Income Statement

Revenue

+17%

+61%

10Y

Currency: CNY

	Dec-2001	Mar-2002	Jun-2002	Sep-2002	Dec-2002	Mar-2003	Jun-2003	Sep-2003	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025
Revenue
Interest Expense	10	8	6	4	1	0	0	0	0	1	2	3	4	3	0	0	47	0	0	0	25	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	12	0	0	0	20	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	316	0	0	0	419	0	0	0	248	0	0	0	191	0	0	0	650	0	0	0	884	0	0	0	598	0	0	0
Revenue	26 N/A	44 +71%	76 +71%	140 +84%	221 +58%	310 +40%	403 +30%	471 +17%	542 +15%	627 +16%	704 +12%	804 +14%	904 +12%	1 016 +12%	1 202 +18%	1 407 +17%	1 612 +15%	1 813 +12%	1 973 +9%	2 078 +5%	2 164 +4%	2 189 +1%	2 172 -1%	2 171 0%	2 213 +2%	2 324 +5%	2 641 +14%	2 890 +9%	3 085 +7%	3 216 +4%	3 226 +0%	3 298 +2%	3 757 +14%	4 146 +10%	4 591 +11%	5 124 +12%	5 508 +7%	5 843 +6%	6 268 +7%	6 825 +9%	7 291 +7%	7 756 +6%	7 985 +3%	8 029 +1%	8 201 +2%	8 388 +2%	8 690 +4%	9 045 +4%	9 196 +2%	9 409 +2%	9 912 +5%	10 672 +8%	11 713 +10%	13 008 +11%	14 808 +14%	18 363 +24%	21 687 +18%	25 942 +20%	30 327 +17%	32 867 +8%	33 994 +3%	39 720 +17%	44 143 +11%	47 409 +7%	44 437 -6%	44 970 +1%	47 878 +6%	48 560 +1%	51 179 +5%	51 428 +0%	49 592 -4%	51 068 +3%	59 241 +16%	61 881 +4%	65 618 +6%	69 640 +6%	73 667 +6%	77 122 +5%	79 462 +3%	82 994 +4%	87 606 +6%	90 645 +3%	93 279 +3%	95 515 +2%	96 496 +1%	97 986 +2%	98 838 +1%	101 682 +3%	103 468 +2%	105 274 +2%	106 748 +1%	105 688 -1%	105 295 0%	107 272 +2%	109 678 +2%	111 827 +2%
Gross Profit
Cost of Revenue	(60)	(62)	(60)	(65)	(72)	(77)	(84)	(81)	(85)	(104)	(124)	(155)	(184)	(201)	(224)	(248)	(275)	(308)	(337)	(365)	(381)	(396)	(399)	(405)	(428)	(425)	(457)	(516)	(579)	(581)	(622)	(713)	(972)	(1 230)	(1 497)	(1 690)	(1 799)	(1 922)	(2 064)	(2 247)	(2 372)	(2 492)	(2 552)	(2 562)	(2 578)	(2 550)	(2 476)	(2 446)	(2 479)	(2 530)	(2 731)	(2 979)	(3 262)	(3 775)	(4 729)	(6 694)	(8 349)	(10 506)	(12 456)	(13 512)	(12 834)	(15 662)	(18 629)	(21 281)	(19 394)	(21 457)	(23 856)	(23 262)	(23 832)	(22 298)	(19 970)	(20 800)	(27 686)	(28 686)	(30 367)	(32 374)	(34 684)	(36 464)	(37 406)	(39 013)	(40 635)	(41 890)	(42 773)	(43 076)	(43 730)	(43 160)	(42 578)	(42 200)	(40 405)	(40 091)	(39 899)	(39 328)	(39 488)	(40 001)	(40 397)	(40 845)
