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Leidi Network, Lei Jianping, April 15
NetEase today released its 20-F filing, which shows that the director and CEO of NetEase is Lei Ding, and the independent directors are Zheng Yufen, Tang Hui, Tang Ziqi, Chen Juezhong, and Liang Minjie. The general counsel is Paul W. Boltz, Jr., and the vice president of finance is Mo Bin.
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As of February 28, 2026, Lei Ding holds a total of 1,450,300,000 shares, with a shareholding ratio of 45.5%, making him the absolute major shareholder.
As of today's close, the stock price of NetEase on the Hong Kong stock market is HKD 177.7, with a market capitalization of HKD 562.6 billion. Based on this calculation, Lei Ding's net worth reaches HKD 255.9 billion (approximately CNY 222.8 billion).
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As of February 28, 2026, the equity structure of NetEase
Alice Cheng holds 188,050 shares, Joseph Tong holds 75,000 shares;
Johnny Chan holds 1,500 shares, Michael Leung holds 62,600 shares, and Paul W. Boltz, Jr. holds 111,115 shares.
The NetEase board has just declared a dividend for the fourth quarter of 2025, at USD 0.232 per share (USD 1.16 per American Depositary Share). NetEase has already distributed the dividend for the third quarter of 2025 in December 2025, at USD 0.114 per share (USD 0.57 per ADS).
The dividend for the first quarter of 2025 is USD 0.1350 per share (USD 0.6750 per ADS), and the second quarter dividend is USD 0.1140 per share (USD 0.5700 per ADS).
Based on this calculation, NetEase's total dividend per share for the year amounts to USD 0.595, and with Lei Ding holding 1.45 billion shares, he will receive a total dividend of USD 863 million (approximately CNY 5.886 billion)
NetEase has a total of 25,382 employees.
NetEase currently holds a 56.6% stake in Youdao and a 61.6% stake in Cloud Music.
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As of December 31, 2023, 2024, and 2025, NetEase has 29,128, 26,028, and 25,382 full-time employees, respectively.
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Among them, as of December 31, 2025, there are 16,074 employees in NetEase Games and related value-added services, 3,595 employees in Youdao, 1,288 employees in Cloud Music, and 4,425 employees in innovation and other businesses.
NetEase Games continues to face turmoil as Ding Yingfeng has just left.
The annual report shows that NetEase's revenue for 2023, 2024, and 2025 is expected to be 103.468 billion, 105.295 billion, and 112.626 billion yuan (approximately 16.1 billion USD); gross profit is expected to be 63.063 billion, 65.8 billion, and 72.4 billion yuan (approximately 10.35 billion USD).
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NetEase's operating profit for 2023, 2024, and 2025 is expected to be 27.7 billion, 29.584 billion, and 35.835 billion yuan (approximately 5.124 billion USD); net profit is expected to be 29.357 billion, 30.256 billion, and 34.8 billion yuan (approximately 4.976 billion USD).
Among them, NetEase's revenue for the fourth quarter of 2025 is expected to be 27.5 billion yuan (approximately 3.9 billion USD), an increase of 3% compared to 26.7 billion yuan in the same period last year, and a decrease of 3% compared to 28.4 billion yuan in the previous quarter.
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NetEase's net income from games and related value-added services for the fourth quarter of 2025 is expected to be 22 billion yuan (3.1 billion USD), an increase of 4% compared to 21.2 billion yuan in the same period last year, and a decrease of 5.6% compared to 23.3 billion yuan in the previous quarter
NetEase stated that the decrease in net revenue from online games quarter-on-quarter was mainly due to a higher number of summer activities in the previous quarter. The year-on-year increase came from the PC version of &#34;Fantasy Westward Journey,&#34; as well as the net revenue growth of self-developed games such as &#34;Yanyun Sixteen Sounds&#34; and &#34;Marvel Duel&#34; that were newly launched.
Since 2025, there has been significant turmoil within NetEase Games. On October 17, 2025, the producer of NetEase's &#34;Beyond the World,&#34; Xuanzi, left due to disagreements over position adjustments. On October 22, Li Kaiming, head of NetEase Interactive Entertainment's Tenth Division, also left. Li Kaiming was a veteran who created &#34;On the Shores of the Earth&#34; and &#34;Endless Lagrange,&#34; ending his 12-year career at NetEase.
