2025-11-18 09:01Financial Performance - Revenues for the third quarter of 2025 were RMB2,163.3 million (US$303.9 million), representing a year-on-year increase of 13.2% from RMB1,911.6 million in the same quarter of 2024[7] - Net income for the third quarter of 2025 was RMB775.4 million (US$108.9 million), reflecting a 67.2% increase from RMB463.8 million in the same quarter of 2024[11] - Adjusted net income for the third quarter of 2025 was RMB991.8 million (US$139.3 million), an increase of 34.2% from RMB738.9 million in the same quarter of 2024[11] - Operating income for the three months ended September 30, 2025, was RMB 687,123, a significant increase of 108.1% year-over-year[28] - Net income for the nine months ended September 30, 2025, reached RMB 2,041,165, up 80.5% compared to the same period in 2024[28] Customer Metrics - The number of paid enterprise customers increased by 13.3% year-on-year to 6.8 million, up from 6.0 million in the previous year[6] - Average monthly active users for the third quarter of 2025 reached 63.8 million, a 10.0% increase from 58.0 million in the same quarter of 2024[6] Cost and Expenses - Total operating costs and expenses decreased by 7.0% to RMB1,476.2 million (US$207.4 million) compared to RMB1,586.9 million in the same quarter of 2024[8] - Research and development expenses for the three months ended September 30, 2025, decreased to RMB 408,019, down 12.1% from RMB 464,151 in the same period of 2024[28] - Share-based compensation expenses for the three months ended September 30, 2024, were RMB 275,067,000, down from RMB 687,123,000 in the same period of 2023, indicating a decrease of about 60%[35] Cash and Assets - The balance of cash and cash equivalents as of September 30, 2025, was RMB19,214.4 million (US$2,699.0 million)[15] - Cash and cash equivalents as of September 30, 2025, amounted to RMB 4,698,085, reflecting a substantial increase from RMB 2,553,090 at the beginning of the year[31] - Total assets as of September 30, 2025, were RMB 24,156,544, an increase from RMB 19,310,672 as of December 31, 2024[31] Future Outlook - The company expects total revenues for the fourth quarter of 2025 to be between RMB2.05 billion and RMB2.07 billion, indicating a year-on-year increase of 12.4% to 13.5%[17] Earnings Per Share - The company reported a net income per ordinary share (diluted) of RMB 0.85 for the three months ended September 30, 2025, compared to RMB 0.52 in the same period of 2024[28] - The adjusted net income per ordinary share (diluted) for the three months ended September 30, 2024, was RMB 1.08, compared to RMB 0.82 in the same period of 2023, indicating a growth of approximately 32%[35] Historical Comparisons - For the three months ended September 30, 2024, the adjusted income from operations was RMB 605,250,000, representing a significant increase from RMB 330,183,000 in the same period of 2023, which is a growth of approximately 83%[35] - The net income for the nine months ended September 30, 2024, reached RMB 1,122,801,000, up from RMB 792,385,000 in the previous year, marking an increase of about 42%[35] - The adjusted net income attributable to ordinary shareholders for the three months ended September 30, 2024, was RMB 743,439,000, compared to RMB 468,372,000 in the same quarter of 2023, reflecting a growth of approximately 58%[35]