Gross Profit	(34) N/A	(18) +48%	16 N/A	75 +361%	149 +98%	234 +57%	319 +37%	390 +22%	457 +17%	523 +14%	580 +11%	649 +12%	720 +11%	815 +13%	977 +20%	1 158 +19%	1 337 +15%	1 505 +13%	1 635 +9%	1 713 +5%	1 783 +4%	1 792 +1%	1 773 -1%	1 767 0%	1 785 +1%	1 900 +6%	2 185 +15%	2 374 +9%	2 506 +6%	2 635 +5%	2 604 -1%	2 585 -1%	2 785 +8%	2 915 +5%	3 094 +6%	3 434 +11%	3 709 +8%	3 921 +6%	4 203 +7%	4 579 +9%	4 918 +7%	5 265 +7%	5 433 +3%	5 468 +1%	5 623 +3%	5 838 +4%	6 214 +6%	6 599 +6%	6 718 +2%	6 879 +2%	7 181 +4%	7 693 +7%	8 451 +10%	9 233 +9%	10 079 +9%	11 669 +16%	13 339 +14%	15 436 +16%	17 871 +16%	19 355 +8%	21 160 +9%	24 057 +14%	25 514 +6%	26 128 +2%	25 043 -4%	23 513 -6%	24 021 +2%	25 298 +5%	27 346 +8%	29 130 +7%	29 622 +2%	30 268 +2%	31 555 +4%	33 195 +5%	35 251 +6%	37 266 +6%	38 983 +5%	40 658 +4%	42 056 +3%	43 981 +5%	46 971 +7%	48 755 +4%	50 506 +4%	52 440 +4%	52 766 +1%	54 826 +4%	56 260 +3%	59 483 +6%	63 063 +6%	65 183 +3%	66 850 +3%	66 360 -1%	65 807 -1%	67 271 +2%	69 281 +3%	70 982 +2%
Operating Income
Operating Expenses	(195)	(170)	(135)	(111)	(108)	(110)	(113)	(123)	(130)	(152)	(186)	(250)	(289)	(312)	(329)	(342)	(361)	(383)	(437)	(474)	(503)	(507)	(516)	(563)	(580)	(602)	(609)	(595)	(591)	(633)	(659)	(698)	(762)	(828)	(914)	(1 075)	(1 164)	(1 239)	(1 344)	(1 387)	(1 595)	(1 659)	(1 731)	(1 860)	(1 911)	(2 011)	(2 199)	(2 297)	(2 365)	(2 473)	(2 671)	(3 095)	(3 686)	(4 296)	(4 868)	(5 569)	(5 869)	(6 415)	(7 252)	(7 978)	(8 188)	(9 180)	(10 279)	(11 190)	(12 048)	(14 083)	(15 663)	(16 954)	(17 369)	(16 605)	(15 706)	(15 553)	(17 764)	(18 673)	(20 283)	(22 763)	(24 444)	(26 331)	(28 140)	(29 160)	(30 554)	(31 106)	(31 670)	(32 636)	(33 137)	(33 485)	(33 802)	(34 209)	(35 354)	(37 071)	(37 807)	(37 729)	(36 223)	(34 868)	(34 810)	(35 645)
Selling, General & Administrative	(184)	(158)	(122)	(98)	(95)	(96)	(99)	(107)	(111)	(130)	(160)	(219)	(254)	(268)	(278)	(267)	(270)	(295)	(318)	(333)	(350)	(346)	(355)	(394)	(384)	(415)	(414)	(394)	(370)	(422)	(445)	(466)	(517)	(564)	(629)	(776)	(847)	(893)	(971)	(978)	(1 129)	(1 137)	(1 139)	(1 188)	(1 193)	(1 245)	(1 382)	(1 424)	(1 443)	(1 511)	(1 640)	(1 925)	(2 363)	(2 764)	(3 131)	(3 606)	(3 748)	(4 122)	(4 730)	(5 259)	(5 267)	(5 959)	(6 732)	(7 311)	(7 886)	(9 387)	(10 101)	(10 398)	(9 990)	(8 648)	(7 720)	(7 552)	(9 351)	(10 155)	(11 302)	(13 156)	(14 076)	(15 044)	(15 855)	(15 902)	(16 478)	(16 692)	(17 081)	(17 840)	(18 099)	(18 094)	(18 084)	(18 113)	(18 869)	(20 161)	(20 351)	(20 195)	(18 698)	(17 132)	(17 173)	(17 890)
