NetEase, Inc.（NTES）股價、財務與研究

盤中時間採用ET。市場資料可能有所延遲。

GoAI 研究快照

簡明呈現最新可用的模型資訊。

2026年7月10日

66/ 100

GoAI評分

Buy

Favorable setup — positive multi-factor alignment

估值

87

Deep Value

動能

54

Neutral

情緒

65

Bullish

風險韌性

64

Moderate Risk

完整 GoAI 研究

繼續查看更深入的依據、催化因素和風險。

看完整研究

人工智慧產生的上下文僅供參考，並非投資建議。

公司概況

公司網站

NetEase, Inc., a prominent technology firm founded in 1997 and headquartered in Hangzhou, People's Republic of China, delivers a broad spectrum of online services both within China and across international markets. Its core operations encompass online gaming, music streaming, intelligent online learning solutions, and diverse internet content services. The company organizes its activities into several key divisions: Games and Related Value-Added Services; Youdao, focusing on educational technology; Cloud Music for its audio streaming offerings; and a segment for Innovative Businesses and Others. Within its gaming division, NetEase is responsible for creating and managing both PC and mobile games, and it also publishes titles licensed from external game developers. The Youdao segment provides a comprehensive suite of online learning and translation tools, including Youdao Dictionary, Youdao Translation, U-Dictionary, and Youdao Kids' Dictionary. It also manufactures smart devices like the Youdao Dictionary Pen, Smart Learning Pad, and Listening Pod. Furthermore, Youdao offers online courses, interactive educational applications, and advanced digitalization solutions for education, such as the Youdao Smart Learning Terminal for automated homework processing, Youdao Smart Cloud (a platform offering OCR capabilities to third parties), and Youdao Sports, a sports-focused educational system. Beyond these, NetEase manages an array of other popular internet services. These include NetEase Cloud Music, a significant music streaming platform; Yanxuan, an e-commerce platform specializing in private label products; the www.163.com portal and its companion mobile app, Wangyi Xinwen, which deliver news, sports, technology, fashion, and entertainment content; NetEase Mail, an email service; NetEase CC Live, a live streaming platform primarily dedicated to game broadcasting; and NetEase Pay, a secure payment system. The company, originally known as NetEase.com, Inc., officially adopted its current name, NetEase, Inc., in March 2012.

產業: Electronic Gaming & Multimedia
部門: Technology
總部: CN
執行長: Lei Ding
上市以來: 2000年6月30日
僱員: 25,382

市場位置

日內區間

目前US$128.17，

US$127.13US$129.33

52週區間

目前US$128.17，

US$106.06US$159.55

開盤價: US$129
前收盤價: US$119.81
成交量: 130.26萬; 1.36× 平均值
平均成交量: 96.05萬; 日均成交量
市值: 818.26億 USD
貝塔: 0.8; 市場參考 1
50天平均值: US$126.84; 高於平均水平+1.05%
200天平均值: US$125.85; 高於平均水平+1.85%

財務數據

財務快照

估值與收益率

企業價值: 5691.77億 CNY
EV/EBITDA: 13.22×
盈餘收益率: 5.50%
自由現金流收益率: 7.87%

獲利能力和效率

股東權益報酬率: 21.05%
資產報酬率: 15.24%
投入資本報酬率: 17.40%

財務健康

流動比率: 3.45×
奧特曼 Z 分數: 8.22
皮奧特羅斯基 F 分數: 6 共 9 個

財務報表

利潤率趨勢

獲利能力占已公布營收的百分比。

毛利率營業利益率淨利潤率

損益趨勢

營收

1126.26億 CNY+6.96%

營業利益

358.35億 CNY+21.13%

淨利

337.6億 CNY+13.68%

項目（CNY）	2025會計年度	2024會計年度	2023會計年度	2022會計年度	2021會計年度
營收	1126.26億 CNY	1052.95億 CNY	1034.68億 CNY	964.96億 CNY	876.06億 CNY
銷貨成本	402.24億 CNY	394.88億 CNY	404.05億 CNY	437.3億 CNY	406.35億 CNY
毛利	724.02億 CNY	658.07億 CNY	630.63億 CNY	527.66億 CNY	469.71億 CNY
研究與開發	177.19億 CNY	175.25億 CNY	164.85億 CNY	150.39億 CNY	140.76億 CNY
銷售、一般及管理費用	188.48億 CNY	186.98億 CNY	188.69億 CNY	180.99億 CNY	164.78億 CNY
營業費用	365.67億 CNY	362.23億 CNY	353.54億 CNY	331.38億 CNY	305.54億 CNY
利息收入	46.2億 CNY	49.21億 CNY	41.2億 CNY	21.5億 CNY	15.2億 CNY
折舊和攤銷	22.37億 CNY	24.18億 CNY	30.55億 CNY	28.58億 CNY	32.76億 CNY
營業利益	358.35億 CNY	295.84億 CNY	277.09億 CNY	196.29億 CNY	164.17億 CNY
淨利	337.6億 CNY	296.98億 CNY	294.17億 CNY	203.38億 CNY	168.57億 CNY