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NetEase Inc
Buy, Hold or Sell?

Let's analyse Netease together

PenkeI 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.

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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Quick analysis of Netease (30 sec.)










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

How much money do you get?

How much money do you get?
$1.66
When do you have the money?
1 year
How often do you get paid?
97.5%

What is your share worth?

Current worth
$25.46
Expected worth in 1 year
$28.76
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
$4.96
Return On Investment
4.3%

For what price can you sell your share?

Current Price per Share
$114.21
Expected price per share
$107.96 - $118.90
How sure are you?
50%
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1. Valuation of Netease (5 min.)




Live pricePrice per Share (EOD)

$114.21

Intrinsic Value Per Share

$42.27 - $87.70

Total Value Per Share

$67.74 - $113.16

2. Growth of Netease (5 min.)




Is Netease growing?

Current yearPrevious yearGrowGrow %
How rich?$16.5b$13.5b$1.9b12.8%

How much money is Netease making?

Current yearPrevious yearGrowGrow %
Making money$799m$694.6m$104.4m13.1%
Net Profit Margin23.2%21.0%--

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

3. Financial Health of Netease (5 min.)




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




  Industry Rankings (Electronic Gaming & Multimedia)  


Richest
#3 / 142

Most Revenue
#3 / 142

Most Profit
#3 / 142
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What can you expect buying and holding a share of Netease? (5 min.)

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

What can you expect buying and holding a share of Netease?

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

Speculation

The Price per Share of Netease is $114.21. 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.
  • 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, 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 $25.46. Based on the TTM, the Book Value Change Per Share is $0.82 per quarter. Based on the YOY, the Book Value Change Per Share is $1.03 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 $0.42 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Netease.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps1.771.6%1.221.1%0.980.9%0.880.8%0.470.4%
Usd Book Value Change Per Share2.171.9%0.820.7%1.030.9%0.800.7%0.540.5%
Usd Dividend Per Share0.460.4%0.420.4%0.230.2%0.360.3%0.230.2%
Usd Total Gains Per Share2.622.3%1.241.1%1.251.1%1.161.0%0.780.7%
Usd Price Per Share96.69-83.34-92.56-187.83-182.73-
Price to Earnings Ratio13.62-18.63-24.64-2,712.64-1,736.54-
Price-to-Total Gains Ratio36.86-112.06--18.62-268.74-430.91-
Price to Book Ratio3.80-3.49-4.55-13.00-18.98-
Price-to-Total Gains Ratio36.86-112.06--18.62-268.74-430.91-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share114.21
Number of shares8
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.420.36
Usd Book Value Change Per Share0.820.80
Usd Total Gains Per Share1.241.16
Gains per Quarter (8 shares)9.919.30
Gains per Year (8 shares)39.6537.22
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1132630122627
2275370235164
340791103577101
45310515047102138
56713219058128175
68015823070153212
79318427082179249
810621131093205286
9120237350105230323
10133263390116256360

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%84.02.00.097.7%
Book Value Change Per Share3.00.01.075.0%6.03.03.050.0%11.04.05.055.0%25.05.010.062.5%57.08.021.066.3%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%39.00.01.097.5%42.00.044.048.8%
Total Gains per Share4.00.00.0100.0%9.03.00.075.0%17.03.00.085.0%36.04.00.090.0%69.07.010.080.2%
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Fundamentals of Netease

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, Cloud Music, and Innovative Businesses and Others segments. It develops and operates PC and mobile games, as well as offers games licensed from other game developers. The company's products and services include Youdao Dictionary, an online knowledge tool; Youdao Translation, a tool specifically designed to support translation needs of business and leisure travelers; U-Dictionary, an online dictionary and translation app; Youdao Kids' Dictionary, a smart and fun tool; smart devices, such as Youdao Dictionary Pen, Youdao Smart Learning Pad, Youdao Listening Pod, Youdao Smart Light, Youdao Pocket Translator, and Youdao Super Dictionary; online courses; interactive learning apps; and education digitalization solutions, such as Youdao Smart Learning Terminal, a device that automates paper-based homework processing; Youdao Smart Cloud, a cloud-based platform that allows third-party app developers, smart device brands, and manufacturers to the company's OCR capabilities; and Youdao Sports, a sports-centric educational system. Its products and services also include NetEase Cloud Music, a music streaming platform; Yanxuan, an e-commerce platform, which sells private label products; www.163.com portal and related mobile app, Wangyi Xinwen, which deliver information such as news, sports events, technology, fashion trends, and online entertainment; NetEase Mail, an email service; NetEase CC Live streaming, a live streaming platform with a focus on game broadcasting; and NetEase Pay, a payment platform. 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 2023-11-10 22:55:05.

Financial Health

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 efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is 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.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is cheap.
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1.1. Profitability of NetEase Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Netease earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Netease to the Electronic Gaming & Multimedia industry mean.
  • A Net Profit Margin of 34.3% means that $0.34 for each $1 in revenue is generated as profit.

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

  • The MRQ is 34.3%. The company is making a huge profit. +2
  • The TTM is 23.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ34.3%TTM23.2%+11.1%
TTM23.2%YOY21.0%+2.3%
TTM23.2%5Y20.7%+2.5%
5Y20.7%10Y25.6%-4.9%
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ34.3%1.1%+33.2%
TTM23.2%0.5%+22.7%
YOY21.0%3.6%+17.4%
5Y20.7%-0.1%+20.8%
10Y25.6%2.4%+23.2%
1.1.2. Return on Assets

Shows how efficient Netease is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Netease to the Electronic Gaming & Multimedia industry mean.
  • 4.9% Return on Assets means that Netease generated $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 4.9%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.3%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.9%TTM3.3%+1.6%
TTM3.3%YOY3.2%+0.2%
TTM3.3%5Y3.1%+0.3%
5Y3.1%10Y3.8%-0.7%
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ4.9%0.1%+4.8%
TTM3.3%0.1%+3.2%
YOY3.2%0.6%+2.6%
5Y3.1%0.2%+2.9%
10Y3.8%1.0%+2.8%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Netease to the Electronic Gaming & Multimedia industry mean.
  • 7.2% Return on Equity means Netease generated $0.07 for each $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 5.3%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ7.2%TTM5.3%+1.9%
TTM5.3%YOY5.2%+0.0%
TTM5.3%5Y5.2%+0.0%
5Y5.2%10Y5.7%-0.5%
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ7.2%0.2%+7.0%
TTM5.3%0.3%+5.0%
YOY5.2%1.8%+3.4%
5Y5.2%0.5%+4.7%
10Y5.7%1.8%+3.9%
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1.2. Operating Efficiency of NetEase Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Netease is operating .

