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 25, 2025 | 2023 Dec 31, 2023 Apr 23, 2024 | 2022 Dec 31, 2022 Apr 27, 2023 | 2021 Dec 31, 2021 Apr 27, 2022 | 2020 Dec 31, 2020 Apr 23, 2021 | 2019 Dec 31, 2019 Apr 21, 2020 | 2018 Dec 31, 2018 Apr 19, 2019 |
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Total Revenue | 24.62B 3.0% | 23.89B 9.2% | 21.88B 57.9% | 13.86B 8.4% | 12.79B 25.4% | 10.20B 9.1% | 11.21B 11.4% | 10.06B 23.2% |
Cost of Revenue | 14.92B 6.3% | 14.03B 2.2% | 14.34B 17.0% | 12.26B 8.6% | 11.29B 16.0% | 9.73B 35.3% | 7.19B 11.0% | 6.48B 14.1% |
Gross Profit | 9.70B 1.7% | 9.86B 30.8% | 7.54B 370.7% | 1.60B 6.7% | 1.50B 221.4% | 467.00M 88.4% | 4.02B 12.1% | 3.59B 43.7% |
Gross Margin % | 39.00% 4.9% | 41.00% 20.6% | 34.00% 183.3% | 12.00% 0.0% | 12.00% 140.0% | 5.00% 86.1% | 36.00% 0.0% | 36.00% 16.1% |
Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
General & Administrative | 2.26B 9.8% | 2.51B 18.5% | 2.12B 26.4% | 1.68B 8.3% | 1.55B 22.9% | 1.26B 18.7% | 1.06B 2.7% | 1.09B 57.7% |
Selling & Marketing | 1.27B 8.0% | 1.18B 9.7% | 1.07B 74.9% | 613.00M 4.4% | 641.00M 7.4% | 597.00M 40.1% | 426.00M 22.4% | 348.00M 61.9% |
SG&A Expenses | 3.53B 4.1% | 3.68B 15.5% | 3.19B 39.4% | 2.29B 4.6% | 2.19B 17.9% | 1.86B 24.8% | 1.49B 3.4% | 1.44B 58.7% |
Other Operating Expenses | -96.23M 109.9% | 976.00M 369.6% | -362.00M 7.7% | -392.00M 53.9% | -851.00M 507.9% | -140.00M 132.8% | 427.00M 110.3% | 203.00M 24.0% |
Total Operating Expenses | 3.44B 26.3% | 4.66B 64.8% | 2.83B 49.1% | 1.90B 41.8% | 1.34B 22.1% | 1.72B 10.3% | 1.91B 54.0% | 1.24B 17.4% |
Cost and Expenses | 18.36B 1.8% | 18.69B 8.9% | 17.17B 21.3% | 14.16B 12.1% | 12.62B 10.3% | 11.45B 25.7% | 9.10B 17.9% | 7.72B 14.6% |
Operating Income | 6.26B 20.4% | 5.20B 10.3% | 4.71B 2492.9% | -197.00M 148.0% | 410.00M 133.6% | -1.22B 157.8% | 2.11B 10.1% | 2.34B 63.1% |
Operating Margin % | 25.00% 13.6% | 22.00% 0.0% | 22.00% 2300.0% | -1.00% 133.3% | 3.00% 125.0% | -12.00% 163.2% | 19.00% 17.4% | 23.00% 27.8% |
EBITDA | 8.56B 31.0% | 6.54B 8.5% | 7.15B 1202.0% | 549.00M 67.1% | 1.67B 534.1% | -384.00M 112.4% | 3.10B 0.3% | 3.11B 40.3% |
EBITDA Margin % | 35.00% 29.6% | 27.00% 18.2% | 33.00% 725.0% | 4.00% 69.2% | 13.00% 425.0% | -4.00% 114.3% | 28.00% 9.7% | 31.00% 14.8% |
Interest Expense | 327.82M 3.1% | 318.00M 17.4% | 385.00M 5.9% | 409.00M 1.0% | 405.00M 24.0% | 533.00M 69.2% | 315.00M 29.1% | 244.00M 180.5% |
Interest Income | 216.92M 3.3% | 210.00M 15.3% | 248.00M 185.1% | 87.00M 2.2% | 89.00M 25.2% | 119.00M 25.6% | 160.00M 8.1% | 148.00M 31.0% |
Other Income (Expense) | 817.11M 287.4% | -436.00M 170.2% | 621.00M 147.3% | -1.31B 129.4% | -572.00M 3.5% | -593.00M 229.8% | 457.00M 148.1% | -951.00M 656.5% |
Pre-Tax Income | 7.08B 48.6% | 4.76B 10.7% | 5.33B 432.2% | -1.61B 293.6% | -408.00M 82.1% | -2.28B 188.8% | 2.56B 84.1% | 1.39B 13.4% |
Pre-Tax Margin % | 29.00% 45.0% | 20.00% 16.7% | 24.00% 300.0% | -12.00% 300.0% | -3.00% 86.4% | -22.00% 195.7% | 23.00% 64.3% | 14.00% 30.0% |
Tax Provision | 2.10B 26.5% | 1.66B 38.0% | 1.20B 481.6% | 207.00M 1625.0% | 12.00M 105.6% | -215.00M 133.6% | 640.00M 12.5% | 569.00M 58.1% |
Net Income | 4.94B 62.1% | 3.05B 25.4% | 4.08B 325.3% | -1.81B 331.7% | -420.00M 79.7% | -2.06B 216.7% | 1.77B 147.1% | 716.00M 42.1% |
Net Margin % | 20.00% 53.8% | 13.00% 31.6% | 19.00% 246.2% | -13.00% 333.3% | -3.00% 85.0% | -20.00% 225.0% | 16.00% 128.6% | 7.00% 53.3% |
Basic EPS | 16.10 64.3% | 9.80 21.9% | 12.55 315.3% | -5.83 331.9% | -1.35 80.9% | -7.06 213.5% | 6.22 163.6% | 2.36 46.7% |
Diluted EPS | 15.20 58.3% | 9.60 21.2% | 12.19 309.1% | -5.83 331.9% | -1.35 80.9% | -7.05 221.3% | 5.81 146.2% | 2.36 44.3% |
Basic Shares Outstanding | 307.09M 1.4% | 311.51M 4.3% | 325.58M 4.6% | 311.12M 0.4% | 310.00M 6.1% | 292.27M 1.8% | 297.58M 2.0% | 303.61M 8.7% |
Diluted Shares Outstanding | 324.75M 0.9% | 327.83M 2.2% | 335.14M 7.7% | 311.12M 0.1% | 311.41M 6.4% | 292.74M 3.8% | 304.31M 0.2% | 303.61M 3.6% |