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NTES (NetEase Inc) Stock Analysis
Buy, Hold or Sell?

Let's analyze NetEase Inc together

I guess you are interested in NetEase Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • πŸ“Š Fundamental Analysis (FA) – NetEase Inc’s Financial Insights
  • πŸ“ˆ Technical Analysis (TA) – NetEase Inc’s Price Targets

I'm going to help you getting a better view of NetEase Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of NetEase Inc (30 sec.)










1.2. What can you expect buying and holding a share of NetEase Inc? (30 sec.)

How much money do you get?

How much money do you get?
$2.55
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
$32.14
Expected worth in 1 year
$35.53
How sure are you?
92.5%

+ What do you gain per year?

Total Gains per Share
$5.94
Return On Investment
4.5%

For what price can you sell your share?

Current Price per Share
$133.28
Expected price per share
$109.20 - $
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of NetEase Inc (5 min.)




Live pricePrice per Share (EOD)
$133.28
Intrinsic Value Per Share
$61.46 - $160.06
Total Value Per Share
$93.60 - $192.20

2.2. Growth of NetEase Inc (5 min.)




Is NetEase Inc growing?

Current yearPrevious yearGrowGrow %
How rich?$20.6b$18b$1.5b7.7%

How much money is NetEase Inc making?

Current yearPrevious yearGrowGrow %
Making money$1.1b$1b$72.1m6.4%
Net Profit Margin30.0%28.9%--

How much money comes from the company's main activities?

2.3. Financial Health of NetEase Inc (5 min.)




2.4. Comparing to competitors in the Electronic Gaming & Multimedia industry (5 min.)




  Industry Rankings (Electronic Gaming & Multimedia)  


Richest
#2 / 123

Most Revenue
#3 / 123

Most Profit
#3 / 123
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of NetEase Inc?

Welcome investor! NetEase Inc's management wants to use your money to grow the business. In return you get a share of NetEase Inc.

First you should know what it really means to hold a share of NetEase Inc. And how you can make/lose money.

Speculation

The Price per Share of NetEase Inc is $133.28. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of NetEase Inc.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in NetEase Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $32.14. Based on the TTM, the Book Value Change Per Share is $0.85 per quarter. Based on the YOY, the Book Value Change Per Share is $0.85 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.64 per quarter.
Based on historical numbers we can estimate the returns while holding a share of NetEase Inc.

How much money are you going to get?

 MRQTTMYOY3Y5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps2.241.7%1.751.3%1.621.2%1.551.2%1.240.9%0.780.6%
Usd Book Value Change Per Share1.170.9%0.850.6%0.850.6%0.940.7%0.940.7%0.680.5%
Usd Dividend Per Share1.210.9%0.640.5%0.630.5%0.550.4%0.420.3%0.300.2%
Usd Total Gains Per Share2.381.8%1.491.1%1.471.1%1.491.1%1.361.0%0.980.7%
Usd Price Per Share102.92-95.31-98.37-92.06-129.00-185.01-
Price to Earnings Ratio11.49-14.10-15.23-15.47-37.74-1,654.34-
Price-to-Total Gains Ratio43.25-102.11-69.02-82.15-206.46-635.05-
Price to Book Ratio3.20-3.16-3.55-3.41-6.18-16.22-
Price-to-Total Gains Ratio43.25-102.11-69.02-82.15-206.46-635.05-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share133.28
Number of shares7
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.640.42
Usd Book Value Change Per Share0.850.94
Usd Total Gains Per Share1.491.36
Gains per Quarter (7 shares)10.409.49
Gains per Year (7 shares)41.5937.97
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1182432122628
2364774235366
354711163579104
4719515847105142
58911920058132180
610714224270158218
712516628482184256
814319032693210294
9161214368105237332
10179237410117263370

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%91.02.00.097.8%
Book Value Change Per Share3.00.01.075.0%11.00.01.091.7%14.02.04.070.0%22.04.014.055.0%56.010.027.060.2%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%50.00.043.053.8%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%18.02.00.090.0%37.03.00.092.5%76.09.08.081.7%
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3.2. Key Performance Indicators

The key performance indicators of NetEase Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share--1.1660.847+38%0.846+38%0.943+24%0.939+24%0.679+72%
Book Value Per Share--32.14430.232+6%27.701+16%27.131+18%23.588+36%16.461+95%
Current Ratio--3.2093.095+4%2.773+16%2.772+16%2.578+24%2.571+25%
Debt To Asset Ratio--0.2640.267-1%0.297-11%0.305-14%0.344-23%0.352-25%
Debt To Equity Ratio--0.3680.375-2%0.436-15%0.460-20%0.550-33%0.570-35%
Dividend Per Share--1.2140.638+90%0.629+93%0.548+122%0.417+191%0.305+298%
Enterprise Value--78145082309.40072737488222.500+7%73608066645.250+6%69317950368.550+13%93921099435.564-17%127161866673.448-39%
Eps--2.2391.748+28%1.623+38%1.552+44%1.239+81%0.777+188%
Ev To Ebitda Ratio--12.83215.272-16%17.302-26%18.617-31%31.898-60%65.635-80%
Ev To Sales Ratio--4.8614.8670%5.026-3%4.806+1%7.668-37%15.462-69%
Free Cash Flow Per Share--2.4682.160+14%1.901+30%1.883+31%1.553+59%1.074+130%
Free Cash Flow To Equity Per Share--0.6660.271+146%0.694-4%0.519+28%0.742-10%0.654+2%
Gross Profit Margin--0.7380.579+27%0.496+49%0.485+52%0.265+178%0.227+225%
Intrinsic Value_10Y_max--160.056----------
Intrinsic Value_10Y_min--61.456----------
Intrinsic Value_1Y_max--8.777----------
Intrinsic Value_1Y_min--4.642----------
Intrinsic Value_3Y_max--31.906----------
Intrinsic Value_3Y_min--15.343----------
Intrinsic Value_5Y_max--61.707----------
Intrinsic Value_5Y_min--27.492----------
Market Cap84392631572.480+22%65999755408.00061589431151.500+7%63985790493.000+3%59898042543.833+10%86198037864.574-23%122202879786.363-46%
Net Profit Margin--0.3570.300+19%0.289+23%0.274+31%0.235+52%0.238+50%
Operating Margin--0.3620.300+21%0.267+36%0.252+44%0.227+59%0.232+56%
Operating Ratio--0.6380.700-9%0.733-13%0.738-14%0.767-17%0.766-17%
Pb Ratio4.146+23%3.2023.156+1%3.552-10%3.411-6%6.183-48%16.222-80%
Pe Ratio14.880+23%11.49014.104-19%15.228-25%15.469-26%37.739-70%1654.340-99%
Price Per Share133.280+23%102.92095.305+8%98.370+5%92.061+12%128.997-20%185.007-44%
Price To Free Cash Flow Ratio13.500+23%10.42512.044-13%13.351-22%12.921-19%28.535-63%124.648-92%
Price To Total Gains Ratio56.003+23%43.246102.109-58%69.018-37%82.147-47%206.456-79%635.048-93%
Quick Ratio--4.9904.951+1%4.564+9%4.533+10%4.244+18%3.969+26%
Return On Assets--0.0510.042+22%0.041+24%0.039+32%0.033+54%0.038+35%
Return On Equity--0.0720.059+21%0.060+18%0.058+24%0.051+39%0.059+21%
Total Gains Per Share--2.3801.485+60%1.475+61%1.491+60%1.356+75%0.984+142%
Usd Book Value--20612972613.60019531233353.200+6%18017908382.050+14%17644088439.817+17%15530053226.410+33%10825505150.795+90%
Usd Book Value Change Per Share--1.1660.847+38%0.846+38%0.943+24%0.939+24%0.679+72%
Usd Book Value Per Share--32.14430.232+6%27.701+16%27.131+18%23.588+36%16.461+95%
Usd Dividend Per Share--1.2140.638+90%0.629+93%0.548+122%0.417+191%0.305+298%
Usd Enterprise Value--78145082309.40072737488222.500+7%73608066645.250+6%69317950368.550+13%93921099435.564-17%127161866673.448-39%
Usd Eps--2.2391.748+28%1.623+38%1.552+44%1.239+81%0.777+188%
Usd Free Cash Flow--1582721114.0001393696526.200+14%1236745578.300+28%1223859616.550+29%1020603383.040+55%705463942.830+124%
Usd Free Cash Flow Per Share--2.4682.160+14%1.901+30%1.883+31%1.553+59%1.074+130%
Usd Free Cash Flow To Equity Per Share--0.6660.271+146%0.694-4%0.519+28%0.742-10%0.654+2%
Usd Market Cap84392631572.480+22%65999755408.00061589431151.500+7%63985790493.000+3%59898042543.833+10%86198037864.574-23%122202879786.363-46%
Usd Price Per Share133.280+23%102.92095.305+8%98.370+5%92.061+12%128.997-20%185.007-44%
Usd Profit--1435981285.8001127913977.000+27%1055810860.400+36%991585830.250+45%802396910.760+79%605851846.300+137%
Usd Revenue--4018699173.0003738430594.000+7%3668785413.050+10%3607345652.983+11%3333740830.770+21%2583906279.170+56%
Usd Total Gains Per Share--2.3801.485+60%1.475+61%1.491+60%1.356+75%0.984+142%
 EOD+4 -4MRQTTM+35 -5YOY+34 -63Y+37 -35Y+30 -1010Y+32 -8

3.3 Fundamental Score

Let's check the fundamental score of NetEase Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1514.880
Price to Book Ratio (EOD)Between0-14.146
Net Profit Margin (MRQ)Greater than00.357
Operating Margin (MRQ)Greater than00.362
Quick Ratio (MRQ)Greater than14.990
Current Ratio (MRQ)Greater than13.209
Debt to Asset Ratio (MRQ)Less than10.264
Debt to Equity Ratio (MRQ)Less than10.368
Return on Equity (MRQ)Greater than0.150.072
Return on Assets (MRQ)Greater than0.050.051
Total8/10 (80.0%)

3.4 Technical Score

Let's check the technical score of NetEase Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5062.881
Ma 20Greater thanMa 50131.963
Ma 50Greater thanMa 100122.063
Ma 100Greater thanMa 200111.306
OpenGreater thanClose134.880
Total5/5 (100.0%)

