NetEase 2016 Q1 earnings: net revenue of 7.915 billion yuan, rose 116.3%-NetEase, NetEase reported-IT information
On May 12, NetEase announced today that the company the unaudited financial results for the first quarter ended March 31, 2016. NetEase in 2016, first-quarter net income of 7.915 billion yuan (US $ 1.228 billion), an increase of 116.3%, net profit was 2.461 billion yuan (US $ 382 million), an increase of 94.69%.
In 2016, the first-quarter financial results
Net income
In 2016, first-quarter net income of 7.915 billion yuan (US $ 1.228 billion) last quarter and respectively over a year earlier to 7.903 billion yuan and 3.66 billion yuan.
Net income for the first quarter of 2016 games online service 6.015 billion yuan (933 million dollars), the previous quarter and was 5.503 billion yuan over the same period last year and 2.941 billion yuan.
2016 advertising service in the first quarter net income was 393 million Yuan (US $ 60.98 million) last quarter and 609 million Yuan respectively over the same period last year, and 298 million Yuan.
First quarter of 2016, mail, e-commerce and other business net income to 1.507 billion yuan ($ 234 million) last quarter and the same period last year was 1.791 billion yuan and 421 million Yuan. Mailbox, e-commerce, and other business net income fell mainly due to net some e-commerce products from proprietary models into platform model.
Gross profit
2016 gross profit in the first quarter to 4.587 billion yuan (US $ 711 million) last quarter and the same period last year to 4.22 billion yuan, respectively, and of 2.489 billion yuan.
Online game service gross profit growth per cent mainly due to the hand, such as fantasy westward journey and the Tour Edition of westward, the Hearthstone and agent from Blizzard Entertainment, legends: Heroes of Warcraft. Online game service gross profit growth per cent mainly due to the hand's revenue contribution, such as westward tour version, the Kung Fu Panda 3, and all this land, and agent from Blizzard Entertainment, the Hearthstone legends: Heroes of Warcraft.
Advertising service gross margin rose mainly because of the traffic, network services and communication services growth in demand for services and commercialization of mobile applications such as NetEase news client progress. Advertising service gross margin fell due to seasonal factors caused a decline in revenue.
Mailbox, e-commerce and other business gross margin rose mainly due to the NetEase kaolahai to buy electrical contractor business, revenue growth, and was begun in February 2015 third Lottery business is suspended as a result of the relatively high gross margin partially offset by a reduction in income. Mailbox, e-commerce and other business gross margin rose mainly due to the NetEase kaolahai purchasing and other e-commerce businesses gross margin growth.
Gross profit margin
2016 67.1% online game gross margin for the first quarter, last quarter and the same period last year were 67.2% and 73.1% respectively. Online game gross margin per cent change was mainly due to lower gross profit margins of the tour than the rise in total revenue income in the game.
2016 advertising gross margin in the first quarter of 62.4%, last quarter and the same period last year were 68.1% and 59.2% respectively. Gross profit margin rose mainly due to rise in advertising revenue brought about by economies of scale. Gross margins fell due to seasonal factors caused a decline in revenue.
First quarter of 2016, mail, e-commerce and other business gross margin of 20.4%, last quarter and the same period last year were 6% and 38.9% respectively. Gross margin fell relatively high gross margin was mainly due to the aforementioned third-party result of lottery business is suspended. Gross margins rose due mainly to the NetEase NetEase kaolahai purchase business gross margin improvements, as well as some of the products mentioned above by proprietary models into platform brings rise in gross margins.
Operating expense
In 2016, operating expenses in the first quarter to 1.719 billion yuan (267 million dollars), the previous quarter and of 1.802 billion yuan respectively last year and 1.173 billion yuan. Operating expenses rose because of NetEase kaolahai to buy operating cost, online games and advertising marketing costs and an increase in investment in research and development, as well as the number of employees and average salaries due to the increased cost of personnel. Operating costs fell largely due to online games and advertising marketing expense decreases, and was purchased by NetEase kaolahai offset in part by increases in operating costs.
Income tax
2016 corporate income tax expense in the first quarter was 531 million Yuan (US $ 82.3 million) last quarter and last year were 514 million Yuan and 215 million Yuan. 2016 the effective tax rate in the first quarter of 17.5%, last quarter and the same period last year were 19.2% and 14.1% respectively. Change of the effective tax rate reflects the group for the first quarter of 2016 estimates of effective tax rates.
