NetEase, Inc
(NASDAQ:NTES)

NetEase, Inc., an Internet technology company, provides online services focusing on content, community, communication, and commerce in the Peoples' Republic of China and internationally. The company operates in three segments: Online Games Services, Youdao, and Innovative Businesses and Others. It d...

Website: http://ir.netease.com

Founded: 1997

Full Time Employees: 20,797

CEO / Founder: Ding Lei

Sector: Communication Services

Industry: Internet Content & Information

Games Chinese

Share this website to your friends

• Market Cap:

• Exchange:

• Shs Outstanding:

• Employees:

• Beta:

• Return on Equity (ROE) ttm:

• Return on Assets (ROA) ttm:

• EPS ttm:

• Book value per Share:

• Cash per Share:

• Current ast per Share:

• P/E ttm:

• P/E forward:

• P/E ttm high:

• P/E ttm low:

• P/S ttm:

• P/B ttm:

• P/FCF ttm:

• PEG ratio:

• Cash Ratio ttm:

• Quick Ratio ttm:

• Current Ratio ttm:

• Gross Mgn ttm:

• EBITDA Mgn ttm:

• Operating Mgn ttm:

• Net Income Mgn ttm:

• Trailing Div yield:

• Forward Div yield:

• Payout Ratio ttm:

• Ex-Dividend date:

• Target Price High:

• Target Price Low:

• Target Price Mean:

• Number of Analysts:

• Debt Ratio ttm:

• Debt to Equity ttm:

• Total Net Debt:

At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2025-11-20	2025-08-14	2025-05-15	2025-02-20	2024-12-31	2024-11-14	2024-08-22	2024-05-23	2024-02-29	2023-12-31	2023-11-16	2023-09-21	2023-08-24	2023-05-25	2023-02-23	2022-12-31	2022-11-17	2022-08-18	2022-02-24	2021-12-31	2021-11-16	2021-02-28	2020-12-31	2020-11-30	2020-08-31	2020-05-31	2020-02-29	2019-12-31	2019-11-30	2019-08-31	2019-05-31	2019-02-28	2018-12-31	2018-11-30	2018-08-31	2018-05-31	2018-02-28	2017-12-31	2017-11-30	2017-08-31	2017-05-31	2017-02-28	2016-12-31	2016-11-30	2016-08-31	2016-05-31	2016-02-29	2015-12-31	2015-11-30	2015-08-31	2015-05-31	2015-02-28	2014-12-31	2014-11-30	2014-08-31	2014-05-31	2014-02-13	2013-12-31	2013-11-14	2013-08-15	2013-05-16	2013-02-28	2012-12-31	2012-11-15	2012-08-31	2012-05-31	2012-02-29	2011-12-31	2011-11-30	2011-08-31	2011-05-19	2011-02-24	2010-12-31	2010-11-01	2010-08-19	2010-05-20	2010-02-25	2009-12-31	2009-11-19	2009-08-13	2009-05-20	2009-02-26	2008-12-31	2008-11-13	2008-08-14	2008-05-22	2008-02-21	2007-12-31	2007-11-08	2007-08-14	2007-08-03	2007-05-22	2007-03-08	2006-12-31	2006-11-07	2006-08-15	2006-05-16	2006-02-24	2005-12-31	2005-11-08	2005-08-03	2005-04-29	2005-04-27	2005-02-23	2004-12-31	2004-11-04	2004-08-04	2004-04-30	2003-12-31

