网易云音乐（09899）：2H25业绩大致符合预期，坚定执行的核心音乐策略

aily Spotlight 24 Febuary 2026 Michael MENG (852) 3988 6433 michael.meng@bocigroup.com Index Performance | | Last close | % 1D | % YTD | | --- | --- | --- | --- | | HSI | 27,082 | 2.5 | 5.7 | | HSCEI | 9,197 | 2.7 | 3.2 | | HSCCI | 4,467 | 1.9 | 11.2 | | MSCI HK | 15,066 | (0.2) | 10.1 | | MSCI CHINA | 85 | 2.3 | 2.1 | | FTSE CHINA A50 | 14,745 | (1.3) | (3.7) | | CSI 300 | 4,660 | (1.3) | 0.7 | | TWSE | 33,773 | 0.5 | 16.6 | | SENSEX | 82,815 | 0.4 | (2.8) | | NIKKEI 225 | 56,826 | (1.1) | 12.9 | | KOSPI | ...