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 17, 2025 | 2023 Dec 31, 2023 Apr 19, 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 | 47.76B 7.9% | 44.28B 15.3% | 38.42B 8.6% | 35.38B 16.3% | 30.41B 20.6% | 25.21B 14.0% | 22.11B 25.6% | 17.60B 34.8% |
Cost of Revenue | 35.82B 17.2% | 30.56B 14.2% | 26.76B 1.6% | 26.34B 10.6% | 23.82B 22.9% | 19.38B 25.1% | 15.49B 26.5% | 12.24B 40.5% |
Gross Profit | 11.94B 13.0% | 13.72B 17.6% | 11.66B 29.0% | 9.04B 37.2% | 6.59B 12.9% | 5.84B 11.8% | 6.62B 23.4% | 5.36B 23.5% |
Gross Margin % | 25.00% 19.4% | 31.00% 3.3% | 30.00% 15.4% | 26.00% 18.2% | 22.00% 4.3% | 23.00% 23.3% | 30.00% 0.0% | 30.00% 9.1% |
Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
SG&A Expenses | 0.00 100.0% | 2.69B 10.9% | 2.43B 16.7% | 2.08B 10.7% | 1.88B 12.8% | 1.66B 7.6% | 1.55B 27.7% | 1.21B 55.1% |
Other Operating Expenses | 2.57B 442.2% | -749.78M 2.7% | -770.65M 0.5% | -774.58M 1.9% | -789.50M 35.9% | -580.97M 49.8% | -387.89M 137.6% | 1.03B 72.9% |
Total Operating Expenses | 2.57B 32.2% | 1.94B 17.3% | 1.65B 27.0% | 1.30B 19.9% | 1.09B 0.3% | 1.08B 6.5% | 1.16B 12.2% | 1.03B 72.9% |
Cost and Expenses | 38.39B 18.1% | 32.50B 14.4% | 28.41B 2.8% | 27.64B 11.0% | 24.90B 21.7% | 20.46B 22.9% | 16.65B 25.4% | 13.27B 42.5% |
Operating Income | 9.37B 20.4% | 11.78B 17.7% | 10.01B 29.4% | 7.74B 112.2% | 3.65B 8.6% | 3.36B 38.6% | 5.46B 26.1% | 4.33B 15.6% |
Operating Margin % | 20.00% 25.9% | 27.00% 3.8% | 26.00% 18.2% | 22.00% 83.3% | 12.00% 7.7% | 13.00% 48.0% | 25.00% 0.0% | 25.00% 13.8% |
EBITDA | 14.37B 4.5% | 15.04B 8.5% | 13.85B 24.3% | 11.15B 90.0% | 5.87B 12.9% | 5.20B 22.7% | 6.73B 29.7% | 5.19B 20.4% |
EBITDA Margin % | 30.00% 11.8% | 34.00% 5.6% | 36.00% 12.5% | 32.00% 68.4% | 19.00% 9.5% | 21.00% 30.0% | 30.00% 3.4% | 29.00% 12.1% |
Interest Expense | 241.84M 28.4% | 337.92M 16.7% | 289.53M 52.0% | 190.52M 50.6% | 126.50M 258.3% | 35.31M | 0.00 100.0% | 780.00K 95.0% |
Interest Income | 726.72M 26.9% | 993.53M 40.6% | 706.76M 40.3% | 503.72M 38.4% | 363.89M 17.8% | 442.70M 24.4% | 585.40M 45.9% | 401.16M 141.2% |
Other Income (Expense) | 1.47B 1547.0% | -101.31M 114.8% | 685.13M 23.3% | 555.82M 73.0% | 2.06B 24.2% | 1.66B 29.0% | 1.29B 30.7% | 984.82M 1633.0% |
Pre-Tax Income | 10.84B 7.6% | 11.73B 9.7% | 10.69B 29.0% | 8.29B 44.4% | 5.74B 14.0% | 5.03B 25.5% | 6.76B 26.6% | 5.34B 39.7% |
Pre-Tax Margin % | 23.00% 11.5% | 26.00% 7.1% | 28.00% 21.7% | 23.00% 21.1% | 19.00% 5.0% | 20.00% 35.5% | 31.00% 3.3% | 30.00% 3.4% |
Tax Provision | 1.85B 34.9% | 2.85B 46.8% | 1.94B 18.7% | 1.63B 62.4% | 1.01B 45.8% | 689.83M 36.0% | 1.08B 16.1% | 929.13M 43.7% |
Net Income | 8.83B 0.2% | 8.82B 0.8% | 8.75B 28.5% | 6.81B 43.2% | 4.75B 10.3% | 4.31B 24.0% | 5.67B 29.5% | 4.38B 38.7% |
Net Margin % | 18.00% 10.0% | 20.00% 13.0% | 23.00% 21.1% | 19.00% 18.8% | 16.00% 5.9% | 17.00% 34.6% | 26.00% 4.0% | 25.00% 4.2% |
Basic EPS | 11.05 0.9% | 10.95 3.3% | 10.60 27.7% | 8.30 43.1% | 5.80 7.0% | 5.42 25.1% | 7.24 24.2% | 5.83 32.2% |
Diluted EPS | 10.91 2.0% | 10.70 2.6% | 10.43 25.7% | 8.30 43.1% | 5.80 7.0% | 5.42 25.0% | 7.23 24.2% | 5.82 32.3% |
Basic Shares Outstanding | 797.63M 3.2% | 824.00M 0.1% | 825.23M 2.0% | 809.44M 1.3% | 819.96M 3.0% | 796.10M 1.5% | 784.01M 4.3% | 751.81M 4.8% |
Diluted Shares Outstanding | 820.80M 2.1% | 838.44M 0.1% | 838.95M 2.3% | 819.96M 0.0% | 819.96M 3.0% | 796.15M 1.5% | 784.33M 4.2% | 752.67M 4.9% |