• NetEase average gross margin for 2023 was 58.09%, a 6.86% increase from 2022.
• NetEase average gross margin for 2022 was 54.36%, a 2.37% increase from 2021.
• NetEase average gross margin for 2021 was 53.1%, a 7.6% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.