Contact For Media And Investors Zonebourse Com-Books Pdf

Contact for Media and Investors zonebourse com
08 Jan 2020 | 32 views | 0 downloads | 17 Pages | 2.41 MB

Share Pdf : Contact For Media And Investors Zonebourse Com

Download and Preview : Contact For Media And Investors Zonebourse Com


Report CopyRight/DMCA Form For : Contact For Media And Investors Zonebourse Com



Transcription

Our PC client games performed steadily in the fourth quarter with a strong showing from our flagship game. Fantasy Westward Journey Online We released several new expansion packs during the fourth quarter to. satisfy our PC client game players including Kung Fu Master II Demon Seals Tianxia III Heroes of Tang. Dynasty Zero and New Ghost New expansion packs for Fantasy Westward Journey Online and Revelation. were also recently released and we expect to introduce a new expansion pack for New Westward Journey. Online II in the coming months, Blizzard Entertainment s Overwatch World of Warcraft with its latest expansion pack Legion and. Hearthstone with its latest expansion pack Mean Streets of Gadgetzan also remained popular among loyal. players in China eager for new content as well as brought in new players Overwatch also established a new. sales record in the category of buy to play PC client games in mainland China with more than 5 million. copies sold by the end of December since its late May release Furthermore we are currently working to bring. to Chinese players both PC and mobile versions of the highly anticipated globally acclaimed game. As data consumption mediums evolve the internet especially the mobile internet is becoming the primary. advertising platform in China This trend supports the steady growth of our advertising services business. Driven primarily by our Mobile News App as well as high profile events such as the 2016 NetEase Annual. Economist Summit and the 2016 NetEase Annual Attitude Award Ceremony our top performing advertising. verticals in the fourth quarter were automobile internet services and financial services Additionally our e. commerce business continues to thrive with both Kaola com and Yanxuan maintaining healthy growth in the. fourth quarter, Our focus on innovation and quality has served us well enabling NetEase to create significant value for each. of our major constituencies our players our partners and our shareholders In 2016 we brought best in class. products and services to our community and continued to grow our business As we move through 2017 we. will look toward the future designing products and services that address fluid market dynamics enabling. continued growth and value creation Mr Ding concluded. Fourth Quarter 2016 Financial Results,Net Revenues. Net revenues for the fourth quarter of 2016 were RMB12 099 0 million US 1 742 6 million compared to. RMB9 211 6 million and RMB7 903 0 million for the preceding quarter and the fourth quarter of 2015. respectively, Net revenues from online games were RMB8 959 1 million US 1 290 4 million for the fourth quarter of. 2016 compared to RMB6 568 0 million and RMB5 502 9 million for the preceding quarter and the fourth. quarter of 2015 respectively, Net revenues from advertising services were RMB664 8 million US 95 8 million for the fourth quarter of.
2016 compared to RMB563 3 million and RMB609 0 million for the preceding quarter and the fourth quarter. of 2015 respectively, Net revenues from e mail e commerce and others were RMB2 475 1 million US 356 5 million for the. fourth quarter of 2016 compared to RMB2 080 4 million and RMB1 791 1 million for the preceding quarter. and the fourth quarter of 2015 respectively,Gross Profit. Gross profit for the fourth quarter of 2016 was RMB6 463 3 million US 930 9 million compared to. RMB5 333 6 million and RMB4 219 7 million for the preceding quarter and the fourth quarter of 2015. respectively, The year over year increase in online games gross profit was primarily driven by increased revenue. contribution from mobile games such as Onmyoji and the mobile version of New Ghost as well as Blizzard. Entertainment s Overwatch and World of Warcraft The quarter over quarter increase in online game gross. profit was primarily driven by increased revenue contribution from mobile games such as Onmyoji and the. mobile version of New Ghost, The year over year and quarter over quarter increases in advertising services gross profit were primarily. attributable to NetEase s monetization efforts for its mobile applications primarily its Mobile News App The. top performing advertising verticals in the fourth quarter were automobile internet services and financial. The year over year increase in e mail e commerce and others gross profit was primarily due to increased. revenue contribution from NetEase s e commerce business such as Kaola com The quarter over quarter. decrease in e mail e commerce and others gross profit was primarily due to decreased revenue contribution. from certain NetEase e commerce businesses with relatively higher gross profit margins. Gross Profit Margin, Gross profit margin for the online games business for the fourth quarter of 2016 was 60 7 compared to.
