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 16, 2026 | 2024 Dec 31, 2024 Apr 16, 2025 | 2023 Dec 31, 2023 Apr 17, 2024 | 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 | 74.63B 82.6% | 40.87B 33.2% | 30.68B 14.2% | 26.86B 28.0% | 20.99B 259.1% | 5.84B 151.8% | 2.32B 23815.3% | 9.71M |
Cost of Revenue | 60.55B 72.9% | 35.02B 15.9% | 30.22B 27.2% | 23.77B 29.4% | 18.37B 229.2% | 5.58B 93.7% | 2.88B 23761.4% | 12.07M |
Gross Profit | 14.08B 140.8% | 5.85B 1195.7% | 451.15M 85.4% | 3.09B 17.8% | 2.62B 886.0% | 265.99M 147.7% | -558.14M 23540.0% | -2.36M |
Gross Margin % | 19.00% 35.7% | 14.00% 1300.0% | 1.00% 91.7% | 12.00% 0.0% | 12.00% 140.0% | 5.00% 120.8% | -24.00% 0.0% | -24.00% |
Research & Development | 9.23B 43.0% | 6.46B 22.4% | 5.28B 1.2% | 5.21B 26.8% | 4.11B 138.4% | 1.73B 16.6% | 2.07B 96.9% | 1.05B |
General & Administrative | 0.00 | 0.00 100.0% | 6.15B 270.3% | 1.66B 61.2% | 1.03B 13.0% | 1.18B 138.5% | 495.97M 52.4% | 325.43M |
Selling & Marketing | 0.00 | 0.00 100.0% | 413.83M 91.8% | 5.03B 17.6% | 4.28B 146.1% | 1.74B 159.9% | 668.60M 110.8% | 317.11M |
SG&A Expenses | 9.14B 33.1% | 6.87B 4.8% | 6.56B 1.9% | 6.69B 26.1% | 5.31B 81.7% | 2.92B 150.8% | 1.16B 81.2% | 642.54M |
Other Operating Expenses | 0.00 100.0% | -823.47M 66.4% | -494.93M 353.4% | -109.17M 49.9% | -217.74M 150.8% | -86.83M 606.3% | -12.29M 32.1% | -18.10M |
Total Operating Expenses | 18.37B 46.9% | 12.50B 10.3% | 11.34B 3.8% | 11.79B 28.2% | 9.20B 101.8% | 4.56B 41.5% | 3.22B 90.4% | 1.69B |
Cost and Expenses | 78.92B 66.1% | 47.52B 14.3% | 41.57B 16.9% | 35.56B 29.0% | 27.57B 171.9% | 10.14B 66.1% | 6.10B 258.0% | 1.70B |
Operating Income | -4.30B 35.5% | -6.66B 38.9% | -10.89B 25.1% | -8.71B 32.3% | -6.58B 53.2% | -4.29B 13.6% | -3.78B 123.1% | -1.69B |
Operating Margin % | -6.00% 62.5% | -16.00% 54.3% | -35.00% 9.4% | -32.00% 3.2% | -31.00% 57.5% | -73.00% 55.2% | -163.00% 99.1% | -17460.00% |
EBITDA | 2.26B 145.5% | -4.97B 38.0% | -8.02B 5.8% | -7.58B 38.9% | -5.45B 140.2% | -2.27B 34.4% | -3.46B 123.0% | -1.55B |
EBITDA Margin % | 3.00% 125.0% | -12.00% 53.8% | -26.00% 7.1% | -28.00% 7.7% | -26.00% 33.3% | -39.00% 73.8% | -149.00% 99.1% | -15987.00% |
Interest Expense | 369.58M 7.4% | 343.98M 28.0% | 268.67M 103.2% | 132.19M 138.9% | 55.34M 146.5% | 22.45M 29.9% | 32.02M 449.9% | 5.82M |
Interest Income | 1.13B 17.7% | 1.37B 9.1% | 1.26B 19.0% | 1.06B 42.5% | 743.03M 458.5% | 133.04M 49.7% | 88.84M 35.9% | 65.38M |
Other Income (Expense) | 3.20B 301.0% | 798.09M 45.0% | 550.47M 233.3% | -412.83M 123.7% | 1.74B 11.5% | 1.56B 1658.1% | 88.90M 69.9% | 295.81M |
Pre-Tax Income | -1.10B 81.3% | -5.86B 43.3% | -10.34B 13.4% | -9.12B 88.5% | -4.84B 77.1% | -2.73B 26.0% | -3.69B 163.9% | -1.40B |
Pre-Tax Margin % | -1.00% 92.9% | -14.00% 58.8% | -34.00% 0.0% | -34.00% 47.8% | -23.00% 51.1% | -47.00% 70.4% | -159.00% 98.9% | -14412.00% |
Tax Provision | 13.21M 81.1% | 69.78M 89.6% | 36.81M 48.8% | 24.73M 4.8% | 25.99M 2025.1% | 1.22M 122200.0% | 1.00K | 0.00 |
Net Income | -1.11B 80.9% | -5.79B 44.2% | -10.38B 13.5% | -9.14B 88.0% | -4.86B 78.0% | -2.73B 26.0% | -3.69B 163.9% | -1.40B |
Net Margin % | -1.00% 92.9% | -14.00% 58.8% | -34.00% 0.0% | -34.00% 47.8% | -23.00% 51.1% | -47.00% 70.4% | -159.00% 98.9% | -14412.00% |
Basic EPS | -2.38 80.6% | -12.24 2.7% | -11.92 11.6% | -10.68 80.4% | -5.92 85.0% | -3.20 25.9% | -4.32 163.4% | -1.64 |
Diluted EPS | -2.38 80.6% | -12.24 2.7% | -11.92 11.6% | -10.68 80.4% | -5.92 85.0% | -3.20 25.9% | -4.32 163.4% | -1.64 |
Basic Shares Outstanding | 476.00M 49.7% | 945.68M 8.6% | 870.46M 1.7% | 856.27M 4.2% | 821.45M 4.0% | 855.26M 0.0% | 855.26M 0.0% | 855.26M |
Diluted Shares Outstanding | 476.00M 49.7% | 945.68M 8.6% | 870.46M 1.7% | 856.27M 4.2% | 821.45M 4.0% | 855.26M 0.0% | 855.26M 0.0% | 855.26M |