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Organization and Nature of Operations (Tables) | 12 Months Ended
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Dec. 31, 2024
Organization and Nature of Operations |
Schedule of major subsidiaries and VIEs | The major subsidiaries and the VIEs through which the Company conducts its business operations as of December 31, 2024 are described below: ​
​ | ​ | ​
​ |  | Place and year of
Major Subsidiaries | ​ | Incorporation
Guangzhou Boguan Telecommunication Technology Co., Ltd. (“Boguan”) |  | Guangzhou, China 2003
NetEase (Hangzhou) Network Co., Ltd. (“NetEase Hangzhou”) |  | Hangzhou, China 2006
Hong Kong NetEase Interactive Entertainment Limited | ​ | Hong Kong, China 2007
​
​ | ​ | ​
​ |  | Place and year of
Major VIEs and VIEs’ subsidiaries | ​ | Incorporation
Guangzhou NetEase Computer System Co., Ltd. (“Guangzhou NetEase”) |  | Guangzhou, China 1997
Hangzhou NetEase Leihuo Technology Co., Ltd. (“Hangzhou Leihuo”, formerly known as Hangzhou NetEase Leihuo Network Co., Ltd.) |  | Hangzhou, China 2009
Schedule of combined financial information of the VIEs included in the accompanying consolidated financial statements of the Group | The following combined financial information of the VIEs was included in the accompanying consolidated financial statements of the Group as follows (in thousands): ​
​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31,
​ |  | 2023 |  | 2024
​ | ​ | RMB | ​ | RMB
Cash and cash equivalents | ​ | 1,802,256 | ​ | 1,013,200
Time deposits | ​ | 420,000 | ​ | 70,000
Restricted cash | ​ | 2,701,083 | ​ | 3,025,450
Accounts receivable, net | ​ | 4,663,331 | ​ | 3,618,024
Inventories | ​ | 36,908 | ​ | 27,335
Prepayments and other current assets, net | ​ | 1,765,209 | ​ | 2,346,183
Short-term investments | ​ | 73,904 | ​ | 413,516
Amounts due from Group companies | ​ | 9,192,463 | ​ | 11,716,452
Total current assets | ​ | 20,655,154 | ​ | 22,230,160
​ | ​ | ​ | ​ | ​
Property, equipment and software, net | ​ | 52,212 | ​ | 9,905
Operating lease right-of-use assets, net | ​ | 53,686 | ​ | 35,015
Deferred tax assets | ​ | 148,847 | ​ | 15,191
Restricted cash | ​ | 500 | ​ | 3,201
Long-term investments | ​ | 1,212,804 | ​ | 1,119,963
Other long-term assets | ​ | 203,744 | ​ | 342,065
Total non-current assets | ​ | 1,671,793 | ​ | 1,525,340
​ | ​ | ​ | ​ | ​
Total assets |  | 22,326,947 |  | 23,755,500
​ | ​ | ​ | ​ | ​
Accounts payable | ​ | 265,137 | ​ | 51,905
Salary and welfare payables | ​ | 114,794 | ​ | 93,859
Taxes payable | ​ | 142,769 | ​ | 139,413
Short-term loans | ​ | 16,095 | ​ | —
Contract liabilities | ​ | 12,401,426 | ​ | 13,702,547
Accrued liabilities and other payables | ​ | 3,689,885 | ​ | 4,555,787
Short-term operating lease liabilities | ​ | 22,413 | ​ | 18,398
Amounts due to Group companies | ​ | 2,822,751 | ​ | 2,658,376
Total current liabilities | ​ | 19,475,270 | ​ | 21,220,285
​ | ​ | ​ | ​ | ​
Long-term operating lease liabilities | ​ | 30,278 | ​ | 14,853
Other long-term liabilities | ​ | 554,648 | ​ | 648,623
Total non-current liabilities | ​ | 584,926 | ​ | 663,476
​ | ​ | ​ | ​ | ​
Total liabilities |  | 20,060,196 |  | 21,883,761
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31,
​ |  | 2022 |  | 2023 |  | 2024
​ | ​ | RMB | ​ | RMB | ​ | RMB
Net revenues |  | ​ |  | ​ |  | ​
Third-party revenues | ​ | 82,549,444 | ​ | 90,054,544 | ​ | 90,872,284
Intra-Group revenues | ​ | 817,962 | ​ | 734,857 | ​ | 938,100
Total net revenues | ​ | 83,367,406 | ​ | 90,789,401 | ​ | 91,810,384
​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of revenues and operating expenses | ​ | ​ | ​ | ​ | ​ | ​
Third-party cost of revenues and operating expenses | ​ | (18,358,287) | ​ | (17,468,565) | ​ | (18,544,042)
Intra-Group cost of revenues and operating expenses related to technical consulting and related service | ​ | (64,777,586) | ​ | (72,992,568) | ​ | (72,698,641)
Other intra-Group cost of revenues and operating expenses | ​ | (185,608) | ​ | (23,546) | ​ | (155,620)
Total cost of revenues and operating expenses | ​ | (83,321,481) | ​ | (90,484,679) | ​ | (91,398,303)
​ | ​ | ​ | ​ | ​ | ​ | ​
Net income |  | (81,329) |  | 328,357 |  | 177,118
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31,
​ |  | 2022 |  | 2023 |  | 2024
​ | ​ | RMB | ​ | RMB | ​ | RMB
Cash flows from operating activities: | ​ | ​ | ​ | ​ | ​ | ​
Net cash provided by transactions with third-parties | ​ | 67,459,864 | ​ | 72,325,460 | ​ | 74,828,624
Net cash used in transactions with intra-Group companies related to technical consulting and related service | ​ | (66,970,818) | ​ | (73,298,667) | ​ | (73,785,893)
Net cash provided by/(used in) other transactions with intra-Group companies | ​ | 299,452 | ​ | 639,545 | ​ | (45,054)
Net cash provided by/(used in) operating activities |  | 788,498 |  | (333,662) |  | 997,677
​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from investing activities: | ​ | ​ | ​ | ​ | ​ | ​
Net cash used in transactions with third-parties | ​ | (71,832) | ​ | (82,645) | ​ | (234,760)
Net loans made to intra-Group companies | ​ | — | ​ | — | ​ | (1,438,000)
Net cash used in investing activities |  | (71,832) |  | (82,645) |  | (1,672,760)
​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from financing activities: | ​ | ​ | ​ | ​ | ​ | ​
Net cash (used in)/provided by transactions with intra-Group companies | ​ | (105,448) | ​ | (52,839) | ​ | 229,553
Net cash (used in)/provided by transactions with third-parties | ​ | (52,541) | ​ | 15,673 | ​ | (16,095)
Net cash (used in)/provided by financing activities |  | (157,989) |  | (37,166) |  | 213,458
​

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- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-5A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-9 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-4 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-6 + Details
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