netease.com - Thread - 500 Beiträge pro Seite

[olli24]

wie sind denn eure meinungen zu netease.com?
hat zwar ein kgv von 40, wenn man die letzten quartalszahlen hochrechnet, aber die gewinnsteigerung von quartal zu quartal läßt auf weitere steigungen in der zukunft hoffen, sodaß das kgv weiter schrumpft. von daher verstehe ich nicht ganz, warum viele hier eine bubble sehen. der preis scheint mir bei der gewinndynamik der chinesischen internetwerte (sina, sohu) doch in ordnung.

[SteveMorino]

Das sehe ich auch so. Gegenüber dem Vorjahr hat sich der Umsatz verfünffacht. Der Gewinn steigt jedoch stärker als der Umsatz. Auch wenn im 1. Quartal die SARS Epidemie Wachstum gekostet hat, so wird es jetzt wahrscheinlich wieder stark bergauf gehen. Am Ende des Jahres liegt das KGV bei gleichbleibendem Kurs bei max. 10. Ich schätze eher bei 6. Also: klarer Kauf.

[olli24]

ja, etwas angsteinflössend ist halt der chart. er sieht auf den ersten blick aus, wie charts von NM-Aktien im jahr 2000, aber netease ist ja so gestiegen weil sie von quartal zu quartal enorme gewinnsteigerungen hinlegen bis jetzt.

[00000001]

Hier werden nur noch Dumme gesucht, denen man die hochmanipulierten Aktien andrehen kann.



Selbst wenn`s noch 20% raufgeht - das Chance:Risiko-Verhältnis ist ungleich miserabler als bei Werten wie 932728.

[olli24]

warum hochmanipuliert, wenn im 1.quartal 27cent pro aktie nettogewinn abgefallen sind? da kann man nicht erwarten die aktie für 10 dollar zu bekommen oder?

[00000001]

@olli24,

man sollte nicht alles glauben, was vom Unternehmen veröffentlicht wird.

[olli24]

na dann musste aber in staatsanleihen gehen wenn du den veröffentlichten quartalszahlen nicht traust...

[00000001]

@olli24,

es kommt auf das Unternehmen an. Netease ist wohl nur mit Comroad vergleichbar.

[00000001]

Im Übrigen werde ich mit dafür sorgen, daß diese Würstchenbude in Deutschland möglichst wenig Abnehmer für ihren Müll finden wird.

Beschäftige Dich einmal mit Form-6:

http://www.pinksheets.com/quote/filings.jsp?symbol=NTES

[00000001]

... ebenso interessiere wohl nicht nur ich mich dafür, welche Organisation sich hinter olli24 versteckt (viz+ntes). Ich hoffe das war klar genug.

[Mauidoc]

Heute am 28.07 sollten doch die Zahlen für das 2. Quartal bekanntgegeben werden. Hat von euch schon jemand etwas gehört?
Ich kann ein plus von zurzeit 2,3% an der Nasdaq ausmachen. Wars das jetzt oder sind die Zahlen noch gar nicht raus.
Ein planloser der auf Antwort hofft.

[olli24]

Heute nach börsenschluss (7:30 p.m. eastern time) kommen zahlen von netease.com
Ich weiss zwar nicht warum einem hier gleich vorgeworfen wird, eine Aktie zu pushen, nur weil man einen Thread eröffnet - zumal ohne Großbuchstaben und 10 Ausrufezeichen im Titel - aber egal.
Im letzten Quartal hat netease.com 27 Cent verdient. Wegen der SARS-Krise und der Schließung von Internetcafes werden die Zahlen spannend sein, aber auch weniger aussagekräftig. Ich selbst bin eher auf den Ausblick für den Rest des Jahres gespannt.

[Andreolly]

@ Olli24

Netease wird wieder fantastische Zahlen abliefern, wenn dann noch der Ausblick stimmt, kanns nur in eine Richtung gehen!!!

Schön, schon seit Wochen dabei zu sein...



@8x0

obwohl du es nicht wahrhaben wirst, es ist immer noch nicht zu spät einzusteigen...

