Zhi Tong Cai Jing·2026-02-11 10:37Core Insights - Net revenue for NetEase-S (09999) in Q4 2025 was RMB 27.547 billion, representing a year-on-year increase of 3.0% [1] - Gross profit reached approximately RMB 17.7 billion, up 8.7% year-on-year [1] - Net profit attributable to shareholders was RMB 6.242 billion, with a quarterly dividend of USD 0.232 per share [1] Financial Performance - For Q4 2025, net revenue from games and related value-added services was RMB 22 billion, a year-on-year increase of 3.4% [1] - Youdao's net revenue was RMB 1.6 billion, reflecting a year-on-year growth of 16.8% [1] - Net revenue from NetEase Cloud Music was RMB 2 billion, with a year-on-year increase of 4.7% [1] Annual Overview - Total net revenue for 2025 was approximately RMB 112.626 billion, a year-on-year growth of 6.96% [1] - Gross profit for the year was around RMB 72.402 billion, increasing by 10.02% year-on-year [1] - Net profit attributable to shareholders for 2025 was approximately RMB 33.76 billion, with a year-on-year growth of 13.68% [1] - Basic earnings per share stood at RMB 10.59 [1] Strategic Focus - The CEO of NetEase highlighted the company's strong long-term operational capabilities in gaming and its increasing influence in the global market [1] - AI has become a core capability in research and operations, significantly enhancing production efficiency and unlocking new interactive experiences for players [1] - The company aims to continue focusing on high-quality product development, building an innovative talent ecosystem, and deepening global partnerships to enhance AI application capabilities [1]