Your Best Stock
$78.15
−$1.05 (-1.33%)
Market open · Sep 24, 2:00 pm ET
After hours $79.40 +0.25%
Open$78.90
Prev close$79.20
Day range$77.79 – $79.22
Volume2.54M
Market cap$111.24B
P/E (TTM)8.4
Dividend yield–

Fundamentals

Latest reported quarter: Q2, ended Jun 2026 · reported in CNY

RevenueCN¥112.36B+8.1% YoY
Operating profitCN¥27.76B+7.6% YoY
Net profitCN¥27.18B-11.6% YoY
Diluted EPSCN¥18.44-11.2% YoY
Free cash flowCN¥25.67B+18.6% YoY
Operating cash flowCN¥25.67B

Revenue, last 8 quarters

CN¥99.4BSep '24CN¥110.6BDec '24CN¥95.7BMar '25CN¥104.0BJun '25CN¥108.3BSep '25CN¥123.9BDec '25CN¥106.2BMar '26CN¥112.4BJun '26

Net profit, last 8 quarters

CN¥25.0BSep '24CN¥27.4BDec '24CN¥14.7BMar '25CN¥30.8BJun '25CN¥29.3BSep '25CN¥23.0BDec '25CN¥12.5BMar '26CN¥27.2BJun '26

Diluted EPS by quarter

16.92Sep '2418.52Dec '249.96Mar '2520.76Jun '2519.72Sep '2516.52Dec '258.48Mar '2618.44Jun '26

Free cash flow by quarter

CN¥27.5BSep '24CN¥28.6BDec '24CN¥15.5BMar '25CN¥21.6BJun '25CN¥45.7BSep '25CN¥23.0BDec '25CN¥16.4BMar '26CN¥25.7BJun '26

Annual revenue

CN¥59.5BFY20CN¥93.9BFY21CN¥130.6BFY22CN¥247.6BFY23CN¥393.8BFY24CN¥431.8BFY25

Profitability & balance sheet

Gross margin56.3%
Operating margin21.9%
Net margin20.4%
Return on equity22.7%
Return on assets15.0%
Return on invested capital16.9%
Current ratio2.62
Liabilities / assets32.5%
Cash & investmentsCN¥456.41B
Total debtCN¥2.39B
Net cash (debt)CN¥454.03B
Free cash flow / sales24.6%

Where the revenue comes from

Quarter 2025/FY

By business line

  • Online marketing services and othersCN¥217.78B 50.4%
  • Transaction ServicesCN¥214.06B 49.6%

This company reports in its own local currency, not U.S. dollars. Every figure below is labeled with its real currency, not automatically converted.

Income statement

Line item 2026 Q2
(CNY)
2026 Q1
(CNY)
2025 ANNUAL
(CNY)
2025 Q4
(CNY)
2025 Q3
(CNY)
Total Revenue as Reported CN¥112.36B CN¥106.23B CN¥431.85B CN¥123.91B CN¥108.28B
Total Operating Revenue CN¥112.36B CN¥106.23B CN¥431.85B CN¥123.91B CN¥108.28B
Cost of Revenue CN¥48.02B CN¥46.89B CN¥188.80B CN¥55.16B CN¥46.84B
Gross Profit CN¥64.34B CN¥59.34B CN¥243.04B CN¥68.76B CN¥61.44B
Operating Expense CN¥36.58B CN¥39.77B CN¥149.94B CN¥42.56B CN¥36.41B
Selling and Admin Expenses CN¥32.01B CN¥35.35B CN¥133.45B CN¥37.56B CN¥32.08B
-Selling & Marketing Expense CN¥29.67B CN¥33.77B CN¥125.29B CN¥34.35B CN¥30.32B
-General & Admin Expense CN¥2.34B CN¥1.58B CN¥8.16B CN¥3.21B CN¥1.76B
Research & Development CN¥4.57B CN¥4.42B CN¥16.50B CN¥4.99B CN¥4.33B
Operating Profit CN¥27.76B CN¥19.57B CN¥93.10B CN¥26.20B CN¥25.03B
Net Non-Operating Interest Income (Expense) CN¥13.51B -CN¥632.00M CN¥25.58B CN¥6.37B CN¥8.57B
Non-Operating Interest Income CN¥13.51B – CN¥25.58B CN¥6.37B CN¥8.57B
Other Income (Expense) -CN¥7.96B -CN¥2.18B CN¥760.31M -CN¥1.27B -CN¥313.58M
Gain on Sale of Security -CN¥558.00M -CN¥145.00M -CN¥1.97B -CN¥659.93M -CN¥265.20M
Other Non-Operating Income (Expenses) -CN¥7.40B -CN¥2.03B CN¥2.73B -CN¥605.08M -CN¥48.38M
Pretax Profit CN¥33.31B CN¥16.76B CN¥119.45B CN¥31.31B CN¥33.28B
Tax CN¥6.09B CN¥4.12B CN¥21.73B CN¥8.45B CN¥3.99B
Earnings from Equity Interest Net of Tax -CN¥38.00M -CN¥96.00M CN¥129.01M CN¥159.80M CN¥37.29M
Net Profit CN¥27.18B CN¥12.55B CN¥97.84B CN¥23.02B CN¥29.33B
Profit from Continuing Operations CN¥27.18B CN¥12.55B CN¥97.84B CN¥23.02B CN¥29.33B
Net Income to Parent Company CN¥27.18B CN¥12.55B CN¥97.84B CN¥23.02B CN¥29.33B
Net Income to Common Stockholders CN¥27.18B CN¥12.55B CN¥97.84B CN¥23.02B CN¥29.33B
Basic EPS CN¥19.32 CN¥8.92 CN¥70.00 CN¥17.48 CN¥20.96
Diluted EPS CN¥18.44 CN¥8.48 CN¥66.00 CN¥16.52 CN¥19.72
Non-Operating Interest Expense – CN¥632.00M CN¥0.00 – –

