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NetEase, Inc. (NTES)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions of CNY, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   20-F20-F20-F20-F20-F20-F20-F20-F
Net revenues  87,606.073,667.159,241.151,178.644,437.438,178.822,802.911,712.8
            Net revenues growth  18.9%24.4%15.8%15.2%16.4%67.4%94.7%27.4%
Cost of revenues  -40,635.2-34,683.7-27,685.8-23,832.4-19,394.316,515.0  
    Gross profit  46,970.838,983.431,555.327,346.125,043.021,663.813,403.68,451.3
            Gross margin  53.6%52.9%53.3%53.4%56.4%56.7%58.8%72.2%
   
Operating expenses:          
Selling and marketing expenses  12,214.210,703.86,221.16,911.75,504.64,481.82,958.21,895.0
General and administrative expenses  4,263.53,371.83,130.33,078.62,381.81,506.21,014.4467.7
Research and development expenses  14,076.010,369.48,413.27,378.54,161.73,047.02,158.91,323.5
Total operating expenses  30,553.724,445.017,764.617,368.812,048.19,034.96,131.5-3,686.2
    Operating profit  16,417.114,538.413,790.79,977.312,994.912,628.97,272.14,765.1
            Operating margin  18.7%19.7%23.3%19.5%29.2%33.1%31.9%40.7%
   
Other income/(expenses):          
Investment income, net  2,947.71,610.01,306.322.4362.1200.362.327.4
Interest income, net  2,947.71,610.01,306.322.4362.1200.362.327.4
Exchange gains/(losses), net  -490.5-3,112.225.2-51.8-455.9146.5133.8-18.0
Other, net  710.4737.2439.4586.9271.9377.745.182.4
    Income before tax  21,104.515,372.116,383.311,076.713,839.613,895.48,110.35,458.4
Income tax  -4,128.3-3,041.8-2,914.7-2,460.7-2,156.0-2,102.5-1,273.4-662.7
    Net income from continuing operations  16,976.212,330.213,468.68,616.111,683.6   
Net income from discontinued operations    7,962.5-2,138.7-834.5   
    Net income  16,976.212,330.221,431.115,093.522,532.711,792.96,836.94,795.7
Accretion and deemed dividends in connection with repurchase of redeemable noncontrolling interests  -537.0-787.0-271.5-248.1    
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests  417.6519.577.9-76.9-141.2-188.3 -39.1
    Net income attributable to NetEase, Inc.'s shareholders  16,856.812,062.821,237.56,152.410,707.911,604.56,735.14,834.8
   
Including:          
Net income from continuing operations attributable to NetEase, Inc.'s shareholders  16,856.812,062.813,275.08,291.111,542.4   
Net income from discontinued operations attributable to NetEase, Inc.'s shareholders    7,962.5     
Net income  16,976.212,330.221,431.115,093.522,532.711,792.96,836.94,795.7
   
Other comprehensive income          
   
    Total comprehensive income          
Comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interests          
    Comprehensive income attributable to NetEase, Inc.'s shareholders  17,216.212,270.821,421.06,419.110,683.011,638.56,762.6 
   
    Net income per share, basic (in CNY and dollars per share)  $5.07$3.65$6.59$1.90$3.25$3.54$2.05$1.46
-Continuing operations (in CNY and dollars per share)  0.00.00.00.00.0   
-Discontinued operations (in CNY and dollars per share)    0.00.00.0   
    Net income per ADS, basic (in CNY and dollars per share)  0.00.00.0     
-Continuing operations (in CNY and dollars per share)  0.00.00.00.00.0   
-Discontinued operations (in CNY and dollars per share)    0.00.00.0   
    Net income per share, diluted (in CNY and dollars per share)  $5.01$3.60$6.53$1.89$3.23$3.51$2.04$1.45
-Continuing operations (in CNY and dollars per share)  0.00.00.00.00.0   
-Discontinued operations (in CNY and dollars per share)    0.00.00.0   
    Net income per ADS, diluted (in CNY and dollars per share)  0.00.00.0     
-Continuing operations (in CNY and dollars per share)  0.00.00.00.00.0   
-Discontinued operations (in CNY and dollars per share)    0.00.00.0   
   
Weighted average number of ordinary shares outstanding, basic (in shares)  3,325.93,305.43,220.53,235.33,290.33,281.73,284.43,264.5
Weighted average number of ADS outstanding, basic (in shares)  665.2661.1644.1129.4131.6131.3131.4 
Weighted average number of ordinary shares outstanding, diluted (in shares)  3,367.53,349.83,250.03,254.73,315.53,307.13,305.23,277.0
Weighted average number of ADS outstanding, diluted (in shares)  673.5670.0650.0130.2132.6132.3132.2 

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