NetEase, Inc.'s board of directors has approved an annual dividend policy. Under this policy, the company intends to make annual cash dividend distributions commencing in 2013 in an amount between 20% and 25% of its anticipated annual net income after tax in the current fiscal year. The determination to make dividend distributions and the amount of such distributions in any particular year will be made at the discretion of the NetEase board of directors and will be based upon its operations and earnings, cash flow, financial condition, capital and other reserve requirements and surplus, any applicable contractual restrictions, the ability of the company’s PRC subsidiaries to make distributions to their offshore parent companies, and any other conditions or factors which the board deems relevant and having regard to the directors’ fiduciary duties.

NetEase, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total net revenues of RMB 2,152,589,000 compared to RMB 1,965,629,000 a year ago. Operating profit was RMB 1,090,451,000 compared to RMB 975,480,000 a year ago. Net income before tax was RMB 1,211,791,000 compared to RMB 1,094,791,000 a year ago. Net income attributable to company shareholders was RMB 1,063,489,000 or RMB 0.33 per basic and diluted share compared to RMB 941,680,000 or RMB 0.29 per basic and diluted share a year ago. Earnings per ADS, diluted share were RMB 8.19 compared to RMB 7.17 a year ago. Net cash provided by operating activities was RMB 1,547,892,000 compared to RMB 1,336,865,000 a year ago. Purchase of property, equipment and software was RMB 35,578,000 compared to RMB 23,280,000 a year ago. The company’s revenues for the first quarter reflect year-over-year growth across its three business segments, with total revenues increasing 12.7%, driven by its self-developed online games.

NetEase, Inc., Q1 2013 Earnings Call, May 15, 2013