net revenues	27,891,664,000	28,828,545,000	28,828,545,000	26,209,879,000	26,747,811,000	25,485,805,000	26,851,741,000	26,851,741,000	27,270,406,000	27,140,165,000	24,011,301,000	25,046,287,000	25,046,287,000	25,046,287,000	24,426,760,000	25,354,129,000	23,159,078,000	23,555,842,000	22,190,749,000	24,373,565,000	20,524,501,000	18,658,222,000	13,476,348,750	18,184,806,000	17,062,367,000	17,062,367,000	14,635,690,000		14,448,442,000	18,356,157,000	18,356,157,000	16,855,303,000		16,283,885,000	14,172,990,000	14,172,990,000	12,477,789,000		13,376,048,000	13,640,546,000	13,640,546,000																																																		2,164,359,470											903,597,827
cost of revenues		-10,349,139,000	-10,349,139,000	-9,733,274,000	-10,475,470,000	-9,443,587,000	-9,835,821,000	-9,835,821,000	-10,304,106,000	-10,315,030,000	-9,635,888,000	-10,149,741,000	-10,149,741,000	-10,149,741,000	-10,682,868,000	-12,109,765,000	-10,217,587,000		-10,379,981,000	-11,455,785,000	-9,334,887,000
gross profit	18,052,482,000	18,479,406,000	18,479,406,000	16,476,605,000	16,272,341,000	16,042,218,000	17,015,920,000	17,015,920,000	16,966,300,000	16,825,135,000	14,375,413,000	14,896,546,000	14,896,546,000	14,896,546,000	13,743,892,000	13,244,364,000	12,941,491,000	12,836,379,000	11,810,768,000	12,917,780,000	11,189,614,000	9,885,843,000	9,927,762,000	9,792,175,000	9,377,622,000	9,377,622,000	7,870,350,000		7,736,848,000	8,090,963,000	8,090,963,000	7,547,348,000		7,245,112,000	5,953,578,000	5,953,578,000	5,947,575,000		6,736,890,000	7,483,617,000	7,483,617,000	5,333,574,000		5,280,350,000	4,586,609,000	4,586,609,000	3,849,267,000		2,845,574,000	2,489,108,000	2,489,108,000	2,258,441,000		1,999,685,000	1,707,736,000	1,707,736,000	1,746,755,000		1,697,613,000	1,546,083,000	1,546,083,000	1,361,915,000		1,321,478,000	1,331,222,000	1,331,222,000	1,327,446,000		1,152,860,000	984,961,000	984,961,000	952,019,000		878,382,000	780,700,000	780,700,000	627,022,644		691,879,735	641,693,965	641,693,965	631,273,238		722,790,151	531,958,576	531,958,576	1,797,833,718		437,779,495	430,091,363	1,783,061,289	430,091,363	448,144,114		457,361,023	420,833,029	420,833,029	370,913,963		326,794,276	253,205,819	719,794,432	253,205,819	189,794,740		164,253,702	158,368,381	158,368,381
yoy	10.94%	15.19%	8.60%	-3.17%	-4.09%	-4.65%	18.37%	14.23%	13.89%	12.95%	4.59%	12.47%	15.11%	16.05%	16.37%	2.53%	15.66%	29.85%	18.97%	31.92%	19.32%	5.42%	26.14%		21.21%	15.90%	-2.73%			11.67%	35.90%	26.77%			-11.63%	-20.45%	-20.53%			41.73%	63.16%	16.29%			61.18%	84.27%	54.64%			24.48%	45.75%	32.25%			0.60%	10.46%	12.98%			17.00%	16.14%	2.31%			15.47%	35.15%	34.77%			12.13%	26.16%	21.94%			12.84%	21.66%	-2.29%			-11.22%	20.63%	18.67%			21.51%	23.69%	0.83%		-2.31%		289.86%	2.20%	6.49%			28.78%	66.20%	-48.47%		72.18%		338.22%	59.88%	19.84%
qoq	-2.31%	0.00%	12.16%	1.26%	1.43%	-5.72%	0.00%	0.29%	0.84%	17.04%	-3.50%	0.00%	0.00%	8.39%	3.77%	2.34%	0.82%	8.68%	-8.57%	15.44%	13.19%	-0.42%	1.38%	4.42%	0.00%	19.15%			-4.38%	0.00%	7.20%			21.69%	0.00%	0.10%			-9.98%	0.00%	40.31%			15.13%	0.00%	19.16%			14.32%	0.00%	10.21%			17.10%	0.00%	-2.23%			9.80%	0.00%	13.52%			-0.73%	0.00%	0.28%			17.05%	0.00%	3.46%			12.51%	0.00%	24.51%			7.82%	0.00%	1.65%			35.87%	0.00%	-70.41%			1.79%	-75.88%	314.58%	-4.03%			8.68%	0.00%	13.46%			29.06%	-64.82%	184.27%	33.41%			3.72%	0.00%
gross margin %	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	64.07%	64.07%	67.90%	NaN%	67.74%	67.79%	67.79%	69.47%	NaN%	70.33%	68.47%	68.47%	66.60%	NaN%	65.93%	66.42%	66.42%	66.12%	NaN%	64.84%	64.04%	64.04%	66.17%	NaN%	65.23%	65.33%	65.33%	71.30%	NaN%	79.33%	82.09%	82.09%	78.26%	NaN%	100.97%	81.60%	81.60%	77.97%	NaN%	78.46%	77.55%	Infinity%	77.55%	78.36%	NaN%	79.50%	79.44%	79.44%	80.18%	NaN%	78.39%	77.27%	Infinity%	77.27%	74.90%	NaN%	74.95%	76.18%	Infinity%
operating expenses:
selling and marketing expenses		-2,695,597,000	-2,695,597,000	-3,805,071,000	-2,818,645,000	-3,501,737,000	-4,022,204,000	-4,022,204,000	-3,567,153,000	-4,225,556,000	-3,271,705,000	-2,905,046,000	-2,905,046,000	-2,905,046,000	-3,768,618,000	-3,417,909,000	-3,300,705,000		-3,134,030,000	-3,300,032,000	-3,013,447,000
general and administrative expenses		-956,337,000	-956,337,000	-1,100,328,000	-1,162,381,000	-1,091,441,000	-1,196,475,000	-1,196,475,000	-1,494,186,000	-1,251,869,000	-1,132,147,000	-1,021,678,000	-1,021,678,000	-1,021,678,000	-1,264,342,000	-1,302,932,000	-1,112,755,000		-1,140,296,000	-1,161,876,000	-1,011,183,000
research and development expenses		-4,386,313,000	-4,386,313,000	-4,424,469,000	-4,469,868,000	-4,455,717,000	-4,174,758,000	-4,174,758,000	-4,347,052,000	-4,479,219,000	-3,908,907,000	-3,749,732,000	-3,749,732,000	-3,749,732,000	-3,969,156,000	-4,090,076,000	-3,581,700,000		-3,761,239,000	-3,847,704,000	-3,406,859,000
total operating expenses		-8,038,247,000	-8,038,247,000	-9,329,868,000	-8,450,894,000	-9,048,895,000	-9,393,437,000	-9,393,437,000	-9,408,391,000	-9,956,644,000	-8,312,759,000	-7,676,456,000	-7,676,456,000	-7,676,456,000	-9,002,116,000	-8,810,917,000	-7,995,160,000		-8,035,565,000	-8,309,612,000	-7,431,489,000
operating profit	9,061,084,000	10,441,159,000	10,441,159,000	7,146,737,000	7,821,447,000	6,993,323,000	7,622,483,000	7,622,483,000	7,557,909,000	6,868,491,000	6,062,654,000	7,220,090,000	7,220,090,000	7,220,090,000	4,741,776,000	4,433,447,000	4,946,331,000	5,507,039,000	3,775,203,000	4,608,168,000	3,758,125,000	2,870,156,000	3,011,931,000	4,169,850,000	4,486,468,000	4,486,468,000	3,334,771,000		3,724,397,000	3,409,328,000	3,409,328,000	2,107,278,000		2,333,591,000	1,206,943,000	1,206,943,000	2,549,689,000		3,405,370,000	4,771,938,000	4,771,938,000	2,846,600,000		3,047,899,000	2,867,685,000	2,867,685,000	2,088,091,000		1,450,376,000	1,315,638,000	1,315,638,000	1,199,233,000		1,176,029,000	1,144,087,000	1,144,087,000	1,111,589,000		1,071,629,000	1,090,451,000	1,090,451,000	824,456,000		883,815,000	975,480,000	975,480,000	919,239,000		787,109,000	692,978,000	692,978,000	586,972,000		609,648,000	555,013,000	555,013,000	408,137,590		517,072,165	491,098,085	491,098,085	466,634,900		573,050,748	404,383,564	404,383,564	1,205,601,961		295,016,955	312,436,090	1,279,876,838	312,436,090	316,655,254		323,049,413	307,363,624	307,363,624	276,165,656		246,699,286	162,677,347	447,511,422	162,677,347	108,791,814		100,608,801	107,811,621	107,811,621
yoy	15.85%	49.30%	36.98%	-6.24%	3.49%	1.82%	25.73%	5.57%	4.68%	-4.87%	27.86%	62.85%	45.97%	31.11%	25.60%	-3.79%	31.62%	91.87%	25.34%	10.51%	-16.23%	-36.03%	-9.68%		20.46%	31.59%	-2.19%			46.10%	182.48%	74.60%			-64.56%	-74.71%	-46.57%			56.56%	66.40%	-0.74%			97.72%	117.97%	58.71%			11.87%	14.99%	4.82%			6.76%	4.92%	1.94%			23.38%	11.79%	-15.48%			23.93%	40.77%	32.65%			13.67%	24.86%	5.76%			7.34%	13.01%	-16.89%			-14.30%	21.44%	15.39%			37.07%	29.43%	-5.80%		-6.83%		296.19%	1.65%	3.02%			24.59%	88.94%	-38.29%		126.76%		344.80%	50.89%	0.91%
qoq	-13.22%	0.00%	46.10%	-8.63%	11.84%	-8.25%	0.00%	0.85%	10.04%	13.29%	-16.03%	0.00%	0.00%	52.27%	6.95%	-10.37%	-10.18%	45.87%	-18.08%	22.62%	30.94%	-4.71%	-27.77%	-7.06%	0.00%	34.54%			9.24%	0.00%	61.79%			93.35%	0.00%	-52.66%			-28.64%	0.00%	67.64%			6.28%	0.00%	37.34%			10.24%	0.00%	9.71%			2.79%	0.00%	2.92%			-1.73%	0.00%	32.26%			-9.40%	0.00%	6.12%			13.58%	0.00%	18.06%			9.84%	0.00%	35.99%			5.29%	0.00%	5.24%			41.71%	0.00%	-66.46%			-5.58%	-75.59%	309.64%	-1.33%			5.10%	0.00%	11.30%			51.65%	-63.65%	175.09%	49.53%			-6.68%	0.00%
operating margin %	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	33.86%	33.86%	36.06%	NaN%	39.84%	45.42%	45.42%	44.21%	NaN%	44.40%	48.29%	48.29%	40.32%	NaN%	44.10%	48.67%	48.67%	45.79%	NaN%	44.27%	45.05%	45.05%	40.80%	NaN%	45.27%	46.45%	46.45%	46.41%	NaN%	59.29%	62.82%	62.82%	57.85%	NaN%	80.05%	62.03%	62.03%	52.29%	NaN%	52.87%	56.33%	Infinity%	56.33%	55.37%	NaN%	56.16%	58.02%	58.02%	59.70%	NaN%	59.18%	49.64%	Infinity%	49.64%	42.93%	NaN%	45.91%	51.86%	Infinity%
other income/
investment income	328,444,000	692,751,000	692,751,000		-506,077,000	103,674,000	179,291,000	179,291,000	556,603,000	-8,940,000	287,691,000			471,368,000	1,347,269,000								470,477,750	711,159,000						155,795,000	155,795,000				80,771,000	80,771,000	117,746,000		105,053,000	43,284,000	43,284,000	99,679,000				40,321,000			1,901,000	3,326,000	3,326,000	8,693,000		10,482,000	10,690,000	10,690,000	9,041,000		10,806,000	12,518,000	12,518,000	9,353,000		12,968,000	13,926,000	13,926,000	3,693,000		399,000	82,000	82,000	65,000		73,000	76,000	76,000	82,497		84,794	102,922	102,922	1,202,091		123,534	101,650	101,650	474,446		117,317	126,279	340,721	126,279	104,838		100,931	32,067	32,067	332,510		433,141	536,324	3,522,169	536,324	906,364		553,552	1,363,507	1,363,507
interest income	953,490,000	1,060,886,000	1,060,886,000	1,282,766,000	1,174,333,000	1,186,219,000	1,277,597,000	1,277,597,000	1,147,227,000	1,261,583,000	935,578,000	776,030,000	776,030,000	776,030,000	556,148,000	629,290,000	505,991,000	458,244,000	349,550,000	395,029,000	386,207,000	446,914,000	410,001,000	396,519,000	345,184,000	345,184,000	184,795,000		185,227,000	173,600,000	173,600,000	113,118,000		141,645,000	165,459,000	165,459,000	164,684,000		162,078,000	149,828,000	149,828,000	162,145,000		117,858,000	136,631,000	136,631,000	140,399,000		156,653,000	167,047,000	167,047,000	156,084,000		146,456,000	142,215,000	142,215,000	123,567,000		126,067,000	117,465,000	117,465,000	115,459,000		106,155,000	86,490,000	86,490,000	68,647,000		59,419,000	51,363,000	51,363,000	36,248,000		32,795,000	30,785,000	30,785,000	29,775,123		33,086,968	35,560,102	35,560,102	39,704,670		31,439,986	30,873,332	30,873,332	112,599,994		28,409,895	23,262,363	94,364,852	23,262,363	24,631,766		24,263,200	22,808,447	22,808,447	15,027,087		12,694,680	9,937,045	22,333,511	9,937,045	5,875,131		4,837,105	3,782,606	3,782,606
exchange gains	114,037,000	1,803,000	1,803,000	-1,055,518,000	1,535,312,000	-239,375,000	15,011,000			-810,904,000	1,464,956,000	-386,568,000	-386,568,000		1,398,045,000	-594,241,000	865,283,000								244,057,000				72,646,000			56,097,000		232,777,000								14,807,000		77,270,000			66,483,000			22,689,000		2,184,000				7,123,000	5,900,000		5,630,000			23,659,000			17,597,000	17,597,000				25,274,000	25,274,000	54,260,000
other	192,167,000	255,315,000	255,315,000	43,600,000	278,952,000	85,694,000	193,888,000	193,888,000	240,024,000	434,759,000	120,826,000	258,033,000	258,033,000	258,033,000	164,435,000	344,875,000	121,175,000	216,330,000	117,636,000	297,244,000	147,588,000	109,940,000	139,321,000	421,199,000	66,708,000	66,708,000	214,847,000		78,026,000	38,904,000	38,904,000	213,564,000		99,682,000	9,416,000	9,416,000	44,876,000		156,703,000	37,687,000	37,687,000	99,387,000		35,425,000	23,685,000	23,685,000	10,133,000		562,000	11,246,000	11,246,000	1,872,000		6,783,000	1,501,000	1,501,000	1,025,000		3,103,000	667,000	667,000	5,087,000		41,194,000	1,298,000	1,298,000	28,155,000		6,381,000	2,084,000	2,084,000						21,344,811		33,227,641												1,239,105		1,588,129									507,428				551,000	1,800	1,800
income before tax	10,649,222,000	12,451,914,000	12,451,914,000	7,995,983,000	10,303,967,000	8,129,535,000	9,288,270,000	9,288,270,000	9,101,280,000	7,744,989,000	8,871,705,000	8,338,953,000	8,338,953,000	8,338,953,000	8,207,673,000	4,776,269,000	5,731,291,000	5,535,031,000	4,131,088,000	6,596,693,000	4,589,592,000	3,136,167,000	1,487,496,000	5,715,735,000	5,032,686,000	5,032,686,000	4,249,882,000		4,084,438,000	3,732,233,000	3,732,233,000	2,464,656,000		2,683,575,000	1,087,495,000
income tax		-1,905,143,000	-1,905,143,000	-1,289,545,000	-1,385,014,000	-1,300,939,000	-1,485,910,000	-1,485,910,000	-1,290,398,000	-1,068,657,000	-712,090,000	-1,628,559,000	-1,628,559,000	-1,628,559,000	-1,586,673,000	-966,574,000	-1,259,320,000		-807,648,000	-933,985,000	-1,113,228,000
net income	9,088,465,000	10,546,771,000	10,546,771,000	6,706,438,000	8,918,953,000	6,828,596,000	7,802,360,000	7,802,360,000	7,810,882,000	6,676,332,000	8,159,615,000	6,710,394,000	6,710,394,000	6,710,394,000	6,621,000,000	3,809,695,000	5,096,835,000	4,315,760,000	3,323,440,000	5,662,708,000	3,476,364,000	2,793,467,000	934,835,000	4,651,280,000	3,950,653,000	3,950,653,000	12,758,014,000		3,117,868,000																																						814,258,000		757,919,000	734,573,000
yoy	1.90%	54.45%	35.17%	-14.05%	14.19%	2.28%	-4.38%	16.27%	16.40%	-0.51%	23.24%	76.14%	31.66%	55.49%	99.22%	-32.72%	46.61%	54.49%	255.51%	21.75%	-12.01%	-29.29%	-92.67%		26.71%
qoq	-13.83%	0.00%	57.26%	-24.81%	30.61%	-12.48%	0.00%	-0.11%	16.99%	-18.18%	21.60%	0.00%	0.00%	1.35%	73.79%	-25.25%	18.10%	29.86%	-41.31%	62.89%	24.45%	198.82%	-79.90%	17.73%	0.00%	-69.03%																																											3.18%
net income margin %	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	0%	0%	0%	NaN%	0%	0%	0%	0%	NaN%	0%	0%	0%	0%	NaN%	0%	0%	0%	40.56%	NaN%	42.62%	47.76%	0%	0%	NaN%	0%	0%	0%	0%	NaN%	0%	0%	0%	0%	NaN%	0%	0%	0%	0%	NaN%	0%	0%	NaN%	0%	0%	NaN%	0%	0%	0%	0%	NaN%	0%	0%	NaN%	0%	0%	NaN%	0%	0%	NaN%
accretion of redeemable noncontrolling interests		-1,049,000	-1,049,000	-962,000	-1,039,000	-960,000		-958,000	-895,000	-966,000	-868,000	-860,000		-860,000	-781,000	-567,000	-754,000
net income attributable to noncontrolling interests and redeemable noncontrolling interests		-244,565,000	-244,565,000
net income attributable to the company’s shareholders	8,601,010,000	10,301,157,000	10,301,157,000	6,538,435,000	8,766,479,000	6,758,749,000	7,633,946,000	7,633,946,000	7,836,888,000	6,582,263,000	8,242,767,000	6,754,634,000		6,754,634,000	6,699,364,000	3,952,737,000	5,291,476,000	4,394,023,000	3,181,782,000	2,790,672,000	3,541,754,000	2,998,240,000	2,771,763,000	4,537,806,000	3,551,006,000	3,551,006,000	12,730,299,000		3,071,367,000	2,382,118,000	2,382,118,000	1,596,293,000		2,106,516,000	751,899,000	751,899,000	2,527,449,000		2,972,111,000	3,922,766,000	3,922,766,000	2,740,018,000		2,720,608,000	2,460,794,000	2,460,794,000	1,881,903,000		1,424,320,000	1,264,422,000	1,264,422,000	1,159,145,000		1,202,349,000	1,123,860,000	1,123,860,000	1,048,294,000		1,095,102,000	1,063,489,000	1,063,489,000	811,935,000		875,302,000	941,680,000	941,680,000										452,258,000	393,829,554		468,118,827	416,720,842	416,720,842
net income per share
basic	2.7	3.25	3.25	2.04	1.63	2.1	2.38	2.38						2.1					0.96	0.835	1.06
diluted	2.67	3.21	3.21	2.03	1.615	2.08	2.35	2.35						2.07					0.95	0.825	1.05
net income per ads *
weighted-average number of ordinary shares used in calculating net income per share *
basic	3,188,634	3,173,899	3,173,899			3,217,699	3,211,665	3,211,665				3,221,083		3,221,083				3,277,280	3,325,892		3,347,507
diluted	3,214,681	3,206,362	3,206,362			3,243,056	3,249,452	3,249,452				3,256,511		3,256,511				3,316,129	3,361,727		3,385,953
investment (losses)/income				578,398,000																																											24,995,000
net loss attributable to noncontrolling interests and redeemable noncontrolling interests				-167,041,000	-151,435,000	-68,887,000		-167,456,000
weighted average number of ordinary shares used in calculating net income per share *
basic				3,198,646					3,213,834		3,218,783		3,221,083		3,262,989		3,274,695
diluted				3,224,110					3,249,649		3,248,916		3,256,511		3,293,766		3,305,504
accretion of redeemable noncontrolling interests							-958,000						-860,000
net loss attributable to noncontrolling interests and redeemable noncontrolling interests							-167,456,000
weighted-average number of ordinary shares used in calculating net income per share *
basic	3,188,634	3,173,899	3,173,899			3,217,699	3,211,665	3,211,665				3,221,083		3,221,083				3,277,280	3,325,892		3,347,507
diluted	3,214,681	3,206,362	3,206,362			3,243,056	3,249,452	3,249,452				3,256,511		3,256,511				3,316,129	3,361,727		3,385,953
exchange gains								15,011,000	-400,483,000
net income from continuing operations									7,810,882,000	6,676,332,000	8,159,615,000	6,710,394,000	6,710,394,000		6,621,000,000	3,809,695,000	4,471,971,000	4,315,760,000				2,793,467,000	934,835,000	4,651,280,000	3,950,653,000	3,950,653,000	4,161,925,000		3,400,683,000
net income from discontinued operations																	624,864,000
net loss attributable to noncontrolling interests									26,901,000	39,005,250	84,020,000	45,100,000		45,100,000	79,145,000	88,384,000	195,395,000	78,996,000	6,167,000																																						3,675,000		9,675,000			28,718,000		16,742,000	9,952,000	9,952,000										3,129,000
including:
-net income from continuing operations attributable to the company’s shareholders									7,836,888,000	5,708,572,250	8,242,767,000	6,754,634,000			6,699,364,000	3,939,999,750	4,666,612,000	4,394,023,000				2,998,240,000	2,771,763,000	4,537,806,000	3,551,006,000	3,551,006,000	4,134,210,000		3,354,182,000
-net income from discontinued operations attributable to the company’s shareholders																156,216,000	624,864,000
basic net income per share *									2.44	1.775	2.56	2.1	2.1		2.05	1.253	1.62	1.34
-continuing operations									2.44	2.05	2.56	2.1	2.1		2.05	1.22	1.43	1.34				0.89	0.28	1.4	1.1	1.1	1.28		1.04
-discontinued operations																	0.19										2.67
basic net income per ads *									12.19	8.87	12.8	10.49	10.49		10.27	6.26	8.08	6.7
diluted net income per share *									2.41	1.755	2.54	2.07	2.07		2.03	1.24	1.6	1.33
diluted net income per ads *									12.06	8.778	12.69	10.37	10.37		10.17	6.198	8	6.63
investmentincome												471,368,000
investment (loss)/ income													471,368,000			22,769,500	-707,489,000		-264,611,000										24,142,000
net loss attributable to noncontrolling  interests													45,100,000
net income attributable to the  company’s shareholders													6,754,634,000
-net income from continuing operations attributable to the company’s shareholders													6,754,634,000
weighted average number of ordinary shares used in calculating net income per share *
basic				3,198,646					3,213,834		3,218,783		3,221,083		3,262,989		3,274,695
diluted				3,224,110					3,249,649		3,248,916		3,256,511		3,293,766		3,305,504
exchange losses														-386,568,000
weighted average number of ordinary shares used in calculating net income per share*
basic				3,198,646					3,213,834		3,218,783		3,221,083		3,262,989		3,274,695
diluted				3,224,110					3,249,649		3,248,916		3,256,511		3,293,766		3,305,504
exchange (losses)/ gains																			153,310,000							244,057,000	120,562,000
accretion and deemed dividends in connection with repurchase of redeemable noncontrolling interests																			-147,825,000	-99,914,000	-145,415,000
other income /
investment income/ (loss)																				330,019,750	889,392,000	1,280,483,000					394,907,000
exchange (losses) / gains																				-39,772,750	-591,720,000
net income attributable to noncontrolling interests																				71,568,250	210,805,000	323,221,000	86,769,250	37,484,000
operating expenses
other income:
exchange (losses)/gains
basic net income per share:																						0.89	0.843	1.4
basic net income per ads:																						4.43	4.218	7
diluted net income per share:																						0.87	0.833	1.38
diluted net income per ads:																						4.37	4.163	6.92
weighted-average number of ordinary shares outstanding, basic					3,200,453					3,216,475						3,263,455				3,325,864		3,384,051	3,305,448	3,242,061	3,231,395	3,231,395	3,225,704	3,220,473	3,221,306	3,206,194	3,206,194	3,210,940	3,235,324	3,250,448	3,281,948	3,281,948	3,294,167	3,290,312	3,294,950	3,288,105	3,288,105		3,281,729	3,277,884	3,290,129	3,290,129	3,288,829	3,284,382	3,287,495	3,274,098	3,274,098	3,267,786	3,264,450	3,266,483	3,255,336	3,255,336	3,250,078	3,247,874	3,249,077	3,241,939	3,241,939	3,287,370	3,282,663	3,286,239	3,278,157	3,278,157	3,268,673	3,265,550	3,264,927	3,255,764	3,255,764		3,246,426		3,239,858	3,239,858	3,236,059,232	3,225,249,905	3,219,247,705	3,207,759,573	3,207,759,573	3,199,978,057	3,117,117,306	3,027,874,505	3,028,995,782	3,028,995,782	3,086,451,412	3,086,451,412	3,100,597,113	3,160,128,710	3,231,832,008	3,160,128,710	3,225,819,282	3,231,832,008	3,254,702,252	3,267,392,635	3,267,392,635	3,273,814,404	3,225,684,510	3,212,283,531	3,188,169,782	3,157,841,781	3,188,169,782	3,167,067,332	3,157,841,781	3,154,377,163	3,132,850,697	3,132,850,697
weighted-average number of ads outstanding, basic					640,091					643,295						652,691				665,173		676,810	661,090	648,412	129,256	129,256	129,028	128,819	128,852	128,248	128,248	128,438	129,413	130,018	131,278	131,278	131,767	131,612	131,798	131,524	131,524		131,269	131,115	131,605	131,605	131,553	131,375	131,500	130,964	130,964	130,711	130,578	130,659	130,213	130,213	130,003	129,915	129,963	129,678	129,678	131,495	131,307	131,450	131,126	131,126	130,747	130,622	130,597	130,231	130,231		129,857		129,594	129,594	129,442,369	129,009,996	128,769,908	128,310,383	128,310,383	127,999,122	124,684,692	121,114,980	121,159,831	121,159,831	123,458,056	123,458,056	124,023,885	126,405,148	129,273,280	126,405,148	129,032,771	129,273,280	130,188,090	130,695,705	130,695,705	32,738,144	129,027,380	32,122,835	31,881,698	31,578,418	31,881,698	31,670,673	31,578,418	31,543,772	31,328,507	31,328,507
weighted-average number of ordinary shares outstanding, diluted					3,230,602					3,252,029						3,296,014				3,367,478		3,431,274	3,349,759	3,281,100	3,273,999	3,273,999	3,254,269	3,249,972	3,247,408	3,231,321	3,231,321	3,226,763	3,254,689	3,264,346	3,308,240	3,308,240	3,317,373	3,315,478	3,315,410	3,318,547	3,318,547		3,307,109	3,298,971	3,314,243	3,314,243	3,308,156	3,305,213	3,306,039	3,294,334	3,294,334	3,280,435	3,277,049	3,274,167	3,267,294	3,267,294	3,260,350	3,256,297	3,255,244	3,246,871	3,246,871	3,292,462	3,288,330	3,292,518	3,284,428	3,284,428	3,277,636	3,276,704	3,275,651	3,273,909	3,273,909		3,261,886		3,259,490	3,259,490	3,260,784,175	3,248,982,814	3,250,458,685	3,224,599,184	3,224,599,184	3,240,451,297	3,234,214,324	3,233,701,752	3,233,744,526	3,233,744,526	3,307,538,379	3,307,538,379	3,318,874,571	3,410,647,795	3,498,405,110	3,410,647,795	3,485,412,140	3,498,405,110	3,537,762,110	3,546,376,948	3,546,376,948	3,633,097,331	3,565,412,019	3,552,151,228	3,530,419,102	3,491,430,437	3,530,419,102	3,476,659,180	3,491,430,437	3,262,188,729	3,265,989,154	3,265,989,154
weighted-average number of ads outstanding, diluted					646,120					650,406						659,203				673,496		686,255	669,952	656,220	130,960	130,960	130,171	129,999	129,896	129,253	129,253	129,071	130,188	130,574	132,330	132,330	132,695	132,619	132,616	132,742	132,742		132,284	131,959	132,570	132,570	132,326	132,209	132,242	131,773	131,773	131,217	131,082	130,967	130,692	130,692	130,414	130,252	130,210	129,875	129,875	131,698	131,533	131,701	131,377	131,377	131,105	131,068	131,026	130,956	130,956		130,475		130,380	130,380	130,431,367	129,959,313	130,018,347	128,983,967	128,983,967	129,618,052	129,368,573	129,348,070	129,349,781	129,349,781	132,301,535	132,301,535	132,754,983	136,425,912	139,936,204	136,425,912	139,416,486	139,936,204	141,510,484	141,855,078	141,855,078	36,330,973	142,616,481	35,521,512	35,304,191	34,914,304	35,304,191	34,766,592	34,914,304	32,621,887	32,659,892	32,659,892
exchange gains/ (losses)																								17,008,000
net income/ (income) attributable to noncontrolling interests
-net income from discontined operations attributable to the company’s shareholders
basic net income/ (loss) per share:																									1.1	1.1	3.95		0.95
basic net income/ (loss) per ads:																									27.47	27.47			23.84
diluted net income/ (loss) per share:																									1.08	1.08	3.91		0.95
diluted net income/ (loss) per ads:																									27.12	27.12			23.64
net (income)/ loss attributable to noncontrolling interests																											42,409,000		26,547,000
net (loss)/ income from discontinued operations																											8,596,089,000
deemed dividends attributable to redeemable noncontrolling interests
-net (loss)/ income from discontined operations attributable to the company’s shareholders																											8,596,089,000
basic net income/ (loss) per ads :																											98.66
diluted net income/ (loss) per ads :																											97.8
net income after tax																														2,463,274,000	2,463,274,000	1,620,861,000		2,263,050,000	804,808,000	804,808,000	2,541,610,000		2,994,434,000	4,011,180,000	4,011,180,000	2,795,441,000		2,784,174,000	2,501,642,000	2,501,642,000	1,930,938,000		1,441,877,000	1,305,403,000	1,305,403,000	1,170,726,000		1,221,633,000	1,126,050,000	1,126,050,000	1,044,619,000		1,085,427,000	1,068,920,000	1,068,920,000	783,217,000		858,560,000	931,728,000	931,728,000					734,573,000	576,122,000		486,112,000	449,129,000	449,129,000	393,795,365		468,088,312	416,702,625	416,702,625
basic earnings per share																														0.74	0.74	0.5		0.65	0.23	0.23	0.77		0.9	1.19	1.19
basic earnings per ads																														18.57	18.57	12.43		16.2	5.73	5.73	19.18		22.55	29.83	29.83
diluted earnings per share																														0.74	0.74	0.49		0.65	0.23	0.23	0.76		0.9	1.18	1.18
diluted earnings per ads																														18.43	18.43	12.37		16.13	5.68	5.68	19.05		22.41	29.55	29.55
net income before tax																																				1,087,495,000	2,767,104,000		3,697,899,000	4,954,212,000	4,954,212,000	3,222,618,000		3,046,825,000	3,032,294,000	3,032,294,000	2,330,101,000		1,587,810,000	1,519,946,000	1,519,946,000	1,368,066,000		1,319,569,000	1,305,616,000	1,305,616,000	1,251,122,000		1,217,235,000	1,211,791,000	1,211,791,000	978,014,000		1,008,104,000	1,094,791,000	1,094,791,000	954,757,000		850,347,000	771,781,000	771,781,000	667,390,000		561,593,000	543,644,000	543,644,000	459,340,021		583,471,568	478,441,772	478,441,772
deemed dividends in connection with repurchase of redeemable noncontrolling interests
net revenues:
online game services																																										6,568,016,000		6,438,279,000	6,015,056,000	6,015,056,000	5,212,912,000		3,657,136,000	3,104,204,000	3,104,204,000	2,459,596,000		2,336,498,000	2,155,626,000	2,155,626,000	2,105,451,000		2,066,540,000	2,027,171,000	2,027,171,000	1,739,922,000		1,748,695,000	1,821,029,000	1,821,029,000	1,755,709,000		1,577,810,000	1,385,643,000	1,385,643,000	1,255,922,000		1,180,787,000	1,085,322,000	1,085,322,000	775,141,663		781,482,693	724,023,597	724,023,597	675,127,723		595,039,049	555,859,907	555,859,907	1,932,634,947		475,149,731	481,865,952	1,856,062,971	481,865,952	467,910,918		486,006,106	450,559,604	450,559,604	372,681,557		343,709,567	262,142,134	628,936,223	262,142,134	169,832,982		139,458,471	111,389,272	99,999,719
advertising services																																										563,271,000		531,116,000	393,177,000	393,177,000	454,883,000		427,736,000	332,612,000	332,612,000	478,330,000		389,102,000	244,713,000	244,713,000	298,783,000		272,236,000	165,451,000	165,451,000	243,027,000		204,179,000	143,451,000	143,451,000	220,476,000		169,644,000	126,828,000	126,828,000	162,012,000		145,948,000	91,548,000	91,548,000	86,049,485		72,801,803	41,030,255	41,030,255	113,005,479		103,937,354	77,144,002	77,144,002	305,057,556		65,328,019	56,195,605	285,772,653	56,195,605	83,359,202		68,763,795	61,562,176	61,562,176	73,395,974		53,441,219	45,275,474	171,054,305	45,275,474	51,031,147		40,853,119	34,484,069	30,147,494
e-mail, e-commerce and others																																										2,080,358,000		1,983,428,000	1,507,123,000	1,507,123,000	1,003,994,000		483,033,000	448,404,000	448,404,000	387,987,000		226,348,000	118,638,000	118,638,000
total net revenues																																										9,211,645,000		8,952,823,000	7,915,356,000	7,915,356,000	6,671,789,000		4,567,905,000	3,660,247,000	3,660,247,000	3,116,739,000		2,767,590,000	2,365,512,000	2,365,512,000	2,356,639,000		2,264,525,000	2,152,589,000	2,152,589,000	2,001,964,000		1,962,489,000	1,965,629,000	1,965,629,000	1,957,902,000		1,733,616,000	1,499,951,000	1,499,951,000	1,400,447,000		1,308,995,000	1,164,488,000	1,164,488,000	868,026,510		863,089,617	775,922,426	775,922,426	795,969,589		852,955,073	644,453,652	644,453,652	2,213,286,764		536,046,614	533,295,881		533,295,881	548,605,170		552,630,867	508,993,662	508,993,662	443,444,140		392,718,723	308,675,829		308,675,829	238,578,986		206,727,618	196,573,575	186,821,778
total cost of revenues
net income attributable to noncontrolling interests and mezzanine classified noncontrolling interests
earnings per share, basic																																										0.84		0.83	0.75	0.75	0.57		0.43	0.39	0.39	0.35		0.37	0.35	0.35	0.32		0.34	0.33	0.33	0.25		0.27	0.29	0.29	0.25		0.24	0.23	0.23	0.18		0.15	0.14	0.14	0.12		0.15	0.13	0.13	0.1		0.14	0.09	0.09	0.41		0.1	0.1	0.38	0.1	0.1		0.1	0.09	0.09	0.08		0.08	0.05		0.05	0.03		0.03	0.03	0.03
earnings per ads, basic																																										20.9		20.75	18.7	18.7	14.31		10.83	9.65	9.65	8.87		9.2	8.63	8.63	8.06		8.43	8.2	8.2	6.17		6.66	7.18	7.18	6.32		5.92	5.66	5.66	4.5		3.74	3.49	3.49	3.04		3.64	3.25	3.25	2.45		3.62	2.22	2.22	10.24		2.52	2.39	9.61	2.39	2.44		2.41	2.25	2.25	7.9		7.56	4.83		4.83	3.44		3.12	3.32	3.32
earnings per share, diluted																																										0.83		0.82	0.74	0.74	0.57		0.43	0.38	0.38	0.35		0.37	0.34	0.34	0.32		0.34	0.33	0.33	0.25		0.27	0.29	0.29	0.25		0.24	0.23	0.23	0.18		0.15	0.14	0.14	0.12		0.14	0.13	0.13	0.1		0.14	0.08	0.08	0.38		0.09	0.09	0.36	0.09	0.09		0.09	0.08	0.08	0.07		0.07	0.04		0.04	0.03		0.03	0.03	0.03
earnings per ads, diluted																																										20.73		20.62	18.56	18.56	14.22		10.77	9.6	9.6	8.83		9.18	8.6	8.6	8.04		8.41	8.19	8.19	6.17		6.65	7.17	7.17	6.3		5.9	5.63	5.63	4.48		3.73	3.47	3.47	3.02		3.6	3.23	3.23	2.42		3.39	2.08	2.08	9.55		2.35	2.21	8.91	2.21	2.26		2.23	2.08	2.08	7.17		6.89	4.42		4.42	3.16		3.01	3.18	3.18
weighted average number of ordinary shares outstanding, basic																																										3,277,540																																3,245,756
weighted average number of ads outstanding, basic																																										131,102																																129,830
weighted average number of ordinary shares outstanding, diluted																																										3,304,995																																3,258,015
weighted average number of ads outstanding, diluted																																										132,200																																130,321
investment income/ (expenses)																																													40,321,000
net losses attributable to noncontrolling interests and mezzanine classified noncontrolling interests
exchange gains/																																																			22,689,000				7,123,000
revenues:
total revenues																																																		3,885,220,000	3,885,220,000	3,325,913,000		2,951,948,000	2,518,977,000	2,518,977,000	2,514,314,000		2,413,844,000	2,258,015,000	2,258,015,000	2,044,865,000		2,004,270,000	2,004,110,000	2,004,110,000	2,007,485,000		1,778,123,000	1,538,151,000	1,538,151,000	1,438,801,000		1,346,648,000	1,194,930,000	1,194,930,000	879,448,335		872,108,263	781,694,557	781,694,557	806,611,196		715,873,601	651,923,462	651,923,462	2,305,710,964		557,972,627	554,612,112		554,612,112	571,902,902		575,277,291	529,755,453	529,755,453	462,590,736		416,878,145	327,686,709		327,686,709	253,403,990		219,137,675	207,877,757
yoy																																																		31.62%	54.24%	32.03%			4.36%	11.56%	11.35%			12.66%	12.67%	2.03%			12.71%	30.29%	30.51%			14.22%	28.72%	20.41%			37.02%	52.86%	12.51%			9.19%	19.91%	23.73%			16.84%	17.55%			-2.44%			4.69%	7.96%			27.08%	61.67%			64.51%			57.63%
qoq																																																		0.00%	16.82%			17.19%	0.00%	0.19%			6.90%	0.00%	10.42%			0.01%	0.00%	-0.17%			15.60%	0.00%	6.91%			12.70%	0.00%	35.87%			11.57%	0.00%	-3.09%			9.81%	0.00%	-71.73%			0.61%			-3.02%			8.59%	0.00%	14.52%			27.22%			29.31%			5.42%
sales taxes
comprehensive income																																																			1,305,403,000	1,170,726,000		1,221,633,000	1,126,050,000	1,126,050,000	1,044,619,000		1,085,427,000	1,068,920,000	1,068,920,000	783,217,000		858,560,000	931,728,000	931,728,000																									1,242,777,584											441,420,682
comprehensive income attributable to the company’s shareholders																																																			1,264,422,000	1,159,145,000		1,202,349,000	1,123,860,000	1,123,860,000	1,048,294,000		1,095,102,000	1,063,489,000	1,063,489,000	811,935,000		875,302,000	941,680,000	941,680,000
comprehensive loss attributable to noncontrolling interests																																																									3,675,000		9,675,000			28,718,000		16,742,000	9,952,000	9,952,000
comprehensive loss/ (income) attributable to noncontrolling interests
comprehensive income attributable to noncontrolling interests
e-mail, wvas and others																																																									110,080,000		75,068,000	65,393,000	65,393,000	61,916,000		51,396,000	39,630,000
comprehensive loss (income) attributable to noncontrolling interests
business taxes																																																																																				137,081,472
e-mail, wireless value-added services and others																																																																		39,630,000
wireless value-added services and others																																																																			31,300,000		30,669,000	25,680,000	25,680,000	20,867,000		19,913,000		18,060,000	18,257,187		17,823,767	16,640,705	16,640,705	18,477,994		16,897,198	18,919,553	18,919,553	68,018,461		17,494,877	16,550,555		16,550,555	20,632,782		20,507,390	17,633,673	17,633,673	16,513,205		19,727,359	20,269,101
other income
net loss attributable to non-controlling interests																																																																			11,498,000		14,577,000	2,814,000	2,814,000				3,129,000
net income attributable to the netease.com, inc.’s shareholders																																																																			825,756,000		772,496,000	737,387,000	737,387,000			485,674,000	452,258,000
add: net loss attributable to non-controlling interests																																																																								9,195,000
net income attributable to the netease.com inc.’s shareholders																																																																								585,317,000
weighted average number of
ordinary shares outstanding, basic																																																																								3,248,176
ads outstanding, basic																																																																								129,927
ordinary shares outstanding, diluted																																																																								3,264,036
ads outstanding, diluted																																																																								130,561
wireless value-added
services and others																																																																											18,060,000
add: net loss attributable to noncontrolling interests																																																																													34,189
add: net loss attributable to noncontrolling interest																																																																															30,515	18,217	18,217
profit before tax																																																																																		438,998,031		578,174,999	384,179,583	384,179,583	1,266,701,067		314,609,979	335,092,510	1,374,863,081	335,092,510	342,979,987		346,999,145	328,027,131	328,027,131	285,204,674		259,756,239	172,777,329	469,997,401	172,777,329	114,727,099		105,515,927	112,028,363	112,028,363
profit after tax																																																																																		313,310,365		438,171,213	269,346,735	269,346,735	1,264,011,758				1,242,377,538	301,494,666	314,779,881
minority interests																																																																																		2,235		117	3,511	3,511	74,364				400,046
net profit																																																																																		313,312,600		438,171,330	269,350,246	269,350,246	1,264,086,122		312,596,496	301,494,666	1,242,777,584	301,494,666	314,779,881		314,110,189	293,657,518	293,657,518	258,642,366		242,798,963	153,877,833	441,420,682	153,877,833	109,060,644		98,292,593	103,912,036	103,912,036
wireless and value-added services and others																																																																																											75,406,121
revenues: - sum																																																																																											2,217,241,745
insurance claims settlement for the now-settled class action litigation																																																																																																						16,553,200		16,553,200
interest expense
wireless value-added and other fee-based premium services																																																																																																						158,310,317	20,269,101	32,539,861		38,826,085	62,004,416
business tax
asset impairment loss
class action settlement
interest expenses
income tax benefit
other comprehensive income currency translation adjustments
net earnings per share, basic																																																																																																						0.14
net earnings per ads, basic																																																																																																						14.1
net earnings per share, diluted																																																																																																						0.13
net earnings per ads, diluted																																																																																																						12.98
share compensation cost included in:
wireless value-added and otherservices																																																																																																												56,674,565
cost of revenues:
wireless value-added and other services
selling, general and administrative expenses
share compensation cost

