<p><strong>网易公司</strong> (HKG:9999) 刚刚发布了最新的季度财报，情况看起来乐观。网易的收益超出预期，收入达到 310 亿人民币，法定每股收益比分析师的预期高出 19%。在结果公布后，分析师们更新了他们的收益模型，了解他们是否认为公司的前景发生了显著变化，或者一切如常，将是很有意义的。考虑到这一点，我们收集了最新的法定预测，以查看分析师们对明年的预期。</p>
<p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展将受益。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/416512-earnings-and-revenue-growth-1-dark-2/1779580875520?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1642" height="1048" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/416512-earnings-and-revenue-growth-1-dark-2/1779580875520"/></p>
<p>SEHK:9999 收益和收入增长 2026 年 5 月 24 日</p>
<p>考虑到最新的结果，网易 30 位分析师的共识预测是 2026 年收入为 1213 亿人民币。这反映出与过去 12 个月相比，收入有合理的 6.1% 的增长。法定每股收益预计将上升 17%，达到 12.56 人民币。在这份报告发布之前，分析师们曾预测 2026 年收入为 1207 亿人民币，每股收益（EPS）为 11.49 人民币。因此，经过这些结果后，分析师们似乎对网易的收益潜力变得更加乐观。</p>
<p>查看我们对网易的最新分析</p>
<p>共识价格目标保持在 250 港元没有重大变化，这表明改善的每股收益前景不足以对股票的估值产生长期积极影响。不过，过于关注单一价格目标可能是不明智的，因为共识目标实际上是分析师价格目标的平均值。因此，一些投资者喜欢查看估计范围，以了解对公司估值是否存在分歧意见。最乐观的网易分析师给出的目标价为每股 309 港元，而最悲观的则为 143 港元。这是一个相当广泛的估计范围，表明分析师们对公司的未来预期存在较大差异。</p>
<p>我们还可以从更大的背景来看待这些估计，例如这些预测与过去表现的对比，以及相对于行业内其他公司的预测是否更乐观。根据分析师的说法，到 2026 年底的这一时期将保持相似，预计收入将以年均 8.2% 的速度增长。这与过去五年的 6.8% 的年增长率相符。与更广泛的行业相比，分析师的整体估计表明，行业收入将年均增长 7.7%。因此，尽管预计网易将保持其收入增长率，但其增长速度仅与更广泛的行业相当。</p>
<h2>结论</h2>
<p>我们最大的收获是共识每股收益的上调，这表明对网易明年收益潜力的情绪明显改善。令人欣慰的是，收入预测没有实质性变化，业务仍然预计将与整体行业保持一致增长。共识价格目标没有实质性变化，表明最新的估计没有对业务的内在价值产生重大影响。</p>
<p>基于这一思路，我们认为业务的长期前景比明年的收益更为重要。在 Simply Wall St，我们有一系列针对网易的分析师估计，直到 2028 年，您可以在我们的平台上免费查看。</p>
<p>另一个需要考虑的因素是管理层和董事最近是否有买入或卖出股票。我们在平台上提供了过去 12 个月所有公开市场股票交易的概述。</p>
<h3>估值是复杂的，但我们在这里为您简化。</h3>
<p>通过我们的详细分析，发现网易是否可能被低估或高估，分析内容包括 <strong>公允价值估计、潜在风险、股息、内部交易和财务状况。</strong></p>
<p>访问免费分析</p>

网易-S

<p>网易公司（HKG:9999）公布的季度业绩超出分析师预期，收入为 310 亿元人民币，每股收益增长 19%。分析师已修订其预测，预计 2026 年的收入为 1213 亿元人民币，每股收益为 12.56 元，显示出更乐观的前景。然而，市场共识目标价保持不变，仍为 250 港元，反映出长期估值没有显著变化。网易的增长率与行业平均水平一致，暗示未来前景稳定</p>

