Financial statements and analysis
Showing the last 6 fiscal years: 2020 to 2025
Chart shows data from left to right: oldest period → newest period
X-axis shows fiscal years with their term end dates and filing dates
Period names from company filings, with term end dates and filing dates
Income Statement (CNY) Term End Date Filing Date | 2025 Dec 31, 2025 Apr 15, 2026 | 2024 Dec 31, 2024 Apr 15, 2025 | 2023 Dec 31, 2023 Apr 25, 2024 | 2022 Dec 31, 2022 Apr 25, 2023 | 2021 Dec 31, 2021 Apr 25, 2022 | 2020 Dec 31, 2020 Mar 2, 2021 | 2019 Dec 31, 2019 Apr 3, 2020 | 2018 Dec 31, 2018 Apr 12, 2019 |
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Total Revenue | 6.28B 10.8% | 7.04B 2.0% | 7.18B 3.5% | 6.94B 4.1% | 7.24B 16.4% | 8.66B 2.8% | 8.42B 16.4% | 7.23B 16.5% |
Cost of Revenue | 1.74B 17.0% | 1.48B 12.6% | 1.32B 6.6% | 1.24B 17.9% | 1.05B 9.0% | 961.17M 0.1% | 960.29M 17.1% | 820.29M 39.6% |
Gross Profit | 4.54B 18.3% | 5.56B 5.3% | 5.87B 2.8% | 5.71B 7.8% | 6.19B 19.6% | 7.70B 3.2% | 7.46B 16.3% | 6.41B 32.2% |
Gross Margin % | 72.00% 8.9% | 79.00% 3.7% | 82.00% 0.0% | 82.00% 4.7% | 86.00% 3.4% | 89.00% 0.0% | 89.00% 0.0% | 89.00% 14.1% |
Research & Development | 1.03B 21.5% | 1.32B 2.2% | 1.35B 4.8% | 1.42B 1.4% | 1.40B 2.5% | 1.36B 5.7% | 1.29B 13.7% | 1.14B 29.2% |
General & Administrative | 471.35M 5.6% | 499.52M 7.1% | 537.98M 7.1% | 502.34M 7.6% | 543.80M 42.4% | 381.84M 20.1% | 317.97M 1.0% | 314.85M 11.7% |
Selling & Marketing | 2.53B 15.2% | 2.99B 0.8% | 3.01B 5.1% | 2.87B 3.9% | 2.76B 15.0% | 3.25B 5.0% | 3.09B 27.0% | 2.44B 47.8% |
SG&A Expenses | 3.00B 13.9% | 3.49B 1.8% | 3.55B 5.4% | 3.37B 2.0% | 3.30B 8.9% | 3.63B 6.4% | 3.41B 24.0% | 2.75B 42.5% |
Other Operating Expenses | -50.07M 82.6% | -288.55M 9.3% | -264.10M 19.4% | -327.51M 11.3% | -294.24M 33.6% | -443.21M 7.2% | -477.70M 4236.0% | -11.02M 228.4% |
Total Operating Expenses | 3.99B 12.4% | 4.55B 3.7% | 4.73B 6.1% | 4.46B 1.1% | 4.41B 3.1% | 4.55B 7.7% | 4.22B 19.2% | 3.54B 26.6% |
Cost and Expenses | 5.72B 5.2% | 6.04B 0.2% | 6.05B 6.2% | 5.69B 4.4% | 5.46B 1.0% | 5.51B 6.3% | 5.18B 18.8% | 4.36B 5.0% |
Operating Income | 552.30M 45.0% | 1.00B 11.8% | 1.14B 2322.8% | 46.95M 96.5% | 1.35B 57.1% | 3.15B 2.7% | 3.24B 12.8% | 2.87B 40.4% |
Operating Margin % | 9.00% 35.7% | 14.00% 12.5% | 16.00% 1500.0% | 1.00% 94.7% | 19.00% 47.2% | 36.00% 5.3% | 38.00% 5.0% | 40.00% 21.2% |
EBITDA | 1.67B 33.8% | 1.25B 9.7% | 1.38B 11.0% | 1.55B 25.7% | 2.09B 33.6% | 3.15B 6.2% | 3.35B 12.9% | 2.97B 38.8% |
EBITDA Margin % | 27.00% 50.0% | 18.00% 5.3% | 19.00% 13.6% | 22.00% 24.1% | 29.00% 19.4% | 36.00% 10.0% | 40.00% 2.4% | 41.00% 20.6% |
Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Interest Income | 641.83M 19.0% | 791.90M 4.7% | 831.01M 47.1% | 565.09M 43.0% | 395.25M 0.8% | 392.16M 15.6% | 464.53M 29.5% | 358.81M 62.9% |
Other Income (Expense) | 937.83M 37.3% | 682.81M 20.6% | 860.14M 40.1% | 1.44B 23.8% | 1.88B 261.8% | 520.49M 11.9% | 465.21M 24.9% | 372.50M 70.6% |
Pre-Tax Income | 1.49B 11.6% | 1.69B 15.6% | 2.00B 13.3% | 1.76B 19.0% | 2.18B 40.7% | 3.67B 0.9% | 3.70B 14.2% | 3.24B 43.3% |
Pre-Tax Margin % | 24.00% 0.0% | 24.00% 14.3% | 28.00% 12.0% | 25.00% 16.7% | 30.00% 28.6% | 42.00% 4.5% | 44.00% 2.2% | 45.00% 25.0% |
Tax Provision | 137.88M 119.0% | 62.96M 12.7% | 72.16M 216.8% | -61.78M 281.7% | 34.01M 87.0% | 260.94M 47.8% | 500.36M 32.4% | 377.89M 41.5% |
Net Income | 1.40B 21.7% | 1.79B 7.4% | 1.94B 0.5% | 1.94B 24.0% | 2.56B 21.8% | 3.28B 2.4% | 3.20B 11.5% | 2.87B 43.4% |
Net Margin % | 22.00% 12.0% | 25.00% 7.4% | 27.00% 3.6% | 28.00% 20.0% | 35.00% 7.9% | 38.00% 0.0% | 38.00% 5.0% | 40.00% 25.0% |
Basic EPS | 45.88 4.7% | 48.16 223.7% | 14.88 2.8% | 14.48 15.8% | 17.20 37.3% | 27.44 1.7% | 26.99 10.6% | 24.40 41.9% |
Diluted EPS | 45.60 14.4% | 53.24 247.5% | 15.32 5.8% | 14.48 15.6% | 17.16 37.2% | 27.32 2.1% | 26.77 11.2% | 24.08 42.1% |
Basic Shares Outstanding | 117.55M 249.5% | 33.64M 73.4% | 126.33M 1.2% | 124.79M 0.1% | 124.97M 4.7% | 119.37M 0.7% | 118.58M 0.8% | 117.67M 1.1% |
Diluted Shares Outstanding | 118.02M 288.1% | 30.41M 75.2% | 122.81M 1.7% | 124.92M 0.2% | 125.12M 4.3% | 119.92M 0.3% | 119.52M 0.2% | 119.24M 1.0% |