Overview Financials News + Filings Key Docs Charts Holdings Ownership
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In millions of CNY, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F |
Net revenues | 87,606.0 | 73,667.1 | 59,241.1 | 51,178.6 | 44,437.4 | 38,178.8 | 22,802.9 | 11,712.8 |
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 | -19,394.3 | 16,515.0 | | |
Gross profit | 46,970.8 | 38,983.4 | 31,555.3 | 27,346.1 | 25,043.0 | 21,663.8 | 13,403.6 | 8,451.3 |
Gross margin | 53.6% | 52.9% | 53.3% | 53.4% | 56.4% | 56.7% | 58.8% | 72.2% |
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Operating expenses: | | | | | | | | |
Selling and marketing expenses | 12,214.2 | 10,703.8 | 6,221.1 | 6,911.7 | 5,504.6 | 4,481.8 | 2,958.2 | 1,895.0 |
General and administrative expenses | 4,263.5 | 3,371.8 | 3,130.3 | 3,078.6 | 2,381.8 | 1,506.2 | 1,014.4 | 467.7 |
Research and development expenses | 14,076.0 | 10,369.4 | 8,413.2 | 7,378.5 | 4,161.7 | 3,047.0 | 2,158.9 | 1,323.5 |
Total operating expenses | 30,553.7 | 24,445.0 | 17,764.6 | 17,368.8 | 12,048.1 | 9,034.9 | 6,131.5 | -3,686.2 |
Operating profit | 16,417.1 | 14,538.4 | 13,790.7 | 9,977.3 | 12,994.9 | 12,628.9 | 7,272.1 | 4,765.1 |
Operating margin | 18.7% | 19.7% | 23.3% | 19.5% | 29.2% | 33.1% | 31.9% | 40.7% |
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Other income/(expenses): | | | | | | | | |
Investment income, net | 2,947.7 | 1,610.0 | 1,306.3 | 22.4 | 362.1 | 200.3 | 62.3 | 27.4 |
Interest income, net | 2,947.7 | 1,610.0 | 1,306.3 | 22.4 | 362.1 | 200.3 | 62.3 | 27.4 |
Exchange gains/(losses), net | -490.5 | -3,112.2 | 25.2 | -51.8 | -455.9 | 146.5 | 133.8 | -18.0 |
Other, net | 710.4 | 737.2 | 439.4 | 586.9 | 271.9 | 377.7 | 45.1 | 82.4 |
Income before tax | 21,104.5 | 15,372.1 | 16,383.3 | 11,076.7 | 13,839.6 | 13,895.4 | 8,110.3 | 5,458.4 |
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 | 16,976.2 | 12,330.2 | 13,468.6 | 8,616.1 | 11,683.6 | | | |
Net income from discontinued operations | | | 7,962.5 | -2,138.7 | -834.5 | | | |
Net income | 16,976.2 | 12,330.2 | 21,431.1 | 15,093.5 | 22,532.7 | 11,792.9 | 6,836.9 | 4,795.7 |
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 | 417.6 | 519.5 | 77.9 | -76.9 | -141.2 | -188.3 | | -39.1 |
Net income attributable to NetEase, Inc.'s shareholders | 16,856.8 | 12,062.8 | 21,237.5 | 6,152.4 | 10,707.9 | 11,604.5 | 6,735.1 | 4,834.8 |
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Including: | | | | | | | | |
Net income from continuing operations attributable to NetEase, Inc.'s shareholders | 16,856.8 | 12,062.8 | 13,275.0 | 8,291.1 | 11,542.4 | | | |
Net income from discontinued operations attributable to NetEase, Inc.'s shareholders | | | 7,962.5 | | | | | |
Net income | 16,976.2 | 12,330.2 | 21,431.1 | 15,093.5 | 22,532.7 | 11,792.9 | 6,836.9 | 4,795.7 |
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Other comprehensive income | | | | | | | | |
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Total comprehensive income | | | | | | | | |
Comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interests | | | | | | | | |
Comprehensive income attributable to NetEase, Inc.'s shareholders | 17,216.2 | 12,270.8 | 21,421.0 | 6,419.1 | 10,683.0 | 11,638.5 | 6,762.6 | |
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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) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | | | |
-Discontinued operations (in CNY and dollars per share) | | | 0.0 | 0.0 | 0.0 | | | |
Net income per ADS, basic (in CNY and dollars per share) | 0.0 | 0.0 | 0.0 | | | | | |
-Continuing operations (in CNY and dollars per share) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | | | |
-Discontinued operations (in CNY and dollars per share) | | | 0.0 | 0.0 | 0.0 | | | |
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) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | | | |
-Discontinued operations (in CNY and dollars per share) | | | 0.0 | 0.0 | 0.0 | | | |
Net income per ADS, diluted (in CNY and dollars per share) | 0.0 | 0.0 | 0.0 | | | | | |
-Continuing operations (in CNY and dollars per share) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | | | |
-Discontinued operations (in CNY and dollars per share) | | | 0.0 | 0.0 | 0.0 | | | |
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Weighted average number of ordinary shares outstanding, basic (in shares) | 3,325.9 | 3,305.4 | 3,220.5 | 3,235.3 | 3,290.3 | 3,281.7 | 3,284.4 | 3,264.5 |
Weighted average number of ADS outstanding, basic (in shares) | 665.2 | 661.1 | 644.1 | 129.4 | 131.6 | 131.3 | 131.4 | |
Weighted average number of ordinary shares outstanding, diluted (in shares) | 3,367.5 | 3,349.8 | 3,250.0 | 3,254.7 | 3,315.5 | 3,307.1 | 3,305.2 | 3,277.0 |
Weighted average number of ADS outstanding, diluted (in shares) | 673.5 | 670.0 | 650.0 | 130.2 | 132.6 | 132.3 | 132.2 | |
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