Business Segments NetEase, Inc.

Stocks

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197.80 ^HKD	+1.75%		+1.44%	-7.83%

06-03	DeepSeek Poised to Raise $7.39 billion From First Funding Round	MT
06-03	DeepSeek slated to raise $7 billion in maiden funding round, sources say	RE

Breakdown by Business Segment (CNY)

Fiscal Period: December	2021	2022	2023	2024	2025
Entertainment Software
Games and Related Value-Added Services	62.81B	74.57B	81.57B	83.62B	92.15B
Gross Profit	40.71B	46.78B	55.63B	57.48B	64.24B
D&A	252M	339M	223M	246M	277M
Entertainment Services
NetEase Cloud Music	7B	8.99B	7.87B	7.95B	7.76B
Gross Profit	143M	1.29B	2.1B	2.68B	2.77B
D&A	3.83M	6.04M	2.45M	3.03M	699K
Home Decor Accessories
Innovative Businesses and Others (Excluding Cloud Music)	12.45B	7.92B	8.65B	8.1B	6.81B
Gross Profit	3.22B	2.11B	2.57B	2.9B	2.78B
D&A	142M	130M	60.13M	47.08M	106M
Online Education Courses
Youdao	5.35B	5.01B	5.39B	5.63B	5.91B
Gross Profit	2.91B	2.58B	2.77B	2.75B	2.62B
D&A	9.33M	11.61M	9.28M	9.12M	6.72M
Online Specialty Retail
Innovative Businesses and Others	-	-	-	-	-
Gross Profit	-	-	-	-	-
D&A	-	-	-	-	-
Broadcast Advertising
Advertising Services	-	-	-	-	-
Gross Profit	-	-	-	-	-
D&A	-	-	-	-	-
Online Services
e-Commerce	-	-	-	-	-
Gross Profit	-	-	-	-	-
D&A	-	-	-	-	-
e-mail, e-commerce and others	-	-	-	-	-
Gross Profit	-	-	-	-	-

Geographical breakdown of sales (CNY)

Fiscal Period: December	2021	2022	2023	2024	2025
China	87.61B	96.5B	103B	105B	113B
Total Assets	154B	173B	186B	196B	221B
Interest Expense	-191M	-650M	-884M	-598M	-334M
Income Tax Expense	4.13B	5.03B	4.7B	5.46B	6.03B
D&A	3.28B	-	3.06B	2.42B	2.25B
CAPEX	-3.11B	-	-2.3B	-1.28B	-1.07B
Gross Profit	46.97B	52.77B	63.06B	65.81B	72.4B
Net Income	16.86B	20.34B	29.42B	29.7B	33.76B
EBT	21.1B	24.25B	34.06B	35.72B	40.83B
Operating Income	16.42B	19.63B	27.71B	29.58B	35.83B