  • Measures how much profit Netease makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Netease to the Electronic Gaming & Multimedia industry mean.
  • An Operating Margin of 17.9% means the company generated $0.18  for each $1 in revenue (before taxes).

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

  • The MRQ is 17.9%. The company is operating efficient. +1
  • The TTM is 15.3%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ17.9%TTM15.3%+2.7%
TTM15.3%YOY16.5%-1.2%
TTM15.3%5Y16.7%-1.4%
5Y16.7%10Y23.7%-7.0%
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ17.9%-7.1%+25.0%
TTM15.3%1.6%+13.7%
YOY16.5%6.9%+9.6%
5Y16.7%4.6%+12.1%
10Y23.7%6.5%+17.2%
1.2.2. Operating Ratio

Measures how efficient Netease is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Electronic Gaming & Multimedia industry mean).
  • An Operation Ratio of 0.75 means that the operating costs are $0.75 for each $1 in net sales.

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

  • The MRQ is 0.748. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.801. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.748TTM0.801-0.053
TTM0.801YOY0.810-0.009
TTM0.8015Y0.821-0.020
5Y0.82110Y0.755+0.066
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7481.230-0.482
TTM0.8011.214-0.413
YOY0.8101.063-0.253
5Y0.8211.119-0.298
10Y0.7551.009-0.254
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1.3. Liquidity of NetEase Inc.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Electronic Gaming & Multimedia industry mean).
  • A Current Ratio of 2.93 means the company has $2.93 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 2.934. The company is able to pay all its short-term debts. +1
  • The TTM is 2.468. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.934TTM2.468+0.466
TTM2.468YOY2.233+0.235
TTM2.4685Y2.262+0.206
5Y2.26210Y2.868-0.607
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ2.9342.281+0.653
TTM2.4682.394+0.074
YOY2.2332.717-0.484
5Y2.2622.781-0.519
10Y2.8682.740+0.128
1.3.2. Quick Ratio

Measures if Netease is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Netease to the Electronic Gaming & Multimedia industry mean.
  • A Quick Ratio of 5.01 means the company can pay off $5.01 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 5.012. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 4.108. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ5.012TTM4.108+0.904
TTM4.108YOY3.610+0.498
TTM4.1085Y3.661+0.447
5Y3.66110Y4.442-0.781
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ5.0121.470+3.542
TTM4.1081.649+2.459
YOY3.6101.763+1.847
5Y3.6611.929+1.732
10Y4.4421.931+2.511
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1.4. Solvency of NetEase Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Netease assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Netease to Electronic Gaming & Multimedia industry mean.
  • A Debt to Asset Ratio of 0.30 means that Netease assets are financed with 29.6% credit (debt) and the remaining percentage (100% - 29.6%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.296. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.350. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.296TTM0.350-0.055
TTM0.350YOY0.377-0.027
TTM0.3505Y0.404-0.054
5Y0.40410Y0.340+0.064
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2960.305-0.009
TTM0.3500.307+0.043
YOY0.3770.289+0.088
5Y0.4040.326+0.078
10Y0.3400.333+0.007
1.4.2. Debt to Equity Ratio

Measures if Netease is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Netease to the Electronic Gaming & Multimedia industry mean.
  • A Debt to Equity ratio of 43.4% means that company has $0.43 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 0.434. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.564. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.434TTM0.564-0.129
TTM0.564YOY0.629-0.066
TTM0.5645Y0.703-0.139
5Y0.70310Y0.549+0.154
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4340.400+0.034
TTM0.5640.392+0.172
YOY0.6290.388+0.241
5Y0.7030.466+0.237
10Y0.5490.418+0.131
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2. Market Valuation of NetEase Inc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Netease generates.

  • Above 15 is considered overpriced but always compare Netease to the Electronic Gaming & Multimedia industry mean.
  • A PE ratio of 13.62 means the investor is paying $13.62 for every $1 in earnings.

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

  • The EOD is 16.089. Based on the earnings, the company is fair priced.
  • The MRQ is 13.621. Based on the earnings, the company is underpriced. +1
  • The TTM is 18.629. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD16.089MRQ13.621+2.468
MRQ13.621TTM18.629-5.008
TTM18.629YOY24.640-6.012
TTM18.6295Y2,712.640-2,694.011
5Y2,712.64010Y1,736.544+976.096
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
EOD16.0891.633+14.456
MRQ13.6211.679+11.942
TTM18.6292.361+16.268
YOY24.64010.611+14.029
5Y2,712.64013.115+2,699.525
10Y1,736.54413.897+1,722.647
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 19.291. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 16.332. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 12.902. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD19.291MRQ16.332+2.959
MRQ16.332TTM12.902+3.430
TTM12.902YOY16.498-3.596
TTM12.9025Y99.663-86.761
5Y99.66310Y126.410-26.747
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
EOD19.291-0.262+19.553
MRQ16.332-0.914+17.246
TTM12.902-1.687+14.589
YOY16.498-0.228+16.726
5Y99.6634.141+95.522
10Y126.4105.331+121.079
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Netease is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Electronic Gaming & Multimedia industry mean).
  • A PB ratio of 3.80 means the investor is paying $3.80 for each $1 in book value.

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

  • The EOD is 4.485. Based on the equity, the company is fair priced.
  • The MRQ is 3.797. Based on the equity, the company is fair priced.
  • The TTM is 3.491. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD4.485MRQ3.797+0.688
MRQ3.797TTM3.491+0.307
TTM3.491YOY4.549-1.058
TTM3.4915Y13.004-9.513
5Y13.00410Y18.980-5.976
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
EOD4.4852.046+2.439
MRQ3.7972.162+1.635
TTM3.4912.328+1.163
YOY4.5492.842+1.707
5Y13.0043.304+9.700
10Y18.9803.636+15.344
2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding NetEase Inc