65 0 and 67 2 for the preceding quarter and the fourth quarter of 2015 respectively The year over year. decrease in gross profit margin was mainly due to increased revenue contribution from mobile games and. licensed games which have relatively lower gross profit margins as a percentage of NetEase s total online. games revenues The quarter over quarter decrease in gross profit margin was mainly due to the one off. recognition of certain royalty expenses related to licensed games in the fourth quarter of 2016 as well as. increased revenue contribution from mobile games, Gross profit margin for the advertising services business for the fourth quarter of 2016 was 66 5 compared. to 65 3 and 68 1 for the preceding quarter and the fourth quarter of 2015 respectively The year over year. decrease in gross profit margin was mainly due to higher staff related costs. Gross profit margin for the e mail e commerce and others business for the fourth quarter of 2016 was 23 4. compared to 33 5 and 6 0 for the preceding quarter and the fourth quarter of 2015 respectively The year. over year and quarter over quarter changes in gross profit margin were primarily attributable to changes in. NetEase s e commerce business mix,Operating Expenses. Total operating expenses for the fourth quarter of 2016 were RMB2 596 6 million US 374 0 million. compared to RMB2 487 0 million and RMB1 801 7 million for the preceding quarter and the fourth quarter of. 2015 respectively The year over year increase in operating expenses was mainly due to higher staff related. costs resulting from an increase in headcount average compensation research and development investments. and selling and marketing expenses The quarter over quarter increase in operating expenses was mainly due. to higher staff related costs and research and development investments which was partially offset by. decreased selling and marketing expenses,Income Taxes. The Company recorded a net income tax charge of RMB882 0 million US 127 0 million for the fourth. quarter of 2016 compared to RMB427 2 million and RMB513 8 million for the preceding quarter and the. fourth quarter of 2015 respectively The effective tax rate for the fourth quarter of 2016 was 19 2 compared. to 13 3 and 19 2 for the preceding quarter and the fourth quarter of 2015 respectively The quarter over. quarter change in the effective tax rate was mainly due to the fact that certain subsidiaries of the Company. were approved as Key Software Enterprises in 2016 and subject to a preferential tax rate of 10 for 2015 The. Company recognized certain related tax credits in the third quarter of 2016. Net Income After Tax, Net income attributable to the Company s shareholders for the fourth quarter of 2016 totaled RMB3 7 billion. US 530 5 million compared to RMB2 7 billion and RMB2 2 billion for the preceding quarter and the fourth. quarter of 2015 respectively Non GAAP net income attributable to the Company s shareholders 1 for the. fourth quarter of 2016 totaled RMB4 0 billion US 569 9 million compared to RMB3 0 billion and RMB2 4. billion for the preceding quarter and the fourth quarter of 2015 respectively. During the fourth quarter of 2016 the Company had a net foreign exchange gain of RMB90 5 million. US 13 0 million compared to net foreign exchange gains of RMB14 8 million and RMB66 3 million for the. preceding quarter and the fourth quarter of 2015 respectively The net foreign exchange gains were mainly. due to unrealized exchange gains and losses arising from the Company s U S dollar denominated bank. deposits and short term loan balances as the exchange rate of the U S dollar against the RMB fluctuated over. the periods, NetEase reported basic and diluted earnings per ADS of US 4 04 and US 4 01 respectively for the fourth.
quarter of 2016 The Company reported basic and diluted earnings per ADS of US 3 01 and US 2 99. respectively for the preceding quarter and basic and diluted earnings per ADS of US 2 37 and US 2 35. respectively for the fourth quarter of 2015 Non GAAP 1 basic and diluted earnings per ADS were US 4 34. and US 4 30 respectively for the fourth quarter of 2016 compared to non GAAP basic and diluted earnings. per ADS of US 3 31 and US 3 29 respectively for the preceding quarter and non GAAP basic and diluted. earnings per ADS of US 2 58 and US 2 56 respectively for the fourth quarter of 2015. As used in this press release non GAAP net income attributable to the Company s shareholders is defined to exclude. share based compensation expenses and impairment on long term investment of available for sale securities See. Unaudited Reconciliation of GAAP and Non GAAP Results at the end of this press release. Fiscal Year 2016 Financial Results,Net Revenues, Total net revenues for fiscal year 2016 were RMB38 2 billion US 5 5 billion compared to RMB22 8 billion. for the preceding fiscal year Net revenues from online games were RMB28 0 billion US 4 0 billion for. fiscal year 2016 compared to RMB17 3 billion for the preceding fiscal year Net revenues from advertising. services were RMB2 2 billion US 310 0 million for fiscal year 2016 compared to RMB1 8 billion for the. preceding fiscal