	0.57	Upgrade
Quick Ratio	3.97	3.48	3.43	3.28	3.88	2.50	Upgrade
Current Ratio	4.18	3.61	3.65	3.48	4.50	3.16	Upgrade
Return on Equity (ROE)	24.62%	16.81%	9.03%	-2.91%	-198.19%	-	Upgrade
Return on Assets (ROA)	6.23%	5.65%	1.85%	-2.33%	-9.68%	-11.15%	Upgrade
Return on Capital (ROIC)	8.06%	7.63%	2.55%	-3.11%	-12.74%	-13.94%	Upgrade
Return on Capital Employed (ROCE)	11.30%	11.10%	3.90%	-4.80%	-18.20%	-25.90%	Upgrade
Earnings Yield	7.08%	6.72%	4.21%	-1.52%	-7.74%	-	Upgrade
FCF Yield	4.60%	7.63%	1.05%	12.51%	-3.57%	-	Upgrade
Buyback Yield / Dilution	-0.68%	0.36%	-1.36%	-61.80%	-5.98%	-1.03%	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.