Balance sheet

Line item 2026 Q2
(CNY)
2026 Q1
(CNY)
2025 ANNUAL
(CNY)
2025 Q4
(CNY)
2025 Q3
(CNY)
Total Assets CN¥663.41B CN¥637.70B CN¥630.04B CN¥630.04B CN¥613.72B
Total Current Assets CN¥556.78B CN¥536.56B CN¥518.98B CN¥518.98B CN¥516.36B
Cash and Cash Equivalents & Short-Term Investments CN¥456.41B CN¥436.07B CN¥422.31B CN¥422.31B CN¥423.77B
-Cash and Cash Equivalents CN¥128.92B CN¥123.04B CN¥108.90B CN¥108.90B CN¥92.39B
-Short Term Investments CN¥327.50B CN¥313.03B CN¥313.41B CN¥313.41B CN¥331.38B
Receivables CN¥14.51B CN¥15.53B CN¥18.53B CN¥18.53B CN¥15.15B
-Accounts Receivable CN¥6.08B CN¥5.76B CN¥5.11B CN¥5.11B CN¥6.00B
-Due from Related Parties Current CN¥8.43B CN¥9.77B CN¥10.21B CN¥10.21B CN¥9.15B
Restricted Cash CN¥77.27B CN¥76.21B CN¥73.83B CN¥73.83B CN¥71.00B
Other Current Assets CN¥8.58B CN¥8.75B CN¥1.49B CN¥1.49B CN¥6.44B
Total Non-Current Assets CN¥106.63B CN¥101.15B CN¥111.06B CN¥111.06B CN¥97.36B
Net PPE CN¥9.07B CN¥5.75B CN¥6.17B CN¥6.17B CN¥6.21B
-Gross PPE CN¥9.07B CN¥5.75B CN¥10.66B CN¥10.66B CN¥6.21B
Goodwill and Other Intangible Assets CN¥14.00M CN¥15.00M CN¥15.39M CN¥15.39M CN¥16.34M
Non-Current Deferred Assets CN¥1.16B CN¥202.00M CN¥171.96M CN¥171.96M CN¥670.25M
Other Non-Current Assets CN¥96.38B CN¥95.18B CN¥104.71B CN¥104.71B CN¥90.47B
Total Liabilities CN¥215.62B CN¥214.28B CN¥216.66B CN¥216.66B CN¥222.32B
Total Current Liabilities CN¥212.71B CN¥211.64B CN¥213.74B CN¥213.74B CN¥219.22B
Payables CN¥111.19B CN¥110.41B CN¥173.68B CN¥173.68B CN¥101.76B
-Accounts Payable CN¥109.92B CN¥109.15B CN¥140.07B CN¥140.07B CN¥100.58B
-Due to Related Parties Current CN¥1.27B CN¥1.25B CN¥1.09B CN¥1.09B CN¥1.18B
Current Accrued Expenses CN¥76.88B CN¥77.31B CN¥10.73B CN¥10.73B CN¥89.07B
Short-Term Debt and Capital Lease Obligation CN¥2.46B CN¥2.50B CN¥2.50B CN¥2.50B CN¥7.63B
-Current Capital Lease Obligation CN¥2.46B CN¥2.50B CN¥2.50B CN¥2.50B CN¥2.39B
Current Deferred Liabilities CN¥3.64B CN¥3.52B CN¥3.38B CN¥3.38B CN¥3.33B
Other Current Liabilities CN¥18.55B CN¥17.91B CN¥23.44B CN¥23.44B CN¥17.43B
Total Non-Current Liabilities CN¥2.91B CN¥2.64B CN¥2.92B CN¥2.92B CN¥3.10B
Long Term Debt and Capital Lease Obligation CN¥2.39B CN¥2.62B CN¥2.88B CN¥2.88B CN¥3.04B
-Long Term Capital Lease Obligation CN¥2.39B CN¥2.62B CN¥2.88B CN¥2.88B CN¥3.04B
Other Non-Current Liabilities CN¥517.00M – – – –
Total Equity CN¥447.79B CN¥423.43B CN¥413.39B CN¥413.39B CN¥391.40B
Stockholders' Equity CN¥447.79B CN¥423.43B CN¥413.39B CN¥413.39B CN¥391.40B
Capital Stock CN¥0.00 CN¥0.00 CN¥182,000.00 CN¥182,000.00 CN¥181,000.00
-Common Stock CN¥0.00 CN¥0.00 CN¥182,000.00 CN¥182,000.00 CN¥181,000.00
Additional Paid-In Capital CN¥128.60B CN¥127.29B CN¥125.77B CN¥125.77B CN¥124.01B
Retained Earnings CN¥323.89B CN¥296.71B CN¥284.16B CN¥284.16B CN¥262.24B
Gains/Losses Not Affecting Retained Earnings -CN¥4.70B -CN¥575.00M CN¥3.45B CN¥3.45B CN¥5.14B
Non-Current Deferred Liabilities – CN¥15.00M CN¥41.85M CN¥41.85M CN¥63.54M
-Accrued Interest Receivable – – CN¥191.57M CN¥191.57M –
-Taxes Receivable – – CN¥3.02B CN¥3.02B –
Prepaid Assets – – CN¥2.82B CN¥2.82B –
-Accumulated Depreciation – – -CN¥4.49B -CN¥4.49B –
-Total Tax Payable – – CN¥27.64B CN¥27.64B –
-Other Payable – – CN¥4.89B CN¥4.89B –
-Current Debt – – – – CN¥5.25B