4. In-depth Analysis

4.1 About NetEase Inc

NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally. The company operates through Games and Related Value-Added Services; Youdao; NetEase Cloud Music; and Innovative Businesses and Others segments. It develops and operates mobile and PC games; and offers games licensed from other developers. The company also provides live streaming service, and other related or ancillary value-added services related to games, such as the sale of game-themed merchandise. In addition, it offers digital content services with interactive learning features, including Youdao Lingshi and Youdao Literature; STEAM courses consisting computer coding courses and other STEAM courses; and adult courses, such as China University massive open online course. Further, the company provides Youdao Dictionary, an online language tool; Confucius, a large language model for the education sector; Hi Echo, an AI-driven virtual English-speaking tutor; Mr. P AI Tutor, a conversation-based tool; Youdao Desktop Translation, a desktop dictionary tool; U-Dictionary, an online dictionary and translation app; iRecord, an audio transcription tool; LectMate, an interpretation software for study-abroad lecture scenarios; iArch, an AI home design software; Baby Genius, an AI baby generator; and One Translate Translator, a translation tool for travelers. It also offers online marketing services consisting of performance-based advertising services, and global marketing and promotion services through banners, text links, videos, logos, buttons, and rich media. Additionally, the company develops and offers smart devices, including Youdao Dictionary Pen, Youdao Listening Pod, and Youdao Smart Learning Pad. The company was formerly known as NetEase.com, Inc. and changed its name to NetEase, Inc. in March 2012. NetEase, Inc. was founded in 1997 and is headquartered in Hangzhou, the People's Republic of China.

Fundamental data was last updated by Penke on 2025-06-19 13:41:03.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is cheap.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profitΒ NetEase Inc earns for each $1 of revenue.

  • Above 10% is considered healthy but always compareΒ NetEase Inc to theΒ Electronic Gaming & Multimedia industry mean.
  • A Net Profit Margin of 35.7%Β means thatΒ $0.36 for each $1Β in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of NetEase Inc:

  • The MRQ is 35.7%. The company is making a huge profit. +2
  • The TTM is 30.0%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ35.7%TTM30.0%+5.7%
TTM30.0%YOY28.9%+1.1%
TTM30.0%5Y23.5%+6.5%
5Y23.5%10Y23.8%-0.3%
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ35.7%2.5%+33.2%
TTM30.0%-2.1%+32.1%
YOY28.9%0.8%+28.1%
3Y27.4%-1.9%+29.3%
5Y23.5%-1.6%+25.1%
10Y23.8%1.5%+22.3%
4.3.1.2. Return on Assets

Shows howΒ efficientΒ NetEase Inc is using its assets to generate profit.

  • Above 5% is considered healthyΒ but always compareΒ NetEase Inc to theΒ Electronic Gaming & Multimedia industry mean.
  • 5.1% Return on Assets means thatΒ NetEase Inc generatedΒ $0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of NetEase Inc:

  • The MRQ is 5.1%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 4.2%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ5.1%TTM4.2%+0.9%
TTM4.2%YOY4.1%+0.1%
TTM4.2%5Y3.3%+0.9%
5Y3.3%10Y3.8%-0.5%
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ5.1%0.4%+4.7%
TTM4.2%-0.2%+4.4%
YOY4.1%0.3%+3.8%
3Y3.9%-0.2%+4.1%
5Y3.3%-0.2%+3.5%
10Y3.8%1.3%+2.5%
4.3.1.3. Return on Equity

Shows how efficient NetEase Inc is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compareΒ NetEase Inc to theΒ Electronic Gaming & Multimedia industry mean.
  • 7.2% Return on Equity means NetEase Inc generated $0.07Β for eachΒ $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of NetEase Inc:

  • The MRQ is 7.2%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 5.9%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ7.2%TTM5.9%+1.3%
TTM5.9%YOY6.0%-0.1%
TTM5.9%5Y5.1%+0.7%
5Y5.1%10Y5.9%-0.8%
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ7.2%0.6%+6.6%
TTM5.9%-0.2%+6.1%
YOY6.0%0.5%+5.5%
3Y5.8%-0.6%+6.4%
5Y5.1%-0.4%+5.5%
10Y5.9%2.0%+3.9%
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4.3.2. Operating Efficiency of NetEase Inc.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

MeasuresΒ how efficient NetEase Inc is operatingΒ .

  • Measures how much profit NetEase Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compareΒ NetEase Inc to theΒ Electronic Gaming & Multimedia industry mean.
  • An Operating Margin of 36.2%Β means the company generated $0.36 Β for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of NetEase Inc:

  • The MRQ is 36.2%. The company is operating very efficient. +2
  • The TTM is 30.0%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ36.2%TTM30.0%+6.2%
TTM30.0%YOY26.7%+3.4%
TTM30.0%5Y22.7%+7.3%
5Y22.7%10Y23.2%-0.5%
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ36.2%8.5%+27.7%
TTM30.0%0.2%+29.8%
YOY26.7%1.1%+25.6%
3Y25.2%0.9%+24.3%
5Y22.7%3.8%+18.9%
10Y23.2%4.7%+18.5%
4.3.2.2. Operating Ratio

Measures how efficient NetEase Inc is keepingΒ operating costsΒ low.

  • Below 1 is considered healthy (always compare toΒ Electronic Gaming & Multimedia industry mean).
  • An Operation Ratio of 0.64 means that the operating costs are $0.64 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of NetEase Inc:

  • The MRQ is 0.638. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.700. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.638TTM0.700-0.062
TTM0.700YOY0.733-0.034
TTM0.7005Y0.767-0.067
5Y0.76710Y0.766+0.001
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6381.241-0.603
TTM0.7001.148-0.448
YOY0.7331.052-0.319
3Y0.7381.110-0.372
5Y0.7671.061-0.294
10Y0.7661.002-0.236
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4.4.3. Liquidity of NetEase Inc.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if NetEase Inc is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare toΒ Electronic Gaming & Multimedia industry mean).
  • A Current Ratio of 3.21Β means the company has $3.21 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of NetEase Inc:

  • The MRQ is 3.209. The company is very able to pay all its short-term debts. +2
  • The TTM is 3.095. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ3.209TTM3.095+0.114
TTM3.095YOY2.773+0.321
TTM3.0955Y2.578+0.517
5Y2.57810Y2.571+0.007
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ3.2092.148+1.061
TTM3.0952.168+0.927
YOY2.7732.681+0.092
3Y2.7722.453+0.319
5Y2.5782.5780.000
10Y2.5712.552+0.019
4.4.3.2. Quick Ratio

Measures if NetEase Inc is able to pay off Short-term Debt but only usingΒ theΒ most liquid assets.

  • Above 1 is considered healthy butΒ always compareΒ NetEase Inc to theΒ Electronic Gaming & Multimedia industry mean.
  • A Quick Ratio of 4.99Β means the company can pay off $4.99 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of NetEase Inc:

  • The MRQ is 4.990. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 4.951. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ4.990TTM4.951+0.040
TTM4.951YOY4.564+0.387
TTM4.9515Y4.244+0.707
5Y4.24410Y3.969+0.276
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ4.9900.806+4.184
TTM4.9510.965+3.986
YOY4.5641.551+3.013
3Y4.5331.749+2.784
5Y4.2441.929+2.315
10Y3.9692.052+1.917
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4.5.4. Solvency of NetEase Inc.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much %Β of NetEase IncΒ assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compareΒ NetEase Inc to Electronic Gaming & Multimedia industry mean.
  • A Debt to Asset Ratio of 0.26Β means that NetEase Inc assets areΒ financed with 26.4% credit (debt) and the remaining percentage (100% - 26.4%)Β is financed by its owners/shareholders.Β 

Let's take a look of the Debt to Asset Ratio trends of NetEase Inc:

  • The MRQ is 0.264. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.267. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.264TTM0.267-0.004
TTM0.267YOY0.297-0.029
TTM0.2675Y0.344-0.076
5Y0.34410Y0.352-0.008
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2640.290-0.026
TTM0.2670.284-0.017
YOY0.2970.260+0.037
3Y0.3050.276+0.029
5Y0.3440.300+0.044
10Y0.3520.317+0.035
4.5.4.2. Debt to Equity Ratio

Measures ifΒ NetEase Inc is able toΒ pay off its debts by usingΒ shareholders equity.

  • Below 2 is considered healthy butΒ always compareΒ NetEase Inc to theΒ Electronic Gaming & Multimedia industry mean.
  • A Debt to Equity ratio of 36.8% means that company has $0.37 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of NetEase Inc:

  • The MRQ is 0.368. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.375. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.368TTM0.375-0.007
TTM0.375YOY0.436-0.061
TTM0.3755Y0.550-0.175
5Y0.55010Y0.570-0.020
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3680.383-0.015
TTM0.3750.391-0.016
YOY0.4360.352+0.084
3Y0.4600.380+0.080
5Y0.5500.396+0.154
10Y0.5700.446+0.124
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

MeasuresΒ how much money you payΒ for each share forΒ every $1 in earnings NetEase Inc generates.

  • Above 15 is considered overpriced butΒ always compareΒ NetEase Inc to theΒ Electronic Gaming & Multimedia industry mean.
  • A PE ratio of 11.49 means the investor is paying $11.49Β for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of NetEase Inc:

  • The EOD is 14.880. Based on the earnings, the company is underpriced. +1
  • The MRQ is 11.490. Based on the earnings, the company is underpriced. +1
  • The TTM is 14.104. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD14.880MRQ11.490+3.389
MRQ11.490TTM14.104-2.614
TTM14.104YOY15.228-1.124
TTM14.1045Y37.739-23.635
5Y37.73910Y1,654.340-1,616.600
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
EOD14.8806.007+8.873
MRQ11.4905.775+5.715
TTM14.1046.554+7.550
YOY15.228-0.321+15.549
3Y15.4698.873+6.596
5Y37.73914.597+23.142
10Y1,654.34013.349+1,640.991
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of NetEase Inc:

  • The EOD is 13.500. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 10.425. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 12.044. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD13.500MRQ10.425+3.075
MRQ10.425TTM12.044-1.619
TTM12.044YOY13.351-1.307
TTM12.0445Y28.535-16.492
5Y28.53510Y124.648-96.112
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
EOD13.5004.729+8.771
MRQ10.4254.553+5.872
TTM12.0440.428+11.616
YOY13.351-0.994+14.345
3Y12.921-1.625+14.546
5Y28.5351.770+26.765
10Y124.6483.132+121.516
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price ofΒ NetEase Inc is to cheap or to expensiveΒ compared to its book value.