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-11-20	2025-09-30	2025-08-14	2025-06-30	2025-05-15	2025-03-31	2025-02-20	2024-12-31	2024-11-14	2024-09-30	2024-08-22	2024-06-30	2024-05-23	2024-03-31	2024-02-29	2023-12-31	2023-11-16	2023-09-30	2023-09-21	2023-08-24	2023-06-30	2023-05-25	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2021-12-31	2021-09-30	2020-12-31	2020-11-30	2020-09-30	2020-08-31	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-08-31	2019-06-30	2019-05-31	2019-03-31	2019-02-28	2018-12-31	2018-11-30	2018-09-30	2018-08-31	2018-06-30	2018-05-31	2018-03-31	2018-02-28	2017-12-31	2017-11-30	2017-09-30	2017-08-31	2017-06-30	2017-05-31	2017-03-31	2017-02-28	2016-12-31	2016-11-30	2016-09-30	2016-08-31	2016-06-30	2016-05-31	2016-03-31	2016-02-29	2015-12-31	2015-11-30	2015-09-30	2015-08-31	2015-06-30	2015-05-31	2015-03-31	2015-02-28	2014-12-31	2014-11-30	2014-09-30	2014-08-31	2014-06-30	2014-05-31	2014-03-31	2014-02-13	2013-12-31	2013-11-14	2013-09-30	2013-08-15	2013-06-30	2013-05-16	2013-03-31	2013-02-28	2012-12-31	2012-11-15	2012-09-30	2012-08-31	2012-06-30	2012-05-31	2012-03-31	2012-02-29	2011-12-31	2011-11-30	2011-09-30	2011-08-31	2011-06-30	2011-05-19	2011-03-31	2011-02-24	2010-12-31	2010-11-01	2010-09-30	2010-08-19	2010-05-20	2010-02-25	2009-12-31	2009-11-19	2009-08-13	2009-05-20	2009-02-26	2008-12-31	2008-11-13	2008-08-14	2008-05-22	2008-02-21	2007-12-31	2007-11-08	2007-08-14	2007-08-03	2007-05-22	2007-03-08	2006-12-31	2006-11-07	2006-08-15	2006-05-16	2006-02-24	2005-12-31	2005-08-03	2005-04-29	2005-04-27	2005-02-23	2004-12-31	2004-11-04	2004-08-04	2003-12-31

