智通财经APP获悉，周三，热门中概股多数上涨，截至发稿，新东方(EDU.US)涨超4%，理想汽车 (LI.US)、贝壳(BEKE.US)涨超3%，哔哩哔哩(BILI.US)涨超2%，阿里巴巴(BABA.US)、网易(NTES.US) 涨超1.5%。 ...

Core Viewpoint - The company, NetEase-S (09999.HK), will hold a board meeting on February 10, 2026, to approve its unaudited financial results for the three months and fiscal year ending December 31, 2025, along with proposals for the distribution of the fourth-quarter dividend [1] Group 1 - The board meeting is scheduled for February 10, 2026, at 2:00 PM Beijing/Hong Kong time [1] - The company will announce its financial results on February 11, 2026, around 6:00 PM Beijing/Hong Kong time [1] - The announcement will be made available on the Hong Kong Stock Exchange website [1]

董事會會議召開日期及 2025年第四季度及財政年度業績公告發佈日期 網易股份有限公司（「公司」）的董事會將於2026年2月10日（星期二）（北京╱香港 時間）舉行董事會會議，並將於會上批准公司截至2025年12月31日止三個月及財 政年度的未經審核業績及公告，以及派發第四季度股息等議案（「業績」）。公司 將於2026年2月11日（星期三）晚上6點左右（北京 ╱ 香港時間）於香港聯交所網 站www.hkexnews.hk公佈該業績。 香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 NetEase, Inc. （於開曼群島註冊成立的有限責任公司） （股份代號：9999） 承董事會命 NetEase, Inc. 丁磊 董事 中國杭州，2026年1月28日 於本公告日期，本公司董事會包括董事丁磊先生；以及獨立董事唐徽女士、鄭玉 芬女士、唐子期先生、梁民傑先生及陳覺忠先生。 該業績相關的電話會及同步網路直播將於2026年2月11日（星期三）晚上 ...

Core Viewpoint - NetEase Cloud Music Inc. will report its financial results for the fiscal year 2025 on February 11, 2026, after the Hong Kong market closes [1] Group 1: Financial Reporting - The earnings conference call is scheduled for 7:00 p.m. Beijing/Hong Kong Time on February 11, 2026 [2] - Participants must register online to receive dial-in numbers, an event passcode, and a personal access PIN for the conference call [2] Group 2: Replay and Webcast Information - A replay of the earnings call will be available by phone until February 18, 2026, with specific numbers for different regions [3] - A live and archived webcast of the conference call will be accessible on the Company's investor relations website for 12 months following the call [3] Group 3: Company Overview - NetEase Cloud Music Inc. was launched in 2013 and is recognized as a leading online music platform in China, focusing on user experience and community engagement [4] - The platform is popular among Generation Z in China, emphasizing the discovery and promotion of emerging musicians [4]

Group 1 - NetEase, Inc. will report its financial results for the fourth quarter and fiscal year 2025 on February 11, 2026, before the U.S. market opens [1] - The earnings teleconference call will occur at 7:00 a.m. Eastern Time on February 11, 2026, with management discussing the quarterly results and answering questions [2] - Interested parties can participate in the conference call by dialing 1-914-202-3258 and providing the conference ID: 10052758 [3] Group 2 - NetEase is a leading internet and game services provider, known for its premium content and extensive gaming ecosystem [4] - The company has one of the largest in-house game R&D teams, focusing on mobile, PC, and console gaming to create superior gaming experiences [5] - Beyond gaming, NetEase offers services through subsidiaries like Youdao, an intelligent learning and advertising solutions provider, and NetEase Cloud Music, an online music platform [6]

Core Insights - The issuance of game licenses in January 2026 remains high, with a total of 182 licenses approved, marking a 33.82% increase compared to January 2025 [2] - The supply side continues to release, indicating a stable trend towards normalization of license issuance, and the industry's recovery is ongoing [1] Industry Events - On January 26, 2026, the National Press and Publication Administration announced the approval of 177 domestic games and 5 imported games for January [1] - The domestic game licenses approved in January 2026 are the second highest since November 2025, with notable titles including "Douluo Dalu: Qicheng" by 37 Interactive Entertainment and "Rainbow Six: Siege" by Tencent [2] Market Focus - "Rainbow Six: Siege" is highlighted for its tactical shooting gameplay, which differentiates it in the competitive FPS market, supported by Tencent's ecosystem for community and esports development [3] - The FPS market in China is described as highly competitive, with Tencent and NetEase both having established strong product offerings in this segment [3]

Core Viewpoint - Nomura's report indicates that NetEase's total revenue for the last quarter is expected to grow by 4% year-on-year to 27.7 billion yuan, which is 4% lower than the latest market forecast [1] Revenue Summary - Online gaming revenue is projected to be 21.7 billion yuan, reflecting a year-on-year increase of 5.8% but a quarter-on-quarter decline of 5% [1] Profitability Metrics - The deferred revenue is expected to remain resilient; gross margin is anticipated to increase by 3.3 percentage points year-on-year to 64.2% [1] - The gross margin for the online gaming business may continue to expand, with a year-on-year growth of 3 percentage points to 69.6% [1] - GAAP operating margin is expected to rise by 0.2 percentage points to 29.4% [1] - Non-GAAP net profit is projected to decline by 16% to 8.1 billion yuan [1] Investment Rating - Nomura maintains a "Buy" rating for NetEase's U.S. stock and continues to set a target price of $160 [1]

