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 Dec 31, 2025 | 2024 Dec 31, 2024 Dec 31, 2024 | 2023 Dec 31, 2023 Dec 31, 2023 | 2022 Dec 31, 2022 Dec 31, 2022 | 2021 Dec 31, 2021 Dec 31, 2021 | 2020 Dec 31, 2020 Dec 31, 2020 | 2019 Dec 31, 2019 Dec 31, 2019 | 2018 Dec 31, 2018 Dec 31, 2018 |
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Total Revenue | 57.94B 1.9% | 59.05B 18.4% | 72.40B 12.8% | 82.99B 7.8% | 90.06B 50.0% | 60.05B 38.5% | 43.36B 11.9% | 38.73B 24.6% |
Cost of Revenue | 49.49B 1.9% | 50.46B 20.4% | 63.38B 9.3% | 69.85B 4.7% | 73.30B 52.9% | 47.94B 58.6% | 30.24B 25.2% | 24.15B 14.9% |
Gross Profit | 8.45B 1.7% | 8.60B 4.7% | 9.02B 31.4% | 13.15B 21.6% | 16.76B 38.3% | 12.11B 7.7% | 13.12B 10.0% | 14.58B 45.1% |
Gross Margin % | 15.00% 0.0% | 15.00% 25.0% | 12.00% 25.0% | 16.00% 15.8% | 19.00% 5.0% | 20.00% 33.3% | 30.00% 21.1% | 38.00% 18.8% |
Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
General & Administrative | 2.54B 13.1% | 2.92B 24.6% | 3.87B 9.9% | 4.29B 6.9% | 4.61B 31.6% | 3.50B 14.9% | 3.05B 26.1% | 2.42B 12.8% |
Selling & Marketing | 2.19B 4.3% | 2.29B 22.8% | 2.96B 13.2% | 2.62B 10.0% | 2.38B 48.6% | 1.60B 22.9% | 1.30B 23.8% | 1.05B 7.6% |
SG&A Expenses | 4.72B 9.2% | 5.20B 23.8% | 6.83B 1.2% | 6.91B 2.0% | 7.05B 37.5% | 5.13B 17.7% | 4.36B 25.6% | 3.47B 11.2% |
Other Operating Expenses | -450.31M 4.9% | -473.39M | 0.00 100.0% | 312.36M 828.4% | 33.65M 74.3% | 130.79M 1991.1% | -6.92M 80.9% | -36.15M 88.6% |
Total Operating Expenses | 4.27B 9.7% | 4.73B 30.7% | 6.83B 108.1% | 3.28B 23.2% | 4.27B 21.3% | 3.52B 372.8% | 745.21M 66.2% | 2.20B 300.1% |
Cost and Expenses | 53.77B 2.6% | 55.19B 21.4% | 70.21B 4.0% | 73.13B 5.7% | 77.58B 50.7% | 51.46B 66.1% | 30.98B 17.6% | 26.35B 22.1% |
Operating Income | 4.18B 8.1% | 3.87B 96.2% | 1.97B 68.4% | 6.23B 35.0% | 9.58B 69.2% | 5.66B 35.3% | 8.76B 21.0% | 11.08B 67.4% |
Operating Margin % | 7.00% 0.0% | 7.00% 133.3% | 3.00% 62.5% | 8.00% 27.3% | 11.00% 22.2% | 9.00% 55.0% | 20.00% 31.0% | 29.00% 38.1% |
EBITDA | 7.77B 0.5% | 7.73B 177.1% | 2.79B 58.4% | 6.70B 33.1% | 10.02B 63.6% | 6.12B 33.2% | 9.17B 19.9% | 11.45B 64.1% |
EBITDA Margin % | 13.00% 0.0% | 13.00% 225.0% | 4.00% 50.0% | 8.00% 27.3% | 11.00% 10.0% | 10.00% 52.4% | 21.00% 30.0% | 30.00% 36.4% |
Interest Expense | 2.23B 12.1% | 2.53B 15.9% | 3.01B 11.2% | 2.71B 2.7% | 2.79B 2.2% | 2.73B 20.2% | 2.27B 6.3% | 2.42B 43.0% |
Interest Income | 896.27M 16.3% | 1.07B 43.7% | 1.90B 1695.6% | 105.79M 54.3% | 231.28M 78.0% | 1.05B 120.3% | 478.11M 28.0% | 664.41M 1.2% |
Other Income (Expense) | 653.97M 14.3% | 572.16M 112.0% | -4.78B 235.5% | 3.53B 17.3% | 3.01B 13.2% | 2.66B 35.1% | 4.10B 543.7% | 636.56M 71.2% |
Pre-Tax Income | 4.83B 8.9% | 4.44B 257.8% | -2.81B 128.8% | 9.76B 23.3% | 12.71B 31.8% | 9.64B 25.0% | 12.85B 9.7% | 11.71B 32.7% |
Pre-Tax Margin % | 8.00% 0.0% | 8.00% 300.0% | -4.00% 133.3% | 12.00% 14.3% | 14.00% 12.5% | 16.00% 46.7% | 30.00% 0.0% | 30.00% 7.1% |
Tax Provision | 2.70B 20.8% | 2.24B 9.4% | 2.05B 54.9% | 4.54B 9.4% | 5.01B 45.2% | 3.45B 17.8% | 4.20B 3.3% | 4.34B 18.1% |
Net Income | 1.22B 14.5% | 1.06B 115.4% | -6.90B 447.6% | 1.98B 57.7% | 4.69B 20.8% | 3.88B 39.9% | 6.45B 23.8% | 5.21B 31.0% |
Net Margin % | 2.00% 0.0% | 2.00% 120.0% | -10.00% 600.0% | 2.00% 60.0% | 5.00% 16.7% | 6.00% 60.0% | 15.00% 15.4% | 13.00% 0.0% |
Basic EPS | 2.10 45.5% | 3.85 114.8% | -26.00 425.0% | 8.00 56.8% | 18.50 15.6% | 16.00 42.9% | 28.00 24.4% | 22.50 21.6% |
Diluted EPS | 2.10 46.8% | 3.95 115.2% | -26.00 425.0% | 8.00 56.8% | 18.50 15.6% | 16.00 41.8% | 27.50 22.2% | 22.50 25.0% |
Basic Shares Outstanding | 270.14M 2.9% | 278.13M 4.1% | 267.22M 4.8% | 255.09M 0.5% | 253.83M 4.2% | 243.60M 4.5% | 233.00M 1.2% | 230.14M 7.8% |
Diluted Shares Outstanding | 270.14M 0.1% | 269.99M 1.0% | 267.22M 4.8% | 255.09M 0.4% | 254.12M 3.7% | 245.16M 4.7% | 234.06M 1.2% | 231.28M 4.5% |