Core Viewpoint - NetEase Cloud Music (09899) experienced a stock price increase of over 5%, reaching HKD 284 with a trading volume of HKD 174 million following the release of its interim results for the six months ending June 30, 2025 [1] Financial Performance - The company reported revenue of RMB 3.827 billion for the interim period [1] - Profit attributable to equity holders reached RMB 1.885 billion, marking a year-on-year increase of 132.83% [1] - Basic earnings per share were RMB 8.96, with adjusted net profit at RMB 1.946 billion, reflecting a year-on-year increase of 120.99% [1] - The gross margin for the first half of the year was 36.4%, the highest for the company during the same period historically [1] Business Segments - Online music service revenue amounted to RMB 2.97 billion, showing a year-on-year growth of 15.9% [1] - Monthly active users continued to grow steadily, with the daily active users to monthly active users ratio remaining above 30% [1] - Revenue from subscription services increased from RMB 2.14 billion in the first half of 2024 to RMB 2.47 billion in the current half, representing a growth of 15.2% [1]
网易云音乐涨超5% 上半年经调整净利同比增1.2倍 毛利率水平创新高