[00000001]

@#13,

Du zahlst doch auch für einen Dollar keine 10 Euro? - Oder doch? Warum nicht? Weil es schwer sein dürfte, jemanden zu finden, der einem den Dollar für noch mehr Euros wieder abkauft.

[Dere]

#14

Muß doch weh tun zu sehen wie andere Kohle verdienen, und
du nicht über deinen Schatten springen kannst Chinanets zu
kaufen.

Vielleicht beschäftigst du dich einfach mal mit diesem Gebiet, dann wüßtest du wo wir vielleicht in 1-2 Jahren
stehen werden.

Dere

[Dere]

@all

NetEase.com, Inc. (NTES) , a leading Internet technology provider in China, today announced financial results for its second quarter ended June 30, 2003.

The Company reported total revenues of RMB136.2 million (US$16.5 million) for the second quarter, a 15.5% increase over total revenues of RMB117.9 million (US$14.2 million) for the preceding quarter ended March 31, 2003 and a 253.8% increase over total revenues of RMB38.5 million (US$4.6 million) for the corresponding period in 2002. The Company reported a net profit of RMB75.8 million (US$9.2 million), or US$0.29 and US$0.28 per basic and diluted American Depositary Share, respectively, compared to the previous quarter`s net profit of RMB68.9 million (US$8.3 million), or US$0.27 and US$0.26 per basic and diluted American Depositary Share, respectively. The same quarter in the previous year had a net profit of RMB38,300 (US$4,600).

Advertising revenues were RMB20.8 million (US$2.5 million) for the quarter ended June 30, 2003, representing a 73.6% increase over RMB12.0 million (US$1.4 million) for the preceding quarter and a 159.3% increase over RMB8.0 million (US$1.0 million) for the corresponding period a year ago.

Revenues from e-commerce and other services for the quarter were RMB115.3 million (US$13.9 million), representing a 9.0% increase over the preceding quarter`s RMB105.8 million (US$12.8 million) and a 280.2% increase over RMB30.3 million (US$3.7 million) for the corresponding period a year ago. The relatively slower growth quarter-over-quarter is largely due to the temporary closure of Internet cafes in parts of China during the SARS outbreak, which impacted user rates for online games.

The Company reported gross profit in the second quarter of RMB107.5 million (US$13.0 million), increasing 17.1% over the previous quarter`s RMB91.8 million (US$11.1 million) and 389.1% over RMB22.0 million (US$2.7 million) for the corresponding period a year ago. Strong revenue growth also favorably impacted gross margins, which increased from 77.9% in the preceding quarter to 78.9% in the second quarter.

Total operating expenses were RMB29.6 million (US$3.6 million), a 4.7% increase from the previous quarter`s RMB28.3 million (US$3.4 million) and a 8.8% increase from the corresponding period a year ago of RMB27.2 million (US$3.3 million). This increase is largely due to the write-back made in the first quarter of a provision for a loan previously made to an ex-employee of the Company, and to a lesser extent, the increase in legal and professional fees for regulatory compliance work in the second quarter. The Company made full provision for the loan in 2001. Upon the repayment of such loan in the first quarter, the Company reversed the provision previously made, which resulted in the reduction in the total operating expenses during that period.

The Company reported an operating profit of RMB77.9 million (US$9.4 million) in the second quarter, representing continued improvement over last quarter`s operating profit of RMB63.6 million (US$7.7 million) and the previous year`s second quarter`s operating loss of RMB5.2 million (US$0.6 million).

Despite higher income tax expense, the Company reported a net profit of RMB75.8 million (US$9.2 million) in the second quarter, increasing 10.0% over the previous quarter`s net profit of RMB68.9 million (US$8.3 million) (which included a one-time other income of RMB5.5 million (US$0.7 million)) and representing 1,977 times the net profit of RMB38,300 (US$4,600) for the corresponding period a year ago. The increase in the effective tax rate during the second quarter is primarily due to a higher proportion of profit earned in a subsidiary company with a higher tax rate than the other group companies when compared to the first quarter.

