No Data
[Brokerage Focus] CCB International maintains a "Buy" rating on NetEase Cloud Music (09899), indicating that its FY24 performance meets expectations.
Jinwu Financial News | Zhuyin International's Research Reports indicate that NetEase Cloud Music (09899) announced its FY24 performance: FY24 total revenue increased by 1% year-on-year to 7.95 billion yuan, in line with consensus expectations; FY24 adjusted Net income grew by 108% year-on-year to 1.7 billion yuan, exceeding consensus expectations by 20%, mainly due to improved profitability in the online music business and effective control of operating expenses. Looking ahead to FY25, the company will continue to focus on enhancing user experience to unlock long-term growth potential. Considering the company's strict cost control and steady rise in gross margin, the firm will project FY25-26 earnings.
NetEase Cloud Music Inc. Just Beat EPS By 16%: Here's What Analysts Think Will Happen Next
Jefferies Adjusts Cloud Music's Price Target to HK$190 From HK$110, Keeps at Buy
[Hong Kong Stock Connect] NetEase Cloud Music (09899) rose 7.47% after earnings, last year's net profit increased by 1.12 times year-on-year.
Jinguo Finance | NetEase Cloud Music (09899) strengthened after earnings, as of the time of writing, up 7.47%, at 155.4 Hong Kong dollars, with a transaction volume of 59.54 million Hong Kong dollars. In the news, NetEase Cloud Music announced its annual results for the year ending December 31, 2024. During the period, the profit attributable to the company's equity holders was 1.562 billion yuan (RMB, the same below), a year-on-year increase of 112.69%; the basic earnings per share were 7.48 yuan, compared to 3.49 yuan in the same period last year. The company's gross margin increased from 26.7% in 2023 to 33.7%, and the adjusted net income from 2023 in RMB.
Announcement Highlights | Alibaba's revenue in the last quarter increased by 8% year-on-year; "Snow King" has started its IPO! The stock is priced at HKD 202.5 per share.
In the last quarter, Alibaba's Net income increased by over 300%; CHINA RES POWER's photovoltaic sales volume in January rose by 45%.
NetEase Cloud Music's net income more than doubled year-on-year last year and has now integrated with the DeepSeek-R1 large model | Interpretations
1. NetEase Cloud Music's core Business performance in 2024 significantly improved, with Net income increasing by 107.7%; 2. NetEase Cloud Music stated that it will launch content services based on the DeepSeek-R1 large model, integrating its own AI technical capabilities.