year Net revenues from e mail e commerce and others were RMB8 0 billion US 1 2 billion. for fiscal year 2016 compared to RMB3 7 billion for the preceding fiscal year. Gross Profit, Gross profit for fiscal year 2016 was RMB21 7 billion US 3 1 billion compared to RMB13 4 billion for the. preceding fiscal year, The increase in online game services gross profit in 2016 was primarily attributable to increased revenue. contribution from the Company s self developed mobile games such as the Westward Journey Online and. Fantasy Westward Journey mobile games Onmyoji and the mobile version of New Ghost as well as licensed. games such as Blizzard Entertainment s Overwatch, The increase in advertising services gross profit in 2016 was due to NetEase s monetization efforts for its. mobile applications primarily its Mobile News App The top performing advertising verticals in fiscal year. 2016 were automobile internet services and telecommunication services. The increase in e mail e commerce and others gross profit in 2016 was primarily due to business development. and gross profit margin improvement of certain NetEase e commerce businesses. Operating Expenses, Total operating expenses for fiscal year 2016 were RMB9 0 billion US 1 3 billion compared to RMB6 1.
billion for the preceding fiscal year The increase in operating expenses in 2016 was primarily due to increased. selling and marketing expenses higher research and development investments and higher staff related costs. resulting from an increase in headcount and average compensation. Income Taxes, The Company recorded a net income tax charge of RMB2 1 billion US 302 8 million and RMB1 3 billion. for fiscal years 2016 and 2015 respectively The effective tax rate was 15 1 for fiscal year 2016 compared. to 15 7 for fiscal year 2015,Net Income After Tax, Net income attributable to the Company s shareholders for fiscal year 2016 totaled RMB11 6 billion US 1 7. billion compared to RMB6 7 billion for the preceding fiscal year Non GAAP net income attributable to the. Company s shareholders 1 for fiscal year 2016 totaled RMB12 9 billion US 1 9 billion compared to. RMB7 4 billion for fiscal year 2015, For fiscal year 2016 the Company reported a net foreign exchange gain of RMB146 5 million US 21 1. million compared to a net foreign exchange gain of RMB133 8 million for the preceding fiscal year The net. foreign exchange gains were mainly due to unrealized exchange gains and losses arising from the Company s. U S dollar denominated bank deposit and short term loan balances as the exchange rate of the U S dollar. against the RMB fluctuated over these periods, NetEase reported basic and diluted earnings per ADS of US 12 73 and US 12 63 respectively for fiscal year. 2016 and basic and diluted earnings per ADS of US 7 38 and US 7 34 respectively for fiscal year 2015. Non GAAP basic and diluted earnings per ADS were US 14 11 and US 14 00 respectively for fiscal year. 2016 compared to non GAAP basic and diluted earnings per ADS of US 8 13 and US 8 08 respectively for. fiscal year 2015,Quarterly Dividend, The board of directors has approved a dividend of US 1 01 per ADS for the fourth quarter of 2016 which is.
expected to be paid on March 10 2017 to shareholders of record as of the close of business on March 3 2017. NetEase paid a dividend of US 0 73 per ADS for the first quarter of 2016 on June 3 2016 and US 0 78 per. ADS for each of the second and third quarters of 2016 on September 9 2016 and December 2 2016. respectively, Under the Company s quarterly dividend policy announced on May 13 2014 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 determination to make dividend distributions and the amount of such distributions in any. particular quarter will be made at the discretion of the board of directors and will be based upon the. Company s operations and earnings cash flow financial condition and other relevant factors. Other Information, As of December 31 2016 the Company s total cash and cash equivalents current and non current time. deposits and short term investments balance totaled RMB36 9 billion US 5 3 billion compared to RMB26 8. billion as of December 31 2015 Cash flow generated from operating activities was RMB15 5 billion US 2 2. billion for fiscal year 2016 compared to RMB8 1 billion for the preceding fiscal year. As used in this press release non GAAP net income attributable to the Company s shareholders is defined to exclude. share based compensation expenses and impairment on long term investment of available for sale securities See. Unaudited Reconciliation of GAAP and Non GAAP Results at the end of this press release. Share Repurchase Program, On September 1 2015 the Company announced that its board of directors approved a share repurchase. program of up to US 500 million of the Company s outstanding ADSs for a period not to exceed 12 months. NetEase funded repurchases made under this program from available working capital As of August 31 2016. the last day of such program the Company had repurchased approximately 1 5 million ADSs for. approximately US 205 3 million under this program, On November 15 2016 the Company announced that