NTES » Topics » Other Information

This excerpt taken from the NTES 6-K filed Nov 19, 2009.

Other Information

As of September 30, 2009, the Company’s cash and time deposits totaled RMB6.4 billion (US$939.1 million), compared to RMB5.6 billion (US$822.3 million) as of December 31, 2008. In addition, the Company had a restricted cash balance of RMB82.0 million (US$12.0 million), representing a security deposit placed with a court in Guangzhou, China during the second quarter of 2009 in connection with certain arbitration proceedings against the property developer of an office building located in Guangzhou, China, which is occupied by the Company.

Cash flows generated from operating activities totaled RMB270.0 million (US$39.5 million) for the third quarter of 2009, compared to RMB544.4 million (US$79.7 million) and RMB495.5 million (US$72.6 million) for the preceding quarter and the third quarter of 2008, respectively.

On September 12, 2008, the Company’s Board authorized a share repurchase program of up to US$100 million of the Company's outstanding ADSs for a period not to exceed one year. As of September 11, 2009 when the share repurchase program ended, the Company had spent in aggregate a total purchase consideration of approximately US$13.1 million (including transaction costs).

** The United States dollar (US$) amounts disclosed in this press release are presented solely for the convenience of the reader. Translations of amounts from RMB into United States dollars for the convenience of the reader were calculated at the noon buying rate of US$1.00 = RMB6.8262 on September 30, 2009 in The City of New York for the cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at that rate on September 30, 2009, or at any other certain date. The percentages stated are calculated based on RMB.

This excerpt taken from the NTES 6-K filed Aug 13, 2009.

Other Information

As of June 30, 2009, the Company’s cash and time deposits totaled RMB6.2 billion (US$909.4 million), compared to RMB5.6 billion (US$821.9 million) as of December 31, 2008. In addition, the Company had a restricted cash balance of RMB82.0 million (US$12.0 million), representing a security deposit placed with a court in Guangzhou, China in connection with certain arbitration proceedings against the property developer of the office building located in Guangzhou, China, which is occupied by the Company. The Company

 

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and Mr. Ding agreed that Mr. Ding would initiate such arbitration due to the property developer’s failure to complete registration for the transfer of title to the property to Mr. Ding who has agreed to on-sell the property to NetEase at cost and the property developer’s mortgaging of the property in contravention of its agreement with Mr. Ding. The arbitration proceedings are currently in the preliminary stage.

Cash flows generated from operating activities totaled RMB544.4 million (US$79.7 million) for the second quarter of 2009, compared to RMB567.8 million (US$83.1 million) and RMB513.3 million (US$75.2 million) for the preceding quarter and the second quarter of 2008, respectively.

On September 12, 2008, the Company’s Board authorized a share repurchase program of up to US$100 million of the Company’s outstanding ADSs for a period not to exceed one year. As of June 30, 2009, the Company had spent in aggregate a total purchase consideration of approximately US$13.1 million (including transaction costs).

** The United States dollar (US$) amounts disclosed in this press release are presented solely for the convenience of the reader. Translations of amounts from RMB into United States dollars for the convenience of the reader were calculated at the noon buying rate of US$1.00 = RMB6.8302 on June 30, 2009 in The City of New York for the cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at that rate on June 30, 2009, or at any other certain date. The percentages stated are calculated based on RMB.

This excerpt taken from the NTES 6-K filed May 20, 2009.

Other Information

As of March 31, 2009, the Company’s cash and time deposits totaled RMB6.0 billion (US$882.6 million), compared to RMB5.6 billion (US$821.5 million) as of December 31, 2008. In addition, the Company had a restricted cash balance of RMB82.0 million (US$12.0 million), representing a security deposit placed with a court in Guangzhou, China in connection with certain arbitration proceedings against the property developer of the office building located in Guangzhou, China, which is occupied by the Company. The Company and Mr. Ding agreed that Mr. Ding would initiate such arbitration due to the property developer’s failure to complete registration for the transfer of title to the property to Mr. Ding who has agreed to on-sell the property to NetEase at cost and the property developer’s mortgaging of the property in contravention of its agreement with Mr. Ding. The arbitration proceedings are currently in the preliminary stage.

Cash flows generated from operating activities totaled RMB567.8 million (US$83.1 million) for the first quarter of 2009, compared to RMB514.0 million (US$75.2 million) and RMB495.0 million (US$72.4 million) for the fourth and first quarters of 2008, respectively.

