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BEIJING, Dec. 10, 2025 /PRNewswire/ — Hi Team Inc. (NASDAQ: MOMO) (“Hello Group” or the “Company”), a eminent participant in Asia’s on-line social networking territory, lately introduced its unaudited monetary effects for the 1/3 quarter of 2025.
3rd Quarter of 2025 Highlights
- Web revenues lowered by means of 0.9% past over past to RMB2,650.1 million (US$372.3 million*) within the 1/3 quarter of 2025.
- Web revenues from in a foreign country larger by means of 69.0% past over past to RMB534.8 million (US$75.1 million) within the 1/3 quarter of 2025.
- Web source of revenue as a result of Hi Team Inc. used to be RMB348.9 million (US$49.0 million) within the 1/3 quarter of 2025, in comparison to RMB449.4 million in the similar length of 2024.
- Non-GAAP web source of revenue as a result of Hi Team Inc. (word 1) used to be RMB404.5 million (US$56.8 million) within the 1/3 quarter of 2025, in comparison to RMB493.3 million in the similar length of 2024.
- Diluted web source of revenue in keeping with American Depositary Percentage (“ADS”) used to be RMB2.06 (US$0.29) within the 1/3 quarter of 2025, in comparison to RMB2.46 in the similar length of 2024.
- Non-GAAP diluted web source of revenue in keeping with ADS (word 1) used to be RMB2.38 (US$0.33) within the 1/3 quarter of 2025, in comparison to RMB2.70 in the similar length of 2024.
- For the Momo app overall paying customers used to be 3.7 million for the 1/3 quarter of 2025, in comparison to 6.9 million for a similar length terminating past, and three.5 million from terminating quarter. Tantan** had 0.7 million paying customers for the 1/3 quarter of 2025 in comparison to 0.9 million from the past in the past length and nil.7 million from terminating quarter.
First 9 Months of 2025 Highlights
- Web revenues lowered by means of 1.7% past over past to RMB7,791.3 million (US$1,094.4 million) for the primary 9 months of 2025.
- Web revenues from in a foreign country larger by means of 71.0% past over past to RMB1,391.8 million (US$195.5 million) for the primary 9 months of 2025.
- Web source of revenue as a result of Hi Team Inc. used to be RMB566.7 million (US$79.6 million) for the primary 9 months of 2025, in comparison to RMB852.3 million right through the similar length of 2024.
- Non-GAAP web source of revenue as a result of Hi Team Inc. (word 1) used to be RMB712.2 million (US$100.0 million) for the primary 9 months of 2025, in comparison to RMB1,002.4 million right through the similar length of 2024.
- Diluted web source of revenue in keeping with ADS used to be RMB3.32 (US$0.47) for the primary 9 months of 2025, in comparison to RMB4.51 right through the similar length of 2024.
- Non-GAAP diluted web source of revenue in keeping with ADS (word 1) used to be RMB4.17 (US$0.59) for the primary 9 months of 2025, in comparison to RMB5.31 right through the similar length of 2024.
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* This press loose incorporates translations of sure Renminbi quantities into U.S. greenbacks at specified charge only for the ease of readers. Except another way famous, all translations from Renminbi to U.S. greenbacks, on this press loose, had been made at a charge of RMB7.119 to US$1.00, the efficient midday purchasing charge for September 30, 2025 as all set forth within the H.10 statistical loose of the Federal Conserve Board. |
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** In order with our strategic center of attention on go back on funding in person acquisition and bearing in mind Tantan’s decreased materiality to the Team’s income, we can discontinue the tracking of Tantan’s MAUs. We imagine that the choice of Tantan’s paying customers constitute a extra significant metric that higher aligns with our modern technique and general efficiency. |
“Q3 was a busy quarter. I am pleased to see that our team responded swiftly to external challenges and delivered good results in both user and financial metrics.” commented Yan Tang, Chairman and CEO of Hi Team. ” As one of the earliest mobile social platforms in China, Momo has maintained strong brand relevance and user stickiness over the years. Continuous product innovation and algorithm enhancements have driven steady improvement in key user metrics, laying a solid foundation for the sustained performance of our cash cow business. On the overseas front, revenue continued to grow robustly, driven by the rapid expansion of multiple social entertainment and dating brands in our portfolio. We expect the overseas business to become an increasingly important contributor to the Group’s future revenue growth.”
3rd Quarter of 2025 Monetary Effects
Web revenues
General web revenues had been RMB2,650.1 million (US$372.3 million) within the 1/3 quarter of 2025, a shorten of 0.9% from RMB2,674.7 million within the 1/3 quarter of 2024.
Worth-added provider revenues basically come with digital present revenues from numerous audio, video and text- founded situations, and club subscription revenues. General value-added provider revenues had been RMB2,611.4 million (US$366.8 million) within the 1/3 quarter of 2025, a shorten of one.2% from RMB2,642.7 million right through the similar length of 2024. The shorten used to be essentially because of exterior elements that influenced the operational center of attention of sure broadcasters and companies in addition to the susceptible shopper sentiment on Momo app, and to a lesser extent, the abatement in Tantan’s paying as a result of a abatement in person bottom. The shorten used to be in large part offset by means of the income enlargement from our in a foreign country apps, pushed by means of the fast growth from more than one social leisure and courting manufacturers throughout our affluent prosperous portfolio.