  • At or below 1 is considered healthyΒ (always compare to Electronic Gaming & Multimedia industry mean).
  • A PB ratio of 3.20 means the investor is paying $3.20Β for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of NetEase Inc:

  • The EOD is 4.146. Based on the equity, the company is fair priced.
  • The MRQ is 3.202. Based on the equity, the company is fair priced.
  • The TTM is 3.156. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD4.146MRQ3.202+0.945
MRQ3.202TTM3.156+0.046
TTM3.156YOY3.552-0.396
TTM3.1565Y6.183-3.027
5Y6.18310Y16.222-10.039
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
EOD4.1461.674+2.472
MRQ3.2021.618+1.584
TTM3.1561.777+1.379
YOY3.5522.449+1.103
3Y3.4112.465+0.946
5Y6.1833.443+2.740
10Y16.2223.612+12.610
4.6.2. Total Gains per Share

2.4. Latest News of NetEase Inc

Does NetEase Inc still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from NetEase Inc to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2025-06-17
13:05
NTES Crosses Above Average Analyst TargetRead
2025-06-16
11:00
Bull of the Day: NetEase (NTES)Read
2025-06-12
15:40
Is NetEase (NTES) Outperforming Other Computer and Technology Stocks This Year?Read

4.7 Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of NetEase Inc.

4.8.1. Institutions holding NetEase Inc

Institutions are holding 12.538% of the shares of NetEase Inc.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2025-03-31Ninety One UK Limited0.96851.75616132802-99935-1.6034
2025-03-31UBS Asset Mgmt Americas Inc0.85030.14195384242-394271-6.8231
2025-03-31Capital World Investors0.58950.0623373299879520.2135
2025-03-31Orbis Allan Gray Ltd0.57882.15753664973-366980-9.1018
2025-03-31Lazard Asset Management LLC0.57070.5713613724139300.387
2025-03-31Greenwoods Asset Management Hong Kong Ltd.0.564611.3993575098-57772-1.5903
2025-03-31Mirae Asset Global Investments (Korea) Co Ltd0.44490.0056281702127808977698.1979
2025-03-31Dodge & Cox0.44280.164528036641537885.8036
2025-03-31Hillhouse Capital Advisors, Ltd.0.42157.76012668697797543.0806
2025-03-31Wellington Management Company LLP0.3140.039419885411049023111.6554
2025-03-31T. Rowe Price Associates, Inc.0.31240.0251197783569719254.4408
2025-03-31Arrowstreet Capital Limited Partnership0.30580.16171936275-80190-3.9768
2025-03-31Amvescap Plc.0.29860.03691890755-474709-20.0683
2025-03-31Massachusetts Financial Services Company0.27520.05961742385-23942-1.3555
2025-03-31Fidelity International Ltd0.26150.16191655715-12644-0.7579
2025-03-31Fisher Asset Management, LLC0.18560.05241175122280882.4488
2025-03-31FMR Inc0.18180.0076115117937363748.0536
2025-03-31Morgan Stanley - Brokerage Accounts0.18110.00841147030-438535-27.658
2025-03-31Renaissance Technologies Corp0.16330.16111034088472004.7827
2024-12-31UBS Group AG0.13120.0137830935-11864-1.4077
Total 8.042124.745850923079+3270619+6.4%

4.9.2. Funds holding NetEase Inc

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2024-09-30UBS China Equity Opportunity0.45427.71052876164-79426-2.6873
2025-02-28Ninety One GSF Glb Frchs I Acc USD0.4333.2045274145800
2024-12-31Ninety One Global Franchise0.4332.9027274145800
2025-03-31Dodge & Cox International Stock I0.41950.53426564141482885.9123
2025-04-30UBS (Lux) EF China Oppo(USD) P USD acc0.39439.5454249680400
2025-03-31American Funds Income Fund of Amer A0.33880.1721214513736387420.4279
2025-03-31Orbis SICAV Em Mkt Eq Inv0.29478.72141865739-289980-13.4517
2025-01-27MUAM Emerging Eq Index Mother0.26730.4898169279527560019.4469
2025-03-31Invesco Emerging Markets Equity0.25541.11981616956-372388-18.7191
2025-04-30Invesco Developing Markets A0.25511.20271615090-1866-0.1154
2025-04-30MFS Emerging Markets Equity A0.22211.8556140625980370.5748
2025-03-31MFS Emerging Markets Equity0.22081.78741398222265661.9368
2025-04-30Harding Loevner International Eq Instl0.19651.0913124447212310259154.6442
2024-09-30UBS All China Equity0.18446.9294116733900
2025-04-30UBS (Lux) ES All China (USD) P acc0.1739.5097109561500
2025-03-31American Funds New Economy A0.15520.3023982787-3675-0.3725
2025-03-31Capital Group New Economy Comp0.15520.3023982787-3675-0.3725
2025-03-31T. Rowe Price Emerging Mkts Equity Trust0.1521.617596240639921370.8839
2025-03-31T. Rowe Price Emerging Markets Eq Tr-A0.1521.617596240639921370.8839
2025-03-31T. Rowe Price Emerging Markets Stock0.12411.63317856418750012.5333
Total 5.280662.24933435949+2188306+6.5%
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5. Financial Statements




5.1. Latest Balance Sheet

Balance Sheet of 2025-03-31. Currency in CNY. All numbers in thousands.

Summary
Total Assets200,858,132
Total Liabilities52,988,888
Total Stockholder Equity143,834,194
 As reported
Total Liabilities 52,988,888
Total Stockholder Equity+ 143,834,194
Total Assets = 200,858,132

Assets

Total Assets200,858,132
Total Current Assets157,670,710
Long-term Assets43,187,422
Total Current Assets
Cash And Cash Equivalents 41,748,614
Short-term Investments 98,366,005
Net Receivables 6,742,202
Inventory 517,787
Other Current Assets 10,296,102
Total Current Assets  (as reported)157,670,710
Total Current Assets  (calculated)157,670,710
+/-0
Long-term Assets
Property Plant Equipment 8,454,460
Goodwill 1,855,293
Long Term Investments 3,025,000
Intangible Assets 4,140,969
Long-term Assets Other 26,283,320
Long-term Assets  (as reported)43,187,422
Long-term Assets  (calculated)43,759,042
+/- 571,620

Liabilities & Shareholders' Equity

Total Current Liabilities49,138,183
Long-term Liabilities3,850,705
Total Stockholder Equity143,834,194
Total Current Liabilities
Short-term Debt 9,824,016
Short Long Term Debt 9,824,016
Accounts payable 565,140
Other Current Liabilities 16,442,729
Total Current Liabilities  (as reported)49,138,183
Total Current Liabilities  (calculated)36,655,901
+/- 12,482,282
Long-term Liabilities
Long-term Liabilities Other 1,179,135
Long-term Liabilities  (as reported)3,850,705
Long-term Liabilities  (calculated)1,179,135
+/- 2,671,570
Total Stockholder Equity
Common Stock2,631
Other Stockholders Equity 143,834,194
Total Stockholder Equity (as reported)143,834,194
Total Stockholder Equity (calculated)143,836,825
+/- 2,631
Other
Cash and Short Term Investments 140,114,619
Common Stock Shares Outstanding 641,272
Current Deferred Revenue17,748,602
Liabilities and Stockholders Equity 200,858,132
Net Debt -31,924,598
Net Invested Capital 153,658,210
Net Working Capital 108,532,527
Property Plant and Equipment Gross 8,454,460
Short Long Term Debt Total 9,824,016



5.2. Balance Sheets Structured

Currency in CNY. All numbers in thousands.

