网易公司 NetEase, Inc. (NTES) 2003年年度报告「NASDAQ」.pdf

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1、 Letter to Our Fellow Shareholders2-4Our Business5-10Managements Discussion and Analysis11-47Reports of Independent Public Accountants andConsolidated Financial Statements49-92Corporate Information93-95Letter to Our Fellow Shareholders2-4Our Business5-10Managements Discussion and Analysis11-47Report

2、s of Independent Public Accountants andConsolidated Financial Statements49-92Corporate Information93-952Letter to Our Fellow ShareholdersDear Fellow Shareholders:First,let us again express our sincere gratitude for the continued support you have given usthrough the years.2003 represented another sol

3、id year of performance for NetEase,and continuedto underscore the success of our business model.We continue to develop innovative and usefulfree and fee-based services for our users whether via the Internet on the PC or via the mobilehandset,for example,web and wireless e-mail services and matchmaki

4、ng services.Furthermore,as one of Chinas leading Internet portals,the NetEase Web sites continue to benefit from Chinasbooming Internet usage-with 79.5 million Internet users at the end of 2003 compared to59.1 million at the end of 2002,according to China Internet Network Information Center,China is

5、second only to the US in terms of total connected population.Our online games and wireless value-added services,as well as the NetEase Web sites whose accumulated registered accounts increased76%to 167 million at the end of 2003,have become more popular than ever.2003 was also another year of strong

6、 financial performance for the company and marked oursecond year of consecutive net profit-a record among the major Chinese Internet portals.Netrevenue showed strong growth this year as well,increasing 145%over 2002 to a recordUS$66 million.Financially,the company continues to be on a very strong fo