Alternative services and products revenues had been RMB38.8 million (US$5.4 million) within the 1/3 quarter of 2025, in comparison to RMB32.0 million right through the similar length of 2024.
Web revenues from Chinese language mainland lowered from RMB2,358.3 million within the 1/3 quarter of 2024 to RMB2,115.4 million (US$297.1 million) within the 1/3 quarter of 2025, essentially because of the shorten in web revenues from Momo app and Tantan app. Web revenues from in a foreign country larger from RMB316.4 million within the 1/3 quarter of 2024 to RMB534.8 million (US$75.1 million) within the 1/3 quarter of 2025, pushed by means of the expansion of audio- and video-based merchandise within the MENA area, essentially by means of the pristine apps, in conjunction with incremental income from alternative rising manufacturers.
Price and bills
Price and bills had been RMB2,309.4 million (US$324.4 million) within the 1/3 quarter of 2025, an build up of one.0% from RMB2,286.2 million within the 1/3 quarter of 2024. The rise used to be essentially as a result of: (a) an build up in income sharing with digital present recipients for in a foreign country apps, in part offset by means of a shorten in income sharing with broadcasters on Momo apps; (b) an build up in fee charges paid to cost channels for in a foreign country apps; and (c) an build up in amortization of intangible property from industry acquisitions.
Non-GAAP value and bills (word 1) had been RMB2,250.0 million (US$316.1 million) within the 1/3 quarter of 2025, in comparison to RMB2,242.2 million right through the similar length of 2024.
Source of revenue from operations
Source of revenue from operations used to be RMB344.5 million (US$48.4 million) within the 1/3 quarter of 2025, in comparison to RMB410.7 million right through the similar length of 2024.
Non-GAAP source of revenue from operations (word 1) used to be RMB404.0 million (US$56.7 million) within the 1/3 quarter of 2025, in comparison to RMB454.7 million right through the similar length of 2024.
Source of revenue tax bills
Source of revenue tax bills had been RMB65.1 million (US$9.1 million) within the 1/3 quarter of 2025, in comparison to RMB95.3 million within the 1/3 quarter of 2024. The shorten in source of revenue tax bills used to be essentially because of the decrease benefit within the 1/3 quarter of 2025.
Web source of revenue
Web source of revenue used to be RMB349.6 million (US$49.1 million) within the 1/3 quarter of 2025, in comparison to RMB449.4 million right through the similar length of 2024.
Non-GAAP web source of revenue (word 1) used to be RMB405.2 million (US$56.9 million) within the 1/3 quarter of 2025, in comparison to RMB493.3 million right through the similar length of 2024.
Web source of revenue as a result of Hi Team Inc.
Web source of revenue as a result of Hi Team Inc. used to be RMB348.9 million (US$49.0 million) within the 1/3 quarter of 2025, in comparison to RMB449.4 million right through the similar length of 2024.
Non-GAAP web source of revenue (word 1) as a result of Hi Team Inc. used to be RMB404.5 million (US$56.8 million) within the 1/3 quarter of 2025, in comparison to RMB493.3 million right through the similar length of 2024.
Web source of revenue in keeping with ADS
Diluted web source of revenue in keeping with ADS used to be RMB2.06 (US$0.29) within the 1/3 quarter of 2025, in comparison to RMB2.46 within the 1/3 quarter of 2024.
Non-GAAP diluted web source of revenue in keeping with ADS (word 1) used to be RMB2.38 (US$0.33) within the 1/3 quarter of 2025, in comparison to RMB2.70 within the 1/3 quarter of 2024.
Money and money tide
As of September 30, 2025, the Corporate’s money, money equivalents, non permanent deposits, long-term deposits, non permanent investments, non permanent limited money and long-term limited money totaled RMB8,861.9 million (US$1,244.8 million), in comparison to RMB14,728.5 million as of December 31, 2024.
Web money equipped by means of working actions within the 1/3 quarter of 2025 used to be RMB143.5 million (US$20.2 million), in comparison to RMB341.0 million within the 1/3 quarter of 2024.
First 9 Months of 2025 Monetary Effects
Web revenues for the primary 9 months of 2025 had been RMB7,791.3 million (US$1,094.4 million), a shorten of one.7% from RMB7,926.5 million in the similar length of 2024.
Web source of revenue as a result of Hi Team Inc. used to be RMB566.7 million (US$79.6 million) for the primary 9 months of 2025, in comparison to RMB852.3 million right through the similar length of 2024.
Non-GAAP web source of revenue as a result of Hi Team Inc. (word 1) used to be RMB712.2 million (US$100.0 million) for the primary 9 months of 2025, in comparison to RMB1,002.4 million right through the similar length of 2024.
