BEKE
KE Holdings Inc.
Company overview
- Market capitalization
- —
- Employees
- 119,245
- Latest publication
- 2026-09-29
About KE Holdings Inc.
KE Holdings Inc., through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. The company operates through five segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, Home rental services, and Emerging and Other Services. It operates Beike, an integrated online and offline platform for housing transactions and services; Lianjia, a real estate brokerage brand; Agent Cooperation Network, an operating system that fosters reciprocity and bonding among various service providers. The company also owns the Deyou brand for connected brokerage stores; and other brands. In addition, it offers rental property management and operation services; and contract, secure payment, escrow, and other services. KE Holdings Inc. was founded in 2001 and is headquartered in Beijing, the People's Republic of China.
Financial statements
Income Quarterly
| Metric | Q1 20262026-03-31 · CNY | Q4 20252025-12-31 · CNY | Q3 20252025-09-30 · CNY | Q2 20252025-06-30 · CNY | Q1 20252025-03-31 · CNY | Q4 20242024-12-31 · CNY | Q3 20242024-09-30 · CNY | Q2 20242024-06-30 · CNY |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 18,891,977,000CNY | 21,882,514,076CNY | 23,052,457,000CNY | 26,010,636,000CNY | 23,328,347,000CNY | 31,125,107,000CNY | 22,584,647,000CNY | 23,370,430,000CNY |
| Cost Of Revenue | 14,332,002,000CNY | 17,191,849,040CNY | 18,117,374,000CNY | 20,310,846,000CNY | 18,507,455,000CNY | 23,954,921,000CNY | 17,449,914,000CNY | 16,853,380,000CNY |
| Gross Profit | 4,559,975,000CNY | 4,690,665,036CNY | 4,935,083,000CNY | 5,699,790,000CNY | 4,820,892,000CNY | 7,170,186,000CNY | 5,134,733,000CNY | 6,517,050,000CNY |
| Research Development | 492,565,000CNY | 705,360,316CNY | 648,280,000CNY | 633,442,000CNY | 583,610,000CNY | 738,683,000CNY | 572,932,000CNY | 504,509,000CNY |
| Selling General Administrative | 1,712,546,000CNY | 4,184,594,000CNY | 1,866,486,000CNY | 2,080,713,000CNY | 1,873,760,000CNY | 2,961,294,000CNY | 1,900,959,000CNY | 2,079,299,000CNY |
| Selling And Marketing Expenses | 1,082,144,000CNY | — | 1,727,825,000CNY | — | 1,772,957,000CNY | 2,344,000,000CNY | 1,933,878,000CNY | 1,881,726,000CNY |
| Total Operating Expenses | 3,287,255,000CNY | 4,832,198,246CNY | 4,242,591,000CNY | 4,286,027,000CNY | 4,230,327,000CNY | 6,159,156,000CNY | 4,407,769,000CNY | 4,501,931,000CNY |
| Operating Income | 1,272,720,000CNY | -141,533,202CNY | 692,492,000CNY | 1,413,763,000CNY | 590,565,000CNY | 1,011,030,000CNY | 726,964,000CNY | 2,015,119,000CNY |
| Interest Income | 134,947,000CNY | 165,357,000CNY | 176,640,000CNY | 236,804,000CNY | 268,568,000CNY | 311,968,000CNY | 310,493,000CNY | 356,578,000CNY |
| Net Interest Income | 134,947,000CNY | 138,357,000CNY | 176,640,000CNY | 223,940,000CNY | 268,568,000CNY | 283,417,000CNY | 310,493,000CNY | 356,578,000CNY |
| Income Before Tax | 1,831,724,000CNY | 275,256,713CNY | 1,297,085,000CNY | 1,718,131,000CNY | 1,382,778,000CNY | 1,610,217,000CNY | 1,671,537,000CNY | 2,749,364,000CNY |
| Income Tax Expense | 576,647,000CNY | 194,093,612CNY | 550,337,000CNY | 411,487,000CNY | 527,455,000CNY | 1,032,969,000CNY | 503,131,000CNY | 848,960,000CNY |
| Tax Provision | 576,647,000CNY | 196,810,000CNY | 550,337,000CNY | 411,487,000CNY | 527,455,000CNY | 1,032,969,000CNY | 503,131,000CNY | 848,960,000CNY |
| Net Income | 1,255,491,000CNY | 86,641,432CNY | 749,283,000CNY | 1,301,071,000CNY | 855,767,000CNY | 569,992,000CNY | 1,171,073,000CNY | 1,892,061,000CNY |
| Net Income From Continuing Ops | 1,255,077,000CNY | 82,299,000CNY | 746,748,000CNY | 1,306,644,000CNY | 855,323,000CNY | 577,248,000CNY | 1,168,406,000CNY | 1,900,404,000CNY |
| Ebit | 2,313,817,000CNY | -141,533,203CNY | 692,492,000CNY | 2,523,208,000CNY | 590,565,000CNY | 1,126,209,000CNY | 726,964,000CNY | 2,051,516,000CNY |
