Computeruser.com
Latest News

NetEase.com Reports Fourth Quarter and Fiscal Year 2010 Unaudited Financial Results

BEIJING Feb. 23, 2011 NetEase.com, Inc. China December 31, 2010

William Ding August 31, 2010 April 2010 August 2010

January 2011

"In advertising services, revenue growth was consistently strong throughout 2010, underscored by quarter-over-quarter and year-over-year increases of 44% and 27% for the fourth quarter, respectively, and an increase of 65% for the full year," Mr. Ding continued. "Our improved internal organizational structure supported excellent sales execution and customer relationship development in 2010.  We integrated a number of new products, services and channels into our portal that have drawn a substantial number of new users and improved user traffic statistics. In 2010, our large investments in promotional activities through sponsorship and support of major Chinese national events and programs paid off well, which we believe successfully raised our portal’s standing and delivered outstanding value-for-money advertising services to our advertisers."

China

Fourth Quarter 20 10 Financial Results

Revenues

RMB1.7 billion US$254.5 million RMB1.4 billion RMB1.3 billion

RMB1.4 billion US$215.5 million RMB1.3 billion RMB1.1 billion

RMB233.7 million US$35.4 million RMB162.0 million RMB183.7 million

RMB23.3 million US$3.5 million RMB20.9 million RMB18.5 million

Gross Profit

RMB1.1 billion US$168.7 million RMB952.0 million RMB838.4 million

The quarter-over-quarter and year-over-year increases in game revenue were primarily attributable to World of Warcraft, Tianxia II and Heroes of Tang Dynasty, as a result of the launch of expansion packs for these games, and Westward Journey Online II, which benefited from large scale promotional activities in the third quarter and improved game designs implemented in the fourth quarter of 2010. In addition, Fantasy Westward Journey contributed to the year-over-year revenue increase, resulting mainly from increased promotional activities held in the second quarter of 2010.

The quarter-over-quarter and year-over-year increases in advertising services revenue were attributable to a combination of factors, including primarily increased advertising related to the 2010 Asian Games and improved portal and search traffic on the NetEase websites. In addition, seasonality contributed to the quarter-over-quarter increase in advertising services revenue in the fourth quarter of 2010.

Gross Profit (Loss) Margin

Gross profit margin for the online game business for the fourth quarter of 2010 was 71.8%, compared to 71.8% and 70.5% for the preceding quarter and the fourth quarter of 2009, respectively.

Gross profit margin for the advertising business for the fourth quarter of 2010 was 53.5%, compared to 51.5% and 56.6% for the preceding quarter and the fourth quarter of 2009, respectively.  The quarter-over-quarter gross profit margin remained relatively stable.   The year-over-year decrease in gross profit margin was primarily due to increased staff-related costs and content costs in the fourth quarter of 2010.

Gross loss margin for the WVAS and others business for the fourth quarter of 2010 was 19.7%, compared to 42.4% and 40.4% for the preceding quarter and the fourth quarter of 2009, respectively.

Operating Expenses

RMB320.7 million US$48.6 million RMB365.0 million RMB231.3 million

Net Profit

RMB712.5 million US$108.0 million RMB585.3 million RMB571.8 million RMB36.4 million US$5.5 million RMB54.3 million RMB15.3 million December 31, 2010 US$0.83 US$0.68 US$0.67

Income Taxes

RMB83.2 million US$12.6 million RMB91.3 million RMB71.2 million

Fiscal Year 20 1 0 Financial Results

Revenues

RMB5.7 billion US$857.5 million RMB3.8 billion RMB4.9 billion US$749.2 million RMB3.4 billion RMB633.2 million US$95.9 million RMB383.6 million RMB82.1 million US$12.4 million RMB71.2 million

Gross Profit

RMB3.7 billion US$561.9 million RMB2.8 billion

RMB42.1 million US$6.4 million RMB101.6 million

Shanghai

O perating Expenses

RMB1.2 billion US$176.4 million RMB761.1 million

Net Profit

RMB2.2 billion US$338.8 million RMB1.9 billion RMB89.5 million US$13.6 million RMB9.6 million December 31, 2010 US$2.61 US$2.60 US$2.17 US$2.16

Income Taxes

RMB344.4 million US$52.2 million RMB313.9 million

Other Information

December 31, 2010 RMB9.5 billion US$1.4 billion RMB7.0 billion December 31, 2009 RMB901.5 million US$136.6 million RMB532.6 million RMB712.4 million

The United States United States US$1.00 RMB6.6000 December 31, 2010 December 31, 2010

Notes to Unaudited Financial Information

December 31, 2010

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

8:00 p.m. Eastern Time Wednesday, February 23, 2011 Beijing 9:00 a.m. Thursday, February 24, 2011

March 9, 2011

http://corp.netease.com

About NetEase

China China

NetEase also offers online advertising on its websites which enables advertisers to reach its substantial user base. In addition, NetEase has paid listings on its search engine and web directory and classified advertising services, as well as an online mall, which provides opportunities for e-commerce and traditional businesses to establish their own storefront on the Internet. NetEase also offers wireless value-added services such as news and information content, matchmaking services, music and photos from the Web which are sent over SMS, MMS, WAP, IVR and Color Ring-back Tone technologies.

China

Forward Looking Statements

China

Contact for Media and Investors:

Brandi Piacente

Investor Relations

[email protected]

Tel: (+1) 212-481-2050

Li Jia

NetEase.com, Inc.

[email protected]

Tel: (+8610) 8255-8208

NETEASE.COM, INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

December 31,

December 31,

December 31,

2009

2010

2010

RMB  

RMB  

USD
(Note 1)

Assets

Current assets:

  Cash

1,041,290

1,285,137

194,718

  Time deposits

5,975,378

8,193,972

1,241,511

  Restricted cash

123,864

140,599

21,303

  Accounts receivable, net

187,340

256,335

38,839

  Prepayments and other current assets

568,125

654,417

99,154

  Deferred tax assets

76,565

72,059

10,918

Total current assets

7,972,562

10,602,519

1,606,443

Non-current assets:

  Property, equipment and software, net

557,756

755,778

114,512

  Land use right, net

12,305

12,046

1,825

  License right, net

212,847

144,637

21,915

  Deferred tax assets

4,188

1,530

232

  Other long-term assets

43,811

45,776

6,935

Total non-current assets

830,907

959,767

145,419

Total assets

8,803,469

11,562,286

1,751,862

Liabilities and Shareholders’ Equity

Current liabilities:

  Accounts payable

238,435

130,558

19,782

  Salary and welfare payables

129,493

181,973

27,572

  Taxes payable

213,727

264,956

40,145

  Deferred revenue

583,470

773,952

117,265

  Accrued liabilities and other payables

212,800

452,412

68,547

Total current liabilities

1,377,925

1,803,851

273,311

Long-term payable:

  Other long-term payable

200

33,342

5,052

  Deferred tax liabilities

1,455

221

Total long-term payable

200

34,797

5,273

Total liabilities

1,378,125

1,838,648

278,584

Total NetEase.com, Inc.’s equity

7,438,778

9,740,811

1,475,880

Non-controlling interests

(13,434)

(17,173)

(2,602)

Total shareholders’ equity

7,425,344

9,723,638

1,473,278

Total liabilities and shareholders’ equity

8,803,469

11,562,286

1,751,862

Leave a comment

seks shop - izolasyon
basic theory test book basic theory test