Diluted web source of revenue in keeping with ADS used to be RMB3.32 (US$0.47) right through the primary 9 months of 2025, in comparison to RMB4.51 in the similar length of 2024.
Non-GAAP diluted web source of revenue in keeping with ADS (word 1) used to be RMB4.17 (US$0.59) right through the primary 9 months of 2025, in comparison to RMB5.31 in the similar length of 2024.
Web money equipped by means of working actions used to be RMB633.4 million (US$89.0 million) right through the primary 9 months of 2025, in comparison to RMB1,216.4 million in the similar length of 2024.
Contemporary Building
Percentage repurchase program
As of December 10, 2025, the Corporate has repurchased 54.7 million ADSs for US$341.6 million at the viewable marketplace beneath the Percentage Repurchase Program introduced on June 7, 2022 and amended on March 14, 2024 and March 12, 2025, at a mean acquire value of US$6.23 in keeping with ADS. The residue measurement of this system is US$144.5 million.
Trade Outlook
For the fourth quarter of 2025, the Corporate expects overall web revenues to be between RMB2.52 billion to RMB2.62 billion, representing a shorten of four.4% to 0.6% past over past. This forecast displays the Corporate’s modern and initial perspectives in the marketplace and operational situations, which can be topic to switch.
Be aware 1: Non-GAAP measures
To complement our consolidated monetary statements introduced in response to U.S. most often permitted accounting rules (“GAAP”), we, Hi Team, importance numerous non-GAAP monetary measures which are adjusted from essentially the most similar GAAP effects to exclude share-based repayment, amortization of intangible property from industry acquisitions and tax affects alike to the amortization of intangible property from industry acquisitions.
Reconciliations of our non-GAAP monetary measures to our U.S. GAAP monetary measures are proven in tables on the finish of this profits loose, which handover extra information about the non-GAAP monetary measures.
Our non-GAAP monetary knowledge is equipped as backup knowledge to assistance buyers examine industry tendencies amongst other reporting sessions on a constant foundation and to reinforce buyers’ general working out of the ancient and modern monetary efficiency of our proceeding operations and our potentialities for the era. Our non-GAAP monetary knowledge must be regarded as along with effects ready in response to GAAP, however must now not be regarded as an alternative to or admirable to the GAAP effects. As well as, our calculation of the non-GAAP monetary measures is also other from the calculation impaired by means of alternative firms, and due to this fact comparison is also restricted.
Our non-GAAP knowledge (together with non-GAAP value and working bills, source of revenue from operations, web source of revenue, web source of revenue as a result of Hi Team Inc., and diluted web source of revenue in keeping with ADS) is adjusted from essentially the most similar GAAP effects to exclude share-based repayment, amortization of intangible property from industry acquisitions, and tax affects alike to the amortization of intangible property from industry acquisitions. A limitation of the usage of those non-GAAP monetary measures is that share-based repayment, amortization of intangible property from industry acquisitions and tax affects alike to the amortization of intangible property from industry acquisitions had been and can proceed to be for the foreseeable era vital ordinary bills in our result of operations. We make amends for such limitation by means of offering reconciliations of our non-GAAP measures to our U.S. GAAP measures. The following the reconciliation tables on the finish of this profits loose.
Convention Name
Hi Team’s control will host an profits convention name on Wednesday, December 10, 2025, at 7:00 a.m. U.S. Japanese Date (8:00 p.m. Beijing / Hong Kong Date on December 10, 2025).
Individuals can sign up for the convention name by means of navigating to:
https://s1.c-conf.com/diamondpass/10051507-10xa67.html.
Upon registration, each and every player will obtain main points for the convention name, together with dial-in numbers, convention name passcode and a novel get entry to PIN. Please dial in 10 mins ahead of the decision is scheduled to start.
A phone replay of the decision can be to be had later the belief of the convention name thru December 17, 2025. The dial-in main points for the replay are as follows:
U.S. / Canada: 1-855-883-1031
Hong Kong: 800-930-639
Passcode: 10051507
Moreover, a are living and archived webcast of the convention name can be to be had at the Investor Members of the family category of Hi Team’s website online at https://ir.hellogroup.com.
About Hi Team Inc.
We’re a eminent participant in Asia’s on-line social networking territory. Via Momo, Tantan and alternative homes inside our product portfolio, we permit customers to find pristine relationships, enlarge their social connections and assemble significant interactions. Momo is a cell software that connects crowd and facilitates social interactions in line with location, pursuits and numerous on-line leisure actions. Tantan, which used to be added into our population of programs thru acquisition in Would possibly 2018, is a eminent social and courting software. Tantan is designed to assistance its customers to find and determine romantic connections in addition to meet attention-grabbing crowd. Foundation from 2019, we have now incubated numerous alternative pristine apps, similar to Hertz, Soulchill, and Duidui, which goal extra area of interest markets and extra selective demographics.
For investor and media inquiries, please touch:
Hi Team Inc.
Investor Members of the family
Telephone: +852-3157-1669
E mail: [email protected]
Christensen
In China
Ms. Xiaoyan Su
Telephone: +86-10-5900-1548
Electronic mail: [email protected]
In U.S.