assets
current assets:
cash and cash equivalents	31,326,752,000	31,326,752,000	54,430,728,000	54,430,728,000	41,748,614,000	41,748,614,000	51,383,310,000	51,383,310,000	20,184,013,000	20,184,013,000	18,982,239,000	18,982,239,000	43,026,904,000	43,026,904,000	21,428,902,000	21,428,902,000	15,116,464,000	15,116,464,000	12,766,270,000	12,766,270,000	12,766,270,000	13,700,778,000	13,700,778,000	24,889,000,000	17,999,166,000	16,461,908,000	14,498,157,000	22,266,781,000	9,117,219,000	6,466,250,000	6,466,250,000	10,622,795,000	10,622,795,000	5,592,847,000	3,246,373,000	2,741,419,000	4,832,320,000	4,832,320,000	4,132,058,000	4,132,058,000	5,389,198,000	5,389,198,000	4,778,084,000	4,778,084,000	3,079,286,000	3,079,286,000	3,727,435,000	3,727,435,000	2,764,140,000	2,764,140,000	2,575,522,000	2,575,522,000	3,012,500,000	3,012,500,000	3,959,251,000	3,959,251,000	5,439,499,000	5,439,499,000	4,481,803,000	4,481,803,000	5,257,160,000	5,257,160,000	6,584,533,000	6,584,533,000	6,071,487,000	6,071,487,000	6,270,082,000	6,270,082,000	5,389,872,000	5,389,872,000	3,739,901,000	3,739,901,000	2,021,453,000	2,021,453,000	2,194,934,000	2,194,934,000	1,668,981,000	1,668,981,000	2,713,009,000	2,713,009,000	1,458,298,000	1,458,298,000	917,302,000	917,302,000	1,363,480,000	1,363,480,000	1,805,016,000	1,805,016,000	1,590,769,000	1,590,769,000	1,184,546,000	1,184,546,000	1,075,734,000	1,075,734,000	2,012,449,000	2,012,449,000		2,214,618,000
time deposits	93,551,844,000	93,551,844,000	75,277,705,000	75,277,705,000	81,008,298,000	81,008,298,000	75,441,355,000	75,441,355,000	91,195,431,000	91,195,431,000	93,456,225,000	93,456,225,000	89,473,549,000	89,473,549,000	100,856,034,000	100,856,034,000	87,174,226,000	87,174,226,000	90,195,524,000	90,195,524,000	90,195,524,000	98,364,645,000	98,364,645,000	84,947,679,000	89,301,940,000	84,916,751,000	70,754,846,000	59,412,400,000	71,079,327,000	79,639,453,000	79,639,453,000	66,348,005,000	66,348,005,000	50,515,092,000	53,487,075,000	39,224,063,000	31,280,307,000	31,280,307,000	33,252,706,000	33,252,706,000	32,900,287,000	32,900,287,000	26,321,114,000	26,321,114,000	28,652,007,000	28,652,007,000	28,509,513,000	28,509,513,000	30,603,369,000	30,603,369,000	30,140,825,000	30,140,825,000	25,347,548,000	25,347,548,000	25,115,808,000	25,115,808,000	19,361,098,000	19,361,098,000	15,662,874,000	15,662,874,000	14,448,972,000	14,448,972,000	13,878,984,000	13,878,984,000	14,593,291,000	14,593,291,000	13,646,100,000	13,646,100,000	15,065,806,000	15,065,806,000	17,974,161,000	17,974,161,000	18,496,574,000	18,496,574,000	17,543,890,000	17,543,890,000	17,279,611,000	17,279,611,000	15,656,473,000	15,656,473,000	16,625,468,000	16,625,468,000	15,851,527,000	15,851,527,000	14,493,254,000	14,493,254,000	13,567,637,000	13,567,637,000	13,098,661,000	13,098,661,000	13,129,774,000	13,129,774,000	12,227,426,000	12,227,426,000	10,671,235,000	10,671,235,000	9,704,777,000	9,704,777,000	9,361,447,000	9,361,447,000	9,222,928,000	9,222,928,000	8,689,695,000	8,689,695,000	8,193,972,000	8,193,972,000	7,117,321,000	7,117,321,000	6,194,086,000	6,234,955,000	5,975,378,114	5,975,378,114	5,054,114,507	4,929,100,734	5,238,315,272	4,820,000,100	4,820,000,100	4,293,828,441	2,555,926,069	2,224,789,352	1,675,813,944	1,675,813,944	1,873,027,445	2,060,113,281	2,731,396,687	2,512,617,696		2,731,396,687					1,691,976,255
restricted cash	8,654,295,000	8,654,295,000	3,731,100,000	3,731,100,000	3,641,643,000	3,641,643,000	3,086,405,000	3,086,405,000	2,994,096,000	2,994,096,000	2,869,827,000	2,869,827,000	3,055,366,000	3,055,366,000	2,777,206,000	2,777,206,000	3,041,312,000	3,041,312,000	2,912,852,000	2,912,852,000	2,912,852,000	3,083,493,000	3,083,493,000	2,699,055,000	2,844,386,000	3,089,413,000	2,876,628,000	3,461,021,000	3,051,386,000	2,885,935,000	2,885,935,000	3,351,610,000	3,351,610,000	3,507,105,000	3,150,354,000	3,947,201,000	4,311,451,000	4,311,451,000	5,113,030,000	5,113,030,000	4,817,340,000	4,817,340,000	4,943,423,000	4,943,423,000	4,283,759,000	4,283,759,000	5,761,728,000	5,761,728,000	5,926,906,000	5,926,906,000	6,286,905,000	6,286,905,000	5,614,654,000	5,614,654,000	3,787,072,000	3,787,072,000	3,473,273,000	3,473,273,000	1,559,899,000	1,559,899,000	1,424,532,000	1,424,532,000	2,410,346,000	2,410,346,000	2,192,634,000	2,192,634,000	3,161,510,000	3,161,510,000	3,219,784,000	3,219,784,000	2,376,322,000	2,376,322,000	2,628,847,000	2,628,847,000	2,455,595,000	2,455,595,000	2,357,130,000	2,357,130,000	2,213,970,000	2,213,970,000	2,136,749,000	2,136,749,000	1,983,879,000	1,983,879,000	2,011,097,000	2,011,097,000	2,002,821,000	2,002,821,000	570,506,000	570,506,000	469,185,000	469,185,000	521,083,000	521,083,000	239,338,000	239,338,000	318,684,000	318,684,000	273,799,000	273,799,000	175,599,000	175,599,000	140,761,000	140,761,000	140,599,000	140,599,000	32,000,000	32,000,000	32,000,000	32,000,000	123,863,334	123,863,334	82,000,000	82,000,000	82,000,000								749,654,640	761,580,600
accounts receivable	5,962,060,000	5,962,060,000	5,776,412,000	5,776,412,000	6,742,202,000	6,742,202,000	5,669,027,000	5,669,027,000	6,173,077,000	6,173,077,000	6,364,847,000	6,364,847,000	7,767,599,000	7,767,599,000	6,422,417,000	6,422,417,000	6,492,193,000	6,492,193,000	5,343,028,000	5,343,028,000	5,343,028,000	6,091,593,000	6,091,593,000	5,002,872,000	5,208,019,000	5,213,151,000	5,507,988,000	5,422,326,000	4,576,445,000	4,948,999,000	4,948,999,000	5,018,414,000	5,018,414,000	4,559,441,000	4,169,358,000	4,706,696,000	4,494,715,000	4,494,715,000	5,070,886,000	5,070,886,000	4,288,500,000	4,288,500,000	4,569,249,000	4,569,249,000	3,863,986,000	3,863,986,000	4,446,185,000	4,446,185,000	3,619,725,000	3,619,725,000	3,259,524,000	3,259,524,000	3,403,854,000	3,403,854,000	3,682,936,000	3,682,936,000	4,251,297,000	4,251,297,000	2,661,949,000	2,661,949,000	2,491,142,000	2,491,142,000	2,416,859,000	2,416,859,000	2,614,149,000	2,614,149,000	1,942,200,000	1,942,200,000	1,774,275,000	1,774,275,000	891,183,000	891,183,000	873,137,000	873,137,000	768,138,000	768,138,000	568,011,000	568,011,000	361,801,000	361,801,000	402,511,000	402,511,000	399,718,000	399,718,000	327,405,000	327,405,000	197,257,000	197,257,000	269,485,000	269,485,000	305,510,000	305,510,000	274,174,000	274,174,000	201,016,000	201,016,000	230,047,000	230,047,000	231,167,000	231,167,000	190,143,000	190,143,000	181,098,000	181,098,000	256,335,000	256,335,000	188,714,000	188,714,000	196,321,000	143,079,000	187,339,985	187,339,985	117,489,521	133,682,801	113,017,895	231,030,576	231,030,576	218,099,421	193,788,408	114,357,426	166,727,514	166,727,514	137,729,916	121,952,397	131,724,899	76,278,041	131,724,899	131,724,899	117,779,247	96,535,065	61,778,934	69,631,541		75,037,990		63,848,905	56,304,762		91,603,449	78,228,436
inventories	637,325,000	637,325,000	591,756,000	591,756,000	517,787,000	517,787,000	571,548,000	571,548,000	613,685,000	613,685,000	574,441,000	574,441,000	603,981,000	603,981,000	695,374,000	695,374,000	721,958,000	721,958,000	806,960,000	806,960,000	806,960,000	876,303,000	876,303,000	993,636,000	932,905,000	843,767,000	964,733,000	1,038,607,000	621,207,000	524,360,000	524,360,000	558,789,000	558,789,000	562,117,000	650,557,000	686,749,000						5,017,823,000	6,291,106,000	6,291,106,000						5,474,929,000								1,578,130,000								817,765,000
prepayments and other current assets	6,863,085,000	6,863,085,000	6,161,982,000	6,161,982,000	6,654,459,000	6,654,459,000	6,416,868,000	6,416,868,000	6,811,171,000	6,811,171,000	5,487,749,000	5,487,749,000	5,769,626,000	5,769,626,000	6,076,595,000	6,076,595,000	6,483,086,000	6,483,086,000	5,352,876,000	5,352,876,000	5,352,876,000	5,051,010,000	5,051,010,000	5,448,284,000	6,371,412,000	7,317,644,000	6,235,857,000	7,688,224,000	6,112,433,000	7,005,805,000	7,005,805,000	6,014,017,000	6,014,017,000	6,060,421,000	4,817,422,000	11,823,684,000	4,718,971,000	4,718,971,000	5,382,188,000	5,382,188,000	4,627,797,000	4,627,797,000	4,710,367,000	4,710,367,000	4,422,491,000	4,422,491,000	4,716,200,000	4,716,200,000	3,816,028,000	3,816,028,000	8,601,166,000	8,601,166,000	7,461,394,000	7,461,394,000	6,572,216,000	6,572,216,000	5,276,082,000	3,697,952,000	4,355,399,000	4,355,399,000	4,439,099,000	4,439,099,000	3,860,227,000	3,860,227,000	3,513,275,000	2,695,510,000	3,478,137,000	3,478,137,000	3,101,900,000	3,101,900,000	1,761,537,000	1,761,537,000	1,451,919,000	1,451,919,000	1,383,081,000	1,383,081,000	1,237,957,000	1,237,957,000	1,160,336,000	1,160,336,000	1,144,272,000	1,144,272,000	1,112,194,000	1,112,194,000	1,162,439,000	1,162,439,000	1,229,315,000	1,229,315,000	1,121,784,000	1,121,784,000	1,145,438,000	1,145,438,000	856,354,000	856,354,000	815,105,000	815,105,000	900,464,000	900,464,000	963,896,000	963,896,000	610,904,000	610,904,000	719,845,000	719,845,000	654,417,000	678,793,000	679,015,000	679,015,000	332,397,000	472,035,000	568,125,100	568,125,100	446,902,146	195,913,131	137,667,769	104,092,051	104,092,051	57,318,923	51,984,984	48,883,807	45,143,728	45,143,728	68,962,853	71,545,877	33,913,350	53,315,255	33,913,350	33,913,350	71,373,186	56,195,663	52,365,596	30,021,448	30,021,448	33,020,119	20,722,068	24,473,835	20,722,068	20,722,068	26,443,858	41,596,185	19,749,369
short-term investments	24,214,436,000	24,214,436,000	16,980,429,000	16,980,429,000	17,357,707,000	17,357,707,000	10,756,143,000	10,756,143,000	12,607,188,000	12,607,188,000	10,417,802,000	10,417,802,000	2,095,218,000	2,095,218,000	4,436,057,000	4,436,057,000	8,536,188,000	8,536,188,000	6,846,342,000	6,846,342,000	6,846,342,000	8,379,470,000	8,379,470,000	7,622,673,000	8,934,202,000	10,166,531,000	12,281,548,000	9,654,207,000	13,273,026,000	12,294,335,000	12,294,335,000	19,199,417,000	19,199,417,000	19,373,366,000	15,312,595,000	19,416,209,000	19,438,957,000	19,438,957,000	14,418,356,000	14,418,356,000	11,674,775,000	11,674,775,000	11,337,409,000	11,337,409,000	12,396,615,000	12,396,615,000	11,100,719,000	11,100,719,000	9,742,663,000	9,742,663,000	7,963,448,000	7,963,448,000	12,780,431,000	12,780,431,000	11,068,042,000	11,068,042,000	11,582,116,000	11,582,116,000	10,715,276,000	10,715,276,000	8,481,867,000	8,481,867,000	6,556,254,000	6,556,254,000	5,013,499,000	5,013,499,000	4,392,847,000	4,392,847,000	2,450,798,000	2,450,798,000	2,016,212,000	2,016,212,000	2,058,552,000	2,058,552,000	1,681,380,000	1,681,380,000	1,610,451,000	1,610,451,000	1,452,815,000	1,452,815,000	901,183,000	901,183,000	958,603,000	958,603,000	1,439,244,000	1,439,244,000	926,819,000	926,819,000	1,073,539,000	1,073,539,000	621,563,000	621,563,000	1,049,456,000	1,049,456,000	1,214,989,000	1,214,989,000
total current assets	171,209,797,000	171,209,797,000	162,950,112,000	162,950,112,000	157,670,710,000	157,670,710,000	153,324,656,000	153,324,656,000	140,578,661,000	140,578,661,000	138,153,130,000	138,153,130,000	151,792,243,000	151,792,243,000	142,692,585,000	142,692,585,000	127,565,427,000	127,565,427,000	124,223,852,000	124,223,852,000	124,223,852,000	135,547,292,000	135,547,292,000	131,603,199,000	131,592,030,000	128,009,165,000	113,120,254,000	108,943,566,000	107,831,043,000	113,765,137,000	113,765,137,000	111,113,047,000	111,113,047,000	90,221,140,000	85,105,012,000	82,546,021,000	73,043,425,000	73,043,425,000	71,646,856,000	71,646,856,000	68,715,720,000	68,715,720,000	62,950,752,000	62,950,752,000	62,374,252,000	62,374,252,000	63,382,840,000	63,382,840,000	61,947,760,000	61,947,760,000	58,827,390,000	58,827,390,000	57,620,381,000	57,620,381,000	54,185,325,000	54,185,325,000	49,919,704,000	49,919,704,000	39,865,791,000	39,865,791,000	36,949,039,000	36,949,039,000	36,095,066,000	36,095,066,000	34,408,924,000	34,408,924,000	33,219,183,000	33,219,183,000	31,297,440,000	31,297,440,000	28,955,166,000	28,955,166,000	27,732,522,000	27,732,522,000	26,162,503,000	26,162,503,000	24,858,113,000	24,858,113,000	23,677,715,000	23,677,715,000	22,797,763,000	22,797,763,000	21,378,220,000	21,378,220,000	20,944,779,000	20,944,779,000	19,873,479,000	19,873,479,000	17,868,673,000	17,868,673,000	16,993,024,000	16,993,024,000	16,149,020,000	16,149,020,000	15,282,299,000	15,282,299,000	14,474,186,000	14,474,186,000	13,504,042,000	13,504,042,000	12,324,457,000	12,324,457,000	11,481,264,000	11,481,264,000	10,602,519,000	10,626,895,000	9,768,306,000	9,768,306,000	8,951,155,000	8,392,155,000	7,972,561,698	7,972,561,698	7,028,338,556	6,582,072,825	6,323,605,967	5,973,779,491	5,973,779,491	5,584,131,924	5,254,838,745	4,722,178,686	4,436,293,120	4,436,293,120	4,054,614,318	3,195,849,991	4,129,185,930	4,176,084,729	4,124,609,208	4,129,185,930	3,992,741,122	3,781,538,754	3,901,622,403	3,497,302,824	3,497,302,824	2,848,507,106	2,366,450,367	2,595,125,975	2,366,450,367	2,366,450,367	2,210,199,025	2,083,665,174	1,732,764,591
non-current assets:
property, equipment and software	8,517,182,000	8,517,182,000	8,447,022,000	8,447,022,000	8,454,460,000	8,454,460,000	8,520,101,000	8,520,101,000	8,200,464,000	8,200,464,000	8,092,032,000	8,092,032,000	8,056,689,000	8,056,689,000	8,075,044,000	8,075,044,000	7,582,320,000	7,582,320,000	7,347,204,000	7,347,204,000	7,347,204,000	6,617,950,000	6,617,950,000	6,342,330,000	6,165,151,000	6,022,365,000	5,433,858,000	4,956,832,000	4,555,406,000	4,439,270,000	4,439,270,000	4,416,247,000	4,416,247,000	4,569,982,000	4,621,712,000	4,708,165,000	5,477,572,000	5,477,572,000	5,432,244,000	5,432,244,000	5,378,560,000	5,378,560,000	5,305,776,000	5,305,776,000	4,873,181,000	4,873,181,000	4,261,599,000	4,261,599,000	3,769,326,000	3,769,326,000	3,356,472,000	3,356,472,000	2,981,909,000	2,981,909,000	2,686,001,000	2,686,001,000	2,419,510,000	2,419,510,000	2,162,822,000	2,162,822,000	2,061,630,000	2,061,630,000	2,010,962,000	2,010,962,000	2,092,046,000	2,092,046,000	1,817,592,000	1,817,592,000	1,636,218,000	1,636,218,000	1,327,327,000	1,327,327,000	1,281,225,000	1,281,225,000	1,024,763,000	1,024,763,000	936,334,000	936,334,000	863,690,000	863,690,000	872,113,000	872,113,000	814,110,000	814,110,000	816,242,000	816,242,000	816,801,000	816,801,000	815,026,000	815,026,000	806,665,000	806,665,000	791,541,000	791,541,000	814,897,000	814,897,000	848,469,000	848,469,000	756,165,000	756,165,000	777,085,000	777,085,000	765,933,000	765,933,000	755,778,000	755,778,000	692,174,000	692,174,000	662,237,000	562,351,000	557,755,641	557,755,641	531,139,240	475,261,632	260,052,681	258,787,534	258,787,534	217,705,609	177,187,171	178,745,154	183,471,666	183,471,666	198,828,716	207,293,823	224,207,833	221,572,914	224,207,833	224,207,833	195,172,224	149,268,568	133,913,176	126,341,533	126,341,533	103,856,834	77,303,013	90,040,487	77,303,013	77,303,013	75,162,261	60,846,415	40,410,264
land use rights	4,078,719,000	4,078,719,000	4,111,093,000	4,111,093,000	4,140,969,000	4,140,969,000	4,172,465,000	4,172,465,000	4,204,865,000	4,204,865,000	4,022,255,000	4,022,255,000	4,048,518,000	4,048,518,000	4,075,143,000	4,075,143,000	4,109,744,000	4,109,744,000	4,147,468,000	4,147,468,000	4,147,468,000	4,122,407,000	4,122,407,000	4,121,767,000											3,707,179,000							3,502,569,000
deferred tax assets	2,612,046,000	2,612,046,000	2,190,156,000	2,190,156,000	1,283,673,000	1,283,673,000	1,113,435,000	1,113,435,000	1,173,270,000	1,173,270,000	1,504,697,000	1,504,697,000	1,476,100,000	1,476,100,000	1,560,088,000	1,560,088,000	1,422,599,000	1,422,599,000	1,320,697,000	1,320,697,000	1,320,697,000	1,269,291,000	1,269,291,000	1,480,789,000	1,387,083,000	1,254,640,000	1,297,954,000	1,103,624,000	1,086,759,000	892,862,000	892,862,000	790,046,000	790,046,000	934,604,000	903,904,000	797,387,000	812,129,000	812,129,000	967,499,000	967,499,000	1,064,295,000	1,064,295,000	995,592,000	995,592,000	789,535,000	789,535,000	851,584,000	851,584,000		823,495,000							536,339,000	536,339,000	428,591,000	428,591,000	406,267,000	406,267,000	387,863,000	387,863,000	410,589,000	410,589,000	328,307,000	328,307,000	295,005,000	295,005,000	195,850,000	195,850,000	202,040,000	202,040,000	135,485,000	135,485,000	135,972,000	135,972,000	119,311,000	119,311,000	129,282,000	129,282,000	154,997,000	154,997,000	147,860,000	147,860,000	144,614,000	144,614,000	143,929,000	143,929,000	137,008,000	137,008,000	144,793,000	144,793,000	128,167,000	128,167,000	111,990,000	111,990,000	133,733,000	133,733,000	111,535,000	111,535,000	80,268,000	80,268,000	72,059,000	72,059,000	87,146,000	87,146,000	111,464,000	66,981,000	76,564,853	76,564,853	53,526,961	41,277,219	42,408,242	25,248,842	25,248,842	29,846,484	53,998,465	72,683,739	65,787,113	65,787,113	19,817,948	21,878,296	25,674,468	26,004,827	21,097,746	25,674,468	19,740,103	17,348,300	20,958,405	19,929,499	19,929,499	15,740,936		21,179,397			3,205,911	4,834,771	9,669,543
other long-term assets	25,222,219,000	25,222,219,000	27,860,004,000	27,860,004,000	26,278,094,000	26,278,094,000	25,830,685,000	5,083,258,000	26,708,737,000	26,708,737,000	27,627,257,000	27,627,257,000	28,638,072,000	28,638,072,000	28,471,568,000	5,939,106,000	28,673,785,000	28,673,785,000	28,184,371,000	28,184,371,000	28,184,371,000	27,952,374,000	27,952,374,000	6,806,455,000	24,954,210,000	24,261,773,000	23,857,510,000	21,717,108,000	17,593,117,000	17,184,276,000	17,184,276,000	16,805,584,000	16,805,584,000	15,390,121,000	5,666,610,000	14,418,332,000	9,866,660,000	9,866,660,000	9,793,274,000	9,793,274,000	8,206,784,000	2,960,676,000	7,066,259,000	7,066,259,000	6,626,149,000	6,626,149,000	4,539,050,000	4,539,050,000	3,797,355,000	1,112,579,000	3,040,485,000	3,040,485,000	2,683,377,000	2,683,377,000	2,504,367,000	2,504,367,000	2,469,775,000	499,748,000	2,538,794,000	2,538,794,000	1,962,768,000	1,962,768,000	2,073,674,000	2,073,674,000	2,082,897,000	318,245,000	1,498,285,000	1,498,285,000	1,683,621,000	1,683,621,000	626,729,000	626,729,000	569,116,000	569,116,000	550,325,000	550,325,000	453,615,000	453,615,000	357,775,000	357,775,000	342,098,000	342,098,000	329,286,000	329,286,000	94,594,000	94,594,000	87,548,000	87,548,000	90,513,000	90,513,000	87,660,000	87,660,000	71,982,000	71,982,000	69,199,000	69,199,000	58,940,000	58,940,000	65,729,000	65,729,000	66,459,000	66,459,000	52,274,000	52,274,000	45,776,000	45,776,000	44,908,000	44,908,000	42,958,000	43,873,000	43,811,015	43,811,015	48,087,530	48,675,856	52,937,596	57,411,308	57,411,308	46,178,154	16,630,620	17,612,114	14,895,441	16,844,399	11,741,367	11,699,281	11,458,497	11,505,782	11,458,497	11,458,497
total non-current assets	43,279,066,000	43,279,066,000	45,548,541,000	45,548,541,000	43,187,422,000	43,187,422,000	42,666,894,000	42,666,894,000	44,317,613,000	44,317,613,000	45,189,491,000	45,189,491,000	43,272,629,000	43,272,629,000	43,232,393,000	43,232,393,000	44,009,578,000	44,009,578,000	43,681,870,000	43,681,870,000	43,681,870,000	42,694,152,000	42,694,152,000	41,157,786,000	41,115,641,000	40,170,421,000	40,523,670,000	38,844,738,000	34,043,539,000	30,966,507,000	30,966,507,000	33,057,207,000	33,057,207,000	28,432,678,000	27,019,359,000	23,277,797,000	19,756,878,000	19,756,878,000	19,792,465,000	19,792,465,000	18,252,208,000	18,252,208,000	17,038,235,000	17,038,235,000	13,025,816,000	13,025,816,000	10,392,534,000	10,392,534,000	9,083,655,000	9,083,655,000	7,672,133,000	7,672,133,000	7,582,572,000	7,582,572,000	8,669,269,000	8,669,269,000	8,112,156,000	8,112,156,000	9,789,632,000	9,789,632,000	8,816,060,000	8,816,060,000	7,143,397,000	7,143,397,000	6,748,506,000	6,748,506,000	3,987,402,000	3,987,402,000	3,704,288,000	3,704,288,000	2,441,608,000	2,441,608,000	2,622,149,000	2,622,149,000	2,280,574,000	2,280,574,000	2,417,641,000	2,417,641,000	2,138,200,000	2,138,200,000	1,748,567,000	1,748,567,000	1,608,114,000	1,608,114,000	1,037,647,000	1,037,647,000	1,031,255,000	1,031,255,000	1,409,283,000	1,409,283,000	1,448,387,000	1,448,387,000	1,370,707,000	1,370,707,000	1,358,354,000	1,358,354,000	970,745,000	970,745,000	958,718,000	958,718,000	1,003,072,000	1,003,072,000	960,510,000	960,510,000	959,767,000	959,767,000	912,498,000	912,498,000	902,520,000	816,315,000	830,907,141	830,907,141	918,110,648	866,674,764	451,360,709	372,113,812	372,113,812	326,145,722	229,028,674	246,677,592	249,366,261	249,366,261	250,022,899	1,012,370,116	244,521,900	236,529,278	245,706,868	244,521,900					127,682,695		83,690,031			83,690,031			53,927,501