| Ebitda | 1,272,720,000CNY | 209,169,622CNY | 977,875,000CNY | 2,741,168,000CNY | 803,990,000CNY | 1,402,746,000CNY | 929,462,000CNY | 2,261,218,000CNY |
| Depreciation And Amortization | 355,611,000CNY | 350,702,825CNY | 285,383,000CNY | 217,960,000CNY | 213,425,000CNY | 276,537,000CNY | 202,498,000CNY | 209,702,000CNY |
| Total Other Income Expense Net | 559,004,000CNY | 416,789,916CNY | 604,593,000CNY | 304,368,000CNY | 792,213,000CNY | 599,187,000CNY | 944,573,000CNY | 734,245,000CNY |
| Minority Interest | 414,000CNY | 5,555,000CNY | 2,535,000CNY | -5,573,000CNY | 444,000CNY | -7,256,000CNY | 2,667,000CNY | -8,343,000CNY |
| Unclassified Operating Expenses | — | -57,756,070CNY | — | 1,571,872,000CNY | — | 115,179,000CNY | — | — |
| Interest Expense | — | — | — | — | 28,551,000CNY | — | — | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Income Yearly
| Metric | FY 20252025-12-31 · CNY | FY 20242024-12-31 · CNY | FY 20232023-12-31 · CNY | FY 20222022-12-31 · CNY | FY 20212021-12-31 · CNY | FY 20202020-12-31 · CNY | FY 20192019-12-31 · CNY | FY 20182018-12-31 · CNY |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 94,580,205,000CNY | 93,457,498,000CNY | 77,776,932,000CNY | 60,668,779,000CNY | 80,752,439,000CNY | 70,480,978,000CNY | 46,014,906,000CNY | 28,646,499,000CNY |
| Cost Of Revenue | 74,368,128,000CNY | 70,513,443,000CNY | 56,058,918,000CNY | 46,888,032,000CNY | 64,933,024,000CNY | 53,621,121,000CNY | 34,746,862,000CNY | 21,776,523,000CNY |
| Gross Profit | 20,212,077,000CNY | 22,944,055,000CNY | 21,718,014,000CNY | 13,780,747,000CNY | 15,819,415,000CNY | 16,859,857,000CNY | 11,268,044,000CNY | 6,869,976,000CNY |
| Research Development | 2,580,564,000CNY | 2,283,424,000CNY | 1,936,780,000CNY | 2,545,549,000CNY | 3,193,988,000CNY | 2,477,911,000CNY | 1,571,154,000CNY | 670,922,000CNY |
| Selling General Administrative | 8,075,414,000CNY | 8,960,747,000CNY | 8,236,569,000CNY | 7,346,665,000CNY | 8,924,470,000CNY | 7,588,809,000CNY | 8,376,531,000CNY | 4,927,367,000CNY |
| Unclassified Operating Expenses | 6,727,985,000CNY | 7,052,143,000CNY | 5,892,108,000CNY | 3,905,010,000CNY | 3,249,209,000CNY | 236,050,000CNY | — | — |
| Total Operating Expenses | 17,383,963,000CNY | 18,296,314,000CNY | 16,065,457,000CNY | 13,797,224,000CNY | 15,367,667,000CNY | 14,018,048,000CNY | 13,053,584,000CNY | 8,087,981,000CNY |
| Operating Income | 2,828,114,000CNY | 4,647,741,000CNY | 5,652,557,000CNY | -16,477,000CNY | 451,748,000CNY | 2,841,809,000CNY | -1,785,540,000CNY | -1,218,005,000CNY |
| Interest Income | 834,505,000CNY | 1,288,714,000CNY | 1,291,485,000CNY | 743,484,000CNY | 354,567,000CNY | 163,600,000CNY | 437,869,000CNY | 172,681,000CNY |
| Interest Expense | 7,418,000CNY | 28,551,000CNY | 28,153,000CNY | 14,486,000CNY | 30,409,133CNY | 188,553,000CNY | 206,969,721CNY | 43,540,000CNY |
| Net Interest Income | 807,505,000CNY | 1,260,163,000CNY | 1,263,332,000CNY | 743,484,000CNY | 354,567,000CNY | 163,600,000CNY | 230,339,000CNY | 121,374,000CNY |
| Income Before Tax | 4,677,103,000CNY | 6,870,069,000CNY | 7,883,995,000CNY | 292,290,000CNY | 1,140,726,000CNY | 4,387,119,000CNY | -1,275,764,000CNY | -499,065,000CNY |
| Income Tax Expense | 1,686,089,000CNY | 2,791,889,000CNY | 1,994,391,000CNY | 1,689,574,000CNY | 1,665,492,000CNY | 1,608,796,000CNY | 904,363,000CNY | -71,384,000CNY |
| Tax Provision | 1,686,089,000CNY | 2,791,889,000CNY | 1,994,391,000CNY | 1,689,574,000CNY | 1,665,492,000CNY | 1,608,796,000CNY | 904,363,000CNY | -71,384,000CNY |
| Net Income | 2,993,975,000CNY | 4,064,900,000CNY | 5,883,224,000CNY | -1,386,074,000CNY | -524,129,000CNY | 2,777,592,000CNY | -2,183,546,000CNY | -467,824,000CNY |
| Net Income From Continuing Ops | 2,991,014,000CNY | 4,078,180,000CNY | 5,889,604,000CNY | -1,397,284,000CNY | -524,766,000CNY | 2,778,323,000CNY | -2,180,127,000CNY | -427,681,000CNY |
| Ebit | 4,684,521,000CNY | 6,883,970,000CNY | 7,903,080,000CNY | 306,776,000CNY | 1,152,582,000CNY | 4,575,672,000CNY | -1,094,650,000CNY | -455,525,000CNY |