its board of directors approved a new share repurchase. program of up to US 1 0 billion of the Company s outstanding ADSs for a period not to exceed 12 months As. of December 31 2016 no ADSs were repurchased under this program. The United States dollar US amounts disclosed in this press release are presented solely for the. convenience of the reader Translations of amounts from RMB into United States dollars for the convenience. of the reader were calculated at the noon buying rate of US 1 00 RMB6 9430 on December 30 2016 as set. forth in the H 10 statistical release of the U S Federal Reserve Board No representation is made that the RMB. amounts could have been or could be converted into US at that rate on December 30 2016 or at any other. certain date The percentages stated are calculated based on RMB. Notes to Unaudited Financial Information, The unaudited financial information disclosed in this press release is preliminary The audit of the financial.
statements and related notes to be included in the Company s annual report on Form 20 F for the year ended. December 31 2016 is still in progress In addition because an audit of the Company s internal controls over. financial reporting in connection with section 404 of the Sarbanes Oxley Act of 2002 has not yet been. completed the Company makes no representation as to the effectiveness of those internal controls as of the. end of fiscal year 2016, Adjustments to the financial statements may be identified when the audit work is completed which could. result in significant differences between the Company s audited financial statements and this preliminary. unaudited financial information,Conference Call, NetEase s management team will host a teleconference call with simultaneous webcast at 8 00 p m Eastern. Time on Wednesday February 15 2017 Beijing Hong Kong Time 9 00 a m Thursday February 16 2017. NetEase s management will be on the call to discuss the quarterly results and answer questions. Interested parties may participate in the conference call by dialing 1 888 778 9058 international 1 913 312. 1227 10 15 minutes prior to the initiation of the call A replay of the call will be available by dialing 1 888. 203 1112 international 1 719 457 0820 and entering passcode 7293293 The replay will be available. through March 1 2017, This call will be webcast live and the replay will be available for 12 months Both will be available on. NetEase s Investor Relations website at http ir netease com. About NetEase Inc, NetEase Inc NASDAQ NTES is a leading internet technology company in China Dedicated to providing. online services centered around content community communication and commerce NetEase develops and. operates some of China s most popular PC client and mobile games advertising services e mail services and. e commerce platforms In partnership with Blizzard Entertainment Mojang AB a Microsoft subsidiary and. other global game developers NetEase also operates some of the most popular international online games in. China For more information please visit http ir netease com. Forward Looking Statements, This press release contains statements of a forward looking nature These statements are made under the safe.
harbor provisions of the U S Private Securities Litigation Reform Act of 1995 You can identify these. forward looking statements by terminology such as will expects anticipates future intends. plans believes estimates and similar statements The accuracy of these statements may be impacted by. a number of business risks and uncertainties that could cause actual results to differ materially from those. projected or anticipated including risks related to the risk that the online game market will not continue to. grow or that NetEase will not be able to maintain its leading position in that market which could occur if for. example its new online games or expansion packs and other improvements to its existing games do not. become as popular as management anticipates the ability of NetEase to successfully expand its mobile. internet offerings the ability of NetEase to effectively market its games and other services and achieve a. positive return on its marketing expenditures the risk that Shanghai EaseNet will not be able to continue. operating World of Warcraft StarCraft II Hearthstone Diablo III Reaper of Souls Heroes of the. Storm Overwatch or other games licensed by it for a period of time or permanently due to possible. governmental actions or the risk that such games will not be popular with game players in China the risk that. changes in Chinese government regulation of the online game market and the market for NetEase s e. commerce services may limit future growth of NetEase s revenues or cause revenues to decline competition. in the online advertising business and the risk that investments by NetEase in its content and services may not. increase the appeal of the NetEase websites among internet users or result in increased advertising revenues. the risk that NetEase may not be able to continuously develop new and creative online services including its. ability to maintain and enhance the popularity of its e mail mobile and e