Ms. Linda Bergkamp
Telephone: +1-480-614-3004
E mail: [email protected]
Preserve Harbor Observation
This information loose incorporates “forward-looking” statements inside the that means of Division 27A of the Securities Operate of 1933, as amended, and Division 21E of the Securities Trade Operate of 1934, as amended, and as outlined within the Personal Securities Litigation Reform Operate of 1995. Those forward-looking statements come with however aren’t restricted to our control quotes, our monetary outlook for the fourth quarter of 2025, in addition to the quantity of, timing, forms and investment assets for repurchases of our stocks beneath the percentage repurchase program.
Our forward-looking statements aren’t ancient info however in lieu constitute simplest our trust referring to anticipated effects and occasions, lots of which, by means of their nature, are inherently unsure and out of doors of our regulate. Our fresh effects and alternative instances might range, perhaps materially, from the expected effects and occasions indicated in those forward-looking statements. Introduced effects for the 1/3 quarter of 2025 are initial, unaudited and topic to audit adjustment. As well as, we would possibly not meet our monetary outlook for the fourth quarter of 2025 and is also not able to develop our industry within the approach deliberate. We might also adjust our technique for enlargement. Additionally, there are alternative dangers and uncertainties that might purpose our fresh effects to range from what we lately wait for, together with the ones with regards to our skill to conserve and develop our person bottom, our skill to draw and conserve sufficiently skilled execs to assistance our operations, our skill to wait for and create pristine services and products and reinforce current services and products to satisfy the call for of our customers or shoppers, the marketplace value of the Corporate’s accumulation popular from pace to pace, the character of alternative funding alternatives introduced to the Corporate from pace to pace, the Corporate’s money flows from operations, normal financial situations, and alternative elements. For backup knowledge on those and alternative notable elements that might adversely impact our industry, monetary situation, result of operations, and potentialities, the following our filings with the U.S. Securities and Trade Fee.
All knowledge equipped on this press loose and within the attachments is as of the life of the clicking loose. We adopt deny legal responsibility to replace any forward-looking observation, whether or not on account of pristine knowledge, era occasions or another way, later the life of this loose, aside from as required by means of regulation. Such knowledge speaks simplest as of the life of this loose.
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Hi Team Inc. |
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Unaudited Condensed Consolidated Observation of Operations |
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(All quantities in hundreds, aside from percentage and in keeping with percentage knowledge) |
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3 months |
First 9 months |
|||||||||||
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Ended September 30 |
Ended September 30 |
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|
2024 |
2025 |
2025 |
2024 |
2025 |
2025 |
|||||||
|
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
|||||||
|
Web revenues(i): |
||||||||||||
|
Worth-added provider |
2,642,712 |
2,611,356 |
366,815 |
7,823,965 |
7,680,550 |
1,078,880 |
||||||
|
Alternative services and products |
31,952 |
38,768 |
5,446 |
102,510 |
110,777 |
15,561 |
||||||
|
General web revenues |
2,674,664 |
2,650,124 |
372,261 |
7,926,475 |
7,791,327 |
1,094,441 |
||||||
|
Price and bills: |
||||||||||||
|
Price of revenues |
(1,623,723) |
(1,658,331) |
(232,944) |
(4,722,520) |
(4,835,117) |
(679,185) |
||||||
|
Analysis and construction |
(196,382) |
(183,263) |
(25,743) |
(581,741) |
(562,891) |
(79,069) |
||||||
|
Gross sales and advertising and marketing |
(354,881) |
(343,854) |
(48,301) |
(1,013,081) |
(1,020,359) |
(143,329) |
||||||
|
Normal and administrative |
(111,174) |
(123,992) |
(17,417) |
(364,037) |
(353,342) |
(49,634) |
||||||
|
General value and bills |
(2,286,160) |
