NetEase reported total net revenues of RMB 7.4 billion ($1.2 billion) for the fiscal year 2011, representing a 22.5% increase from RMB 6.0 billion in 2010.

According to "NetEase 20-F — FY2011 (April 2012)": NetEase reported total net revenues of RMB 7.4 billion ($1.2 billion) for the fiscal year 2011, representing a 22.5% increase from RMB 6.0 billion in 2010.

Online game services remained the primary revenue driver, contributing RMB 6.5 billion ($1.0 billion) or approximately 88% of total net revenues for 2011.

According to "NetEase 20-F — FY2011 (April 2012)": Online game services remained the primary revenue driver, contributing RMB 6.5 billion ($1.0 billion) or approximately 88% of total net revenues for 2011.

Net income for 2011 reached RMB 3.3 billion ($523.5 million), up from RMB 2.7 billion in the previous fiscal year.

According to "NetEase 20-F — FY2011 (April 2012)": Net income for 2011 reached RMB 3.3 billion ($523.5 million), up from RMB 2.7 billion in the previous fiscal year.

The company’s self-developed game portfolio, including titles like 'Fantasy Westward Journey' and 'Westward Journey Online II', continued to serve as the core foundation for revenue generation.

According to "NetEase 20-F — FY2011 (April 2012)": The company’s self-developed game portfolio, including titles like 'Fantasy Westward Journey' and 'Westward Journey Online II', continued to serve as the core foundation for revenue generation.

Operating expenses rose to RMB 2.3 billion in 2011, driven primarily by increased staffing costs, marketing expenditures for new game launches, and higher R&D investment.

According to "NetEase 20-F — FY2011 (April 2012)": Operating expenses rose to RMB 2.3 billion in 2011, driven primarily by increased staffing costs, marketing expenditures for new game launches, and higher R&D investment.

NetEase maintained a strong cash position with cash and cash equivalents, time deposits, and restricted cash totaling RMB 13.9 billion ($2.2 billion) as of December 31, 2011.

According to "NetEase 20-F — FY2011 (April 2012)": NetEase maintained a strong cash position with cash and cash equivalents, time deposits, and restricted cash totaling RMB 13.9 billion ($2.2 billion) as of December 31, 2011.

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Key Insights

NetEase 20-F — FY2011 (April 2012)

NetEase~1 min full read

01
NetEase reported total net revenues of RMB 7.4 billion ($1.2 billion) for the fiscal year 2011, representing a 22.5% increase from RMB 6.0 billion in 2010.
02
Online game services remained the primary revenue driver, contributing RMB 6.5 billion ($1.0 billion) or approximately 88% of total net revenues for 2011.
03
Net income for 2011 reached RMB 3.3 billion ($523.5 million), up from RMB 2.7 billion in the previous fiscal year.
04
The company’s self-developed game portfolio, including titles like 'Fantasy Westward Journey' and 'Westward Journey Online II', continued to serve as the core foundation for revenue generation.
05
Operating expenses rose to RMB 2.3 billion in 2011, driven primarily by increased staffing costs, marketing expenditures for new game launches, and higher R&D investment.
06
NetEase maintained a strong cash position with cash and cash equivalents, time deposits, and restricted cash totaling RMB 13.9 billion ($2.2 billion) as of December 31, 2011.

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