Research & Development	(11)	(12)	(13)	(13)	(14)	(14)	(15)	(16)	(19)	(22)	(26)	(31)	(34)	(61)	(67)	(76)	(90)	(88)	(119)	(141)	(153)	(162)	(160)	(169)	(196)	(188)	(195)	(200)	(222)	(212)	(213)	(233)	(244)	(264)	(286)	(299)	(318)	(346)	(373)	(409)	(465)	(522)	(591)	(671)	(718)	(766)	(817)	(873)	(922)	(962)	(1 031)	(1 170)	(1 323)	(1 532)	(1 737)	(1 964)	(2 122)	(2 293)	(2 523)	(2 720)	(2 920)	(3 222)	(3 547)	(3 880)	(4 162)	(4 696)	(5 562)	(6 556)	(7 378)	(7 957)	(7 986)	(8 001)	(8 413)	(8 518)	(8 981)	(9 607)	(10 369)	(11 287)	(12 285)	(13 258)	(14 076)	(14 414)	(14 589)	(14 797)	(15 039)	(15 391)	(15 718)	(16 096)	(16 485)	(16 910)	(17 457)	(17 534)	(17 525)	(17 736)	(17 637)	(17 755)
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	17	17	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	(229) N/A	(187) +18%	(119) +36%	(36) +70%	41 N/A	123 +201%	206 +67%	267 +30%	327 +22%	371 +13%	394 +6%	399 +1%	431 +8%	502 +17%	648 +29%	816 +26%	977 +20%	1 122 +15%	1 198 +7%	1 238 +3%	1 280 +3%	1 285 +0%	1 257 -2%	1 203 -4%	1 206 +0%	1 298 +8%	1 576 +21%	1 779 +13%	1 915 +8%	2 001 +5%	1 945 -3%	1 887 -3%	2 023 +7%	2 087 +3%	2 180 +4%	2 359 +8%	2 544 +8%	2 682 +5%	2 860 +7%	3 192 +12%	3 323 +4%	3 606 +9%	3 703 +3%	3 608 -3%	3 712 +3%	3 827 +3%	4 014 +5%	4 302 +7%	4 353 +1%	4 406 +1%	4 511 +2%	4 598 +2%	4 765 +4%	4 937 +4%	5 211 +6%	6 100 +17%	7 469 +22%	9 021 +21%	10 619 +18%	11 377 +7%	12 973 +14%	14 877 +15%	15 234 +2%	14 937 -2%	12 995 -13%	9 430 -27%	8 358 -11%	8 344 0%	9 977 +20%	12 525 +26%	13 916 +11%	14 716 +6%	13 791 -6%	14 522 +5%	14 968 +3%	14 503 -3%	14 539 +0%	14 328 -1%	13 916 -3%	14 821 +7%	16 417 +11%	17 649 +8%	18 837 +7%	19 803 +5%	19 629 -1%	21 342 +9%	22 458 +5%	25 274 +13%	27 709 +10%	28 112 +1%	29 042 +3%	28 631 -1%	29 584 +3%	32 403 +10%	34 470 +6%	35 337 +3%
Pre-Tax Income
Interest Income Expense	8	3	3	4	10	7	7	9	17	14	17	19	22	28	37	46	4	72	83	92	70	95	90	83	62	70	82	105	(21)	151	200	167	138	94	(21)	61	52	137	229	146	193	234	261	402	467	470	529	519	516	567	562	590	591	644	644	709	792	739	566	611	898	902	1 074	970	573	299	414	425	197	930	962	1 478	1 734	2 344	3 187	2 643	(96)	981	540	622	3 996	2 425	2 405	5 468	3 830	4 824	6 848	4 850	5 020	5 905	4 268	3 770	4 232	5 815	6 161	7 297
Non-Reccuring Items	(12)	(10)	(10)	(40)	(37)	(37)	(36)	0	0	0	0	17	17	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(56)	0	0	0	(19)	0	0	0	(56)	0	0	0	274	0	0	0	1 300	0	0	0
Total Other Income	0	0	3	4	0	9	6	6	0	(0)	0	0	0	0	(0)	(6)	0	(11)	(11)	(3)	0	2	3	0	(1)	(52)	(78)	(146)	4	(161)	(148)	(36)	(11)	35	36	(18)	(20)	(15)	5	43	99	98	133	110	100	99	61	57	107	96	100	100	102	92	86	94	46	58	93	182	367	381	502	448	272	244	187	353	903	615	593	597	859	469	812	707	985	818	545	553	710	779	752	799	847	889	888	964	1 054	989	954	758	602	664	770	880