total assets	214,488,863,000	214,488,863,000	208,498,653,000	208,498,653,000	200,858,132,000	200,858,132,000	195,991,550,000	195,991,550,000	184,896,274,000	184,896,274,000	183,342,621,000	183,342,621,000	195,064,872,000	195,064,872,000	185,924,978,000	185,924,978,000	171,575,005,000	171,575,005,000	167,905,722,000	167,905,722,000	167,905,722,000	178,241,444,000	178,241,444,000	172,760,985,000	172,707,671,000	168,179,586,000	153,643,924,000	147,788,304,000	141,874,582,000	144,731,644,000	144,731,644,000	144,170,254,000	144,170,254,000	118,653,818,000	112,124,371,000	105,823,818,000	92,800,303,000	92,800,303,000	91,439,321,000	91,439,321,000	86,967,928,000	86,967,928,000	79,988,987,000	79,988,987,000	75,400,068,000	75,400,068,000	73,775,374,000	73,775,374,000	71,031,415,000	71,031,415,000	66,499,523,000	66,499,523,000	65,202,953,000	65,202,953,000	62,854,594,000	62,854,594,000	58,031,860,000	58,031,860,000	49,655,423,000	49,655,423,000	45,765,099,000	45,765,099,000	43,238,463,000	43,238,463,000	41,157,430,000	41,157,430,000	37,206,585,000	37,206,585,000	35,001,728,000	35,001,728,000	31,396,774,000	31,396,774,000	30,354,671,000	30,354,671,000	28,443,077,000	28,443,077,000	27,275,754,000	27,275,754,000	25,815,915,000	25,815,915,000	24,546,330,000	24,546,330,000	22,986,334,000	22,986,334,000	21,982,426,000	21,982,426,000	20,904,734,000	20,904,734,000	19,277,956,000	19,277,956,000	18,441,411,000	18,441,411,000	17,519,727,000	17,519,727,000	16,640,653,000	16,640,653,000	15,444,931,000	15,444,931,000	14,462,760,000	14,462,760,000	13,327,529,000	13,327,529,000	12,441,774,000	12,441,774,000	11,562,286,000	11,586,662,000	10,680,804,000	10,680,804,000	9,853,675,000	9,208,470,000	8,803,468,839	8,803,468,839	7,946,449,204	7,448,747,589	6,774,966,676	6,345,893,303	6,345,893,303	5,910,277,646	5,483,867,419	4,968,856,278	4,685,659,381	4,685,659,381	4,304,637,217	4,208,220,107	4,373,707,830	4,412,614,007	4,370,316,076	4,373,707,830	4,202,411,802	3,966,238,686	4,047,441,577	3,624,985,519	3,624,985,519	2,953,746,019	2,450,140,398	2,689,768,113	2,450,140,398	2,450,140,398	2,293,436,961	2,154,547,245	1,786,692,092
liabilities, redeemable noncontrolling interests and shareholders’ equity
current liabilities:
accounts payable	718,393,000	718,393,000	695,414,000	695,414,000	565,140,000	565,140,000	720,549,000	720,549,000	755,372,000	755,372,000	792,003,000	792,003,000	871,430,000	871,430,000	881,016,000	881,016,000	863,331,000	863,331,000	740,607,000	740,607,000	740,607,000	831,118,000	831,118,000	1,507,141,000	867,298,000	942,070,000	985,059,000	1,098,916,000	1,134,413,000	997,099,000	997,099,000	853,745,000	853,745,000	1,197,007,000	1,212,303,000	1,219,413,000	2,609,491,000	2,609,491,000	2,949,296,000	2,949,296,000	2,384,818,000	2,384,818,000	2,574,525,000	2,574,525,000	2,308,212,000	2,308,212,000	2,365,787,000	2,365,787,000	2,442,531,000	2,442,531,000	2,068,879,000	2,068,879,000	1,898,547,000	1,898,547,000	1,579,173,000	1,579,173,000	1,396,187,000	1,396,187,000	762,187,000	762,187,000	725,593,000	725,593,000	924,746,000	924,746,000	700,600,000	700,600,000	514,962,000	514,962,000	366,466,000	366,466,000	366,179,000	366,179,000	410,722,000	410,722,000	272,366,000	272,366,000	255,499,000	255,499,000	210,919,000	210,919,000	219,259,000	219,259,000	163,445,000	163,445,000	162,844,000	162,844,000	121,921,000	121,921,000	157,764,000	157,764,000	124,223,000	124,223,000	104,062,000	104,062,000	142,554,000	142,554,000	134,217,000	134,217,000	127,466,000	127,466,000	123,366,000	123,366,000	107,854,000	107,854,000	130,558,000	130,558,000	95,612,000	95,612,000	103,332,000	131,414,000	238,434,710	238,434,710	173,018,710	224,254,641	100,517,356	119,829,878	119,829,878	160,056,476	106,281,532	87,189,714	89,143,868	89,143,868	88,763,443	103,931,120	105,555,248	70,849,229	105,555,248	105,555,248				28,848,690	28,848,690		19,344,096		19,344,098	19,344,096	18,818,350	19,791,216	10,738,090
salary and welfare payables	3,004,519,000	3,004,519,000	3,560,061,000	3,560,061,000	2,614,923,000	2,614,923,000	4,683,009,000	4,683,009,000	2,941,618,000	2,941,618,000	3,606,360,000	3,606,360,000	2,700,087,000	2,700,087,000	4,857,206,000	4,857,206,000	2,833,841,000	2,833,841,000	3,386,236,000	3,386,236,000	3,386,236,000	2,572,177,000	2,572,177,000	4,732,941,000	2,701,749,000	3,211,330,000	4,133,254,000	2,584,787,000	3,538,732,000	2,130,624,000	2,130,624,000	2,570,216,000	2,570,216,000	2,429,147,000	2,957,360,000	1,914,963,000	2,495,378,000	2,495,378,000	2,436,531,000	2,436,531,000	2,991,897,000	2,991,897,000	2,681,013,000	2,681,013,000	2,084,242,000	2,084,242,000	1,955,058,000	1,955,058,000	2,189,110,000	2,189,110,000	1,386,495,000	1,386,495,000	1,564,014,000	1,564,014,000	1,330,590,000	1,330,590,000	1,491,448,000	1,491,448,000	786,573,000	786,573,000	926,266,000	926,266,000	792,611,000	792,611,000	920,982,000	920,982,000	522,754,000	522,754,000	562,973,000	562,973,000	462,080,000	462,080,000	534,565,000	534,565,000	308,331,000	308,331,000	352,556,000	352,556,000	299,293,000	299,293,000	377,117,000	377,117,000	222,715,000	222,715,000	268,995,000	268,995,000	229,151,000	229,151,000	289,848,000	289,848,000	178,399,000	178,399,000	207,961,000	207,961,000	179,484,000	179,484,000	244,398,000	244,398,000	195,823,000	195,823,000	157,673,000	157,673,000	117,039,000	117,039,000	181,973,000	181,973,000	93,526,000	93,526,000	109,729,000	88,553,000	129,493,530	129,493,530	63,842,731	79,442,922	57,406,869	94,922,963		53,761,507	66,705,318	51,310,397	68,653,742		43,493,267	54,216,245		48,999,937
taxes payable	4,312,685,000	4,312,685,000	3,796,135,000	3,796,135,000	4,557,696,000	4,557,696,000	2,759,185,000	2,759,185,000	2,606,842,000	2,606,842,000	2,381,220,000	2,381,220,000	3,844,879,000	3,844,879,000	2,571,534,000	2,571,534,000	3,072,590,000	3,072,590,000	2,560,047,000	2,560,047,000	2,560,047,000	3,547,553,000	3,547,553,000	2,813,096,000	3,740,750,000	3,260,873,000	4,537,050,000	4,009,110,000	4,282,835,000	4,062,230,000	4,062,230,000	3,822,542,000	3,822,542,000	4,390,606,000	3,156,513,000	2,988,084,000	2,375,743,000	2,375,743,000	3,209,566,000	3,209,566,000	2,272,023,000	2,272,023,000	1,830,483,000	1,830,483,000	1,128,385,000	1,128,385,000	2,060,103,000	2,060,103,000	1,564,692,000	1,564,692,000	970,515,000	970,515,000	1,548,092,000	1,548,092,000	2,501,905,000	2,501,905,000	1,722,501,000	1,722,501,000	1,055,490,000	1,055,490,000	935,372,000	935,372,000	1,092,748,000	1,092,748,000	736,214,000	736,214,000	591,452,000	591,452,000	491,282,000	491,282,000	513,288,000	513,288,000	334,290,000	334,290,000	273,367,000	273,367,000	241,625,000	241,625,000	206,045,000	206,045,000	74,463,000	74,463,000	336,712,000	336,712,000	466,284,000	466,284,000	384,921,000	384,921,000	389,465,000	389,465,000	385,433,000	385,433,000	367,774,000	367,774,000	412,508,000	412,508,000	391,769,000	391,769,000	377,350,000	377,350,000	303,727,000	303,727,000	294,399,000	294,399,000	264,956,000	289,332,000	245,452,000	245,452,000	238,354,000	210,143,000	213,727,123	213,727,123	162,096,012	170,563,607	133,956,900	104,754,356	104,754,356	178,726,735	179,856,649	161,111,117	92,438,670	92,438,670	80,602,592	71,412,637	95,476,498	71,778,647	95,476,498	95,476,498	94,340,718	81,891,610	95,080,054	83,828,862	83,828,862	71,875,466	44,009,342	72,844,374	44,009,342	44,009,342	38,644,302	43,550,206	15,976,342
short-term loans	7,349,967,000	7,349,967,000	11,276,303,000	11,276,303,000	9,824,016,000	9,824,016,000	11,805,051,000	11,805,051,000	10,594,342,000	10,594,342,000	13,187,247,000	13,187,247,000	24,843,410,000	24,843,410,000	19,240,163,000	19,240,163,000	11,221,194,000	11,221,194,000	11,881,623,000	11,881,623,000	11,881,623,000	27,392,771,000	27,392,771,000	23,875,704,000	25,445,617,000	28,027,125,000	19,352,313,000	19,614,143,000	19,504,696,000	22,247,523,000	22,247,523,000	21,932,603,000	21,932,603,000	19,624,535,000	16,828,226,000	15,494,839,000	13,553,805,000	13,553,805,000	14,134,554,000	14,134,554,000	13,658,554,000	13,658,554,000	13,645,930,000	13,645,930,000	12,725,741,000	12,725,741,000	9,516,159,000	9,516,159,000	6,623,502,000	6,623,502,000	5,732,593,000	5,732,593,000	5,377,687,000	5,377,687,000	4,483,442,000	4,483,442,000	3,815,691,000	3,815,691,000	3,005,010,000	3,005,010,000						2,272,760,000
contract liabilities	19,473,595,000	19,473,595,000	16,966,562,000	16,966,562,000	17,748,602,000	17,748,602,000	15,299,222,000	15,299,222,000	15,543,023,000	15,543,023,000	13,615,857,000	13,615,857,000	14,911,048,000	14,911,048,000	13,362,166,000	13,362,166,000	14,188,592,000	14,188,592,000	12,943,844,000	12,943,844,000	12,943,844,000	12,997,793,000	12,997,793,000	12,518,890,000	13,901,882,000	12,316,763,000
accrued liabilities and other payables	15,229,406,000	15,229,406,000	14,157,432,000	14,157,432,000	13,827,806,000	13,827,806,000	14,400,641,000	14,229,032,000	13,270,811,000	13,270,811,000	12,345,208,000	12,345,208,000	12,878,519,000	12,878,519,000	12,930,399,000	12,670,906,000	11,689,169,000	11,689,169,000	10,826,617,000	10,826,617,000	10,826,617,000	10,839,222,000	10,839,222,000	11,122,022,000	10,371,294,000	9,686,526,000	9,360,907,000	8,130,628,000	7,337,672,000	7,114,994,000	7,114,994,000	6,640,467,000	6,640,467,000	5,784,678,000	5,292,774,000	4,797,203,000	5,335,315,000	5,335,315,000	5,149,503,000	5,149,503,000	5,848,463,000	5,848,463,000	5,024,653,000	5,024,653,000	5,018,767,000	5,018,767,000	4,890,544,000	4,890,544,000	4,692,310,000	4,692,310,000	3,771,389,000	3,771,389,000	3,688,146,000	3,688,146,000	3,334,432,000	3,334,432,000	3,219,419,000	3,219,419,000	2,957,789,000	2,957,789,000	2,772,496,000	2,772,496,000	2,219,895,000	2,219,895,000	2,218,330,000	2,218,330,000	1,823,686,000	1,823,686,000	1,620,409,000	1,620,409,000	1,695,879,000	1,695,879,000	1,357,228,000	1,357,228,000	1,262,387,000	1,262,387,000	1,141,873,000	1,141,873,000	1,133,024,000	1,133,024,000	957,299,000	957,299,000	860,773,000	860,773,000	839,122,000	839,122,000	941,119,000	941,119,000	764,473,000	764,473,000	693,305,000	693,305,000	614,363,000	614,363,000	642,271,000	642,271,000	498,120,000	498,120,000	539,618,000	539,618,000	468,356,000	468,356,000	490,300,000	490,300,000	452,412,000	452,412,000	461,482,000	461,482,000	332,712,000	236,030,000	212,800,237	212,800,237
total current liabilities	50,088,565,000	50,088,565,000	50,451,907,000	50,451,907,000	49,138,183,000	49,138,183,000	49,667,657,000	49,667,657,000	45,712,008,000	45,712,008,000	45,927,895,000	45,927,895,000	60,049,373,000	60,049,373,000	53,842,484,000	53,842,484,000	43,868,717,000	43,868,717,000	42,338,974,000	42,338,974,000	42,338,974,000	58,180,634,000	58,180,634,000	56,828,847,000	57,028,590,000	57,444,687,000	50,501,326,000	49,008,285,000	46,743,491,000	46,928,909,000	46,928,909,000	45,195,482,000	45,195,482,000	43,407,413,000	38,243,013,000	34,610,569,000	33,932,654,000	33,932,654,000	36,229,397,000	36,229,397,000	35,109,010,000	35,109,010,000	33,124,259,000	33,124,259,000	29,620,719,000	29,620,719,000	27,879,095,000	27,879,095,000	23,750,114,000	23,750,114,000	20,095,868,000	20,095,868,000	20,189,449,000	20,189,449,000	20,186,976,000	20,186,976,000	19,534,998,000	19,534,998,000	14,361,393,000	14,361,393,000	12,811,331,000	12,811,331,000	12,002,601,000	12,002,601,000	11,667,423,000	11,667,423,000	9,894,502,000	9,894,502,000	9,044,602,000	9,044,602,000	6,594,377,000	6,594,377,000	6,756,447,000	6,756,447,000	6,064,973,000	6,064,973,000	5,851,202,000	5,851,202,000	5,414,329,000	5,414,329,000	4,233,184,000	4,233,184,000	3,981,508,000	3,981,508,000	4,084,033,000	4,084,033,000	4,155,169,000	4,155,169,000	3,576,502,000	3,576,502,000	2,537,914,000	2,537,914,000	2,433,472,000	2,433,472,000	2,462,267,000	2,462,267,000	2,282,577,000	2,282,577,000	2,258,107,000	2,258,107,000	1,978,150,000	1,978,150,000	1,874,651,000	1,874,651,000	1,803,851,000	1,828,227,000	1,662,726,000	1,662,726,000	1,450,361,000	1,322,755,000	1,377,925,128	1,377,925,128	1,087,855,201	989,960,784	828,078,752	829,048,062	829,048,062	892,295,454	1,234,405,219	1,346,913,067	1,276,825,952	1,276,825,952	1,279,915,602	582,226,354	676,408,475	560,689,086	673,016,721	676,408,475	502,366,122	490,276,016	506,804,762	415,479,050	415,479,050	344,078,678	257,495,300	330,114,621	257,495,302	257,495,300	238,193,767	209,282,568	77,766,228
non-current liabilities:
deferred tax liabilities	2,212,733,000	2,212,733,000	2,724,485,000	2,724,485,000	2,671,570,000	2,671,570,000	2,173,117,000	2,173,117,000	1,828,869,000	1,828,869,000	1,448,781,000	1,448,781,000	2,700,293,000	2,700,293,000	2,299,303,000	2,299,303,000	2,005,689,000	2,005,689,000	2,209,583,000	2,209,583,000	2,209,583,000	2,492,242,000	2,492,242,000	2,126,120,000	1,354,827,000	1,448,250,000	1,345,874,000	1,582,558,000	713,439,000	533,208,000	533,208,000	980,530,000	980,530,000	625,578,000	382,030,000	779,827,000	911,522,000	911,522,000	600,433,000	600,433,000	393,681,000	393,681,000	458,347,000	458,347,000	447,148,000	447,148,000	277,696,000	277,696,000		213,215,000							358,514,000	358,514,000	267,711,000	267,711,000	196,194,000	196,194,000	128,524,000	128,524,000	166,787,000	166,787,000	104,455,000	104,455,000	55,056,000	55,056,000	136,088,000	136,088,000	101,997,000	101,997,000	137,214,000	137,214,000	106,313,000	106,313,000	178,847,000	178,847,000	148,506,000	148,506,000	94,299,000	94,299,000	137,202,000	137,202,000	263,462,000	263,462,000													309,000	309,000	2,237,000	2,237,000	1,455,000	1,455,000																			3,391,754	4,089,877		3,391,754	4,474,045	3,994,346	3,947,885	3,940,854	3,940,854
long-term loans							427,997,000	427,997,000	427,997,000	427,997,000	427,997,000	427,997,000	427,997,000	427,997,000	427,997,000	427,997,000	427,997,000	427,997,000	3,953,664,000	3,953,664,000	3,953,664,000	3,730,073,000	3,730,073,000	3,654,964,000	3,549,900,000	3,355,700,000
other long-term liabilities	1,255,583,000	1,255,583,000	1,218,109,000	1,218,109,000	1,179,135,000	1,179,135,000	1,228,641,000	816,041,000	1,199,075,000	1,199,075,000	1,192,543,000	1,192,543,000	1,248,717,000	1,248,717,000	1,271,113,000	715,284,000	1,327,427,000	1,327,427,000	1,137,672,000	1,137,672,000	1,137,672,000	1,165,017,000	1,165,017,000	604,934,000	1,125,227,000		1,097,708,000
total non-current liabilities	3,468,316,000	3,468,316,000	3,942,594,000	3,942,594,000	3,850,705,000	3,850,705,000	3,829,755,000	3,829,755,000	3,455,941,000	3,455,941,000	3,069,321,000	3,069,321,000	4,377,007,000	4,377,007,000	3,998,413,000	3,998,413,000	3,761,113,000	3,761,113,000	7,300,919,000	7,300,919,000	7,300,919,000	7,387,332,000	7,387,332,000	7,058,658,000	6,029,954,000	5,827,830,000	3,718,722,000	2,329,818,000	1,337,167,000	1,047,971,000	1,047,971,000	1,457,170,000	1,457,170,000	1,052,854,000	839,903,000	1,207,235,000
total liabilities	53,556,881,000	53,556,881,000	54,394,501,000	54,394,501,000	52,988,888,000	52,988,888,000	53,497,412,000	53,497,412,000	49,167,949,000	49,167,949,000	48,997,216,000	48,997,216,000	64,426,380,000	64,426,380,000	57,840,897,000	57,840,897,000	47,629,830,000	47,629,830,000	49,639,893,000	49,639,893,000	49,639,893,000	65,567,966,000	65,567,966,000	63,887,505,000	63,058,544,000	63,272,517,000	54,220,048,000	51,338,103,000	48,080,658,000	47,976,880,000	47,976,880,000	46,652,652,000	46,652,652,000	44,460,267,000	39,082,916,000	35,817,804,000	35,309,690,000	35,309,690,000	37,333,008,000	37,333,008,000	35,556,347,000	35,556,347,000	33,750,049,000	33,750,049,000	30,211,853,000	30,211,853,000	28,300,644,000	28,300,644,000	23,981,579,000	23,981,579,000	20,215,512,000	20,215,512,000	20,470,830,000	20,470,830,000	20,374,367,000	20,374,367,000	19,568,919,000	19,568,919,000	14,408,880,000	14,408,880,000	12,854,283,000	12,854,283,000	12,090,118,000	12,090,118,000	11,833,831,000	11,833,831,000	9,963,454,000	9,963,454,000	9,103,126,000	9,103,126,000	6,647,309,000	6,647,309,000	6,862,877,000	6,862,877,000	6,152,567,000	6,152,567,000	5,925,291,000	5,925,291,000	5,486,426,000	5,486,426,000	4,378,067,000	4,378,067,000	4,097,750,000	4,097,750,000	4,172,716,000	4,172,716,000	4,221,283,000	4,221,283,000	3,676,470,000	3,676,470,000	2,630,325,000	2,630,325,000	2,507,983,000	2,507,983,000	2,514,348,000	2,514,348,000	2,346,467,000	2,346,467,000	2,291,400,000	2,291,400,000	2,006,698,000	2,006,698,000	1,904,559,000	1,904,559,000	1,838,648,000	1,863,024,000	1,688,094,000	1,688,094,000	1,461,825,000	1,322,955,000	1,378,125,128	1,378,125,128	1,088,055,201	990,160,784	828,278,752	829,248,062	829,248,062	892,495,454	1,244,605,219	1,357,113,067	1,287,025,952	1,287,025,952	1,290,115,602	1,268,839,114	1,468,039,649	1,257,207,197	1,464,647,895	1,468,039,649	1,303,985,298	1,300,923,386	1,319,868,940	1,233,892,158	1,233,892,158	1,183,370,340	1,096,894,878	1,169,514,200	1,096,894,880	1,096,894,878	1,077,593,345	1,048,579,065	905,667,677
redeemable noncontrolling interests	89,465,000	89,465,000	87,741,000	87,741,000	86,005,000	86,005,000	84,272,000	84,272,000	122,494,000	122,494,000	119,498,000	119,498,000	118,460,000	118,460,000	115,759,000	115,759,000	144,382,000	144,382,000	135,415,000	135,415,000	135,415,000	136,860,000	136,860,000	136,440,000	143,354,000	142,579,000	145,238,000	11,345,638,000	10,796,120,000	10,660,981,000	10,660,981,000	10,538,663,000	10,538,663,000	10,385,411,000	10,448,600,000	5,953,894,000	5,823,281,000	5,823,281,000	5,526,052,000	5,526,052,000	5,385,736,000	5,385,736,000	2,111,692,000	2,111,692,000	958,965,000	958,965,000	410,323,000	410,323,000	614,696,000	614,696,000	567,266,000	567,266,000	504,241,000	504,241,000	501,249,000	501,249,000
netease,inc.’s shareholders’ equity	156,256,172,000	156,256,172,000							132,150,155,000	132,150,155,000	130,909,906,000	130,909,906,000
noncontrolling interests	4,586,345,000	4,586,345,000	4,429,095,000	4,429,095,000	3,949,045,000	3,949,045,000	3,724,260,000	3,724,260,000	3,455,676,000	3,455,676,000	3,316,001,000	3,316,001,000	3,244,268,000	3,244,268,000	3,682,546,000	3,682,546,000	3,822,065,000	3,822,065,000	3,865,631,000	3,865,631,000	3,865,631,000	3,894,473,000	3,894,473,000	4,005,723,000	4,141,060,000	3,933,673,000	3,950,558,000	1,324,498,000	871,006,000	846,996,000	846,996,000	1,174,156,000	1,174,156,000	1,210,794,000	1,139,156,000	671,010,000	715,994,000	715,994,000	812,043,000	812,043,000	794,209,000	794,209,000	751,403,000	751,403,000	617,748,000	617,748,000	575,985,000	575,985,000	703,133,000	703,133,000	700,993,000	700,993,000	689,857,000	689,857,000	359,025,000	359,025,000	271,860,000	271,860,000	243,353,000	243,353,000	187,930,000	187,930,000	124,364,000	124,364,000	83,516,000	83,516,000	75,915,000	75,915,000	24,259,000	24,259,000	4,739,000	4,739,000
total equity	160,842,517,000	160,842,517,000	154,016,411,000	154,016,411,000	147,783,239,000	147,783,239,000	142,409,866,000	142,409,866,000	135,605,831,000	135,605,831,000	134,225,907,000	134,225,907,000	130,520,032,000	130,520,032,000	127,968,322,000	127,968,322,000	123,800,793,000	123,800,793,000	118,130,414,000	118,130,414,000	118,130,414,000	112,536,618,000	112,536,618,000	108,737,040,000
total liabilities, redeemable noncontrolling interests and shareholders’ equity	214,488,863,000	214,488,863,000	208,498,653,000	208,498,653,000	200,858,132,000	200,858,132,000	195,991,550,000	195,991,550,000	184,896,274,000	184,896,274,000			195,064,872,000	195,064,872,000	185,924,978,000	185,924,978,000	171,575,005,000	171,575,005,000	167,905,722,000		167,905,722,000	178,241,444,000	178,241,444,000	172,760,985,000	172,707,671,000	168,179,586,000	153,643,924,000	147,788,304,000	141,874,582,000	144,731,644,000	144,731,644,000	144,170,254,000	144,170,254,000	118,653,818,000	112,124,371,000	105,823,818,000	92,800,303,000	92,800,303,000	91,439,321,000	91,439,321,000	86,967,928,000	86,967,928,000	79,988,987,000	79,988,987,000	75,400,068,000	75,400,068,000	73,775,374,000	73,775,374,000	71,031,415,000	71,031,415,000	66,499,523,000	66,499,523,000	65,202,953,000	65,202,953,000	62,854,594,000	62,854,594,000
netease, inc.’s shareholders’ equity			149,587,316,000	149,587,316,000	143,834,194,000	143,834,194,000	138,685,606,000	138,685,606,000					127,275,764,000	127,275,764,000	124,285,776,000	124,285,776,000	119,978,728,000	119,978,728,000	114,264,783,000	114,264,783,000	114,264,783,000	108,642,145,000	108,642,145,000	104,731,317,000	105,364,713,000	100,830,817,000	95,328,080,000	83,780,065,000							61,453,699,000							45,231,636,000