As of June 30, 2003, the Company`s total net cash balance was RMB729.9 million (US$88.2 million), a 14.2% increase from the previous quarter`s RMB639.3 million (US$77.2 million). Operating cash flow was approximately RMB85.1 million (US$10.3 million) during the quarter.

Commenting on these second quarter results, Ted Sun, acting Chief Executive Officer and Director of the Company said, "We believe that this past quarter demonstrated the strength of NetEase`s diversified revenues strategy. Even with the outbreak of SARS, which had a temporary impact on the growth of our online games business, we were able to generate healthy increases in total revenues. The growth of our advertising business was due in part to the abilities of our advertising sales team and continued enhancements made to our content offerings. During the second quarter, for example, we revamped our Entertainment Channel (http://ent.163.com), Automobile Channel (http://auto.163.com), and Mobile Phone Channel (http://mobile.163.com). In the coming quarters, we will continue to work to grow our advertising business, and to improve and develop new content and service offerings in order to expand our user base, and provide innovative online marketing solutions to advertisers.

"Since the end of the SARS outbreak in late May, we are also pleased to note that the usage of our online games has quickly bounced back to previous levels, and we hope to achieve continued positive results from this business in the future. In the coming quarters, for example, we will be launching upgraded versions of our existing popular titles as well as offering new games so that we can foster enthusiasm among our current users and attract new ones to build upon our leading position."

Mr. Sun continued, "We continue to see significant opportunities in our SMS business, which remains a very significant revenue source for the company. In addition to building upon our wide platform of SMS services already offered to our consumers, we are working to develop new opportunities to further expand and enhance our service offerings, promotional campaigns and distribution channels.

"During the second quarter, we also took steps to build upon our already strong professional Board of Directors and executive management team. Bringing deep experience in the Chinese telecom industry as well as financial expertise, Donghua Ding joined our Board as an independent director in June 2003. In addition, Michael Tong, who has served on our Board as independent director since 1999, joined as an Executive Director and in this new capacity is focusing on overall management of the company as well as more specifically on our online games business."

Denny Lee, NetEase`s Chief Financial Officer added, "We believe that NetEase continues to be in a sound financial position, as evidenced by continued improvements in our gross margins and operating margins. Recently, we also built upon an already strong cash position, as the Company completed its offering of US$75.0 million in Zero Coupon Convertible Subordinate Notes on July 14, 2003, giving us added flexibility to take advantage of opportunities for expansion in the China market."

Users of the NetEase Web sites continued to grow, with 127 million registered accounts at the end of the second quarter, an increase of 11.5% over the 114 million accounts at the end of the previous quarter and a 95.5% increase over the 65 million accounts at the same time a year ago.

"In conclusion," said Mr. Sun, "the second quarter brought a number of positive developments to NetEase, notwithstanding the SARS outbreak and its impact on China. We are focused on continually innovating and bringing new services to both our users and partners which we expect will position us well for continued growth in the coming quarter and long term."

On May 16, 2003, the definitive settlement of the class action litigation filed in the U.S. District Court for the Southern District of New York against NetEase and certain other parties was approved and declared final by the District Court. The aggregate settlement amount, which was paid to those persons who purchased NetEase`s American Depositary Shares during the period from July 3, 2000 to August 31, 2001, was US$4.35 million. This settlement has been reflected in the Company`s third quarter and full-year financial statements for 2002 as a one-time charge.

** Note: The conversion of Renminbi (RMB) into U.S. dollars in this release is based on the exchange rate of USD1 = RMB8.2776. The percentages stated in this press release are calculated based on RMB.**

Web Cast

NetEase will host a conference call to discuss second quarter earnings at 7:30 pm Eastern Time today (Beijing/Hong Kong time: July 29, 2003 at 7:30am). The management team will discuss quarterly results and highlights, and answer questions. This call can be accessed at NetEase`s corporate web site at http://corp.netease.com, through CCBN`s individual investor center at www.companyboardroom.com or by visiting any of the investor sites in CCBN`s Individual Investor Network. Institutional investors can access the call via CCBN`s password-protected event management site, StreetEvents (www.streetevents.com).