Pre-Tax Income	(233) N/A	(194) +17%	(123) +37%	(68) +44%	14 N/A	103 +632%	182 +78%	282 +55%	344 +22%	385 +12%	411 +7%	435 +6%	470 +8%	531 +13%	685 +29%	855 +25%	980 +15%	1 182 +21%	1 269 +7%	1 327 +5%	1 350 +2%	1 382 +2%	1 350 -2%	1 287 -5%	1 267 -2%	1 316 +4%	1 579 +20%	1 738 +10%	1 897 +9%	1 992 +5%	1 997 +0%	2 017 +1%	2 151 +7%	2 216 +3%	2 194 -1%	2 402 +9%	2 576 +7%	2 805 +9%	3 093 +10%	3 381 +9%	3 616 +7%	3 939 +9%	4 096 +4%	4 120 +1%	4 278 +4%	4 395 +3%	4 604 +5%	4 877 +6%	4 976 +2%	5 070 +2%	5 172 +2%	5 289 +2%	5 458 +3%	5 673 +4%	5 941 +5%	6 903 +16%	8 306 +20%	9 819 +18%	11 278 +15%	12 170 +8%	14 238 +17%	16 160 +13%	16 811 +4%	16 355 -3%	13 840 -15%	9 973 -28%	8 959 -10%	9 122 +2%	11 077 +21%	14 070 +27%	15 471 +10%	16 790 +9%	16 383 -2%	17 335 +6%	18 967 +9%	17 853 -6%	15 372 -14%	16 126 +5%	15 000 -7%	15 995 +7%	21 104 +32%	20 852 -1%	21 994 +5%	26 071 +19%	24 250 -7%	27 054 +12%	30 195 +12%	31 088 +3%	34 057 +10%	35 006 +3%	34 264 -2%	33 159 -3%	35 718 +8%	38 881 +9%	41 401 +6%	43 514 +5%
Net Income
Tax Provision	0	0	0	0	2	0	(4)	(10)	(21)	(27)	(30)	(30)	(29)	(39)	(49)	(70)	(95)	(110)	(126)	(128)	(132)	(132)	(101)	(93)	(3)	(84)	(222)	(328)	(301)	(248)	(223)	(163)	(314)	(347)	(307)	(332)	(344)	(287)	(304)	(353)	(393)	(519)	(576)	(630)	(692)	(671)	(654)	(665)	(531)	(567)	(533)	(524)	(663)	(698)	(746)	(948)	(1 261)	(1 577)	(1 694)	(1 722)	(2 102)	(2 515)	(2 955)	(2 754)	(2 156)	(1 496)	(1 213)	(1 830)	(2 461)	(3 445)	(3 708)	(2 953)	(2 915)	(2 730)	(3 111)	(3 366)	(3 042)	(3 233)	(3 282)	(3 747)	(4 128)	(4 074)	(4 220)	(4 999)	(5 032)	(5 441)	(4 894)	(4 598)	(4 700)	(4 557)	(5 146)	(5 145)	(5 461)	(5 881)	(6 140)	(6 167)
Income from Continuing Operations	(233)	(194)	(123)	(68)	16	103	179	272	323	358	380	405	441	491	636	785	885	1 072	1 143	1 199	1 217	1 250	1 249	1 194	1 264	1 232	1 357	1 411	1 597	1 744	1 774	1 854	1 837	1 869	1 887	2 070	2 232	2 517	2 789	3 027	3 223	3 420	3 521	3 490	3 587	3 724	3 951	4 212	4 445	4 502	4 639	4 765	4 796	4 975	5 195	5 956	7 045	8 242	9 584	10 448	12 135	13 645	13 855	13 601	11 684	8 477	7 746	7 292	8 616	10 625	11 763	13 838	13 469	14 605	15 856	14 487	12 330	12 893	11 718	12 248	16 976	16 778	17 774	21 071	19 218	21 613	25 301	26 491	29 357	30 449	29 118	28 014	30 256	33 001	35 261	37 347
Income to Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	14	17	16	25	4	3	18	21	11	18	21	38	51	35	28	3	(1)	2	(27)	(42)	(39)	(78)	(76)	(114)	(102)	(102)	(148)	(154)	(188)	(236)	(195)	(153)	(141)	(106)	(240)	(250)	(325)	(353)	(243)	(246)	(194)	(512)	(579)	(347)	(267)	58	237	(110)	(119)	33	163	383	494	460	349	296	59	(153)	(306)	(500)	(559)	(636)	(1 054)	(1 062)
