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Strategies & Market Trends : Greater China Stocks

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From: Julius Wong	2/15/2017 9:29:11 PM
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NetEase +6% after Q4 beat on strong revenue gains NetEase ( NTES +2.2%) has picked up 6% after hours as its Q4 earnings easily beat expectations with sharp revenue gains for the quarter and the year. Mobile games were the key strength, and the company introduced more than 40 new titles last year. Growth in gross profits came from revenue contributions in mobile games including Onmyoji and New Ghost, as well as its licensed versions of Blizzard's Overwatch and World of Warcraft. Revenue breakout: Online game services, 8.96B yuan (up 63%); Advertising services, 664.8M yuan (up 9.2%); E-mail, e-commerce and others, 2.48B yuan (up 38.1%). Gross profit margin for online games was 60.7%, down from the prior year's 67.2%, thanks to an increase in the mix from lower-margin mobile and licensed games.

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