# NetEase, Inc. (NTES)

> Technology · CN · Reports in CNY

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/NTES/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2025 | ¥ 112.63B | ¥ 33.76B | ¥ 48.52B | ¥ 6.39B | ¥ 160.40B |
| 2024 | ¥ 105.81B | ¥ 29.84B | ¥ 37.77B | ¥ 12.82B | ¥ 138.69B |
| 2023 | ¥ 104.07B | ¥ 29.59B | ¥ 31.24B | ¥ 20.48B | ¥ 124.29B |
| 2022 | ¥ 96.78B | ¥ 20.40B | ¥ 25.14B | ¥ 28.46B | ¥ 104.73B |
| 2021 | ¥ 89.42B | ¥ 17.21B | ¥ 22.27B | ¥ 21.69B | ¥ 95.33B |
| 2020 | ¥ 76.28B | ¥ 12.49B | ¥ 22.36B | ¥ 20.31B | ¥ 82.13B |
| 2019 | ¥ 61.51B | ¥ 22.05B | ¥ 14.34B | ¥ 17.30B | ¥ 61.45B |
| 2018 | ¥ 68.79B | ¥ 6.67B | ¥ 7.08B | ¥ 13.66B | ¥ 45.23B |
| 2017 | ¥ 59.77B | ¥ 11.83B | ¥ 11.09B | ¥ 6.62B | ¥ 45.73B |
| 2016 | ¥ 42.96B | ¥ 13.06B | ¥ 16.15B | ¥ 3.82B | ¥ 38.19B |
| 2015 | ¥ 26.17B | ¥ 7.73B | ¥ 8.09B | ¥ 2.27B | ¥ 29.24B |
| 2014 | ¥ 13.66B | ¥ 5.55B | ¥ 6.11B | ¥ 2.05B | ¥ 23.49B |
| 2013 | ¥ 10.88B | ¥ 5.26B | ¥ 5.93B | ¥ 975.50M | ¥ 20.25B |
| 2012 | ¥ 9.94B | ¥ 4.41B | ¥ 4.90B | ¥ 0 | ¥ 15.68B |
| 2011 | ¥ 9.06B | ¥ 4.02B | ¥ 4.50B | ¥ 0 | ¥ 13.13B |
| 2010 | ¥ 7.12B | ¥ 2.89B | ¥ 3.31B | ¥ 0 | ¥ 9.74B |
| 2009 | ¥ 5.08B | ¥ 2.50B | ¥ 2.00B | ¥ 200.0K | ¥ 7.44B |
| 2008 | ¥ 4.42B | ¥ 2.20B | ¥ 2.53B | ¥ 0 | ¥ 5.52B |
| 2007 | ¥ 3.05B | ¥ 1.76B | ¥ 1.78B | ¥ 641.78M | ¥ 3.40B |
| 2006 | ¥ 3.17B | ¥ 1.86B | ¥ 2.16B | ¥ 780.25M | ¥ 2.91B |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 0.04 |
| Liabilities / Eq | 0.35 |
| Current Ratio | 3.45 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 0.32 |
| Gross Debt / FCF | 0.27 |

## Other views

- [Metrics](https://sponda.capital/en/NTES.md)
- [Charts](https://sponda.capital/en/NTES/charts.md)
- [Compare](https://sponda.capital/en/NTES/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-27.