NetEase Inc (NTES) - Net Assets
Based on the latest financial reports, NetEase Inc (NTES) has net assets worth $165.21 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($221.56 Billion) and total liabilities ($56.35 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check NetEase Inc (NTES) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $165.21 Billion |
| % of Total Assets | 74.57% |
| Annual Growth Rate | 31.41% |
| 5-Year Change | 66.41% |
| 10-Year Change | 329.53% |
| Growth Volatility | 97.33 |
NetEase Inc - Net Assets Trend (1999–2025)
This chart illustrates how NetEase Inc's net assets have evolved over time, based on quarterly financial data. Also explore NetEase Inc assets under control for the complete picture of this company's asset base.
Annual Net Assets for NetEase Inc (1999–2025)
The table below shows the annual net assets of NetEase Inc from 1999 to 2025. For live valuation and market cap data, see how much is NetEase Inc worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $165.21 Billion | +15.94% |
| 2024-12-31 | $142.49 Billion | +11.25% |
| 2023-12-31 | $128.08 Billion | +17.64% |
| 2022-12-31 | $108.87 Billion | +9.66% |
| 2021-12-31 | $99.28 Billion | +19.62% |
| 2020-12-31 | $83.00 Billion | +32.60% |
| 2019-12-31 | $62.59 Billion | +36.00% |
| 2018-12-31 | $46.03 Billion | -0.88% |
| 2017-12-31 | $46.44 Billion | +20.73% |
| 2016-12-31 | $38.46 Billion | +31.17% |
| 2015-12-31 | $29.32 Billion | +24.82% |
| 2014-12-31 | $23.49 Billion | +16.48% |
| 2013-12-31 | $20.17 Billion | +29.27% |
| 2012-12-31 | $15.60 Billion | +19.11% |
| 2011-12-31 | $13.10 Billion | +76.40% |
| 2010-12-31 | $7.43 Billion | +0.00% |
| 2009-12-31 | $7.43 Billion | +34.59% |
| 2008-12-31 | $5.52 Billion | +62.33% |
| 2007-12-31 | $3.40 Billion | +16.97% |
| 2006-12-31 | $2.91 Billion | +21.52% |
| 2005-12-31 | $2.39 Billion | +76.69% |
| 2004-12-31 | $1.35 Billion | +53.57% |
| 2003-12-31 | $881.18 Million | +51.69% |
| 2002-12-31 | $580.89 Million | +4.64% |
| 2001-12-31 | $555.13 Million | -33.86% |
| 2000-12-31 | $839.37 Million | +516.89% |
| 1999-12-31 | $136.06 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NetEase Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5170298372.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $160.40 Billion | 100.00% |
| Total Equity | $160.40 Billion | 100.00% |
NetEase Inc Competitors by Market Cap
The table below lists competitors of NetEase Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Norfolk Southern Corporation
NYSE:NSC
|
$74.82 Billion |
|
3M Company
NYSE:MMM
|
$75.05 Billion |
|
Vinci S.A.
PA:DG
|
$75.08 Billion |
|
ANZ Group Holdings Ltd
AU:ANZ
|
$75.18 Billion |
|
Eni SpA ADR
NYSE:E
|
$74.54 Billion |
|
Monster Beverage Corp
NASDAQ:MNST
|
$74.53 Billion |
|
Cigna Corp
NYSE:CI
|
$74.53 Billion |
|
Cummins Inc
NYSE:CMI
|
$74.50 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NetEase Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 138,685,606,000 to 160,398,194,000, a change of 21,712,588,000 (15.7%).
- Net income of 32,840,020,000 contributed positively to equity growth.
- Dividend payments of 13,449,002,635 reduced retained earnings.
- Share repurchases of 621,916,424 reduced equity.
- Other comprehensive income decreased equity by 1,006,807,000.
