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Consolidated Balance Sheets
¥ in Thousands, $ in Thousands
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 47,167,904 $ 6,744,921 ¥ 51,383,310
Time deposits 92,639,378 13,247,255 75,441,355
Restricted cash 4,319,344 617,658 3,086,405
Accounts receivable, net 5,337,819 763,298 5,669,027
Inventories 689,183 98,552 571,548
Prepayments and other current assets, net 7,658,346 1,095,128 6,416,868
Short-term investments 22,803,503 3,260,858 10,756,143
Total current assets 180,615,477 25,827,670 153,324,656
Non-current assets:      
Property, equipment and software, net 8,425,327 1,204,806 8,520,101
Land use rights, net 4,047,355 578,764 4,172,465
Operating lease right-of-use assets, net 320,298 45,802 541,071
Deferred tax assets 2,831,423 404,888 1,113,435
Time deposits 2,995,000 428,279 3,025,000
Restricted cash 3,893 557 5,208
Long-term investments 18,462,883 2,640,157 20,206,356
Other long-term assets 3,713,404 531,009 5,083,258
Total non-current assets 40,799,583 5,834,262 42,666,894
Total assets 221,415,060 31,661,932 195,991,550
Current liabilities:      
Accounts payable 643,164 91,971 720,549
Salary and welfare payables 4,889,708 699,219 4,683,009
Taxes payable 3,874,143 553,996 2,759,185
Short-term loans 6,384,417 912,959 11,805,051
Contract liabilities 20,514,540 2,933,540 15,299,222
Accrued liabilities and other payables 15,949,772 2,280,787 14,229,032
Short-term operating lease liabilities 113,212 16,189 171,609
Total current liabilities 52,368,956 7,488,661 49,667,657
Non-current liabilities:      
Deferred tax liabilities 2,637,258 377,123 2,173,117
Long-term operating lease liabilities 232,113 33,192 412,600
Long-term loans     427,997
Other long-term liabilities 1,072,724 153,397 816,041
Total non-current liabilities 3,942,095 563,712 3,829,755
Total liabilities 56,311,051 8,052,373 53,497,412
Commitments and contingencies
Redeemable noncontrolling interests 91,319 13,058 84,272
Shareholders' equity:      
Ordinary shares, US$0.0001 par value: 1,000,300,000,000 shares authorized, 3,219,564,581 shares issued as of December 31, 2024 and 2025; 3,167,959,016 and 3,192,111,251 shares outstanding as of December 31, 2024 and 2025, respectively 2,631 376 2,631
Additional paid-in capital 9,837,460 1,406,738 9,860,962
Treasury stock (1,518,573) (217,153) (4,473,063)
Statutory reserves 2,457,371 351,400 1,954,872
Accumulated other comprehensive income/(loss) (237,770) (34,001) 1,006,807
Retained earnings 149,755,000 21,414,680 130,333,397
NetEase, Inc.'s shareholders' equity 160,296,119 22,922,040 138,685,606
Noncontrolling interests 4,716,571 674,461 3,724,260
Total equity 165,012,690 23,596,501 142,409,866
Total liabilities, redeemable noncontrolling interests and shareholders' equity ¥ 221,415,060 $ 31,661,932 ¥ 195,991,550