Skip to content
Baker Capital StrategiesMARKETS. FILINGS. PERSPECTIVE.
Powered by THEMA

Baker Capital Strategies

Free Registration

Register for access to news, tools, alerts and reports.

THEMA Basic included at launch.

Use at least 8 characters.

Company research

Gaotu Techedu Inc.

CIK 1768259Updated Sep 26, 2026

Name history
GSX Techedu Inc. · through Jun 7, 2021

GOTU price & chart

Provider market data

Loading TradingView…

NYSE:GOTU on TradingView ↗

TradingView · Data may be delayed

Financials

FY 2025 · USD
Revenue878,977,000USD · FY 2025
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

Net income-46,232,000USD · FY 2025
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

Operating income-71,951,000USD · FY 2025
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

Diluted EPS-0.28USD per share · FY 2025
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

Some figures are unavailable for this reporting year.

balance sheet · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
ASSETS
AssetsUSD886,544,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

798,441,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

762,448,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

706,979,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Property, Plant and Equipment, NetUSD144,304,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

91,822,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

75,146,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

80,037,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

GoodwillUSD1,582,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

45,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

47,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

48,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Intangible Assets, Net (Excluding Goodwill)USD6,061,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

2,464,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

2,285,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

2,745,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Current assets:
Cash and Cash Equivalents, at Carrying ValueUSD85,255,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

180,992,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

89,586,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

118,876,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Inventory, NetUSD7,858,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

4,987,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

3,464,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

3,303,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Assets, CurrentUSD569,210,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

498,651,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

505,177,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

604,082,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Prepaid Expense and Other Assets, CurrentUSD72,182,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

59,160,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

89,895,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

57,980,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Operating Lease, Right-of-Use AssetUSD68,168,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

68,993,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

26,713,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

12,130,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Other Assets, NoncurrentUSD131,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

243,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

225,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

317,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

LIABILITIES AND EQUITY
LiabilitiesUSD707,260,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

533,559,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

324,940,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

258,126,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Stockholders’ equity:
Retained Earnings (Accumulated Deficit)USD-886,835,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

-805,341,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

-677,988,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

-695,428,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Accumulated Other Comprehensive Income (Loss), Net of TaxUSD-6,874,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

-388,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

-4,677,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

-9,288,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Stockholders' Equity Attributable to ParentUSD179,284,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

264,882,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

437,508,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

448,853,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Additional Paid in Capital, Common StockUSD1,134,478,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

1,094,820,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

1,125,080,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

1,147,697,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Liabilities and EquityUSD886,544,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

798,441,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

762,448,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

706,979,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Current liabilities:
Liabilities, CurrentUSD607,097,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

446,700,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

277,931,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

233,316,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Operating Lease, Liability, CurrentUSD19,549,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

20,226,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

7,112,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

5,557,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Operating Lease, Liability, NoncurrentUSD45,288,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

47,211,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

19,388,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

6,408,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Deferred Income Tax Liabilities, NetUSD10,760,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

9,673,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

10,136,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

10,802,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Other Liabilities, NoncurrentCNY———0
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Additional Financial Items
Deferred Revenue, CurrentUSD327,369,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

255,791,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

156,830,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

131,490,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Deferred Revenue, NoncurrentUSD39,556,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

29,975,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

17,485,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

7,600,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Deferred Tax Liabilities, NetCNY75,248,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

70,604,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

71,967,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

74,507,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Long-term Debt, Excluding Current Maturities————
Long-term Debt, Excluding Current MaturitiesUSD4,559,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

———
Short-term InvestmentsUSD387,352,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

252,797,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

317,457,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

423,920,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Lines labelled “Derived” are calculated from reported figures.

cash flow · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based Payment Arrangement, Noncash ExpenseUSD5,608,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

7,290,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

8,219,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

17,783,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Deferred Income Tax Expense (Benefit)CNY-3,942,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

8,755,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

1,913,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

-17,611,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Net Cash Provided by (Used in) Operating ActivitiesUSD59,501,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

35,347,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

49,817,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

7,908,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Cash flows from investing activities:
Payments to Acquire Businesses, Net of Cash AcquiredUSD4,607,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

——0
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Net Cash Provided by (Used in) Investing ActivitiesUSD-117,084,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

85,052,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

-59,716,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

-22,964,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Cash flows from financing activities:
Payments for Repurchase of Common StockUSD49,100,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

28,126,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

12,746,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

0
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Net Cash Provided by (Used in) Financing ActivitiesUSD-30,622,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

-28,126,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

-12,744,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

0
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD-87,846,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

89,924,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

-21,124,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

-11,192,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD101,818,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

181,707,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

94,361,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

118,879,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Supplemental disclosure of cash flow information:
Income Taxes Paid, NetUSD99,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

