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 24, 2026 | 2024 Dec 31, 2024 Apr 17, 2025 | 2023 Dec 31, 2023 Apr 26, 2024 | 2022 Dec 31, 2022 Apr 27, 2023 | 2021 Dec 31, 2021 Apr 19, 2022 | 2020 Dec 31, 2020 Apr 6, 2021 | 2019 Dec 31, 2019 Dec 31, 2019 | 2018 Dec 31, 2018 Dec 31, 2018 |
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Total Revenue | 94.58B 1.2% | 93.46B 20.2% | 77.78B 28.2% | 60.67B 24.9% | 80.75B 14.6% | 70.48B 53.2% | 46.01B 60.6% | 28.65B 12.3% |
Cost of Revenue | 74.37B 5.5% | 70.51B 25.8% | 56.06B 19.6% | 46.89B 27.8% | 64.93B 21.1% | 53.62B 54.3% | 34.75B 59.6% | 21.78B 5.0% |
Gross Profit | 20.21B 11.9% | 22.94B 5.6% | 21.72B 57.6% | 13.78B 12.9% | 15.82B 6.2% | 16.86B 49.6% | 11.27B 64.0% | 6.87B 44.1% |
Gross Margin % | 21.00% 16.0% | 25.00% 10.7% | 28.00% 21.7% | 23.00% 15.0% | 20.00% 16.7% | 24.00% 0.0% | 24.00% 0.0% | 24.00% 26.3% |
Research & Development | 2.58B 13.0% | 2.28B 17.9% | 1.94B 23.9% | 2.55B 20.3% | 3.19B 28.9% | 2.48B 57.7% | 1.57B 134.2% | 670.92M 166.4% |
General & Administrative | 8.08B 9.9% | 8.96B 8.8% | 8.24B 12.1% | 7.35B 17.7% | 8.92B 17.6% | 7.59B 9.4% | 8.38B 70.0% | 4.93B 15.1% |
Selling & Marketing | 7.33B 5.8% | 7.78B 17.0% | 6.65B 45.5% | 4.57B 6.1% | 4.31B 16.0% | 3.72B 19.6% | 3.11B 24.8% | 2.49B 149.3% |
SG&A Expenses | 15.40B 8.0% | 16.74B 12.4% | 14.89B 24.9% | 11.92B 9.9% | 13.23B 17.1% | 11.30B 1.6% | 11.48B 54.8% | 7.42B 40.5% |
Other Operating Expenses | -600.92M 496.5% | 151.58M 62.3% | 93.42M | 0.00 | 0.00 | 0.00 100.0% | -344.81M 21384.6% | 1.62M 77.3% |
Total Operating Expenses | 17.38B 9.4% | 19.18B 13.3% | 16.92B 17.0% | 14.47B 11.9% | 16.43B 19.2% | 13.78B 8.4% | 12.71B 63.9% | 7.75B 45.3% |
Cost and Expenses | 91.75B 2.3% | 89.69B 22.9% | 72.98B 18.9% | 61.35B 24.6% | 81.36B 20.7% | 67.40B 42.0% | 47.46B 60.7% | 29.53B 13.3% |
Operating Income | 2.83B 24.9% | 3.76B 21.5% | 4.80B 504.7% | -1.19B 94.9% | -608.16M 134.2% | 1.78B 274.0% | -1.02B 16.2% | -1.22B 59.4% |
Operating Margin % | 3.00% 25.0% | 4.00% 33.3% | 6.00% 400.0% | -2.00% 100.0% | -1.00% 133.3% | 3.00% 250.0% | -2.00% 50.0% | -4.00% 33.3% |
EBITDA | 5.76B 17.5% | 4.90B 47.4% | 9.31B 1037.7% | 817.87M 7.2% | 762.60M 82.1% | 4.25B 7784.2% | -55.33M 116.4% | 336.77M 53.0% |
EBITDA Margin % | 6.00% 20.0% | 5.00% 58.3% | 12.00% 1100.0% | 1.00% 0.0% | 1.00% 83.3% | 6.00% | 0.00% 100.0% | 1.00% 66.7% |
Interest Expense | 7.42M 74.0% | 28.55M 1.4% | 28.15M 96.2% | 743.48M 6171.0% | 11.86M 93.7% | 188.55M 4.1% | 181.11M 316.0% | 43.54M 0.7% |
Interest Income | 834.50M 35.2% | 1.29B 0.2% | 1.29B 73.7% | 743.48M 109.7% | 354.57M 116.7% | 163.60M 62.6% | 437.87M 153.6% | 172.68M 36.6% |
Other Income (Expense) | 1.85B 40.5% | 3.11B 0.6% | 3.09B 174.3% | 1.13B 54.9% | 2.50B 61.5% | 1.55B 203.1% | 509.78M 29.1% | 718.94M 14.9% |
Pre-Tax Income | 4.68B 31.9% | 6.87B 12.9% | 7.88B 2597.3% | 292.29M 74.4% | 1.14B 74.0% | 4.39B 443.9% | -1.28B 155.6% | -499.06M 260.8% |
Pre-Tax Margin % | 5.00% 28.6% | 7.00% 30.0% | 10.00% | 0.00% 100.0% | 1.00% 83.3% | 6.00% 300.0% | -3.00% 50.0% | -2.00% 100.0% |
Tax Provision | 1.69B 39.6% | 2.79B 40.0% | 1.99B 18.0% | 1.69B 1.4% | 1.67B 3.5% | 1.61B 77.9% | 904.36M 1366.9% | -71.38M 117.9% |
Net Income | 2.99B 26.3% | 4.06B 30.9% | 5.88B 521.0% | -1.40B 166.3% | -524.77M 118.9% | 2.78B 227.4% | -2.18B 366.0% | -467.82M 18.6% |
Net Margin % | 3.00% 25.0% | 4.00% 50.0% | 8.00% 500.0% | -2.00% 100.0% | -1.00% 125.0% | 4.00% 180.0% | -5.00% 150.0% | -2.00% 0.0% |
Basic EPS | 2.67 75.1% | 10.71 27.0% | 14.67 517.9% | -3.51 165.9% | -1.32 112.0% | 11.04 292.7% | -5.73 365.9% | -1.23 18.0% |
Diluted EPS | 2.52 75.7% | 10.35 29.4% | 14.67 517.9% | -3.51 165.9% | -1.32 112.0% | 11.04 301.1% | -5.49 369.2% | -1.17 44.3% |
Basic Shares Outstanding | 1.11B 192.6% | 378.86M 5.5% | 401.04M 1.1% | 396.58M 0.6% | 394.35M 59.4% | 247.36M 35.1% | 381.13M 0.0% | 381.13M 0.0% |
Diluted Shares Outstanding | 1.16B 194.5% | 393.05M 2.1% | 401.29M 1.2% | 396.58M 0.6% | 394.35M 56.5% | 251.93M 36.5% | 396.42M 0.0% | 396.42M 0.0% |