(2,309,440) |
(324,405) |
(6,681,379) |
(6,771,709) |
(951,217) |
||||||
|
Alternative working source of revenue, web |
22,221 |
3,842 |
540 |
50,988 |
27,889 |
3,918 |
||||||
|
Source of revenue from operations |
410,725 |
344,526 |
48,396 |
1,296,084 |
1,047,507 |
147,142 |
||||||
|
Passion source of revenue |
134,875 |
90,309 |
12,686 |
386,919 |
316,160 |
44,411 |
||||||
|
Passion expense |
(34,809) |
(18,333) |
(2,575) |
(91,000) |
(72,409) |
(10,171) |
||||||
|
Alternative achieve or loss, web |
– |
1,820 |
256 |
(43,870) |
1,780 |
250 |
||||||
|
Source of revenue ahead of source of revenue tax and percentage of source of revenue (loss) on fairness mode |
510,791 |
418,322 |
58,763 |
1,548,133 |
1,293,038 |
181,632 |
||||||
|
Source of revenue tax bills |
(95,298) |
(65,130) |
(9,149) |
(755,525) |
(773,926) |
(108,713) |
||||||
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Source of revenue ahead of percentage of source of revenue (loss) on fairness mode investments |
415,493 |
353,192 |
49,614 |
792,608 |
519,112 |
72,919 |
||||||
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Percentage of source of revenue (loss) on fairness mode investments |
33,876 |
(3,579) |
(503) |
59,730 |
49,579 |
6,964 |
||||||
|
Web source of revenue |
449,369 |
349,613 |
49,111 |
852,338 |
568,691 |
79,883 |
||||||
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Much less: web source of revenue as a result of non-controlling pastime |
– |
725 |
102 |
– |
2,013 |
283 |
||||||
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Web source of revenue as a result of the shareholders of Hi Team Inc. |
449,369 |
348,888 |
49,009 |
852,338 |
566,678 |
79,600 |
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Web source of revenue in keeping with percentage as a result of usual shareholders |
||||||||||||
|
Ordinary |
1.29 |
1.05 |
0.15 |
2.36 |
1.69 |
0.24 |
||||||
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Diluted |
1.23 |
1.03 |
0.14 |
2.26 |
1.66 |
0.23 |
||||||
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Weighted moderate stocks impaired in calculating web source of revenue in keeping with usual percentage |
||||||||||||
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Ordinary |
347,943,851 |
332,480,464 |
332,480,464 |
361,613,017 |
334,932,043 |
334,932,043 |
||||||
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Diluted |
365,942,405 |
339,420,383 |
339,420,383 |
377,697,017 |
341,305,373 |
341,305,373 |
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(i) Please see desk items revenues by means of geographic branch in line with the addresses of our shoppers of our customers: |
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3 months |
First 9 months |
|||||||||||
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Ended September 30 |
Ended September 30 |
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|
2024 |
2025 |
2025 |
2024 |
2025 |
2025 |
|||||||
|
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
|||||||
|
Chinese language mainland |
2,358,283 |
2,115,350 |
297,141 |
7,112,639 |
6,399,512 |
898,934 |
||||||
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In another country |
316,381 |
534,774 |
75,120 |
813,836 |
1,391,815 |
195,507 |
||||||
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General |
2,674,664 |
2,650,124 |
372,261 |
7,926,475 |
7,791,327 |
1,094,441 |
||||||
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Hi Team Inc. |
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Unaudited Condensed Consolidated Observation of Complete Source of revenue |
||||||||||||
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(All quantities in hundreds, aside from percentage and in keeping with percentage knowledge) |
||||||||||||
|
3 months |
First 9 months |
|||||||||||
|
Ended September 30 |
Ended September 30 |
|||||||||||
|
2024 |
2025 |
2025 |
2024 |
2025 |
2025 |
|||||||
|
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
|||||||
|
Web source of revenue |
449,369 |
349,613 |
49,111 |
852,338 |
568,691 |
79,883 |
||||||
|
Alternative complete loss, web of tax: |
||||||||||||
|
Foreign exchange translation adjustment |
(287,150) |
(39,713) |
(5,578) |
(190,687) |
(156,527) |
(21,987) |
||||||
|
Complete source of revenue |
162,219 |
309,900 |
43,533 |
661,651 |
412,164 |
57,896 |
||||||
|