Institutions are holding 14.696% of the shares of NetEase Inc.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-06-30Amvescap Plc.1.5920.260310267434-370754-3.4851
2023-06-30UBS Asset Mgmt Americas Inc1.32720.3667855984900
2023-06-30Ninety One UK Limited1.05091.91236777689-36307-0.5328
2023-06-30Dodge & Cox0.78730.32765077959-3674310-41.9812
2023-06-30Morgan Stanley - Brokerage Accounts0.56660.0348365432237340411.3811
2023-06-30FMR Inc0.56220.02943625615-3133417-46.359
2023-06-30Greenwoods Asset Management Hong Kong Ltd.0.359510.835231833353118329.7224
2023-06-30Alkeon Capital Management, LLC0.33730.3682175464-8275-0.3789
2023-06-30Orbis Allan Gray Ltd0.29331.3088189157220949412.4545
2023-06-30Massachusetts Financial Services Company0.2640.05411702898-1638490-49.0362
2023-06-30Nuveen Asset Management, LLC0.23020.05148477273824998.8917
2023-06-30Fisher Asset Management, LLC0.2210.07621425451197251.4032
2023-06-30Arrowstreet Capital Limited Partnership0.1890.1433121911220195319.8546
2023-06-30Man Group PLC0.17750.34151144979488124.453
2023-06-30Dimensional Fund Advisors, Inc.0.16160.03221042216-63986-5.7843
2023-06-30Capital Research & Mgmt Co - Division 30.16020.02421033220145051.4239
2023-06-30Bank of America Corp0.15560.01021003575-137283-12.0333
2023-06-30Cederberg Capital Limited0.140838.292890797500
2023-09-30Handelsbanken Fonder AB0.13460.4866867978-10407-1.1848
2023-06-30Goldman Sachs Group Inc0.12310.0155794126-423322-34.7713
Total 8.833954.969556974539-7359226-12.9%

3.2. Funds holding NetEase Inc

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-09-30Invesco Emerging Markets Equity0.91292.69765887670-3101034-34.4992
2023-09-30Invesco Developing Markets A0.91292.59145887670-527511-8.2229
2023-06-30UBS China Equity Opportunity0.6759.36924353270-200766-4.4085
2023-09-30UBS (Lux) EF China Oppo(USD) P USD acc0.60019.96773870671-98006-2.4695
2023-06-30Ninety One Global Franchise0.42893.38932765957-17903-0.6431
2023-09-30Ninety One GSF Glb Frchs I Acc USD0.42513.6913274145800
2023-09-30Dodge & Cox International Stock I0.39410.56842541526-2196300-46.3567
2023-06-30Orbis SICAV Em Mkt Eq Inv0.28528.3288183961020315112.4141
2023-06-30UBS All China Equity0.22747.61651466528-53109-3.4948
2023-09-30UBS (Lux) ES All China (USD) P acc0.21948.1924141474500
2023-09-30MFS Emerging Markets Equity0.15061.3947971587-59032-5.7278
2023-09-30MFS Emerging Markets Equity A0.15061.394597158752800.5464
2023-04-25MUAM Emerging Eq Index Mother0.13750.5303886895358004.2063
2023-08-31CREF Growth R10.13370.278986213900
2023-09-30Fidelity® Series Emerging Markets Opps0.13030.3992840186-9607-1.1305
2023-09-30Fidelity® Series Emerging Markets0.08481.1211547073-10808-1.9373
2023-06-30Invesco Emerging Markets Equity Tr - A0.08353.6784538304-62592-10.4164
2023-06-30Invesco Emerging Markets Equity Tr - I0.08353.6784538304-62592-10.4164
2023-09-30Fidelity China Consumer Y-Acc-USD0.07851.348550607825000.4964
2023-10-31Handelsbanken Tillväxtmark Tema (A1 SEK)0.07833.0602504800-30360-5.6731
Total 6.192373.296839936058-6182889-15.5%
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

4. Summary

4.1. 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+/-5 Year+/-10 Year+/-
Book Value Change Per Share--2.1670.823+163%1.027+111%0.799+171%0.541+301%
Book Value Per Share--25.46323.828+7%20.419+25%17.320+47%12.019+112%
Current Ratio--2.9342.468+19%2.233+31%2.262+30%2.868+2%
Debt To Asset Ratio--0.2960.350-16%0.377-22%0.404-27%0.340-13%
Debt To Equity Ratio--0.4340.564-23%0.629-31%0.703-38%0.549-21%
Dividend Per Share--0.4560.416+10%0.227+101%0.364+25%0.234+95%
Eps--1.7751.222+45%0.976+82%0.880+102%0.471+277%
Free Cash Flow Per Share--1.4801.639-10%1.421+4%1.176+26%0.819+81%
Free Cash Flow To Equity Per Share---2.896-0.498-83%0.577-602%0.730-497%0.570-608%
Gross Profit Margin--0.6070.329+85%0.308+97%-0.035+106%0.181+236%
Intrinsic Value_10Y_max--87.700--------
Intrinsic Value_10Y_min--42.273--------
Intrinsic Value_1Y_max--6.125--------
Intrinsic Value_1Y_min--3.461--------
Intrinsic Value_3Y_max--20.433--------
Intrinsic Value_3Y_min--11.131--------
Intrinsic Value_5Y_max--37.188--------
Intrinsic Value_5Y_min--19.546--------
Market Cap73659967920.000+15%62827537608.00054484871769.000+15%61597445756.000+2%123816642747.186-49%120546892692.118-48%
Net Profit Margin--0.3430.232+48%0.210+64%0.207+66%0.256+34%
Operating Margin--0.1790.153+18%0.165+9%0.167+8%0.237-24%
Operating Ratio--0.7480.801-7%0.810-8%0.821-9%0.755-1%
Pb Ratio4.485+15%3.7973.491+9%4.549-17%13.004-71%18.980-80%
Pe Ratio16.089+15%13.62118.629-27%24.640-45%2712.640-99%1736.544-99%
Price Per Share114.210+15%96.69083.340+16%92.558+4%187.827-49%182.730-47%
Price To Free Cash Flow Ratio19.291+15%16.33212.902+27%16.498-1%99.663-84%126.410-87%
Price To Total Gains Ratio43.540+15%36.861112.060-67%-18.623+151%268.736-86%430.907-91%
Quick Ratio--5.0124.108+22%3.610+39%3.661+37%4.442+13%
Return On Assets--0.0490.033+47%0.032+54%0.031+59%0.038+29%
Return On Equity--0.0720.053+37%0.052+37%0.052+38%0.057+26%
Total Gains Per Share--2.6231.239+112%1.254+109%1.163+126%0.775+238%
Usd Book Value--16545389477.10015582011705.950+6%13585210856.775+22%11454456750.890+44%7942884636.585+108%
Usd Book Value Change Per Share--2.1670.823+163%1.027+111%0.799+171%0.541+301%
Usd Book Value Per Share--25.46323.828+7%20.419+25%17.320+47%12.019+112%
Usd Dividend Per Share--0.4560.416+10%0.227+101%0.364+25%0.234+95%
Usd Eps--1.7751.222+45%0.976+82%0.880+102%0.471+277%
Usd Free Cash Flow--961748146.0001071926216.125-10%945222038.800+2%777906150.575+24%541281609.418+78%
Usd Free Cash Flow Per Share--1.4801.639-10%1.421+4%1.176+26%0.819+81%
Usd Free Cash Flow To Equity Per Share---2.896-0.498-83%0.577-602%0.730-497%0.570-608%
Usd Market Cap73659967920.000+15%62827537608.00054484871769.000+15%61597445756.000+2%123816642747.186-49%120546892692.118-48%
Usd Price Per Share114.210+15%96.69083.340+16%92.558+4%187.827-49%182.730-47%
Usd Profit--1153163103.300799094984.875+44%694658270.850+66%578061176.020+99%425662695.388+171%
Usd Revenue--3359181009.9003467642507.025-3%3291041071.075+2%2878809254.845+17%2001707852.168+68%
Usd Total Gains Per Share--2.6231.239+112%1.254+109%1.163+126%0.775+238%
 EOD+4 -4MRQTTM+26 -10YOY+33 -35Y+30 -610Y+29 -7

