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