Much less: complete loss attributed to the non-controlling pastime |
(6,400) |
(1,297) |
(182) |
(2,114) |
(2,816) |
(396) |
||||||
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Complete source of revenue as a result of Hi Team Inc. |
168,619 |
311,197 |
43,715 |
663,765 |
414,980 |
58,292 |
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Hi Team Inc. |
|||||
|
Unaudited Condensed Consolidated Steadiness Sheets |
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|
(All quantities in hundreds, aside from percentage and in keeping with percentage knowledge) |
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|
December 31 |
September 30 |
September 30 |
|||
|
2024 |
2025 |
2025 |
|||
|
RMB |
RMB |
US$ |
|||
|
Property |
|||||
|
Wave property |
|||||
|
Money and money equivalents |
4,122,659 |
4,192,578 |
588,928 |
||
|
Cut-term deposits |
2,026,245 |
4,525,808 |
635,736 |
||
|
Limited money |
4,566,477 |
123,900 |
17,404 |
||
|
Cut-term funding |
– |
19,572 |
2,749 |
||
|
Accounts receivable, web of allowance for credit score losses of RMB12,433 |
192,317 |
248,915 |
34,965 |
||
|
Pay as you go bills and alternative modern property |
1,104,172 |
824,153 |
115,768 |
||
|
General modern property |
12,011,870 |
9,934,926 |
1,395,550 |
||
|
Lengthy-term deposits |
3,059,860 |
– |
– |
||
|
Lengthy-term limited money |
953,285 |
– |
– |
||
|
Proper-of-use property, web |
252,169 |
148,998 |
20,930 |
||
|
Detail and kit, web |
897,036 |
1,014,094 |
142,449 |
||
|
Intangible property, web |
86,661 |
265,507 |
37,296 |
||
|
Condo deposits |
13,280 |
3,839 |
539 |
||
|
Lengthy-term investments |
825,533 |
1,551,807 |
217,981 |
||
|
Alternative non-current property |
110,960 |
172,710 |
24,260 |
||
|
Deferred tax property |
36,066 |
33,805 |
4,749 |
||
|
Approbation |
136,250 |
615,300 |
86,431 |
||
|
General property |
18,382,970 |
13,740,986 |
1,930,185 |
||
|
Liabilities and fairness |
|||||
|
Wave liabilities |
|||||
|
Accounts payable |
615,254 |
552,338 |
77,586 |
||
|
Deferred income |
427,702 |
473,129 |
66,460 |
||
|
Collected bills and alternative modern liabilities |
704,410 |
692,217 |
97,235 |
||
|
Hire liabilities due inside one past |
141,971 |
92,929 |
13,054 |
||
|
Source of revenue tax payable |
157,057 |
19,548 |
2,746 |
||
|
Deferred attention in reference to industry acquisitions-current |
28,027 |
76,093 |
10,689 |
||
|
Convertible Senior Notes-current |
20,191 |
– |
– |
||
|
Lengthy-term borrowings, modern portion |
1,938,385 |
2,610 |
367 |
||
|
Cut-term borrowings |
2,365,535 |
– |
– |
||
|
General modern liabilities |
6,398,532 |
1,908,864 |
268,137 |
||
|
Deferred attention in reference to industry acquisitions-non |
65,694 |
– |
– |
||
|
Hire liabilities |
115,105 |
60,859 |
8,549 |
||
|
Deferred tax liabilities |
241,915 |
513,495 |
72,130 |
||
|
Lengthy-term borrowings |
– |
3,508 |
493 |
||
|
Alternative non-current liabilities |
129,051 |
47,543 |
6,678 |
||
|
General liabilities |
6,950,297 |
2,534,269 |
355,987 |
||
|
Shareholder’s fairness (ii) |
11,432,673 |
11,206,717 |
1,574,198 |
||
|
General liabilities and shareholder’s fairness |
18,382,970 |
13,740,986 |
1,930,185 |
||
|
(ii): As of September 30, 2025, the choice of usual stocks exceptional used to be 314,131,458. |
|||||
|
Hi Team Inc. |
||||||||||||
|
Unaudited Condensed Consolidated Observation of Money Flows |
||||||||||||
|
(All quantities in hundreds, aside from percentage and in keeping with percentage knowledge) |
||||||||||||
|
3 months |
First 9 months |
|||||||||||
|
Ended September 30 |
Ended September 30 |
|||||||||||
|
2024 |
2025 |
2025 |
2024 |
2025 |
2025 |
|||||||
|
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
|||||||
|
Money flows from working actions: |
||||||||||||
|
Web source of revenue |
449,369 |
349,613 |
49,111 |
852,338 |
568,691 |
79,883 |
||||||
|
Changes to reconcile web source of revenue to web money equipped by means of working |
||||||||||||
|
Depreciation of feature and kit |
13,144 |
9,857 |
1,385 |
40,979 |
33,477 |
4,702 |
||||||
|
Amortization of intangible property |
1,279 |
10,076 |
1,415 |
3,837 |
23,922 |
3,360 |
||||||
|
Percentage-based repayment |
43,951 |
50,650 |
7,115 |
150,079 |
129,311 |
18,165 |
||||||
|
Percentage of (source of revenue) loss on fairness mode investments |
(33,876) |
3,579 |
503 |
(59,730) |
(49,579) |
(6,964) |