| Ebitda | 5,756,900,000CNY | 7,896,382,000CNY | 9,305,268,000CNY | 1,809,497,000CNY | 2,523,343,000CNY | 5,749,644,000CNY | -55,332,000CNY | 336,769,000CNY |
| Depreciation And Amortization | 1,072,379,000CNY | 1,012,412,000CNY | 1,402,188,000CNY | 1,502,721,000CNY | 1,370,761,000CNY | 1,173,972,000CNY | 1,039,318,000CNY | 792,294,000CNY |
| Reconciled Depreciation | 1,072,379,000CNY | 1,012,412,000CNY | 1,402,188,000CNY | 1,502,721,000CNY | 1,370,761,000CNY | 1,173,972,000CNY | 1,039,318,000CNY | 792,294,000CNY |
| Total Other Income Expense Net | 1,848,989,000CNY | 2,222,328,000CNY | 2,231,438,000CNY | 308,767,000CNY | 688,978,000CNY | 1,545,310,000CNY | 509,776,000CNY | 718,940,000CNY |
| Minority Interest | 2,961,000CNY | -13,280,000CNY | -6,380,000CNY | 11,210,000CNY | 637,000CNY | 27,069,000CNY | 87,203,000CNY | 10,467,000CNY |
| Net Income Applicable To Common Shares | — | — | — | -1,386,074,000CNY | -524,129,000CNY | 720,466,000CNY | -4,050,074,000CNY | -2,386,005,000CNY |
| Selling And Marketing Expenses | — | — | — | — | — | 3,715,278,000CNY | 3,105,899,000CNY | 2,489,692,000CNY |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Quarterly
| Metric | Q1 20262026-03-31 · CNY | Q4 20252025-12-31 · CNY | Q3 20252025-09-30 · CNY | Q2 20252025-06-30 · CNY | Q1 20252025-03-31 · CNY | Q4 20242024-12-31 · CNY | Q3 20242024-09-30 · CNY | Q2 20242024-06-30 · CNY |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 111,896,598,000CNY | 116,742,471,000CNY | 119,295,723,000CNY | 123,691,043,000CNY | 130,612,461,000CNY | 133,149,283,000CNY | 122,795,712,000CNY | 122,497,997,000CNY |
| Intangible Assets | 688,504,000CNY | 723,136,000CNY | 755,562,000CNY | 790,699,000CNY | 823,140,000CNY | 857,635,000CNY | 948,723,000CNY | 927,533,000CNY |
| Other Current Assets | 3,756,320,000CNY | 4,138,629,000CNY | 6,744,815,000CNY | 18,262,266,000CNY | 20,376,628,000CNY | 18,344,691,000CNY | 6,243,476,000CNY | 15,121,166,000CNY |
| Total Liab | 47,706,970,000CNY | 49,910,858,000CNY | 51,355,666,000CNY | 54,851,358,000CNY | 61,661,122,000CNY | 61,701,288,001CNY | 51,902,049,000CNY | 51,794,889,000CNY |
| Total Stockholder Equity | 64,131,333,000CNY | 66,483,597,000CNY | 67,841,548,000CNY | 68,714,505,000CNY | 68,831,732,000CNY | 71,323,815,999CNY | 70,774,570,000CNY | 70,569,240,000CNY |
| Other Current Liab | 20,051,585,000CNY | 19,312,886,000CNY | 17,843,552,000CNY | 25,644,732,000CNY | 23,724,640,000CNY | 29,233,648,000CNY | 17,710,131,000CNY | 38,383,760,000CNY |
| Common Stock | 449,310CNY | 450,281CNY | 454,000CNY | 462,000CNY | 460,000CNY | 461,000CNY | 463,000CNY | 467,000CNY |
| Capital Stock | 451,000CNY | 450,000CNY | 454,000CNY | 461,000CNY | 460,000CNY | 461,000CNY | 463,000CNY | 467,000CNY |
| Retained Earnings | 2,045,136,000CNY | 1,142,921,000CNY | 1,182,240,000CNY | 1,359,929,000CNY | -868,114,000CNY | -796,909,000CNY | -2,178,008,000CNY | -3,349,081,000CNY |
| Good Will | 4,642,955,000CNY | 4,663,328,000CNY | 4,664,706,000CNY | 4,749,229,000CNY | 4,777,420,000CNY | 4,777,420,000CNY | 4,839,219,000CNY | 4,847,762,000CNY |
| Cash | 19,901,799,000CNY | 15,953,940,000CNY | 9,221,654,000CNY | 11,115,936,000CNY | 12,772,700,000CNY | 11,442,965,000CNY | 9,576,948,000CNY | 9,409,071,000CNY |
| Cash And Short Term Investments | 53,686,562,000CNY | 55,559,105,000CNY | 48,987,014,000CNY | 44,979,763,000CNY | 44,649,641,000CNY | 52,760,665,000CNY | 53,230,983,000CNY | 51,631,723,000CNY |
| Total Current Assets | 66,832,116,000CNY | 68,163,568,000CNY | 68,425,704,000CNY | 67,758,234,000CNY | 70,165,568,000CNY | 76,603,345,000CNY | 69,678,235,000CNY | 70,657,042,000CNY |
| Total Current Liabilities | 40,893,334,000CNY | 42,434,255,000CNY | 42,614,596,000CNY | 45,718,005,000CNY | 52,761,664,000CNY | 52,744,258,000CNY | 43,147,206,000CNY | 43,376,360,000CNY |
| Current Deferred Revenue | 6,143,437,000CNY | 5,693,917,000CNY | 5,484,769,000CNY | — | 6,583,215,000CNY | — | 5,223,016,000CNY | 5,422,197,000CNY |