commerce services and develop. attractive mobile games the risk that NetEase will not be able to control its expenses in future periods. competition in NetEase s existing and potential markets governmental uncertainties including possible. changes in the effective tax rates applicable to NetEase and its subsidiaries and affiliates and the ability of. NetEase to receive and maintain approvals of the preferential tax treatments and general competition and price. pressures in the marketplace the risk that fluctuations in the value of the Renminbi with respect to other. currencies could adversely affect NetEase s business and financial results and other risks outlined in. NetEase s filings with the Securities and Exchange Commission NetEase does not undertake any obligation to. update this forward looking information except as required under the applicable law. Non GAAP Financial Measures, NetEase considers and uses non GAAP financial measures such as non GAAP net income attributable to the. Company s shareholders and non GAAP basic and diluted earnings per ADS as supplemental metrics in. reviewing and assessing its operating performance and formulating its business plan The presentation of non. GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial. information prepared and presented in accordance with accounting principles generally accepted in the United. States of America U S GAAP, NetEase defines non GAAP net income attributable to the Company s shareholders as net income attributable. to the Company s shareholders excluding share based compensation expenses and impairment on long term. investment of available for sale securities Non GAAP net income attributable to the Company s shareholders. enables NetEase s management to assess its operating results without considering the impact of share based. compensation expenses and impairment on long term investment of available for sale securities which are. non cash charges or non recurring in nature NetEase believes that these non GAAP financial measures. provide useful information to investors in understanding and evaluating the Company s current operating. performance and future prospects in the same manner as management does if they so choose NetEase also. believes that the use of this non GAAP financial measure facilitates investors assessment of its operating. performance, Non GAAP financial measures are not defined under U S GAAP and are not presented in accordance with. U S GAAP Non GAAP financial measures have limitations as analytical tools One of the key limitations of. using non GAAP net income attributable to the Company s shareholders is that it does not reflect all items of. expense that affect our operations Share based compensation expenses and impairment on long term. investment of available for sale securities have been and may continue to be incurred in our business and are. not reflected in the presentation of non GAAP net income attributable to the Company s shareholders In. addition the non GAAP financial measures NetEase uses may differ from the non GAAP measures used by. other companies including peer companies and therefore their comparability may be limited. NetEase compensates for these limitations by reconciling non GAAP net income attributable to the. Company s shareholders to the nearest U S GAAP performance measure all of which should be considered. when evaluating the Company s performance See Reconciliation of GAAP and Non GAAP Results at the. end of this press release NetEase encourages you to review its financial information in its entirety and not rely. on a single financial measure,NETEASE INC,UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS. RMB and USD in thousands,December 31 December 31 December 31.
2015 2016 2016,RM B RM B USD Note 1,Current assets. Cash and cash equivalents 6 071 487 5 439 499 783 451. Time deposits 14 593 291 19 361 098 2 788 578,Restricted cash 2 192 634 3 473 273 500 255. Accounts receivable net 2 614 149 4 251 297 612 314. Prepayments and other current assets 3 513 275 5 276 082 759 914. Short term investments 5 013 499 11 582 116 1 668 172. Deferred tax assets 410 589 536 339 77 249, Total current assets 34 408 924 49 919 704 7 189 933. Non current assets, Property equipment and software net 2 092 046 2 419 510 348 482. Land use right net 238 878 588 887 84 817,Deferred tax assets 24 685 23 984 3 455.
Time deposits 1 110 000 550 000 79 217,Restricted cash 1 200 000 2 060 000 296 702. Other long term assets 2 082 897 2 469 775 355 722. Total non current assets 6 748 506 8 112 156 1 168 395. Total assets 41 157 430 58 031 860 8 358 328,Liabilities and S hareholders Equity. Current liabilities,Accounts payable 700 600 1 396 187 201 093. Salary and welfare payables 920 982 1 491 448 214 813. Taxes payable 736 214 1 722 501 248 092,Short term loans 2 272 760 3 815 691 549 574. Deferred revenue 4 651 750 7 531 238 1 084 724, Accrued liabilities and other payables 2 218 330 3 219 419 463 693.
