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Cloud Music Inc. (9899.HK)
Hangzhou, CN
Cloud Music Inc. (9899.HK), operating through its parent entity Cloud Village Inc., functions as an investment holding company primarily focused on delivering digital music and social entertainment experiences across the People's Republic of China. Its diverse revenue streams encompass premium music membership subscriptions, the sublicensing of content royalties, and providing online advertising solutions. The company also generates income from the direct sale of digital albums, singles, and various virtual in-app items. At the core of its offerings is NetEase Cloud Music, its flagship online platform, which is complemented by a suite of social entertainment products like LOOK Live Streaming, Sheng Bo, and Yin Jie. Beyond its consumer-facing platforms, Cloud Village extends its services to include artist management, comprehensive online music streaming capabilities, and music production. These extensive offerings cater to a broad user base, encompassing both paying subscribers and advertising partners. Established in 2013, the company maintains its headquarters in Hangzhou, China, and operates as a subsidiary of NetEase, Inc.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.59% | +2.94% | +3.39% | -23.09% | -38.46% | -36.08% | -43.70% | +47.98% | -40.52% | -40.52% | -40.52% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 3 | 0 |
| Buy | 12 | 0 |
| Hold | 1 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Internet Content & Information: +9.7%-2.4% Q4'25: +1.4% (vs Q4'24)
-
EPS growth Internet Content & Information: +26.9%+73.9% ★ Q4'25: +13.5% (vs Q4'24)
-
FCF margin FCF growth · Internet Content & Information: +23.2%+10.6% Q4'25: +0.0% (vs Q4'24)
-
EBIT margin Internet Content & Information: +12.7%+20.8% ★ Q4'25: +19.5% (vs Q4'24)
-
ROIC Internet Content & Information: +7.3%+153.7% ★ Q4'25: +189.1% (vs Q4'24)
-
Share dilution Internet Content & Information: +0.3%+1.2% Q4'25: +1.2% (vs Q4'24)
-
Debt / EBITDA Net debt/EBITDA · Internet Content & Information: -1.09×0.01× ★ Q4'25: 0.00× (vs Q4'24)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 1 Rev. Ana. 12 EPS Ana. |
Dec 2027 14 Rev. Ana. 12 EPS Ana. |
Dec 2028 11 Rev. Ana. 9 EPS Ana. |
Dec 2029 5 Rev. Ana. 3 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|
| Revenue |
7.00B
est: 8.82B (-20.6%)
|
8.99B
est: 10.15B (-11.4%)
|
7.87B
est: 7.47B (+5.3%)
|
7.95B
est: 8.02B (-0.9%)
|
7.76B
est: 7.88B (-1.5%)
|
8.53B
8.30B – 8.93B
+8.3% YoY
|
9.20B
8.73B – 10.01B
+7.9% YoY
|
9.72B
9.45B – 10.16B
+5.6% YoY
|
10.41B
10.12B – 10.89B
+7.1% YoY
|
| EBITDA |
-1.34B
est: -514.77M (-159.4%)
|
-356.13M
est: -592.77M (+39.9%)
|
787.37M
est: 3.91B (-79.9%)
|
1.15B
est: 4.20B (-72.5%)
|
1.62B
est: 4.13B (-60.7%)
|
4.47B
4.35B – 4.67B
+8.3% YoY
|
4.82B
4.57B – 5.24B
+7.9% YoY
|
5.09B
4.95B – 5.32B
+5.6% YoY
|
5.45B
5.30B – 5.70B
+7.1% YoY
|
| EBIT |
-1.35B
est: -539.21M (-150.5%)
|
-378.69M
est: -620.91M (+39.0%)
|
768.00M
est: 3.90B (-80.3%)
|
1.14B
est: 4.19B (-72.9%)
|
1.61B
est: 4.12B (-60.9%)
|
4.46B
4.34B – 4.67B
+8.3% YoY
|
4.81B
4.56B – 5.23B
+7.9% YoY
|
5.08B
4.94B – 5.31B
+5.6% YoY
|
5.44B
5.29B – 5.69B
+7.1% YoY
|
| Net Income |
-2.06B
est: -2.99B (+31.3%)
|
-221.49M
est: -462.33M (+52.1%)
|
734.18M
est: 1.16B (-36.9%)
|
1.56B
est: 1.33B (+17.7%)
|
2.75B
est: 2.84B (-3.2%)
|
1.84B
1.78B – 2.17B
-35.1% YoY
|
2.05B
1.96B – 2.68B
+11.2% YoY
|
2.25B
2.12B – 2.67B
+9.6% YoY
|
3.31B
3.20B – 3.51B
+47.6% YoY
|
| SGA |
695.53M
est: 869.78M (-20.0%)
|
806.28M
est: 1.00B (-19.5%)
|
923.34M
est: 719.99M (+28.2%)
|
796.18M
est: 773.31M (+3.0%)
|