Military and Geopolitical Developments - The US Central Command announced that the Ninth Air Force will conduct air force readiness exercises in the Middle East, aimed at enhancing rapid deployment capabilities [2] - The USS Abraham Lincoln Carrier Strike Group has entered the Middle East, and the US has informed Israel about military preparations against Iran, expected to be completed within two weeks [2] - Iran's Revolutionary Guard Navy officials stated they have achieved real-time monitoring of the Strait of Hormuz and are prepared for any potential conflict, asserting they do not seek war but are ready for a response [2] Financial Markets Overview - US stock markets showed mixed results, with the Dow Jones down 0.83%, while the Nasdaq rose by 0.91% and the S&P 500 increased by 0.41% [3] - Major tech stocks mostly rose, with Amazon up 2.63%, Microsoft up 2.19%, and Apple up 1.12%, while Tesla fell nearly 1% [3] - The Nasdaq Golden Dragon China Index increased by 0.48%, with mixed performances among popular Chinese stocks [3] Commodity Prices - International oil prices rose, with WTI crude oil futures closing at $62.57 per barrel, up 3.20%, and Brent crude oil futures at $66.70 per barrel, up 2.98% [3] - Spot gold increased by 3.45%, reaching $5,181.04 per ounce, with a peak at $5,190.06, marking a historical high [3] - Spot silver rose by 7.97%, priced at $112.14 per ounce [3] Currency and Exchange Rates - The US Dollar Index fell to 95.775, hitting a low of 95.510, the lowest since early 2022 [4] - The offshore RMB was quoted at 6.9321, while the onshore RMB was at 6.9545 [5] Corporate Announcements - Anta Sports announced plans to acquire a 29.06% stake in Puma for €15.06 billion (approximately 123 billion RMB), aiming to become its largest shareholder [15] - Micron Technology plans to invest $24 billion in Singapore over the next decade to expand NAND flash memory production, creating approximately 1,600 jobs [16] - DeepSeek launched a new AI model, DeepSeek-OCR 2, which can interpret images in a human-like logical sequence, enhancing its visual understanding capabilities [13]

Market Overview - The Nasdaq China Golden Dragon Index (HXC) increased by 0.48% on January 28 [1] - The Dow Jones Industrial Average fell by 408.99 points, a decrease of 0.83%, closing at 49,003.41 points [9] - The S&P 500 Index reached a new intraday high of 6,988.82 points [10] - The Nasdaq Composite Index rose by 215.74 points, an increase of 0.91%, closing at 23,817.10 points [9] Gainers in Chinese Concept Stocks - TSMC rose by 1.67%, Alibaba increased by 0.78%, and Baidu gained 1.00% [1] - Notable gainers included: - Lianhua Electronics up 10.24% - Bilibili up 3.43% - NIO up 0.76% [1][9] Losers in Chinese Concept Stocks - Notable decliners included: - NetEase down 0.68% - JD.com down 0.94% - Ctrip down 2.39% [9] - Other significant losses were seen in: - Li Auto down 1.12% - Xpeng down 1.09% [9] Notable Stock Movements - The top gainers included: - Huya up 19.33% - Suxuan Hall up 23.97% - Wisdom Infinite up 31.25% [3][13] - The top decliners included: - Fanhua Financial down 11.42% - China Natural Resources down 9.38% [7][15]

Core Insights - The National Press and Publication Administration announced the approval of 182 game licenses in January 2026, including 177 domestic and 5 imported games, maintaining a relatively high issuance level [1] - In 2025, a total of 1,771 game licenses were issued, significantly surpassing the 1,416 licenses in 2024, marking the highest issuance since 2019 [1] - Major companies such as Tencent, NetEase, and others received approvals for key products, including Tencent's "Rainbow Six: Siege" and NetEase's "Yao Yao Chess" [1] Group 1 - The January 2026 approvals included significant titles from major gaming companies, indicating a robust market for both domestic and imported games [1] - Tencent's "Rainbow Six: Siege" is a tactical shooter developed by Ubisoft and is part of Tencent's strategy to enhance its gaming portfolio through partnerships [2][4] - The approval of "Angry Birds: Classic Return" and "Angry Birds: Dream Blast" by Kingsoft's subsidiary marks a strategic partnership aimed at reintroducing the franchise to the Chinese market [4] Group 2 - Tencent's investment of €1.16 billion in Ubisoft's subsidiary Vantage Studios grants it a 26.32% stake, integrating key IPs like "Assassin's Creed" and "Rainbow Six," which helps alleviate Ubisoft's financial pressure [4] - The "Rainbow Six: Siege" team is focused on creating a fair competitive environment and enhancing local services for the Chinese market, indicating a commitment to localization and community engagement [4] - Kingsoft's strategic partnership with Rovio aims to facilitate the exclusive distribution and operation of the "Angry Birds" series in China, highlighting the importance of collaboration in the gaming industry [4]