[CICC: Maintain NetEase's "outperform the industry" rating, the overall performance in the third quarter is better than the bank expected] According to Jinshi Data on November 18, CICC published a research report stating that NetEase (09999.HK)'s revenue in the third quarter of this year fell 4% year-on-year, and non-GAAP net profit attributable to shareholders fell 13% year-on-year. The overall performance was better than the bank expected, mainly due to the outstanding performance of PC revenue; investment income and interest income were better than expected. CICC mentioned that NetEase also announced a quarterly dividend of US$0.435 per American Depositary Share (ADS), with a quarterly dividend payout ratio of 30%; and repurchased US$540 million during the quarter. Cash dividends and repurchases in the first three quarters of fiscal 2024 totaled US$1.86 billion. In addition, the bank maintains its non-GAAP net profit forecast for NetEase, and maintains its H-share target price at HK$173 and its "outperform the industry" rating. (Reprinted from: Jinshi Data)