Deferred tax liabilities 166 787 358 514 51 637, Total current liabilities 11 667 423 19 534 998 2 813 626. Long term payable,Deferred tax liabilities 81 434 33 721 4 857. Other long term payable 84 974 200 29,Total liabilities 11 833 831 19 568 919 2 818 512. Total NetEase Inc s equity 29 240 083 38 191 081 5 500 660. Noncontrolling interests 83 516 271 860 39 156, Total shareholders equity 29 323 599 38 462 941 5 539 816. Total liabilities and shareholders equity 41 157 430 58 031 860 8 358 328. The accompanying notes are an integral part of this press release. NETEAS E INC, UNAUDITED CONDENS ED CONS OLIDATED S TATEMENTS OF INCOME.
RMB and US D in thousands except per share data,Quarter Ended Year Ended. December 31 S eptember 30 December 31 December 31 December 31 December 31 December 31. 2015 2016 2016 2016 2015 2016 2016,RM B RM B RM B USD Note 1 RM B RM B USD Note 1. Net revenues, Online game services 5 502 867 6 568 016 8 959 140 1 290 384 17 314 148 27 980 491 4 030 029. Advertising services 608 967 563 271 664 815 95 753 1 789 377 2 152 379 310 007. E mail e commerce and others 1 791 120 2 080 358 2 475 065 356 484 3 699 370 8 045 974 1 158 862. Total net revenues 7 902 954 9 211 645 12 099 020 1 742 621 22 802 895 38 178 844 5 498 898. Total cost of revenues 3 683 268 3 878 071 5 635 741 811 716 9 399 260 16 515 032 2 378 660. Gross profit 4 219 686 5 333 574 6 463 279 930 905 13 403 635 21 663 812 3 120 238. Selling and marketing expenses 893 055 1 275 073 1 255 331 180 806 2 958 229 4 481 815 645 516. General and administrative expenses 321 855 391 655 464 149 66 851 1 014 395 1 506 154 216 931. Research and development expenses 586 759 820 246 877 119 126 331 2 158 888 3 046 979 438 856. Total operating expenses 1 801 669 2 486 974 2 596 599 373 988 6 131 512 9 034 948 1 301 303. Operating profit 2 418 017 2 846 600 3 866 680 556 917 7 272 123 12 628 864 1 818 935. Other income, Investment income net 32 120 99 679 291 960 42 051 62 341 200 333 28 854. Interest income net 132 832 162 145 125 335 18 052 596 930 541 969 78 060. Exchange gains net 66 285 14 807 90 461 13 029 133 776 146 510 21 102. Other net 23 196 99 387 219 188 31 570 45 138 377 685 54 398. Net income before tax 2 672 450 3 222 618 4 593 624 661 619 8 110 308 13 895 361 2 001 349. Income tax 513 770 427 177 882 018 127 037 1 273 408 2 102 498 302 823. Net income after tax 2 158 680 2 795 441 3 711 606 534 582 6 836 900 11 792 863 1 698 526. Net income attributable to noncontrolling interests. and mezzanine classified noncontrolling interests 5 781 55 423 28 506 4 106 101 792 188 343 27 127. Net income attributable to, the Company s shareholders 2 164 461 2 740 018 3 683 100 530 476 6 735 108 11 604 520 1 671 399.
Earnings per share basic 0 66 0 84 1 12 0 16 2 05 3 54 0 51. Earnings per ADS basic 16 46 20 90 28 06 4 04 51 27 88 40 12 73. Earnings per share diluted 0 65 0 83 1 11 0 16 2 04 3 51 0 51. Earnings per ADS diluted 16 34 20 73 27 82 4 01 50 94 87 72 12 63. Weighted average number of, ordinary shares outstanding basic 3 286 917 3 277 540 3 281 411 3 281 411 3 284 382 3 281 729 3 281 729. Weighted average number of, ADS outstanding basic 131 477 131 102 131 256 131 256 131 375 131 269 131 269. Weighted average number of, ordinary shares outstanding diluted 3 312 135 3 304 995 3 310 275 3 310 275 3 305 213 3 307 109 3 307 109. Weighted average number of, ADS outstanding diluted 132 485 132 200 132 411 132 411 132 209 132 284 132 284. The accompanying notes are an integral part of this press release. NETEAS E INC, UNAUDITED CONDENS ED CONS OLIDATED S TATEMENTS OF CAS H FLOWS.
RMB and US D in thousands,Quarter Ended Year Ended. December 31 S eptember 30 December 31 December 31 December 31 December 31 December 31. 2015 2016 2016 2016 2015 2016 2016,RM B RM B RM B USD Note 1 RM B RM B USD Note 1. Cash flows from operating activities, Net income 2 158 680 2 795 441 3 711 606 534 582 6 836 900 11 792 863 1 698 526. Adjustments to reconcile net income to net,cash provided by operating activities. Depreciation and amortization 54 554 89 905 96 653 13 921 182 450 327 515 47 172. Impairment loss for investments 12 037 12 247 1 764 12 037 278 906 40 171. Share based compensation cost 190 483 277 265 273 975 39 461 684 467 990 131 142 609. Allowance for reversal of provision for doubtful debts 836 10 329 2 398 345 4 041 9 952 1 433. Losses gains on disposal of property, equipment and software 6 017 404 46 7 5 903 1 276 184.
Unrealized exchange gains 65 963 22 477 77 989 11 233 116 772 166 638 24 001. Gain on disposal of long term investments 234 050 33 710 234 050 33 710. Deferred income taxes 19 724 49 766 14 874 2 142 147 285 66 676 9 603. Net equity share of loss from associated companies 9 083 2 917 36 050 5 192 76 134 85 813 12 360. Fair value changes of short term investments 51 160 85 413 95 697 13 783 140 104 304 605 43 872. Changes in operating assets and liabilities, Accounts receivable 672 343 181 029 1 586 524 228 507 1 744 059 1 646 885 237 201. Prepayments and other current assets 19 228 71 458 968 609 139 509 2 039 087 1 824 362 262 763. Accounts payable 140 671 13 156 517 861 74 587 243 140 604 089 87 007. Salary and welfare payables 398 228 139 693 704 875 101 523 386 417 570 466 82 164. Taxes payable 144 782 120 128 667 002 96 068 401 924 986 390 142 070. Deferred revenue 