4.2. 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)Between0-1516.089
Price to Book Ratio (EOD)Between0-14.485
Net Profit Margin (MRQ)Greater than00.343
Operating Margin (MRQ)Greater than00.179
Quick Ratio (MRQ)Greater than15.012
Current Ratio (MRQ)Greater than12.934
Debt to Asset Ratio (MRQ)Less than10.296
Debt to Equity Ratio (MRQ)Less than10.434
Return on Equity (MRQ)Greater than0.150.072
Return on Assets (MRQ)Greater than0.050.049
Total6/10 (60.0%)

4.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.541
Ma 20Greater thanMa 50113.486
Ma 50Greater thanMa 100106.906
Ma 100Greater thanMa 200105.196
OpenGreater thanClose114.170
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in CNY. All numbers in thousands.

Summary
Total Assets167,905,722
Total Liabilities49,639,893
Total Stockholder Equity114,264,783
 As reported
Total Liabilities 49,639,893
Total Stockholder Equity+ 114,264,783
Total Assets = 167,905,722

Assets

Total Assets167,905,722
Total Current Assets124,223,852
Long-term Assets124,223,852
Total Current Assets
Cash And Cash Equivalents 12,766,270
Short-term Investments 97,041,866
Net Receivables 5,343,028
Inventory 806,960
Other Current Assets 5,352,876
Total Current Assets  (as reported)124,223,852
Total Current Assets  (calculated)121,311,000
+/- 2,912,852
Long-term Assets
Property Plant Equipment 7,347,204
Long Term Investments 2,681,840
Intangible Assets 4,147,468
Long-term Assets Other 28,184,661
Long-term Assets  (as reported)43,681,870
Long-term Assets  (calculated)42,361,173
+/- 1,320,697

Liabilities & Shareholders' Equity

Total Current Liabilities42,338,974
Long-term Liabilities7,300,919
Total Stockholder Equity114,264,783
Total Current Liabilities
Short-term Debt 11,881,623
Short Long Term Debt 11,881,623
Accounts payable 740,607
Other Current Liabilities 16,772,900
Total Current Liabilities  (as reported)42,338,974
Total Current Liabilities  (calculated)41,276,753
+/- 1,062,221
Long-term Liabilities
Long term Debt 3,953,664
Long-term Liabilities Other 1,137,672
Long-term Liabilities  (as reported)7,300,919
Long-term Liabilities  (calculated)5,091,336
+/- 2,209,583
Total Stockholder Equity
Total Stockholder Equity (as reported)114,264,783
Total Stockholder Equity (calculated)0
+/- 114,264,783
Other
Cash and Short Term Investments 109,808,136
Common Stock Shares Outstanding 649,783
Current Deferred Revenue12,943,844
Liabilities and Stockholders Equity 167,905,722
Net Debt 3,069,017
Net Invested Capital 130,100,070
Net Working Capital 81,884,878
Short Long Term Debt Total 15,835,287



