NetEase, Inc. (NASDAQ:NTES) Q4 2015 Earnings Conference Call - Final Transcript

Feb 25, 2016 • 10:00 am ET

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NetEase, Inc. (NASDAQ:NTES) Q4 2015 Earnings Conference Call - Final Transcript

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Presentation
Executive
Onward Choi

per ADS were $8.72 and $8.66 respectively for fiscal year 2015. This compares to non-GAAP basic and diluted earnings per ADS of $6.04 and $6.01 respectively for fiscal year 2014. As of December 31, 2015, our total cash, current and non-current time deposits and short-term investment balance was RMB26.8b or $4.1b, compared to RMB23.2b as of December 31, 2014. Cash flow generated from operating activities was RMB8.1b or $1.2b for fiscal year 2015, compared to RMB5.9b for the preceding fiscal year.

As part of our commitment to returning values to our shareholders we are pleased to announce that our Board of Directors has approved a dividend of $0.64 per ADS for the fourth quarter of 2015. We expected to pay this on March 18, 2016 to shareholders of record as of the close of business on March 11, 2016. Additionally, on September 1, 2015 we announced that our Board of Directors approved a new share repurchase program of up to $500m of the Company's outstanding ADSs. As of December 31, 2015 we repurchased around 190,000 ADS for approximately $20.7m under this program.

Thank you for your attention. We would now like to open the call to your questions. Operator, please go ahead.