 Trend2025-03-312024-12-312024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312001-09-302001-06-302001-03-312000-12-312000-09-302000-06-302000-03-31
> Total Assets 
0
992,133
977,545
992,735
0
0
0
674,914
674,914
582,000
574,000
619,535
619,535
786,220
1,698,515
1,787,005
1,787,005
2,154,951
2,293,866
2,450,140
2,450,140
2,954,335
3,427,906
3,624,986
3,624,986
3,966,814
4,198,850
4,373,708
4,373,708
4,203,521
4,306,476
4,685,659
4,685,659
5,480,885
5,959,180
6,345,893
6,345,893
7,448,748
7,946,449
8,803,469
8,803,469
9,853,675
10,680,804
11,586,662
11,586,662
13,327,529
14,462,760
15,444,931
15,444,931
18,441,411
18,441,411
19,277,956
19,277,956
21,982,426
22,986,334
24,546,330
24,546,330
28,443,077
28,443,077
30,354,671
30,354,671
37,206,585
37,206,585
41,157,430
41,157,430
49,655,423
49,655,423
58,031,860
58,031,860
66,499,523
66,499,523
71,031,415
71,031,415
79,988,987
79,988,987
86,967,928
86,967,928
105,823,818
105,823,818
112,124,371
112,124,371
144,731,644
144,731,644
141,874,582
141,874,582
154,857,023
147,788,304
153,643,924
153,643,924
168,179,586
172,707,671
172,760,985
167,905,722
171,575,005
185,924,978
195,064,872
183,342,621
183,342,621
184,896,274
195,991,550
200,858,132
200,858,132195,991,550184,896,274183,342,621183,342,621195,064,872185,924,978171,575,005167,905,722172,760,985172,707,671168,179,586153,643,924153,643,924147,788,304154,857,023141,874,582141,874,582144,731,644144,731,644112,124,371112,124,371105,823,818105,823,81886,967,92886,967,92879,988,98779,988,98771,031,41571,031,41566,499,52366,499,52358,031,86058,031,86049,655,42349,655,42341,157,43041,157,43037,206,58537,206,58530,354,67130,354,67128,443,07728,443,07724,546,33024,546,33022,986,33421,982,42619,277,95619,277,95618,441,41118,441,41115,444,93115,444,93114,462,76013,327,52911,586,66211,586,66210,680,8049,853,6758,803,4698,803,4697,946,4497,448,7486,345,8936,345,8935,959,1805,480,8854,685,6594,685,6594,306,4764,203,5214,373,7084,373,7084,198,8503,966,8143,624,9863,624,9863,427,9062,954,3352,450,1402,450,1402,293,8662,154,9511,787,0051,787,0051,698,515786,220619,535619,535574,000582,000674,914674,914000992,735977,545992,1330
   > Total Current Assets 
0
933,180
892,428
908,196
0
0
0
626,977
626,977
550,000
545,000
589,700
589,700
749,877
1,644,070
1,733,068
1,733,068
2,084,055
2,210,613
2,366,450
2,366,450
2,849,075
3,302,509
3,497,303
3,497,303
3,782,087
3,989,357
4,129,186
4,129,186
3,192,281
4,056,346
4,436,293
4,436,293
5,251,981
5,630,335
5,973,779
5,973,779
6,582,073
7,028,339
7,972,562
7,972,562
8,951,155
9,768,306
10,626,895
10,626,895
12,324,457
13,504,042
14,474,186
14,474,186
16,993,024
16,993,024
17,868,673
17,868,673
20,944,779
21,378,220
22,797,763
22,797,763
26,162,503
26,162,503
27,732,522
27,732,522
33,219,183
33,219,183
34,408,924
34,408,924
39,865,791
39,865,791
49,919,704
49,919,704
58,827,390
58,827,390
61,947,760
61,947,760
62,950,752
62,950,752
68,715,720
68,715,720
82,546,021
82,546,021
85,105,012
85,105,012
113,765,137
113,765,137
107,831,043
107,831,043
115,959,185
108,943,566
113,120,254
113,120,254
128,009,165
131,592,030
131,603,199
124,223,852
127,565,427
142,692,585
151,792,243
138,153,130
138,153,130
140,578,661
153,324,656
157,670,710
157,670,710153,324,656140,578,661138,153,130138,153,130151,792,243142,692,585127,565,427124,223,852131,603,199131,592,030128,009,165113,120,254113,120,254108,943,566115,959,185107,831,043107,831,043113,765,137113,765,13785,105,01285,105,01282,546,02182,546,02168,715,72068,715,72062,950,75262,950,75261,947,76061,947,76058,827,39058,827,39049,919,70449,919,70439,865,79139,865,79134,408,92434,408,92433,219,18333,219,18327,732,52227,732,52226,162,50326,162,50322,797,76322,797,76321,378,22020,944,77917,868,67317,868,67316,993,02416,993,02414,474,18614,474,18613,504,04212,324,45710,626,89510,626,8959,768,3068,951,1557,972,5627,972,5627,028,3396,582,0735,973,7795,973,7795,630,3355,251,9814,436,2934,436,2934,056,3463,192,2814,129,1864,129,1863,989,3573,782,0873,497,3033,497,3033,302,5092,849,0752,366,4502,366,4502,210,6132,084,0551,733,0681,733,0681,644,070749,877589,700589,700545,000550,000626,977626,977000908,196892,428933,1800
       Cash And Cash Equivalents 
0
857,830
782,464
707,705
0
0
0
479,694
479,694
527,000
522,000
559,940
559,940
728,754
1,594,380
1,356,307
1,356,307
1,701,581
1,840,829
2,123,892
2,123,892
2,642,469
1,743,278
1,685,744
1,685,744
1,700,457
1,136,395
1,206,477
1,206,477
919,332
1,205,936
2,482,821
2,482,821
2,397,836
993,189
793,408
793,408
1,282,099
1,356,305
1,041,290
1,041,290
2,084,887
1,664,110
1,285,137
1,285,137
1,844,492
1,943,529
2,214,618
2,214,618
1,184,546
1,184,546
1,590,769
1,590,769
1,363,480
917,302
1,458,298
1,458,298
2,194,934
2,194,934
2,021,453
2,021,453
6,270,082
6,270,082
6,071,487
6,071,487
4,481,803
4,481,803
5,439,499
5,439,499
2,575,522
2,575,522
2,764,140
2,764,140
4,778,084
4,778,084
5,389,198
5,389,198
2,741,419
2,741,419
3,246,373
3,246,373
6,466,250
6,466,250
9,117,219
9,117,219
9,935,805
22,266,781
14,498,157
14,498,157
16,461,908
17,999,166
24,889,000
12,766,270
15,116,464
21,428,902
43,026,904
18,982,239
18,982,239
20,184,013
51,383,310
41,748,614
41,748,61451,383,31020,184,01318,982,23918,982,23943,026,90421,428,90215,116,46412,766,27024,889,00017,999,16616,461,90814,498,15714,498,15722,266,7819,935,8059,117,2199,117,2196,466,2506,466,2503,246,3733,246,3732,741,4192,741,4195,389,1985,389,1984,778,0844,778,0842,764,1402,764,1402,575,5222,575,5225,439,4995,439,4994,481,8034,481,8036,071,4876,071,4876,270,0826,270,0822,021,4532,021,4532,194,9342,194,9341,458,2981,458,298917,3021,363,4801,590,7691,590,7691,184,5461,184,5462,214,6182,214,6181,943,5291,844,4921,285,1371,285,1371,664,1102,084,8871,041,2901,041,2901,356,3051,282,099793,408793,408993,1892,397,8362,482,8212,482,8211,205,936919,3321,206,4771,206,4771,136,3951,700,4571,685,7441,685,7441,743,2782,642,4692,123,8922,123,8921,840,8291,701,5811,356,3071,356,3071,594,380728,754559,940559,940522,000527,000479,694479,694000707,705782,464857,8300
       Short-term Investments 
0
0
0
16,437
0
0
0
45,529
45,529
0
0
146
0
0
332,152
332,152
332,152
248,790
248,508
165,532
165,532
82,783
1,432,050
209,657
1,867,825
1,911,526
2,644,246
2,729,087
2,729,087
2,057,813
1,873,827
229,733
2,225,221
372,632
4,329,356
706,486
5,238,315
4,929,101
5,054,115
893,544
6,234,955
6,194,086
7,117,321
1,262,814
8,689,695
9,391,784
9,957,918
993,606
993,606
13,751,337
13,751,337
14,172,200
14,172,200
15,932,498
16,810,130
17,526,651
17,526,651
19,225,270
19,225,270
20,555,126
20,555,126
18,038,947
18,038,947
19,606,790
19,606,790
26,378,150
26,378,150
30,943,214
30,943,214
38,104,273
38,104,273
40,346,032
40,346,032
37,658,523
37,658,523
44,575,062
44,575,062
58,640,272
58,640,272
68,799,670
68,799,670
91,933,788
91,933,788
84,352,353
84,352,353
90,947,124
69,066,607
83,036,394
83,036,394
95,083,282
98,236,142
92,570,352
97,041,866
95,710,414
105,292,091
91,568,767
103,874,027
103,874,027
103,802,619
86,197,498
98,366,005
98,366,00586,197,498103,802,619103,874,027103,874,02791,568,767105,292,09195,710,41497,041,86692,570,35298,236,14295,083,28283,036,39483,036,39469,066,60790,947,12484,352,35384,352,35391,933,78891,933,78868,799,67068,799,67058,640,27258,640,27244,575,06244,575,06237,658,52337,658,52340,346,03240,346,03238,104,27338,104,27330,943,21430,943,21426,378,15026,378,15019,606,79019,606,79018,038,94718,038,94720,555,12620,555,12619,225,27019,225,27017,526,65117,526,65116,810,13015,932,49814,172,20014,172,20013,751,33713,751,337993,606993,6069,957,9189,391,7848,689,6951,262,8147,117,3216,194,0866,234,955893,5445,054,1154,929,1015,238,315706,4864,329,356372,6322,225,221229,7331,873,8272,057,8132,729,0872,729,0872,644,2461,911,5261,867,825209,6571,432,05082,783165,532165,532248,508248,790332,152332,152332,152001460045,52945,52900016,437000
       Net Receivables 
0
14,452
5,211
1,084
0
0
0
0
0
15,000
17,000
0
0
0
17,114
77,379
77,379
78,243
91,621
59,620
59,620
75,053
75,155
78,860
78,860
96,549
117,679
146,690
146,690
121,816
137,789
175,245
175,245
193,683
219,904
268,389
268,389
133,683
117,490
225,873
225,873
196,321
188,714
305,567
305,567
190,143
231,167
230,047
230,047
305,510
305,510
269,485
269,485
327,405
399,718
402,511
402,511
768,138
768,138
873,137
873,137
1,942,200
1,942,200
2,614,149
2,614,149
2,661,949
2,661,949
4,251,297
4,251,297
3,259,524
3,259,524
3,619,725
3,619,725
4,569,249
4,569,249
4,288,500
4,288,500
4,706,696
4,706,696
4,169,358
4,169,358
4,948,999
4,948,999
4,576,445
4,576,445
4,452,504
5,422,326
5,507,988
5,507,988
5,213,151
5,208,019
5,002,872
5,343,028
6,492,193
6,422,417
7,767,599
6,364,847
6,364,847
6,173,077
5,669,027
6,742,202
6,742,2025,669,0276,173,0776,364,8476,364,8477,767,5996,422,4176,492,1935,343,0285,002,8725,208,0195,213,1515,507,9885,507,9885,422,3264,452,5044,576,4454,576,4454,948,9994,948,9994,169,3584,169,3584,706,6964,706,6964,288,5004,288,5004,569,2494,569,2493,619,7253,619,7253,259,5243,259,5244,251,2974,251,2972,661,9492,661,9492,614,1492,614,1491,942,2001,942,200873,137873,137768,138768,138402,511402,511399,718327,405269,485269,485305,510305,510230,047230,047231,167190,143305,567305,567188,714196,321225,873225,873117,490133,683268,389268,389219,904193,683175,245175,245137,789121,816146,690146,690117,67996,54978,86078,86075,15575,05359,62059,62091,62178,24377,37977,37917,11400017,00015,000000001,0845,21114,4520
