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 17, 2026 | 2024 Dec 31, 2024 Apr 23, 2025 | 2023 Dec 31, 2023 Apr 18, 2024 | 2022 Dec 31, 2022 Apr 25, 2023 | 2021 Dec 31, 2021 Apr 26, 2022 | 2020 Dec 31, 2020 Apr 9, 2021 | 2019 Dec 31, 2019 Mar 25, 2020 | 2018 Dec 31, 2018 Apr 19, 2019 |
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Total Revenue | 32.90B 15.8% | 28.40B 2.3% | 27.75B 2.1% | 28.34B 9.3% | 31.24B 7.2% | 29.15B 14.6% | 25.43B 34.0% | 18.98B 72.9% |
Cost of Revenue | 18.37B 12.2% | 16.38B 8.8% | 17.96B 8.2% | 19.57B 10.4% | 21.84B 10.0% | 19.85B 18.4% | 16.76B 43.2% | 11.71B 63.3% |
Gross Profit | 14.54B 20.9% | 12.03B 22.8% | 9.79B 11.6% | 8.77B 6.7% | 9.40B 1.1% | 9.30B 7.3% | 8.67B 19.2% | 7.28B 91.0% |
Gross Margin % | 44.00% 4.8% | 42.00% 20.0% | 35.00% 12.9% | 31.00% 3.3% | 30.00% 6.3% | 32.00% 5.9% | 34.00% 10.5% | 38.00% 8.6% |
Research & Development | 2.32B | 0.00 100.0% | 2.52B 2.1% | 2.58B 10.3% | 2.34B 40.3% | 1.67B 43.8% | 1.16B 23.7% | 937.00M 17.6% |
General & Administrative | 1.60B 58.0% | 3.81B 7.5% | 4.12B 6.6% | 4.41B 10.1% | 4.01B 29.3% | 3.10B 14.7% | 2.70B 19.7% | 2.26B 48.5% |
Selling & Marketing | 941.00M 8.8% | 865.00M 3.6% | 897.00M 21.6% | 1.14B 57.3% | 2.68B 8.2% | 2.48B 21.3% | 2.04B 19.1% | 1.71B 87.7% |
SG&A Expenses | 2.54B 45.7% | 4.68B 6.8% | 5.02B 9.7% | 5.56B 16.9% | 6.69B 19.9% | 5.58B 17.5% | 4.74B 19.4% | 3.97B 63.2% |
Other Operating Expenses | -59.00M 95.7% | -1.36B 64.3% | -3.81B 837.8% | 516.00M 6.7% | 553.00M 52.8% | 362.00M 364.1% | 78.00M 104.9% | -1.58B 26483.3% |
Total Operating Expenses | 4.80B 44.7% | 3.31B 11.3% | 3.74B 32.8% | 5.56B 16.9% | 6.69B 19.9% | 5.58B 17.5% | 4.74B 19.4% | 3.97B 65.2% |
Cost and Expenses | 23.16B 17.6% | 19.69B 9.2% | 21.69B 13.7% | 25.12B 11.9% | 28.53B 12.2% | 25.43B 18.2% | 21.50B 37.1% | 15.68B 63.8% |
Operating Income | 9.74B 11.8% | 8.71B 43.8% | 6.06B 36.4% | 4.44B 61.4% | 2.75B 41.6% | 4.71B 1.9% | 4.62B 126.7% | 2.04B 28.0% |
Operating Margin % | 30.00% 3.2% | 31.00% 40.9% | 22.00% 37.5% | 16.00% 77.8% | 9.00% 43.8% | 16.00% 11.1% | 18.00% 63.6% | 11.00% 26.7% |
EBITDA | 14.77B 79.4% | 8.23B 14.8% | 7.17B 27.0% | 5.65B 18.8% | 4.75B 14.4% | 5.55B 7.0% | 5.19B 115.7% | 2.41B 21.8% |
EBITDA Margin % | 45.00% 55.2% | 29.00% 11.5% | 26.00% 30.0% | 20.00% 33.3% | 15.00% 21.1% | 19.00% 5.0% | 20.00% 53.8% | 13.00% 27.8% |
Interest Expense | 122.00M 1.6% | 124.00M 0.0% | 124.00M 7.8% | 115.00M 5.0% | 121.00M 24.7% | 97.00M 51.6% | 64.00M 82.9% | 35.00M |
Interest Income | 1.05B 11.9% | 1.20B 13.7% | 1.05B 48.0% | 711.00M 34.2% | 530.00M 14.8% | 622.00M 1.1% | 615.00M 118.1% | 282.00M 203.2% |
Other Income (Expense) | 3.54B 176900.0% | 2.00M 114.3% | -14.00M 80.0% | -70.00M 58.3% | -168.00M 115.4% | -78.00M 4.9% | -82.00M 127.8% | -36.00M 119.5% |
Pre-Tax Income | 13.28B 52.4% | 8.71B 44.1% | 6.04B 38.2% | 4.37B 20.4% | 3.63B 21.6% | 4.63B 2.0% | 4.54B 126.7% | 2.00B 25.4% |
Pre-Tax Margin % | 40.00% 29.0% | 31.00% 40.9% | 22.00% 46.7% | 15.00% 25.0% | 12.00% 25.0% | 16.00% 11.1% | 18.00% 63.6% | 11.00% 26.7% |
Tax Provision | 1.92B 20.0% | 1.60B 94.3% | 825.00M 54.5% | 534.00M 28.1% | 417.00M 8.6% | 456.00M 19.0% | 563.00M 229.2% | 171.00M 38.5% |
Net Income | 11.06B 66.4% | 6.64B 35.0% | 4.92B 33.8% | 3.68B 21.4% | 3.03B 27.1% | 4.16B 4.3% | 3.98B 117.2% | 1.83B 38.2% |
Net Margin % | 34.00% 47.8% | 23.00% 27.8% | 18.00% 38.5% | 13.00% 30.0% | 10.00% 28.6% | 14.00% 12.5% | 16.00% 60.0% | 10.00% 16.7% |
Basic EPS | 7.00 65.1% | 4.24 36.8% | 3.10 169.6% | 1.15 36.8% | 1.82 27.2% | 2.50 2.9% | 2.43 104.2% | 1.19 45.1% |
Diluted EPS | 6.92 63.2% | 4.24 35.9% | 3.12 173.7% | 1.14 36.7% | 1.80 27.4% | 2.48 4.2% | 2.38 105.2% | 1.16 43.2% |
Basic Shares Outstanding | 1.53B 2.1% | 1.57B 1.3% | 1.59B 0.9% | 1.60B 3.5% | 1.66B 0.2% | 1.66B 1.2% | 1.64B 6.4% | 1.54B 5.3% |
Diluted Shares Outstanding | 1.55B 0.7% | 1.57B 1.2% | 1.58B 2.0% | 1.62B 3.8% | 1.68B 0.1% | 1.68B 0.4% | 1.67B 6.0% | 1.58B 3.5% |