Below are the financial statements of Kuaishou Technology, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of CNY | 2024 | 2023 |
|---|---|---|
| Revenues | 126,898a | 113,470a |
| Cost of revenues | -57,606a | -56,079a |
| Gross profit | 69,292a | 57,391a |
| Selling and marketing expenses | -41,105a | -36,496a |
| Administrative expenses | -2,916a | -3,514a |
| Research and development expenses | -12,199a | -12,338a |
| Other income | 533a | 978a |
| Other gains, net | 1,682a | 410a |
| Operating profit | 15,287a | 6,431a |
| Finance income, net | 236a | 539a |
| Share of losses of investments accounted for using the equity method | -29a | -81a |
| Profit before income tax | 15,494a | 6,889a |
| Income tax expenses | -150a | -490a |
| Profit for the year | 15,344a | 6,399a |
| Attributable to | — | — |
| Equity holders of the Company | 15,335a | 6,396a |
| Non-controlling interests | 9a | 3a |
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