Core Insights - NetEase reported Q2 2025 net revenue of 27.9 billion yuan and a non-GAAP net profit attributable to shareholders of 9.5 billion yuan, with R&D investment of 4.4 billion yuan, representing an R&D intensity of 15.6% [1] - The company continues to focus on product quality and global expansion, driving long-term stable growth [1] Group 1: Gaming Performance - NetEase's gaming and related value-added services net revenue reached 22.8 billion yuan, with classic IP "Fantasy Westward Journey" achieving a record high in simultaneous online users [1][4] - New game releases such as "Yanyun Sixteen Sounds" and "Seven Days World" have shown strong performance, while the upcoming titles like "Forgotten Sea" and "Return to Tang" are generating significant market interest [3][4] - The company’s long-term IPs continue to perform well, with "Fantasy Westward Journey" and "Identity V" maintaining high rankings on iOS charts [4][5] Group 2: Innovation and R&D - NetEase invested 4.4 billion yuan in R&D, focusing on technological innovation across various sectors including gaming, music, and education [6][7] - The launch of the world's first engineering machinery embodied intelligent model "Lingjue" demonstrates the company's commitment to technological advancement [6] - NetEase Youdao's AI-driven services have improved user retention rates and sales, showcasing the effectiveness of AI in enhancing core business competitiveness [7] Group 3: E-commerce and Media - NetEase's e-commerce segment, particularly NetEase Yanxuan, saw a net revenue increase to 1.7 billion yuan, with popular products leading sales [2] - The media division has enhanced user engagement through AI-native creative assistance, resulting in a 25% increase in daily active creators on the news platform [2] Group 4: Social Responsibility and Safety Measures - The company has initiated a "Summer Minor Protection Special Action" to create a safer online environment for minors, implementing measures to limit high-age user account creation [8][9] - NetEase has actively participated in developing safety guidelines for AI services aimed at minors, contributing to industry-wide safety management efforts [9]

网易发布2025年第二季度财报。财报显示，第二季度游戏及相关增值服务净收入为人民币228亿元，同 比增加13.7%。 ...

Group 1: Financing and Investment Trends - The number of investors participating in margin trading reached a year-high of 523,400 on August 13, 2025, marking a 9.67% increase from the previous trading day [1] - The total number of individual margin trading investors stands at 7.56 million, while institutional investors number 50,004 [1] - In Q2 2025, 84% of complaints against brokerages were related to brokerage services, with issues primarily concerning service fees and account management [1] Group 2: Fundraising and Market Performance - E Fund's Value Return Mixed Fund announced an early closure of its fundraising, with the scale potentially exceeding 2 billion yuan [2] - The Bluetooth headset market in China saw a shipment volume of approximately 59.98 million units in the first half of 2025, reflecting a year-on-year growth of 7.5% [2] Group 3: Display and Technology Sector - OLED display shipments are projected to increase by 86% in 2025, driven by strong demand from the gaming sector [3] - The investment in China's optoelectronic display industry reached 103.5 billion yuan in the first half of 2025, a year-on-year decline of 26.7% [4] Group 4: CPU Market Insights - Global client CPU shipments grew by 13% year-on-year in Q2 2025, marking the second consecutive quarter of growth [5] Group 5: Corporate Financial Performance - JD Group reported a revenue of 356.7 billion yuan for Q2 2025, a 22.4% increase year-on-year, while net profit decreased to 6.2 billion yuan [9] - Net income for NetEase in Q2 2025 was 27.9 billion yuan, reflecting a 9.4% year-on-year growth [10] - China Telecom's net profit for the first half of 2025 was 23.02 billion yuan, up 5.5% year-on-year [11] Group 6: Project Wins and Production Resumption - Jiadian Co. announced a successful bid for a nuclear power equipment project worth 609 million yuan [12] - Gansu Energy Chemical's subsidiary resumed production at the Jinhe Coal Mine after passing safety inspections [13] Group 7: Company Earnings Reports - Guoyao Yizhi reported a net profit of 666 million yuan for the first half of 2025, a decrease of 10.43% year-on-year [14] - Hanjia Design expects a net profit increase of 303.2% to 343.5% for the first half of 2025 [15] - Tongda Power reported a net profit of 42.64 million yuan, a 32.49% increase year-on-year [16] - Wangsu Technology's net profit for the first half of 2025 was 37.3 million yuan, up 25.33% year-on-year [17] - Alloy Investment reported a net profit of 4.58 million yuan, a 44.12% increase year-on-year [18] - Yifan Pharmaceutical's net profit for the first half of 2025 was 30.4 million yuan, reflecting a 19.91% increase year-on-year [19] Group 8: Market Overview - The Shanghai Composite Index fell by 0.46%, ending an eight-day winning streak, with over 4,600 stocks declining across the market [20]