[Dere]

@all

Ntes nachbörslich: 47 Dollar

Gruß

Dere

[olli24]

na prima, hat ja alles gut geklappt. nachbörslich ziehen die kurse an. für 7:30pm ist ein earnings call vereinbart. vielleicht kommt da ein ausblick. ansonsten liegen die 29cent quartalsgewinn 4 cent über der consensus-schätzung.

[nocherts]

mal sehen wie weit se noch steigen!

[olli24]

laut reuters ist netease nachbörslich nochmal 10% gestiegen. einen konkreten ausblick für den net profit des nächsten quartals gab es wohl nicht. allerdings wurden für 2 marktfelder wachstumsraten von 15% bzw. 25% für das nächste quartal genannt. ausserdem sollte ja der SARS-effekt hoffentlich nicht wieder kommen


falls jemand ne seite für kostenlose nachbörsliche ami-lurse kennt, kann er sie gern hier posten, ich orientiere mich immer an den news leider.

[Dere]

@ olli

Nachbörslich schau ich immer unter
www.island.com nach

Glückwunsch an alle Ntes Aktionäre - ich bin leider seit
19 Dollar nicht mehr dabei, dafür in Sina und Sohu satt.

Gruß
Dere

[dieNachteule]

@Olli24

Die Riesennull hat wohl Verfolgungswahn?
Organisation?
Manipulation?

Sohu ist momentan interessanter als Netease.
Man darf gespannt sein, wann Netease seine neuen Spiele auf den Markt bringt.

Welcher Patzer rechnet hier ein KGV von 6 aus? Ich komme auf ca. 40 für 2003, und für 2004 könnte es 20 sein. Auch sehr günstig für dieses Wachstum.

Die Nachteule

[Brokerface1402]

Thread: Tom.com der neue Internethighflyer nach Sina, Sohu, China.com
Noch weitestgehendst unentdeckte Chinesische Internetperle

Das kurz bevorstehende Listing an der Nasdaq wird zu einer Kursexplosion führen. Dabei sein, bevor die Masse den Wert entdeckt.

Brokerface Trading

[Dere]

@olli

kostenlose nachbörsliche Kurse entweder unter
www.island.com oder wie ich finde viel besser

melde dich unter

www.Freerealtime.com kostenlos an.

nachbörsliche Kurse, aktuelle News, Realtime kurse
Splitt-Termine, und vieles mehr

probier´s aus

Viel Glück euch

Gruß Dere

[cyba]

Investor`s Business Daily
Monkey Business Fetches Big Returns Here
Friday September 19, 10:30 am ET
By Marilyn Alva


The ancient legend of the Monkey King has long been one of the most popular fables in China. It`s an adventure story of a monk and his monster disciples as they travel West on foot to India to find the Sutra, or Buddhist holy book.
Now an online game based on the legend of the Monkey King - called Westward Journey - is one of the hottest Internet games in China.

It`s also a big sales generator for Chinese Web portal Netease.com Inc., (NasdaqNM:NTES - News) which sponsors the game.

Netease doesn`t take in as much revenue as China`s other two publicly traded Internet companies, Sina Corp. (NasdaqNM:SINA - News) and Sohu.com Inc. (NasdaqNM:SOHU - News)

But it beats them by far in online games, thanks in no small part to the company`s in-house game developers and the success of "Westward Journey."

"The game is very sticky," said analyst Chang Hua Qui of Forun Technology Research. "Once you play the game, you get attached to it."



That`s especially true for men between 16 and 26, he says.

Population Boom

Games aren`t the only growth drivers at Netease. The company, along with its rivals, continues to get a leg up from China`s exploding Internet population, which numbers around 70 million.

"That`s the second highest (total) in the world following the U.S., and (the Chinese market is) growing 59%," Ted Sun, Netease`s chief executive, told analysts in a conference call not long ago.

In July, Netease`s game business logged monthly records in revenue and users, Sun says.