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312001-09-302001-06-302001-03-312000-12-312000-09-302000-06-302000-03-31
> 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
17,519,727
18,441,411
19,277,956
19,277,956
21,982,426
22,986,334
24,546,330
24,546,330
27,275,754
28,443,077
30,354,671
30,354,671
35,001,728
37,206,585
41,157,430
41,157,430
45,765,099
49,655,423
58,031,860
58,031,860
65,202,953
66,499,523
71,031,415
71,031,415
75,400,068
79,988,987
86,967,928
86,967,928
92,800,303
105,823,818
112,124,371
112,124,371
144,170,254
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
172,760,985
167,905,722
167,905,722172,760,985172,760,985172,707,671168,179,586153,643,924153,643,924147,788,304154,857,023141,874,582141,874,582144,731,644144,170,254112,124,371112,124,371105,823,81892,800,30386,967,92886,967,92879,988,98775,400,06871,031,41571,031,41566,499,52365,202,95358,031,86058,031,86049,655,42345,765,09941,157,43041,157,43037,206,58535,001,72830,354,67130,354,67128,443,07727,275,75424,546,33024,546,33022,986,33421,982,42619,277,95619,277,95618,441,41117,519,72715,444,93115,444,93114,462,76013,327,52911,586,66211,586,66210,680,8049,853,6758,803,4698,803,4697,946,4497,448,7486,345,8936,345,8935,959,1805,480,8854,685,6594,685,6594,306,4764,203,5214,373,7084,373,7084,198,8503,966,8143,624,9863,624,9863,427,9062,954,3352,450,1402,450,1402,293,8662,154,9511,787,0051,787,0051,698,515786,220619,535619,535574,000582,000674,914674,914000992,735977,545992,1330
   > 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
16,149,020
16,993,024
17,868,673
17,868,673
20,944,779
21,378,220
22,797,763
22,797,763
24,858,113
26,162,503
27,732,522
27,732,522
31,297,440
33,219,183
34,408,924
34,408,924
36,949,039
39,865,791
49,919,704
49,919,704
57,620,381
58,827,390
61,947,760
61,947,760
62,374,252
62,950,752
68,715,720
68,715,720
73,043,425
82,546,021
85,105,012
85,105,012
111,113,047
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
131,603,199
124,223,852
124,223,852131,603,199131,603,199131,592,030128,009,165113,120,254113,120,254108,943,566115,959,185107,831,043107,831,043113,765,137111,113,04785,105,01285,105,01282,546,02173,043,42568,715,72068,715,72062,950,75262,374,25261,947,76061,947,76058,827,39057,620,38149,919,70449,919,70439,865,79136,949,03934,408,92434,408,92433,219,18331,297,44027,732,52227,732,52226,162,50324,858,11322,797,76322,797,76321,378,22020,944,77917,868,67317,868,67316,993,02416,149,02014,474,18614,474,18613,504,04212,324,45710,626,89510,626,8959,768,3068,951,1557,972,5627,972,5627,028,3396,582,0735,973,7795,973,7795,630,3355,251,9814,436,2934,436,2934,056,3463,192,2814,129,1864,129,1863,989,3573,782,0873,497,3033,497,3033,302,5092,849,0752,366,4502,366,4502,210,6132,084,0551,733,0681,733,0681,644,070749,877589,700589,700545,000550,000626,977626,977000908,196892,428933,1800
       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
1,075,734
1,184,546
1,590,769
1,590,769
1,363,480
917,302
1,458,298
1,458,298
1,668,981
2,194,934
2,021,453
2,021,453
5,389,872
6,270,082
6,071,487
6,071,487
5,257,160
4,481,803
5,439,499
5,439,499
3,012,500
2,575,522
2,764,140
2,764,140
3,079,286
4,778,084
5,389,198
5,389,198
4,832,320
2,741,419
3,246,373
3,246,373
10,622,795
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
24,889,000
12,766,270
12,766,27024,889,00024,889,00017,999,16616,461,90814,498,15714,498,15722,266,7819,935,8059,117,2199,117,2196,466,25010,622,7953,246,3733,246,3732,741,4194,832,3205,389,1985,389,1984,778,0843,079,2862,764,1402,764,1402,575,5223,012,5005,439,4995,439,4994,481,8035,257,1606,071,4876,071,4876,270,0825,389,8722,021,4532,021,4532,194,9341,668,9811,458,2981,458,298917,3021,363,4801,590,7691,590,7691,184,5461,075,7342,214,6182,214,6181,943,5291,844,4921,285,1371,285,1371,664,1102,084,8871,041,2901,041,2901,356,3051,282,099793,408793,408993,1892,397,8362,482,8212,482,8211,205,936919,3321,206,4771,206,4771,136,3951,700,4571,685,7441,685,7441,743,2782,642,4692,123,8922,123,8921,840,8291,701,5811,356,3071,356,3071,594,380728,754559,940559,940522,000527,000479,694479,694000707,705782,464857,8300
       Short-term Investments 
0
0
0
16,437
0
0
0
45,529
45,529
0
0
146
0
0
0
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
13,276,882
13,751,337
14,172,200
14,172,200
15,932,498
16,810,130
17,526,651
17,526,651
18,890,062
19,225,270
20,555,126
20,555,126
17,516,604
18,038,947
19,606,790
19,606,790
22,930,839
26,378,150
30,943,214
30,943,214
38,127,979
38,104,273
40,346,032
40,346,032
41,048,622
37,658,523
44,575,062
44,575,062
50,719,264
58,640,272
68,799,670
68,799,670
85,547,422
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
92,570,352
97,041,866
97,041,86692,570,35292,570,35298,236,14295,083,28283,036,39483,036,39469,066,60790,947,12484,352,35384,352,35391,933,78885,547,42268,799,67068,799,67058,640,27250,719,26444,575,06244,575,06237,658,52341,048,62240,346,03240,346,03238,104,27338,127,97930,943,21430,943,21426,378,15022,930,83919,606,79019,606,79018,038,94717,516,60420,555,12620,555,12619,225,27018,890,06217,526,65117,526,65116,810,13015,932,49814,172,20014,172,20013,751,33713,276,882993,606993,6069,957,9189,391,7848,689,6951,262,8147,117,3216,194,0866,234,955893,5445,054,1154,929,1015,238,315706,4864,329,356372,6322,225,221229,7331,873,8272,057,8132,729,0872,729,0872,644,2461,911,5261,867,825209,6571,432,05082,783165,532165,532248,508248,790332,152332,1520001460045,52945,52900016,437000
       Net Receivables 
0
14,452
5,211
1,084
0
0
0
0
0
15,000
17,000
0
0
0
0
0
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
274,174
305,510
269,485
269,485
327,405
399,718
402,511
402,511
568,011
768,138
873,137
873,137
1,774,275
1,942,200
2,614,149
2,614,149
2,491,142
2,661,949
4,251,297
4,251,297
3,403,854
3,259,524
3,619,725
3,619,725
3,863,986
4,569,249
4,288,500
4,288,500
4,494,715
4,706,696
4,169,358
4,169,358
5,018,414
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
5,002,872
5,343,028
