NETTF Dividend: NetEase Inc Yield Insights

Breakdown	TTM	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
营收	111,826	105,295	103,468	96,496	87,606	73,667
营收同比增长 (YoY)	6%	2%	7%	10%	19%	24%
营收成本	40,844	39,488	40,404	43,730	40,635	34,684
毛利润	70,981	65,807	63,063	52,766	46,971	38,983
销售、一般及管理费用	17,889	18,698	18,869	18,099	16,478	14,076
研发	17,754	17,524	16,484	15,039	14,076	10,369
营业费用	35,644	36,223	35,354	33,137	30,554	24,444
其他非经营性收入 (费用)	879	602	1,053	847	710	985
税前利润	43,514	35,717	34,056	24,250	21,104	15,372
所得税费用	6,167	5,461	4,699	5,032	4,128	3,042
净利润	36,284	29,697	29,416	20,338	16,857	12,063
净利润增长	32%	1%	45%	21%	40%	-43%
稀释后流通股数	3,223.49	3,230.6	3,252.02	3,296	3,367	3,350
股份同比变动 (YoY)	0%	-1%	-1%	-2%	1%	3%
每股收益 (摊薄)	11.25	9.19	9.04	6.17	5.01	3.6
每股收益增长率	32%	2%	47%	23%	39%	-45%
自由现金流	46,765	37,470	31,055	25,066	21,817	21,598
每股自由现金流	14.5	11.59	9.54	7.6	6.47	6.44
毛利率	63.47%	62.49%	60.94%	54.68%	53.61%	52.91%
营业利润率	31.59%	28.09%	26.78%	20.34%	18.73%	19.73%
净利率	32.44%	28.2%	28.43%	21.07%	19.24%	16.37%
自由现金流利润率	41.81%	35.58%	30.01%	25.97%	24.9%	29.31%
EBITDA	37,561	32,000	30,764	22,487	19,693	17,997
EBITDA 利润率	33.58%	30.39%	29.73%	23.3%	22.47%	24.43%
EBITDA 中的折旧与摊销	2,224	2,417	3,055	2,858	3,276	3,458
EBIT	35,337	29,583	27,709	19,629	16,417	14,539
EBIT 利润率	31.59%	28.09%	26.78%	20.34%	18.73%	19.73%
有效税率	14.17%	15.28%	13.79%	20.75%	19.56%	19.78%

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