DouYu International Holdings Limited Reports Second Quarter 2026 Unaudited Financial Results
Rhea-AI Summary
DouYu (Nasdaq: DOYU) reported unaudited second quarter 2026 net revenues of RMB981.1 million, down 6.9% year-over-year, with livestreaming revenues falling 13.0% to RMB503.0 million and innovative business, advertising and other revenues edging up 0.4% to RMB478.1 million.
Gross profit rose 12.0% to RMB159.0 million, lifting gross margin to 16.2%, driven by lower revenue-sharing, content and bandwidth costs. However, higher branding and promotional spending pushed sales and marketing expenses up 102.6% to RMB124.8 million, resulting in a loss from operations of RMB21.3 million and a net loss of RMB72.4 million. Adjusted net loss (non-GAAP) was RMB13.5 million. Average MAUs for DouYu Livestreaming were 45.4 million, while the voice-based social networking business generated revenues of RMB272.3 million. As of June 30, 2026, cash, restricted cash and bank deposits totaled RMB2,365.6 million.
Positive
- Gross profit up 12.0% YoY to RMB159.0 million
- Gross margin improved to 16.2% from 13.5% YoY
- Total net revenues grew 19.4% quarter-over-quarter
- Cash and deposits increased to RMB2,365.6 million from RMB2,283.7 million
- Voice-based social networking revenue reached RMB272.3 million
- Average MAUs for DouYu Livestreaming were 45.4 million, up 2.6% QoQ
Negative
- Total net revenues down 6.9% YoY to RMB981.1 million
- Livestreaming revenues down 13.0% YoY to RMB503.0 million
- Net result swung to RMB72.4 million loss from RMB37.8 million income
- Adjusted net moved to RMB13.5 million loss from RMB25.3 million income
- Sales and marketing expenses up 102.6% YoY to RMB124.8 million
- Quarterly average paying users in livestreaming declined year-over-year
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 28 | Q1 earnings report | Positive | +2.4% | Profitability improved despite revenue decline, and the stock gained 2.4%. |
| Mar 25 | Q4 earnings report | Positive | +5.3% | Cost controls improved margins and profitability; the stock gained 5.3%. |
| Nov 20 | Q3 earnings report | Positive | -5.0% | Profitability improved despite declining revenue; the stock fell 5.01%. |
| Aug 18 | Q2 earnings report | Positive | +14.3% | Net income and gross margin improved; the stock gained 14.33%. |
| May 20 | Q1 earnings report | Negative | -0.7% | Revenue and livestreaming declined, with a net loss; the stock fell 0.72%. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-specific earnings events aligned with the reported direction four times and diverged once, with positive reactions following most recent profitability-focused releases.
Key Terms
non-gaap financial
maus technical
arppu financial
ads financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
WUHAN, China, Aug. 20, 2026 (GLOBE NEWSWIRE) -- DouYu International Holdings Limited ("DouYu" or the "Company") (Nasdaq: DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced its unaudited financial results for the second quarter ended June 30, 2026.
Second Quarter 2026 Financial Highlights
- Total net revenues in the second quarter of 2026 were RMB981.1 million (US
$144.6 million ), compared with RMB1,053.9 million in the same period of 2025. - Gross profit in the second quarter of 2026 was RMB159.0 million (US
$23.4 million ), compared with RMB141.9 million in the same period of 2025. - Loss from operations in the second quarter of 2026 was RMB21.3 million (US
$3.1 million ), compared with income from operations of RMB14.2 million in the same period of 2025. - Net loss in the second quarter of 2026 was RMB72.4 million (US
$10.7 million ), compared with net income of RMB37.8 million in the same period of 2025. - Adjusted net loss (non-GAAP)1 in the second quarter of 2026 was RMB13.5 million (US
$2.0 million ), compared with adjusted net income (non-GAAP) of RMB25.3 million in the same period of 2025.
Ms. Simin Ren, Chief Executive Officer of DouYu, commented, "In the second quarter, despite a challenging external environment, we made steady progress across several fronts. Livestreaming revenues returned to sequential growth, while user engagement improved, underscoring the resilience of our core livestreaming ecosystem. Our innovative business, advertising and other revenues continued to grow, reflecting sustained momentum in our revenue diversification efforts. During the quarter, we successfully hosted the DouYu Carnival, which has provided initial validation of the long-term value of our proprietary IPs in strengthening our streamer portfolio, boosting brand awareness and deepening our collaboration with game studios. Going forward, we expect to maintain a focused and disciplined approach to investment, while continuing to improve the quality, cost efficiency and monetization of our events and content offerings. Through these efforts, we aim to further strengthen our livestreaming business and support healthy and sustainable growth across our platform."
