NetEase Cloud Music Inc. (HK:9899)
:9899
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NetEase Cloud Music Inc.
(9899)
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Rating:67Neutral
Price Target:
HK$233.00
▲(74.92% Upside)
Action:ReiteratedDate:11/21/25
HK:9899 receives an overall stock score of 67, driven primarily by strong financial performance (score: 83, weight: 0.5) with exceptional balance sheet stability and profitability, though tempered by modest revenue growth. Weak technical momentum (score: 40, weight: 0.3) reflects a bearish trend, posing a significant risk. A reasonable valuation (score: 70, weight: 0.2) provides some support, but the lack of positive price trends remains a concern.
Positive Factors
Balance Sheet Strength
A strong equity base and low debt levels provide financial stability and flexibility, positioning the company well for future growth.
Negative Factors
Cash Flow Concerns
Lack of operating cash flow raises concerns about cash conversion efficiency, which could impact the company's ability to fund operations and growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
A strong equity base and low debt levels provide financial stability and flexibility, positioning the company well for future growth.
Read all positive factors
NetEase Cloud Music Inc. (9899) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$28.08B
Dividend YieldN/A
Average Volume (3M)590.28K
Price to Earnings (P/E)13.2
Beta (1Y)1.21
Revenue Growth-4.23%
EPS Growth108.65%
CountryHK
Employees1,359
SectorCommunication Services
Sector Strength97
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding217,916,120
10 Day Avg. Volume443,933
30 Day Avg. Volume590,279
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)2.20
Price to Sales (P/S)2.82
P/FCF Ratio12.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$238.00Price Target Upside78.68% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NetEase Cloud Music Inc. Business Overview & Revenue Model
Company Description
Cloud Village Inc., an investment holding company, engages in the operation of online platforms to provide music and social entertainment services in the People's Republic of China. The company offers music membership subscriptions, sublicensing o...
How the Company Makes Money
Cloud Music Inc. generates revenue through multiple streams. The primary revenue model is subscription fees from its premium service, where users pay a monthly fee for ad-free listening and additional features. A secondary revenue stream comes fro...
NetEase Cloud Music Inc. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
75
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.71B | 7.95B | 7.87B | 8.99B | 7.00B | 4.90B |
| Gross Profit | 2.65B | 2.68B | 2.10B | 1.29B | 142.67M | -595.34M |
| EBITDA | 1.40B | 1.15B | 787.37M | -356.13M | -1.34B | -1.50B |
| Net Income | 2.64B | 1.56B | 734.18M | -221.49M | -2.06B | -2.95B |
Balance Sheet | ||||||
| Total Assets | 15.29B | 13.58B | 11.61B | 10.89B | 9.39B | 8.06B |
| Cash, Cash Equivalents and Short-Term Investments | 11.03B | 10.22B | 9.51B | 9.11B | 6.62B | 4.79B |
| Total Debt | 5.91M | 6.47M | 6.36M | 8.40M | 10.51M | 11.16B |
| Total Liabilities | 3.17B | 3.40B | 3.17B | 3.07B | 2.01B | 13.36B |
| Stockholders Equity | 12.12B | 10.18B | 8.44B | 7.82B | 7.38B | -5.31B |
Cash Flow | ||||||
| Free Cash Flow | 1.19B | 1.77B | 183.51M | 1.82B | -947.91M | -990.02M |
| Operating Cash Flow | 1.19B | 1.77B | 189.05M | 1.84B | -908.41M | -969.46M |
| Investing Cash Flow | 23.13M | -1.94B | 1.23B | 158.59M | -3.86B | 3.41B |
| Financing Cash Flow | -4.23M | -62.06M | -307.68M | -2.91M | 2.61B | -320.95M |
NetEase Cloud Music Inc. Technical Analysis
Negative
133.20
Price Trends
155.44
Negative
174.26
Negative
219.20
Negative
Market Momentum
-7.55
Negative
39.14
Neutral
62.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9899, the sentiment is Negative. The current price of 133.2 is below the 20-day moving average (MA) of 137.22, below the 50-day MA of 155.44, and below the 200-day MA of 219.20, indicating a bearish trend. The MACD of -7.55 indicates Negative momentum. The RSI at 39.14 is Neutral, neither overbought nor oversold. The STOCH value of 62.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9899.
NetEase Cloud Music Inc. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$11.64B | 14.00 | 41.82% | ― | 42.31% | 21.65% | |
67 Neutral | HK$28.08B | 13.17 | 23.66% | ― | -4.23% | 108.65% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | HK$9.02B | 49.57 | 8.20% | ― | 22.86% | 5105.88% | |
54 Neutral | HK$32.27B | -22.29 | -13.37% | ― | 23.96% | 55.68% | |
52 Neutral | HK$3.94B | 24.36 | -8.12% | ― | 3.97% | -211.11% | |
42 Neutral | HK$5.98B | -27.95 | -66.11% | ― | -34.07% | -29.27% |
* Communication Services Sector Average
HK:9899
NetEase Cloud Music Inc.
133.20
2.50
1.91%
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NetEase Cloud Music Inc. Corporate Events
NetEase Cloud Music Grants Awards Under 2022 Plan
Nov 27, 2025
NetEase Cloud Music Inc. announced the grant of awards under its 2022 Restricted Share Unit Plan, using existing shares. The awards, granted to 12 eligible employee participants, will vest over a three-year period starting December 2025, contingen...
NetEase Cloud Music Sees Slight Revenue Dip in Q3 2025
Nov 20, 2025
NetEase Cloud Music, a subsidiary of NetEase, reported a slight decline in net revenues for the third quarter of 2025, amounting to RMB2.0 billion, a 1.8% decrease from the same period in 2024. Despite the revenue dip, the company’s gross pr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.