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name
NETEASE MUSIC
09899.HK
NetEase Cloud Music Inc., an investment holding company, engages in the operation of online platforms to provide music and social entertainment services in the People’s Republic of China. It operates NetEase Cloud Music, an online music platform. The company also offers ancillary and social entertainment products, such as LOOK Live Streaming, Sheng Bo, and Yin Jie; membership subscription; contents sublicensing; and online advertising services on its online platforms, as well as sells digital music album and songs, and virtual items in live streaming platforms. In addition, it provides online music streaming services.
380.73 B
09899.HKMarket value -Rank by Market Cap -/-

Financial Score

14/11/2025 Update
B
Movies and EntertainmentIndustry
Industry Ranking2/34
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreA
    • ROE24.62%A
    • Profit Margin34.22%A
    • Gross Margin36.38%C
  • Growth ScoreC
    • Revenue YoY-3.87%D
    • Net Profit YoY111.25%A
    • Total Assets YoY25.09%A
    • Net Assets YoY32.58%A
  • Cash ScoreD
    • Cash Flow Margin292.24%C
    • OCF YoY-3.87%D
  • Operating ScoreC
    • Turnover0.56C
  • Debt ScoreA
    • Gearing Ratio20.74%A

Valuation analysis

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    News
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    The generative recommendation model of NETEASE MUSIC won the Best Paper Award at the global academic conference CIKM 2025

    36Kr learned that on November 12th, NETEASE MUSIC's generative recommendation model "Climber" officially won the Best Application Paper Award at the global academic conference CIKM2025. The generative recommendation model "Climber" systematically solved the scaling law problem of the Transformer architecture in recommendation scenarios, innovatively adopting a multi-mixed sequence modeling approach and a new multi-task learning paradigm

    36Kr·
    HK
    09899
    +2.00%
    36Kr·
    HK
    09899
    +2.00%

    NETEASE MUSIC's intelligent transition feature AutoMix officially launched

    36Kr learned that recently, NETEASE MUSIC officially launched the "AutoMix" feature. The NETEASE MUSIC smart transition feature is applicable to daily recommendations, playlists, and other playback lists, achieving a seamless listening experience when switching songs through beat matching, tempo adjustment, and other methods

    36Kr·
    HK
    09899
    +2.00%
    36Kr·
    HK
    09899
    +2.00%

    "Stock Movement" NetEase Cloud Music fell 7% against the market, marking the third consecutive day of decline, with large sell-offs during yesterday's closing auction period

    NetEase Music's stock price fell 7% against the market trend, marking the third consecutive day of decline, currently priced at HKD 222, down 12.9% from the closing price of HKD 255 on November 3. Yesterday, approximately 1.71 million shares were traded, involving HKD 384 million, with large sell-offs occurring, a trading volume of 46,200 shares at a transaction price of HKD 238.8. The Hang Seng Index rose by 467 points, closing at 26,402 points

    etnet·
    HK
    09899
    +2.00%
    etnet·
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    NETEASE MUSIC large model sound effect "AI Tuner Master" launched

    36Kr learned that recently, NETEASE MUSIC officially launched the large model sound effect "AI Tuner Master," with a comprehensive upgrade in sound quality. This feature supports AI dynamic analysis of song characteristics, achieving intelligent adaptation of sound effects, visualized adjustment effects, personalized customization, and real-time effect previews. Users can search for "Tuner Master" on NETEASE MUSIC to have the Tuner Master customize exclusive sound effects for each of their favorite songs. NETEASE MUSIC will continuously roll out more sound quality features that users care about, covering various terminals such as App, PC, TV, and in-car systems

    36Kr·
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    36Kr·
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    Morgan Stanley expects NetEase's stock price to rise within the next 30 days, anticipating stable earnings in the third quarter

    Morgan Stanley expects NetEase's stock price to rise within the next 30 days, with a probability of 70% to 80%. The recent decline in stock price has made short-term valuations more attractive. It is anticipated that NetEase will report robust earnings in the third quarter of 2025, with a target price of $170 and a rating of "Overweight."

    AASTOCKS·
    US
    NTES
    -0.40%
    HK
    09999
    -1.88%
    HK
    09899
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    AASTOCKS·
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    NTES
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    HK
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    HK
    09899
    +2.00%
    Posts
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    NetEase's first-quarter performance exceeded expectations overall. As a defensive stock, it once again beat conservative expectations:

    1. The pillar once again exceeded expectations: Overall gaming rev...

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