operating lease right-of-use assets								541,071,000								749,275,000								887,977,000											463,688,000
long-term investments								20,206,356,000								21,783,187,000								18,544,358,000											9,293,868,000							5,246,108,000								2,684,776,000								1,970,027,000								1,764,652,000
short-term operating lease liabilities								171,609,000								259,493,000								259,053,000											191,454,000
long-term operating lease liabilities								412,600,000								555,829,000								672,640,000											279,949,000
commitments and contingencies
shareholders’ equity:
ordinary shares, us0.0001 par value:
1,000,300,000,000 shares authorized, 3,210,783,141 and 3,167,959,016 shares issued and outstanding as of december 31, 2023 and 2024, respectively								2,631,000
additional paid-in capital								9,860,962,000								22,604,651,000								22,854,234,000											3,913,656,000															1,753,439,000								1,637,953,000								1,779,331,000								1,226,416,000								854,878,000								1,156,681,000								1,002,336,000								850,724,000						784,488,931					578,845,159								590,597,648			590,597,648	850,158,243	1,198,122,931	1,172,542,986	1,129,733,009	1,129,733,009	1,044,361,937	1,023,954,160	1,037,057,521	1,023,954,160	1,023,954,160	1,016,734,572	1,015,935,019	993,254,740
treasury stock								-4,473,063,000								-12,694,364,000								-10,910,754,000
statutory reserves								1,954,872,000								1,541,416,000								1,278,666,000											1,215,208,000							1,214,578,000								1,206,224,000								1,160,161,000								1,010,917,000								937,282,000								878,466,000								634,108,000								472,586,000								321,968,000						225,784,155					195,872,087					168,729,214			163,117,928			163,117,928					135,238,835		90,882,108			90,882,108			33,699,834
accumulated other comprehensive income								1,006,807,000								616,780,000								431,786,000																		17,050,000								36,585,000								61,479,000																																																																1,332,300
retained earnings								130,333,397,000								112,214,583,000								91,074,675,000											56,393,640,000							43,997,388,000								42,733,081,000								35,328,812,000								26,419,698,000								21,223,973,000								18,509,161,000								14,309,609,000								11,649,092,000								8,565,446,000						6,425,840,682					4,739,076,625					3,225,838,165			2,338,108,763			2,338,108,763	2,045,757,860	1,730,977,979	1,416,867,790	1,123,210,272	1,123,210,272	632,253,626		389,454,661	235,576,828
total liabilities, redeemable noncontrolling interests and shareholders’ equity											183,342,621,000	183,342,621,000								167,905,722,000
1,000,300,000,000 shares authorized, 3,223,623,596 and 3,210,783,141 shares issued and outstanding as of december 31, 2022 and 2023, respectively																2,710,000
liabilities, redeemable noncontrolling interests and shareholders’ equity
assets held for sale																											497,000							50,751,000	271,278,000
1,000,300,000,000 shares authorized, 3,273,835,376 and 3,223,623,596 shares issued and outstanding as of december 31, 2021 and 2022, respectively																								2,710,000
land use right																									4,134,507,000	4,156,674,000	4,108,090,000	4,112,765,000	4,178,257,000	4,200,099,000	4,200,099,000	4,221,940,000	4,221,940,000	3,687,971,000		3,303,913,000	3,550,517,000	3,550,517,000	3,549,448,000	3,549,448,000	3,502,569,000		3,520,608,000	3,520,608,000	586,951,000	586,951,000	590,101,000	590,101,000	593,279,000	593,279,000	596,458,000	596,458,000	582,742,000	582,742,000	585,815,000	585,815,000	588,887,000	588,887,000	591,960,000	591,960,000	595,033,000	595,033,000	421,552,000	421,552,000	238,878,000	238,878,000	116,613,000	116,613,000	79,372,000	79,372,000	77,248,000	77,248,000	77,648,000	77,648,000	40,414,000	40,414,000	11,141,000	11,141,000	11,206,000	11,206,000	11,271,000	11,271,000	11,335,000	11,335,000	11,400,000	11,400,000	11,464,000	11,464,000	11,529,000	11,529,000	11,594,000	11,594,000	11,658,000	11,658,000	11,723,000	11,723,000	11,788,000	11,788,000	11,852,000	11,852,000	11,917,000	11,917,000	11,982,000	11,982,000	12,046,000	12,046,000	12,111,000	12,111,000	12,176,000	12,240,000	12,304,888	12,304,888	12,369,537	12,434,187	12,498,836	12,563,485	12,563,485	12,628,134
total shareholders’ equity																									109,505,773,000	104,764,490,000	99,278,638,000	85,104,563,000	82,997,804,000	86,093,783,000	86,093,783,000	86,978,939,000	86,978,939,000	63,808,140,000	62,592,855,000	64,052,120,000	51,667,332,000	51,667,332,000	48,580,261,000	48,580,261,000	46,025,845,000	46,025,845,000	44,127,246,000	44,127,246,000	44,229,250,000	44,229,250,000	45,064,407,000	45,064,407,000	46,435,140,000	46,435,140,000	45,716,745,000	45,716,745,000	44,227,882,000	44,227,882,000	41,978,978,000	41,978,978,000	38,462,941,000	38,462,941,000	35,246,543,000	35,246,543,000	32,910,816,000	32,910,816,000	31,148,345,000	31,148,345,000	29,323,599,000	29,323,599,000	27,110,013,000	27,110,013,000	25,762,864,000	25,762,864,000	24,611,763,000	24,611,763,000		23,358,160,000	22,290,510,000	22,290,510,000	21,350,463,000	21,350,463,000	20,329,489,000	20,329,489,000	20,168,263,000	20,168,263,000	18,888,584,000	18,888,584,000	17,809,710,000	17,809,710,000	16,683,451,000	16,683,451,000	15,601,486,000	15,601,486,000	15,811,086,000	15,811,086,000	15,011,744,000	15,011,744,000	14,126,305,000	14,126,305,000	13,098,464,000	13,098,464,000	12,171,360,000	12,171,360,000	11,320,831,000	11,320,831,000	10,537,215,000	10,537,215,000	9,723,638,000	9,723,638,000						7,425,343,711					5,516,435,976					3,398,425,631			2,905,668,181				2,898,426,504	2,665,315,300	2,727,572,637	2,391,093,361	2,391,093,361	1,770,375,679	1,353,245,520	1,520,253,913	1,353,245,518	1,353,245,520	1,215,843,616	1,105,968,180	881,024,415
11
other long-term payable																										1,023,880,000		747,260,000	623,728,000	514,763,000	514,763,000	476,640,000	476,640,000	427,276,000	176,963,000	427,408,000	465,514,000	465,514,000	503,178,000	503,178,000	53,656,000	53,656,000	167,443,000	167,443,000	143,986,000	143,986,000	143,853,000	143,853,000	18,250,000	18,250,000	10,642,000	10,642,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	6,083,000	6,083,000	84,974,000	84,974,000	68,952,000	68,952,000	58,524,000	58,524,000	52,932,000	52,932,000	106,430,000	106,430,000	87,594,000	87,594,000	74,089,000	74,089,000	72,097,000	72,097,000	144,883,000	144,883,000	116,242,000	116,242,000	88,683,000	88,683,000	66,114,000	66,114,000	99,968,000	99,968,000	92,411,000	92,411,000	74,511,000	74,511,000	52,081,000	52,081,000	63,890,000	63,890,000	33,293,000	33,293,000	28,239,000	28,239,000	27,671,000	27,671,000	33,342,000	33,342,000	25,368,000	25,368,000	11,464,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	10,200,000	10,200,000	10,200,000	10,200,000	10,200,000	11,200,000	11,377,256	11,238,575	11,377,256	11,377,256					11,554,512		11,749,578			11,749,578			231,449
net revenues																											22,190,749,000	20,524,501,000
cost of revenues																											-10,379,981,000	-9,334,887,000
gross profit																											11,810,768,000	11,189,614,000
operating expenses:
selling and marketing expenses																											-3,134,030,000	-3,013,447,000
general and administrative expenses																											-1,140,296,000	-1,011,183,000
research and development expenses																											-3,761,239,000	-3,406,859,000
total operating expenses																											-8,035,565,000	-7,431,489,000
operating profit																											3,775,203,000	3,758,125,000
other income/
investment income/ (loss)																												889,392,000
interest income																											349,550,000	386,207,000
exchange (losses)/gains
other																											117,636,000	147,588,000
income before tax																											4,131,088,000	4,589,592,000
income tax																											-807,648,000	-1,113,228,000
net income from continuing operations
net income from discontinued operations
net income																											3,323,440,000	3,476,364,000
accretion of redeemable noncontrolling interests
net income attributable to noncontrolling interests																											6,167,000	210,805,000
net income attributable to the company’s shareholders																											3,181,782,000	3,541,754,000
including:
-net income from continuing operations attributable to the company’s shareholders
-net income from discontinued operations attributable to the company’s shareholders
basic net income per share *
-continuing operations
-discontinued operations
basic net income per ads *
diluted net income per share *
diluted net income per ads *
weighted-average number of ordinary shares used in calculating net income per share *
basic																											960	1,060
diluted																											950	1,050
deferred revenue																											12,132,743,000	13,570,701,000	10,945,143,000	10,376,439,000	10,376,439,000	9,375,909,000	9,375,909,000	9,981,353,000	8,602,227,000	8,196,067,000	7,562,922,000	7,562,922,000	8,349,947,000	8,349,947,000	7,953,255,000	7,953,255,000	7,367,655,000	7,367,655,000	6,355,372,000	6,355,372,000	7,091,444,000	7,091,444,000	6,237,969,000	6,237,969,000	6,165,997,000	6,165,997,000	6,112,963,000	6,112,963,000	6,957,434,000	6,957,434,000	7,531,238,000	7,531,238,000	5,526,633,000	5,526,633,000	4,934,490,000	4,934,490,000	4,582,657,000	4,582,657,000	4,651,750,000	4,651,750,000	4,110,738,000	4,110,738,000	3,808,656,000	3,808,656,000	2,192,522,000	2,192,522,000	1,967,780,000	1,967,780,000	1,750,220,000	1,750,220,000	1,692,148,000	1,692,148,000	1,602,092,000	1,602,092,000	1,481,036,000	1,481,036,000	1,319,884,000	1,319,884,000	1,220,994,000	1,220,994,000	1,211,571,000	1,211,571,000	1,160,018,000	1,160,018,000	1,156,554,000	1,156,554,000	1,139,312,000	1,139,312,000	1,085,450,000	1,085,450,000	1,014,073,000	1,014,073,000	1,017,850,000	1,017,850,000	925,028,000	925,028,000	865,059,000	865,059,000	773,952,000	773,952,000	766,654,000	766,654,000	666,234,000	656,615,000	583,469,528	583,469,528	566,510,800	425,370,733	454,772,821	447,725,795	447,725,795	443,867,161	405,937,457	395,545,895	354,966,697	354,966,697	369,061,304	329,893,598	385,720,720	341,368,770	385,720,720	385,720,720	304,622,921	270,837,406	247,616,744	231,670,971	231,670,971	179,452,414	134,896,863	168,090,453	134,896,863	134,896,863	132,399,699	101,473,355
liabilites held for sale																																		87,000	2,156,000
long-term loan																											1,275,140,000
investment (loss)/ income																											-264,611,000
exchange (losses)/ gains																											153,310,000
accretion and deemed dividends in connection with repurchase of redeemable noncontrolling interests																											-147,825,000	-145,415,000
net income per share
net income per ads *
other income /
exchange (losses) / gains																												-591,720,000
liabilities held for sale																																			961,000
total netease, inc.’s equity																													82,126,798,000	85,246,787,000	85,246,787,000	85,804,783,000	85,804,783,000	62,597,346,000		63,381,110,000	50,951,338,000	50,951,338,000	47,768,218,000	47,768,218,000	45,231,636,000		43,375,843,000	43,375,843,000	43,611,502,000	43,611,502,000	44,488,422,000	44,488,422,000	45,732,007,000		45,015,752,000	45,015,752,000	43,538,025,000	43,538,025,000	41,619,953,000	41,619,953,000	38,191,081,000		35,003,190,000	35,003,190,000	32,722,886,000	32,722,886,000	31,023,981,000	31,023,981,000	29,240,083,000		27,034,098,000	27,034,098,000	25,738,605,000	25,738,605,000	24,607,024,000	24,607,024,000			22,325,462,000	22,325,462,000	21,396,995,000	21,396,995,000	20,404,104,000	20,404,104,000	20,245,168,000		18,974,716,000	18,974,716,000	17,893,073,000	17,893,073,000	16,757,139,000	16,757,139,000	15,680,605,000		15,894,736,000	15,894,736,000	15,066,675,000	15,066,675,000	14,164,494,000	14,164,494,000
1,000,300,000 shares authorized, 3,199,018 shares issued and outstanding as of december 31, 2018 and 3,228,531 shares issued and outstanding as of december 31, 2019																																			2,640,000
accumulated other comprehensive income/																																			-71,445,000
inventories,net																																					3,966,704,000	3,966,704,000	4,277,632,000	4,277,632,000	5,017,823,000				5,676,108,000	5,676,108,000	5,121,060,000	5,121,060,000	5,474,929,000
long-term payable:																																																																																																																																	801,619,176	810,647,370	813,064,178	818,413,108		839,291,662		839,399,579	839,399,578		839,399,578	839,296,497
1,000,300,000 shares authorized, 3,283,217 shares issued and outstanding as of december 31, 2017 and 3,199,018 shares issued and outstanding as of december 31, 2018																																										2,620,000
deferred tax assets *																																																	823,495,000		628,518,000	628,518,000	634,344,000	634,344,000	633,086,000	633,086,000
deferred tax liabilities *																																																	213,215,000		109,002,000	109,002,000	281,181,000	281,181,000	187,191,000	187,191,000
liabilities and shareholders’ equity
1,000,300,000 shares authorized, 3,281,480 shares issued and outstanding as of december 31, 2016 and 3,283,217 shares issued and outstanding as of december 31, 2017																																																		2,678,000
netease, inc’s shareholders’ equity																																																		45,732,007,000								38,191,081,000								29,240,083,000								23,390,345,000								20,245,168,000								15,680,605,000								13,126,701,000
total liabilities and shareholders’ equity																																																									58,031,860,000	58,031,860,000	49,655,423,000	49,655,423,000	45,765,099,000	45,765,099,000	43,238,463,000	43,238,463,000											28,443,077,000	28,443,077,000	27,275,754,000	27,275,754,000	25,815,915,000	25,815,915,000	24,546,330,000	24,546,330,000	22,986,334,000	22,986,334,000	21,982,426,000	21,982,426,000	20,904,734,000	20,904,734,000	19,277,956,000	19,277,956,000	18,441,411,000	18,441,411,000	17,519,727,000	17,519,727,000	16,640,653,000	16,640,653,000	15,444,931,000	15,444,931,000	14,462,760,000	14,462,760,000	13,327,529,000	13,327,529,000	12,441,774,000	12,441,774,000	11,562,286,000	11,586,662,000	10,680,804,000	10,680,804,000	9,853,675,000	9,208,470,000	8,803,468,839	8,803,468,839	7,946,449,204	7,448,747,589	6,774,966,676	6,345,893,303	6,345,893,303	5,910,277,646	5,483,867,419	4,968,856,278	4,685,659,381	4,685,659,381	4,304,637,217	4,208,220,107	4,373,707,830	4,412,614,007	4,370,316,076	4,373,707,830	4,202,411,802	3,966,238,686	4,047,441,577	3,624,985,519	3,624,985,519	2,953,746,019	2,450,140,398	2,689,768,113	2,450,140,398	2,450,140,398	2,293,436,961	2,154,547,245	1,786,692,092
1,000,300,000 shares authorized, 3,286,932 shares issued and outstanding as of december 31, 2015 and 3,281,480 shares issued and outstanding as of december 31, 2016																																																										2,676,000
short-term loan																																																													2,320,920,000	2,320,920,000	2,261,420,000	2,261,420,000	2,272,760,000		2,226,455,000	2,226,455,000	2,139,760,000	2,139,760,000	1,228,341,000	1,228,341,000	2,049,865,000	2,049,865,000	2,061,088,000	2,061,088,000	2,061,188,000	2,061,188,000	1,784,109,000	1,784,109,000	975,504,000	975,504,000	983,680,000	983,680,000	988,592,000	988,592,000	1,003,024,000	1,003,024,000
liabilities, mezzanine classified noncontrolling interests and shareholders’ equity
mezzanine classified noncontrolling interests																																																																			133,118,000	133,118,000	135,738,000	135,738,000	137,702,000	137,702,000		133,634,000
total liabilities, mezzanine classified noncontrolling interests and shareholders’ equity																																																																	41,157,430,000	41,157,430,000	37,206,585,000	37,206,585,000	35,001,728,000	35,001,728,000	31,396,774,000	31,396,774,000	30,354,671,000	30,354,671,000
1,000,300,000 shares authorized, 3,268,019 shares issued and outstanding as of december 31, 2014 and 3,286,932 shares issued and outstanding as of december 31, 2015																																																																		2,685,000
other comprehensive income:																																																																		27,452,000
total mezzanine classified noncontrolling interests and shareholders’ equity																																																																									23,491,794,000
1,000,300,000 shares authorized, 3,250,284 shares issued and outstanding as of december 31, 2013 and 3,268,019 shares issued and outstanding as of december 31, 2014																																																																										2,674,000
dividend payable																																																																																									814,934,000	814,934,000
1,000,300,000 shares authorized, 3,287,546 shares issued and 3,246,042 shares outstanding as of december 31, 2012 and 3,250,284 shares issued and outstanding as of december 31, 2013																																																																																		2,663,000
license right																																																																																													14,950,000	14,950,000	31,956,000	31,956,000	48,962,000		122,075,000	122,075,000	144,873,000	144,873,000	127,817,000	127,817,000	144,637,000		161,829,000	161,829,000	179,022,000	196,028,000	212,847,221		230,006,833
license rights																																																																																																		48,962,000								144,637,000						212,847,221
1,000,300,000 shares authorized, 3,273,937 shares issued and outstanding as of december 31, 2011 and 3,287,546 shares issued and 3,246,042 shares outstanding as of december 31, 2012																																																																																										2,696,000
cash and cash equivalent																																																																																																	2,214,618,000		1,943,529,000	1,943,529,000	1,844,492,000	1,844,492,000
held-to-maturity investments																																																																																																	993,606,000	993,606,000	596,471,000	596,471,000	168,856,000	168,856,000																																82,766,000	165,532,000	165,532,000	165,532,000	165,532,000	248,461,919	248,743,281	332,093,546
total long-term payable																																																																																																	63,890,000	63,890,000	33,293,000	33,293,000	28,548,000	28,548,000	29,908,000	29,908,000	34,797,000	34,797,000	25,368,000	25,368,000	11,464,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	10,200,000	10,200,000	10,200,000	10,200,000	10,200,000	686,612,760	791,631,174	696,518,111	791,631,174	791,631,174					818,413,108		839,399,578			839,399,578			827,901,449
total netease.com, inc.’s equity																																																																																																	13,126,701,000		12,217,195,000	12,217,195,000	11,355,168,000	11,355,168,000	10,557,202,000	10,557,202,000	9,740,811,000		9,018,030,000	9,018,030,000	8,407,975,000			7,438,777,429
non-controlling interests
1,000,300,000 shares authorized,3,252,364 shares issued and outstanding as of december 31, 2010 and 3,273,937 shares issued and outstanding as of december 31, 2011																																																																																																		2,687,000
cash																																																																																																							1,669,597,000	1,669,597,000	1,285,137,000	1,285,137,000	1,664,110,000	1,664,110,000	2,084,887,000	1,443,105,000	1,041,290,312	1,041,290,312	1,356,305,421	1,282,098,940	792,196,789	793,407,922	793,407,922	985,038,655	2,399,140,819	2,261,464,362	2,482,820,821	2,482,820,821	1,205,421,516	920,360,140	1,206,476,526	1,507,868,910	1,206,476,526	1,206,476,526	1,137,359,377	1,700,210,692	1,899,572,423	1,685,744,081	1,685,744,081	2,641,942,061	2,123,891,537	2,320,091,838	2,123,891,537	2,123,891,537	1,840,483,888	1,701,262,501	1,356,069,544
1,000,300,000 shares authorized,3,238,025 shares issued and outstanding as of december 31, 2009 and 3,252,364 shares issued and outstanding as of december 31, 2010																																																																																																										2,673,000
netease.com, inc’s shareholders’ equity																																																																																																										9,740,811,000
total shareholders’s equity																																																																																																											8,992,710,000	8,992,710,000	8,391,850,000
shareholders’ equity																																																																																																														7,885,515,000	7,425,343,711		6,858,394,003	6,458,586,805	5,946,687,924	5,516,435,976		5,017,577,547	4,239,058,030	3,611,538,924	3,398,425,631		3,014,521,615	2,939,380,993			2,905,668,181
1,000,300,000,000 shares authorized, 3,206,468,735 shares issued and outstanding as of december 31, 2008 and 3,238,025,131 shares issued and outstanding as of december 31, 2009																																																																																																																2,663,661
non-current rental deposits																																																																																																																	3,979,450	3,979,450	3,773,703	3,443,249		3,361,265	3,361,265	3,443,049	3,033,171		3,074,885	3,074,885	3,353,209	3,074,885		3,353,209
accrued liabilities																																																																																																																	122,386,948	90,328,881	81,424,806	61,815,070	61,815,070	55,883,575	40,537,832	34,840,184	29,844,067	29,844,067	33,158,852	22,772,754	31,340,217	23,602,626	31,340,217	31,340,217	21,776,634	28,888,377	20,699,035	20,751,404	20,751,404	20,694,942	22,961,861	18,721,454	22,961,861	22,961,861	23,713,274	19,930,054	11,698,761
prepayment for license right																																																																																																																		232,282,600	27,463,600	27,463,600	27,463,600	27,463,600
zero-coupon convertible subordinated notes due july 15, 2023																																																																																																																							435,086,431	616,915,760	641,778,908	641,778,908	664,836,144	675,412,760	780,253,918	685,279,536	780,253,918	780,253,918
minority interests																																																																																																																				209,265	209,265	204,645	204,170	204,287	207,798	207,798
non-current rental deposit																																																																																																																					3,443,249					3,033,171					3,353,209					1,341,162		993,019		2,315,008	2,140,394		1,869,070	1,869,070
salary and welfare payable																																																																																																																					94,922,963					68,653,742			54,924,038		54,924,038	54,924,038	41,260,920	45,656,485	39,666,490	46,438,269	46,438,269	33,222,631	36,283,138	28,709,112	36,283,138	36,283,138	24,618,142	24,537,737	17,405,624
1,000,300,000,000 shares authorized, 3,036,270,590 shares issued and outstanding as of december 31, 2007 and 3,206,468,735 shares issued and outstanding as of december 31, 2008																																																																																																																					2,642,105
prepayment for land use right																																																																																																																							12,692,783	27,732,137	26,956,800	26,956,800	26,956,800	26,956,800
investment in an associated company																																																																																																																									1,948,958		2,300,059
1,000,300,000,000 shares authorized, 3,195,024,725 shares issued and 3,158,385,050 outstanding as of december 31, 2006 and 3,036,270,590 shares issued and outstanding as of december 31, 2007																																																																																																																										2,525,952
ordinary shares, us0.0001 par value: 1,000,300,000,000 shares authorized, 3,263,526,525 shares issued and outstanding as of december 31, 2005 and 3,195,024,725 shares issued and 3,158,385,050 shares outstanding as of december 31, 2006																																																																																																																													2,645,941
translation adjustments																																																																																																																																			210,838	210,838	210,838	210,838	210,838	210,838	210,838	210,838	210,838	210,838	210,838
shareholders' equity																																																																																																																														3,155,406,810
time deposit																																																																																																																															2,731,396,687		2,646,489,209	1,911,249,034	1,866,947,045	1,691,976,255
deferred tax assets—long-term portion																																																																																																																															6,687,329
1,000,300,000,000 shares authorized, 3,263,526,525 shares issued and outstanding as of december 31, 2005 and 3,195,024,725 shares issued and 3,158,385,050 shares outstanding as of december 31, 2006																																																																																																																																2,645,941
total shareholders' equity																																																																																																																																2,905,668,181
other assets																																																																																																																																	14,498,456	35,431,364	11,905,988
accounts payable and other liabilities																																																																																																																																	35,890,884	59,007,792	99,794,554			38,833,225		41,749,228
1,000,300,000,000 shares authorized, 3,263,526,525 shares issued and outstanding as of december 31, 2005, and 3,244,644,875 shares issued and outstanding as of september 30, 2006																																																																																																																																	2,685,004
statutory reserve																																																																																																																																	135,238,835	135,238,835	135,238,835	135,238,835		90,882,108		90,882,108	90,882,108		33,699,834	33,699,834
ordinary shares, us0.0001 par value: 1,000,300,000,000 shares authorized, 3,263,526,525 shares issued and outstanding as of december 31, 2005, and 3,224,695,300 shares issued and outstanding as of june 30, 2006																																																																																																																																		2,716,755
ordinary shares, us0.0001 par value: 1,000,300,000,000 shares authorized, 3,263,526,525 shares issued and outstanding as of december 31, 2005, and 3,278,221,925 shares issued and outstanding as of march 31, 2006																																																																																																																																			2,712,188
deferred assets																																																																																																																																						389,060	4,246,624	2,286,643	4,246,624	4,246,624	6,206,605	8,166,586	12,086,693
ordinary shares, us0.0001 par value: 1,000,300,000,000 shares authorized, 3,184,167,189 shares issued and outstanding as of december 31, 2004, and 3,263,526,525 shares issued and outstanding as of december 31, 2005																																																																																																																																				2,700,407	2,700,407
deferred compensation
account receivable																																																																																																																																					69,631,541		56,304,762			56,304,762
rental deposit																																																																																																																																					1,341,162		2,140,394			2,140,394			1,430,544
liabilities & shareholders’ equity
zero coupon convertible subordinated notes due july 15, 2023																																																																																																																																					806,858,596		827,650,000			827,650,000			827,670,000
ordinary shares, us0.0001 par value: 1,000,300,000,000 shares authorized, 3,184,167,189 shares issued and outstanding as of december 31, 2004, and 3,222,540,489 shares issued and outstanding as of june 30, 2005																																																																																																																																						2,667,170
due from related parties, net of allowance for doubtful accounts of rmb10,157,789 at december 31, 2003
due to a related party																																																																																																																																													21,947,411
ordinary shares,us0.0001 par value: 1,000,300,000,000 shares authorized, 3,128,958,189 shares issued and outstanding as of december 31, 2003, and 3,184,167,189 shares issued and outstanding as of december 31, 2004																																																																																																																																							2,635,419
retained earnings/																																																																																																																																							235,576,830			235,576,830
ordinary shares, us0.0001 par value: 1,000,300,000,000 shares authorized, 3,184,167,189 shares issued and outstanding as of december 31, 2004, and 3,200,316,189 shares issued and outstanding as of march 31, 2005																																																																																																																																								2,648,785
due from related parties																																																																																																																																												9,000,000
due to related parties
ordinary shares, us0.0001 par value: 1,000,300,000,000 shares authorized, 3,128,958,189 shares issued and outstanding as of december 31, 2003, and 3,184,167,189 shares issued and outstanding as of december 31, 2004																																																																																																																																									2,635,419
shareholders’ equity: ordinary shares,us0.0001 par value: 1,000,300,000,000 shares authorized, 3,128,958,189 shares issued and outstanding as of december 31, 2003, and 3,184,167,189 shares issued and outstanding as of december 31, 2004																																																																																																																																										2,635,419
ordinary shares, us0.0001 par value: 1,000,300,000,000 shares authorized, 3,128,958,189 shares issued and outstanding as of december 31, 2003, and 3,168,376,789 shares issued and outstanding as of september 30, 2004																																																																																																																																											2,622,350
retained profit																																																																																																																																											162,603,692	53,543,048
ordinary shares, us0.0001 par value: 1,000,300,000,000 shares authorized, 3,128,958,189 shares issued and outstanding as of december 31, 2003, and 3,166,679,789 shares issued and outstanding as of june 30, 2004																																																																																																																																												2,620,946
due from related parties, net of allowance for doubtful accounts of rmb8,703,307 and rmb10,157,789 (us1,227,275) at december 31, 2002 and 2003, respectively																																																																																																																																													15,182,589
ordinary shares, us0.0001 par value: 1,000,300,000,000 shares authorized, 3,100,162,537 shares issued and outstanding as of december 31, 2002, and 3,128,958,189 shares issued and outstanding as of december 31, 2003																																																																																																																																													2,589,756
less: subscriptions receivable
accumulated deficit