Net profit
The net profit for the first quarter of 2016 2.461 billion yuan (US $ 382 million) last quarter and last year to 2.164 billion yuan and RMB 1.264 billion, respectively. Based on non-United States GAAP, net profit in the first quarter of 2016 to 2.666 billion yuan (414 million dollars) respectively last quarter and a year earlier of 2.355 billion yuan RMB, and 1.425 billion yuan.
The first quarter of 2016, the company recorded a net loss on Exchange for 36.03 million Yuan (5.59 million dollars) the previous quarter respectively in the previous month and a net exchange gain of 66.29 million Yuan and 22.69 million Yuan. Net exchange gain or loss is mainly due to the company's US dollar bank deposits and loans with the conversion of dollars into RMB exchange rate fluctuations.
Per share of the first quarter of 2016 United States depository net profits of us $ 2.90 (Basic) and $ 2.88 (diluted). Last quarter at US $ 2.55 (Basic) and $ 2.53 (diluted) and $ 1.50 for the same period last year (Basic) and $ 1.49 (diluted). Based on non-United States generally accepted accounting principles, per share of the first quarter of 2016 United States depository net profits of US $ 3.14 (Basic) and $ 3.12 (diluted), last quarter at US $ 2.78 (Basic) and $ 2.76 (diluted) and $ 1.69 trillion for the same period last year (Basic) and $ 1.68 (diluted).
Quarterly dividend
Board of Directors approved first quarter of 2016, dividend, per share of United States depository receipts $ 0.73, after June 3, 2016 payable on May 25, 2016 to rest all registered shareholders.
2015 per share in the fourth quarter United States depository 0.64 dollars, payable on March 18, 2016.
On May 13, 2014 NetEase Announces Quarterly dividend policy of the company, quarterly dividend payment of approximately 25% of each financial quarter the net profit of the company. Quarterly dividend payment and the specific amount is decided solely by the Board of Directors, will be the company's operations and profitability, cash flow, financial situation and other relevant factors as a basis.
For additional information
On March 31, 2016, the Group's cash and cash equivalents, term deposits and short-term investments amounted to 28.43 billion yuan (4.409 billion dollars) as of December 31, 2015 for 26.788 billion yuan. First quarter of 2016, net cash inflow from operating activities was about 3.093 billion yuan (480 million dollars), 3.114 billion yuan in the first quarter, to 1.925 billion yuan over the same period of last year.
Share repurchase plan
On September 1, 2015, the company announced that its Board of Directors approved a new share repurchase program, the company will within a period of not more than 12 months, total amount not to exceed $ 500 million repurchase outstanding United States depository. As of March 31, 2016, the company had to buy back up to 690,000 shares of United States depository receipts, amounts to about $ 92.01 million.