       Other Current Assets 
0
60,898
104,752
60,154
0
0
0
2,291
2,291
8,000
6,000
22,443
22,443
8,064
24,669
15,185
15,185
9,002
29,655
7,977
7,977
48,771
52,025
1,696,672
1,696,672
73,555
91,036
2,733,325
2,733,325
93,320
838,794
1,678,129
1,678,129
2,554,536
87,887
4,822,587
4,822,587
237,190
500,429
5,975,378
5,975,378
475,861
798,161
8,252,651
8,252,651
898,038
1,371,428
9,786,379
9,786,379
1,751,631
1,751,631
26,188
26,188
3,321,396
3,251,070
39,181
39,181
3,974,161
3,974,161
45,450
45,450
6,967,954
6,967,954
114,198
114,198
6,343,889
6,343,889
87,237
87,237
30,140,825
30,140,825
233,365
233,365
9,653,790
9,653,790
306,631
306,631
15,770,885
15,770,885
117,975
117,975
9,891,740
9,891,740
108,757
108,757
9,739,441
11,149,245
126,386
126,386
10,407,057
9,215,798
5,448,284
5,352,876
9,524,398
6,042,121
8,824,992
5,487,749
8,357,576
9,805,267
9,503,273
10,296,102
10,296,1029,503,2739,805,2678,357,5765,487,7498,824,9926,042,1219,524,3985,352,8765,448,2849,215,79810,407,057126,386126,38611,149,2459,739,441108,757108,7579,891,7409,891,740117,975117,97515,770,88515,770,885306,631306,6319,653,7909,653,790233,365233,36530,140,82530,140,82587,23787,2376,343,8896,343,889114,198114,1986,967,9546,967,95445,45045,4503,974,1613,974,16139,18139,1813,251,0703,321,39626,18826,1881,751,6311,751,6319,786,3799,786,3791,371,428898,0388,252,6518,252,651798,161475,8615,975,3785,975,378500,429237,1904,822,5874,822,58787,8872,554,5361,678,1291,678,129838,79493,3202,733,3252,733,32591,03673,5551,696,6721,696,67252,02548,7717,9777,97729,6559,00215,18515,18524,6698,06422,44322,4436,0008,0002,2912,29100060,154104,75260,8980
   > Long-term Assets 
0
58,954
85,117
84,539
0
0
0
47,937
47,937
32,000
29,000
29,834
29,834
36,344
54,445
53,937
53,937
70,895
83,254
83,690
83,690
105,260
125,397
127,683
127,683
184,727
209,493
244,522
244,522
1,011,240
250,130
249,366
249,366
228,904
328,844
372,114
372,114
866,675
918,111
830,907
830,907
902,520
912,498
959,767
959,767
1,003,072
958,718
970,745
970,745
1,448,387
1,448,387
1,409,283
1,409,283
1,037,647
1,608,114
1,748,567
1,748,567
2,280,574
2,280,574
2,622,149
2,622,149
3,987,402
3,987,402
6,748,506
6,748,506
9,789,632
9,789,632
8,112,156
8,112,156
7,672,133
7,672,133
9,083,655
9,083,655
17,038,235
17,038,235
18,252,208
18,252,208
23,277,797
23,277,797
27,019,359
27,019,359
30,966,507
30,966,507
34,043,539
34,043,539
38,897,838
38,844,738
40,523,670
40,523,670
40,170,421
41,115,641
41,157,786
43,681,870
44,009,578
43,232,393
43,272,629
45,189,491
45,189,491
44,317,613
42,666,894
43,187,422
43,187,42242,666,89444,317,61345,189,49145,189,49143,272,62943,232,39344,009,57843,681,87041,157,78641,115,64140,170,42140,523,67040,523,67038,844,73838,897,83834,043,53934,043,53930,966,50730,966,50727,019,35927,019,35923,277,79723,277,79718,252,20818,252,20817,038,23517,038,2359,083,6559,083,6557,672,1337,672,1338,112,1568,112,1569,789,6329,789,6326,748,5066,748,5063,987,4023,987,4022,622,1492,622,1492,280,5742,280,5741,748,5671,748,5671,608,1141,037,6471,409,2831,409,2831,448,3871,448,387970,745970,745958,7181,003,072959,767959,767912,498902,520830,907830,907918,111866,675372,114372,114328,844228,904249,366249,366250,1301,011,240244,522244,522209,493184,727127,683127,683125,397105,26083,69083,69083,25470,89553,93753,93754,44536,34429,83429,83429,00032,00047,93747,93700084,53985,11758,9540
       Property Plant Equipment 
0
25,697
30,997
44,152
0
0
0
36,363
36,363
32,000
28,000
26,373
26,373
25,682
30,010
40,417
40,417
60,858
75,176
77,303
77,303
103,878
124,056
126,342
126,342
149,290
195,007
224,208
224,208
207,062
198,914
183,472
183,472
177,091
219,507
258,788
258,788
475,262
531,139
557,756
557,756
662,237
692,174
755,778
755,778
777,085
756,165
848,469
848,469
806,665
806,665
815,026
815,026
816,242
814,110
872,113
872,113
1,024,763
1,024,763
1,281,225
1,281,225
1,817,592
1,817,592
2,092,046
2,092,046
2,162,822
2,162,822
2,419,510
2,419,510
3,356,472
3,356,472
3,769,326
3,769,326
5,305,776
5,305,776
5,378,560
5,378,560
4,708,165
4,708,165
4,621,712
4,621,712
4,439,270
4,439,270
4,555,406
4,555,406
4,694,354
4,956,832
5,433,858
5,433,858
6,022,365
6,165,151
6,342,330
7,347,204
7,582,320
8,824,319
8,056,689
8,092,032
8,092,032
8,200,464
8,520,101
8,454,460
8,454,4608,520,1018,200,4648,092,0328,092,0328,056,6898,824,3197,582,3207,347,2046,342,3306,165,1516,022,3655,433,8585,433,8584,956,8324,694,3544,555,4064,555,4064,439,2704,439,2704,621,7124,621,7124,708,1654,708,1655,378,5605,378,5605,305,7765,305,7763,769,3263,769,3263,356,4723,356,4722,419,5102,419,5102,162,8222,162,8222,092,0462,092,0461,817,5921,817,5921,281,2251,281,2251,024,7631,024,763872,113872,113814,110816,242815,026815,026806,665806,665848,469848,469756,165777,085755,778755,778692,174662,237557,756557,756531,139475,262258,788258,788219,507177,091183,472183,472198,914207,062224,208224,208195,007149,290126,342126,342124,056103,87877,30377,30375,17660,85840,41740,41730,01025,68226,37326,37328,00032,00036,36336,36300044,15230,99725,6970
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
318,943
318,943
318,943
0
595,280
595,280
595,280
0
2,166,486
2,166,486
2,166,486
0
1,855,394
1,855,394
1,855,394
0
0
1,855,293
1,855,293
1,855,2931,855,293001,855,3941,855,3941,855,39402,166,4862,166,4862,166,4860595,280595,280595,2800318,943318,943318,9430000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
766,129
0
0
0
1,050,478
0
0
0
2,874,652
0
1,620,000
1,210,000
2,520,027
500,000
50,000
50,000
2,784,776
23,883
22,496
21,838
16,427
50,000
50,000
50,000
11,653,868
13,067,017
6,823,390
4,250,000
6,630,000
6,740,000
7,100,000
6,953,000
5,823,840
4,473,840
4,473,840
4,473,840
2,973,840
2,731,840
2,681,840
2,220,840
22,833,187
1,050,000
3,940,000
4,025,000
23,231,356
3,025,000
3,025,00023,231,3564,025,0003,940,0001,050,00022,833,1872,220,8402,681,8402,731,8402,973,8404,473,8404,473,8404,473,8405,823,8406,953,0007,100,0006,740,0006,630,0004,250,0006,823,39013,067,01711,653,86850,00050,00050,00016,42721,83822,49623,8832,784,77650,00050,000500,0002,520,0271,210,0001,620,00002,874,6520001,050,478000766,1290000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,541
26,968
3,695
27,738
1,851
12,733
12,563
12,563
244,717
242,376
225,152
225,152
191,198
173,940
156,683
156,683
156,790
133,927
60,750
60,750
11,594
11,594
11,529
11,529
11,400
11,335
11,271
11,271
40,414
40,414
77,648
77,648
116,613
116,613
238,878
238,878
591,960
591,960
588,887
588,887
596,458
596,458
593,279
593,279
3,520,608
3,520,608
3,502,569
3,502,569
3,303,913
3,303,913
3,707,179
3,707,179
4,200,099
4,200,099
4,178,257
4,178,257
4,134,607
4,112,765
4,108,090
4,108,090
4,156,674
4,134,507
4,121,767
4,147,468
4,109,744
5,959,746
4,048,518
4,022,255
4,022,255
4,204,865
4,172,465
4,140,969
4,140,9694,172,4654,204,8654,022,2554,022,2554,048,5185,959,7464,109,7444,147,4684,121,7674,134,5074,156,6744,108,0904,108,0904,112,7654,134,6074,178,2574,178,2574,200,0994,200,0993,707,1793,707,1793,303,9133,303,9133,502,5693,502,5693,520,6083,520,608593,279593,279596,458596,458588,887588,887591,960591,960238,878238,878116,613116,61377,64877,64840,41440,41411,27111,27111,33511,40011,52911,52911,59411,59460,75060,750133,927156,790156,683156,683173,940191,198225,152225,152242,376244,71712,56312,56312,7331,85127,7383,69526,9683,54100000000000000000000000000000
       Other Assets 
0
4,017
0
2,385
0
0
0
1,398
43
0
34
418
798
0
2,952
1,633
0
1,213
976
772
556
167
166
166
1,485
4,432
1,834
2,603
1,937
105,764
0
9,033
9,688
7,559
15,971
16,611
27,997
57,306
56,690
40,017
37,207
35,432
32,931
30,907
29,714
34,964
31,758
19,427
86,297
91,163
102,107
95,385
34,529
36,075
129,739
144,780
205,024
238,781
204,596
216,118
179,751
333,560
341,401
718,833
795,973
1,016,330
1,143,707
819,911
869,257
678,635
648,650
816,796
858,345
1,112,130
1,173,674
4,793
13,562,821
9,969,289
14,774,619
2,933,701
3,145,616
17,595,630
18,077,138
18,679,876
19,427,364
22,968,877
22,822,141
25,157,882
25,708,569
25,517,542
26,342,143
27,719,849
0
29,505,358
30,096,674
0
0
0
0
0
0
00000030,096,67429,505,358027,719,84926,342,14325,517,54225,708,56925,157,88222,822,14122,968,87719,427,36418,679,87618,077,13817,595,6303,145,6162,933,70114,774,6199,969,28913,562,8214,7931,173,6741,112,130858,345816,796648,650678,635869,257819,9111,143,7071,016,330795,973718,833341,401333,560179,751216,118204,596238,781205,024144,780129,73936,07534,52995,385102,10791,16386,29719,42731,75834,96429,71430,90732,93135,43237,20740,01756,69057,30627,99716,61115,9717,5599,6889,0330105,7641,9372,6031,8344,4321,4851661661675567729761,21301,6332,9520798418340431,3980002,38504,0170
> Total Liabilities 
0
74,663
90,664
153,367
0
0
0
119,785
119,785
41,000
38,000
38,645
38,645
50,049
912,018
905,826
905,826
1,048,775
1,077,795
1,096,895
1,096,895
1,183,606
1,314,918
1,233,892
1,233,892
1,301,112
1,302,880
1,468,040
1,468,040
1,267,422
1,290,667
1,287,026
1,287,026
1,243,928
899,880
829,248
829,248
