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 10, 2026 | 2024 Dec 31, 2024 Apr 8, 2025 | 2023 Dec 31, 2023 Apr 9, 2024 | 2022 Dec 31, 2022 Apr 28, 2023 | 2021 Dec 31, 2021 Apr 29, 2022 | 2020 Dec 31, 2020 Apr 6, 2021 | 2019 Dec 31, 2019 May 14, 2020 | 2018 Dec 31, 2018 Apr 2, 2019 |
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Total Revenue | 85.10B 29.5% | 65.73B 18.2% | 55.62B 12.9% | 49.27B 36.3% | 36.14B 122.3% | 16.26B 107.8% | 7.82B 58.0% | 4.95B |
Cost of Revenue | 73.51B 24.1% | 59.24B 12.7% | 52.57B 19.1% | 44.12B 50.5% | 29.31B 103.8% | 14.38B 59.4% | 9.02B 73.3% | 5.21B |
Gross Profit | 11.59B 78.5% | 6.49B 112.8% | 3.05B 40.7% | 5.14B 24.6% | 6.82B 264.1% | 1.87B 256.3% | -1.20B 368.5% | -255.88M |
Gross Margin % | 14.00% 40.0% | 10.00% 100.0% | 5.00% 50.0% | 10.00% 47.4% | 19.00% 58.3% | 12.00% 180.0% | -15.00% 200.0% | -5.00% |
Research & Development | 10.32B 20.9% | 13.04B 2.9% | 13.43B 23.9% | 10.84B 136.0% | 4.59B 84.6% | 2.49B 43.8% | 4.43B 10.8% | 4.00B 53.6% |
General & Administrative | 0.00 100.0% | 12.17B 30.8% | 9.31B 17.1% | 7.94B 63.5% | 4.86B 70.4% | 2.85B 29.9% | 4.07B 3.4% | 3.93B 131.6% |
Selling & Marketing | 0.00 100.0% | 3.41B 29.0% | 2.64B 48.8% | 1.78B 24.3% | 1.43B 111.6% | 675.14M 17.5% | 818.05M 29.4% | 1.16B 121.3% |
SG&A Expenses | 15.65B 0.4% | 15.58B 30.4% | 11.95B 22.9% | 9.72B 54.6% | 6.29B 78.3% | 3.53B 27.8% | 4.89B 4.0% | 5.09B 129.2% |
Other Operating Expenses | 6.99 100.0% | -252.43M 177.0% | 327.83M 155.7% | -588.73M 286.7% | -152.25M 349.5% | 61.02M 7.8% | 66.16M 409.9% | -21.35M 63.6% |
Total Operating Expenses | 25.97B 8.5% | 28.37B 10.3% | 25.71B 23.7% | 20.78B 83.6% | 11.32B 74.6% | 6.48B 34.4% | 9.88B 5.8% | 9.34B 88.5% |
Cost and Expenses | 99.48B 13.6% | 87.61B 11.9% | 78.27B 20.6% | 64.91B 59.7% | 40.63B 94.7% | 20.87B 10.4% | 18.90B 30.0% | 14.55B 193.7% |
Operating Income | -14.37B 34.3% | -21.87B 3.4% | -22.66B 44.8% | -15.64B 247.9% | -4.50B 2.4% | -4.61B 58.4% | -11.08B 15.5% | -9.60B 93.7% |
Operating Margin % | -17.00% 48.5% | -33.00% 19.5% | -41.00% 28.1% | -32.00% 166.7% | -12.00% 57.1% | -28.00% 80.3% | -142.00% 26.8% | -194.00% |
EBITDA | -4.18B 70.0% | -13.93B 8.1% | -15.15B 18.5% | -12.79B 1197.8% | -985.36M 70.4% | -3.33B 64.6% | -9.40B 3.0% | -9.12B 88.8% |
EBITDA Margin % | -5.00% 76.2% | -21.00% 22.2% | -27.00% 3.8% | -26.00% 766.7% | -3.00% 85.0% | -20.00% 83.3% | -120.00% 34.8% | -184.00% |
Interest Expense | 861.13M 7.9% | 798.36M 97.8% | 403.53M 21.1% | 333.22M 47.7% | 637.41M 49.6% | 426.01M 15.0% | 370.54M 199.7% | 123.64M 583.7% |
Interest Income | 740.91M 13.2% | 853.73M 61.4% | 2.21B 62.7% | 1.36B 49.0% | 911.83M 446.3% | 166.90M 4.1% | 160.28M 20.2% | 133.38M 603.1% |
Other Income (Expense) | -42.49M 92.3% | -550.45M 125.1% | 2.20B 74.5% | 1.26B 141.3% | 521.62M 175.6% | -690.07M 230.8% | -208.57M 878.0% | -21.33M 64.3% |
Pre-Tax Income | -14.42B 35.7% | -22.42B 9.6% | -20.46B 42.3% | -14.38B 261.8% | -3.97B 25.0% | -5.30B 53.1% | -11.29B 17.4% | -9.62B 91.8% |
Pre-Tax Margin % | -17.00% 50.0% | -34.00% 8.1% | -37.00% 27.6% | -29.00% 163.6% | -11.00% 66.7% | -33.00% 77.1% | -144.00% 25.8% | -194.00% |
Tax Provision | 118.56M 619.7% | -22.82M 108.7% | 260.83M 373.4% | 55.10M 30.4% | 42.27M 563.7% | 6.37M 19.3% | 7.89M 64.2% | 22.04M 178.8% |
Net Income | -14.55B 35.8% | -22.66B 7.1% | -21.15B 46.5% | -14.44B 259.4% | -4.02B 24.3% | -5.30B 53.0% | -11.30B 16.9% | -9.66B 93.8% |
Net Margin % | -17.00% 50.0% | -34.00% 10.5% | -38.00% 31.0% | -29.00% 163.6% | -11.00% 66.7% | -33.00% 77.1% | -144.00% 26.2% | -195.00% |
Basic EPS | -6.64 39.8% | -11.03 11.3% | -12.44 41.0% | -8.82 245.9% | -2.55 43.1% | -4.48 59.2% | -10.97 18.1% | -9.29 771.8% |
Diluted EPS | -6.64 39.8% | -11.03 11.3% | -12.44 41.0% | -8.82 245.9% | -2.55 43.1% | -4.48 59.2% | -10.97 18.1% | -9.29 768.2% |
Basic Shares Outstanding | 2.27B 10.6% | 2.06B 20.9% | 1.70B 3.9% | 1.64B 4.1% | 1.57B 33.0% | 1.18B 14.8% | 1.03B 0.9% | 1.04B 1.0% |
Diluted Shares Outstanding | 2.27B 10.6% | 2.06B 20.9% | 1.70B 3.9% | 1.64B 4.1% | 1.57B 33.0% | 1.18B 14.8% | 1.03B 0.9% | 1.04B 1.0% |