| Net Debt | -3,691,595,000CNY | 2,574,571,000CNY | 11,875,643,000CNY | 10,854,080,000CNY | 9,567,871,000CNY | 11,211,786,000CNY | 12,103,319,000CNY | 10,804,903,000CNY |
| Short Term Debt | 9,714,635,000CNY | 11,371,469,000CNY | 12,676,193,000CNY | 13,156,727,000CNY | 13,761,275,000CNY | 14,017,981,000CNY | 13,207,556,000CNY | 12,077,577,000CNY |
| Short Long Term Debt | 817,482,000CNY | 705,656,000CNY | 657,414,000CNY | 200,676,000CNY | 182,010,000CNY | 288,280,000CNY | 306,610,000CNY | 445,530,000CNY |
| Short Long Term Debt Total | 16,210,204,000CNY | 18,528,511,000CNY | 21,097,297,000CNY | 21,970,016,000CNY | 22,340,571,000CNY | 22,654,751,000CNY | 21,680,267,000CNY | 20,213,974,000CNY |
| Long Term Debt | 776,311,000CNY | 442,166,000CNY | 137,934,000CNY | 56,625,000CNY | — | — | — | — |
| Long Term Investments | 19,822,114,000CNY | 20,148,524,000CNY | 19,665,242,000CNY | 23,458,114,000CNY | 27,618,510,000CNY | 23,790,106,000CNY | 21,457,347,000CNY | 22,132,865,000CNY |
| Short Term Investments | 33,784,762,000CNY | 39,605,165,000CNY | 39,765,360,000CNY | 33,863,827,000CNY | 31,876,941,000CNY | 41,317,700,000CNY | 43,654,035,000CNY | 42,222,652,000CNY |
| Net Receivables | 6,598,835,000CNY | 5,609,983,000CNY | 12,693,875,000CNY | 4,516,205,000CNY | 5,139,299,000CNY | 5,497,989,000CNY | 10,203,776,000CNY | 10,907,737,000CNY |
| Inventory | 2,790,400,000CNY | 2,855,851,000CNY | — | 2,592,594,000CNY | 1,609,876,000CNY | 519,215,000CNY | — | -7,003,584,000CNY |
| Accounts Payable | 4,983,677,000CNY | 6,055,983,000CNY | 5,955,358,000CNY | 6,916,546,000CNY | 7,868,788,000CNY | 9,492,629,000CNY | 6,389,882,000CNY | 6,684,706,000CNY |
| Property Plant Equipment Net | 18,068,913,000CNY | 21,227,262,000CNY | 24,121,793,000CNY | 25,540,689,000CNY | 25,963,607,000CNY | 25,767,090,000CNY | 24,508,632,000CNY | 22,552,708,000CNY |
| Property Plant Equipment Gross | 18,136,648,000CNY | 24,543,991,000CNY | 24,121,793,000CNY | 28,875,190,000CNY | 25,963,607,000CNY | 28,924,425,000CNY | 24,508,632,000CNY | 22,552,708,000CNY |
| Accumulated Other Comprehensive Income | 1,071,292,000CNY | 1,345,757,000CNY | 1,400,032,000CNY | 538,097,000CNY | 1,543,864,000CNY | 609,112,000CNY | 1,086,623,000CNY | 1,208,472,000CNY |
| Common Stock Shares Outstanding | 1,134,312,666shares | 1,138,106,901shares | 1,150,434,773shares | 1,169,092,720shares | 1,174,001,000shares | 1,175,029,475shares | 1,175,057,000shares | 1,222,587,318shares |
| Non Current Assets Total | 45,064,482,000CNY | 48,578,903,000CNY | 50,870,019,000CNY | 55,932,809,000CNY | 60,446,893,000CNY | 56,545,938,000CNY | 53,117,477,000CNY | 51,840,955,000CNY |
| Non Current Liabilities Total | 6,813,636,000CNY | 7,476,603,000CNY | 8,741,070,000CNY | 9,133,353,000CNY | 8,899,458,000CNY | 8,957,030,001CNY | 8,754,843,000CNY | 8,418,529,000CNY |
| Non Current Liabilities Other | 2,050,000CNY | 2,148,000CNY | 2,269,000CNY | 2,368,000CNY | 2,465,000CNY | 2,563,000CNY | 2,791,000CNY | 2,791,000CNY |
| Non Currrent Assets Other | 1,896,165,000CNY | 1,764,225,000CNY | 1,662,716,000CNY | 1,394,078,000CNY | 1,264,216,000CNY | 1,353,687,000CNY | 1,363,556,000CNY | 1,380,087,000CNY |
| Net Working Capital | 26,036,018,000CNY | 25,712,940,000CNY | 25,811,108,000CNY | 22,040,229,000CNY | 17,403,904,000CNY | 23,859,087,000CNY | 26,531,029,000CNY | 27,280,682,000CNY |
| Unclassified Current Liabilities | -817,482,000CNY | -705,656,000CNY | — | — | 641,736,000CNY | — | — | -19,637,410,000CNY |
| Unclassified Non Current Liabilities | 6,035,275,000CNY | 7,032,289,000CNY | 8,600,867,000CNY | 9,074,360,000CNY | 8,896,993,000CNY | 8,954,467,001CNY | 8,752,052,000CNY | 8,415,738,000CNY |
| Unclassified Equity | 61,014,004,690CNY | 63,994,018,719CNY | 65,258,368,000CNY | 66,815,556,000CNY | 68,155,062,000CNY | 71,510,690,999CNY | 71,865,029,000CNY | 72,708,915,000CNY |
| Unclassified Current Assets | — | — | — | -2,592,594,000CNY | -1,609,876,000CNY | — | — | -7,003,584,000CNY |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Yearly
