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 Dec 31, 2025 | 2024 Dec 31, 2024 Dec 31, 2024 | 2023 Dec 31, 2023 Dec 31, 2023 | 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 | 129.97B 7.1% | 121.30B 2.4% | 124.25B 1.1% | 122.95B 7.4% | 114.52B 12.9% | 101.45B 11.8% | 90.74B 6.1% | 85.51B 21.4% |
Cost of Revenue | 94.19B 25.1% | 75.31B 2.5% | 73.45B 4.9% | 77.23B 4.1% | 74.16B 6.9% | 69.38B 21.7% | 57.01B 0.6% | 57.37B 23.5% |
Gross Profit | 35.78B 22.2% | 45.99B 9.5% | 50.80B 11.1% | 45.73B 13.3% | 40.36B 25.8% | 32.07B 4.9% | 33.73B 19.8% | 28.15B 16.8% |
Gross Margin % | 28.00% 26.3% | 38.00% 7.3% | 41.00% 10.8% | 37.00% 5.7% | 35.00% 9.4% | 32.00% 13.5% | 37.00% 12.1% | 33.00% 6.5% |
Research & Development | 19.34B 19.5% | 24.03B 5.0% | 25.29B 17.1% | 21.60B 14.9% | 18.80B 27.1% | 14.80B 17.9% | 12.55B 15.1% | 10.91B 15.9% |
General & Administrative | 1.42B 16.6% | 1.71B 15.5% | 2.02B 15.1% | 2.38B 7.2% | 2.56B 9.1% | 2.35B 2.5% | 2.29B 68.6% | 1.36B 53.0% |
Selling & Marketing | 4.48B 33.0% | 3.37B 25.0% | 4.49B 51.0% | 9.17B 5.0% | 8.73B 15.2% | 7.58B 3.7% | 7.87B 13.4% | 9.08B 24.9% |
SG&A Expenses | 5.90B 16.3% | 5.07B 22.1% | 6.51B 43.6% | 11.55B 2.3% | 11.30B 13.8% | 9.93B 2.3% | 10.16B 2.7% | 10.44B 19.6% |
Other Operating Expenses | 7.51B 0.5% | 7.54B 13.7% | 8.74B 334.4% | 2.01B 16.5% | 1.73B 1.7% | 1.76B 2.5% | 1.71B 102.2% | 848.22M 2594.3% |
Total Operating Expenses | 32.75B 10.6% | 36.65B 9.6% | 40.54B 15.3% | 35.17B 10.5% | 31.83B 20.2% | 26.48B 8.4% | 24.42B 10.0% | 22.20B 14.8% |
Cost and Expenses | 126.95B 13.4% | 111.96B 1.8% | 113.99B 1.4% | 112.39B 6.0% | 105.99B 10.6% | 95.86B 17.7% | 81.43B 2.3% | 79.57B 21.3% |
Operating Income | 3.03B 67.6% | 9.34B 8.9% | 10.26B 24.6% | 13.60B 56.7% | 8.68B 15.6% | 7.51B 25.9% | 10.13B 1798.0% | 533.82M 92.1% |
Operating Margin % | 2.00% 75.0% | 8.00% 0.0% | 8.00% 27.3% | 11.00% 37.5% | 8.00% 14.3% | 7.00% 36.4% | 11.00% 1000.0% | 1.00% 83.3% |
EBITDA | 7.66B 56.6% | 17.65B 3.2% | 18.23B 20.5% | 15.13B 2.4% | 14.78B 32.8% | 11.13B 17.8% | 13.55B 638.9% | -2.51B 122.9% |
EBITDA Margin % | 6.00% 60.0% | 15.00% 0.0% | 15.00% 25.0% | 12.00% 7.7% | 13.00% 18.2% | 11.00% 26.7% | 15.00% 600.0% | -3.00% 130.0% |
Interest Expense | 3.78B 9.8% | 3.45B 2.4% | 3.37B 73.1% | 1.95B 31.4% | 1.48B 1.0% | 1.50B 13.0% | 1.72B 29.3% | 1.33B 14.8% |
Interest Income | 4.25B 3.4% | 4.40B 7.7% | 4.08B 67.4% | 2.44B 63.0% | 1.50B 20.9% | 1.24B 32.9% | 931.93M 24.5% | 748.81M 17.5% |
Other Income (Expense) | 3.11B 2866.9% | -112.58M 103.8% | -55.24M 98.9% | -4.85B 2635.3% | -177.18M 92.7% | -2.44B 17.8% | -2.97B 55.9% | -6.74B 10752.6% |
Pre-Tax Income | 6.14B 33.5% | 9.23B 9.5% | 10.20B 16.6% | 8.75B 3.0% | 8.50B 67.8% | 5.06B 29.3% | 7.16B 197.4% | -7.35B 209.4% |
Pre-Tax Margin % | 5.00% 37.5% | 8.00% 0.0% | 8.00% 14.3% | 7.00% 0.0% | 7.00% 40.0% | 5.00% 37.5% | 8.00% 188.9% | -9.00% 250.0% |
Tax Provision | 718.75M 17.8% | 873.99M 9.2% | 962.29M 0.2% | 960.05M 34.4% | 1.46B 327.2% | 342.47M 75.3% | 1.39B 445.5% | -400.86M 130.1% |
Net Income | 5.47B 35.0% | 8.42B 9.7% | 9.33B 15.4% | 8.08B 18.6% | 6.81B 59.3% | 4.28B 22.2% | 5.50B 179.1% | -6.95B 237.1% |
Net Margin % | 4.00% 42.9% | 7.00% 12.5% | 8.00% 14.3% | 7.00% 16.7% | 6.00% 50.0% | 4.00% 33.3% | 6.00% 175.0% | -8.00% 260.0% |
Basic EPS | 1.12 35.6% | 1.74 11.2% | 1.96 14.6% | 1.71 16.3% | 1.47 59.8% | 0.92 24.6% | 1.22 168.9% | -1.77 262.4% |
Diluted EPS | 1.12 35.6% | 1.74 11.2% | 1.96 14.6% | 1.71 16.3% | 1.47 59.8% | 0.92 24.6% | 1.22 168.9% | -1.77 263.9% |
Basic Shares Outstanding | 4.78B 1.0% | 4.83B 1.5% | 4.76B 0.5% | 4.74B 2.0% | 4.64B 0.6% | 4.61B 9.7% | 4.21B 7.0% | 3.93B 15.5% |
Diluted Shares Outstanding | 4.84B 0.2% | 4.83B 1.4% | 4.76B 0.6% | 4.74B 2.0% | 4.64B 0.2% | 4.63B 9.7% | 4.22B 7.4% | 3.93B 16.2% |