NetEase Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Sep '24 Sep 29, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 30, 2022	Dec '21 Dec 30, 2021	Dec '20 Dec 30, 2020	Dec '19 Dec 30, 2019	2018 - 2014
Revenue	105,688	103,468	96,496	87,606	73,667	59,241	Upgrade
Revenue Growth (YoY)	3.94%	7.23%	10.15%	18.92%	24.35%	15.75%	Upgrade
Cost of Revenue	39,328	40,405	43,730	40,635	34,684	27,686	Upgrade
Gross Profit	66,360	63,063	52,766	46,971	38,983	31,555	Upgrade
Selling, General & Admin	20,195	18,869	18,099	16,478	14,076	9,351	Upgrade
Research & Development	17,534	16,485	15,039	14,076	10,369	8,413	Upgrade
Operating Expenses	37,729	35,354	33,138	30,554	24,445	17,765	Upgrade
Operating Income	28,631	27,709	19,629	16,417	14,538	13,791	Upgrade
Interest Expense	-884.1	-884.1	-650.2	-	-	-	Upgrade
Interest & Investment Income	6,745	6,311	2,854	4,467	3,209	2,128	Upgrade
Currency Exchange Gain (Loss)	-2,091	-133	1,571	-490.48	-3,112	25.17	Upgrade
Other Non Operating Income (Expenses)	757.94	1,054	846.82	710.44	737.17	439.42	Upgrade
EBT Excluding Unusual Items	33,159	34,057	24,250	21,104	15,372	16,383	Upgrade
Pretax Income	33,159	34,057	24,250	21,104	15,372	16,383	Upgrade
Income Tax Expense	5,145	4,700	5,032	4,128	3,042	2,915	Upgrade
Earnings From Continuing Operations	28,014	29,357	19,218	16,976	12,330	13,469	Upgrade
Earnings From Discontinued Operations	-	-	624.86	-	-	7,963	Upgrade
Net Income to Company	28,014	29,357	19,843	16,976	12,330	21,431	Upgrade
Minority Interest in Earnings	-500.33	59.33	494.31	-119.35	-267.48	-193.61	Upgrade
Net Income	27,513	29,417	20,338	16,857	12,063	21,238	Upgrade
Net Income to Common	27,513	29,417	20,338	16,857	12,063	21,238	Upgrade
Net Income Growth	2.71%	44.64%	20.65%	39.74%	-43.20%	245.19%	Upgrade
Shares Outstanding (Basic)	3,210	3,216	3,263	3,326	3,305	3,220	Upgrade
Shares Outstanding (Diluted)	3,242	3,252	3,296	3,367	3,350	3,250	Upgrade
Shares Change (YoY)	-0.42%	-1.33%	-2.12%	0.53%	3.07%	-0.14%	Upgrade
EPS (Basic)	8.57	9.15	6.23	5.07	3.65	6.59	Upgrade
EPS (Diluted)	8.49	9.05	6.17	5.01	3.60	6.53	Upgrade
EPS Growth	3.25%	46.69%	23.15%	39.17%	-44.87%	244.98%	Upgrade
Free Cash Flow	37,025	33,030	25,609	23,325	23,833	16,007	Upgrade
Free Cash Flow Per Share	11.42	10.16	7.77	6.93	7.11	4.93	Upgrade
Dividend Per Share	3.385	3.637	1.913	1.487	1.024	1.919	Upgrade
Dividend Growth	35.90%	90.11%	28.71%	45.21%	-46.65%	294.09%	Upgrade
Gross Margin	62.79%	60.95%	54.68%	53.62%	52.92%	53.27%	Upgrade
Operating Margin	27.09%	26.78%	20.34%	18.74%	19.74%	23.28%	Upgrade
Profit Margin	26.03%	28.43%	21.08%	19.24%	16.37%	35.85%	Upgrade
Free Cash Flow Margin	35.03%	31.92%	26.54%	26.62%	32.35%	27.02%	Upgrade
EBITDA	31,011	30,764	22,487	19,693	17,996	16,404	Upgrade
EBITDA Margin	29.34%	29.73%	23.30%	22.48%	24.43%	27.69%	Upgrade
D&A For EBITDA	2,380	3,055	2,858	3,276	3,458	2,614	Upgrade
EBIT	28,631	27,709	19,629	16,417	14,538	13,791	Upgrade
EBIT Margin	27.09%	26.78%	20.34%	18.74%	19.74%	23.28%	Upgrade
Effective Tax Rate	15.52%	13.80%	20.75%	19.56%	19.79%	17.79%	Upgrade
Advertising Expenses	-	-	-	-	3,782	1,679	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.