Mr. Hao Cao, Vice President of DouYu, commented, "In the second quarter, our total net revenues grew
Second Quarter 2026 Operational Highlights
- Average MAUs2 of DouYu Livestreaming were 45.4 million, increasing
2.6% sequentially. The broadly stable sequential performance reflects the Company's efforts in content and event offerings during the quarter among continued headwinds in user retention and engagement. - The number of quarterly average paying users3 for the live-streaming-related business was 2.3 million, with a quarterly ARPPU of RMB283. This represents a year-over-year decrease in paying users, primarily attributable to weaker consumer spending amid the prevailing macroeconomic environment, and fewer promotional activities resulting from adjustments to the platform's operational strategy.
- Revenues from DouYu's voice-based social networking business reached RMB272.3 million. Average MAUs for the voice-based social networking business were 314,300, with 66,200 monthly average paying users4. During the quarter, DouYu optimized social networking experiences and refined resource allocation for the voice-based social networking business. These efforts helped balance the business's profitability with a healthy community ecosystem, in line with the Company's expectations.
- During the second quarter, DouYu successfully executed a number of key operating initiatives, leveraging the strengths of its community, streamer ecosystem and content operations. DouYu continued to invest in proprietary IP events, including the DouYu Carnival, which brought together a broad range of game studios and industry partners and featured eSports events, streamer meet-and-greets and interactive offline experiences. The event further enhanced DouYu’s brand awareness and deepened the platform’s connections with game studios, streamers, industry partners and users. On the monetization front, DouYu’s PGC events, such as FarmUP Camp S2, attracted tens of millions of viewers and delivered solid monetization performance.
Second Quarter 2026 Financial Results
Total net revenues in the second quarter of 2026 decreased by
Livestreaming revenues in the second quarter of 2026 decreased by
Innovative business, advertising and other revenues in the second quarter of 2026 increased by
Cost of revenues in the second quarter of 2026 decreased by
Revenue-sharing fees and content costs in the second quarter of 2026 decreased by
Bandwidth costs in the second quarter of 2026 decreased by
Gross profit in the second quarter of 2026 increased by
Sales and marketing expenses in the second quarter of 2026 increased by
General and administrative expenses in the second quarter of 2026 decreased by
Research and development expenses in the second quarter of 2026 decreased by
Loss from operations in the second quarter of 2026 was RMB21.3 million (US
Net loss in the second quarter of 2026 was RMB72.4 million (US
Adjusted net loss (non-GAAP), which is calculated as net loss excluding share of income (loss) in equity method investments and impairment losses and fair value adjustments on investments, was RMB13.5 million (US
Basic and diluted net loss per ADS5 in the second quarter of 2026 were both RMB2.40 (US
Adjusted basic and diluted net loss per ADS (non-GAAP) in the second quarter of 2026 were both RMB0.45 (US
Cash and cash equivalents, restricted cash and bank deposits
As of June 30, 2026, the Company had cash and cash equivalents, restricted cash, restricted cash in other non-current assets, and short-term and long-term bank deposits of RMB2,365.6 million (US
About DouYu International Holdings Limited
Headquartered in Wuhan, China, DouYu International Holdings Limited (Nasdaq: DOYU) is a leading game-centric live streaming platform in China and a pioneer in the eSports value chain. DouYu operates its platform on both PC and mobile apps to bring users access to immersive and interactive games and entertainment live streaming, a wide array of video and graphic content, as well as opportunities to participate in community events and discussions. By nurturing a sustainable technology-based talent development system and relentlessly producing high-quality content, DouYu consistently delivers premium content through the integration of live streaming, video, graphics, and virtual communities with a primary focus on games. This enables DouYu to continuously enhance its user experience and pursue long-term healthy development. For more information, please see http://ir.douyu.com.