451,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

202,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

-2,931,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Additional Financial Items
Share-based Payment Arrangement, ExpenseCNY39,218,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

53,217,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

58,353,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

122,654,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Amortization of Intangible AssetsCNY7,575,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

3,180,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

2,705,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

1,145,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

DepreciationUSD14,883,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

8,355,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

7,145,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

9,976,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD-1,322,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

-661,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

-384,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

3,099,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Gain (Loss) on Disposition of AssetsCNY——0
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

0
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Gain (Loss) on Termination of LeaseCNY——-41,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

-16,720,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

General and Administrative ExpenseUSD104,708,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

91,608,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

50,194,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

42,095,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

GoodwillUSD1,582,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

As of 2025-12-31

45,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

As of 2024-12-31

47,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

As of 2023-12-31

48,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

As of 2022-12-31

Goodwill, Impairment LossCNY0
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

0
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

0
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

0
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Impairment of Intangible Assets, Finite-livedCNY582,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

0
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

0
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

0
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Income (Loss) from Equity Method InvestmentsCNY0
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

0
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

-1,291,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

0
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Income Tax Expense (Benefit)USD-588,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

1,183,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

1,501,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

-2,277,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Inventory Write-downUSD503,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

3,683,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

205,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

0
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Investment Income, InterestUSD5,708,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

9,643,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

10,680,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

3,098,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Net Income (Loss) Attributable to ParentUSD-46,232,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

-143,706,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

-1,028,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

1,910,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Net Income (Loss) Available to Common Stockholders, BasicUSD-46,232,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

-143,706,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

-1,028,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

1,910,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Operating ExpensesUSD664,690,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

586,422,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

326,711,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

277,680,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Operating Lease, ExpenseCNY183,800,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

153,880,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

40,772,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

32,714,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Proceeds from Issuance of Long-term DebtUSD4,178,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

———
Proceeds from Stock Options ExercisedCNY0
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

0
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

2,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

0
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Realized Investment Gains (Losses)USD4,871,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

3,466,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

4,399,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

6,128,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Lines labelled “Derived” are calculated from reported figures.

income statement · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
Total RevenueUSD878,977,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

623,835,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

417,022,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

362,207,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Cost of Goods and Services Sold————
Operating Income (Loss)USD-71,951,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

-161,910,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

-20,987,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

-17,116,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Income Tax Expense (Benefit)USD-588,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

1,183,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

1,501,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

-2,277,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Net Income (Loss) Attributable to ParentUSD-46,232,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

-143,706,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

-1,028,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

1,910,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Earnings Per Share, BasicUSD per share-0.28
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

-0.84
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

-0.01
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

0.01
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Earnings Per Share, DilutedUSD per share-0.28
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

-0.84
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

-0.01
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

0.01
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Weighted Average Number of Shares Outstanding, Basicshares163,118,684
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

171,412,125
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

173,725,790
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

172,254,080
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Weighted Average Number of Shares Outstanding, Dilutedshares163,118,684
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

171,412,125
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

173,725,790
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

175,991,484
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Additional Financial Items
Amortization of Intangible AssetsCNY7,575,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

3,180,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

2,705,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

1,145,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Current Income Tax Expense (Benefit)CNY-169,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

-123,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

8,744,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

1,906,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

General and Administrative ExpenseUSD104,708,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

91,608,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

50,194,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

42,095,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Goodwill, Impairment LossCNY0
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

0
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

0
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

0
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Gross ProfitUSD592,739,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

424,512,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

305,724,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

260,564,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Income (Loss) from Equity Method InvestmentsCNY0
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

0
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

-1,291,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

0
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Investment Income, InterestUSD5,708,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

9,643,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

10,680,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

3,098,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Net Income (Loss) Available to Common Stockholders, BasicUSD-46,232,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

-143,706,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

-1,028,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

1,910,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Operating ExpensesUSD664,690,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

586,422,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

326,711,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

277,680,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Operating Lease, ExpenseCNY183,800,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

153,880,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

40,772,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

32,714,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Realized Investment Gains (Losses)USD4,871,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

3,466,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

4,399,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

6,128,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Research and Development ExpenseUSD89,652,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

88,784,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

65,077,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

64,536,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Selling ExpenseUSD470,330,000
Source

20-F · 2026-04-22 · 0001193125-26-168211

2025-01-01 to 2025-12-31

406,030,000
Source

20-F · 2025-04-22 · 0000950170-25-056468

2024-01-01 to 2024-12-31

211,440,000
Source

20-F · 2024-04-25 · 0000950170-24-047938

2023-01-01 to 2023-12-31

171,049,000
Source

20-F · 2023-04-18 · 0000950170-23-013156

2022-01-01 to 2022-12-31

Lines labelled “Derived” are calculated from reported figures.