网易2016年Q1财报：净营收79.15亿元，同比增116.3% - 网易,网易财报 - IT资讯
5月12日消息，网易今天宣布了公司截止到2016年3月31日的第一季度未经审计财务业绩。网易2016年第一季度净收入为79.15亿元人民币（12.28亿美元），同比增长116.3%，净利润为24.61亿元人民币（3.82亿美元），同比增长94.69%。
2016年第一季度财务业绩
净收入
2016年第一季度净收入为79.15亿元人民币（12.28亿美元），上一季度和去年同期分别为79.03亿元人民币和36.60亿元人民币。
2016年第一季度在线游戏服务净收入为60.15亿元人民币（9.33亿美元），上一季度和去年同期分别为55.03亿元人民币和29.41亿元人民币。
2016年第一季度广告服务净收入为3.93亿元人民币（6,098万美元），上一季度和去年同期分别为6.09亿元人民币和2.98亿元人民币。
2016年第一季度邮箱，电商及其他业务的净收入为15.07亿元人民币（2.34亿美元），上一季度和去年同期分别为17.91亿元人民币和4.21亿元人民币。邮箱、电商及其他业务净收入环比下降主要由于网易某些电商产品由自营模式转变为平台模式。
毛利润
2016年第一季度毛利润为45.87亿元人民币（7.11亿美元），上一季度和去年同期分别为42.20亿元人民币和24.89亿元人民币。
在线游戏服务毛利同比的增长主要得益于手游，如《梦幻西游》和《大话西游》手游版本，和代理自暴雪娱乐的《炉石传说：魔兽英雄传》。在线游戏服务毛利环比的增长主要是由于手游的收入贡献，如《大话西游》手游版本、《功夫熊猫3》和《率土之滨》，以及代理自暴雪娱乐的《炉石传说：魔兽英雄传》。
广告服务毛利同比增长主要由于交通、网络服务和通信服务的广告服务需求增长，以及网易新闻客户端等移动端应用的商业化进展。广告服务毛利环比下降主要是由于季节性因素造成的收入下降。
邮箱，电商及其他业务毛利同比增长主要得益于网易考拉海购等电商业务的收入增长，并被2015年2月开始的毛利相对较高的第三方彩票业务暂停造成的收入减少所部分抵消。邮箱，电商及其他业务毛利环比增长主要得益于网易考拉海购和其他电商业务的毛利增长。
毛利率
2016年第一季度在线游戏的毛利率为67.1%，上一季度和去年同期分别为67.2%和73.1%。在线游戏毛利率的同比变动主要是由于毛利率相对较低的手游收入在游戏总收入中的占比上升。
2016年第一季度广告服务的毛利率为62.4%，上一季度和去年同期分别为68.1%和59.2%。毛利率同比增长的主要原因是广告服务收入的上升所带来的规模经济效应。毛利率的环比下降主要是由于季节性因素造成的收入下降。
2016年第一季度邮箱，电商及其他业务毛利率为20.4%，上一季度和去年同期分别为6.0%和38.9%。毛利率的同比下降主要是由于上文提到的毛利相对较高的第三方彩票业务暂停导致的。毛利率环比增长的主要原因是网易考拉海购等网易电商业务毛利率的改善，以及上文提到的某些电商产品由自营模式转变为平台模式带来的毛利率的上升。
运营费用
2016年第一季度运营费用为17.19亿元人民币（2.67亿美元），上一季度和去年同期分别为18.02亿元人民币和11.73亿元人民币。运营费用的同比增加是由于网易考拉海购的运营费用、在线游戏和广告业务的市场营销费用和研发投入的增加，以及由于员工人数和平均薪资提高带来的人员成本上升所致。运营费用的环比下降主要是由于在线游戏和广告业务的市场营销费用的减少，并被网易考拉海购的运营费用增加所部分抵消。
所得税
2016年第一季度公司所得税费用为5.31亿元人民币（8,230万美元），上一季度和去年同期分别为5.14亿元人民币和2.15亿元人民币。2016年第一季度有效税率为17.5%，上一季度和去年同期分别为19.2%和14.1%。有效税率的变动反映了集团对于2016第一季度的有效税率的估计。
净利润
2016年第一季度的净利润为24.61亿元人民币（3.82亿美元），上一季度和去年同期分别为21.64亿元人民币和12.64亿元人民币。基于非美国通用会计准则，2016年第一季度净利润为26.66亿元人民币（4.14亿美元），上一季度和去年同期分别为人民币23.55亿元人民币和14.25亿元人民币。
2016年第一季度，公司录得净汇兑损失为3,603万元人民币（559万美元），上一季度及去年同期分别为净汇兑收益6,629万元人民币和2,269万元人民币。净汇兑损益变化主要是由于公司的美元银行存款及贷款余额随美元兑换人民币的汇率波动而折算产生。
2016年第一季度每股美国存托凭证净利润为2.90美元（基本）和2.88美元（摊薄）。上一季度为2.55美元（基本）和2.53美元（摊薄），去年同期为1.50美元（基本）和1.49美元（摊薄）。基于非美国通用会计准则，2016年第一季度每股美国存托凭证净利润为3.14美元（基本）和3.12美元（摊薄），上一季度为2.78美元（基本）和2.76美元（摊薄），去年同期为1.69美元（基本）和1.68美元（摊薄）。
季度股利
董事会批准了2016年第一季度股利，为每股美国存托凭证0.73美元，预期于2016年6月3日支付给2016年5月25日休市后登记在册的全体股东。
2015年第四季度为每股美国存托凭证0.64美元，已于2016年3月18日支付。
根据2014年5月13日网易公司宣布的季度股利政策，季度股利发放金额约为公司每财务季度税后净利润的25%。每季度股利的发放及具体金额由董事会全权决定，将以公司的运营和盈利情况、现金流量、财务状况及其他相关因素为基础。
其他信息
2016年3月31日，集团现金及现金等价物、定期存款和短期投资共计284.30亿元人民币（44.09亿美元），截止至2015年12月31日为267.88亿元人民币。2016年第一季度经营活动净现金流入约为30.93亿元人民币（4.80亿美元），上一季度为31.14亿元人民币，去年同期为19.25亿元人民币。
股份回购计划
2015年9月1日，公司宣布其董事会批准了一项新的股份回购计划，公司将在不超过12个月的期限内，回购总金额不超过5亿美元流通在外的美国存托凭证。截止到2016年3月31日，公司已回购约69万股美国存托凭证，共计约9,201万美元。