NetEase, Inc.
Foreign stocks · NASDAQ · ราคาแปลงจาก NTES (USD) · Technology · Online games
Major Chinese online games company that owns many mobile and PC titles. Most revenue comes from in-game items and memberships, the rest from the Youdao online dictionary and the NetEase Cloud Music app
For every 100 CNY of sales: cost of sales 36 · operating expenses 32 · tax and other items 1 · leaving 31 as net profit
Investors in Thailand can buy NTES through 34 mutual funds open to retail investors. Most of them (28 funds) don't buy the stock themselves. Instead they invest in a master fund abroad, which in turn holds NTES.
| Fund | NTES weight | How it invests | 1-year return |
|---|---|---|---|
 MEGA10CHINA-AMEGA 10 CHINA FUND | 10.37% | Buys the stock directly | −21.62% |
| MEGA10CHINARMFMEGA 10 CHINA RETIREMENT MUTUAL FUND | 10.20% | Buys the stock directly | −21.74% |
| MEGA10CHINATECH-AMEGA 10 CHINA TECHNOLOGY FUND | 9.64% | Buys the stock directly | −29.36% |
| MEGA10CHINATECHRMFMEGA 10 CHINA TECHNOLOGY RETIREMENT MUTUAL FUND | 9.34% | Via เปิด MEGA 10 CHINA TECHNOLOGY | −30.98% |
 KFCHINA-T10PLUS-AKrungsri China Tech 10 Plus Fund | 8.88% | Buys the stock directly | −34.31% |
 DAOL-CHINATECHDAOL CHINA TECH FUND | 8.48% | Via HSTE | −37.23% |
 LHESPORT-ALH ESPORTS FUND | 7.26% | Via ESPO | −16.71% |
| DAOL-PLAYDAOL VIDEO GAMING AND ESPORTS FUND | 7.24% | Via ESPO | −16.92% |
 ES-COFEastspring China Opportunity Fund | 5.67% | Via UBS (Lux) Equity Fund – China Opportunity (USD) | −25.05% |
| ES-CORMFEastspring China Opportunity RMF | 5.63% | Via UBS (Lux) Equity Fund – China Opportunity (USD) | −25.07% |
Yearly average over the last 4 years · Latest annual sales 112.6B CNY
For every 100 CNY of sales, about 31 CNY is left as net profit
Per year, relative to the share price · Tech stocks tend to pay little because they reinvest their profits
Now 17.8% below its 1-year high
| Item (CNY) | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total revenue | 87.6B CNY | 96.5B CNY | 103.5B CNY | 105.3B CNY | 112.6B CNY |
| Gross profit | 47.0B CNY | 52.8B CNY | 63.1B CNY | 65.8B CNY | 72.4B CNY |
| Operating profit | 16.4B CNY | 19.6B CNY | 27.7B CNY | 29.6B CNY | 35.8B CNY |
| Net profit | 17.0B CNY | 19.8B CNY | 29.4B CNY | 30.3B CNY | 34.8B CNY |
| EPS (diluted) | 5.01 | 6.17 | 9.05 | 9.19 | 10.48 |
| Gross margin | 53.6% | 54.7% | 60.9% | 62.5% | 64.3% |
| Operating margin | 18.7% | 20.3% | 26.8% | 28.1% | 31.8% |
| Net margin | 19.4% | 20.6% | 28.4% | 28.7% | 30.9% |
| Operating cash flow | 24.9B CNY | 27.7B CNY | 35.3B CNY | 39.7B CNY | 50.7B CNY |
| Free cash flow | 23.3B CNY | 25.6B CNY | 33.0B CNY | 38.4B CNY | 49.7B CNY |
| Total assets | 153.6B CNY | 172.8B CNY | 185.9B CNY | 196.0B CNY | 221.4B CNY |
| Total liabilities | 54.2B CNY | 63.9B CNY | 57.8B CNY | 53.5B CNY | 56.3B CNY |
| Shareholders' equity | 99.4B CNY | 108.9B CNY | 128.1B CNY | 142.5B CNY | 165.1B CNY |
| Period | SMA | EMA | Price vs line |
|---|---|---|---|
| 10 days | 154.86 | 156.58 | Above |
| 20 days | 160.42 | 158.13 | Above |
| 50 days | 159.37 | 160.29 | Above |
| 100 days | 164.29 | 161.92 | Below |
| 200 days | 161.13 | 163.55 | Above |
| Indicator | Value | Signal |
|---|---|---|
| RSI(14) | 54.58 | Up |
| MACD(12,26) | −1.77 | Down |
| ADX(14) | 22.74 | Neutral |
| ATR(14) % of price | 1.54 | Neutral |
The many funds holding less than 3% are usually index funds holding at market weight · Funds holding more than 8% have deliberately chosen a large position
TALISAM5
SCBAM5KSAM4DAOLINV3LHFUND3
UOBAM3
KASSET3
BBLAM3| Fund | NTES weight | Master fund | 1-year return | TER |
|---|---|---|---|---|