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-05-15	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-05-23	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-05-25	2023-03-31	2022-12-31	2022-09-30	2021-12-31	2020-12-31	2020-11-30	2020-08-31	2020-03-31	2019-08-31	2019-05-31	2018-11-30	2018-08-31	2018-05-31	2017-11-30	2017-08-31	2017-05-31	2016-11-30	2016-08-31	2016-05-31	2015-11-30	2015-08-31	2015-05-31	2014-11-30	2014-08-31	2014-05-31	2013-11-14	2013-08-15	2013-05-16	2012-11-15	2012-09-30	2012-08-31	2012-06-30	2012-05-31	2012-03-31	2011-11-30	2011-08-31	2011-05-19	2010-11-01	2010-08-19	2010-05-20

cash flows from operating activities:
net income	-1,458,306,000	0	10,546,771,000	10,546,771,000	23,427,751,000	-973,764,000	0	7,802,360,000	7,802,360,000	21,197,608,000	1,449,221,000	0	6,710,394,000	6,710,394,000	14,746,455,000	781,075,000	-152,924,000	-1,857,813,000	700,627,000			2,463,274,000	2,463,274,000	804,808,000	804,808,000	804,808,000	4,011,180,000	4,011,180,000	4,011,180,000	2,501,642,000	2,501,642,000	2,501,642,000	1,305,403,000	1,305,403,000	1,305,403,000	1,126,050,000	1,126,050,000	1,126,050,000	1,068,920,000	1,068,920,000	1,068,920,000	931,728,000	931,728,000	931,728,000	931,728,000	931,728,000	931,728,000	734,573,000	734,573,000	734,573,000	486,112,000	449,129,000	449,129,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	-52,334,000	0	480,761,000	480,761,000	1,785,937,000	64,034,000	0	567,923,000	567,923,000	2,393,897,000	-420,906,000	0	1,082,269,000	1,082,269,000	2,249,173,000	-157,144,000	-8,885,000	20,899,000	202,093,000			587,342,000	587,342,000	366,436,000	366,436,000	366,436,000	146,144,000	146,144,000	146,144,000	64,148,000	64,148,000	64,148,000	38,675,000	38,675,000	38,675,000	38,445,000	38,445,000	38,445,000	38,289,000	38,289,000	38,289,000	71,677,000	71,677,000	71,677,000	71,677,000	71,677,000	71,677,000	65,706,000	65,706,000	65,706,000	58,803,000	58,839,000	58,839,000
fair value changes of equity security, other investments and financial instruments					-834,014,000
impairment losses on investments	72,392,000	0	89,071,000	89,071,000	1,080,886,000	82,324,000
fair value changes of short-term investments		0	-201,609,000	-201,609,000	-402,312,000	-67,485,000	0	-60,810,000	-60,810,000	-317,323,000	41,032,000	0	-137,916,000	-137,916,000	-222,760,000	-40,106,000	-13,888,000
share-based compensation cost	-5,477,000	0	951,872,000	951,872,000	2,803,883,000	184,756,000	0	894,300,000	894,300,000	2,454,948,000	-34,551,000	0	822,413,000	822,413,000	2,409,713,000	18,293,000	-11,888,000	-15,194,000	26,131,000			635,198,000	635,198,000	585,655,000	585,655,000	585,655,000	413,420,000	413,420,000	413,420,000	205,614,000	205,614,000	205,614,000	160,459,000	160,459,000	160,459,000	58,013,000	58,013,000	58,013,000	58,706,000	58,706,000	58,706,000	68,273,000	68,273,000	68,273,000	68,273,000	68,273,000	68,273,000	38,238,000	38,238,000	38,238,000	31,370,000	5,861,000	5,861,000
allowance for expected credit losses	136,408,000	0	16,771,000	16,771,000	59,653,000	-2,319,000	0	11,600,000	11,600,000	52,606,000	-12,180,000				50,428,000
losses on disposal of property, equipment and software			20,293,000		-4,432,000			2,132,000		5,424,000	862,000		-610,000		3,139,000	-964,000	2,584,000					2,738,000	2,738,000																										4,000
unrealized exchange losses					-509,851,000			-17,509,000		1,586,230,000			385,961,000	385,961,000	-714,194,000							46,028,000	46,028,000	394,651,000	394,651,000	394,651,000	42,125,000	42,125,000	42,125,000	28,906,000	28,906,000	28,906,000								7,763,000	7,763,000										72,049,000	50,301,000	50,301,000
gains on disposal of long-term investments, business, subsidiaries and other financial instruments
deferred income taxes		0	328,272,000	328,272,000	1,600,802,000	-1,765,130,000	0	485,054,000	485,054,000	465,817,000	-912,046,000	0	577,666,000	577,666,000	659,209,000	-484,767,000	105,100,000		286,661,000			303,547,000	303,547,000	26,826,000	26,826,000	26,826,000							41,137,000	41,137,000	41,137,000	40,868,000	40,868,000	40,868,000	261,550,000	261,550,000	261,550,000											11,949,000
share of results on equity method investees	32,147,000					-125,071,000					-33,484,000
changes in operating assets and liabilities:
accounts receivable	2,042,255,000	0	-1,088,960,000	-1,088,960,000	-694,103,000	2,769,189,000	0	-1,358,711,000	-1,358,711,000	-2,240,925,000	1,886,833,000	0	-1,116,282,000	-1,116,282,000	472,058,000	-129,793,000	-1,751,401,000										564,743,000	564,743,000	564,743,000	197,291,000	197,291,000	197,291,000				40,760,000	40,760,000	40,760,000	72,418,000	72,418,000	72,418,000	20,720,000	20,720,000	20,720,000	20,720,000	20,720,000	20,720,000	75,613,000	75,613,000	75,613,000		53,622,000	53,622,000
inventories		0	53,773,000	53,773,000	94,228,000	-61,826,000	0	91,378,000	91,378,000	227,354,000	-47,920,000	0	117,330,000	117,330,000	-45,404,000	-85,800,000	-144,464,000	31,100,000	-85,111,000			740,191,000	740,191,000	353,869,000	353,869,000	353,869,000
prepayments and other assets	878,662,000	0	-295,178,000	-295,178,000	-1,340,446,000	204,716,000	0	326,140,000	326,140,000	94,789,000	-133,060,000	0	125,827,000	125,827,000	894,712,000	406,231,000	-631,869,000	-168,224,000
accounts payable	267,720,000	0	-148,076,000	-148,076,000	218,004,000	-119,861,000	0	-7,001,000	-7,001,000	-443,628,000	497,148,000	0	-612,939,000	-612,939,000	399,214,000	140,825,000	350,793,000					560,129,000	560,129,000				170,289,000	170,289,000	170,289,000	257,966,000	257,966,000	257,966,000										14,857,000	14,857,000	14,857,000	14,857,000	14,857,000	14,857,000				16,505,000
salary and welfare payables	3,005,773,000	0	-2,085,111,000	-2,085,111,000	-1,089,976,000	3,057,666,000	0	-2,178,608,000	-2,178,608,000	-821,023,000	2,983,843,000	0	-2,225,737,000	-2,225,737,000	-358,276,000	2,539,013,000	-1,503,804,000																																		21,175,000
taxes payable		0	1,796,123,000	1,796,123,000	1,650,488,000	-2,734,522,000	0	1,271,822,000	1,271,822,000	748,631,000	-1,726,608,000	0	733,716,000	733,716,000	-379,380,000	-611,680,000	962,497,000					937,352,000	937,352,000	492,999,000	492,999,000	492,999,000	779,410,000	779,410,000	779,410,000	356,632,000	356,632,000	356,632,000	178,991,000	178,991,000	178,991,000	131,582,000	131,582,000	131,582,000													22,158,000
contract liabilities		0	2,526,198,000	2,526,198,000	3,292,520,000	-2,844,410,000	0	1,574,086,000	1,574,086,000	1,203,057,000	-531,187,000	0	489,991,000	489,991,000	105,727,000	357,869,000
accrued liabilities and other payables	821,092,000	0	-290,374,000	-290,374,000	2,020,896,000	-732,118,000	0	242,070,000	242,070,000	1,473,457,000	337,052,000	0	-643,836,000	-643,836,000	1,298,646,000	704,070,000	1,178,959,000	-158,591,000	-187,750,000								257,788,000	257,788,000	257,788,000	94,348,000	94,348,000	94,348,000	430,669,000	430,669,000	430,669,000	204,873,000	204,873,000	204,873,000	188,959,000	188,959,000	188,959,000	92,897,000	92,897,000	92,897,000	92,897,000	92,897,000	92,897,000	63,976,000	63,976,000	63,976,000		33,730,000	33,730,000
net cash provided by operating activities																						3,386,574,000	3,386,574,000	1,904,977,000	1,904,977,000	1,904,977,000	4,031,161,000		4,031,161,000	3,092,758,000	3,092,758,000	3,092,758,000
cash flows from investing activities:
purchase of property, equipment and software		0	-454,071,000	-454,071,000	-1,106,520,000	246,138,000	0	-415,018,000	-415,018,000	-1,781,010,000	132,395,000	0	-652,939,000	-652,939,000	-1,655,210,000	304,307,000	14,184,000
proceeds from sale of property, equipment and software	20,163,000	0	1,336,000	1,336,000	13,873,000	-2,846,000	0	3,506,000	3,506,000	6,010,000	1,788,000	0	2,504,000	2,504,000	18,129,000	10,773,000	8,572,000	933,000	3,198,000			3,820,000	3,820,000	2,975,000	2,975,000	2,975,000	852,000	852,000	852,000	526,000	526,000	526,000	136,000	136,000	136,000	30,000	30,000	30,000	696,000	696,000	696,000	182,000	182,000	182,000	182,000	182,000	182,000	1,000	1,000	1,000	19,000
purchase of intangible assets, content and licensed copyrights		0	-298,771,000	-298,771,000	-531,455,000	-210,712,000	0	-188,821,000	-188,821,000	-1,691,002,000	543,361,000	0	-826,682,000	-826,682,000	-458,099,000	58,715,000	348,568,000
net changes of short-term investments with terms of three months or less	6,914,984,000	0	-6,138,556,000	-6,138,556,000		-10,595,938,000
purchase of short-term investments with terms over three months		0	-2,970,000,000	-2,970,000,000
proceeds from maturities of short-term investments with terms over three months	3,036,853,000	0	2,708,601,000	2,708,601,000								0	104,269,000	104,269,000	8,715,988,000	905,341,000						2,311,322,000	2,311,322,000
investment in long-term investments and acquisition of subsidiaries		0	-90,966,000	-90,966,000		288,354,000	0	-481,804,000	-481,804,000				-1,229,048,000	-1,229,048,000		790,303,000	2,790,849,000
proceeds from disposal of long-term investments, businesses, subsidiaries and other financial instruments	707,427,000	0	77,428,000	77,428,000	1,981,936,000
placement/rollover of matured time deposits		0	-49,601,807,000	-49,601,807,000	-93,016,699,000	-27,216,770,000	0	-34,558,836,000	-34,558,836,000								15,499,970,000
proceeds from maturities of time deposits	-10,308,972,000	0	43,926,482,000	43,926,482,000	124,165,274,000	9,163,457,000	0	46,048,382,000	46,048,382,000	89,499,178,000	-413,558,000	0	22,332,349,000	22,332,349,000	60,146,905,000	17,400,346,000	2,537,969,000	-5,891,707,000	5,801,649,000			15,959,459,000	15,959,459,000	7,332,776,000	7,332,776,000	7,332,776,000	3,109,265,000	3,109,265,000	3,109,265,000	3,562,570,000	3,562,570,000	3,562,570,000	6,156,953,000	6,156,953,000	6,156,953,000	7,022,435,000	7,022,435,000	7,022,435,000	4,817,487,000	4,817,487,000	4,817,487,000	2,933,775,000	2,933,775,000	2,933,775,000	2,933,775,000	2,933,775,000	2,933,775,000
change in other long-term assets		0	-678,000	-678,000	-234,089,000	-137,918,000	0	-34,625,000	-34,625,000	-392,739,000	89,652,000	0	-120,841,000	-120,841,000	-262,879,000	108,645,000	-24,552,000
net cash from investing activities			-12,841,002,000		32,767,555,000			12,859,889,000		-28,632,945,000			-17,392,362,000		-6,186,546,000																		935,986,000	935,986,000	935,986,000
cash flows from financing activities:
net changes from loans with terms of three months or less	4,271,985,000	0	-2,254,415,000	-2,254,415,000		-1,685,327,000	0	-399,726,000	-399,726,000		-17,608,975,000		2,638,040,000	2,638,040,000
proceeds of loans with terms over three months	-1,516,550,000	0	2,747,550,000	2,747,550,000	12,851,060,000	-5,929,230,000	0	6,998,250,000	6,998,250,000
payment of loans with terms over three months		0	-2,935,677,000	-2,935,677,000	-4,057,520,000	-9,724,827,000	0	-957,000,000	-957,000,000	-4,985,972,000	-3,193,078,000		-40,422,000	-40,422,000
net amounts received related to repurchase of or capital contribution from noncontrolling interests shareholders
net amount received related to repurchase of netease’s adss/purchase of subsidiaries’ adss and shares
dividends paid to netease’s shareholders		0	-5,584,532,000	-5,584,532,000		2,680,217,000	0	-4,945,016,000	-4,945,016,000		-906,976,000		-1,212,340,000	-1,212,340,000
net cash from financing activities					-11,416,585,000	-15,424,059,000	0	-495,058,000		-1,141,862,000	-20,897,621,000		572,429,000		-11,078,571,000												109,563,000												83,458,000	83,458,000		21,033,000	21,033,000	21,033,000	21,033,000	21,033,000	21,033,000	30,242,000	30,242,000	30,242,000	8,895,000	5,182,000	5,182,000
effect of exchange rate changes on cash, cash equivalents and restricted cash held in foreign currencies		0	-56,932,000	-56,932,000	2,518,000	51,372,000	0	-43,138,000	-43,138,000	-154,581,000	-63,374,000		15,498,000	15,498,000	35,505,000				105,956,000
net increase in cash, cash equivalents and restricted cash			-9,079,440,000		54,498,469,000			21,878,862,000		-2,276,518,000			-10,803,764,000		3,848,462,000									798,117,000
cash, cash equivalents and restricted cash, at the beginning of the period	-9,079,440,000	0	54,474,923,000	54,474,923,000		21,878,862,000	0	24,206,658,000	24,206,658,000		-10,803,764,000		27,588,325,000	27,588,325,000			1,131,720,000	4,874,082,000	2,702,463,000
cash, cash equivalents and restricted cash, at the end of the period
supplemental disclosures of cash flow information:
cash paid for income taxes	978,001,000	0	1,206,555,000	1,206,555,000	2,341,092,000	1,665,782,000	0	1,182,711,000	1,182,711,000
cash paid for interest expenses	-33,058,000	0	97,424,000	97,424,000	336,679,000	6,488,000	0	146,455,000	146,455,000	453,226,000
(gains)/losses on disposal of property, equipment and software									2,132,000
unrealized exchange losses/									-17,509,000								-730,000,000
net cash from operating activities	-1,244,789,000	0	12,106,652,000	12,106,652,000	33,144,981,000	-3,025,337,000	0	9,557,169,000	9,557,169,000	27,652,870,000	1,677,734,000	0	6,000,671,000	6,000,671,000		2,048,607,000	1,569,850,000	628,659,000	-1,728,341,000									4,031,161,000					1,925,148,000	1,925,148,000	1,925,148,000	1,650,409,000	1,650,409,000	1,650,409,000	1,547,892,000	1,547,892,000	1,547,892,000	1,336,865,000	1,336,865,000	1,336,865,000	1,336,865,000	1,336,865,000	1,336,865,000	969,315,000	969,315,000	969,315,000	744,269,000	676,530,000	676,530,000
capital expenditures	0	0	-454,071,000	-454,071,000	-1,106,520,000	246,138,000	0	-415,018,000	-415,018,000	-1,781,010,000	132,395,000	0	-652,939,000	-652,939,000		304,307,000	14,184,000	0	0									0					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
free cash flows	-1,244,789,000	0	11,652,581,000	11,652,581,000	32,038,461,000	-2,779,199,000	0	9,142,151,000	9,142,151,000	25,871,860,000	1,810,129,000	0	5,347,732,000	5,347,732,000		2,352,914,000	1,584,034,000	628,659,000	-1,728,341,000									4,031,161,000					1,925,148,000	1,925,148,000	1,925,148,000	1,650,409,000	1,650,409,000	1,650,409,000	1,547,892,000	1,547,892,000	1,547,892,000	1,336,865,000	1,336,865,000	1,336,865,000	1,336,865,000	1,336,865,000	1,336,865,000	969,315,000	969,315,000	969,315,000	744,269,000	676,530,000	676,530,000
net cash (used in)/provided by investing activities									12,859,889,000
net amounts (paid)/received related to repurchase of or capital contribution from noncontrolling interests shareholders
net amount (paid)/received related to repurchase of netease’s adss/purchase of subsidiaries’ adss and shares
net increase/ (decrease) in cash, cash equivalents and restricted cash											9,698,615,000
fair value changes of equity security and other investments		0	-558,499,000	-558,499,000			0	-368,258,000	-368,258,000
unrealized exchange gains		0	-28,453,000	-28,453,000
losses on disposal of long-term investments, business and subsidiaries			11,675,000
net amounts received related to capital contribution from of noncontrolling interests shareholders
cash paid for repurchase of netease’s adss/purchase of subsidiaries’ adss and shares		0	-303,601,000	-303,601,000	-6,823,085,000	-773,250,000	0	-1,233,780,000	-1,233,780,000
net(decrease)/ increase in cash, cash equivalents and restricted cash
cash, cash equivalents and restricted cash, at end of the period		0	45,395,483,000	45,395,483,000		-24,230,204,000	0	46,085,520,000	46,085,520,000		-1,105,149,000		16,784,561,000	16,784,561,000			12,570,246,000	-4,622,220,000	4,874,082,000
(gains)/losses on disposal of long-term investments, business and subsidiaries				11,675,000
share of results on equity method investees and revaluation results from previously held equity interest			-18,668,000	-18,668,000				164,271,000	164,271,000				-95,808,000	-95,808,000	-1,125,372,000	776,929,000
net amounts received related to capital contribution from or repurchase of noncontrolling interests shareholders			42,517,000	42,517,000	85,434,000
net cash from by financing activities			-8,288,158,000	-8,288,158,000
losses/(gains) on disposal of property, equipment and software				20,293,000
net cash provided by/(used in) investing activities				-12,841,002,000
net increase/(decrease) in cash, cash equivalents and restricted cash				-9,079,440,000
net cash provided/(used in) by financing activities