||||||
|
Achieve or loss on truthful cost adjustments of non permanent investments |
– |
(1,820) |
(256) |
– |
(1,820) |
(256) |
||||||
|
Returns on investments |
– |
– |
– |
1,197 |
797 |
112 |
||||||
|
Loss on long-term investments |
– |
– |
– |
43,870 |
40 |
6 |
||||||
|
Achieve or loss on disposal of feature and kit |
(142) |
(91) |
(13) |
(62) |
(339) |
(48) |
||||||
|
Provision of loss on receivable and alternative property |
1,754 |
168 |
24 |
3,675 |
5,885 |
827 |
||||||
|
Adjustments in working property and liabilities: |
||||||||||||
|
Accounts receivable |
(3,876) |
13,340 |
1,874 |
11,952 |
(23,651) |
(3,322) |
||||||
|
Pay as you go bills and alternative modern property |
(97,212) |
189,050 |
26,556 |
(91,846) |
67,409 |
9,469 |
||||||
|
Condo deposits |
493 |
3,256 |
457 |
(309) |
11,162 |
1,568 |
||||||
|
Deferred tax property |
(117) |
1,340 |
188 |
(4,195) |
2,261 |
318 |
||||||
|
Alternative non-current property |
22,945 |
32,021 |
4,498 |
(183,398) |
113,693 |
15,970 |
||||||
|
Accounts payable |
16,036 |
(61,473) |
(8,635) |
(15,710) |
(70,969) |
(9,969) |
||||||
|
Source of revenue tax payable |
35,209 |
(400,264) |
(56,225) |
(1,288) |
(137,941) |
(19,376) |
||||||
|
Deferred income |
(838) |
9,298 |
1,306 |
568 |
21,017 |
2,952 |
||||||
|
Collected bills and alternative modern liabilities |
(3,390) |
(60,925) |
(8,558) |
61,357 |
(202,711) |
(28,475) |
||||||
|
Deferred tax liabilities |
(85,088) |
20,333 |
2,856 |
294,333 |
214,229 |
30,093 |
||||||
|
Alternative non-current liabilities |
(18,688) |
(24,461) |
(3,436) |
108,705 |
(71,487) |
(10,042) |
||||||
|
Web money equipped by means of working actions |
340,953 |
143,547 |
20,165 |
1,216,352 |
633,397 |
88,973 |
||||||
|
Money flows from making an investment actions: |
||||||||||||
|
Acquire of feature and kit |
(19,796) |
(118,363) |
(16,626) |
(263,814) |
(172,339) |
(24,208) |
||||||
|
Cost for long-term investments |
(28,000) |
(369,697) |
(51,931) |
(33,250) |
(442,290) |
(62,128) |
||||||
|
Cost for industry acquisition |
– |
(412,378) |
(57,926) |
– |
(606,768) |
(85,232) |
||||||
|
Acquire of non permanent deposits |
(2,133,086) |
(2,545,730) |
(357,597) |
(2,133,086) |
(2,545,730) |
(357,597) |
||||||
|
Money won on adulthood of non permanent deposits |
– |
353,022 |
49,589 |
1,081,016 |
1,460,267 |
205,122 |
||||||
|
Cost for non permanent investments |
– |
(18,014) |
(2,530) |
– |
(18,014) |
(2,530) |
||||||
|
Acquire of long-term deposits |
– |
– |
– |
(718,860) |
– |
– |
||||||
|
Money won on adulthood of long-term deposits |
– |
1,483,045 |
208,322 |
718,860 |
1,633,045 |
229,392 |
||||||
|
Money won from gross sales of long-term funding |
– |
– |
– |
2,000 |
– |
– |
||||||
|
Returns of investments |
– |
1,145 |
161 |
– |
1,145 |
161 |
||||||
|
Mortgage to a third-party corporate |
(96,680) |
(10,458) |
(1,469) |
(96,680) |
(44,214) |
(6,211) |
||||||
|
Alternative making an investment actions |
212 |
161 |
23 |
895 |
655 |
92 |
||||||
|
Web money impaired in making an investment actions |
(2,277,350) |
(1,637,267) |
(229,984) |
(1,442,919) |
(734,243) |
(103,139) |
||||||
|
Money flows from financing actions: |
||||||||||||
|
Proceeds from workout of percentage choices |
4 |
1 |
– |
17 |
5 |
1 |
||||||
|
Repurchase of usual stocks |
(265,441) |
(147,160) |
(20,671) |
(772,263) |
(445,885) |
(62,633) |
||||||
|
Deferred cost for industry acquisition |
– |
(17,132) |
(2,407) |
– |
(17,132) |
(2,407) |
||||||
|
Dividends cost |
– |
– |
– |
(716,302) |
(346,182) |
(48,628) |
||||||
|
Cost with regards to redemption of convertible bonds |
– |
– |
– |
– |
(20,221) |
(2,840) |
||||||
|
Proceeds from non permanent borrowings |
1,033,900 |
– |
– |
2,365,535 |
– |
– |
||||||
|
Compensation of non permanent borrowings |
– |
(675,000) |
(94,817) |
– |
(2,365,535) |
(332,285) |
||||||
|
Compensation of long-term borrowings |
(215,400) |
(1,938,862) |
(272,350) |
(215,615) |
(1,939,536) |
(272,445) |
||||||
|
Web money equipped by means of (impaired in) financing actions |
553,063 |
(2,778,153) |
(390,245) |
661,372 |
(5,134,486) |
(721,237) |
||||||
|
Impact of trade charge adjustments |
(178,773) |
(11,306) |
(1,591) |
(130,234) |
(90,611) |
(12,728) |
||||||
|
Web (shorten) build up in money and money equivalents |
(1,562,107) |
(4,283,179) |
(601,655) |
304,571 |
(5,325,943) |
(748,131) |
||||||
|
