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VNET Group, Inc. vs GDS Holdings Ltd vs Kanzhun Ltd vs HUYA Inc.

Latest annual figures from SEC filings. Each company is shown for its own most recent fiscal year, so period ends can differ. Select a figure to see its full history.

Latest fiscal year	VNET Group, Inc. VNET	GDS Holdings Ltd GDS	Kanzhun Ltd BZ	HUYA Inc. HUYA
Year ended	2025-12-31	2025-12-31	2025-12-31	2025-12-31
Revenue	n/a	11.43B CNY	8.27B CNY	6.50B CNY
Revenue growth (YoY)	n/a	+10.8%	+12.4%	+7.0%
Gross margin	n/a	22.6%	85.1% (computed)	13.4%
Operating margin	n/a	-0.5%	29.8%	-2.5%
Net margin	n/a	8.3%	33.1%	-1.7%
Net income	-251.84M CNY	949.64M CNY	2.74B CNY	-112.59M CNY
EPS (Diluted)	-0.16 CNY	0.55 CNY	2.95 CNY	-0.49 CNY
Operating cash flow	1.92B CNY	3.37B CNY	4.55B CNY	-176.15M CNY
Free cash flow	-5.74B CNY	-1.33B CNY	4.43B CNY	-343.98M CNY
Cash & equivalents	5.52B CNY	14.31B CNY	4.10B CNY	692.66M CNY
Total assets	44.59B CNY	80.00B CNY	24.57B CNY	6.70B CNY
Total liabilities	36.03B CNY	52.26B CNY	4.49B CNY	1.78B CNY
Shareholders' equity	6.85B CNY	25.78B CNY	20.03B CNY	4.92B CNY
Return on year-end equity	-3.7%	3.7%	13.7%	-2.3%
Shares outstanding	n/a	n/a	n/a	n/a

n/a means the company did not report that line under the concept TickerFacts maps, not that it is zero.

Revenue, most recent five fiscal years

Fiscal year	VNET Group, Inc.	GDS Holdings Ltd	Kanzhun Ltd	HUYA Inc.
Latest	3.79B CNY Ended 2019-12-31	11.43B CNY Ended 2025-12-31	8.27B CNY Ended 2025-12-31	6.50B CNY Ended 2025-12-31
1 year earlier	3.40B CNY Ended 2018-12-31	10.32B CNY Ended 2024-12-31	7.36B CNY Ended 2024-12-31	6.08B CNY Ended 2024-12-31
2 years earlier	3.39B CNY Ended 2017-12-31	9.78B CNY Ended 2023-12-31	5.95B CNY Ended 2023-12-31	6.99B CNY Ended 2023-12-31
3 years earlier	3.64B CNY Ended 2016-12-31	9.27B CNY Ended 2022-12-31	4.51B CNY Ended 2022-12-31	9.26B CNY Ended 2022-12-31
4 years earlier	3.63B CNY Ended 2015-12-31	7.82B CNY Ended 2021-12-31	4.26B CNY Ended 2021-12-31	11.35B CNY Ended 2021-12-31