<p><strong>網易公司</strong> (HKG:9999) 剛剛發佈了最新的季度財報，情況看起來樂觀。網易的收益超出預期，收入達到 310 億人民幣，法定每股收益比分析師的預期高出 19%。在結果公佈後，分析師們更新了他們的收益模型，瞭解他們是否認為公司的前景發生了顯著變化，或者一切如常，將是很有意義的。考慮到這一點，我們收集了最新的法定預測，以查看分析師們對明年的預期。</p>
<p>特朗普承諾要 “釋放” 美國的石油和天然氣，這 15 只美國股票的發展將受益。</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 收益和收入增長 2026 年 5 月 24 日</p>
<p>考慮到最新的結果，網易 30 位分析師的共識預測是 2026 年收入為 1213 億人民幣。這反映出與過去 12 個月相比，收入有合理的 6.1% 的增長。法定每股收益預計將上升 17%，達到 12.56 人民幣。在這份報告發布之前，分析師們曾預測 2026 年收入為 1207 億人民幣，每股收益（EPS）為 11.49 人民幣。因此，經過這些結果後，分析師們似乎對網易的收益潛力變得更加樂觀。</p>
<p>查看我們對網易的最新分析</p>
<p>共識價格目標保持在 250 港元沒有重大變化，這表明改善的每股收益前景不足以對股票的估值產生長期積極影響。不過，過於關注單一價格目標可能是不明智的，因為共識目標實際上是分析師價格目標的平均值。因此，一些投資者喜歡查看估計範圍，以瞭解對公司估值是否存在分歧意見。最樂觀的網易分析師給出的目標價為每股 309 港元，而最悲觀的則為 143 港元。這是一個相當廣泛的估計範圍，表明分析師們對公司的未來預期存在較大差異。</p>
<p>我們還可以從更大的背景來看待這些估計，例如這些預測與過去表現的對比，以及相對於行業內其他公司的預測是否更樂觀。根據分析師的説法，到 2026 年底的這一時期將保持相似，預計收入將以年均 8.2% 的速度增長。這與過去五年的 6.8% 的年增長率相符。與更廣泛的行業相比，分析師的整體估計表明，行業收入將年均增長 7.7%。因此，儘管預計網易將保持其收入增長率，但其增長速度僅與更廣泛的行業相當。</p>
<h2>結論</h2>
<p>我們最大的收穫是共識每股收益的上調，這表明對網易明年收益潛力的情緒明顯改善。令人欣慰的是，收入預測沒有實質性變化，業務仍然預計將與整體行業保持一致增長。共識價格目標沒有實質性變化，表明最新的估計沒有對業務的內在價值產生重大影響。</p>
<p>基於這一思路，我們認為業務的長期前景比明年的收益更為重要。在 Simply Wall St，我們有一系列針對網易的分析師估計，直到 2028 年，您可以在我們的平台上免費查看。</p>
<p>另一個需要考慮的因素是管理層和董事最近是否有買入或賣出股票。我們在平台上提供了過去 12 個月所有公開市場股票交易的概述。</p>
<h3>估值是複雜的，但我們在這裏為您簡化。</h3>
<p>通過我們的詳細分析，發現網易是否可能被低估或高估，分析內容包括 <strong>公允價值估計、潛在風險、股息、內部交易和財務狀況。</strong></p>
<p>訪問免費分析</p>

網易-S

<p>網易公司（HKG:9999）公佈的季度業績超出分析師預期，收入為 310 億元人民幣，每股收益增長 19%。分析師已修訂其預測，預計 2026 年的收入為 1213 億元人民幣，每股收益為 12.56 元，顯示出更樂觀的前景。然而，市場共識目標價保持不變，仍為 250 港元，反映出長期估值沒有顯著變化。網易的增長率與行業平均水平一致，暗示未來前景穩定</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>網易公司</strong> (HKG:9999) 剛剛發佈了最新的季度財報，情況看起來樂觀。網易的收益超出預期，收入達到 310 億人民幣，法定每股收益比分析師的預期高出 19%。在結果公佈後，分析師們更新了他們的收益模型，瞭解他們是否認為公司的前景發生了顯著變化，或者一切如常，將是很有意義的。考慮到這一點，我們收集了最新的法定預測，以查看分析師們對明年的預期。</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>特朗普承諾要 “釋放” 美國的石油和天然氣，這 15 只美國股票的發展將受益。</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 收益和收入增長 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>考慮到最新的結果，網易 30 位分析師的共識預測是 2026 年收入為 1213 億人民幣。這反映出與過去 12 個月相比，收入有合理的 6.1% 的增長。法定每股收益預計將上升 17%，達到 12.56 人民幣。在這份報告發布之前，分析師們曾預測 2026 年收入為 1207 億人民幣，每股收益（EPS）為 11.49 人民幣。因此，經過這些結果後，分析師們似乎對網易的收益潛力變得更加樂觀。</p>
</div><p>Check out our latest analysis for NetEase</p>
<div class="lb-trans"><p>查看我們對網易的最新分析</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>共識價格目標保持在 250 港元沒有重大變化，這表明改善的每股收益前景不足以對股票的估值產生長期積極影響。不過，過於關注單一價格目標可能是不明智的，因為共識目標實際上是分析師價格目標的平均值。因此，一些投資者喜歡查看估計範圍，以瞭解對公司估值是否存在分歧意見。最樂觀的網易分析師給出的目標價為每股 309 港元，而最悲觀的則為 143 港元。這是一個相當廣泛的估計範圍，表明分析師們對公司的未來預期存在較大差異。</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>我們還可以從更大的背景來看待這些估計，例如這些預測與過去表現的對比，以及相對於行業內其他公司的預測是否更樂觀。根據分析師的説法，到 2026 年底的這一時期將保持相似，預計收入將以年均 8.2% 的速度增長。這與過去五年的 6.8% 的年增長率相符。與更廣泛的行業相比，分析師的整體估計表明，行業收入將年均增長 7.7%。因此，儘管預計網易將保持其收入增長率，但其增長速度僅與更廣泛的行業相當。</p>
</div><h2>The Bottom Line</h2>
<div class="lb-trans"><h2>結論</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>我們最大的收穫是共識每股收益的上調，這表明對網易明年收益潛力的情緒明顯改善。令人欣慰的是，收入預測沒有實質性變化，業務仍然預計將與整體行業保持一致增長。共識價格目標沒有實質性變化，表明最新的估計沒有對業務的內在價值產生重大影響。</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>基於這一思路，我們認為業務的長期前景比明年的收益更為重要。在 Simply Wall St，我們有一系列針對網易的分析師估計，直到 2028 年，您可以在我們的平台上免費查看。</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>另一個需要考慮的因素是管理層和董事最近是否有買入或賣出股票。我們在平台上提供了過去 12 個月所有公開市場股票交易的概述。</p>
</div><h3>Valuation is complex, but we're here to simplify it.</h3>
<div class="lb-trans"><h3>估值是複雜的，但我們在這裏為您簡化。</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>通過我們的詳細分析，發現網易是否可能被低估或高估，分析內容包括 <strong>公允價值估計、潛在風險、股息、內部交易和財務狀況。</strong></p>
</div><p>Access Free Analysis</p>
<div class="lb-trans"><p>訪問免費分析</p>
</div>

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

- 網易公佈最新季度業績，營收達 310 億元，超出預期。  
- 分析師預計 2026 年營收為 1213 億元，增長 6.1%。  
- 盈利提升未顯著影響長期估值，目標價維持在 250 港元。

業績超預期：網易公司剛剛超出了分析師的預測，分析師們已經開始更新他們的模型