541 012 592 143 2 004 605 288 723 2 683 970 2 879 489 414 733. Accrued liabilities and other payables 285 928 136 456 333 967 48 102 746 844 1 071 240 154 291. Net cash provided by operating activities 3 113 893 3 729 948 5 378 746 774 701 8 076 920 15 488 266 2 230 776. Cash flows from investing activities, Purchase of property equipment and software 220 268 165 535 463 794 66 800 866 314 1 135 533 163 551. Proceeds from sale of property equipment and software 691 552 83 12 1 292 2 064 297. Purchase of other intangible assets 2 429 2 005 289 347 4 434 639. Purchase of land use right 123 787 163 998 60 9,Net change in short term investments. with terms of three months or less 136 256 365 269 2 661 702 383 365 231 306 3 704 332 533 535. Purchase of short term investments 1 370 000 3 440 000 2 000 000 288 060 5 687 000 12 439 000 1 791 589. Proceeds from maturities of short term investments 664 251 1 657 273 3 890 560 560 357 3 103 463 9 879 319 1 422 918. Investment in associated companies 363 586 900 130 187 532 364 486 52 497. Proceeds from disposal of long term investments 249 569 35 945 249 569 35 945. Transfer to restricted cash 231 015 845 328 713 162 102 717 763 493 2 140 421 308 285. Placement rollover of matured time deposits 4 615 772 6 750 017 6 818 322 982 043 19 017 824 20 367 430 2 933 520. Proceeds from maturities of time deposits 3 125 866 5 966 100 3 911 939 563 437 22 582 480 16 377 449 2 358 844. Net change in other assets 156 401 222 456 515 74 1 305 945 354 519 51 061. Net cash used in investing activities 2 790 179 4 530 695 4 607 219 663 579 2 536 524 14 001 814 2 016 682. The accompanying notes are an integral part of this press release. NETEAS E INC, UNAUDITED CONDENS ED CONS OLIDATED S TATEMENTS OF CAS H FLOWS CONTINUED. RMB and US D in thousands,Quarter Ended Year Ended.
December 31 S eptember December 31 December 31 December 31 December 31 December 31. 2016 2016 2016 2015 2016 2016,RM B RM B RM B USD Note 1 RM B RM B USD Note 1. Cash flows from financing activities, Proceeds of short term bank loans 2 223 623 3 005 008 3 815 678 549 572 5 828 758 11 354 866 1 635 441. Payment of short term bank loans 2 223 623 2 320 920 3 005 010 432 811 5 741 616 9 860 110 1 420 151. Capital contribution from noncontrolling interests shareholders 15 000 15 015 4 1. Repurchase of mezzanine classified noncontrolling interests 134 736 134 736. Repurchase of shares 132 192 1 199 102 172 707, Dividends paid to shareholders 470 935 683 826 692 524 99 744 1 467 965 2 546 165 366 724. Net cash used in provided by financing activities 590 671 262 118 144 17 017 1 632 736 2 250 507 324 140. Effect of exchange rate changes on cash, held in foreign currencies 68 362 25 128 68 025 9 798 142 374 132 067 19 021. Net decrease increase in cash and cash equivalents 198 595 775 357 957 696 137 937 4 050 034 631 988 91 025. Cash and cash equivalents beginning of the period 6 270 082 5 257 160 4 481 803 645 514 2 021 453 6 071 487 874 476. Cash and cash equivalents end of the period 6 071 487 4 481 803 5 439 499 783 451 6 071 487 5 439 499 783 451. S upplemental disclosures of cash flow information. Cash paid for income tax net 353 663 417 623 119 585 17 224 1 124 339 1 097 178 158 027. S upplemental schedule of non cash investing,and financing activities.
Fixed asset purchases financed by, accounts payable and accrued liabilities 216 328 179 662 260 277 37 488 216 328 260 277 37 488. The accompanying notes are an integral part of this press release. NETEAS E INC,UNAUDITED S EGMENT INFORMATION,RMB and US D in thousands except percentages. Quarter Ended Year Ended, December 31 S eptember 30 December 31 December 31 December 31 December 31 December 31. 2015 2016 2016 2016 2015 2016 2016,RM B RM B RM B USD Note 1 RM B RM B USD Note 1. Net revenues, Online game services 5 502 867 6 568 016 8 959 140 1 290 384 17 314 148 27 980 491 4 030 029.
Advertising services 608 967 563 271 664 815 95 753 1 789 377 2 152 379 310 007. E mail e commerce and others 1 791 120 2 080 358 2 475 065 356 484 3 699 370 8 045 974 1 158 862. Total net revenues 7 902 954 9 211 645 12 099 020 1 742 621 22 802 895 38 178 844 5 498 898. Cost of revenues, Online game services 1 805 489 2 299 455 3 516 965 506 549 5 393 555 9 974 146 1 436 577. Advertising services 194 179 195 376 223 018 32 121 599 032 749 652 107 972. E mail e commerce and others 1 683 600 1 383 240 1 895 758 273 046 3 406 673 5 791 234 834 111. Total cost of revenues 3 683 268 3 878 071 5 635 741 811 716 9 399 260 16 515 032 2 378 660. Gross profit, Online game services 3 697 378 4 268 561 5 442 175 783 835 11 920 593 18 006 345 2 593 452. Advertising services 414 788 367 895 441 797 63 632 1 190 345 1 402 727 202 035. E mail e commerce and others 107 520 697 118 579 307 83 438 292 697 2 254 740 324 751. Total gross profit 4 219 686 5 333 574 6 463 279 930 905 13 403 635 21 663 812 3 120 238. Gross profit margin, Online game services 67 2 65 0 60 7 60 7 68 8 64 4 64 4. Advertising services 68 1 65 3 66 5 66 5 66 5 65 2 65 2. E mail e commerce and others 6 0 33 5 23 4 23 4 7 9 28 0 28 0. The accompanying notes are an integral part of this press release.