| MEGA10CHINA-A | 10.37% | Buys the stock directly | −21.62% | 1.78% |
| MEGA10CHINARMF | 10.20% | Buys the stock directly | −21.74% | 1.79% |
| MEGA10CHINATECH-A | 9.64% | Buys the stock directly | −29.36% | 1.75% |
| MEGA10CHINATECHRMF | 9.34% | เปิด MEGA 10 CHINA TECHNOLOGY | −30.98% | 0.13% |
| KFCHINA-T10PLUS-A | 8.88% | Buys the stock directly | −34.31% | 1.83% |
| DAOL-CHINATECH | 8.48% | HSTE | −37.23% | 2.00% |
| LHESPORT-A | 7.26% | ESPO | −16.71% | 2.07% |
| DAOL-PLAY | 7.24% | ESPO | −16.92% | 2.01% |
| ES-COF | 5.67% | UBS (Lux) Equity Fund – China Opportunity (USD) | −25.05% | 1.78% |
| ES-CORMF | 5.63% | UBS (Lux) Equity Fund – China Opportunity (USD) | −25.07% | 1.84% |
| UHERO | 5.53% | HERO | −19.67% | 0.62% |
| UCHINA | 5.45% | UBS (Lux) Equity SICAV - All China (USD) | −22.23% | 1.85% |
| UCHINARMF | 5.44% | UBS (Lux) Equity SICAV - All China (USD) | −22.26% | 1.86% |
| SCBCHINA | 5.38% | UBS (Lux) Equity SICAV - All China (USD) | −20.24% | 1.71% |
| SCBRMMLCA | 5.17% | เปิดไทยพาณิชย์ Machine Learning China All Share | −12.46% | 1.20% |
 KT-CHINA-A | 4.55% | BGF China Fund | −18.71% | 1.54% |
| KT-CHINA RMF | 4.54% | BGF China Fund | −18.73% | 1.33% |
| K-CHINARMF | 4.42% | JPMorgan Funds – China Fund, Class JPM China I (acc) – USD | −21.01% | 1.42% |
| K-CHINA-A(A) | 4.40% | JPMorgan Funds – China Fund, Class JPM China I (acc) – USD | −20.87% | 1.43% |
| DAOL-CHIG | 4.17% | Matthews Asia Funds – China Innovators Fund | −1.89% | 2.02% |
| Fund | NTES weight | Master fund | 1-year return | TER |
|---|---|---|---|---|
| SCBCHTG2 | 4.04% | Buys the stock directly | −9.74% | 1.34% |
| SCBMLCA(SSF) | 3.91% | Buys the stock directly | −12.30% | 1.30% |
| KFCMEGA-A | 3.23% | several master funds (iShares China Large-Cap, KraneShares CSI China Internet, Invesco China Technology) | −31.94% | 1.55% |
| KFCMEGARMF | 3.23% | several master funds | −31.41% | 0.23% |
| KFCMEGASSF | 3.23% | several master funds | −31.35% | 0.29% |
| B-ASIA | 2.90% | Invesco Funds - Invesco Asian Equity Fund | +9.12% | 1.61% |
| B-ASIARMF | 2.87% | Invesco Funds - Invesco Asian Equity Fund | +9.12% | 1.60% |
| B-ASIASSF | 2.85% | Invesco Funds - Invesco Asian Equity Fund | +9.74% | 1.24% |
| K-ATECH | 2.54% | JPMorgan Pacific Technology - Class C (acc) - USD | +14.09% | 1.68% |
| TLCNTECH100-X | 2.53% | CNQQ | N/A | 0.79% |
| SCBEMEQ | 2.00% | Lazard Emerging Markets Equity Fund | +7.68% | 1.76% |
 TCHSTARP | 1.80% | several master funds (Hang Seng China Enterprises Index, JPMorgan Funds - China, Invesco China Technology) | −20.39% | 1.95% |
| LHCHINA-A | 0.96% | several master funds | −23.29% | 1.88% |
| LHCHINARMF | 0.95% | several master funds | −23.34% | 2.05% |
| Master fund | Thai funds using this route | Master fund's NTES weight |
|---|---|---|
| several master funds | 4 | 3.23% |
| UBS (Lux) Equity SICAV - All China (USD) | 3 | 5.45% |
| Invesco Funds - Invesco Asian Equity Fund | 3 | 2.90% |
| VanEck Vectors Video Gaming and eSports ETF | 2 | 7.26% |
| UBS (Lux) Equity Fund – China Opportunity (USD) | 2 | 5.67% |
| BGF China Fund | 2 | 4.55% |
| JPMorgan Funds – China Fund, Class JPM China I (acc) – USD | 2 | 4.42% |
| เปิด MEGA 10 CHINA TECHNOLOGY | 1 | 9.34% |
| HSBC HANG SENG TECH UCITS ETF | 1 | 8.48% |
| Global X Video Games & Esports ETF | 1 | 5.53% |
| เปิดไทยพาณิชย์ Machine Learning China All Share | 1 | 5.17% |
| Matthews Asia Funds – China Innovators Fund | 1 | 4.17% |
| several master funds (iShares China Large-Cap, KraneShares CSI China Internet, Invesco China Technology) | 1 | 3.23% |
| JPMorgan Pacific Technology - Class C (acc) - USD | 1 | 2.54% |
| Rayliant-ChinaAMC Transformative China Tech ETF | 1 | 2.53% |