| Metric | FY 20252025-12-31 · CNY | FY 20242024-12-31 · CNY | FY 20232023-12-31 · CNY | FY 20222022-12-31 · CNY | FY 20212021-12-31 · CNY | FY 20202020-12-31 · CNY | FY 20192019-12-31 · CNY | FY 20182018-12-31 · CNY |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 116,742,471,000CNY | 133,149,283,000CNY | 120,331,931,000CNY | 109,347,347,000CNY | 100,318,865,000CNY | 104,295,536,000CNY | 67,265,312,000CNY | 38,866,264,000CNY |
| Intangible Assets | 723,136,000CNY | 1,249,722,000CNY | 1,305,276,000CNY | 1,686,976,000CNY | 1,141,273,000CNY | 1,642,651,000CNY | 2,588,340,000CNY | 196,998,000CNY |
| Other Current Assets | 4,138,629,000CNY | 11,703,150,000CNY | 12,285,157,000CNY | 11,200,867,000CNY | 10,722,930,000CNY | 4,713,606,000CNY | 6,002,984,000CNY | 7,753,384,000CNY |
| Total Liab | 49,910,858,000CNY | 61,701,288,000CNY | 48,130,826,000CNY | 40,292,909,000CNY | 33,263,372,000CNY | 37,503,020,000CNY | 35,729,720,000CNY | 24,007,724,000CNY |
| Total Stockholder Equity | 66,483,597,000CNY | 71,323,816,000CNY | 72,099,824,000CNY | 68,920,360,000CNY | 66,973,976,000CNY | 66,765,447,000CNY | 31,448,389,000CNY | 14,848,073,000CNY |
| Other Current Liab | 19,312,886,000CNY | 27,768,417,000CNY | 22,502,447,000CNY | 18,071,475,000CNY | 18,289,244,000CNY | 21,331,690,000CNY | 16,551,186,000CNY | 15,094,496,000CNY |
| Common Stock | 450,281CNY | 461,000CNY | 475,000CNY | 487,000CNY | 489,000CNY | 482,000CNY | 202,000CNY | 189,000CNY |
| Capital Stock | 450,000CNY | 461,000CNY | 475,000CNY | 487,000CNY | 489,000CNY | 482,000CNY | 40,373,097,000CNY | 22,662,498,000CNY |
| Retained Earnings | 1,142,921,000CNY | -1,723,881,000CNY | -5,672,916,000CNY | -11,405,850,000CNY | -9,842,846,000CNY | -9,227,664,000CNY | -11,775,637,000CNY | -7,988,936,000CNY |
| Good Will | 4,663,328,000CNY | 4,777,420,000CNY | 4,856,807,000CNY | 4,934,235,000CNY | 1,805,689,000CNY | 2,467,497,000CNY | 2,477,075,000CNY | 1,135,034,000CNY |
| Cash | 15,953,940,000CNY | 11,442,965,000CNY | 19,634,716,000CNY | 19,413,202,000CNY | 20,446,104,000CNY | 40,969,979,000CNY | 24,319,332,000CNY | 9,115,649,000CNY |
| Cash And Short Term Investments | 55,559,105,000CNY | 52,760,665,000CNY | 53,892,674,000CNY | 54,899,110,000CNY | 49,848,765,000CNY | 56,658,300,000CNY | 26,163,927,000CNY | 11,638,848,000CNY |
| Total Current Assets | 68,163,568,000CNY | 76,603,345,000CNY | 69,753,623,000CNY | 70,424,675,000CNY | 69,926,354,000CNY | 87,539,101,000CNY | 51,912,486,000CNY | 27,374,784,000CNY |
| Total Current Liabilities | 42,434,255,000CNY | 52,744,258,000CNY | 39,523,983,000CNY | 33,341,318,000CNY | 28,936,137,000CNY | 33,633,346,000CNY | 27,797,675,000CNY | 20,572,881,000CNY |
| Current Deferred Revenue | 5,693,917,000CNY | — | 4,690,872,000CNY | 3,292,887,000CNY | 1,133,175,000CNY | 734,157,000CNY | 593,373,000CNY | 303,814,000CNY |
| Net Debt | 2,574,571,000CNY | 11,211,786,000CNY | -1,648,546,000CNY | -7,221,927,000CNY | -12,936,175,000CNY | -32,982,576,000CNY | -11,273,094,000CNY | -3,155,953,000CNY |
| Short Term Debt | 11,371,469,000CNY | 14,017,981,000CNY | 9,659,057,000CNY | 5,591,345,000CNY | 3,206,995,000CNY | 4,138,489,000CNY | 5,234,468,000CNY | 3,057,784,000CNY |
| Short Long Term Debt | 705,656,000CNY | 288,280,000CNY | 290,450,000CNY | 619,000,000CNY | 454,200,000CNY | 1,512,510,000CNY | 3,011,723,000CNY | 1,141,209,000CNY |
| Short Long Term Debt Total | 18,528,511,000CNY | 22,654,751,000CNY | 17,986,170,000CNY | 12,191,275,000CNY | 7,509,929,000CNY | 7,987,403,000CNY | 13,046,238,000CNY | 5,959,696,000CNY |
| Long Term Debt | 442,166,000CNY | — | — | — | — | 15,000,000CNY | 4,897,530,000CNY | 112,900,000CNY |
| Long Term Investments | 20,148,524,000CNY | 23,790,106,000CNY | 23,570,988,000CNY | 17,925,653,000CNY | 17,038,171,000CNY | 3,140,315,000CNY | 2,333,745,000CNY | 418,469,000CNY |
