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	86,198	105,292	92,570	83,036
Cash & Short-Term Investments	162,611	137,581	126,721	117,459	97,535
Cash Growth	18.19%	8.57%	7.89%	20.43%	4.35%
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	8,147	9,113
Total Current Assets	180,615	153,325	142,693	131,603	113,120
Net Property, Plant & Equipment	8,746	9,061	8,824	7,230	6,478
Other Intangible Assets	4,047	4,172	4,075	4,122	4,108
Long-Term Investments	21,458	23,231	22,833	21,518	24,629
Other Long-Term Assets	6,549	6,202	7,500	8,288	5,309
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	24,714	21,671	20,100	18,668	17,697
Short-Term Debt	6,384	11,805	19,240	23,876	19,352
Current Portion of Leases	113.21	171.61	259.49	259.05	334.4
Unearned Revenue	20,515	15,299	13,362	12,519	12,133
Total Current Liabilities	52,369	49,668	53,843	56,829	50,501
Long-Term Debt	-	428	428	3,655	1,275
Long-Term Leases	232.11	412.6	555.83	672.64	732.13
Other Long-Term Liabilities	3,710	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	2.63	2.71	2.71	2.79
Treasury Stock	-1,519	-4,473	-12,694	-10,911	-20,502
Additional Paid-in Capital	9,837	9,861	22,605	22,854	37,916
Accumulated Other Comprehensive Income	-237.77	1,007	616.78	431.79	-828.07
Retained Earnings	152,212	132,288	113,756	92,353	78,740
Total Common Shareholders' Equity	160,296	138,686	124,286	104,731	95,328
Minority Interest	4,808	3,809	3,798	4,142	4,096
Shareholders' Equity	165,104	142,494	128,084	108,873	99,424
Total Liabilities & Equity	221,415	195,992	185,925	172,761	153,644
Total Debt	6,730	12,817	20,484	28,462	21,694
Net Cash (Debt)	155,881	124,764	106,238	88,997	75,841
Net Cash Growth	24.94%	17.44%	19.37%	17.35%	3.67%
Net Cash Per Share	242.19	193.10	163.34	135.01	112.61
Book Value	160,296	138,686	124,286	104,731	95,328
Book Value Per Share	249.05	214.64	191.09	158.88	141.54
Tangible Book Value	156,249	134,513	120,211	100,610	91,220
Tangible Book Value Per Share	242.76	208.19	184.82	152.62	135.44

Updated Feb 14, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q