Money, money equivalents and limited money initially of length |
10,149,590 |
8,599,657 |
1,207,987 |
8,282,912 |
9,642,421 |
1,354,463 |
||||||
|
Money, money equivalents and limited money on the finish of length |
8,587,483 |
4,316,478 |
606,332 |
8,587,483 |
4,316,478 |
606,332 |
||||||
|
Hi Team Inc. |
|||||||||||||||
|
Reconciliation of Non-GAAP monetary measures to similar GAAP measures |
|||||||||||||||
|
(All quantities in hundreds, aside from in keeping with percentage knowledge) |
|||||||||||||||
|
1. |
Reconciliation of Non-GAAP value and working bills, source of revenue from operations, and web source of revenue (loss) to similar GAAP measures. |
||||||||||||||
|
3 months |
3 months |
3 months |
|||||||||||||
|
Ended September 30, 2024 |
Ended September 30, 2025 |
Ended September 30, 2025 |
|||||||||||||
|
GAAP |
Percentage-based |
Non-GAAP |
GAAP |
Amortization of |
Percentage-based |
Tax |
Non-GAAP |
GAAP |
Amortization of |
Percentage-based |
Tax |
Non-GAAP |
|||
|
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
US$ |
US$ |
US$ |
US$ |
|||
|
Price of revenues |
(1,623,723) |
2,143 |
(1,621,580) |
(1,658,331) |
3,480 |
2,320 |
– |
(1,652,531) |
(232,944) |
489 |
326 |
– |
(232,129) |
||
|
Analysis and construction |
(196,382) |
11,030 |
(185,352) |
(183,263) |
1,335 |
11,302 |
– |
(170,626) |
(25,743) |
188 |
1,588 |
– |
(23,967) |
||
|
Gross sales and advertising and marketing |
(354,881) |
4,774 |
(350,107) |
(343,854) |
3,982 |
3,986 |
– |
(335,886) |
(48,301) |
559 |
560 |
– |
(47,182) |
||
|
Normal and administrative |
(111,174) |
26,004 |
(85,170) |
(123,992) |
– |
33,042 |
– |
(90,950) |
(17,417) |
– |
4,641 |
– |
(12,776) |
||
|
Price and working bills |
(2,286,160) |
43,951 |
(2,242,209) |
(2,309,440) |
8,797 |
50,650 |
– |
(2,249,993) |
(324,405) |
1,236 |
7,115 |
– |
(316,054) |
||
|
Source of revenue from operations |
410,725 |
43,951 |
454,676 |
344,526 |
8,797 |
50,650 |
– |
403,973 |
48,396 |
1,236 |
7,115 |
– |
56,747 |
||
|
Web source of revenue as a result of Hi Team Inc. |
449,369 |
43,951 |
493,320 |
348,888 |
8,797 |
50,650 |
(3,842) |
404,493 |
49,009 |
1,236 |
7,115 |
(540) |
56,820 |
||
|
Hi Team Inc. |
|||||||||||||||
|
Reconciliation of Non-GAAP monetary measures to similar GAAP measures |
|||||||||||||||
|
(All quantities in hundreds, aside from in keeping with percentage knowledge) |
|||||||||||||||
|
1. |
Reconciliation of Non-GAAP value and working bills, source of revenue from operations, and web source of revenue (loss) to similar GAAP measures-continued. |
||||||||||||||
|
First 9 months |
First 9 months |
First 9 months |
|||||||||||||
|
Ended September 30, 2024 |
Ended September 30, 2025 |
Ended September 30, 2025 |
|||||||||||||
|
GAAP |
Percentage-based |
Non-GAAP |
GAAP |
Amortization of |
Percentage-based |
Tax |
Non-GAAP |
GAAP |
Amortization of |
Percentage-based |
Tax |
Non-GAAP |
|||
|
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
US$ |
US$ |
US$ |
US$ |
|||
|
Price of revenues |
(4,722,520) |
5,821 |
(4,716,699) |
(4,835,117) |
6,505 |
5,654 |
– |
(4,822,958) |
(679,185) |
914 |
794 |
– |
(677,477) |
||
|
Analysis and construction |
(581,741) |
33,328 |
(548,413) |
(562,891) |
3,334 |
31,072 |
– |
(528,485) |
(79,069) |
468 |
4,365 |
– |
(74,236) |
||
|
Gross sales and advertising and marketing |
(1,013,081) |
15,040 |
(998,041) |
(1,020,359) |
10,246 |
12,456 |
– |
(997,657) |
(143,329) |
1,439 |
1,750 |
– |
(140,140) |
||
|
Normal and administrative |
(364,037) |
95,890 |
(268,147) |
(353,342) |
– |
80,129 |
– |
(273,213) |
(49,634) |
– |
11,256 |
– |
(38,378) |
||
|
Price and working bills |
(6,681,379) |
150,079 |
(6,531,300) |
(6,771,709) |
20,085 |
129,311 |
– |
(6,622,313) |
(951,217) |
2,821 |
18,165 |
– |
(930,231) |
||
|
Source of revenue from operations |
1,296,084 |
150,079 |
1,446,163 |
1,047,507 |
20,085 |
129,311 |
– |
1,196,903 |
147,142 |
2,821 |
18,165 |
– |
168,128 |
||
|
Web source of revenue as a result of Hi Team Inc. |
852,338 |
150,079 |
1,002,417 |
566,678 |
20,085 |
129,311 |
(3,842) |
712,232 |
79,600 |
2,821 |
18,165 |
(540) |
100,046 |
||
|
(iii) Contains tax affects alike to the amortization of intangible property from industry acquisition. There is not any tax affect alike to share-based repayment. |
|||||||||||||||
SOURCE Hi Team Inc.
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