That left little doubt that the company`s online business has recovered from a slowdown in growth during the second quarter, when the SARS outbreak caused Internet cafes to close.

Even with the SARS epidemic, Netease managed to post $15.6 million in overall revenue during the second quarter, up 254% from the prior year. Profit soared to 28 cents a share from 1 cent the year before.

"Sales growth is much faster than growth in expenses," Qui said.

Analysts polled by First Call expect Netease to earn $1.21 a share this year vs. 6 cents in 2002, when the company turned its first profit. Earnings next year are seen rising 40% to $1.70.

Those numbers are a vast improvement from a few years ago, when Netease suffered three straight years of annual losses.

For a time in 2001, the company`s stock traded at less than 1. It`s up to near 61 today.

With the SARS epidemic seemingly behind it, Sun expects Netease`s online game business to grow more than 35% quarter over quarter. That would make it the company`s fastest growing segment, ahead of ad sales, wireless and other products.

Netease`s largest chunk of revenue, 49%, comes from short message services over wireless handhelds. Revenue from short-message services rose 16% quarter over quarter in the last quarter.

The company expects its wireless business to rise at a steady 10% to 15% pace moving forward.

That number seems modest when you consider that China`s fast-growing mobile market is the largest in the world. The number of cell phone users is expected to reach 300 million next year, says US Bancorp Piper Jaffray.

A recent count of China`s 230 million cell phone users showed that 120 million use short messages, Qui says.

Mobile users subscribe to China`s two state-owned mobile service providers: China Mobile Communications Corp. and China Unicom Ltd. As a content provider, Netease has one-year profit-sharing contracts with both of those concerns.

At Their Mercy

A potential risk to Netease`s mobile-business growth is if the state-owned concerns decide to take a bigger slice of profit.

Sun told analysts that Netease benefited from its new contract with Unicom. Still, most of Netease`s business is done with China Mobile, the larger of the two state telecom providers.

Netease also is working to improve ad revenue - a weak link compared with Sina and Sohu. Over the last year, the company beefed up its ad team. Those efforts are paying off.

Netease`s second-quarter ad revenue grew 159% from the prior year to $2.5 million. The company expects ad revenue to rise 25% in coming quarters.

"We are now seeing a lot of advertising from the handset manufacturers as well as telecoms and other consumer products companies," Sun said.

Companies that advertise electronics products are especially interested in reaching young Internet users, according to a recent report from analyst Safa Rashtchy of US Bancorp.

[Peter73]

wieso ist hier eigentlich niemand, währen netease 1/4 ihres Wertes verliert? niemand investiert? keiner eine meinung?

[pangit]

NetEase wird abgestraft

NetEase.com Inc. (Nasdaq: NETS; WKN: 501822): Der Aktienkurs des chinesischen Internetportals NetEase.com wurden an der amerikanischen Technologiebörse Nasdaq am Mittwoch qualvoll abgestraft. Die Papiere verloren mehr als 19 Prozent an Wert, nachdem das Unternehmen die Quartalszahlen gemeldet hatte.

NetEase konnte im dritten Quartal einen Nettogewinn von 10,2 Mio. Dollar erwirtschaften, im Vergleich zu einem Verlust von 1,1 Mio. Dollar im letzten Jahr. Das Portal setzte 17,7 Mio. Dollar um, eine Steigerung von 96 Prozent. Allerdings fiel der Umsatz mit SMS-Diensten von 9,6 Mio. Dollar im zweiten Quartal auf 7,6 Mio. Dollar.


Der Rückgang von 21 Prozent bei den Mobilfunkdiensten führte zum Kursabsturz an der Nasdaq. Der Geschäftsführer von NetEase, Ted Sun, erklärte, dass der Mobilfunkkonzern China Mobile NetEase dazu aufgefordert hatte, Marketingvereinbarungen mit Partnerseiten zu beenden. Angeblich wollen die chinesischen Regulierungsbehörden die Verbreitung von Erwachseneninhalte unterbinden.