5,343,0285,002,8725,002,8725,208,0195,213,1515,507,9885,507,9885,422,3264,452,5044,576,4454,576,4454,948,9995,018,4144,169,3584,169,3584,706,6964,494,7154,288,5004,288,5004,569,2493,863,9863,619,7253,619,7253,259,5243,403,8544,251,2974,251,2972,661,9492,491,1422,614,1492,614,1491,942,2001,774,275873,137873,137768,138568,011402,511402,511399,718327,405269,485269,485305,510274,174230,047230,047231,167190,143305,567305,567188,714196,321225,873225,873117,490133,683268,389268,389219,904193,683175,245175,245137,789121,816146,690146,690117,67996,54978,86078,86075,15575,05359,62059,62091,62178,24377,3790000017,00015,000000001,0845,21114,4520
       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
1,522,230
1,751,631
26,188
26,188
3,321,396
3,251,070
39,181
39,181
3,731,059
3,974,161
45,450
45,450
6,616,689
6,967,954
114,198
114,198
6,269,898
6,343,889
87,237
87,237
13,076,048
30,140,825
233,365
233,365
8,706,250
9,653,790
306,631
306,631
9,030,422
15,770,885
117,975
117,975
9,365,627
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
5,448,284
5,352,876
5,352,8765,448,2845,448,2849,215,79810,407,057126,386126,38611,149,2459,739,441108,757108,7579,891,7409,365,627117,975117,97515,770,8859,030,422306,631306,6319,653,7908,706,250233,365233,36530,140,82513,076,04887,23787,2376,343,8896,269,898114,198114,1986,967,9546,616,68945,45045,4503,974,1613,731,05939,18139,1813,251,0703,321,39626,18826,1881,751,6311,522,2309,786,3799,786,3791,371,428898,0388,252,6518,252,651798,161475,8615,975,3785,975,378500,429237,1904,822,5874,822,58787,8872,554,5361,678,1291,678,129838,79493,3202,733,3252,733,32591,03673,5551,696,6721,696,67252,02548,7717,9777,97729,6559,00215,18515,18524,6698,06422,44322,4436,0008,0002,2912,29100060,154104,75260,8980
   > 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
1,370,707
1,448,387
1,409,283
1,409,283
1,037,647
1,608,114
1,748,567
1,748,567
2,417,641
2,280,574
2,622,149
2,622,149
3,704,288
3,987,402
6,748,506
6,748,506
8,816,060
9,789,632
8,112,156
8,112,156
7,582,572
7,672,133
9,083,655
9,083,655
13,025,816
17,038,235
18,252,208
18,252,208
19,756,878
23,277,797
27,019,359
27,019,359
33,057,207
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
41,157,786
43,681,870
43,681,87041,157,78641,157,78641,115,64140,170,42140,523,67040,523,67038,844,73838,897,83834,043,53934,043,53930,966,50733,057,20727,019,35927,019,35923,277,79719,756,87818,252,20818,252,20817,038,23513,025,8169,083,6559,083,6557,672,1337,582,5728,112,1568,112,1569,789,6328,816,0606,748,5066,748,5063,987,4023,704,2882,622,1492,622,1492,280,5742,417,6411,748,5671,748,5671,608,1141,037,6471,409,2831,409,2831,448,3871,370,707970,745970,745958,7181,003,072959,767959,767912,498902,520830,907830,907918,111866,675372,114372,114328,844228,904249,366249,366250,1301,011,240244,522244,522209,493184,727127,683127,683125,397105,26083,69083,69083,25470,89553,93753,93754,44536,34429,83429,83429,00032,00047,93747,93700084,53985,11758,9540
       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
791,541
806,665
815,026
815,026
816,242
814,110
872,113
872,113
936,334
1,024,763
1,281,225
1,281,225
1,636,218
1,817,592
2,092,046
2,092,046
2,061,630
2,162,822
2,419,510
2,419,510
2,981,909
3,356,472
3,769,326
3,769,326
4,873,181
5,305,776
5,378,560
5,378,560
5,477,572
4,708,165
4,621,712
4,621,712
4,416,247
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
6,342,330
7,347,204
7,347,2046,342,3306,342,3306,165,1516,022,3655,433,8585,433,8584,956,8324,694,3544,555,4064,555,4064,439,2704,416,2474,621,7124,621,7124,708,1655,477,5725,378,5605,378,5605,305,7764,873,1813,769,3263,769,3263,356,4722,981,9092,419,5102,419,5102,162,8222,061,6302,092,0462,092,0461,817,5921,636,2181,281,2251,281,2251,024,763936,334872,113872,113814,110816,242815,026815,026806,665791,541848,469848,469756,165777,085755,778755,778692,174662,237557,756557,756531,139475,262258,788258,788219,507177,091183,472183,472198,914207,062224,208224,208195,007149,290126,342126,342124,056103,87877,30377,30375,17660,85840,41740,41730,01025,68226,37326,37328,00032,00036,36336,36300044,15230,99725,6970
       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
0
318,943
318,943
0
0
595,280
595,280
0
0
2,166,486
2,166,486
0
02,166,4862,166,48600595,280595,28000318,943318,94300000000000000000000000000000000000000000000000000000000000000000000000000000000000
       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
2,681,8402,731,8402,973,8404,473,8404,473,8404,473,8405,823,8406,953,0007,100,0006,740,0006,630,0004,250,0006,823,39013,067,01711,653,86850,00050,00050,00016,42721,83822,49623,8832,784,77650,00050,000500,0002,520,0271,210,0001,620,00002,874,6520001,050,478000766,1290000000000000000000000000000000000000000000000000000000
       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
26,608
11,594
11,529
11,529
11,400
11,335
11,271
11,271
11,141
40,414
77,648
77,648
79,372
116,613
238,878
238,878
595,033
591,960
588,887
588,887
582,742
596,458
593,279
593,279
586,951
3,520,608
3,502,569
3,502,569
3,550,517
3,303,913
3,707,179
3,707,179
4,221,940
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
4,121,767
4,147,468
4,147,4684,121,7674,121,7674,134,5074,156,6744,108,0904,108,0904,112,7654,134,6074,178,2574,178,2574,200,0994,221,9403,707,1793,707,1793,303,9133,550,5173,502,5693,502,5693,520,608586,951593,279593,279596,458582,742588,887588,887591,960595,033238,878238,878116,61379,37277,64877,64840,41411,14111,27111,27111,33511,40011,52911,52911,59426,60860,75060,750133,927156,790156,683156,683173,940191,198225,152225,152242,376244,71712,56312,56312,7331,85127,7383,69526,9683,54100000000000000000000000000000
       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
0
0
0
00026,342,14325,517,54225,708,56925,157,88222,822,14122,968,87719,427,36418,679,87618,077,13817,595,6303,145,6162,933,70114,774,6199,969,28913,562,8214,7931,173,6741,112,130858,345816,796648,650678,635869,257819,9111,143,7071,016,330795,973718,833341,401333,560179,751216,118204,596238,781205,024144,780129,73936,07534,52995,385102,10791,16386,29719,42731,75834,96429,71430,90732,93135,43237,20740,01756,69057,30627,99716,61115,9717,5599,6889,0330105,7641,9372,6031,8344,4321,4851661661675567729761,21301,6332,9520798418340431,3980002,38504,0170