| Short Term Investments | 39,605,165,000CNY | 41,317,700,000CNY | 34,257,958,000CNY | 35,485,908,000CNY | 29,402,661,000CNY | 15,688,321,000CNY | 1,844,595,000CNY | 2,523,199,000CNY |
| Net Receivables | 5,609,983,000CNY | 10,529,654,000CNY | 3,271,584,000CNY | 4,197,140,000CNY | 9,335,624,000CNY | 13,198,588,000CNY | 8,112,201,000CNY | 3,354,816,000CNY |
| Inventory | 2,855,851,000CNY | 1,609,876,000CNY | 304,208,000CNY | 127,558,000CNY | 19,035,000CNY | 12,968,607,000CNY | 11,633,374,000CNY | 4,627,736,000CNY |
| Accounts Payable | 6,055,983,000CNY | 9,492,629,000CNY | 6,328,516,000CNY | 5,843,321,000CNY | 5,739,134,000CNY | 6,442,545,000CNY | 4,032,881,000CNY | 1,411,255,000CNY |
| Property Plant Equipment Net | 21,227,262,000CNY | 25,767,090,000CNY | 19,499,771,000CNY | 13,320,623,000CNY | 9,215,918,000CNY | 8,293,560,000CNY | 6,731,345,000CNY | 6,089,232,000CNY |
| Property Plant Equipment Gross | 24,543,991,000CNY | 28,924,425,000CNY | 22,678,350,000CNY | 13,320,623,000CNY | 9,215,918,000CNY | 8,293,560,000CNY | 6,731,345,000CNY | 6,089,232,000CNY |
| Accumulated Other Comprehensive Income | 1,345,757,000CNY | 1,536,084,000CNY | 1,055,409,000CNY | 248,096,000CNY | -2,155,836,000CNY | -1,441,253,000CNY | 317,040,000CNY | 174,511,000CNY |
| Common Stock Shares Outstanding | 1,157,358,666shares | 1,179,136,000shares | 1,203,884,333shares | 1,189,726,360shares | 1,183,040,543shares | 1,160,648,333shares | 1,143,379,378shares | 1,189,271,423shares |
| Non Current Assets Total | 48,578,903,000CNY | 56,545,938,000CNY | 50,578,308,000CNY | 38,922,672,000CNY | 30,392,511,000CNY | 16,756,435,000CNY | 15,352,826,000CNY | 11,491,480,000CNY |
| Non Current Liabilities Total | 7,476,603,000CNY | 8,957,030,000CNY | 8,606,843,000CNY | 6,951,591,000CNY | 4,327,235,000CNY | 3,869,674,000CNY | 7,932,045,000CNY | 3,434,843,000CNY |
| Non Current Liabilities Other | 2,148,000CNY | 2,563,000CNY | 389,000CNY | 475,000CNY | 1,381,000CNY | 3,471,000CNY | 97,829,000CNY | — |
| Non Currrent Assets Other | 1,764,225,000CNY | -43,527,000CNY | 231,774,000CNY | 198,227,000CNY | 131,329,000CNY | 327,977,000CNY | 702,029,000CNY | 2,979,125,000CNY |
| Net Working Capital | 25,712,940,000CNY | 23,859,087,000CNY | 30,229,640,000CNY | 37,083,357,000CNY | 40,990,217,000CNY | 53,905,755,000CNY | 24,114,811,000CNY | 6,801,903,000CNY |
| Unclassified Current Liabilities | -705,656,000CNY | 1,176,951,000CNY | -3,947,359,000CNY | — | — | -526,045,000CNY | -1,625,956,000CNY | -435,677,000CNY |
| Unclassified Non Current Liabilities | 7,032,289,000CNY | 8,954,467,000CNY | 8,606,454,000CNY | 6,599,455,000CNY | 4,301,553,000CNY | 3,833,914,000CNY | 2,816,411,000CNY | 2,789,012,000CNY |
| Unclassified Equity | 63,994,018,719CNY | 71,510,691,000CNY | 76,716,381,000CNY | 80,077,140,000CNY | 78,971,680,000CNY | 77,433,400,000CNY | 2,533,687,000CNY | — |
| Unclassified Non Current Assets | — | 961,600,000CNY | 1,113,692,000CNY | — | — | -327,977,000CNY | -702,029,000CNY | -2,979,125,000CNY |
| Other Liab | — | — | — | 351,661,000CNY | 24,301,000CNY | 17,289,000CNY | 120,275,000CNY | 532,931,000CNY |
| Other Assets | — | — | — | 1,055,185,000CNY | 1,191,460,000CNY | 1,212,412,000CNY | 1,222,321,000CNY | 3,651,747,000CNY |
| Net Tangible Assets | — | — | — | 62,299,149,000CNY | 64,027,014,000CNY | 62,655,299,000CNY | -13,962,023,000CNY | -9,146,268,000CNY |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow Quarterly
| Metric | Q1 20262026-03-31 · CNY | Q4 20252025-12-31 · CNY | Q3 20252025-09-30 · CNY | Q2 20252025-06-30 · CNY | Q1 20252025-03-31 · CNY | Q4 20242024-12-31 · CNY | Q3 20242024-09-30 · CNY | Q2 20242024-06-30 · CNY |
|---|---|---|---|---|---|---|---|---|
| Net Income | 86,641,432CNY | 87,854,000CNY | 749,283,000CNY | 1,301,071,000CNY | 855,767,000CNY | 569,992,000CNY | 1,171,073,000CNY | 1,892,061,000CNY |
| Depreciation | 350,702,825CNY | — | 285,383,000CNY | 217,960,000CNY | 213,425,000CNY | 276,537,000CNY | — | 209,702,000CNY |
