NetEase Cloud Music Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

SEHK:9899 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
19 Sep 25	SellHK$332,052	Wang Yanfeng	Individual	1,183	HK$280.69
19 Sep 25	SellHK$735,960	Yong Li	Individual	2,622	HK$280.69
26 May 25	SellHK$58,774,286	Yunfeng Capital	Company	269,150	HK$218.37
23 May 25	SellHK$49,994,599	Yunfeng Capital	Company	231,050	HK$216.38
08 May 25	SellHK$7,369,097	Yunfeng Capital	Company	40,500	HK$181.95
07 May 25	SellHK$16,875,062	Yunfeng Capital	Company	90,800	HK$185.85
11 Mar 25	SellHK$407,936	Wang Yanfeng	Individual	2,494	HK$163.57
11 Mar 25	SellHK$212,474	Yong Li	Individual	1,299	HK$163.57
24 Feb 25	SellHK$386,191	Wang Yanfeng	Individual	2,341	HK$164.97

Insider Trading Volume

Insider Buying: 9899 insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of 9899?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	12,400	0.0057%
Institutions	31,635,770	14.5%
General Public	45,935,060	21.1%
Public Companies	139,951,343	64.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 78.14% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
59.5%	NetEase, Inc.	129,365,718	HK$24.5b	0%	no data
4.87%	Alibaba Group Holding Limited	10,585,625	HK$2.0b	0%	no data
3.47%	Yunfeng Capital	7,544,988	HK$1.4b	0%	78.33%
1.79%	Krane Funds Advisors, LLC	3,899,200	HK$738.5m	3.2%	0.88%
1.73%	The Vanguard Group, Inc.	3,758,143	HK$711.8m	20.6%	no data
1.35%	Loyal Valley Capital	2,943,130	HK$557.4m	0%	8.7%
1.29%	BlackRock, Inc.	2,813,521	HK$532.9m	2.31%	no data
0.73%	First Sentier Investors (Australia) IM Ltd	1,597,200	HK$302.5m	0%	0.1%
0.5%	Aberdeen Group Plc	1,096,600	HK$207.7m	0%	0.01%
0.45%	First Sentier Investors (UK) IM Limited	988,077	HK$187.1m	0%	0.6%
0.44%	Fullgoal Asset Management (HK) Limited	955,500	HK$181.0m	0%	5.98%
0.39%	Pictet Asset Management Limited	840,400	HK$159.2m	0%	0.01%
0.35%	FMR LLC	752,535	HK$142.5m	-29%	no data
0.34%	Strategic Advisers LLC	729,500	HK$138.2m	-2.19%	0.01%
0.19%	Goldman Sachs Asset Management, L.P.	421,059	HK$79.7m	0.01%	no data
0.19%	Geode Capital Management, LLC	406,509	HK$77.0m	0.1%	no data
0.15%	Dimensional Fund Advisors LP	335,722	HK$63.6m	3.29%	no data
0.079%	Wellington Management Group LLP	171,600	HK$32.5m	69.4%	no data
0.058%	Manulife Asset Management	127,032	HK$24.1m	0%	no data
0.057%	WCM Investment Management, LLC	123,250	HK$23.3m	0%	no data
0.05%	Matthews International Capital Management, LLC	108,800	HK$20.6m	0%	0.04%
0.05%	Columbia Management Investment Advisers, LLC	108,650	HK$20.6m	0%	no data
0.048%	Harvest Fund Management Co. Ltd.	103,450	HK$19.6m	0%	no data
0.048%	Rainier Investment Management, LLC	103,400	HK$19.6m	-7.51%	0.18%
0.047%	Charles Schwab Investment Management, Inc.	103,000	HK$19.5m	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/21 12:15
End of Day Share Price	2025/11/21 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NetEase Cloud Music Inc. is covered by 26 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Lei Zhang	BofA Global Research
Xueqing Zhang	China International Capital Corporation Limited
Tommy Wong	China Merchants Securities (HK) Co., Ltd