Jin Tao, head of NetEase's &#34;Onmyoji&#34; division and known as the &#34;father of Onmyoji,&#34; also left around the same time. Over the years at NetEase, Jin Tao led the development of two blockbuster games, &#34;Onmyoji&#34; and &#34;Harry Potter: Magic Awakened.&#34;
In December 2025, Ding Yingfeng, Executive Vice President of NetEase and head of the Interactive Entertainment Division (part of NetEase's online gaming department), retired.
According to information, Ding Yingfeng joined NetEase in 2002, responsible for the research and development and operations of the NetEase Interactive Entertainment Group; he served as Vice President of NetEase Group from 2011 to 2016, overseeing product development, operations, and management of the online gaming department.
Since 2016, Ding Yingfeng has served as Executive Vice President of NetEase Group, overseeing the Interactive Entertainment Division of NetEase's online games. Since joining NetEase in 2002, Ding Yingfeng has also led the design and development of several iconic products, including &#34;Fantasy Westward Journey.&#34;
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According to documents submitted by NetEase to the U.S. SEC, Executive Vice President Ding Yingfeng sold 41,287 shares on March 3, 2025, cashing out $4.1171 million (approximately 30.01 million yuan).
In January 2026, Lin Yunfeng, head of NetEase Interactive Entertainment's Fantasy Division, left. Lin Yunfeng was the second chief planner and producer of &#34;Fantasy Westward Journey&#34; and had served as the head of the division since 2015. With Lin Yunfeng's departure, the mobile game team of &#34;Fantasy Westward Journey&#34; has been merged into the Sea God Division, managed uniformly by producer Chen Junxiong. Wu Weicong (a newcomer) took over as head of the Fantasy Division, responsible for the PC game project.
As some left, others were promoted. At the end of March 2025, NetEase conducted a significant round of personnel appointments, promoting former Senior Vice President and head of the Leihuo Group, Hu Zhipeng, to Executive Vice President of the Group, and former Vice President of the Group and Co-President of the Leihuo Group, Cheng Long, to Senior Vice President of the Group.
Total shareholder equity: 165 billion
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As of December 31, 2025, NetEase's total assets amounted to 221.415 billion yuan (approximately 31.662 billion USD), of which current assets were 180.615 billion yuan (approximately 25.828 billion USD) and non-current assets were 40.8 billion yuan (approximately 5.834 billion USD).
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As of December 31, 2025, NetEase's total liabilities were 56.3 billion yuan (approximately 8.05 billion USD), of which total current liabilities were 52.368 billion yuan (approximately 7.489 billion USD) and non-current liabilities were 3.942 billion yuan (approximately 564 million USD).
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As of December 31, 2025, NetEase's total shareholders' equity was 165 billion yuan (approximately 23.6 billion USD).
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NTES

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NetEase today released its 20-F filing, showing that CEO Ding Lei holds 45.5% of the shares, with a net worth of 222.8 billion yuan and dividends exceeding 5 billion yuan. Ding Lei owns 1,450,300,000 shares, and NetEase's market value is HKD 562.6 billion, with a stock price of HKD 177.7. The dividend for 2025 is USD 0.595 per share, and Ding Lei will receive a total dividend of USD 863 million. NetEase has 25,382 employees and holds 56.6% of Youdao and 61.6% of Cloud Music

- NetEase filed its 20-F document showing CEO and Board member William Ding holds 45.5% of shares, totaling 1.45 billion shares.  
- As of April 15, 2026, NetEase's stock closed at HK$177.7, with a market capitalization of HK$562.6 billion, resulting in Ding's net worth of approximately HK$255.9 billion.  
- In 2025, NetEase's total revenue was around 112.6 billion yuan, with a net profit of approximately 34.8 billion yuan, amid significant staff turnover in its gaming division.

雷帝触网

NetEase equity exposure: Ding Lei holds 45.5% of the shares, with a net worth of 222.8 billion, receiving over 5 billion in dividends in a year