585.34M
est: 759.42M (-22.9%)
|
822.40M
799.95M – 860.41M
+8.3% YoY
|
887.17M
841.19M – 965.03M
+7.9% YoY
|
936.57M
911.00M – 979.86M
+5.6% YoY
|
1.00B
975.97M – 1.05B
+7.1% YoY
|
| EPS |
-15.92
est: -14.18 (-12.3%)
|
-1.06
est: -2.20 (+51.9%)
|
3.49
est: 5.56 (-37.2%)
|
7.48
est: 6.14 (+21.9%)
|
13.02
est: 13.14 (-0.9%)
|
9.40
8.33 – 10.17
-28.5% YoY
|
10.47
9.19 – 12.54
+11.4% YoY
|
11.39
9.94 – 12.50
+8.7% YoY
|
15.52
14.97 – 16.46
+36.3% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | S- | 5/5 | 5/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 |
| 2026-05-28 | S- | 5/5 | 5/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 |
| 2026-05-27 | S- | 5/5 | 5/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 |
| 2026-05-26 | S- | 5/5 | 5/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 |
| 2026-05-22 | A+ | 5/5 | 5/5 | 5/5 | 5/5 | 4/5 | 3/5 | 3/5 |
| 2026-05-21 | A+ | 5/5 | 5/5 | 5/5 | 5/5 | 4/5 | 3/5 | 3/5 |
| 2026-05-20 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-19 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-18 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-15 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-14 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-13 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-12 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-11 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-08 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-07 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-06 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-05 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-04 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-04-30 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-04-29 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-04-28 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-04-27 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-04-24 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-04-23 | C | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-04-22 | C | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-04-21 | C | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-04-20 | C | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-04-17 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-16 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | MUSQ Global Music Industry Index ETF MUSQ | 2.09% | 522.0K | 0.76% |
| 2 | iShares MSCI China Small-Cap ETF ECNS | 0.87% | 567.7K | 0.59% |
| 3 | KraneShares CSI China Internet ETF KWEB | 0.78% | 40.62M | 0.70% |
| 4 | KraneShares CSI China Internet UCITS ETF KWEB.L | 0.77% | 5.37M | 0.75% |
| 5 | KraneShares CSI China Internet UCITS ETF KWBP.L | 0.77% | 5.36M | 0.75% |
| 6 | KraneShares CSI China Internet UCITS ETF KWBE.L | 0.77% | 5.35M | 0.75% |
| 7 | Global X China Cloud Computing ETF (HKD) 2826.HK | 0.76% | 184.9K | 0.68% |
| 8 | Amundi MSCI China Tech UCITS ETF USD CC1U.L | 0.51% | 1.50M | 0.55% |
| 9 | Amundi MSCI China Tech UCITS ETF EUR CC1.PA | 0.51% | 1.50M | 0.55% |
| 10 | Pacer Emerging Markets Cash Cows 100 ETF ECOW | 0.33% | 698.6K | 0.70% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Yong Li | Vice President of Business Intelligence & Executive Director | 6M | male |
| Yanfeng Wang | Executive Director | 3M | female |
| Ju Lu | Vice President of Finance & Financial Controller | — | female |
| Lei Ding | Chairman & Chief Executive Officer | — | male |
| Wai-Yee Wong ACIS HKICS HKICS; ICSA UKICSA | Company Secretary | — | female |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for 9899.HK
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