990,161
1,088,055
1,378,125
1,378,125
1,461,825
1,688,094
1,863,024
1,863,024
2,006,698
2,291,400
2,346,467
2,346,467
2,630,325
2,630,325
3,676,470
3,676,470
4,172,716
4,097,750
4,378,067
4,378,067
6,152,567
6,152,567
6,862,877
6,862,877
10,096,572
10,096,572
11,833,831
11,833,831
14,408,880
14,408,880
19,568,919
19,568,919
20,782,778
20,782,778
24,596,275
24,596,275
35,861,741
35,861,741
40,942,083
40,942,083
41,771,698
41,771,698
49,531,516
49,531,516
58,637,861
58,637,861
58,876,778
58,876,778
67,433,720
62,683,741
54,365,286
54,365,286
63,415,096
63,201,898
63,887,505
49,639,893
47,629,830
57,840,897
64,426,380
48,997,216
48,997,216
49,167,949
53,497,412
52,988,888
52,988,88853,497,41249,167,94948,997,21648,997,21664,426,38057,840,89747,629,83049,639,89363,887,50563,201,89863,415,09654,365,28654,365,28662,683,74167,433,72058,876,77858,876,77858,637,86158,637,86149,531,51649,531,51641,771,69841,771,69840,942,08340,942,08335,861,74135,861,74124,596,27524,596,27520,782,77820,782,77819,568,91919,568,91914,408,88014,408,88011,833,83111,833,83110,096,57210,096,5726,862,8776,862,8776,152,5676,152,5674,378,0674,378,0674,097,7504,172,7163,676,4703,676,4702,630,3252,630,3252,346,4672,346,4672,291,4002,006,6981,863,0241,863,0241,688,0941,461,8251,378,1251,378,1251,088,055990,161829,248829,248899,8801,243,9281,287,0261,287,0261,290,6671,267,4221,468,0401,468,0401,302,8801,301,1121,233,8921,233,8921,314,9181,183,6061,096,8951,096,8951,077,7951,048,775905,826905,826912,01850,04938,64538,64538,00041,000119,785119,785000153,36790,66474,6630
   > Total Current Liabilities 
0
74,474
90,485
153,367
0
0
0
119,785
119,785
41,000
38,000
38,645
38,645
49,732
83,886
77,780
77,780
209,322
238,238
257,495
257,495
344,147
494,126
415,479
415,479
490,347
501,940
676,408
676,408
581,576
1,280,462
1,276,826
1,276,826
1,233,734
899,678
829,048
829,048
989,961
1,087,855
1,377,925
1,377,925
1,450,361
1,662,726
1,828,227
1,828,227
1,978,150
2,258,107
2,282,577
2,282,577
2,537,914
2,537,914
3,576,502
3,576,502
4,084,033
3,981,508
4,233,184
4,233,184
6,064,973
6,064,973
6,756,447
6,756,447
9,894,502
9,894,502
11,667,423
11,667,423
14,361,393
14,361,393
19,534,998
19,534,998
20,095,868
20,095,868
23,750,114
23,750,114
33,124,259
33,124,259
35,109,010
35,109,010
34,610,569
34,610,569
38,243,013
38,243,013
46,928,909
46,928,909
46,743,491
46,743,491
54,341,723
49,008,285
50,501,326
50,501,326
57,444,687
57,028,590
56,828,847
42,338,974
43,868,717
53,842,484
60,049,373
45,927,895
45,927,895
45,712,008
49,667,657
49,138,183
49,138,18349,667,65745,712,00845,927,89545,927,89560,049,37353,842,48443,868,71742,338,97456,828,84757,028,59057,444,68750,501,32650,501,32649,008,28554,341,72346,743,49146,743,49146,928,90946,928,90938,243,01338,243,01334,610,56934,610,56935,109,01035,109,01033,124,25933,124,25923,750,11423,750,11420,095,86820,095,86819,534,99819,534,99814,361,39314,361,39311,667,42311,667,4239,894,5029,894,5026,756,4476,756,4476,064,9736,064,9734,233,1844,233,1843,981,5084,084,0333,576,5023,576,5022,537,9142,537,9142,282,5772,282,5772,258,1071,978,1501,828,2271,828,2271,662,7261,450,3611,377,9251,377,9251,087,855989,961829,048829,048899,6781,233,7341,276,8261,276,8261,280,462581,576676,408676,408501,940490,347415,479415,479494,126344,147257,495257,495238,238209,32277,78077,78083,88649,73238,64538,64538,00041,000119,785119,785000153,36790,48574,4740
       Short-term Debt 
0
42,900
62,637
112,464
0
0
0
84,015
84,015
0
0
10,396
10,396
0
0
0
16,563
19,934
23,718
44,009
44,009
20,699
22,058
83,829
83,829
32,887
67,454
95,476
95,476
22,747
665,120
641,779
641,779
434,850
56,346
104,754
104,754
170,564
162,096
213,727
213,727
238,354
245,452
289,332
289,332
303,727
377,350
659,141
659,141
385,433
385,433
847,133
847,133
988,592
983,680
975,504
975,504
2,061,088
2,061,088
2,049,865
2,049,865
2,226,455
2,226,455
2,272,760
2,272,760
3,005,010
3,005,010
3,815,691
3,815,691
5,732,593
5,732,593
6,623,502
6,623,502
13,645,930
13,645,930
13,658,554
13,658,554
15,494,839
15,494,839
16,828,226
16,828,226
22,247,523
22,247,523
19,504,696
19,504,696
27,188,198
19,614,143
19,352,313
19,352,313
28,027,125
25,445,617
23,875,704
11,881,623
11,221,194
19,499,656
24,843,410
13,187,247
13,187,247
10,594,342
11,805,051
9,824,016
9,824,01611,805,05110,594,34213,187,24713,187,24724,843,41019,499,65611,221,19411,881,62323,875,70425,445,61728,027,12519,352,31319,352,31319,614,14327,188,19819,504,69619,504,69622,247,52322,247,52316,828,22616,828,22615,494,83915,494,83913,658,55413,658,55413,645,93013,645,9306,623,5026,623,5025,732,5935,732,5933,815,6913,815,6913,005,0103,005,0102,272,7602,272,7602,226,4552,226,4552,049,8652,049,8652,061,0882,061,088975,504975,504983,680988,592847,133847,133385,433385,433659,141659,141377,350303,727289,332289,332245,452238,354213,727213,727162,096170,564104,754104,75456,346434,850641,779641,779665,12022,74795,47695,47667,45432,88783,82983,82922,05820,69944,00944,00923,71819,93416,56300010,39610,3960084,01584,015000112,46462,63742,9000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
975,504
0
0
0
2,049,865
0
0
0
2,272,760
0
2,321,000
3,005,010
3,815,691
4,483,442
5,377,687
5,732,593
6,623,502
1,515,191
0
0
0
14,134,554
13,553,805
15,494,839
16,828,226
19,624,535
21,932,603
22,247,523
19,504,696
21,827,017
27,188,198
19,614,143
19,352,313
22,679,519
28,027,125
25,445,617
23,875,704
27,392,771
11,881,623
11,221,194
19,240,163
24,843,410
13,187,247
10,594,342
11,805,051
9,824,016
9,824,01611,805,05110,594,34213,187,24724,843,41019,240,16311,221,19411,881,62327,392,77123,875,70425,445,61728,027,12522,679,51919,352,31319,614,14327,188,19821,827,01719,504,69622,247,52321,932,60319,624,53516,828,22615,494,83913,553,80514,134,5540001,515,1916,623,5025,732,5935,377,6874,483,4423,815,6913,005,0102,321,00002,272,7600002,049,865000975,5040000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
22,693
3,885
9,985
0
0
0
13,119
13,119
15,000
8,000
3,814
3,814
16,741
14,212
10,740
10,740
19,795
18,822
19,344
19,344
38,841
129,187
28,849
28,849
59,016
35,860
105,555
105,555
103,815
88,801
89,144
89,144
106,224
161,381
119,830
119,830
224,255
173,019
238,435
238,435
103,332
95,612
130,558
130,558
123,366
127,466
134,217
134,217
124,223
124,223
157,764
157,764
162,844
163,445
219,259
219,259
272,366
272,366
410,722
410,722
514,962
514,962
700,600
700,600
762,187
762,187
1,396,187
1,396,187
2,068,879
2,068,879
2,442,531
2,442,531
2,574,525
2,574,525
2,384,818
2,384,818
1,219,413
1,219,413
1,212,303
1,212,303
997,099
997,099
1,134,413
1,134,413
889,722
1,098,916
985,059
985,059
942,070
867,298
1,507,141
740,607
863,331
881,016
871,430
792,003
792,003
755,372
720,549
565,140
565,140720,549755,372792,003792,003871,430881,016863,331740,6071,507,141867,298942,070985,059985,0591,098,916889,7221,134,4131,134,413997,099997,0991,212,3031,212,3031,219,4131,219,4132,384,8182,384,8182,574,5252,574,5252,442,5312,442,5312,068,8792,068,8791,396,1871,396,187762,187762,187700,600700,600514,962514,962410,722410,722272,366272,366219,259219,259163,445162,844157,764157,764124,223124,223134,217134,217127,466123,366130,558130,55895,612103,332238,435238,435173,019224,255119,830119,830161,381106,22489,14489,14488,801103,815105,555105,55535,86059,01628,84928,849129,18738,84119,34419,34418,82219,79510,74010,74014,21216,7413,8143,8148,00015,00013,11913,1190009,9853,88522,6930
       Other Current Liabilities 
0
8,882
23,962
29,112
0
0
0
11,711
11,711
26,000
30,000
24,271
24,271
32,992
69,675
67,040
67,040
68,101
63,274
59,245
59,245
105,119
111,618
71,131
71,131
127,567
94,261
89,656
89,656
125,489
157,322
190,936
190,936
286,944
234,412
156,738
156,738
169,772
186,230
277,695
277,695
442,441
555,008
492,078
492,078
626,029
735,441
475,146
475,146
871,704
871,704
1,411,587
1,411,587
1,711,603
1,514,499
1,557,385
1,557,385
1,981,299
1,981,299
2,328,080
2,328,080
3,042,347
3,042,347
4,042,313
4,042,313
5,067,563
5,067,563
6,791,882
6,791,882
6,128,399
6,128,399
8,446,112
8,446,112
9,536,149
9,536,149
11,112,383
11,112,383
9,700,250
9,700,250
11,600,257
11,600,257
13,307,848
13,307,848
15,159,239
15,159,239
14,899,147
14,724,525
18,031,211
18,031,211
16,158,729
16,813,793
18,927,112
16,772,900
28,711,602
30,890,278
30,489,654
18,332,788
15,951,568
16,212,429
37,142,057
16,442,729
16,442,72937,142,05716,212,42915,951,56818,332,78830,489,65430,890,27828,711,60216,772,90018,927,11216,813,79316,158,72918,031,21118,031,21114,724,52514,899,14715,159,23915,159,23913,307,84813,307,84811,600,25711,600,2579,700,2509,700,25011,112,38311,112,3839,536,1499,536,1498,446,1128,446,1126,128,3996,128,3996,791,8826,791,8825,067,5635,067,5634,042,3134,042,3133,042,3473,042,3472,328,0802,328,0801,981,2991,981,2991,557,3851,557,3851,514,4991,711,6031,411,5871,411,587871,704871,704475,146475,146735,441626,029492,078492,078555,008442,441277,695277,695186,230169,772156,738156,738234,412286,944190,936190,936157,322125,48989,65689,65694,261127,56771,13171,131111,618105,11959,24559,24563,27468,10167,04067,04069,67532,99224,27124,27130,00026,00011,71111,71100029,11223,9628,8820
   > Long-term Liabilities 
0
189
180
0
0
0
0
0
0
0
0
0
0
316
828,131
828,046
828,046
839,454
839,557
