On February 26, as of press time, NetEase reported US$108.66 per share in the US stock market, down 7.52%. Ding Lei's personal wealth value evaporated 2.57 billion US dollars in one day.
Image source: Visual China
According to NetEase’s 2020 fourth quarter and full year financial report released on February 25, the financial report shows that NetEase’s revenue for the fourth quarter of 2020 is 19.76 billion yuan, a year-on-year increase of 25.6%; 2020 revenue is 73.67 billion yuan, compared with the previous The annual growth rate is 24.4%. Under non-GAAP, NetEase's net profit in the fourth quarter of 2020 was 1.6 billion yuan, a year-on-year decrease of 56.4%; the net profit in 2020 was 14.71 billion yuan, a decrease of 6.1% from the previous year.
NetEase stated in its financial report: “Net profit calculates the exchange loss of the US dollar against the RMB and the investment loss. The decline in net profit is not caused by the company’s business operations. ”
From a business perspective, NetEase's revenue comes from online games, Youdao, innovation and other businesses. In the fourth quarter of 2020, NetEase's online game service revenue was 13.4 billion yuan, a year-on-year increase of 15.5%. For a long time, online games have accounted for the bulk of NetEase’s revenue. Recently launched games include the mobile game "Tianyu" and "The Painted Traveler in Time and Space". In the future, NetEase will also launch "Forget Chuan Fenghua" and "Endless Rager" "Langri" and other new game products.