NTES vs RAASY
NetEase, Inc. and Cloopen Group Holding Ltd., side by side — 8 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | NTES | RAASY |
|---|---|---|
| Revenue | CNY 112.6B | CNY 535.7M |
| Net income | CNY 34.8B | CNY -239.3M |
| Gross margin | 64.3% | 27.4% |
| Net margin | 30.9% | −44.6% |
| Return on equity | 23.3% | −25.0% |
| Diluted EPS | CNY 10.48 | −CNY 0.74 |
| Dividend / share | · | · |
| Payout ratio | 39.7% | · |
| Free cash flow | CNY 49.7B | CNY -231.8M |
| Equity | CNY 160.3B | CNY 841.4M |
| Net debt / equity | · | · |
| Current ratio | 3.45× | 2.29× |
| Revenue CAGR 5y | 8.9% | −5.8% |
| Profit CAGR 5y | 23.1% | · |
NTES bills 210.2× the revenue of RAASY, and RAASY closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
8 years side by side
| Fiscal year | NTES | RAASY |
|---|---|---|
| FY2025 | CNY 112.6B | CNY 535.7M |
| FY2024 | CNY 105.3B | CNY 573.6M |
| FY2023 | CNY 103.5B | CNY 571.0M |
| FY2022 | CNY 96.5B | CNY 593.6M |
| FY2021 | CNY 87.6B | CNY 752.7M |
| FY2020 | CNY 73.7B | CNY 723.5M |
| FY2019 | CNY 59.2B | CNY 592.8M |
| FY2018 | CNY 51.2B | CNY 501.5M |
Bottom line
| Fiscal year | NTES | RAASY |
|---|---|---|
| FY2025 | CNY 34.8B | CNY -239.3M |
| FY2024 | CNY 30.3B | CNY -142.8M |
| FY2023 | CNY 29.4B | CNY -409.7M |
| FY2022 | CNY 19.8B | CNY -974.9M |
| FY2021 | CNY 17.0B | CNY -903.9M |
| FY2020 | CNY 12.3B | CNY -425.2M |
| FY2019 | CNY 21.4B | CNY -217.1M |
| FY2018 | CNY 6.5B | CNY -262.3M |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CNY 112,090,098,000 | NTES |
| FY2024 | +CNY 104,721,670,000 | NTES |
| FY2023 | +CNY 102,897,135,000 | NTES |
| FY2022 | +CNY 95,902,175,000 | NTES |
| FY2021 | +CNY 86,853,338,000 | NTES |
| FY2020 | +CNY 72,943,680,000 | NTES |
| FY2019 | +CNY 58,648,347,000 | NTES |
| FY2018 | +CNY 50,677,086,333 | NTES |
NTES has reported the higher revenue in every one of these 8 fiscal years. The gap has widened since the earliest year compared.
8 of 18 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +75.5 pp | NTES |
| FY2024 | +54.3 pp | NTES |
| FY2023 | +100.6 pp | NTES |
| FY2022 | +185.0 pp | NTES |
| FY2021 | +139.5 pp | NTES |
| FY2020 | +75.5 pp | NTES |
| FY2019 | +75.6 pp | NTES |
| FY2018 | +43.7 pp | NTES |
NTES has kept the higher net margin in every one of these 8 fiscal years.
8 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
RAASY's net margin has been more volatile than NTES's over the 8 comparable fiscal years — 45.6 percentage points of standard deviation against 7.5.
8 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
NTES led in net margin in every one of the 8 comparable fiscal years — a structural lead, not a recent swing.
8 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
RAASY's return on equity has been more volatile than NTES's over the 4 comparable fiscal years — 13.6 percentage points of standard deviation against 2.1.
4 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
NTES led in return on equity in every one of the 4 comparable fiscal years — a structural lead, not a recent swing.
4 of 18 comparable fiscal years — a year missing data on either side is not counted.