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 28, 2026 | 2024 Dec 31, 2024 Apr 11, 2025 | 2023 Dec 31, 2023 Apr 29, 2024 | 2022 Dec 31, 2022 Mar 27, 2023 | 2021 Dec 31, 2021 Apr 27, 2022 | 2020 Dec 31, 2020 Mar 15, 2021 | 2019 Dec 31, 2019 Apr 9, 2020 | 2018 Dec 31, 2018 Mar 15, 2019 |
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Total Revenue | 60.71B 13.9% | 53.29B 19.7% | 44.51B 122.1% | 20.04B 0.1% | 20.02B 9.3% | 18.32B 48.6% | 35.67B 15.2% | 30.96B 15.6% |
Cost of Revenue | 11.79B 18.0% | 9.99B 23.0% | 8.12B 79.9% | 4.51B 1.8% | 4.60B 14.1% | 4.03B 45.3% | 7.37B 16.6% | 6.32B 35.2% |
Gross Profit | 48.92B 13.0% | 43.30B 19.0% | 36.39B 134.4% | 15.53B 0.7% | 15.43B 8.0% | 14.29B 49.5% | 28.29B 14.8% | 24.64B 11.5% |
Gross Margin % | 81.00% 0.0% | 81.00% 1.2% | 82.00% 6.5% | 77.00% 0.0% | 77.00% 1.3% | 78.00% 1.3% | 79.00% 1.3% | 80.00% 3.6% |
Research & Development | 14.72B 12.1% | 13.14B 8.4% | 12.12B 45.3% | 8.34B 7.2% | 8.99B 17.3% | 7.67B 28.1% | 10.67B 10.9% | 9.62B 16.5% |
General & Administrative | 0.00 100.0% | 4.09B 9.2% | 3.74B 31.5% | 2.85B 2.6% | 2.92B 19.6% | 3.64B 10.6% | 3.29B 16.6% | 2.82B 7.6% |
Selling & Marketing | 0.00 100.0% | 11.90B 29.3% | 9.20B 116.5% | 4.25B 13.7% | 4.92B 11.7% | 4.41B 52.6% | 9.29B 3.1% | 9.60B 15.7% |
SG&A Expenses | 18.85B 17.9% | 15.99B 23.5% | 12.95B 82.4% | 7.10B 9.5% | 7.84B 2.4% | 8.04B 36.1% | 12.58B 1.4% | 12.42B 13.7% |
Other Operating Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Total Operating Expenses | 33.57B 15.3% | 29.13B 16.2% | 25.07B 62.4% | 15.44B 8.3% | 16.84B 7.2% | 15.71B 32.5% | 23.25B 5.5% | 22.04B 14.9% |
Cost and Expenses | 45.37B 16.0% | 39.12B 17.9% | 33.19B 66.3% | 19.95B 6.9% | 21.43B 8.6% | 19.74B 35.5% | 30.63B 8.0% | 28.36B 18.9% |
Operating Income | 15.34B 8.2% | 14.18B 25.2% | 11.32B 296.2% | 2.86B 995.9% | -319.00M 70.3% | -1.07B 111.5% | 9.31B 257.5% | 2.60B 11.0% |
Operating Margin % | 25.00% 7.4% | 27.00% 8.0% | 25.00% 78.6% | 14.00% 800.0% | -2.00% 66.7% | -6.00% 123.1% | 26.00% 225.0% | 8.00% 27.3% |
EBITDA | 39.78B 165.4% | 14.99B 23.5% | 12.14B 13693.2% | 88.00M 92.0% | 1.09B 122.8% | 491.00M 92.0% | 6.13B 71.1% | 3.58B 6.3% |
EBITDA Margin % | 66.00% 135.7% | 28.00% 3.7% | 27.00% | 0.00% 100.0% | 5.00% 66.7% | 3.00% 82.4% | 17.00% 41.7% | 12.00% 14.3% |
Interest Expense | 825.87M 52.4% | 1.74B 16.1% | 2.07B 36.5% | 1.51B 3.3% | 1.56B 8.8% | 1.72B 2.3% | 1.68B 11.2% | 1.51B 17.2% |
Interest Income | 2.53B 8.2% | 2.34B 12.0% | 2.09B 2.2% | 2.05B 4.0% | 2.13B 2.5% | 2.19B 4.4% | 2.09B 10.3% | 1.90B 92.3% |
Other Income (Expense) | 22.79B 303.1% | 5.65B 978.0% | -644.00M 125.3% | 2.55B 145.8% | 1.04B 169.5% | -1.49B 159.8% | -574.00M 19.8% | -716.00M 238.8% |
Pre-Tax Income | 38.13B 92.3% | 19.83B 85.7% | 10.68B 305.3% | 2.63B 659.4% | -471.00M 61.6% | -1.23B 113.5% | 9.09B 373.0% | 1.92B 45.2% |
Pre-Tax Margin % | 63.00% 70.3% | 37.00% 54.2% | 24.00% 84.6% | 13.00% 750.0% | -2.00% 71.4% | -7.00% 128.0% | 25.00% 316.7% | 6.00% 53.8% |
Tax Provision | 5.66B 117.2% | 2.60B 48.8% | 1.75B 156.6% | 682.00M 152.6% | 270.00M 23.9% | 355.00M 79.6% | 1.74B 119.7% | 793.00M 38.1% |
Net Income | 32.39B 89.8% | 17.07B 72.1% | 9.92B 407.8% | 1.95B 363.6% | -741.00M 53.1% | -1.58B 122.5% | 7.01B 530.5% | 1.11B 48.1% |
Net Margin % | 53.00% 65.6% | 32.00% 45.5% | 22.00% 120.0% | 10.00% 350.0% | -4.00% 55.6% | -9.00% 145.0% | 20.00% 400.0% | 4.00% 50.0% |
Basic EPS | 49.23 98.7% | 24.78 67.7% | 14.78 379.9% | 3.08 363.2% | -1.17 55.5% | -2.63 121.3% | 12.35 508.4% | 2.03 49.8% |
Diluted EPS | 46.36 87.1% | 24.78 67.7% | 14.78 379.9% | 3.08 363.2% | -1.17 55.5% | -2.63 124.1% | 10.92 457.1% | 1.96 48.7% |
Basic Shares Outstanding | 657.75M 0.6% | 654.03M 2.5% | 670.99M 5.8% | 634.11M 0.3% | 632.18M 5.2% | 600.89M 6.4% | 641.95M 17.3% | 547.23M 3.2% |
Diluted Shares Outstanding | 698.38M 1.4% | 688.71M 2.6% | 671.06M 5.8% | 634.11M 0.0% | 634.11M 5.5% | 600.89M 6.4% | 641.95M 13.1% | 567.40M 1.2% |