Use of Non-GAAP Financial Measures
Adjusted net income (loss) is calculated as net income (loss) adjusted for share of income (loss) in equity method investments and impairment losses and fair value adjustments on investments. Adjusted net income (loss) attributable to DouYu is calculated as net income (loss) attributable to DouYu adjusted for share of income (loss) in equity method investments and impairment losses and fair value adjustments on investments. Adjusted basic and diluted net income (loss) per ordinary share is non-GAAP net income (loss) attributable to ordinary shareholders divided by the weighted average number of ordinary shares used in the calculation of non-GAAP basic and diluted net income (loss) per ordinary share. The Company adjusted the impact of (i) share of income (loss) in equity method investments and (ii) impairment losses and fair value adjustments on investments to understand and evaluate the Company's core operating performance. The non-GAAP financial measures are presented to enhance investors' overall understanding of the Company's financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. Investors are encouraged to review the reconciliation of the historical non-GAAP financial measures to their most directly comparable GAAP financial measures. As non-GAAP financial measures have material limitations as analytical metrics and may not be calculated in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measures as a substitute for, or superior to, such metrics in accordance with U.S. GAAP.
For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of GAAP and Non-GAAP Results” near the end of this release.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.7851 to US
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s results of operations and financial condition; the Company’s business strategies and plans; general market conditions, in particular, the game live streaming market; the ability of the Company to retain and grow active and paying users; changes in general economic and business conditions in China; any adverse changes in laws, regulations, rules, policies or guidelines applicable to the Company; and assumptions underlying or related to any of the foregoing. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.
| Investor Relations Contact | |
| In China: | |
| Chenyang Yan DouYu International Holdings Limited Email: ir@douyu.tv Tel: +86 (10) 6508-0677 | Andrea Guo Piacente Financial Communications Email: douyu@tpg-ir.com Tel: +86 (10) 6508-0677 |
| In the United States: | |
| Brandi Piacente Piacente Financial Communications Email: douyu@tpg-ir.com Tel: +1-212-481-2050 |
1 “Adjusted net loss (non-GAAP)” is defined as net loss excluding share of loss (income) in equity method investments and impairment losses and fair value adjustments on investments. For more information, please refer to “Use of Non-GAAP Financial Measures” and “Reconciliations of GAAP and Non-GAAP Results” at the end of this press release.
2 "MAUs" refers to the number of active users (exclusive of innovative business, unless otherwise indicated) in a given period. Average MAUs for a given period is calculated by dividing (i) the sum of active users for each month of such period, by (ii) the number of months in such period.
3 “Quarterly average paying users” refers to the average paying users for each quarter during a given period of time calculated by dividing (i) the sum of paying users for each quarter of such period, by (ii) the number of quarters in such period. “Paying user” refers to a registered user that has purchased virtual gifts on the DouYu platform at least once during the relevant period.
4 “Monthly average paying users” refers to the monthly average number of paying users during a given period of time calculated by dividing (i) the sum of paying users in each month of such period, by (ii) the number of months in such period. “Paying user” refers to a registered user that has purchased virtual gifts on the DouYu platform at least once during the relevant period.
5 Each ADS represents one ordinary share for the relevant period and calendar year.
| UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | |||||
| (All amounts in thousands, except share, ADS, per share and per ADS data) | |||||
| As of December 31 | As of June 30 | ||||
| 2025 | 2026 | 2026 | |||
| ASSETS | RMB | RMB | US$ (1) | ||
| Current assets: | |||||
| Cash and cash equivalents | 1,759,127 | 2,147,572 | 316,513 | ||
| Restricted cash | 35 | - | - | ||
| Short-term bank deposits | 502,502 | 156,494 | 23,064 | ||
| Accounts receivable, net | 77,584 | 50,415 | 7,430 | ||
| Prepayments | 15,790 | 37,613 | 5,543 | ||
| Amounts due from related parties | 91,601 | 88,807 | 13,089 | ||
| Other current assets, net | 185,264 | 175,812 | 25,911 | ||
| Total current assets | 2,631,903 | 2,656,713 | 391,550 | ||
| Property and equipment, net | 5,040 | 4,771 | 703 | ||
| Intangible assets, net | 33,580 | 22,854 | 3,368 | ||
| Long-term bank deposits | - | 40,000 | 5,895 | ||
| Investments | 383,683 | 316,822 | 46,694 | ||
| Right-of-use assets, net | 7,900 | 17,056 | 2,514 | ||
| Other non-current assets | 57,845 | 57,597 | 8,489 | ||
| Total non-current assets | 488,048 | 459,100 | 67,663 | ||