> 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
2,507,983
2,630,325
3,676,470
3,676,470
4,172,716
4,097,750
4,378,067
4,378,067
5,925,291
6,152,567
6,862,877
6,862,877
9,238,864
10,096,572
11,833,831
11,833,831
12,854,283
14,408,880
19,568,919
19,568,919
20,975,071
20,782,778
24,596,275
24,596,275
31,170,818
35,861,741
40,942,083
40,942,083
41,132,971
41,771,698
49,531,516
49,531,516
57,191,315
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
63,887,505
49,639,893
49,639,89363,887,50563,887,50563,201,89863,415,09654,365,28654,365,28662,683,74167,433,72058,876,77858,876,77858,637,86157,191,31549,531,51649,531,51641,771,69841,132,97140,942,08340,942,08335,861,74131,170,81824,596,27524,596,27520,782,77820,975,07119,568,91919,568,91914,408,88012,854,28311,833,83111,833,83110,096,5729,238,8646,862,8776,862,8776,152,5675,925,2914,378,0674,378,0674,097,7504,172,7163,676,4703,676,4702,630,3252,507,9832,346,4672,346,4672,291,4002,006,6981,863,0241,863,0241,688,0941,461,8251,378,1251,378,1251,088,055990,161829,248829,248899,8801,243,9281,287,0261,287,0261,290,6671,267,4221,468,0401,468,0401,302,8801,301,1121,233,8921,233,8921,314,9181,183,6061,096,8951,096,8951,077,7951,048,775905,826905,826912,01850,04938,64538,64538,00041,000119,785119,785000153,36790,66474,6630
   > 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
2,433,472
2,537,914
3,576,502
3,576,502
4,084,033
3,981,508
4,233,184
4,233,184
5,851,202
6,064,973
6,756,447
6,756,447
9,044,602
9,894,502
11,667,423
11,667,423
12,811,331
14,361,393
19,534,998
19,534,998
20,189,449
20,095,868
23,750,114
23,750,114
29,620,719
33,124,259
35,109,010
35,109,010
33,932,654
34,610,569
38,243,013
38,243,013
45,195,482
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
56,828,847
42,338,974
42,338,97456,828,84756,828,84757,028,59057,444,68750,501,32650,501,32649,008,28554,341,72346,743,49146,743,49146,928,90945,195,48238,243,01338,243,01334,610,56933,932,65435,109,01035,109,01033,124,25929,620,71923,750,11423,750,11420,095,86820,189,44919,534,99819,534,99814,361,39312,811,33111,667,42311,667,4239,894,5029,044,6026,756,4476,756,4476,064,9735,851,2024,233,1844,233,1843,981,5084,084,0333,576,5023,576,5022,537,9142,433,4722,282,5772,282,5772,258,1071,978,1501,828,2271,828,2271,662,7261,450,3611,377,9251,377,9251,087,855989,961829,048829,048899,6781,233,7341,276,8261,276,8261,280,462581,576676,408676,408501,940490,347415,479415,479494,126344,147257,495257,495238,238209,32277,78077,78083,88649,73238,64538,64538,00041,000119,785119,785000153,36790,48574,4740
       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
367,774
385,433
847,133
847,133
988,592
983,680
975,504
975,504
2,061,188
2,061,088
2,049,865
2,049,865
2,139,760
2,226,455
2,272,760
2,272,760
2,320,920
3,005,010
3,815,691
3,815,691
5,377,687
5,732,593
6,623,502
6,623,502
12,725,741
13,645,930
13,658,554
13,658,554
13,553,805
15,494,839
16,828,226
16,828,226
21,932,603
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
23,875,704
11,881,623
11,881,62323,875,70423,875,70425,445,61728,027,12519,352,31319,352,31319,614,14327,188,19819,504,69619,504,69622,247,52321,932,60316,828,22616,828,22615,494,83913,553,80513,658,55413,658,55413,645,93012,725,7416,623,5026,623,5025,732,5935,377,6873,815,6913,815,6913,005,0102,320,9202,272,7602,272,7602,226,4552,139,7602,049,8652,049,8652,061,0882,061,188975,504975,504983,680988,592847,133847,133385,433367,774659,141659,141377,350303,727289,332289,332245,452238,354213,727213,727162,096170,564104,754104,75456,346434,850641,779641,779665,12022,74795,47695,47667,45432,88783,82983,82922,05820,69944,00944,00923,71819,93416,56300010,39610,3960084,01584,015000112,46462,63742,9000
       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
11,881,62327,392,77123,875,70425,445,61728,027,12522,679,51919,352,31319,614,14327,188,19821,827,01719,504,69622,247,52321,932,60319,624,53516,828,22615,494,83913,553,80514,134,5540001,515,1916,623,5025,732,5935,377,6874,483,4423,815,6913,005,0102,321,00002,272,7600002,049,865000975,5040000000000000000000000000000000000000000000000000000000
       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
104,062
124,223
157,764
157,764
162,844
163,445
219,259
219,259
255,499
272,366
410,722
410,722
366,466
514,962
700,600
700,600
725,593
762,187
1,396,187
1,396,187
1,898,547
2,068,879
2,442,531
2,442,531
2,308,212
2,574,525
2,384,818
2,384,818
2,609,491
1,219,413
1,212,303
1,212,303
853,745
997,099
1,134,413
1,134,413
889,722
1,098,916
985,059
985,059
942,070
867,298
1,507,141
1,507,141
740,607
740,6071,507,1411,507,141867,298942,070985,059985,0591,098,916889,7221,134,4131,134,413997,099853,7451,212,3031,212,3031,219,4132,609,4912,384,8182,384,8182,574,5252,308,2122,442,5312,442,5312,068,8791,898,5471,396,1871,396,187762,187725,593700,600700,600514,962366,466410,722410,722272,366255,499219,259219,259163,445162,844157,764157,764124,223104,062134,217134,217127,466123,366130,558130,55895,612103,332238,435238,435173,019224,255119,830119,830161,381106,22489,14489,14488,801103,815105,555105,55535,86059,01628,84928,849129,18738,84119,34419,34418,82219,79510,74010,74014,21216,7413,8143,8148,00015,00013,11913,1190009,9853,88522,6930
       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
822,324
871,704
1,411,587
1,411,587
1,711,603
1,514,499
1,557,385
1,557,385
1,842,367
1,981,299
2,328,080
2,328,080
2,729,720
3,042,347
4,042,313
4,042,313
4,830,328
5,067,563
6,791,882
6,791,882
6,800,252
6,128,399
8,446,112
8,446,112
8,231,394
9,536,149
11,112,383
11,112,383
10,206,436
9,700,250
11,600,257
11,600,257
13,033,225
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
18,927,112
16,772,900
16,772,90018,927,11218,927,11216,813,79316,158,72918,031,21118,031,21114,724,52514,899,14715,159,23915,159,23913,307,84813,033,22511,600,25711,600,2579,700,25010,206,43611,112,38311,112,3839,536,1498,231,3948,446,1128,446,1126,128,3996,800,2526,791,8826,791,8825,067,5634,830,3284,042,3134,042,3133,042,3472,729,7202,328,0802,328,0801,981,2991,842,3671,557,3851,557,3851,514,4991,711,6031,411,5871,411,587871,704822,324475,146475,146735,441626,029492,078492,078555,008442,441277,695277,695186,230169,772156,738156,738234,412286,944190,936190,936157,322125,48989,65689,65694,261127,56771,13171,131111,618105,11959,24559,24563,27468,10167,04067,04069,67532,99224,27124,27130,00026,00011,71111,71100029,11223,9628,8820
