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MarketScreener Homepage  >  Equities  >  Nasdaq  >  NetEase, Inc.,    NTES

NETEASE, INC.,

(NTES)
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NetEase Details Social Efforts Its First ESG Report

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06/30/2020 | 05:09am EDT

By Farah Elias

NetEase Inc. issued its first environmental, social and governance report on Tuesday, offering some insight into the decision-making processes at the Nasdaq-listed Chinese company that recently held a secondary listing in Hong Kong.

"NetEase has always believed in the power of technology and the deep social responsibility that comes with it. As the company grew bigger...our social responsibilities also grew," Chief Executive William Ding said.

In the social space, the Chinese gaming giant said it has implemented anti-addiction systems in more than 80 online games, including time limits and in-game purchase limitations for minors. NetEase also participated in coronavirus relief efforts, including offering free online courses for Wuhan students and a 100 million yuan ($14.1 million) anti-virus fund.

NetEase has also taken environmental initiatives. These include sourcing physical servers from reputable manufacturers that meet energy-efficiency standards and cutting energy consumption at its offices by as much as 90%.

On governance, NetEase said it has six independent directors on its seven-member board. Its board committees are composed entirely of independent directors.

NetEase said it was one of three companies from China to be included in the 2020 Bloomberg Gender-Equality Index, which tracks the performance of companies committed to workplace gender equality.

 

Write to Farah Elias at farah.elias@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
NASDAQ COMP. 2.30% 10444.247633 Delayed Quote.13.76%
NETEASE, INC., 3.55% 446.32 Delayed Quote.40.53%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.70% 7.01558 Delayed Quote.1.55%
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Financials
Sales 2020 69 974 M 9 972 M 9 972 M
Net income 2020 14 263 M 2 033 M 2 033 M
Net cash 2020 70 077 M 9 987 M 9 987 M
P/E ratio 2020 28,1x
Yield 2020 0,98%
Capitalization 421 B 59 554 M 59 970 M
EV / Sales 2019
EV / Sales 2020 5,01x
Nbr of Employees -
Free-Float 100%
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Technical analysis trends NETEASE, INC.,
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 3 075,88 CNY
Last Close Price 3 044,81 CNY
Spread / Highest target 17,1%
Spread / Average Target 1,02%
Spread / Lowest Target -41,5%
EPS Revisions
Managers
NameTitle
Lei Ding Chief Executive Officer & Director
Zhao Xuan Yang Chief Financial Officer
Ting Bun Lee Independent Non-Executive Director
Sui Bau Tong Independent Non-Executive Director
Lun Feng Independent Non-Executive Director
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