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Consolidated Balance Sheets
¥ in Thousands, $ in Thousands
Dec. 31, 2024
CNY (¥)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 51,383,310 $ 7,039,485 ¥ 21,428,902
Time deposits 75,441,355 10,335,423 100,856,034
Restricted cash 3,086,405 422,836 2,777,206
Accounts receivable, net 5,669,027 776,654 6,422,417
Inventories 571,548 78,302 695,374
Prepayments and other current assets, net 6,416,868 879,107 6,076,595
Short-term investments 10,756,143 1,473,586 4,436,057
Total current assets 153,324,656 21,005,393 142,692,585
Non-current assets:      
Property, equipment and software, net 8,520,101 1,167,249 8,075,044
Land use rights, net 4,172,465 571,625 4,075,143
Operating lease right-of-use assets, net 541,071 74,126 749,275
Deferred tax assets 1,113,435 152,540 1,560,088
Time deposits 3,025,000 414,423 1,050,000
Restricted cash 5,208 713 550
Long-term investments 20,206,356 2,768,259 21,783,187
Other long-term assets 5,083,258 696,404 5,939,106
Total non-current assets 42,666,894 5,845,339 43,232,393
Total assets 195,991,550 26,850,732 185,924,978
Current liabilities:      
Accounts payable 720,549 98,715 881,016
Salary and welfare payables 4,683,009 641,570 4,857,206
Taxes payable 2,759,185 378,007 2,571,534
Short-term loans 11,805,051 1,617,285 19,240,163
Contract liabilities 15,299,222 2,095,985 13,362,166
Accrued liabilities and other payables 14,229,032 1,949,369 12,670,906
Short-term operating lease liabilities 171,609 23,510 259,493
Total current liabilities 49,667,657 6,804,441 53,842,484
Non-current liabilities:      
Deferred tax liabilities 2,173,117 297,716 2,299,303
Long-term operating lease liabilities 412,600 56,526 555,829
Long-term loans 427,997 58,635 427,997
Other long-term liabilities 816,041 111,797 715,284
Total non-current liabilities 3,829,755 524,674 3,998,413
Total liabilities 53,497,412 7,329,115 57,840,897
Commitments and contingencies
Redeemable noncontrolling interests 84,272 11,545 115,759
Shareholders' equity:      
Ordinary shares, US$0.0001 par value: 1,000,300,000,000 shares authorized, 3,210,783,141 and 3,167,959,016 shares issued and outstanding as of December 31, 2023 and 2024, respectively 2,631 360 2,710
Additional paid-in capital 9,860,962 1,350,946 22,604,651
Treasury stock (4,473,063) (612,807) (12,694,364)
Statutory reserves 1,954,872 267,817 1,541,416
Accumulated other comprehensive income 1,006,807 137,932 616,780
Retained earnings 130,333,397 17,855,602 112,214,583
NetEase, Inc.'s shareholders' equity 138,685,606 18,999,850 124,285,776
Noncontrolling interests 3,724,260 510,222 3,682,546
Total equity 142,409,866 19,510,072 127,968,322
Total liabilities, redeemable noncontrolling interests and shareholders' equity ¥ 195,991,550 $ 26,850,732 ¥ 185,924,978