| TOTAL ASSETS | 3,119,951 | 3,115,813 | 459,213 | ||
LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||
| LIABILITIES | |||||
| Current liabilities: | |||||
| Accounts payable | 554,131 | 639,737 | 94,286 | ||
| Advances from customers | 2,311 | 5,060 | 746 | ||
| Deferred revenue | 236,900 | 235,152 | 34,657 | ||
| Accrued expenses and other current liabilities | 218,921 | 243,285 | 35,856 | ||
| Amounts due to related parties | 112,307 | 84,494 | 12,453 | ||
| Lease liabilities due within one year | 6,703 | 6,673 | 983 | ||
| Total current liabilities | 1,131,273 | 1,214,401 | 178,981 | ||
| Lease liabilities | 1,306 | 9,260 | 1,365 | ||
| Total non-current liabilities | 1,306 | 9,260 | 1,365 | ||
| TOTAL LIABILITIES | 1,132,579 | 1,223,661 | 180,346 | ||
(1) Translations of certain RMB amounts into U.S. dollars at a specified rate are solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.7851 to US
| UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED) | |||||
| (All amounts in thousands, except share, ADS, per share and per ADS data) | |||||
| As of December 31 | As of June 30 | ||||
| 2025 | 2026 | 2026 | |||
| RMB | RMB | US$ (1) | |||
| SHAREHOLDERS' EQUITY | |||||
| Ordinary shares | 20 | 20 | 3 | ||
| Additional paid-in capital | 5,363,717 | 5,363,717 | 790,514 | ||
| Accumulated deficit | (3,820,899) | (3,865,845) | (569,755) | ||
| Accumulated other comprehensive income | 444,534 | 394,260 | 58,105 | ||
| Total DouYu Shareholders’ Equity | 1,987,372 | 1,892,152 | 278,867 | ||
| Total Shareholders’ Equity | 1,987,372 | 1,892,152 | 278,867 | ||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 3,119,951 | 3,115,813 | 459,213 | ||
(1) Translations of certain RMB amounts into U.S. dollars at a specified rate are solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.7851 to US
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) | |||||||||||||
| (All amounts in thousands, except share, ADS, per share and per ADS data) | |||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||
| June 30, 2025 | March 31, 2026 | June 30, 2026 | June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2026 | |||||||
| RMB | RMB | RMB | US$ (1) | RMB | RMB | US$ (1) | |||||||
| Net revenues | 1,053,915 | 821,817 | 981,071 | 144,592 | 2,000,966 | 1,802,888 | 265,713 | ||||||
| Cost of revenues | (911,975) | (692,444) | (822,045) | (121,154) | (1,745,518) | (1,514,489) | (223,208) | ||||||
| Gross profit | 141,940 | 129,373 | 159,026 | 23,438 | 255,448 | 288,399 | 42,505 | ||||||
| Operating income (expense) | |||||||||||||
| Sales and marketing expenses | (61,585) | (48,376) | (124,759) | (18,387) | (134,514) | (173,135) | (25,517) | ||||||
| General and administrative expenses | (39,816) | (36,809) | (32,417) | (4,778) | (75,603) | (69,226) | (10,203) | ||||||
| Research and development expenses | (27,611) | (27,022) | (27,046) | (3,986) | (60,360) | (54,068) | (7,969) | ||||||
| Other operating income, net | 1,318 | 5,004 | 3,900 | 575 | 3,133 | 8,904 | 1,312 | ||||||
| Total operating expenses | (127,694) | (107,203) | (180,322) | (26,576) | (267,344) | (287,525) | (42,377) | ||||||
| Income (loss) from operations | 14,246 | 22,170 | (21,296) | (3,138) | (11,896) | 874 | 128 | ||||||
| Other income (expenses), net | 9,463 | (3,476) | (4,597) | (678) | (49,091) | (8,073) | (1,190) | ||||||
| Interest income | 19,200 | 15,107 | 15,406 | 2,271 | 29,341 | 30,513 | 4,497 | ||||||
| Foreign exchange income | (17) | (587) | (1,125) | (166) | 241 | (1,712) | (252) | ||||||
| Income (loss) before income taxes and share of income (loss) in equity method investments | 42,892 | 33,214 | (11,612) | (1,711) | (31,405) | 21,602 | 3,183 | ||||||
| Income tax expense | (8,151) | (5,889) | (6,435) | (948) | (13,285) | (12,324) | (1,816) | ||||||
| Share of income (loss) in equity method investments | 3,088 | 79 | (54,303) | (8,003) | 2,907 | (54,224) | (7,992) | ||||||
| Net income (loss) | 37,829 | 27,404 | (72,350) | (10,662) | (41,783) | (44,946) | (6,625) | ||||||
| Net income (loss) attributable to ordinary shareholders of the Company | 37,829 | 27,404 | (72,350) | (10,662) | (41,783) | (44,946) | (6,625) | ||||||
| Net income (loss) per ordinary share | |||||||||||||
| Basic | 1.25 | 0.91 | (2.40) | (0.35) | (1.38) | (1.49) | (0.22) | ||||||
| Diluted | 1.25 | 0.91 | (2.40) | (0.35) | (1.38) | (1.49) | (0.22) | ||||||
| Net income (loss) per ADS(2) | |||||||||||||
| Basic | 1.25 | 0.91 | (2.40) | (0.35) | (1.38) | (1.49) | (0.22) | ||||||
| Diluted | 1.25 | 0.91 | (2.40) | (0.35) | (1.38) | (1.49) | (0.22) | ||||||
| Weighted average number of ordinary shares used in calculating net income (loss) per ordinary share | |||||||||||||
| Basic | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | ||||||
| Diluted | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | ||||||
| Weighted average number of ADS used in calculating net income (loss) per ADS(2) | |||||||||||||
| Basic | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | ||||||
| Diluted | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | ||||||
(1) Translations of certain RMB amounts into U.S. dollars at a specified rate are solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.7851 to US
(2) Every one ADS represents one ordinary share.
| RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS | ||||||||||||||
| (All amounts in thousands, except share, ADS, per share and per ADS data) | ||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||
| June 30, 2025 | March 31, 2026 | June 30, 2026 | June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2026 | ||||||||
| RMB | RMB | RMB | US$ (1) | RMB | RMB | US$ (1) | ||||||||
| Income (loss) from operations | 14,246 | 22,170 | (21,296) | (3,138) | (11,896) | 874 | 128 | |||||||
| Adjusted operating income (loss) (non-GAAP) | 14,246 | 22,170 | (21,296) | (3,138) | (11,896) | 874 | 128 | |||||||
| Net income (loss) | 37,829 | 27,404 | (72,350) | (10,662) | (41,783) | (44,946) | (6,625) | |||||||
| Add: | ||||||||||||||
| Share of income (loss) in equity method investments | (3,088) | (79) | 54,303 | 8,003 | (2,907) | 54,224 | 7,992 | |||||||
| Impairment losses and fair value adjustments on investments(2) | (9,463) | 3,476 | 4,597 | 678 | 49,091 | 8,073 | 1,190 | |||||||
| Adjusted net income (loss) (non-GAAP) | 25,278 | 30,801 | (13,450) | (1,981) | 4,401 | 17,351 | 2,557 | |||||||
| Net income (loss) attributable to DouYu | 37,829 | 27,404 | (72,350) | (10,662) | (41,783) | (44,946) | (6,625) | |||||||
| Add: | ||||||||||||||
| Share of income (loss) in equity method investments | (3,088) | (79) | 54,303 | 8,003 | (2,907) | 54,224 | 7,992 | |||||||
| Impairment losses and fair value adjustments on investments | (9,463) | 3,476 | 4,597 | 678 | 49,091 | 8,073 | 1,190 | |||||||
| Adjusted net income (loss) attributable to DouYu | 25,278 | 30,801 | (13,450) | (1,981) | 4,401 | 17,351 | 2,557 | |||||||
| Adjusted net income (loss) per ordinary share (non-GAAP) | ||||||||||||||
| Basic | 0.84 | 1.02 | (0.45) | (0.07) | 0.15 | 0.57 | 0.08 | |||||||
| Diluted | 0.84 | 1.02 | (0.45) | (0.07) | 0.15 | 0.57 | 0.08 | |||||||
| Adjusted net income (loss) per ADS(3) (non-GAAP) | ||||||||||||||
| Basic | 0.84 | 1.02 | (0.45) | (0.07) | 0.15 | 0.57 | 0.08 | |||||||
| Diluted | 0.84 | 1.02 | (0.45) | (0.07) | 0.15 | 0.57 | 0.08 | |||||||
| Weighted average number of ordinary shares used in calculating Adjusted net income (loss) per ordinary share | ||||||||||||||
| Basic | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | |||||||
| Diluted | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | |||||||
| Weighted average number of ADS used in calculating net income (loss) per ADS(3) | ||||||||||||||
| Basic | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | |||||||
| Diluted | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | 30,178,859 | |||||||
(1) Translations of certain RMB amounts into U.S. dollars at a specified rate are solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.7851 to US
(2) Impairment losses and fair value adjustments on investments were included in line item "Other income (expenses), net" of condensed consolidated statements of income (loss).
(3) Every one ADS represents one ordinary share.
