NetEase has published its financial outcomes for the fourth quarter and the entirety of 2025, showcasing a robust (alternatively, "solid" can be used) performance. The revenues for the fourth quarter amounted to RMB 27.5 billion, while the annual revenues summed up to RMB 112.6 billion, accompanied by a Non-GAAP net profit of RMB 37.3 billion. The yearly R&D investment reached RMB 17.7 billion, marking the sixth consecutive year of surpassing RMB 10 billion. NetEase remains steadfast in its commitment to AI pragmatism, having established a new, high-quality productivity system with AI at its core. Throughout 2025, NetEase significantly enhanced its AI applications, resulting in a strong revenue performance in gaming and related value-added services. Specifically, the net revenue from online games witnessed an 11% year-on-year increase. NetEase Youdao achieved positive operating profit and cash flow for the first time over the entire year. NetEase Cloud Music experienced revenue growth, further cementing its leading position in the music AI sector. Innovation and other businesses saw a 42% revenue increase on a quarter-on-quarter basis in the fourth quarter. NetEase's endeavors in AI industrialization yielded substantial results, with some areas witnessing efficiency improvements of up to 300%. Additionally, it propelled AI services within the gaming industry to support real-world industries. The commercialization of AI accelerated, with remarkable performances in business segments such as Youdao, Cloud Music, and Zhiyi. Both time-honored classic games and emerging high-quality games reached new heights, while licensed games also delivered exceptional performances. NetEase's globalization efforts gained momentum, with multiple products, including 'Where Winds Meet', excelling in overseas markets. Looking forward to 2026, NetEase will persist in advancing the industrialization of AI to achieve long-term, sustainable growth.