NETEASE MUSIC(09899.HK): 2026 Interim Report - Profit Attributable to Shareholders stood at CNY 809.24 million, YoY decrease of 57.08%

August 20, 2026, NETEASE MUSIC(09899.HK) released its Interim Report for the period ended December 31, 2026, Total Revenue stood at CNY 3.96 billion, increased by 3.44% YoY; Net Profit stood at CNY 809.24 million, YoY decrease of 57%; Profit Attributable to Shareholders stood at CNY 809.24 million, YoY decrease of 57.08%; Basic Earnings Per Share (EPS) stood at CNY 3.87.
In terms of profitability, NETEASE MUSIC Gross Profit changed from CNY 1.39 billion in the same period last year to CNY 1.47 billion in the current period, increased by CNY 81.92 million; gross profit margin changed from 36.38% in the same period last year to 37.24% in the current period, increased by 0.86 percentage points; net profit changed from CNY 1.88 billion in the same period last year to CNY 809.24 million in the current period, decreased by CNY 1.07 billion; net profit margin changed from 49.18% in the same period last year to 20.44% in the current period, decreased by 28.74 percentage points.
In terms of earnings quality, NETEASE MUSIC Operating Profit changed from CNY 844.51 million in the same period last year to CNY 746.23 million in the current period, decreased by CNY 98.27 million; Operating Profit Margin changed from 22.07% in the same period last year to 18.85% in the current period, decreased by 3.22 percentage points.
In terms of financial soundness, NETEASE MUSIC Debt-to-Asset Ratio changed from 20.74% in the same period last year to 22.73% in the current period, increased by 1.99 percentage points; Total Equity changed from CNY 12.117 billion in the same period last year to CNY 12.644 billion in the current period, increased by CNY 527.59 million; Current Liabilities changed from CNY 3.07 billion in the same period last year to CNY 3.61 billion in the current period, increased by CNY 538.49 million.
In terms of R&D investment focus, NETEASE MUSIC R&D Expenses changed from CNY 378.88 million in the same period last year to CNY 390.97 million in the current period, increased by CNY 12.09 million; R&D to Total Revenue Ratio changed from 9.9% in the same period last year to 9.88% in the current period, decreased by 0.02 percentage points.
By the close of trading on August 20, 2026, NETEASE MUSIC(09899) saw a loss of 0.79% in its share price, closing at HKD 112.6 and touched an intraday low of HKD 110.4. The full-day turnover stood at HKD 89.29 million, showing significant volume increase, with the latest market capitalization at HKD 23.68 billion.

NewTimeSpace Disclaimer:All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.