- Other factors increased equity by 3,950,294,059.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $32.84 Billion | +20.47% |
| Dividends Paid | $13.45 Billion | -8.38% |
| Share Repurchases | $621.92 Million | -0.39% |
| Other Comprehensive Income | $-1.01 Billion | -0.63% |
| Other Changes | $3.95 Billion | +2.46% |
| Total Change | $- | 15.66% |
Book Value vs Market Value Analysis
This analysis compares NetEase Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.47x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 305.28x to 0.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $0.39 | $117.98 | x |
| 2000-12-31 | $2.10 | $117.98 | x |
| 2001-12-31 | $1.15 | $117.98 | x |
| 2002-12-31 | $1.16 | $117.98 | x |
| 2003-12-31 | $1.64 | $117.98 | x |
| 2004-12-31 | $2.42 | $117.98 | x |
| 2005-12-31 | $4.19 | $117.98 | x |
| 2006-12-31 | $4.15 | $117.98 | x |
| 2007-12-31 | $5.14 | $117.98 | x |
| 2008-12-31 | $8.53 | $117.98 | x |
| 2009-12-31 | $11.46 | $117.98 | x |
| 2010-12-31 | $11.45 | $117.98 | x |
| 2011-12-31 | $20.03 | $117.98 | x |
| 2012-12-31 | $23.84 | $117.98 | x |
| 2013-12-31 | $31.09 | $117.98 | x |
| 2014-12-31 | $35.84 | $117.98 | x |
| 2015-12-31 | $44.23 | $117.98 | x |
| 2016-12-31 | $57.74 | $117.98 | x |
| 2017-12-31 | $68.97 | $117.98 | x |
| 2018-12-31 | $69.49 | $117.98 | x |
| 2019-12-31 | $94.54 | $117.98 | x |
| 2020-12-31 | $122.59 | $117.98 | x |
| 2021-12-31 | $141.54 | $117.98 | x |
| 2022-12-31 | $155.50 | $117.98 | x |
| 2023-12-31 | $191.09 | $117.98 | x |
| 2024-12-31 | $214.64 | $117.98 | x |
| 2025-12-31 | $249.21 | $117.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NetEase Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.47%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.98%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.38x
- Recent ROE (20.47%) is above the historical average (18.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | -38.19% | -332.72% | 0.11x | 1.06x | $-65.57 Million |
| 2000 | -16.99% | -219.27% | 0.07x | 1.18x | $-226.58 Million |
| 2001 | -41.91% | -821.89% | 0.04x | 1.22x | $-288.15 Million |
| 2002 | 2.81% | 7.38% | 0.36x | 1.07x | $-41.79 Million |
| 2003 | 36.65% | 59.56% | 0.30x | 2.03x | $234.81 Million |
| 2004 | 32.62% | 48.85% | 0.37x | 1.81x | $306.10 Million |
| 2005 | 38.98% | 57.80% | 0.44x | 1.52x | $692.88 Million |
| 2006 | 42.77% | 57.42% | 0.49x | 1.51x | $952.21 Million |
| 2007 | 37.20% | 57.11% | 0.47x | 1.38x | $924.24 Million |
| 2008 | 28.94% | 51.76% | 0.49x | 1.15x | $1.05 Billion |
| 2009 | 24.92% | 49.25% | 0.43x | 1.19x | $1.11 Billion |
| 2010 | 30.06% | 40.59% | 0.63x | 1.18x | $1.49 Billion |
| 2011 | 24.64% | 44.36% | 0.47x | 1.18x | $1.92 Billion |
| 2012 | 23.20% | 44.35% | 0.43x | 1.23x | $2.07 Billion |
| 2013 | 21.95% | 48.32% | 0.37x | 1.21x | $2.42 Billion |
| 2014 | 20.25% | 40.61% | 0.39x | 1.29x | $2.41 Billion |
| 2015 | 23.03% | 29.54% | 0.55x | 1.41x | $3.81 Billion |
| 2016 | 30.39% | 30.40% | 0.66x | 1.52x | $7.79 Billion |
| 2017 | 23.41% | 24.10% | 0.63x | 1.55x | $6.13 Billion |
| 2018 | 13.60% | 12.02% | 0.59x | 1.92x | $1.63 Billion |
| 2019 | 34.56% | 35.85% | 0.53x | 1.82x | $15.09 Billion |
| 2020 | 14.69% | 16.37% | 0.52x | 1.73x | $3.85 Billion |
| 2021 | 17.68% | 19.24% | 0.57x | 1.61x | $7.32 Billion |
| 2022 | 19.42% | 21.08% | 0.56x | 1.65x | $9.86 Billion |
| 2023 | 23.67% | 28.43% | 0.56x | 1.50x | $16.99 Billion |
| 2024 | 21.41% | 28.20% | 0.54x | 1.41x | $15.83 Billion |
| 2025 | 20.47% | 29.98% | 0.49x | 1.38x | $16.80 Billion |
Industry Comparison
This section compares NetEase Inc's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $359,901,462
- Average return on equity (ROE) among peers: -12.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NetEase Inc (NTES) | $165.21 Billion | -38.19% | 0.34x | $74.70 Billion |
| Blue Hat Interactive Entertainment (BHAT) | $6.95 Million | 37.02% | 0.79x | $1.57K |
| Doubledown Interactive Co Ltd (DDI) | $863.99 Million | 9.04% | 0.12x | $444.00 Million |
| DarkIris Inc. Class A Ordinary Shares (DKI) | $934.99K | 117.31% | 1.39x | $7.34 Million |
| Electronic Arts Inc (EA) | $2.56 Billion | -10.76% | 0.92x | $49.86 Billion |
| GCL Global Holdings Ltd Ordinary Shares (GCL) | $12.62 Million | 36.17% | 0.99x | $62.72 Million |
| GD Culture Group Limited (GDC) | $5.96 Million | -282.23% | 2.77x | $223.54 Million |
| GDEV Inc. (GDEV) | $-148.78 Million | 0.00% | 0.00x | $253.93 Million |
| Giga Media Ltd (GIGM) | $186.36 Million | -26.34% | 0.40x | $14.70 Million |
| Golden Matrix Group Inc (GMGI) | $108.95 Million | -1.36% | 0.96x | $90.34 Million |
| Gaming Technologies Inc. Common Stock (GMGT) | $-1.97 Million | 0.00% | 0.00x | $27.42K |
About NetEase Inc
NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally. The company operates through Games and Related Value-Added Services; Youdao; NetEase Cloud Music; and Innovative Businesses and Others segments. It develops and operates mobile and PC games; and offers games licensed from other develo… Read more