Financial Statements — HUYA
Balance Sheet
(in billions CNY)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 0.69 | 1.19 | 0.07 | 0.66 | 1.79 | 0.50 | 1.11 |
| Short-term Investments | -- | -- | 0.00 | 0.00 | 0.82 | 0.18 | 0.32 |
| Accounts Receivable | 0.24 | 0.08 | 0.06 | 0.08 | 0.09 | 0.07 | 0.06 |
| Total Current Assets | 4.91 | 6.09 | 8.15 | 10.45 | 11.92 | 1.73 | 10.59 |
| Property, Plant & Equipment | 0.60 | 0.48 | 0.33 | 0.20 | 0.08 | 0.09 | 0.10 |
| Goodwill | 0.45 | 0.06 | 0.06 | -- | -- | -- | -- |
| Intangible Assets | 0.13 | 0.15 | 0.16 | 0.06 | 0.08 | 0.06 | 0.01 |
| Total Non-current Assets | 1.79 | 3.48 | 0.67 | 2.69 | 0.21 | 1.14 | 0.77 |
| Total Assets | 0.96 | 9.57 | 1.82 | 13.15 | 2.08 | 1.90 | 1.63 |
| Accounts Payable | 0.24 | 0.07 | 0.00 | 0.02 | 0.00 | 0.01 | 0.00 |
| Total Current Liabilities | 0.25 | 1.94 | 2.16 | 2.20 | 0.40 | 0.37 | 0.35 |
| Total Non-current Liabilities | 0.05 | 0.08 | 0.14 | 0.01 | 0.03 | 0.04 | 0.03 |
| Total Liabilities | 0.25 | 2.02 | 0.32 | 0.33 | 2.74 | 0.40 | 0.39 |
| Retained Earnings | (2.22) | (2.10) | (0.29) | (0.26) | 1.30 | 0.29 | (0.29) |
| Total Stockholder Equity | 0.70 | 7.55 | 1.50 | 1.57 | 1.65 | 1.50 | 1.25 |
Income Statement
(in billions CNY) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Total Revenue | 6.50 | 6.08 | 6.99 | 9.22 | 11.35 | 10.91 | 1.20 |
| Cost of Revenue | 5.63 | 0.72 | 0.87 | 1.25 | 1.53 | 1.33 | 6.89 |
| Gross Profit | 0.87 | 0.81 | 0.82 | 0.09 | 0.25 | 2.27 | 1.48 |
| Research & Development | 0.50 | 0.07 | 0.08 | 0.10 | 0.13 | 0.73 | 0.51 |
| Selling, General & Admin | 0.04 | 0.03 | 0.05 | 0.05 | 0.33 | 0.07 | 0.35 |
| Total Operating Expenses | 1.07 | 1.04 | 0.19 | 1.48 | 0.30 | 0.27 | 0.19 |
| Operating Income | (0.02) | (0.19) | (0.44) | (0.10) | -0.00 | 0.11 | 0.04 |
| Pretax Income | (0.10) | (0.03) | (0.03) | (0.46) | 0.26 | 1.03 | 0.08 |
| Tax Provision | 0.01 | 0.01 | 0.00 | 0.00 | 0.06 | 0.18 | 0.10 |
| Net Income | (0.02) | (0.05) | (0.20) | (0.07) | 0.09 | 0.88 | 0.07 |
| Basic EPS | (0.49) | (0.21) | (0.12) | (0.29) | 2.45 | 0.60 | 0.31 |
| Diluted EPS | (0.49) | (0.21) | (0.12) | (0.29) | 2.41 | 0.57 | 0.29 |
Cash Flow Statement
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | (176.15) | 12.92 | (4.52) | (63.39) | 51.38 | 1,239.87 | 1,945.41 |
| Capital Expenditures | 167.83 | 186.26 | 17.35 | 22.67 | 39.48 | 8.34 | 61.21 |
| Free Cash Flow* | (343.98) | (173.34) | (21.87) | (86.06) | 11.90 | 1,231.54 | 1,884.20 |
| Investing Cash Flow | 2,185.28 | 3,678.54 | 7.50 | (848.57) | (295.06) | 153.99 | (529.31) |
| Financing Cash Flow | (2,498.19) | (3,104.67) | (28.49) | 6.05 | 1.68 | 40.66 | 2,133.65 |
* Derived from reported values
