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<Results>NTES-S 1Q NP Up 35% YoY to RMB10.3B Largely Beats Forecast
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NTES-S (09999.HK) (NTES.US) has announced its results for 1Q ended March. Net income attributable to the company's shareholders surged by nearly 35% YoY to RMB10.301 billion, greatly surpassing the forecasted RMB7.596-8.111 billion from 4 brokers as consolidated by our reporters. Its net income per share reached RMB3.25, while its net income per ADS amounted to RMB11.88. Under non-GAAP, NTES-S' 1Q net income attributable to its shareholders soared by 32% YoY to RMB11.236 billion, also largely beating the forecasted RMB8.615-9.314 billion from 9 brokers as consolidated by our reporters. Meanwhile, NETEASE MUSIC (09899.HK) reported net income of RMB1.9 billion, down 8.4%. AAStocks Financial News |
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