Related Books

Paul Deitel , Harvey Deitel - Java How To Program, 10th ...

Paul Deitel Harvey Deitel Java How To Program 10th

' & - , ) + ) * ) ( @ 1 0 ? ' 6 3 0 ' 6 3 6 > = ' < 0 : 0 7 ' ; 2 ' 1 2 . : 8 6 9 9 2 8 ' 7 6 5 . 1 0 4 3 2 ' 1 0 ' / . ) ( ' & - ! % / 2 / 1 % ! , - , 0 ...

S. C. BAPNA ASSOCIATES Arihant C-44/45, Greater Kailash ...

S C BAPNA ASSOCIATES Arihant C 44 45 Greater Kailash

> As per Rajasthan Municipal Accounts manual "Depreciation on theJixed assets shall be provided on straight line method uniformly on all assets having useful life of more than one year with respect to prescribed rates of depreciation guided by the Income tax Act, 1961 and rules subject to 95 % of their book value (cost less residual value 5% ...

Setting Up Your Windows Network - elhvb.com

Setting Up Your Windows Network elhvb com

Connecting your home, small office, ... Your computer has wireless Ethernet for networking ... Tips & Tricks If you are connecting just two computers ...

REPORT - JSPS

REPORT JSPS

The 8th HOPE Meeting, chaired by Prof. Makoto Kobayashi, was held in Tsukuba from 7 to 11 March, 2016 with a focus on physics, chemistry, physiology/medicine and related fields. It was attended by 107 doctoral students and young researchers from 18 Asia-Pacific and African countries and regions, including the first time participants from Myanmar.

JointResearchCouncil. Ispra, Italy. 8th 10th November2017

JointResearchCouncil Ispra Italy 8th 10th November2017

JointResearchCouncil. Ispra, Italy. 8th?10th November2017 Spanish Drought Index System. Legal background The Ministry competent for the environment will approve a GLOBAL SYSTEM OF INDICATORSthatwill be used for the legal definition of DROUGHT River Basin Authorities will draft Special Drought Plans within their Hydrological Plan,

Comprehension - Florida State University

Comprehension Florida State University

Comprehension 2006 The Florida Center for Reading Research (Revised July, 2007) 2-3 Student Center Activities: Comprehension Text Analysis Compare and Contrast Objective The student will identify similarities and differences between topics. Materials Reference materials (e.g., texts, encyclopedia, dictionary, thesaurus)

MAGIC ATOLS: MICROWAVE AND GPS INTEGRATED COOPERATIVE ...

MAGIC ATOLS MICROWAVE AND GPS INTEGRATED COOPERATIVE

manual take-off or landing phase. This manual solution is no more possible as a certified system in compliance with the USAR code (STANAG 4671) precludes the use of manual landing. The GPS solution is used for a lot of UAV systems although this solution is not CAT III certified. GBAS GPS (Ground-Based Augmentation System) is not yet CAT III certified, mainly due to the availability and ...

Death, Dying and Canadian Families - The Vanier Institute ...

Death Dying and Canadian Families The Vanier Institute

DEATH, DYING AND CANADIAN FAMILIES The Historical Context: Death and Dying in Canada over Time 6. ... or good manners to make a final visit. ...

Alpers disease mutations in human DNA polymerase gamma ...

Alpers disease mutations in human DNA polymerase gamma

early childhood Alpers syndrome. One patient harboring both mutations as compound heterozygous died at 2 years of age after disease onset at 9 months. Quantitative kinetic analysis on puri?ed enzyme showed that the S305R mutation reduces the DNA binding af?nity by 10-fold, and reduces the speci?city constant (k cat /K m) for correct

JUVENILE-ONSET ALPERS SYNDROME: INTERPRETING MRI FINDINGS ...

JUVENILE ONSET ALPERS SYNDROME INTERPRETING MRI FINDINGS

as juvenile-onset Alpers syndrome.1 Features are the combination of refractory epilepsy and visual symptoms in a previously healthy adolescent. In contrast, typical Alpers (-Huttenlocher) syn-drome, also a POLG1 mutation phenotype, usu-ally presents in early childhood with the classic triad of developmental delay, intractable seizures, and ...