NetEase konnte ferner keinen neuen SMS-Kunden im dritten Quartal gewinnen, im Gegensatz zur Konkurrenz. Ein neuer Messaging-Dienst namens Popo soll den Versand von Nachrichten an Mobilfunkgeräte anheizen. Der Dienst soll ab Anfang des nächsten Jahres kostenpflichtig angeboten werden. Derzeit ist der Dienst noch kostenlos, um neue Kunden zu gewinnen.


Der Bereich Online-Gaming verzeichnete dagegen äußerst starkes Wachstum. Die Sparte setzte 6,8 Mio. Dollar im dritten Quartal um, 367 Prozent mehr als im Vergleichszeitraum 2002. Rund 1,2 Mio. Kunden nutzen den Gaming-Dienst von NetEase. (jwd)

http://www.internetaktien.de/enews/53182.html

[pokibeloki]

Jetzt wird die Aktie natürlich interessant: Geht´s weiter runter oder kommt morgen der Rebound?

[Stock-Fool]

@ peter73

Netease ist wohl erstmal aus dem Rennen ! Chinas Internet wird woh lzwischen Sohu & Sina aufgeteilt! Meiner Ansicht nach wird Sohu das Rennen machen, ist derzeit auc hgünstiger bewertet!

Gruß
S-F

[pokibeloki]

Heute ein gewaltiger Rebound von -5% auf am Schluß +3%. Zwischendurch bei fast +6%!! Es geht hoffentlich (wieder) aufwärts!

[pokibeloki]

Nix los hier? Rebound scheint vollzogen, Netease langsam wieder im Aufwind. Ist hier jemand investiert?

[Schonaj]

ja

[pokibeloki]

Biste der Einzige?

[pondos]

sind kräftig gestiegen die letzten tage.
hat jemand infos, wann kommen die zahlen?

[pondos]

Sina, Sohu, Netease
14.01.04 (www.asia-economy.de)

Die drei großen Internetportale haben in 2003 auf Grund von erhöhter Gewinnsteigerung auch höhere Steuern zu bezahlen. Diese beliefen sich für alle drei zusammen auf 100,41 Mill. Yuan, was einen Anstieg von 138 % gegenüber 2002 bedeutet. 14.01.04 (il)

[bullagainstbear]

Kennt jemand die neuesten Quartalszahlen?

[bullagainstbear]

Hat hier keiner diese Aktie und kennt die Quartalszahlen?

[434]

@All

Zahlen am 24.2.04 (Stockwatch.com)
Gruß
Uwe

[pondos]

etwas älter aber besser als nichts:


Netease.com initiated with "outperform"

Friday, January 30, 2004 9:41:51 AM ET
Bear Stearns

NEW YORK, January 30 (New Ratings) - Analysts at Bear Stearns initiate coverage of Netease.com (NTES) with an "outperform" rating. The target price is set to $66.


Quelle : www.newratings.com

[pondos]

Die Analysten von ThinkEquity bestätigen das Overweight Rating für Sina.com und NetEase und sehen die Kursziele für die beiden Aktien bei $55 respektive $60. Sina profitiere an einer starken Marktaufstellung in Chinas Internet- und Mobilfunk-Nachrichten-Markt und habe sowohl Konsumenten- als auch Firmenkunden. Sina sollte es möglich sein, stärker als der Gesamtmarkt zu wachsen. NetEase könne ebenfalls von einer starken Marktaufstellung profitieren und partizipiere an dem starken Wachstum im Online-Games-Sektor. Gleichzeitig könne NetEase sein Mobilfunk-Services und Online-Advertising-Geschäft weiter ausbauen. Zudem bewerten die Analysten Sohu.com erstmals mit „Equal-Weight“ und Kursziel $35.

Quelle: Börse-Go

[434]

@ALL
die Zahlen werdens bringen:Entweder den Gap-Schluß bei 50$-66$,oder das testen und vielleicht durchbrechen des 35$-Bodens.....
Gruß
Uwe

[pondos]

NetEase.com Reports Record Fourth Quarter and Fiscal Year 2003
18.02.04 (www.asia-economy.de)

Beijing-February 18, 2004)
2004/02/18 09:12:33

NetEase.com, Inc. (Nasdaq: NTES), one of China`s leading Internet, online game and wireless value-added services providers, today announced financial results for its fourth quarter and fiscal year ended December 31, 2003.

