Chinese Cuisine Brand YGF Malatang Ventures into Brazil
Apr 23, 2024 02:21 PM
On May 18, NetEase announced its latest financials for Q1 2021, along with record-high revenue and net income.
Netease
Revenue had a year-on-year increase of 20.2% to CNY 20.5 billion.
The net profit attributable to shareholders of the company expanded to CNY 4.4 billion, a jump of 25.0% year-on-year.
Under non-GAAP, the net profit attributable to shareholders of the company swelled to CNY 5.1 billion.
The net income of online game services achieved CNY 15 billion, a growth of 10.8% year-on-year, with a gross profit margin improved from 64.1% to 64.6%.
Net revenue of Youdao surged 147.5% year-on-year to CNY 1.3 billion with gross margin boosted from 43.5% to 57.3%.
The net income of innovation and other businesses was CNY 4.2 billion, which extended 39.7% year-on-year with gross margin dipped from 15.8% to 14.4%
Total operating expenses were CNY 6.7 billion compared to CNY 6.9 billion and CNY 4.9 billion for Q4 2020 and Q1 2020, respectively.
Chinese Cuisine Brand YGF Malatang Ventures into Brazil
Apr 23, 2024 02:21 PM