| Other Non Cash Items | 1,414,193,787CNY | — | -633,673,000CNY | 2,701,815,000CNY | -5,561,632,000CNY | 3,760,921,000CNY | 448,890,000CNY | 6,290,223,000CNY |
| Total Cash From Operating Activities | 1,851,538,045CNY | 1,911,758,000CNY | 851,130,000CNY | 826,213,000CNY | -3,965,271,000CNY | 5,202,518,000CNY | 448,890,000CNY | 4,772,954,000CNY |
| Capital Expenditures | -1,851,538,045CNY | 0CNY | 0CNY | -482,346,000CNY | -1,037,179,000CNY | 0CNY | 0CNY | -462,401,000CNY |
| Free Cash Flow | -1,471,302,000CNY | 1,304,031,000CNY | 851,130,000CNY | 343,866,999CNY | -3,965,271,000CNY | 5,202,518,000CNY | 448,890,000CNY | 4,772,954,000CNY |
| Total Cashflows From Investing Activities | -1,064,514,580CNY | — | -944,347,000CNY | 1,664,823,000CNY | 6,285,669,000CNY | — | -518,848,000CNY | -8,134,019,000CNY |
| Total Cash From Financing Activities | -707,862,681CNY | — | -3,163,542,000CNY | -6,182,037,000CNY | 261,073,000CNY | 1,109,860,000CNY | -1,589,390,000CNY | -3,931,260,000CNY |
| Change In Cash | 269,748,635CNY | -22,682,000CNY | -3,266,105,000CNY | -3,685,811,000CNY | 2,616,971,000CNY | 4,480,990,000CNY | -1,706,229,000CNY | -7,256,659,000CNY |
| Begin Period Cash Flow | 15,684,191,238CNY | 15,966,469,000CNY | 19,232,574,000CNY | 22,918,385,000CNY | 20,301,414,000CNY | 15,820,424,000CNY | 17,526,653,000CNY | 24,783,312,000CNY |
| End Period Cash Flow | 15,953,939,874CNY | 15,943,787,000CNY | 15,966,469,000CNY | 19,232,574,000CNY | 22,918,385,000CNY | 20,301,414,000CNY | 15,820,424,000CNY | 17,526,653,000CNY |
| Other Cashflows From Investing Activities | -1,079,083,837CNY | — | -944,347,000CNY | 2,147,169,000CNY | 6,285,669,000CNY | -2,015,584,000CNY | -518,848,000CNY | -8,134,019,000CNY |
| Other Cashflows From Financing Activities | -707,862,681CNY | — | -3,163,542,000CNY | -470,504,000CNY | 261,073,000CNY | 1,109,860,000CNY | -1,589,390,000CNY | 1,600,654,000CNY |
| Unclassified Investing Cash Flow | 1,866,107,302CNY | — | 944,347,000CNY | — | -5,248,490,000CNY | — | 518,848,000CNY | 8,596,420,000CNY |
| Unclassified Operating Cash Flow | — | 1,823,904,000CNY | — | — | 2,248,907,000CNY | — | -1,171,073,000CNY | -940,753,000CNY |
| Stock Based Compensation | — | — | 450,137,000CNY | 489,228,000CNY | 527,169,000CNY | 595,068,000CNY | — | 731,051,000CNY |
| Investments | — | — | -944,347,000CNY | — | 6,285,669,000CNY | -2,015,584,000CNY | -518,848,000CNY | -8,134,019,000CNY |
| Change To Account Receivables | — | — | — | 875,695,000CNY | -2,409,998,000CNY | — | — | -815,840,000CNY |
| Change In Working Capital | — | — | — | -3,883,861,000CNY | -2,248,907,000CNY | — | — | -3,409,330,000CNY |
| Dividends Paid | — | — | — | -2,881,151,000CNY | -2,830,704,000CNY | — | — | -2,830,704,000CNY |
| Sale Purchase Of Stock | — | — | — | -2,830,382,000CNY | -5,101,091,000CNY | — | — | -2,701,210,000CNY |
| Unclassified Financing Cash Flow | — | — | — | — | 7,931,795,000CNY | — | — | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow Yearly
| Metric | FY 20252025-12-31 · CNY | FY 20242024-12-31 · CNY | FY 20232023-12-31 · CNY | FY 20222022-12-31 · CNY | FY 20212021-12-31 · CNY | FY 20202020-12-31 · CNY | FY 20192019-12-31 · CNY | FY 20182018-12-31 · CNY |
|---|---|---|---|---|---|---|---|---|
| Net Income | 2,912,404,649CNY | 4,064,900,000CNY | 5,889,604,000CNY | -1,397,284,000CNY | -524,766,000CNY | 2,778,323,000CNY | -2,180,127,000CNY | -427,681,000CNY |
| Depreciation | 1,043,162,207CNY | 1,012,412,000CNY | 1,402,188,000CNY | 1,502,721,000CNY | 1,370,761,000CNY | 1,173,972,000CNY | 1,039,318,000CNY | 792,294,000CNY |
| Stock Based Compensation | 1,904,924,000CNY | 2,726,075,000CNY | 3,215,549,000CNY | 2,425,249,000CNY | 1,538,287,000CNY | 2,252,589,000CNY | 2,955,590,000CNY | 382,196,000CNY |
| Other Non Cash Items | 2,442,440,373CNY | -428,540,000CNY | -839,624,000CNY | 1,333,964,000CNY | 1,348,491,000CNY | 525,229,000CNY | 498,340,000CNY | -93,824,000CNY |
| Change To Account Receivables | 1,406,798,518CNY | -2,367,553,000CNY | 834,677,000CNY | 5,160,705,000CNY | 2,646,058,000CNY | -5,835,383,000CNY | -5,040,865,000CNY | -769,062,000CNY |
