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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. NetEase Cloud Music's selling, general, & admin. expense for the
six
months ended in Jun. 2026 was HK$432 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Jun. 2026 was HK$792 Mil.
NetEase Cloud Music (HKSE:09899) Selling, General, & Admin. Expense Explanation
An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.
Warren Buffett likes companies with consistent SGA as the percentage of gross profit.
Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.
If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.
NetEase Cloud Music Selling, General, & Admin. Expense Related Terms
NetEase Cloud Music Selling, General, & Admin. Expense Historical Data
* Premium members only.
The historical data trend for NetEase Cloud Music's Selling, General, & Admin. Expense can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NetEase Cloud Music Selling, General, & Admin. Expense Chart
HKSE:09899 vs GOOGL, META, SPOT: Selling, General, & Admin. Expense Comparison
For the Internet Content & Information subindustry, NetEase Cloud Music's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NetEase Cloud Music Selling, General, & Admin. Expense vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, NetEase Cloud Music's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where NetEase Cloud Music's Selling, General, & Admin. Expense falls into.
NetEase Cloud Music Selling, General, & Admin. Expense Calculation
Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.
Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$792 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Selling, General, & Admin. Expense of HK$792 Mil mean?
NetEase Cloud Music (HKSE:09899) has a Selling, General, & Admin. Expense of HK$792 Mil as of Jun. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on NetEase Cloud Music and its competitors.
Is NetEase Cloud Music's Selling, General, & Admin. Expense too high?
NetEase Cloud Music's current Selling, General, & Admin. Expense is HK$792 Mil. Overall, NetEase Cloud Music has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NetEase Cloud Music's Selling, General, & Admin. Expense compare to GOOGL and META?
NetEase Cloud Music's Selling, General, & Admin. Expense of HK$792 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for an Interactive Media company?
A good Selling, General, & Admin. Expense depends on the Interactive Media industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on NetEase Cloud Music and its competitors. NetEase Cloud Music's current Selling, General, & Admin. Expense is HK$792 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetEase Cloud Music stock overvalued right now?
Based on GuruFocus' analysis, NetEase Cloud Music (HKSE:09899) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$105.39, compared to a current price of HK$87.05 — trading 17.4% below its estimated fair value. The current Selling, General, & Admin. Expense is HK$792 Mil. NetEase Cloud Music's overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For NetEase Cloud Music (HKSE:09899), the current Selling, General, & Admin. Expense is HK$792 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NetEase Cloud Music (HKSE:09899) Overvalued in 2026?
Based on GuruFocus' analysis, NetEase Cloud Music stock appears to be undervalued.
The current stock price of HK$87.05 is trading 17.4% below its estimated GF Value™ of HK$105.39.
GuruFocus considers NetEase Cloud Music to be Modestly Undervalued.
Key valuation signals for HKSE:09899:
Selling, General, & Admin. Expense: HK$792 Mil
GF Value™: HK$105.39 vs. price of HK$87.05 (17.4% below fair value)
No single metric tells the full story. See the HKSE:09899 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressNo. 353 Benjing Avenue, Room 1201, Block A, Hangzhou International Expo Center, Qianjiang Century City, Xiaoshan District, Zhejiang Province, Hangzhou, CHN
NetEase Cloud Music is China's second-largest music streaming platform, founded in 2013 as a subsidiary of NetEase. NetEase remains the controlling shareholder with a 59.4% stake. The company is headquartered in Hangzhou.The platform's business model revolves around a core music streaming service sold on a subscription basis, paired with a live streaming service where users purchase virtual items and gift them to performers.
77GF Score
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