   > 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
74,511
92,411
99,968
99,968
88,683
116,242
144,883
144,883
74,089
87,594
106,430
106,430
194,262
202,070
166,408
166,408
42,952
47,487
33,921
33,921
785,622
686,910
846,161
846,161
1,550,099
2,737,482
5,833,073
5,833,073
7,200,317
7,161,129
11,288,503
11,288,503
11,995,833
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
7,058,658
7,300,919
7,300,9197,058,6587,058,6586,173,3085,970,4093,863,9603,863,96013,675,45613,091,99712,133,28712,133,28711,708,95211,995,83311,288,50311,288,5037,161,1297,200,3175,833,0735,833,0732,737,4821,550,099846,161846,161686,910785,62233,92133,92147,48742,952166,408166,408202,070194,262106,430106,43087,59474,089144,883144,883116,24288,68399,96899,96892,41174,51163,89063,89033,29328,54834,79734,79725,36811,46420020020020020020020210,19410,20010,20010,204685,846791,631791,631800,940810,765818,413818,413820,792839,459839,400839,400839,557839,454828,046828,046828,13131600000000001801890
       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
0
0
0
0002,480,0542,472,1302,535,2881,345,8741,582,5581,266,791997,2221,337,1671,047,9711,457,170769,962559,954779,827911,522600,4331,37591,10588,65267,1202,8051,600302929303094313,11710,8499,4398,53917,15314,27111,94311,59823,93318,99414,44910,64516,04614,70411,7288,27010,1515,2204,3694,2265,0523,7921,690292929292929291,4871,4551,3981,3621,4711,4551,4580001,4321,4321,4061,4201,42000028393800000000000220
       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
000000000000000000000032,74200056,44100012,54100012,54100000000000000000000000000000000000000000000000000000000000
> 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
15,066,675
15,894,736
15,680,605
15,680,605
17,893,073
18,974,716
20,245,168
20,245,168
21,396,995
22,325,462
23,491,794
23,491,794
25,738,605
27,034,098
29,240,083
29,240,083
32,722,886
35,003,190
38,191,081
38,191,081
43,538,025
45,015,752
45,732,007
45,732,007
43,611,502
43,375,843
45,231,636
45,231,636
50,951,338
63,381,110
61,453,699
61,453,699
85,804,783
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
104,731,317
114,264,783
114,264,783104,731,317104,731,317105,364,713100,830,81795,328,08095,328,08083,780,06586,136,04482,126,79882,126,79885,246,78785,804,78361,453,69961,453,69963,381,11050,951,33845,231,63645,231,63643,375,84343,611,50245,732,00745,732,00745,015,75243,538,02538,191,08138,191,08135,003,19032,722,88629,240,08329,240,08327,034,09825,738,60523,491,79423,491,79422,325,46221,396,99520,245,16820,245,16818,974,71617,893,07315,680,60515,680,60515,894,73615,066,67513,126,70113,126,70112,217,19511,355,1689,740,8119,740,8119,018,0308,407,9757,438,7777,438,7776,858,3946,458,5875,516,4365,516,4365,059,0934,236,7533,398,4263,398,4263,015,8092,936,0992,905,6682,905,6682,895,9702,665,7022,391,0932,391,0932,112,9881,770,7291,353,2461,353,2461,216,0711,106,175881,179881,179786,497736,171580,889580,889536,000541,000555,129555,129000839,368886,880917,4700
   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
0
2,687
2,687
0
0
2,696
2,696
0
0
2,663
2,663
0
0
2,674
2,674
0
0
2,685
2,685
32,723,000
35,003,190
2,676
2,676
43,538,025
45,015,752
2,678
2,678
6,540,417
6,314,816
2,620
2,620
50,951,338
63,381,110
2,640
2,640
85,804,783
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
2,710
0
02,7102,710105,364,713100,830,8172,7942,79483,780,06586,136,0442,7942,79485,246,78785,804,7832,6402,64063,381,11050,951,3382,6202,6206,314,8166,540,4172,6782,67845,015,75243,538,0252,6762,67635,003,19032,723,0002,6852,685002,6742,674002,6632,663002,6962,696002,6872,687002,6732,673002,6642,664002,6422,642002,5262,526002,6462,6462,6832,7172,7002,7002,7002,6682,6352,6352,6232,6212,5902,5902,5882,6042,5662,5663,0003,0002,5042,5040002,4892,4902,4920
   Retained Earnings Total Equity0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   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
0
472,586
472,586
0
0
634,108
634,108
0
0
878,466
878,466
0
0
937,282
937,282
0
0
1,038,369
1,038,369
0
0
1,221,640
1,221,640
0
0
1,242,809
1,242,809
0
0
1,231,628
1,231,628
0
0
1,143,763
1,143,763
0
0
577,991
577,991
0
0
417,060
417,060
0
0
1,710,452
1,710,452
0
01,710,4521,710,45200417,060417,06000577,991577,991001,143,7631,143,763001,231,6281,231,628001,242,8091,242,809001,221,6401,221,640001,038,3691,038,36900937,282937,28200878,466878,46600634,108634,10800472,586472,58600321,968321,96800225,784225,78400195,872195,8725,059,0934,236,753170,062170,0623,015,8092,936,099163,118163,118135,124135,258135,450135,45091,09391,11191,07991,07933,88933,87633,84733,84732-33,102-33,352-33,352-2,000-4,000-38,235-38,235000-44,041-50,634-54,1690
   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
000000000000003,913,6560000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000-67,81400000000000000000000000-24,193-17,132-50,2530000000000000000000000000
   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
011,943,48011,943,480105,364,713100,830,81717,413,75117,413,75183,780,06586,136,04417,383,32417,383,32485,246,78775,266,1203,913,6563,913,65663,381,11050,951,33847,768,2185243,375,84343,611,5021,753,4391,753,43945,015,75243,538,0251,637,9531,637,95335,003,19032,722,8861,779,3311,779,33127,034,09825,738,6051,226,4161,226,41622,325,46221,396,995854,878854,87818,974,71617,893,073734,192734,19215,894,73615,066,6751,002,3361,002,33612,217,19511,355,168850,724850,7249,018,0308,407,975784,489784,4896,858,3946,458,587578,845578,845000000401,796401,796714,139796,4971,129,7331,129,7331,128,3011,044,5701,023,9541,023,9541,016,9251,016,125993,429993,429992,9451,059,8201,049,4081,049,4081,016,0001,014,0001,033,3691,033,3690001,040,8781,029,6821,018,8260



Balance Sheet

Currency in CNY. All numbers in thousands.