NETEASE INC Reports 11.6% YOY Revenue Increase and 17.0% YOY Net Income Increase for Q3 FY2023
December 17, 2023
☀️Earnings Overview
On November 16 2023, NETEASE INC ($SGX:K3MD) reported total revenue of CNY 27.3 billion and net income of CNY 7.8 billion for the third quarter of FY2023 ending September 30 2023, demonstrating a year-over-year growth of 11.6% and 17.0%, respectively.
Analysis
GoodWhale has conducted an analysis of NETEASE INC‘s financials and found the company to have a high health score of 10/10 when it comes to cashflows and debt. This indicates that NETEASE INC is capable of riding out any crisis without the risk of bankruptcy. Furthermore, the company is strong in asset, dividend, growth and profitability, and is classified as a ‘gorilla’ – a type of company that demonstrates stable and high revenue or earning growth due to its strong competitive advantage. Investors who are looking for a secure, high-performing company with a long-term promise of growth and stability may be interested in NETEASE INC. The company’s strong financials and competitive advantage ensure that it is well-positioned to remain on a successful trajectory for the foreseeable future. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Netease Inc. More…
| Total Revenues | Net Income | Net Margin |
| 101.68k | 26.79k | 25.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Netease Inc. More…
| Operations | Investing | Financing |
| 32.53k | -2.45k | -32.79k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Netease Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 171.58k | 47.63k | 186.03 |
Key Ratios Snapshot
Some of the financial key ratios for Netease Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.4% | 20.3% | 24.9% |
| FCF Margin | ROE | ROA |
| 27.9% | 13.5% | 9.2% |
Summary
NETEASE INC reported strong financial results for the third quarter of FY2023, with total revenue of CNY 27.3 billion and net income of CNY 7.8 billion. This represents a 11.6% and 17.0% year-over-year increase, respectively. This increase shows strong growth for the company and is likely to be attractive to investors. Going forward, investors should watch closely for future developments in NETEASE INC and determine whether or not the company is a good investment option.
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