Last $83.63 USD
Change Today -1.00 / -1.18%
Volume 374.0K
As of 8:10 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

netease inc-adr (NTES) Key Developments

NetEase, Inc. Declares First Quarter Dividend, Payable on June 6, 2014; Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2014

On May 13, 2014, NetEase, Inc. announced that its board of directors approved a new quarterly dividend policy commencing in 2014. Under the new policy, quarterly dividends will be set at an amount equivalent to approximately 25% of the company's anticipated net income after tax in each fiscal quarter. The board of directors has accordingly declared a dividend of USD 0.34 per ADS for the first quarter of 2014, which is expected to be paid on June 6, 2014 to shareholders of record as of the close of business on May 28, 2014. The company announced consolidated unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues were RMB 2,519.0 million, compared to RMB 2,585.1 million and RMB 2,258.0 million for the preceding quarter and the first quarter of 2013, respectively. Net profit totaled RMB 1.12 billion compared to RMB 1.1 billion for the preceding quarter and for the first quarter of 2013, respectively. Operating profit was RMB 1,144,087,000 against RMB 1,090,451,000 a year ago. Net income before tax was RMB 1,305,616,000 against RMB 1,211,791,000 a year ago. Earnings per diluted share were RMB 0.34 against RMB 0.33 a year ago. Net cash provided by operating activities was RMB 1,650,409,000 against RMB 1,547,892,000 a year ago. Purchase of property, equipment and software was RMB 31,169,000 against RMB 35,578,000 a year ago. Purchase of other intangible assets was RMB 9,148,000. Net profit totaled RMB 1.1 billion or USD 180.8 million compared to RMB 1.2 billion and RMB 1.1 billion for the preceding quarter and for the first quarter of 2013, respectively. Basic and diluted earnings per ADS were USD 1.53 and USD 1.52, respectively, for the preceding quarter, and basic and diluted earnings per ADS of USD 1.32 each for the first quarter of 2013.

NetEase, Inc. to Report Q1, 2014 Results on May 14, 2014

NetEase, Inc. announced that they will report Q1, 2014 results at 5:00 PM, China Standard Time on May 14, 2014

NetEase, Inc., Q1 2014 Earnings Call, May 14, 2014

NetEase, Inc., Q1 2014 Earnings Call, May 14, 2014

NetEase, Inc. Presents at 5th Annual dbAccess Asia Conference 2014, May-19-2014

NetEase, Inc. Presents at 5th Annual dbAccess Asia Conference 2014, May-19-2014 . Venue: Marina Bay Sands Resort & Casino, Singapore, Singapore.

NetEase, Inc. Declares Annual Cash Dividend for Fiscal Year 2013, Payable on March 7, 2014; Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

NetEase, Inc. announced that its board of directors has declared an annual cash dividend with respect to fiscal year 2013 in the amount of $0.0564 per ordinary share, which is equivalent to $1.41 per ADS (each ADS represents 25 ordinary shares), on its outstanding shares, which will be payable to shareholders of record as of February 26, 2014 and is expected to be paid on March 7, 2014. The total cash payment associated with this dividend will be approximately $183.3 million. The company announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported total revenues for the of RMB 2,585.1 million (USD 427.0 million) compared to RMB 2,514.3 million and RMB 2,326.7 million for the preceding quarter and the fourth quarter of 2012, respectively. Net profit totaled RMB 1.2 billion (USD 204.3 million) compared to RMB 1.0 billion for the preceding quarter and for the fourth quarter of 2012. Operating profit was RMB 1,078,928,000 against RMB 1,027,893,000 a year ago. Net income before tax was RMB 1,295,673,000 against RMB 1,197,303,000 a year ago. Diluted earnings per share were RMB 0.38 against RMB 0.31 a year ago. Net cash provided by operating activities was RMB 1,622,793,000 against RMB 1,336,420,000 a year ago. Purchase of property, equipment and software was RMB 109,038,000 against RMB 41,029,000 a year ago. For the year, the company reported total revenues of RMB 9.8 billion (USD 1.6 billion), compared to RMB 8.4 billion for the preceding fiscal year. Net profit totaled RMB 4.4 billion (USD 734.1 million) compared to RMB 3.6 billion for the preceding fiscal year. Operating profit was RMB 4,352,597,000 against RMB 3,711,644,000 a year ago. Net income before tax was RMB 4,975,821,000 against RMB 4,278,212,000 a year ago. Net profit was RMB 4,443,910,000 against RMB 3,637,452,000 a year ago. Diluted earnings per share were RMB 1.36 against RMB 1.11 a year ago. Net cash provided by operating activities was RMB 5,235,890,000 against RMB 4,224,290,000 a year ago. Purchase of property, equipment and software was RMB 218,936,000 against RMB 178,654,000 a year ago.

 

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Price/Earnings 15.1x
Price/Sales 7.2x
Price/Book 3.3x
Price/Cash Flow 15.0x
TEV/Sales 4.9x
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