"Our strong performance in the fourth quarter has ended another outstanding year for NetEase, resulting in a second consecutive year of profit," said Ted Sun, Acting Chief Executive Officer of NetEase. "2003 was the year NetEase solidified its position as one of China`s leading online game providers, and with our wireless value-added and other e-commerce services and online advertising businesses also performing well, we believe that we are well positioned for another year of growth."

Financial Results

For the fourth quarter ended December 31, 2003, the Company reported total net revenues of RMB161.8 million (US$19.5 million), a 16.4% and 77.9% increase over total net revenues of RMB138.9 million (US$16.8 million) for the preceding quarter and RMB90.9 million (US$11.0 million) for the corresponding period in 2002, respectively. The Company reported net profit of RMB94.1 million (US$11.4 million), or US$0.36 per American Depositary Share (basic), a 11.9% and 118.3% increase over net profit of RMB84.1 million (US$10.2 million) for the preceding quarter and RMB43.1 million (US$5.2 million) for the corresponding period in 2002, respectively.

For the year ended December 31, 2003, the Company reported total net revenues of RMB542.1 million (US$65.5 million), a strong increase of 145.4% over total net revenues of RMB220.9 million (US$26.7 million) for the fiscal year 2002. For the fiscal year 2003, NetEase reported a gross profit and operating profit of RMB456.7 million (US$55.2 million) and RMB326.8 million (US$39.5 million), respectively, representing a substantial increase over gross profit of RMB149.3 million (US$18.0 million) and operating profit of RMB4.0 million (US$0.49 million) for the fiscal year 2002. The Company reported net profit of RMB322.9 million (US$39.0 million), or US$1.25 per American Depositary Share (basic), compared to the previous year`s net profit of RMB16.3 million (US$2.0 million).

For the fourth quarter ended December 31, 2003, online game services continued to grow steadily to RMB70.7 million (US$8.5 million), representing a 31.8% and 222.2% increase over RMB53.7 million (US$6.5 million) for the preceding quarter and RMB21.9 million (US$2.6 million) for the corresponding period a year ago, respectively. Strong growth in this revenue segment was largely due to the continued increase in popularity of the Company`s self-developed online game title, Westward Journey Online Version 2.0, which had approximately 1.6 million unique paying users for the month of December 2003.

Revenues from wireless value-added and other e-commerce services for the quarter were RMB64.6 million (US$7.8 million), representing a 8.4% increase over the preceding quarter`s RMB59.6 million (US$7.2 million) and a 13.0% increase over RMB57.2 million (US$6.9 million) for the corresponding period a year ago. This increase in revenues from wireless value-added and e-commerce services reflected ongoing demand for value-added services by Chinese mobile phone customers and positive response to new company offerings in this area.

Advertising revenues were RMB26.5 million (US$3.2 million), representing a 3.0% increase over the preceding quarter`s RMB25.7 million (US$3.1 million) and a 123.8% increase over RMB11.8 million (US$1.4 million) for the corresponding period a year ago.

The Company achieved gross profit in the fourth quarter of RMB136.2 million (US$16.5 million), increasing 12.4% over the previous quarter`s RMB121.2 million (US$14.6 million) and 95.7% over RMB69.6 million (US$8.4 million) for the corresponding period a year ago. Gross margins were at 84.2% in the fourth quarter.

Total operating expenses were RMB37.9 million (US$4.6 million), a 11.2% increase from the previous quarter`s RMB34.1 million (US$4.1 million) and a 23.8% increase from the corresponding period a year ago of RMB30.7 million (US$3.7 million). This rise was partly due to ongoing investments in both product development staffing and online game product development, as well as an increase in marketing spending. The Company reported an operating profit of RMB98.3 million (US$11.9 million) in the fourth quarter, representing a 12.9% and 152.2% increase over last quarter`s operating profit of RMB87.1 million (US$10.5 million) and RMB39.0 million (US$4.7 million) for the corresponding period last year, respectively.

