NTES vs WIMI
NetEase, Inc. and WiMi Hologram Cloud Inc., side by side — 9 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | NTES | WIMI |
|---|---|---|
| Revenue | CNY 112.6B | CNY 422.2M |
| Net income | CNY 34.8B | CNY 309.2M |
| Gross margin | 64.3% | 25.8% |
| Net margin | 30.9% | 82.2% |
| Return on equity | 23.3% | 19.3% |
| Diluted EPS | CNY 10.48 | CNY 15.93 |
| Dividend / share | · | · |
| Payout ratio | 39.7% | · |
| Free cash flow | CNY 49.7B | CNY 59.0M |
| Equity | CNY 160.3B | CNY 2.2B |
| Net debt / equity | · | −0.58× |
| Current ratio | 3.45× | 3.82× |
| Revenue CAGR 5y | 8.9% | −11.2% |
| Profit CAGR 5y | 23.1% | · |
NTES bills 266.7× the revenue of WIMI, and WIMI keeps more of each dollar of revenue as profit (82.2% against 30.9%).
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.
9 years side by side
| Fiscal year | NTES | WIMI |
|---|---|---|
| FY2025 | CNY 112.6B | CNY 422.2M |
| FY2024 | CNY 105.3B | CNY 541.9M |
| FY2023 | CNY 103.5B | CNY 585.4M |
| FY2022 | CNY 96.5B | CNY 682.3M |
| FY2021 | CNY 87.6B | CNY 933.8M |
| FY2020 | CNY 73.7B | CNY 766.0M |
| FY2019 | CNY 59.2B | CNY 319.2M |
| FY2018 | CNY 51.2B | CNY 225.3M |
| FY2017 | CNY 44.4B | CNY 192.0M |
Bottom line
| Fiscal year | NTES | WIMI |
|---|---|---|
| FY2025 | CNY 34.8B | CNY 309.2M |
| FY2024 | CNY 30.3B | CNY 71.6M |
| FY2023 | CNY 29.4B | CNY -421.2M |
| FY2022 | CNY 19.8B | CNY -357.7M |
| FY2021 | CNY 17.0B | CNY -236.0M |
| FY2020 | CNY 12.3B | CNY -151.2M |
| FY2019 | CNY 21.4B | CNY 102.2M |
| FY2018 | CNY 6.5B | CNY 89.2M |
| FY2017 | CNY 10.8B | CNY 73.3M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CNY 112,203,561,589 | NTES |
| FY2024 | +CNY 104,753,311,345 | NTES |
| FY2023 | +CNY 102,882,793,063 | NTES |
| FY2022 | +CNY 95,813,516,021 | NTES |
| FY2021 | +CNY 86,672,234,481 | NTES |
| FY2020 | +CNY 72,901,119,414 | NTES |
| FY2019 | +CNY 58,921,963,576 | NTES |
| FY2018 | +CNY 50,953,303,436 | NTES |
| FY2017 | +CNY 44,245,325,476 | NTES |
NTES has reported the higher revenue in every one of these 9 fiscal years. The gap has widened since the earliest year compared.
9 of 18 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −51.3 pp | WIMI |
| FY2024 | +9.7 pp | NTES |
| FY2023 | +115.6 pp | NTES |
| FY2022 | +75.8 pp | NTES |
| FY2021 | +46.6 pp | NTES |
| FY2020 | +35.7 pp | NTES |
| FY2019 | +4.2 pp | NTES |
| FY2018 | −26.9 pp | WIMI |
| FY2017 | −13.8 pp | WIMI |
The higher net margin has changed hands between NTES and WIMI over this period.
9 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WIMI's net margin has been more volatile than NTES's over the 9 comparable fiscal years — 50.4 percentage points of standard deviation against 7.1.
9 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between NTES and WIMI over these 9 fiscal years — NTES led in 6 and WIMI in 3.
9 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WIMI's return on equity has been more volatile than NTES's over the 9 comparable fiscal years — 38.5 percentage points of standard deviation against 7.0.
9 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between NTES and WIMI over these 9 fiscal years — NTES led in 7 and WIMI in 2.
9 of 18 comparable fiscal years — a year missing data on either side is not counted.