SEHK:9899Entertainment
NetEase Cloud Music (SEHK:9899) Reports Rise In Net Income Despite Sales Decline
NetEase Cloud Music (SEHK:9899) reported a noteworthy financial turnaround with its recent earnings release, showcasing a significant rise in net income and earnings per share, despite a decline in sales from the previous year. These developments may have added weight to the company's 18% price increase last quarter amid a robust market environment with the S&P 500 and Nasdaq hitting all-time highs. The half-year results reflect operational efficiencies and effective cost management...