Net Income (Common)	(233) N/A	(194) +17%	(123) +37%	(68) +44%	16 N/A	103 +544%	179 +74%	272 +52%	323 +19%	358 +11%	380 +6%	405 +7%	441 +9%	491 +11%	636 +29%	785 +24%	885 +13%	1 072 +21%	1 143 +7%	1 199 +5%	1 218 +2%	1 251 +3%	1 249 0%	1 194 -4%	1 264 +6%	1 232 -3%	1 358 +10%	1 411 +4%	1 597 +13%	1 744 +9%	1 774 +2%	1 855 +5%	1 850 0%	1 886 +2%	1 904 +1%	2 095 +10%	2 236 +7%	2 521 +13%	2 808 +11%	3 048 +9%	3 234 +6%	3 439 +6%	3 541 +3%	3 528 0%	3 637 +3%	3 759 +3%	3 979 +6%	4 215 +6%	4 444 +5%	4 504 +1%	4 612 +2%	4 722 +2%	4 757 +1%	4 897 +3%	5 119 +5%	5 842 +14%	6 735 +15%	7 931 +18%	9 228 +16%	10 086 +9%	11 605 +15%	13 066 +13%	13 318 +2%	13 105 -2%	10 708 -18%	7 537 -30%	6 671 -11%	5 740 -14%	6 152 +7%	7 783 +27%	8 747 +12%	19 881 +127%	21 238 +7%	22 406 +6%	23 873 +7%	14 141 -41%	12 063 -15%	12 951 +7%	11 955 -8%	12 138 +2%	16 857 +39%	16 812 0%	18 561 +10%	22 079 +19%	20 338 -8%	22 698 +12%	25 650 +13%	26 787 +4%	29 417 +10%	30 296 +3%	28 812 -5%	27 513 -5%	29 698 +8%	32 365 +9%	34 207 +6%	36 284 +6%
EPS (Diluted)	-0.08 N/A	-0.06 +25%	-0.04 +33%	-0.02 +50%	0.01 N/A	0.03 +200%	0.05 +67%	0.07 +40%	0.1 +43%	0.1 N/A	0.11 +10%	0.12 +9%	0.13 +8%	0.14 +8%	0.18 +29%	0.22 +22%	0.25 +14%	0.3 +20%	0.32 +7%	0.34 +6%	0.35 +3%	0.36 +3%	0.36 N/A	0.35 -3%	0.38 +9%	0.37 -3%	0.42 +14%	0.44 +5%	0.49 +11%	0.55 +12%	0.55 N/A	0.57 +4%	0.57 N/A	0.58 +2%	0.59 +2%	0.65 +10%	0.69 +6%	0.78 +13%	0.87 +12%	0.94 +8%	0.99 +5%	1.05 +6%	1.08 +3%	1.08 N/A	1.11 +3%	1.16 +5%	1.23 +6%	1.3 +6%	1.36 +5%	1.38 +1%	1.41 +2%	1.44 +2%	1.45 +1%	1.49 +3%	1.55 +4%	1.77 +14%	2.03 +15%	2.39 +18%	2.79 +17%	3.05 +9%	3.5 +15%	3.93 +12%	4.01 +2%	3.95 -1%	3.23 -18%	2.27 -30%	2.04 -10%	1.77 -13%	1.89 +7%	2.4 +27%	2.69 +12%	6.1 +127%	6.53 +7%	6.84 +5%	7.27 +6%	4.12 -43%	3.6 -13%	3.8 +6%	3.52 -7%	3.6 +2%	5.01 +39%	5.08 +1%	5.61 +10%	6.7 +19%	6.17 -8%	6.97 +13%	7.89 +13%	8.23 +4%	9.05 +10%	9.32 +3%	8.88 -5%	8.53 -4%	9.19 +8%	10.09 +10%	10.65 +6%	11.25 +6%

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NetEase Inc
NASDAQ:NTES

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NetEase Inc

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NetEase Inc NASDAQ:NTES

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Income Statement NetEase Inc

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NetEase Inc
NASDAQ:NTES

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NetEase Inc

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NetEase Inc