The Company reported a net profit of RMB94.1 million (US$11.4 million) in the fourth quarter, an increase of 11.9% over the previous quarter`s net profit of RMB84.1 million (US$10.2 million) and 118.4% over RMB43.1 million (US$5.2 million) for the corresponding period a year ago. The Company`s net profit was affected by an increase in the effective tax rate during the fourth quarter, which was primarily due to a smaller deferred tax credit adjustment made in the fourth quarter as compared with the third quarter relating to tax losses carry forwards.

As of December 31, 2003, the Company`s total cash and held-to-maturity investments balance was RMB1.7 billion (US$204.0 million), a 5.9% increase from the previous quarter`s RMB1.6 billion (US$192.6 million). Cash flow generated from operating activities was approximately RMB104.9 million (US$12.7 million) during the quarter.

Commenting on the Company`s earnings, Ted Sun said, "In the fourth quarter, our growth was led by our online games division, which we expect will continue to be a major growth driver in 2004. Our first in-house developed game, Westward Journey Online Version 2.0, has met with much success in the Chinese market-it continues to rank among the most popular online games in China and has received numerous awards, including Top 10 Most Popular Domestic Developed Games by "China Game Industry Report 2003" sponsored by the General Administration of Press and Publication of the People`s Republic of China. At the end of the quarter we also launched a new in-house developed game, Fantasy Westward Journey. This game is targeted at a different demographic segment and geographic base than our other titles and initial results have been very encouraging. Our proven in-house online game development capabilities is a key strength for the Company and has given us an important early lead in this fast-growing sector."

"Our wireless value-added and other e-commerce business rebounded from last quarter, and our user base in this market is continuing to expand, due in part to new offerings and services made available during the quarter. While we expect the wireless value-added and other e-commerce related market in China to become increasingly competitive, we expect consumer demand to grow and we will continue to develop new and innovative services to attract users. The growth of advertising revenues was slow in the fourth quarter. However, advertising revenue showed good growth year-over-year, and will continue to be an important revenue driver for the Company in the coming year."

Denny Lee, NetEase`s Chief Financial Officer said, "NetEase continues to be on a very strong financial footing, with diversified revenue streams and positive operating cash flow. We will continue to invest in new products and services and our employee base, so as to maintain our leading position as one of the most innovative and profitable listed portals in China."

Ted Sun concluded, "We are optimistic about the Company`s prospects for growth going forward. We believe that NetEase`s strong market position in online advertising and wireless value-added services, combined with our offerings targeted to the fast growing online game industry in China will again benefit the Company in 2004."

Users of the NetEase Web sites continued to grow, with 167 million accumulated registered accounts at the end of the fourth quarter, an increase of 16.0% over the 144 million accounts at the end of the previous quarter and a 74.5% increase over the 95.7 million accounts at the same time a year ago.

** Note: The conversion of Renminbi (RMB) into U.S. dollars in this release is based on the exchange rate of US$1 = RMB8.2767. The percentages stated in this press release are calculated based on RMB.**
Contact:

Olive Wang
NetEase.com, Inc.
[e-mail]
8610-8518-0163x8243

09:03 (il)

quelle: asia-economy.de

[pondos]

der erste nach den zahlen


18.02.2004
Netease.com "outperform"
Piper Jaffray

Rating-Update:

Die Analysten von Piper Jaffray stufen die Aktien von Netease.com (ISIN US64110W1027/ WKN 501822) mit "outperform" ein.

[pondos]

Sina, Sohu, Netease - Rating Lehman Brother
23.02.04 (www.asia-economy.de)

Heute gab Lehman Brothers seine Einstufungen heraus:

Netease.com ``overweight`` The target price 61 US-$
Sohu.com ``equal weight`` The target price 31 US-$
Sina.com ``overweight`` The target price 58 US-$ 23.02.2004 (il)