Cash flow

Line item 2026 Q2
(CNY)
2026 Q1
(CNY)
2025 ANNUAL
(CNY)
2025 Q4
(CNY)
2025 Q3
(CNY)
Operating Cash Flow CN¥25.67B CN¥16.45B CN¥106.94B CN¥24.12B CN¥45.66B
Net cash flow from investing -CN¥19.97B CN¥2.08B -CN¥43.42B CN¥1.54B -CN¥11.56B
Financing Cash Flow CN¥0.00 CN¥0.00 -CN¥5.23B -CN¥5.23B CN¥551,000.00
Ending Cash Balance CN¥206.19B CN¥199.25B CN¥182.73B CN¥182.73B CN¥163.39B
Net Change in Cash CN¥5.70B CN¥18.53B CN¥58.29B CN¥20.43B CN¥34.11B
Beginning Cash Balance CN¥199.25B CN¥182.73B CN¥126.19B CN¥163.39B CN¥129.90B
Effect of Exchange Rate Changes CN¥1.24B -CN¥2.01B -CN¥1.75B -CN¥1.09B -CN¥616.09M
Free Cash Flow CN¥25.67B CN¥16.45B CN¥105.79B CN¥22.97B CN¥45.66B
Net cash flow from continuing operations – – CN¥106.94B – –
Net Income from Continuing Operations – – CN¥97.84B – –
Gain/Loss from Continuing Operations – – CN¥1.84B – –
Depreciation & Depletion & Amortization – – CN¥3.00B – –
Deferred Tax – – -CN¥181.93M – –
Other Non-Cash Items – – -CN¥774.23M – –
Change in Working Capital – – CN¥7.37B – –
-Change in Receivables – – -CN¥3.96B – –
-Change in Prepaid Assets – – -CN¥2.41B – –
-Change in Payables and Accrued Expense – – CN¥27.97B – –
-Change in Other Current Assets – – -CN¥12.55B – –
-Change in Other Current Liabilities – – -CN¥2.12B – –
-Change In Other Working Capital – – CN¥431.75M – –
Net Cash Flow from Continuing Investing Activities – – -CN¥43.42B – –
Net PPE Purchase and Sale – – -CN¥1.15B – –
Net Investment Purchase and Sale – – -CN¥42.08B – –
Net Other Investing Changes – – -CN¥199.75M – –
Net Cash Flow from Continuing Financing Activities – – -CN¥5.23B – –
Net Issuance Payments Of Debt – – -CN¥5.23B – –
Net Other Financing Charges – – CN¥1.36M – –
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