Netease equity exposure: Ding Lei holds 45% of the shares and is worth as much as 25.5 billion US dollars

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Leidi.com Lei Jianping May 4th

NetEase submitted a 20-F document to the US SEC a few days ago. The document shows that as of March 31, 2023, NetEase CEO Ding Lei holds 45% of the shares.

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As of March 31, 2023, NetEase's shareholding structure

As of today's close, NetEase's stock price was $87.99, with a market value of $56.749 billion. Based on this calculation, Ding Lei is worth as much as 25.5 billion US dollars.

The director of NetEase is NetEase CEO Ding Lei, and the independent directors are Zheng Yufen, Tang Hui, Tang Ziqi and Liang Minjie.

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The annual report shows that NetEase’s revenue in 2020, 2021, and 2022 will be 73.667 billion yuan, 87.606 billion yuan, and 96.496 billion yuan (about 13.99 billion U.S. dollars) respectively.

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NetEase’s 2022 net income from games and related value-added services will be 74.567 billion yuan (US$10.8 billion), Youdao’s net income will be 5.01 billion yuan; cloud music’s net income will be 8.992 billion yuan; innovation and other business net income will be 7.924 billion yuan.

Netease's operating profits in 2020, 2021, and 2022 are 14.538 billion yuan, 16.417 billion yuan, and 19.629 billion yuan (approximately US$2.846 billion); net profits are 12.33 billion yuan, 16.976 billion yuan, and 19.843 billion yuan (approximately 2.877 billion US dollars). ).

Among them, NetEase's revenue in the fourth quarter of 2022 will be 25.4 billion yuan (3.7 billion US dollars), a year-on-year increase of 4%. NetEase’s net profit in the fourth quarter of 2022 was 3.8 billion yuan, a 43% decrease from the 6.699 billion yuan in the previous quarter, and a 33% decrease from the 5.662 billion yuan in the same period last year.

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As of December 31, 2022, NetEase's cash and cash equivalents, current and non-current time deposits, restricted cash and short-term investment balances (net of short-term and long-term loans) totaled 95.6 billion yuan (approximately US$13.9 billion).

On January 24, 2023, NetEase and Blizzard Entertainment officially terminated their cooperation and stopped most Blizzard game services in mainland China, including "World of Warcraft", "Hearthstone", "Overwatch", "StarCraft", "Warcraft III" : Remastered, Diablo III and Heroes of the Storm.

This may adversely affect NetEase's performance in the first quarter of 2023.

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Origin blog.csdn.net/leijianping_ce/article/details/130498304