On September 12, 2008, the Company’s Board authorized a new share repurchase program of up to US$100 million of the Company’s outstanding ADSs for a period not to exceed one year. As of March 31, 2009, the Company had spent in aggregate a total purchase consideration of approximately US$13.1 million (including transaction costs).

 

** The United States dollar (US$) amounts disclosed in this press release are presented solely for the convenience of the reader. Translations of amounts from RMB into United States dollars for the convenience of the reader were calculated at the noon buying rate of US$1.00 = RMB6.8329 on March 31, 2009 in The City of New York for the cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at that rate on March 31, 2009, or at any other certain date. The percentages stated are calculated based on RMB.

 

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This excerpt taken from the NTES 6-K filed Feb 26, 2009.

Other Information

As of December 31, 2008, the Company’s total cash and time deposit balance was RMB5.6 billion (US$822.8 million), compared to RMB4.2 billion (US$609.5 million) as of December 31, 2007. Cash flow generated from operating activities was RMB514.0 million (US$75.3 million) for the fourth quarter of 2008, compared to RMB495.5 million (US$72.7 million) and RMB426.6 million (US$62.5 million) for the preceding quarter and the fourth quarter of 2007, respectively.

On September 12, 2008, the Company’s Board authorized a new share repurchase program of up to US$100 million of the Company’s outstanding ADSs for a period not to exceed one year. As of December 31, 2008, the Company has spent in aggregate a total purchase consideration of approximately US$13.1 million (including transaction costs).

This excerpt taken from the NTES 6-K filed Nov 13, 2008.

Other Information

As of September 30, 2008, the Company’s total cash and time deposit balance was RMB5.28 billion (US$777.5 million), compared to RMB4.16 billion (US$612.5 million) as of December 31, 2007. Cash flow generated from operating activities was approximately RMB495.5 million (US$73.0 million) for the third quarter of 2008, compared to RMB513.3 million (US$75.6 million) and RMB339.2 million (US$50.0 million) for the preceding quarter and the third quarter of 2007, respectively.

On September 12, 2008, the Company’s Board authorized a new share repurchase program of up to US$100 million of the Company's outstanding ADSs for a period not to exceed one year. The authorization followed NetEase’s completion of a 12-month share repurchase program previously announced on July 2, 2007. As of September 30, 2008, the Company has spent in aggregate a total purchase consideration of approximately US$63,000 (including transaction costs).

 

 

** The United States dollar (US$) amounts disclosed in this press release are presented solely for the convenience of the reader. Translations of amounts from RMB into United States dollars for the convenience of the reader were calculated at the noon buying rate of US$1.00 = RMB6.7899 on September 30, 2008 in The City of New York for the cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at that rate on September 30, 2008, or at any other certain date. The percentages stated are calculated based on RMB.

 

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This excerpt taken from the NTES 6-K filed Aug 14, 2008.

Other Information

As of June 30, 2008, the Company’s total cash and time deposit balance was RMB4.96 billion (US$722.4 million), compared to RMB4.16 billion (US$606.3 million) as of December 31, 2007. Cash flow generated from operating activities was approximately RMB513.3 million (US$74.8 million) for the second quarter of 2008, compared to RMB495.0 million (US$72.2 million) and RMB331.0 million (US$48.3 million) for the preceding quarter and the second quarter of 2007, respectively.

On July 2, 2007, the Company’s Board authorized a share repurchase program of up to US$120 million of the Company’s outstanding ADSs. As of July 1, 2008, the Company had spent in aggregate a total purchase consideration of approximately US$46.4 million (including transaction costs). The share repurchase program ended on July 1, 2008.

By July 11, 2008, the Company’s outstanding zero-coupon convertible subordinated notes due July 15, 2023 (the “Notes”) totaling US$63.4 million as of June 30, 2008 were fully converted at the request of the noteholders pursuant to a redemption notice issued by the Company to the noteholders dated June 13, 2008. In the redemption notice, the Company called for the redemption of the Notes, and noteholders might surrender their notes for conversion at any time before the close of business on July 11, 2008 at the conversion price of US$0.4815 per ordinary share.

** The United States dollar (US$) amounts disclosed in this press release are presented solely for the convenience of the reader. Translations of amounts from RMB into United States dollars for the convenience of the reader were calculated at the noon buying rate of US$1.00 = RMB6.8591 on June 30, 2008 in The City of New York for the cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at that rate on June 30, 2008, or at any other certain date. The percentages stated are calculated based on RMB.