8月14日，网易发布2025年第二季度财报。财报显示，网易Q2净收入279亿元，非公认会计准则下归属 于公司股东的净利润为95亿元；研发投入44亿元，研发投入强度达到15.6%。 多款游戏新品在北美市场取得突破 第二季度，网易游戏凭借深厚的研发实力和运营能力，多款新品突破北美市场。《界外狂潮》主机版本 发布后登上PlayStation的5月免费游戏下载榜北美地区第二；《全明星街球派对》《漫威秘法狂潮》海 外发行后，横扫多地区iOS下载榜榜首，双双跻身美国下载榜TOP2；《七日世界》推出2.0版本，登上 Steam全球畅销榜第四；《漫威争锋》推出第三赛季及夏日特辑活动，先后斩获Steam美国畅销榜第一和 Steam全球畅销榜第二。 财报显示，多款令人期待的新游戏将继续丰富全球产品布局，包括原创海洋冒险RPG《遗忘之海》，叙 事向动作冒险游戏《归唐》蓄势待发，以及正在筹备将《逆水寒》手游和《燕云十六声》推向全球市 场。 据了解，《逆水寒》手游全球预注册已于5月开放；《燕云十六声》在7月底完成了PC和PlayStation 5的 最新一轮海外测试；《遗忘之海》在6月底的首次测试中获得了市场积极反馈，预计将在2026 ...

Financial Performance - Net revenue for Q2 2025 reached RMB 27.9 billion (USD 3.9 billion), a year-on-year increase of 9.4% [1] - Gross profit was RMB 18.1 billion (USD 2.5 billion), reflecting a year-on-year growth of 12.5% [1] - Net profit attributable to shareholders was RMB 8.6 billion (USD 1.2 billion), up 27.26% year-on-year; basic earnings per share were USD 0.38 [1] - For the first half of 2025, net revenue totaled RMB 56.72 billion, a year-on-year increase of 8.37% [1] - Gross profit for the first half was approximately RMB 36.53 billion, growing 10.51% year-on-year [1] - Net profit attributable to shareholders for the first half was RMB 18.90 billion, a 31.33% increase year-on-year [1] Business Segments - Revenue from games and related value-added services was RMB 22.8 billion (USD 3.2 billion), a year-on-year increase of 13.7% [1] - Youdao's revenue was RMB 1.4 billion (USD 0.198 billion), reflecting a 7.2% year-on-year increase [1] - Net revenue from NetEase Cloud Music was RMB 2 billion, while revenue from innovation and other businesses was RMB 1.7 billion [1] Strategic Initiatives - The company launched various new content offerings to expand its player community, reinforcing its position as an innovator in the gaming industry [2] - The CEO emphasized the importance of innovative product design, systematic execution, and deep community interaction as core drivers of business progress [2] - The company aims to continuously explore new player experiences, develop self-owned IP products, and create enduring games while growing alongside global partners [2]

Financial Performance - Net revenue for Q2 2025 reached 27.9 billion yuan, representing a year-on-year growth of 9.4% [1] - Net profit attributable to shareholders under non-GAAP was 9.5 billion yuan, showing a year-on-year increase of 21.8% [1] Gaming Segment - The gaming sector remains the core business for the company, with net revenue from games and related value-added services amounting to 22.8 billion yuan in Q2 [1] - The game "Yan Yun Shi Liu Sheng" has seen sustained popularity, with over 40 million cumulative users by the end of July [1] - The classic IP "Dream of the Red Chamber" achieved a new high in simultaneous online users, while mobile game revenue also reached a new record [1] Other Business Segments - NetEase Youdao reported Q2 net revenue of 1.4 billion yuan, achieving sustainable profitability for the fourth consecutive quarter under its "AI-native" strategy [1] - NetEase Cloud Music's Q2 net revenue was 2 billion yuan, remaining stable year-on-year [1] - Net revenue from NetEase Yanxuan increased quarter-on-quarter, contributing 1.7 billion yuan in Q2 [1] North American Market Expansion - Several new games from NetEase have successfully penetrated the North American market, with "Out of Bounds" ranking second on the PlayStation May free download chart in North America [2] - "All-Star Streetball Party" and "Marvel's Secret War" topped the iOS download charts in multiple regions after their overseas releases, both entering the top 2 in the US download rankings [2] - "Seven Days World" 2.0 version reached fourth place on the Steam global bestseller list, while "Marvel Showdown" secured first and second places on the Steam US and global bestseller lists, respectively [2]

