2024-04-25 12:02Financial Performance - Net income reported under U.S. GAAP for the year ended December 31, 2023, is $1,925,409 thousand, compared to $1,824,626 thousand for 2022, reflecting an increase of approximately 5.8%[2] - Net income as reported under IFRS for the year ended December 31, 2023, is $1,841,311 thousand, down from $1,896,945 thousand in 2022, indicating a decrease of about 2.9%[2] Total Equity - Total equity reported under U.S. GAAP as of December 31, 2023, is $23,414,305 thousand, slightly down from $23,482,987 thousand in 2022, a decrease of approximately 0.3%[3] - Total equity as reported under IFRS as of December 31, 2023, is $24,586,787 thousand, up from $24,510,356 thousand in 2022, reflecting an increase of about 0.3%[3] Reconciliation Adjustments - The reconciliation includes a fair value profit change of RMB130.49 million for 2022 and a negative change of RMB17.00 million for 2023 related to preferred shares[6] - The difference in lease expenses recognized in the consolidated statements of comprehensive income is RMB1.37 million for 2022 and a negative RMB1.57 million for 2023[7] - Share-based compensation expense differences are RMB59.54 million for 2022 and RMB65.52 million for 2023, indicating an increase in expense recognition under IFRS[8] - The preferred shares accounted for as mezzanine equity under U.S. GAAP amount to RMB1,035.33 million in 2022 and RMB1,182.02 million in 2023 under IFRS[6] - The adjustments for leases resulted in a total equity difference of RMB7.96 million in 2022 and RMB9.54 million in 2023[7] IFRS Standards Impact - The new IFRS standards effective from January 1, 2023, do not have a significant impact on the financial performance and positions of the company[4]