<p><strong>NetEase, Inc.</strong> (HKG:9999) just released its latest quarterly results and things are looking bullish. NetEase beat earnings, with revenues hitting CN¥31b, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 19%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.</p>
<div class="lb-trans"><p><strong>网易公司</strong> (HKG:9999) 刚刚发布了最新的季度财报，情况看起来乐观。网易的收益超出预期，收入达到 310 亿人民币，法定每股收益比分析师的预期高出 19%。在结果公布后，分析师们更新了他们的收益模型，了解他们是否认为公司的前景发生了显著变化，或者一切如常，将是很有意义的。考虑到这一点，我们收集了最新的法定预测，以查看分析师们对明年的预期。</p>
</div><p>Trump has pledged to &#34;unleash&#34; American oil and gas and these 15 US stocks have developments that are poised to benefit.</p>
<div class="lb-trans"><p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展将受益。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/416512-earnings-and-revenue-growth-1-dark-2/1779580875520" alt="" original-src="https://images.simplywall.st/asset/chart/416512-earnings-and-revenue-growth-1-dark-2/1779580875520"/></p>
<p>SEHK:9999 Earnings and Revenue Growth May 24th 2026</p>
<div class="lb-trans"><p>SEHK:9999 收益和收入增长 2026 年 5 月 24 日</p>
</div><p>Taking into account the latest results, the consensus forecast from NetEase's 30 analysts is for revenues of CN¥121.3b in 2026. This reflects a reasonable 6.1% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to ascend 17% to CN¥12.56. In the lead-up to this report, the analysts had been modelling revenues of CN¥120.7b and earnings per share (EPS) of CN¥11.49 in 2026. So the consensus seems to have become somewhat more optimistic on NetEase's earnings potential following these results.</p>
<div class="lb-trans"><p>考虑到最新的结果，网易 30 位分析师的共识预测是 2026 年收入为 1213 亿人民币。这反映出与过去 12 个月相比，收入有合理的 6.1% 的增长。法定每股收益预计将上升 17%，达到 12.56 人民币。在这份报告发布之前，分析师们曾预测 2026 年收入为 1207 亿人民币，每股收益（EPS）为 11.49 人民币。因此，经过这些结果后，分析师们似乎对网易的收益潜力变得更加乐观。</p>
</div><p>Check out our latest analysis for NetEase</p>
<div class="lb-trans"><p>查看我们对网易的最新分析</p>
</div><p>There's been no major changes to the consensus price target of HK$250, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic NetEase analyst has a price target of HK$309 per share, while the most pessimistic values it at HK$143. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.</p>
<div class="lb-trans"><p>共识价格目标保持在 250 港元没有重大变化，这表明改善的每股收益前景不足以对股票的估值产生长期积极影响。不过，过于关注单一价格目标可能是不明智的，因为共识目标实际上是分析师价格目标的平均值。因此，一些投资者喜欢查看估计范围，以了解对公司估值是否存在分歧意见。最乐观的网易分析师给出的目标价为每股 309 港元，而最悲观的则为 143 港元。这是一个相当广泛的估计范围，表明分析师们对公司的未来预期存在较大差异。</p>
</div><p>Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 8.2% growth on an annualised basis. That is in line with its 6.8% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 7.7% annually. So although NetEase is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider industry.</p>
<div class="lb-trans"><p>我们还可以从更大的背景来看待这些估计，例如这些预测与过去表现的对比，以及相对于行业内其他公司的预测是否更乐观。根据分析师的说法，到 2026 年底的这一时期将保持相似，预计收入将以年均 8.2% 的速度增长。这与过去五年的 6.8% 的年增长率相符。与更广泛的行业相比，分析师的整体估计表明，行业收入将年均增长 7.7%。因此，尽管预计网易将保持其收入增长率，但其增长速度仅与更广泛的行业相当。</p>
</div><h2>The Bottom Line</h2>
<div class="lb-trans"><h2>结论</h2>
</div><p>The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around NetEase's earnings potential next year. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.</p>
<div class="lb-trans"><p>我们最大的收获是共识每股收益的上调，这表明对网易明年收益潜力的情绪明显改善。令人欣慰的是，收入预测没有实质性变化，业务仍然预计将与整体行业保持一致增长。共识价格目标没有实质性变化，表明最新的估计没有对业务的内在价值产生重大影响。</p>
</div><p>Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for NetEase going out to 2028, and you can see them free on our platform here..</p>
<div class="lb-trans"><p>基于这一思路，我们认为业务的长期前景比明年的收益更为重要。在 Simply Wall St，我们有一系列针对网易的分析师估计，直到 2028 年，您可以在我们的平台上免费查看。</p>
</div><p>Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here.</p>
<div class="lb-trans"><p>另一个需要考虑的因素是管理层和董事最近是否有买入或卖出股票。我们在平台上提供了过去 12 个月所有公开市场股票交易的概述。</p>
</div><h3>Valuation is complex, but we're here to simplify it.</h3>
<div class="lb-trans"><h3>估值是复杂的，但我们在这里为您简化。</h3>
</div><p>Discover if NetEase might be undervalued or overvalued with our detailed analysis, featuring <strong>fair value estimates, potential risks, dividends, insider trades, and its financial condition.</strong></p>
<div class="lb-trans"><p>通过我们的详细分析，发现网易是否可能被低估或高估，分析内容包括 <strong>公允价值估计、潜在风险、股息、内部交易和财务状况。</strong></p>
</div><p>Access Free Analysis</p>
<div class="lb-trans"><p>访问免费分析</p>
</div>

Earnings Beat: NetEase, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

- 网易公布最新季度业绩，营收达 310 亿元，超出预期。  
- 分析师预计 2026 年营收为 1213 亿元，增长 6.1%。  
- 盈利提升未显著影响长期估值，目标价维持在 250 港元。

业绩超预期：网易公司刚刚超出了分析师的预测，分析师们已经开始更新他们的模型