This excerpt taken from the NTES 6-K filed May 22, 2008.

Other Information

As of March 31, 2008, the Company’s total cash and time deposit balance was RMB4.49 billion (US$639.8 million), compared to RMB4.16 billion (US$593.1 million) as of December 31, 2007. Cash flow generated from operating activities was approximately RMB495.0 million (US$70.6 million) for the first quarter of 2008, compared to RMB426.6 million (US$60.8 million) and RMB283.0 million (US$40.4 million) for the preceding quarter and the fourth quarter of 2007, respectively.

On July 2, 2007, the Company’s Board authorized a share repurchase program of up to US$120 million of the Company’s outstanding ADSs. As of March 31, 2008, the Company had spent in aggregate a total purchase consideration of approximately US$46.4 million (including transaction costs). The share repurchase program will end on July 1, 2008.

On May 19, 2008, the Company suspended its online game services to observe a three-day national mourning for earthquake victims from May 19 to May 21.

** The United States dollar (US$) amounts disclosed in this press release are presented solely for the convenience of the reader. Translations of amounts from RMB into United States dollars for the convenience of the reader were calculated at the noon buying rate of US$1.00 = RMB7.0120 on March 31, 2008 in The City of New York for the cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at that rate on March 31, 2008, or at any other certain date. The percentages stated are calculated based on RMB.

This excerpt taken from the NTES 6-K filed Feb 21, 2008.

Other Information

As of December 31, 2007, the Company’s total cash and time deposit balance was RMB4.16 billion (US$570.1 million), compared to RMB3.94 billion (US$539.8 million) as of December 31, 2006. As previously announced, the Company had obtained a revolving loan facility, which was taken out to enable the Company at its discretion to fund any redemption requests made by the holders of its zero coupon convertible subordinated notes in accordance with the terms of those notes during a period from May 17, 2007 to July 31, 2008. In December 2007, the Company cancelled such facility with the bank prior to its expiration. As a result of the termination of the loan facility, the related restriction on the Company’s cash balance was removed on December 31, 2007, and the outstanding convertible notes as of December 31, 2007 were classified as current liabilities.

Cash flow generated from operating activities was approximately RMB426.6 million (US$58.5 million) for the fourth quarter of 2007, compared to RMB339.2 million (US$46.5 million) and RMB531.5 million (US$72.9 million) for the preceding quarter and the fourth quarter of 2006, respectively.

On July 2, 2007, the Company’s Board authorized a share repurchase program of up to US$120 million of the Company’s outstanding ADSs. As of December 31, 2007 the Company had spent in aggregate a total purchase consideration of approximately US$35.7 million (including transaction costs). The share repurchase program will end on July 1, 2008.

** The United States dollar (US$) amounts disclosed in this press release are presented solely for the convenience of the reader. Translations of amounts from RMB into United States dollars for the convenience of the reader were calculated at the noon buying rate of US$1.00 = RMB7.2946 on December 31, 2007 in The City of New York for the cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at that rate on December 31, 2007, or at any other certain date. The percentages stated are calculated based on RMB.

This excerpt taken from the NTES 6-K filed Nov 8, 2007.

Other Information

As of September 30, 2007, the Company’s total cash and time deposit balance was RMB3.1 billion (US$410.9 million), compared to RMB3.9 billion (US$525.6 million) and RMB3.8 billion (US$505.0 million) as of December 31, 2006 and September 30, 2006, respectively. In addition, there was a restricted cash balance of RMB749.7 million (US$100.1 million) as of September 30, 2007 primarily related to the Company’s committed revolving loan facility, which is effective for a period from May 17, 2007 to July 31, 2008. The loan facility can be used by the Company at its discretion to fund any redemption requests made by the holders of its zero coupon convertible subordinated notes in accordance with the terms of those notes. As of September 30, 2007, the Company reclassified the callable obligations of the convertible notes as short-term payable in accordance with the terms of issue. Cash flow generated from operating activities was approximately RMB339.2 million (US$45.3 million) for the third quarter of 2007, compared to RMB331.0 million (US$44.2 million) and RMB344.5 million (US$46.0 million) for the preceding quarter and the third quarter of 2006, respectively.

On July 2, 2007, the Company’s Board authorized a share repurchase program of up to US$120 million of the Company’s outstanding ADSs. As of September 30, 2007 the Company had spent in aggregate a total purchase consideration of approximately US$30.8 million (including transaction costs). The share repurchase program will end on July 1, 2008.

