NETEASE INC Reports Q2 FY2023 Earnings Results on August 24 2023

August 26, 2023

🌥️Earnings Overview

On August 24, 2023, NETEASE INC ($SGX:K3MD) announced its earnings results for the second quarter of FY2023. Total revenue for the three-month period ended June 30, 2023 was CNY 24.0 billion, representing a 3.7% year-over-year increase. Net income was CNY 8.2 billion, rising by 55.8% compared to the same period in the previous year.

Stock Price

On Thursday, August 24 2023, NETEASE INC reported its second quarter earnings of FY2023. At the market close, the stock opened at SG$9.1 and closed at SG$9.1, unchanged from the previous day. The strong performance was attributed to the success of NETEASE INC’s new product lines and services. NETEASE INC’s strong financial performance is a testament to the company’s ability to innovate and develop new products and services to meet customer needs.

In addition, the company’s focus on cost control measures has allowed it to mitigate risks and maintain a healthy financial position. As a result of this strong performance, NETEASE INC’s stock price has remained stable throughout the second quarter. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Netease Inc. More…

    Total Revenues Net Income Net Margin
    98.84k 25.65k 22.6%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Netease Inc. More…

    Operations Investing Financing
    30.17k -951.66 -33.12k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • 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
    167.91k 49.64k 177.17
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • 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
    14.6% 14.5% 22.7%
    FCF Margin ROE ROA
    27.0% 12.6% 8.4%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we believe in the power of data to inform your investment decisions. That is why we have taken a closer look at NETEASE INC‘s fundamentals to help you make the right choice. We have scored NETEASE INC’s financial and business aspects with our Risk Rating system and found that it is a low risk investment. This means that you can be assured that NETEASE INC has been actively managing its financials in a way that minimizes risk. However, our analysis did detect one risk warning in NETEASE INC’s balance sheet. If you are interested in learning more about this, please register with us and check it out. We are here to help you make the best investments possible. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Summary

    NETEASE INC posted strong second quarter results for FY2023, with revenue increasing 3.7% year-over-year to CNY 24 billion and net income growing an impressive 55.8% to CNY 8.2 billion. These figures demonstrate the company’s continued growth and resilience in the face of global economic challenges, making it an attractive investment option for investors. The business model and strategies implemented by the company have proven effective and allowed it to consistently outperform expectations. With the recent Q2 results, NETEASE INC is a strong option for long-term investors seeking to benefit from its continued success.

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