net income from discontinued operations															0
gains on disposal of long-term investments, business and subsidiaries					-131,301,000	-127,627,000	0	-13,487,000	-13,487,000
net change of short-term investments with terms of three months or less
investment in equity method investees
investment in other equity investments and acquisition of subsidiaries
net changes from short-term loans with terms of three months or less
dividends paid to shareholders
cash, cash equivalents and restricted cash, at the beginning of the year
cash, cash equivalents and restricted cash, at end of the year
supplemental schedule of non-cash investing and financing activities:
fixed asset purchases financed by accounts payable and accrued liabilities																			-100,250,000			318,078,000	318,078,000	327,030,000	327,030,000	327,030,000	282,753,000	282,753,000	282,753,000	133,160,000	133,160,000	133,160,000	42,198,000	42,198,000	42,198,000	6,067,000	6,067,000	6,067,000	13,894,000	13,894,000	13,894,000	35,393,000	35,393,000	35,393,000	35,393,000	35,393,000	35,393,000			64,347,000	129,863,000	39,625,000	39,625,000
net amounts received/(paid) related to capital contribution from or repurchase of noncontrolling interests shareholders
proceeds from disposal of long-term investments, businesses and subsidiaries							0	85,456,000	85,456,000						2,404,657,000	-27,824,000	-232,553,000
net cash frominvesting activities
net amounts received related to capital contribution from noncontrolling interests shareholders							0	42,214,000	42,214,000
unrealized exchange (gains)/losses
net cash provided by/(used in)investing activities
net (decrease)/increase in cash, cash equivalents and restricted cash									21,878,862,000
impairment losses on investments and other long-term assets								128,417,000	128,417,000	421,289,000
net changes in short-term investments with terms of three months or less								2,401,649,000	2,401,649,000
net cash provided by/(used in) financing activities									-495,058,000
fair value changes of equity security investments											148,685,000	0	-226,720,000	-226,720,000		-805,843,000	1,398,058,000
net change in short-term investments with terms of three months or less											2,353,164,000	0	-723,151,000	-723,151,000		-1,870,018,000	-1,500,695,000	-784,675,000									1,839,344,000	1,839,344,000	1,839,344,000				386,479,000	386,479,000	386,479,000				20,000,000	20,000,000	20,000,000
proceed of loans with terms over three months										11,397,619,000	891,982,000		1,279,559,000	1,279,559,000
cash paid for income tax											550,466,000		1,074,579,000	1,074,579,000			-342,580,000	399,574,000	346,512,000			537,825,000	537,825,000				1,003,426,000	1,003,426,000	1,003,426,000	393,048,000	393,048,000	393,048,000	141,893,000	141,893,000	141,893,000	80,909,000	80,909,000	80,909,000	192,134,000
fair value change of equity security investments
net amounts paid for netease’s issuance of shares in hong kong
net amounts received related to capital contribution from or repurchase of noncontrolling interests and redeemable noncontrolling interests shareholders															-64,121,000
dividends paid to noncontrolling interest shareholders
gains on disposal of long-term investments											-10,614,000	0	-5,768,000	-5,768,000
proceeds from disposal of long-term investments											-24,749,000	0	41,280,000	41,280,000
placement/ rollover of matured time deposits											25,445,272,000	0	-36,320,103,000	-36,320,103,000
cash paid for repurchase of netease’s adss/ purchase of subsidiaries’ adss and shares											-78,453,000		-2,116,757,000	-2,116,757,000
unrealized exchange (gains)/ losses
net cash provided by/ (used in) investing activities
net amounts received/ (paid) related to capital contribution from or repurchase of noncontrolling interests shareholders
impairment losses of investments and other long-term assets																238,085,000	21,258,000
investment in long-term investments
cash paid for interest expense													275,714,000	275,714,000			4,683,000	-7,439,000	-41,410,000			108,664,000	108,664,000
adjustments to reconcile net income to net cash provided by operating activities:
losses/ (gains) on disposal of property, equipment and software														-610,000
net amounts received related to capital contribution from or repurchase of noncontrolling interests shareholders
cash, cash equivalents and restricted cash, at the beginning of the period
net cash (used in)/ provided by investing activities														-17,392,362,000
12
(reversal of)/ allowance for expected credit losses													20,720,000	20,720,000			184,626,000
net amounts received related to repurchase of or capital contribution from noncontrolling interests and redeemable noncontrolling interests shareholders													24,349,000
net amounts (paid)/ received related to repurchase of or capital contribution from noncontrolling interests and redeemable noncontrolling interests shareholders														24,349,000
net cash provided by/ (used in) financing activities														572,429,000
net (decrease)/ increase in cash, cash equivalents and restricted cash														-10,803,764,000					2,171,619,000						798,117,000	798,117,000
amounts paid for netease’s issuance of shares in hong kong
impairment losses on investments and other intangible assets
net amounts received from/(paid for) netease’s issuance of shares in hong kong
repurchase of redeemable noncontrolling interests
net changes in bank loans with terms of three months or less
proceed of bank loans with terms over three months
payment of bank loans with terms over three months
13
allowance for/ (reversal of) expected credit losses
losses/ (gains) on disposal of long-term investments, business and subsidiaries																	166,504,000
deferred revenue																	2,536,197,000					396,692,000	396,692,000	935,171,000	935,171,000	935,171,000							224,742,000	224,742,000	224,742,000	121,056,000	121,056,000	121,056,000	51,554,000	51,554,000	51,554,000	71,378,000	71,378,000	71,378,000	71,378,000	71,378,000	71,378,000	91,107,000	91,107,000	91,107,000	9,620,000	73,145,000	73,145,000
proceed of bank loan with terms over three months
payment of bank loan with terms over three months
(paid for)/ net amounts received from netease's issuance of shares in hong kong
capital contribution from/ (repurchase of) noncontrolling interests and redeemable noncontrolling interests shareholders																	26,624,000
cash paid for repurchase of netease's adss/ purchase of subsidiaries' adss and shares
dividends paid to noncontrolling shareholders
dividends paid to netease's shareholders
net cash (used in)/ provided by financing activities																	-16,871,722,000					411,135,000						109,563,000	109,563,000
share of results on equity method investees and revaluation gains from previously held equity interest
purchase of short-term investments
proceeds from maturities of short-term investments																		8,950,139,000	-4,542,758,000					1,722,295,000	1,722,295,000	1,722,295,000	3,229,235,000	3,229,235,000	3,229,235,000	1,938,493,000	1,938,493,000	1,938,493,000	507,648,000	507,648,000	507,648,000				150,000,000	150,000,000	150,000,000	430,000,000	430,000,000	430,000,000	430,000,000	430,000,000	430,000,000
proceeds of short-term loans
payment of short-term loans
net changes in short-term loans with terms of three months or less																		-1,274,136,000	-234,394,000			741,113,000
net amounts (paid for)/ received from issuance of shares in hong kong
cash paid for repurchase of netease's/purchase of youdao's adss
effect of exchange rate changes on cash, cash equivalents
and restricted cash held in foreign currencies
impairment losses of investments and other intangible assets
(reversal of) / allowance for benefit from doubtful debts/ expected credit losses
unrealized exchange losses /
net cash from continuing operating activities																		628,659,000	-1,728,341,000	0	6,500,649,000
net cash from discontinued operating activities
investment in equity method investees and other long-term investments and acquisition of subsidiaries
proceeds from disposal of investment in equity investments, businesses and subsidiaries																		363,486,000	-163,096,000
amounts received from disposed businesses
net cash (used in)/ provided by continuing investing activities
net cash from discontinued investing activities
proceeds of short-term bank loans																		-291,496,000	260,474,000						22,966,267,000	22,966,267,000	12,137,004,000	12,137,004,000	12,137,004,000	2,272,760,000	2,272,760,000	2,272,760,000	1,219,853,000	1,219,853,000	1,219,853,000
payment of short-term bank loans
net proceeds (paid for)/ received from issuance of shares in hong kong
capital injection from/ (repurchase of) noncontrolling interests and redeemable noncontrolling interests shareholders																		-159,050,000
cash (paid for)/ received from repurchase of netease’s/ purchase of youdao’s adss
less: cash, cash equivalents and restricted cash of held for sale at end of the period
cash, cash equivalents and restricted cash of continuing operations at end of the period																		-4,622,220,000	4,874,453,000
supplemental disclosures of cash flow information of continuing operations:
allowance for/ (reversal of) benefit from doubtful debts
net equity share of (gains)/ losses from associated companies
investment in associated companies and other long-term investments
net cash from continuing investing activities																					-2,478,387,000
net proceeds received from/(paid for) issuance of shares in hong kong
cash (paid for)/received from repurchase of netease’s/ purchase of youdao’s adss
supplemental schedule of non-cash investing and financing activities of continuing opearations:
net cash (used in)/ provided by discontinued operating activities
amounts (paide to)/ received from disposed businesses
net cash provided by/ (used in) discontinued investing activities
net proceeds received from issuance of shares in hong kong
cash received from/ (paid for) repurchase of netease’s/ purchase of youdao’s adss
net cash (used in)/provided by financing activities																					-1,393,899,000
financial information
net income/(income) from discontinued operations
fair value change of equity security investments and other financial instruments
investment impairment
allowance for/(reversal of) doubtful accounts
loss/(gain) on disposal of property, equipment and software
gain on disposal of long-term investments, business and subsidiaries
net equity share of losses /(gains) from equity method investees
net cash (used in)/provided by discontinued operating activities
purchase of land use right
acquisitions of other equity investments
proceeds from disposal of investment in equity method investees and other equity investments
placement/rollover of time deposits
proceeds from maturity of time deposits
amounts (paid to) / received from disposed businesses
net proceeds from short-term loan with terms of three months or less
proceeds of short-term loan
repayment of short-term loan
proceeds from issuance of redeemable noncontrolling interest shareholders, net of issuance cost
repurchase of noncontrolling interest
capital injection from noncontrolling interest shareholders
cash (paid for)/ refund received from share repurchase
net cash (used in)/provided by financing activities*
cash, cash equivalents and restricted cash, beginning of the year
cash, cash equivalents and restricted cash, end of the year
less: cash, cash equivalents and restricted cash of held for sales at end of the year
cash, cash equivalents and restricted cash of continuing operations, end of the year
supplemental disclosures of cash flow information of continuing operation:
cash paid for income taxes, net of tax refund
supplemental schedule of non-cash investing and financing activities of continuing operation:
fixed asset purchases financed by accounts payable and accured liabilities
fair value changes and impairment losses of short-term investments, investments in associated companies, other long-term investments and other intangible assets
(reversal of)/ provision for allowance for doubtful debts
gains on disposal of long-term investments and subsidiaries
net equity share of losses from associated companies																						17,483,000	17,483,000	10,960,000	10,960,000	10,960,000																						330,000	330,000	330,000		132,000
prepayments and other current assets																																										180,825,000	180,825,000	180,825,000	180,825,000	180,825,000	180,825,000	54,987,000	54,987,000	54,987,000	170,066,000	110,172,000	110,172,000
proceeds from disposal of long-term investments and business																						208,682,000	208,682,000
net change in other assets																														3,011,000	3,011,000	3,011,000							2,613,000	2,613,000	2,613,000
proceeds of short-term bank loans with terms over three months																						15,000,000	15,000,000
capital contribution from noncontrolling interests and redeemable noncontrolling interests shareholders																						68,611,000					500,000,000	500,000,000
(cash paid)/ refund received for share repurchase
net decrease in cash, cash equivalents and restricted cash
cash, cash equivalents and restricted cash, beginning of the period																						10,206,538,000	10,206,538,000
cash, cash equivalents and restricted cash, end of the period																						9,245,088,000	9,245,088,000
fair value changes and impairment losses of short-term investments, investments in associated companies, other long-term investments and other financial instruments
allowance for/ (reversal of) provision for doubtful debts																								55,544,000	55,544,000
payment of short-term bank loans with terms over three months
net proceeds in short-term loans with terms of three months or less																							741,113,000
(repurchase of)/ capital contribution from noncontrolling interests and redeemable noncontrolling interests shareholders																							68,611,000
repurchase of shares
net cash (used)/ provided in financing activities																							411,135,000
purchase of intangible assets and licensed copyrights of music content
investment in associated companies and long-term investments
proceeds from disposal of investment in associated company and long-term investments
net proceeds in short-term loan with terms of three months or less																								3,095,760,000
cash, cash equivalents and restricted cash, beginning of the period *																								8,691,246,000	8,691,246,000	8,691,246,000
cash, cash equivalents and restricted cash, end of the period *																								9,489,363,000	9,489,363,000	9,489,363,000
cash (received)/ paid for income tax
allowance for doubtful accounts
loss on disposal of property, equipment and software																																																4,000			426,000	10,538,000	10,538,000
net equity share of losses from equity method investees
effect of exchange rate changes on cash held in foreign currencies																																	717,000	717,000	717,000	4,215,000	4,215,000	4,215,000				265,000	265,000	265,000	265,000	265,000	265,000	7,112,000	7,112,000	7,112,000
fixed asset purchases financed by accounts payable																																																64,347,000	64,347,000
fair value changes and impairment losses of short-term investments, associated companies and other long-term investments
gains on disposal of subsidiaries
purchase of other intangible assets and licensed copyrights
prepayment for purchase of land use right
acquisitions of long-term investments
cash paid for income tax, net of tax refund																								451,043,000	451,043,000	451,043,000														192,134,000	192,134,000	145,625,000	145,625,000	145,625,000	145,625,000	145,625,000	145,625,000	91,682,000	91,682,000	91,682,000	102,065,000	62,264,000	62,264,000
fair value changes and impairment losses of short-term investments, associated compnaies and other long-term investments
purchase of other intangible assets and licensed copyrights of video content
impairment loss for investments																											22,200,000	22,200,000	22,200,000
allowance for provision for doubtful debts																										55,544,000	3,188,000	3,188,000						5,974,000										921,000
gains on disposal of a subsidiary
fair value changes of short-term investments and available- for-sale securities
(reversal of)/ allowance for provision for doubtful debts																													3,188,000
gain on disposal of long-term investments
net equity share of loss/ (gains) from associated companies																											27,074,000
purchase of other intangible assets
investment in associated companies
transfer (to)/ from restricted cash
net increase/ (decrease) in cash and cash equivalents																														513,046,000	513,046,000	513,046,000
cash and cash equivalents, beginning of the period																											5,439,499,000	5,439,499,000	5,439,499,000	6,071,487,000	6,071,487,000	6,071,487,000	2,021,453,000	2,021,453,000	2,021,453,000	1,458,298,000	1,458,298,000	1,458,298,000	1,590,769,000	1,590,769,000	1,590,769,000	2,214,618,000	2,214,618,000	2,214,618,000	2,214,618,000	2,214,618,000	2,214,618,000
cash and cash equivalents, end of the period																											3,959,251,000	3,959,251,000	3,959,251,000	6,584,533,000	6,584,533,000	6,584,533,000	3,739,901,000	3,739,901,000	3,739,901,000	2,713,009,000	2,713,009,000	2,713,009,000	1,805,016,000	1,805,016,000	1,805,016,000	2,012,449,000	2,012,449,000	2,012,449,000	2,012,449,000	2,012,449,000	2,012,449,000
allowance for provision for doubtful accounts
investment in an associated company
acquisitions of other long-term investments
transfer to restricted cash
change in other assets
capital (repurchase of)/injection from redeemable noncontrolling interest shareholders
net increase in cash and cash equivalents																																	1,718,448,000	1,718,448,000	1,718,448,000	1,254,711,000	1,254,711,000	1,254,711,000	214,247,000	214,247,000	214,247,000
cash and cash equivalents beginning of the year
cash and cash equivalents end of the year
net decrease in cash and cash equivalents
net equity share of loss from associated companies																												27,074,000	27,074,000	16,528,000	16,528,000	16,528,000	21,530,000	21,530,000	21,530,000	7,339,000	7,339,000	7,339,000	339,000		339,000	256,000		256,000		256,000
capital contribution from noncontrolling interests shareholders																														4,000	4,000	4,000
capital contribution from redeemable noncontrolling interests shareholders																													500,000,000
repurchase of mezzanine classified noncontrolling interests
proceeds from disposal of long-term investment
proceeds of short-term bank loan																																				1,769,559,000	1,769,559,000	1,769,559,000	1,005,680,000	1,005,680,000	1,005,680,000
payment of short-term bank loan
proceeds from exercise of employees’ stock options
capital injection from/(repurchase of) mezzanine classified noncontrolling interests shareholders
transfer from/ (to) restricted cash
transfer (to)/from restricted cash																																	252,526,000	252,526,000	252,526,000
proceeds from employees exercising stock options																																										21,033,000	21,033,000	21,033,000	21,033,000	21,033,000	21,033,000	30,252,000	30,252,000	30,252,000	8,895,000	5,182,000	5,182,000
capital contribution from/ (repurchase of) mezzanine classified noncontrolling interests shareholders
net (decrease)/ increase in cash and cash equivalents
(reversal of) /allowance for provision for doubtful accounts
allowance for (reversal of) provision for doubtful debts																																	5,974,000									921,000				921,000					6,587,000
gain on disposal of property, equipment and software
capital injection from noncontrolling interests shareholders																																	15,000	15,000	15,000
adjustments to reconcile net income to net cash provided by operating activities:
(reversal of)/allowance for provision for doubtful debts																																			5,974,000
capital contribution from mezzanine classified noncontrolling interests shareholders
unrealized exchange loss
dividend from an associated company
capital contribution from noncontrolling interests and mezzanine classified noncontrolling interests
allowance for/(reversal of) provision for doubtful accounts
(gain)/loss on disposal of property, equipment and software
net equity share of (income)/losses from associated companies
cash flows from investing activities
share repurchase financed by accounts payable
dividend payable
capital contribution from non-controlling interests																																				100,000	100,000	100,000
reversal of provision for doubtful debts
adjustments to reconcile net profit to net cash from operating activities:
(reversal of) allowance for provision for doubtful debts
amortization of (discount) premium of short-term investments
transfer from (to) restricted cash
net cash provided by financing activities
net increase (decrease) in cash and cash equivalents
supplemental schedule of non-cash investing
and financing activities:
impairment loss for license right
net equity share of losses/(income) from associated companies
others																																										2,894,000	2,894,000	2,894,000	2,894,000	2,894,000	2,894,000
purchase of license right
payments of other long-term payable
capital injection by noncontrolling shareholders
net cash provided by (used in) financing activities
adjustments to reconcile net profit to net cash provided by operating activities:
unrealized exchange (gains) loss																																							7,763,000
amortization of premium (discount) of short-term investments
purchase of shares
withholding income tax paid associated with the repatriation of cash for a special dividend																																							5,000,000	5,000,000	5,000,000
net equity share of (gain) loss from associated companies																																								339,000
amortization of discount and premium of short-term investments
transfer (to) from restricted cash																																										79,346,000	79,346,000	79,346,000	79,346,000	79,346,000	79,346,000
net cash from (used in) financing activities																																									83,458,000
net change in time deposits with terms of three months																																										117,997,000	117,997,000	117,997,000	117,997,000	117,997,000	117,997,000	231,682,000	231,682,000	231,682,000
payment of other long-term payable
net cash from/ used in financing activities
long-term investments
net increase in other assets
capital contribution from noncontrolling interests
withholding income tax paid associated with the repatriationof cash for a special dividend
allowance for (reversal of) benefit from doubtful debts																																											921,000				921,000
net equity share of gain from associated companies																																											256,000
allowance for benefit from doubtful debts																																													921,000
(gain) loss on disposal of property, equipment and software
unrealized exchange (gains) losses
net equity share of (gain) income from associated companies																																													256,000
net equity share of income from associated companies																																															256,000
purchase of held-to-maturity investments
proceeds from disposals of held-to-maturity investments
uplift of matured time deposits																																																2,157,008,000	2,157,008,000	2,157,008,000	1,006,381,000	2,540,391,000	2,540,391,000
net increase in cash																																																384,460,000	384,460,000	384,460,000	641,782,000	401,815,000	401,815,000
cash, beginning of the period																																																1,285,137,000	1,285,137,000	1,285,137,000	1,443,105,000	1,041,290,000	1,041,290,000
cash, end of the period																																																1,669,597,000	1,669,597,000	1,669,597,000	2,084,887,000	1,443,105,000	1,443,105,000
supplemental schedule of non-cash investing and financing activities
investments in associated companies
loss on disposal of property,equipment and software																																																		4,000
transfer from/(to) restricted cash																																																					91,864,000
supplemental schedule of non-cash investing and
net change in time deposits with terms
of three months
prepayment for land use right
incentive received on land use right
prepayment of license right
prepayment for royalties
repurchase of company shares
payments for other long-term payable
cash, beginning of the year
cash, end of the year
treasury stock cancellation
conversion of convertible notes to ordinary shares
transfer from restricted cash																																																				91,864,000
net equity share of loss (profit) from associated companies																																																					132,000
deferred tax assets																																																					11,949,000
deferred tax assets - non-current
prepayment for license right
decrease in other long-term payable
payment for license rights
net cash paid upon closure of vie
net profit
allowance/(reversal) of provision for doubtful debts
amortization of issuance cost of convertible notes
write-off of property, equipment and software
equity share of loss from associated companies
share of loss by minority interests
deferred tax liabilities
accrued liabilities
capital contribution from minority shareholders
depreciation
(reversal)/benefit from doubtful debts
net equity share of income from an associated company
deferred assets
deferred tax assets—current
deferred tax assets—non-current
deferred tax liabilities—current
decrease in held-to-maturity investments
net cash paid upon closure of a variable interest entity
net (increase)/decrease in other assets
minority interests
net increase/(decrease) in cash
interest paid
stock-based compensation cost
non-cash exchange losses
deferred tax assets — current
deferred tax assets — non-current
deferred tax liabilities — current
net change in time deposits with terms of three months or less
uplift/rollover of matured time deposits
net decrease in other assets
increase in other long-term payable
non-cash share compensation cost
provision for doubtful debts
increase in held-to-maturity investments
proceed from employees exercising stock options
capital injection from minority interests
cash, beginning of the year/quarter
cash, end of the year/quarter
supplemental schedule of non-cash investing and financing activites:
treasurty stock cancellation
deferred tax assets - current
deferred tax liabilities - current
adjustments for:
share compensation cost
amortization of issuance cost of zero coupon convertible subordinated notes
exchange losses
decrease in accounts receivable
decrease in prepayments and other current assets
decrease in deferred assets
decrease in deferred tax assets
increase in accounts payable and other liabilities
increase in deferred revenue
increase in salary and welfare payable
increase in taxes payable
increase in deferred tax liabilities
increase in accrued liabilities
increase in time deposit
decrease in non-current deposit
cash paid during the year/quarter for income taxes
cash paid during the year/quarter for interest
net exchange loss
compensation costs, arising from transfer of ordinary shares and issuance of stock options in the company to senior management personnel and some non-employees of the company
amortization of issuance cost of convertible note
decrease in due from/to related parties
increase in accounts payable
increase in time deposits
decrease in non-current rental deposit
re-purchase of ordinary shares
proceeds from issuance of zero coupon convertible subordinated notes
payment for issuance cost of convertible notes
effect of exchange rate changes on cash
decrease in restricted cash
cash, beginning of year
cash, end of year
cash paid during the year for income taxes
cash paid during the year for interest
compensation costs, arising from transfer of ordinary shares and issuance of stock options in the company to employees and certain consultants of the company
benefit from doubtful debts
write down of property, equipment and software
increase in prepayments and other current assets
increase in due from/to related parties
increase in deferred tax assets
decrease in temporary cash investments
proceeds from disposal of convertible preference shares
increase in non-current rental deposit
repayment of short-term bank loans
collection of subscriptions receivable for series b preference shares issued in 2000 and collection of outstanding subscriptions receivable
amortization of issuance cost of convertible bonds
decrease in due from related parties
increase in non-current deposit
effect of change rate changes on cash
add: increase in restricted cash
write down of investment in convertible note
write down of investment in convertible preference shares
benefit from uncollectible subscriptions receivable
increase in deferred assets
increase in temporary cash investments
increase in investment in convertible note
proceeds from short-term bank loans
proceeds from issuance of ordinary shares upon exercise of employee stock options

NetEase, Inc(NASDAQ:NTES)

NetEase, Inc
(NASDAQ:NTES)