NetEase Cloud Music is trading 4.05% down at HK$91.25 after investors continued selling following its August 20 first-half results, which showed net profit fell 57% year over year to RMB809.2 million.

  • Revenue rose 3.4% to RMB4.0 billion; operating profit declined 11.6%.
  • Higher marketing spending and no prior-year tax benefit intensified profitability concerns.
  • Shares fell more than 14% August 21 after adjusted profit dropped 55.8%; no separate August 24 company announcement or broader-market catalyst was identified.