** The United States dollar (US$) amounts disclosed in this press release are presented solely for the convenience of the reader. Translations of amounts from RMB into United States dollars for the convenience of the reader were calculated at the noon buying rate of US$1.00 = RMB7.4928 on September 28, 2007 in The City of New York for the cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at that rate on September 28, 2007, or at any other certain date. The percentages stated are calculated based on RMB.

This excerpt taken from the NTES 6-K filed Aug 14, 2007.

Other Information

As of June 30, 2007, the Company’s total cash and time deposit balance was RMB3.0 billion (US$391.5 million), compared to RMB3.9 billion (US$517.3 million) and RMB3.6 billion (US$474.4 million) as of December 31, 2006 and June 30, 2006, respectively. In addition, there was a restricted cash balance of RMB761.6 million (US$100.1 million) as of June 30, 2007 primarily related to the Company’s committed revolving loan facility. The loan facility can be used by the Company at its discretion to fund any redemption requests made by the holders of its zero coupon convertible subordinated notes in accordance with the terms of those notes. Cash flow generated from operating activities was approximately RMB331.0 million (US$43.5 million) for the second quarter of 2007, compared to RMB283.0 million (US$37.2 million) and RMB296.5 million (US$39.0 million) for the preceding quarter and the second quarter of 2006, respectively.

On March 13, 2007, the Company’s Board authorized a share repurchase program of up to US$100 million of the Company’s outstanding ADSs for a period not to exceed three months. When the share repurchase program ended on June 12, 2007, the Company had spent in aggregate a total purchase consideration of approximately US$95.7 million (including transaction costs). With respect to the separate share repurchase program of up to US$120 million authorized by the Company’s Board on July 2, 2007, at July 31, 2007 the Company had spent in aggregate a total purchase consideration of approximately US$5.6 million (including transaction costs). The share repurchase program will end on July 1, 2008.


** The United States dollar (US$) amounts disclosed in this press release are presented solely for the convenience of the reader. Translations of amounts from RMB into United States dollars for the convenience of the reader were calculated at the noon buying rate of US$1.00 = RMB7.6120 on June 29, 2007 in The City of New York for the cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at that rate on June 29, 2007, or at any other certain date. The percentages stated are calculated based on RMB.
This excerpt taken from the NTES 6-K filed May 22, 2007.

Other Information

As of March 31, 2007, the Company’s total cash and time deposit balance was RMB4.0 billion (US$520.6 million), compared to RMB3.9 billion (US$504.6 million) and RMB3.8 billion (US$469.8 million) as of December 31, 2006 and March 31, 2006, respectively. Cash flow generated from operating activities was approximately RMB277.0 million (US$35.9 million) for the first quarter of 2007, compared to RMB531.5 million (US$68.1 million) for the preceding quarter and RMB412.4 million (US$51.4 million) for the first quarter of 2006.

On March 13, 2007, the Company’s Board authorized a share repurchase program of up to US$100 million of the Company's outstanding ADSs for a period not to exceed three months. As of March 31, 2007, the Company had effected transactions in the open market purchasing approximately 1.1 million ADSs for an aggregate purchase consideration of approximately US$20.8 million (including transaction costs). With respect to the separate share repurchase program of up to US$100 million authorized by the Company’s Board on August 28, 2006, the Company had repurchased approximately 3.6 million of its issued and outstanding ADSs for an aggregate purchase consideration of US$60.1 million (including transaction costs) when the share repurchase program ended on February 27, 2007.

 

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This excerpt taken from the NTES 6-K filed Mar 9, 2007.

Other Information

As of December 31, 2006, the Company’s total cash and time deposit balance was RMB3.9 billion (US$504.6 million), compared to RMB3.8 billion (US$478.7 million) and RMB3.4 billion (US$418.5 million) as of September 30, 2006 and December 31, 2005, respectively. Cash flow generated from operating activities was approximately RMB531.5 million (US$68.1 million), compared to RMB344.5 million (US$43.6 million) for the preceding quarter and RMB220.3 million (US$27.3 million) for the fourth quarter of 2005.

On August 29, 2006, NetEase announced that its board of directors had approved a share repurchase program of up to US$100 million of the Company’s outstanding ADSs. As of December 31, 2006, the Company had effected transactions in the open market purchasing approximately 3.6 million ADSs for an aggregate purchase amount of approximately US$60.1 million (including transaction costs), representing 60.1% of the total authorized share repurchase amount. The share repurchase program will end on March 4, 2007.

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