839,400
839,400
839,459
820,792
818,413
818,413
810,765
800,940
791,631
791,631
685,846
10,204
10,200
10,200
10,194
202
200
200
200
200
200
200
11,464
25,368
34,797
34,797
28,548
33,293
63,890
63,890
92,411
92,411
99,968
99,968
88,683
116,242
144,883
144,883
87,594
87,594
106,430
106,430
202,070
202,070
166,408
166,408
47,487
47,487
33,921
33,921
686,910
686,910
846,161
846,161
2,737,482
2,737,482
5,833,073
5,833,073
7,161,129
7,161,129
11,288,503
11,288,503
11,708,952
11,708,952
12,133,287
12,133,287
13,091,997
13,675,456
3,863,960
3,863,960
5,970,409
6,173,308
7,058,658
7,300,919
3,761,113
3,998,413
4,377,007
3,069,321
3,069,321
3,455,941
3,829,755
3,850,705
3,850,7053,829,7553,455,9413,069,3213,069,3214,377,0073,998,4133,761,1137,300,9197,058,6586,173,3085,970,4093,863,9603,863,96013,675,45613,091,99712,133,28712,133,28711,708,95211,708,95211,288,50311,288,5037,161,1297,161,1295,833,0735,833,0732,737,4822,737,482846,161846,161686,910686,91033,92133,92147,48747,487166,408166,408202,070202,070106,430106,43087,59487,594144,883144,883116,24288,68399,96899,96892,41192,41163,89063,89033,29328,54834,79734,79725,36811,46420020020020020020020210,19410,20010,20010,204685,846791,631791,631800,940810,765818,413818,413820,792839,459839,400839,400839,557839,454828,046828,046828,13131600000000001801890
       Other Liabilities 
0
22
0
0
0
0
0
0
0
0
0
0
0
38
39
28
0
0
0
1,420
1,420
1,406
1,432
1,432
0
0
0
1,458
1,455
1,471
1,362
1,398
1,455
1,487
29
29
29
29
29
29
29
1,690
3,792
5,052
4,226
4,369
5,220
10,151
8,270
11,728
14,704
16,046
10,645
14,449
18,994
23,933
11,598
11,943
14,271
17,153
8,539
9,439
10,849
13,117
943
30
30
29
29
30
1,600
2,805
67,120
88,652
91,105
1,375
600,433
911,522
779,827
559,954
769,962
1,457,170
1,047,971
1,337,167
997,222
1,266,791
1,582,558
1,345,874
2,535,288
2,472,130
2,480,054
3,403,694
0
3,347,255
3,333,116
0
0
0
0
0
0
0000003,333,1163,347,25503,403,6942,480,0542,472,1302,535,2881,345,8741,582,5581,266,791997,2221,337,1671,047,9711,457,170769,962559,954779,827911,522600,4331,37591,10588,65267,1202,8051,600302929303094313,11710,8499,4398,53917,15314,27111,94311,59823,93318,99414,44910,64516,04614,70411,7288,27010,1515,2204,3694,2265,0523,7921,690292929292929291,4871,4551,3981,3621,4711,4551,4580001,4321,4321,4061,4201,42000028393800000000000220
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,541
0
0
0
12,541
0
0
0
56,441
0
0
0
32,742
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000000000000032,74200056,44100012,54100012,54100000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
0
917,470
886,880
839,368
0
0
0
555,129
555,129
541,000
536,000
580,889
580,889
736,171
786,497
881,179
881,179
1,106,175
1,216,071
1,353,246
1,353,246
1,770,729
2,112,988
2,391,093
2,391,093
2,665,702
2,895,970
2,905,668
2,905,668
2,936,099
3,015,809
3,398,426
3,398,426
4,236,753
5,059,093
5,516,436
5,516,436
6,458,587
6,858,394
7,438,777
7,438,777
8,407,975
9,018,030
9,740,811
9,740,811
11,355,168
12,217,195
13,126,701
13,126,701
15,894,736
15,894,736
15,680,605
15,680,605
17,893,073
18,974,716
20,245,168
20,245,168
22,325,462
22,325,462
23,491,794
23,491,794
27,034,098
27,034,098
29,240,083
29,240,083
35,003,190
35,003,190
38,191,081
38,191,081
45,015,752
45,015,752
45,732,007
45,732,007
43,375,843
43,375,843
45,231,636
45,231,636
63,381,110
63,381,110
61,453,699
61,453,699
85,246,787
85,246,787
82,126,798
82,126,798
86,136,044
83,780,065
95,328,080
95,328,080
100,830,817
105,364,713
104,731,317
114,264,783
119,978,728
124,285,776
127,275,764
130,909,906
130,909,906
132,150,155
138,685,606
143,834,194
143,834,194138,685,606132,150,155130,909,906130,909,906127,275,764124,285,776119,978,728114,264,783104,731,317105,364,713100,830,81795,328,08095,328,08083,780,06586,136,04482,126,79882,126,79885,246,78785,246,78761,453,69961,453,69963,381,11063,381,11045,231,63645,231,63643,375,84343,375,84345,732,00745,732,00745,015,75245,015,75238,191,08138,191,08135,003,19035,003,19029,240,08329,240,08327,034,09827,034,09823,491,79423,491,79422,325,46222,325,46220,245,16820,245,16818,974,71617,893,07315,680,60515,680,60515,894,73615,894,73613,126,70113,126,70112,217,19511,355,1689,740,8119,740,8119,018,0308,407,9757,438,7777,438,7776,858,3946,458,5875,516,4365,516,4365,059,0934,236,7533,398,4263,398,4263,015,8092,936,0992,905,6682,905,6682,895,9702,665,7022,391,0932,391,0932,112,9881,770,7291,353,2461,353,2461,216,0711,106,175881,179881,179786,497736,171580,889580,889536,000541,000555,129555,129000839,368886,880917,4700
   Common Stock
0
2,492
2,490
2,489
0
0
0
2,504
2,504
3,000
3,000
2,566
2,566
2,604
2,588
2,590
2,590
2,621
2,623
2,635
2,635
2,668
2,700
2,700
2,700
2,717
2,683
2,646
2,646
0
0
2,526
2,526
0
0
2,642
2,642
0
0
2,664
2,664
0
0
2,673
2,673
0
2,687
2,687
2,687
15,894,736
2,696
2,696
2,696
17,893,073
18,974,716
2,663
2,663
22,325,462
2,674
2,674
2,674
27,034,098
2,685
2,685
2,685
35,003,190
35,003,190
2,676
2,676
45,015,752
45,015,752
2,678
2,678
43,375,843
6,314,816
2,620
2,620
63,381,110
63,381,110
2,640
2,640
85,246,787
85,246,787
2,794
2,794
86,136,044
83,780,065
2,794
2,794
100,830,817
105,364,713
2,710
114,264,783
119,978,728
2,710
127,275,764
2,710
0
0
138,685,606
2,631
2,631138,685,606002,710127,275,7642,710119,978,728114,264,7832,710105,364,713100,830,8172,7942,79483,780,06586,136,0442,7942,79485,246,78785,246,7872,6402,64063,381,11063,381,1102,6202,6206,314,81643,375,8432,6782,67845,015,75245,015,7522,6762,67635,003,19035,003,1902,6852,6852,68527,034,0982,6742,6742,67422,325,4622,6632,66318,974,71617,893,0732,6962,6962,69615,894,7362,6872,6872,68702,6732,673002,6642,664002,6422,642002,5262,526002,6462,6462,6832,7172,7002,7002,7002,6682,6352,6352,6232,6212,5902,5902,5882,6042,5662,5663,0003,0002,5042,5040002,4892,4902,4920
   Retained Earnings Total Equity00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
-54,169
-50,634
-44,041
0
0
0
-38,235
-38,235
-4,000
-2,000
-33,352
-33,352
-33,102
32
33,847
33,847
33,876
33,889
91,079
91,079
91,111
91,093
135,450
135,450
135,258
135,124
163,118
163,118
2,936,099
3,015,809
170,062
170,062
4,236,753
5,059,093
195,872
195,872
0
0
225,784
225,784
0
0
321,968
321,968
0
472,586
472,586
472,586
0
634,108
634,108
634,108
0
0
878,466
878,466
0
937,282
937,282
937,282
0
1,038,369
1,038,369
1,038,369
0
1,221,640
1,221,640
1,221,640
0
1,242,809
1,242,809
1,242,809
0
1,231,628
1,231,628
1,231,628
0
1,143,763
1,143,763
1,143,763
0
577,991
577,991
577,991
0
417,060
417,060
417,060
0
1,710,452
1,710,452
1,710,452
0
2,158,196
2,158,196
2,158,196
0
0
0
0
00002,158,1962,158,1962,158,19601,710,4521,710,4521,710,4520417,060417,060417,0600577,991577,991577,99101,143,7631,143,7631,143,76301,231,6281,231,6281,231,62801,242,8091,242,8091,242,80901,221,6401,221,6401,221,64001,038,3691,038,3691,038,3690937,282937,282937,2820878,466878,46600634,108634,108634,1080472,586472,586472,5860321,968321,96800225,784225,78400195,872195,8725,059,0934,236,753170,062170,0623,015,8092,936,099163,118163,118135,124135,258135,450135,45091,09391,11191,07991,07933,88933,87633,84733,84732-33,102-33,352-33,352-2,000-4,000-38,235-38,235000-44,041-50,634-54,1690
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,913,656
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000003,913,6560000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000000000-67,81400000000000000000000000-24,193-17,132-50,2530000000000000000000000000
   Other Stockholders Equity 
0
1,018,826
1,029,682
1,040,878
0
0
0
1,033,369
1,033,369
1,014,000
1,016,000
1,049,408
1,049,408
1,059,820
992,945
993,429
993,429
1,016,125
1,016,925
1,023,954
1,023,954
1,044,570
1,128,301
1,129,733
1,129,733
796,497
714,139
401,796
401,796
0
0
0
0
0
0
578,845
578,845
6,458,587
6,858,394
784,489
784,489
8,407,975
9,018,030
850,724
850,724
11,355,168
12,217,195
1,002,336
1,002,336
15,066,675
15,894,736
734,192
734,192
17,893,073
18,974,716
854,878
854,878
21,396,995
22,325,462
1,226,416
1,226,416
25,738,605
27,034,098
1,779,331
1,779,331
32,722,886
35,003,190
1,637,953
1,637,953
43,538,025
45,015,752
1,753,439
1,753,439
43,611,502
43,375,843
52
47,768,218
50,951,338
63,381,110
3,913,656
3,913,656
75,266,120
85,246,787
17,383,324
17,383,324
86,136,044
83,780,065
17,413,751
17,413,751
100,830,817
105,364,713
11,943,480
11,943,480
0
9,910,287
9,910,287
130,909,906
130,909,906
132,150,155
0
143,834,194
143,834,1940132,150,155130,909,906130,909,9069,910,2879,910,287011,943,48011,943,480105,364,713100,830,81717,413,75117,413,75183,780,06586,136,04417,383,32417,383,32485,246,78775,266,1203,913,6563,913,65663,381,11050,951,33847,768,2185243,375,84343,611,5021,753,4391,753,43945,015,75243,538,0251,637,9531,637,95335,003,19032,722,8861,779,3311,779,33127,034,09825,738,6051,226,4161,226,41622,325,46221,396,995854,878854,87818,974,71617,893,073734,192734,19215,894,73615,066,6751,002,3361,002,33612,217,19511,355,168850,724850,7249,018,0308,407,975784,489784,4896,858,3946,458,587578,845578,845000000401,796401,796714,139796,4971,129,7331,129,7331,128,3011,044,5701,023,9541,023,9541,016,9251,016,125993,429993,429992,9451,059,8201,049,4081,049,4081,016,0001,014,0001,033,3691,033,3690001,040,8781,029,6821,018,8260