Core Insights - NetEase reported Q2 2025 net revenue of 27.9 billion yuan and a net profit of 9.5 billion yuan under non-GAAP standards, with R&D investment of 4.4 billion yuan, representing an R&D intensity of 15.6% [1] - The company continues to focus on a strategy of product quality and global expansion, enhancing its diverse product matrix to drive long-term growth [1] Financial Performance - Q2 net revenue reached 27.9 billion yuan, with a net profit of 9.5 billion yuan [1] - R&D investment was 4.4 billion yuan, with an R&D intensity of 15.6% [1][6] - NetEase Youdao achieved Q2 net revenue of 1.4 billion yuan, marking its fourth consecutive quarter of sustainable profitability [1] Gaming Sector - Net revenue from games and related services was 22.8 billion yuan, with classic IPs like "Dream of Dreams" achieving record online player numbers [1] - New game releases such as "Yanyun Sixteen Sounds" and "Seven Days World" performed strongly, with "Dream of Dreams" PC version reaching 2.93 million concurrent users [4][3] - The company’s games have seen significant success in North America, with multiple titles ranking high on download charts [3] Innovation and Technology - NetEase's R&D investment supports innovation across various sectors, including gaming, music, and education [6] - The launch of the "Lingjue" intelligent model for engineering machinery showcases the company's commitment to technological advancement [6] - NetEase Youdao's AI-driven features have improved user retention rates to over 75% [7] Social Responsibility - The company has initiated measures to protect minors online, including AI patrols and account restrictions for older users [8] - NetEase is actively participating in the development of safety guidelines for AI services aimed at minors [9]

Core Insights - Net revenue for NetEase-S (09999) in Q2 2025 reached RMB 27.9 billion (USD 3.9 billion), representing a year-on-year increase of 9.4% [1] - Gross profit was RMB 18.1 billion (USD 2.5 billion), up 12.5% year-on-year [1] - Net profit attributable to shareholders was RMB 8.6 billion (USD 1.2 billion), showing a growth of 27.26% year-on-year [1] - Basic earnings per share were USD 0.38, with a quarterly dividend of USD 0.1140 per share [1] Revenue Breakdown - Revenue from games and related value-added services was RMB 22.8 billion (USD 3.2 billion), a year-on-year increase of 13.7% [1] - Youdao's revenue was RMB 1.4 billion (USD 198 million), up 7.2% year-on-year [1] - NetEase Cloud Music generated revenue of RMB 2 billion, while innovative and other businesses contributed RMB 1.7 billion [1] Half-Year Performance - For the first half of 2025, net revenue totaled RMB 56.72 billion, reflecting an 8.37% year-on-year growth [1] - Gross profit for the same period was approximately RMB 36.53 billion, an increase of 10.51% year-on-year [1] - Net profit attributable to shareholders for the first half was RMB 18.90 billion, up 31.33% year-on-year [1] - Basic earnings per share for the first half were RMB 5.94 [1] Strategic Focus - The CEO of NetEase emphasized the company's commitment to innovation in product design and community engagement, which are seen as core capabilities developed over years [2] - The company aims to explore new player experiences and expand self-developed IP products while collaborating with global partners for growth [2] - Beyond gaming, the company is focused on optimizing products and content to provide long-term value to users, partners, and shareholders [2]

Email: ir@service.netease.com Tel: (+86) 571-8985-3378 Contact for Media and Investors: NetEase Announces Second Quarter 2025 Unaudited Financial Results Hangzhou, China, August 14, 2025 - NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Financial Highlights [1] As used in this announcement, non-GAAP net income attributable to ...

网易-S(09999)发布公告，将于2025年9月8日派发2025年6月30日止第二季度股息每股0.114美元。 ...