| Change To Inventory | -1,217,387,521CNY | -1,305,668,000CNY | -176,650,000CNY | — | -1,015,044,000CNY | 4,264,158,000CNY | -457,476,000CNY | 1,781,550,000CNY |
| Change In Working Capital | -6,517,864,288CNY | 1,925,369,000CNY | 1,818,487,000CNY | 4,294,316,000CNY | 32,414,000CNY | 2,991,265,000CNY | -1,761,834,000CNY | 3,078,663,000CNY |
| Total Cash From Operating Activities | -365,921,310CNY | 9,447,137,000CNY | 11,157,625,000CNY | 8,460,754,000CNY | 3,595,122,000CNY | 9,361,949,000CNY | 112,626,000CNY | 3,216,797,000CNY |
| Capital Expenditures | -591,169,556CNY | -1,037,179,000CNY | -873,990,000CNY | -793,032,000CNY | -1,429,977,000CNY | -887,002,000CNY | -703,008,000CNY | -542,853,000CNY |
| Free Cash Flow | -957,090,867CNY | 8,409,958,000CNY | 10,283,635,000CNY | 7,667,722,000CNY | 2,165,145,000CNY | 8,474,947,000CNY | -590,382,000CNY | 2,673,944,000CNY |
| Investments | 5,837,960,000CNY | -9,378,025,000CNY | -3,977,440,000CNY | -8,472,355,000CNY | -24,884,074,000CNY | -14,977,618,000CNY | -3,873,722,000CNY | 2,609,149,000CNY |
| Total Cashflows From Investing Activities | 5,733,737,046CNY | -9,378,025,000CNY | -3,977,440,000CNY | -8,472,355,000CNY | -24,884,074,000CNY | -14,977,618,000CNY | -3,873,722,000CNY | 2,609,149,000CNY |
| Net Borrowings | 938,774,000CNY | -2,391,000CNY | -329,338,000CNY | 164,800,000CNY | -1,073,310,000CNY | -5,978,398,000CNY | 6,758,437,000CNY | -124,121,000CNY |
| Total Cash From Financing Activities | -9,526,384,930CNY | -5,794,635,000CNY | -6,961,591,000CNY | -1,154,993,000CNY | -1,074,173,000CNY | 25,406,250,000CNY | 23,026,396,000CNY | -1,282,408,000CNY |
| Dividends Paid | -2,802,654,519CNY | -2,830,704,000CNY | -1,425,707,000CNY | -55,812,000CNY | -76,619,000CNY | -38,616,000CNY | -28,008,051,000CNY | 0CNY |
| Sale Purchase Of Stock | -6,401,891,444CNY | -5,101,091,000CNY | -5,150,628,000CNY | -1,319,796,000CNY | 0CNY | 38,616,000CNY | -2,761,826,000CNY | -306,175,000CNY |
| Change In Cash | -3,494,588,057CNY | -5,556,047,000CNY | 263,202,000CNY | -1,137,950,000CNY | -22,805,266,000CNY | 17,606,899,000CNY | 19,170,378,000CNY | 4,543,954,000CNY |
| Begin Period Cash Flow | 19,448,527,931CNY | 25,857,461,000CNY | 25,594,259,000CNY | 26,732,209,000CNY | 49,537,475,000CNY | 31,930,576,000CNY | 12,760,198,000CNY | 8,216,244,000CNY |
| End Period Cash Flow | 15,953,939,874CNY | 20,301,414,000CNY | 25,857,461,000CNY | 25,594,259,000CNY | 26,732,209,000CNY | 49,537,475,000CNY | 31,930,576,000CNY | 12,760,198,000CNY |
| Other Cashflows From Investing Activities | 631,406,627CNY | -2,110,202,000CNY | -639,755,000CNY | -30,609,000CNY | -24,884,074,000CNY | -14,977,618,000CNY | 91,216,000CNY | -1,799,013,000CNY |
| Other Cashflows From Financing Activities | -1,235,038,172CNY | 2,139,551,000CNY | -55,918,000CNY | 948,215,000CNY | 843,299,000CNY | 3,307,571,000CNY | 58,968,944,000CNY | 1,120,445,000CNY |
| Unclassified Operating Cash Flow | -2,150,988,251CNY | 146,921,000CNY | -328,579,000CNY | 301,788,000CNY | -170,065,000CNY | -359,429,000CNY | -438,661,000CNY | -514,851,000CNY |
| Unclassified Investing Cash Flow | -144,460,025CNY | 3,147,381,000CNY | 1,513,745,000CNY | 823,641,000CNY | 26,314,051,000CNY | 15,864,620,000CNY | 611,792,000CNY | 2,341,866,000CNY |
| Change To Liabilities | — | — | — | 54,715,000CNY | -198,937,000CNY | 2,443,701,000CNY | 3,009,276,000CNY | 1,157,138,000CNY |
| Issuance Of Capital Stock | — | — | — | 0CNY | 0CNY | 31,630,105,000CNY | 16,076,943,000CNY | 2,584,907,000CNY |
| Unclassified Financing Cash Flow | — | — | — | -892,400,000CNY | -767,543,000CNY | 28,077,077,000CNY | -11,931,108,000CNY | -1,972,557,000CNY |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Operating metrics
No operating metrics are currently published for this company.
Revenue breakdown
No revenue breakdown is currently published for this company.
Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.