5.3. Balance Sheets

Currency in CNY. All numbers in thousands.




5.4. Cash Flows

Currency in CNY. All numbers in thousands.




5.5. Income Statements

Currency in CNY. All numbers in thousands.


5.6. Latest Income Statement

Income Statement (annual), 2024-12-31. Currency in CNY. All numbers in thousands.

Gross Profit (+$)
totalRevenue105,295,236
Cost of Revenue-39,488,152
Gross Profit65,807,08465,807,084
 
Operating Income (+$)
Gross Profit65,807,084
Operating Expense-36,223,094
Operating Income29,583,99029,583,990
 
Operating Expense (+$)
Research Development17,524,812
Selling General Administrative4,550,625
Selling And Marketing Expenses14,147,657
Operating Expense36,223,09436,223,094
 
Net Interest Income (+$)
Interest Income4,920,915
Interest Expense-0
Other Finance Cost-0
Net Interest Income4,920,915
 
Pretax Income (+$)
Operating Income29,583,990
Net Interest Income4,920,915
Other Non-Operating Income Expenses0
Income Before Tax (EBT)35,717,75523,450,225
EBIT - interestExpense = 29,583,990
35,159,017
29,697,609
Interest Expense0
Earnings Before Interest and Taxes (EBIT)29,583,99035,717,755
Earnings Before Interest and Taxes (EBITDA)32,001,884
 
After tax Income (+$)
Income Before Tax35,717,755
Tax Provision-5,461,408
Net Income From Continuing Ops30,256,34730,256,347
Net Income29,697,609
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses75,711,246
Total Other Income/Expenses Net6,133,765-4,920,915
 

Technical Analysis of NetEase Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of NetEase Inc. The general trend of NetEase Inc is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine NetEase Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. NetEase Inc Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

SupportΒ is a price level at which demand for an asset is strong enough to prevent the price from falling further.
ResistanceΒ is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of NetEase Inc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: .

The bearish price targets are: 127.59 > 113.38 > 109.20.

Know someone who trades $NTES? Share this with them.πŸ‘‡

NetEase Inc Daily Support & Resistance Chart
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2. Trend Indicators

2.1 Moving Averages

Shows theΒ moving averageΒ of the selected period.

  • Moving averages are laggingΒ trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of NetEase Inc. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

NetEase Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows theΒ momentumΒ of theΒ selected period based on two moving averages.

  • MACD is aΒ lagging momentumΒ indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of NetEase Inc. The current macd is 3.13841351.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the NetEase Inc price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for NetEase Inc. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the NetEase Inc price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
NetEase Inc Daily Moving Average Convergence/Divergence (MACD) ChartNetEase Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of NetEase Inc. The current adx is 28.56.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy NetEase Inc shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
NetEase Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • ShowsΒ the current trend.
  • ShowsΒ potential entry signals.
  • ShowsΒ Β potential exit signals.
  • Can be used to placeΒ trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of NetEase Inc. The current sar is 129.81.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
NetEase Inc Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentumΒ indicator, meaning the signals are instant.
  • RangesΒ between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of NetEase Inc. The current rsi is 62.88. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
NetEase Inc Daily Relative Strength Index (RSI) ChartNetEase Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

ComparesΒ a certain price to multiple prices ranging over time.

  • LeadingΒ momentumΒ indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • RangesΒ between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of NetEase Inc. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the NetEase Inc price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
NetEase Inc Daily Stochastic Oscillator ChartNetEase Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,Β the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of NetEase Inc. The current cci is 78.37.

NetEase Inc Daily Commodity Channel Index (CCI) ChartNetEase Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of NetEase Inc. The current cmo is 20.83.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
NetEase Inc Daily Chande Momentum Oscillator (CMO) ChartNetEase Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

Β Shows the current price relative to the highest high over the last 14 days.
Β 

  • Lagging momentum indicator
  • Ranging between 0 andΒ -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of NetEase Inc. The current willr is -26.39068564.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that NetEase Inc is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
NetEase Inc Daily Williams %R ChartNetEase Inc Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversoldΒ 

Score

Let's take a look at the Bollinger Bands of NetEase Inc.

NetEase Inc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of NetEase Inc. The current atr is 2.21825718.

NetEase Inc Daily Average True Range (ATR) ChartNetEase Inc Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

Β Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of NetEase Inc. The current obv is -20,252,568.

NetEase Inc Daily On-Balance Volume (OBV) ChartNetEase Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of NetEase Inc. The current mfi is 57.51.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
NetEase Inc Daily Money Flow Index (MFI) ChartNetEase Inc Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for NetEase Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2025-02-13STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-02-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2025-02-18STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-20DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-02-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-02-24DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-27CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-02-28STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-03WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-03-05DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-03-10MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-03-11CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-03-13STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-17DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2025-03-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-19DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-20DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-24STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-26CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-27DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2025-03-28STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-31STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-03STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-09STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-11CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-15STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-17DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-04-23WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-04-24CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-04-28STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-29STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-30CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-05-01STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-02STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-05STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-05-12STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-05-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-05-16RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2025-05-19STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-20STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-21RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2025-05-22STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-23WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-27STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-05-29STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-30RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2025-06-02STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-06-05CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-06-06RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-09STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-06-11STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-12MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-06-13RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-06-18SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-06-23STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-24SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-26STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-30STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-07-02STOCH LONG EXITThe %K line crosses below the %D line.
2025-07-07STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

NetEase Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of NetEase Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5062.881
Ma 20Greater thanMa 50131.963
Ma 50Greater thanMa 100122.063
Ma 100Greater thanMa 200111.306
OpenGreater thanClose134.880
Total5/5 (100.0%)
Penke
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