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Net Income Per Share
12 Months Ended
Dec. 31, 2020
Net Income Per Share  
Net Income Per Share

21.

Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share for the years ended December 31, 2018, 2019 and 2020:

For the year ended December 31, 

    

2018

    

2019

    

2020

Numerator (RMB in thousands):

Net income from continuing operations attributable to NetEase, Inc’s shareholders

8,291,089

13,274,997

12,062,754

Net (loss)/income from discontinued operations attributable to NetEase, Inc’s shareholders

(2,138,682)

7,962,519

Net income attributable to NetEase, Inc.’s shareholders for basic/dilutive net income per share calculation

 

6,152,407

 

21,237,516

 

12,062,754

Denominator (No. of shares in thousands):

Weighted average number of ordinary shares outstanding, basic

 

3,235,324

 

3,220,473

 

3,305,448

Dilutive effect of restricted share units

19,365

29,499

44,311

Weighted average number of ordinary shares outstanding, diluted

3,254,689

3,249,972

3,349,759

Net income per share from continuing operations attributable to NetEase, Inc’s shareholders, basic (RMB)

2.56

4.12

3.65

Net (loss)/income per share from discontinued operations attributable to NetEase, Inc’s shareholders, basic (RMB)

(0.66)

2.47

Net income per share, basic (RMB)

 

1.90

 

6.59

 

3.65

Net income per share from continuing operations attributable to NetEase, Inc’s shareholders, diluted (RMB)

2.55

4.08

3.60

Net (loss)/income per share from discontinued operations attributable to NetEase, Inc’s shareholders, diluted (RMB)

(0.66)

2.45

Net income per share, diluted (RMB)

 

1.89

 

6.53

 

3.60

Basic net income per share is computed using the weighted average number of the ordinary shares outstanding during the year. Diluted net income per share is computed using the weighted average number of ordinary shares and potential ordinary shares outstanding during the year. For the years ended December 31, 2018, 2019 and 2020, RSUs that were anti-dilutive and excluded from the calculation of diluted net income per share totaled approximately 19.6 million shares, 11.4 million shares and 6.0 million shares, respectively.