Core Viewpoint - NetEase Cloud Music (09899) has seen a stock price increase of over 4%, currently at 290 HKD, with a trading volume of 304 million HKD, reflecting strong financial performance in the first half of the year [1] Financial Performance - The company reported a revenue of 3.827 billion RMB for the first half of the year [1] - Profit attributable to equity holders reached 1.885 billion RMB, marking a year-on-year increase of 132.83% [1] - Adjusted net profit was 1.946 billion RMB, up 120.99% year-on-year [1] - Gross margin for the first half reached 36.4%, the highest for the company in the same period historically [1] Online Music Business - Revenue from the online music segment was 2.967 billion RMB, representing a year-on-year growth of 15.9% [1] - Subscription revenue amounted to 2.47 billion RMB, with a year-on-year increase of 15.2% [1] Market Outlook - Dongwu Securities believes that the company's focus on its core music business and continuous product experience optimization is likely to drive user growth [1] - The company is positioned well against domestic and international music streaming platforms, indicating significant commercial potential due to lower payment barriers [1]
网易云音乐涨超4% 公司在线订阅收入稳增 机构称其商业化空间广阔