$HUYA
HUYA Inc.
CIK:0001728190|SEC Filings
CONSOLIDATED STATEMENTS OF CASH FLOWS ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2025
CNY (¥)
|
Dec. 31, 2025
USD ($)
|
Dec. 31, 2024
CNY (¥)
|
Dec. 31, 2023
CNY (¥)
|
|
| Cash flows from operating activities | ||||
| Net loss attributable to HUYA Inc. | ¥ (112,591) | $ (16,101) | ¥ (47,955) | ¥ (204,519) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities | ||||
| Depreciation of property and equipment | 35,475 | 5,073 | 39,945 | 46,803 |
| Amortization of acquired intangible assets | 39,545 | 5,655 | 36,555 | 54,320 |
| Amortization of right-of-use assets | 33,016 | 4,721 | 37,461 | 39,277 |
| Allowance (Reversal of) for expected credit losses | 67,832 | 9,700 | (5,797) | 13,394 |
| Gains on disposal of property and equipment and other long-term assets | (928) | (133) | (831) | (594) |
| Share-based compensation | 73,592 | 10,523 | 64,520 | 78,265 |
| Share of loss in equity method investments, net of income taxes | 2,695 | 385 | 0 | 0 |
| Deferred income tax benefits | (4,059) | (580) | (4,041) | (4,007) |
| Impairment loss of investments | 120,156 | 17,182 | 232,466 | 225,800 |
| Foreign currency exchange losses, net | 6,718 | 961 | 3,802 | 1,593 |
| Gains on disposal of investments | (1,500) | (214) | 0 | 0 |
| Gains on disposal of other asset | (5,215) | (746) | 0 | 0 |
| Changes in operating assets and liabilities, net of effects from acquisition: | ||||
| Accounts receivable | (163,745) | (23,415) | (9,043) | 4,706 |
| Prepayments and other assets | 26,303 | 3,760 | 50,142 | 36,277 |
| Prepaid assets and amounts due from related parties | (83,136) | (11,888) | (59,002) | (88,861) |
| Accounts payable | 175,647 | 25,117 | 50,269 | 4,472 |
| Amounts due to related parties | (11,363) | (1,625) | 12,585 | 15,286 |
| Advances from customers and deferred revenue | (41,423) | (5,923) | (158,235) | (60,114) |
| Lease liabilities | (25,421) | (3,636) | (29,220) | (31,664) |
| Accrued liabilities and other current liabilities | (314,635) | (44,992) | (124,018) | (183,505) |
| Income tax payable | 6,885 | 985 | 4,680 | 20,990 |
| Net cash (used in) provided by operating activities | (176,152) | (25,191) | 94,283 | (32,081) |
| Cash flows from investing activities | ||||
| Placements of short-term deposits | (3,475,510) | (496,991) | (3,428,284) | (6,064,259) |
| Maturities of short-term deposits | 5,815,847 | 831,655 | 7,265,712 | 8,285,719 |
| Placements of short-term investments | (1,342,297) | (191,946) | (10,000) | 0 |
| Maturities of short-term investments | 1,342,297 | 191,946 | 10,000 | 3,117 |
| Placements of long-term deposits | (60,000) | (2,141,404) | ||
| Maturities of long-term deposits | 50,000 | 7,150 | 140,000 | 714,657 |
| Purchase of property and equipment | (167,830) | (23,999) | (186,257) | (123,207) |
| Purchase of intangible assets | (20,982) | (3,000) | (24,244) | (8,084) |
| Cash paid for long-term investments | (24,000) | (3,432) | 0 | (68,332) |
| Cash consideration paid for business combination under common control | (28,770) | (546,084) | ||
| Cash received from disposal of investments | 3,000 | 429 | 0 | 0 |
| Proceeds from disposal of property and equipment | 1,076 | 154 | 378 | 1,083 |
| Proceeds from disposal of other assets | 3,677 | 526 | 0 | 0 |
| Net cash provided by investing activities | 2,185,278 | 312,492 | 3,678,535 | 53,206 |
| Cash flows from financing activities | ||||
| Repurchase of shares | (90,345) | (12,919) | (247,890) | (202,422) |
| Dividends paid to shareholders | (2,407,847) | (344,318) | (2,857,461) | 0 |
| Proceeds from exercise of vested share options | 0 | 0 | 680 | 128 |
| Net cash used in financing activities | (2,498,192) | (357,237) | (3,104,671) | (202,294) |
| Net (decrease) increase in cash and cash equivalents and restricted cash | (489,066) | (69,936) | 668,147 | (181,169) |
| Cash and cash equivalents and restricted cash at the beginning of the year | 1,205,942 | 172,447 | 530,110 | 698,141 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | (12,182) | (1,742) | 7,685 | 13,138 |
| Cash and cash equivalents and restricted cash at the end of the year | 704,694 | 100,769 | 1,205,942 | 530,110 |
| Supplemental disclosure of cash flows information: | ||||
| - Unpaid cash consideration for business acquisition | (28,742) | |||
| - Income tax received (paid) | (6,116) | (875) | (13,519) | 8,895 |
| - Unpaid cash consideration for repurchase of treasury shares | (4,365) | (3,923) | ||
| - Acquisition of property and equipment, included with accrued liabilities and other current liabilities | ¥ 61,460 | $ 8,789 | ¥ 73,309 | ¥ 62,357 |
CONSOLIDATED BALANCE SHEETS ¥ in Thousands, $ in Thousands |
Dec. 31, 2025
CNY (¥)
|
Dec. 31, 2025
USD ($)
|
Dec. 31, 2024
CNY (¥)
|
|---|---|---|---|
| Current assets | |||
| Cash and cash equivalents | ¥ 692,663 | $ 99,049 | ¥ 1,188,911 |
| Restricted cash | 12,031 | 1,720 | 17,031 |
| Short-term deposits | 3,125,760 | 446,978 | 4,075,048 |
| Accounts receivable, net | 238,569 | 34,115 | 76,044 |
| Prepaid assets and amounts due from related parties, net | 290,747 | 41,576 | 207,565 |
| Prepayments and other current assets, net | 547,078 | 78,232 | 523,674 |
| Total current assets | 4,906,848 | 701,670 | 6,088,273 |
| Non-current assets | |||
| Long-term deposits | 1,470,000 | ||
| Investments | 296,165 | 42,351 | 440,790 |
| Goodwill | 453,498 | 64,849 | 463,796 |
| Property and equipment, net | 604,368 | 86,423 | 484,008 |
| Intangible assets, net | 127,633 | 18,251 | 153,190 |
| Right-of-use assets, net | 304,017 | 43,474 | 339,492 |
| Prepayments and other non-current assets | 8,843 | 1,265 | 128,262 |
| Total non-current assets | 1,794,524 | 256,613 | 3,479,538 |
| Total assets | 6,701,372 | 958,283 | 9,567,811 |
| Current liabilities (including amounts of the consolidated variable interest entity and its subsidiaries ("VIEs") without recourse to the Company of RMB 884,541 and RMB 719,725 as of December 31, 2024 and 2025, respectively) | |||
| Accounts payable | 237,903 | 34,020 | 66,613 |
| Advances from customers and deferred revenue | 228,167 | 32,627 | 265,628 |
| Income taxes payable | 61,479 | 8,791 | 54,594 |
| Accrued liabilities and other current liabilities | 1,032,437 | 147,637 | 1,360,949 |
| Amounts due to related parties | 150,166 | 21,473 | 161,529 |
| Lease liabilities due within one year | 18,982 | 2,714 | 28,581 |
| Total current liabilities | 1,729,134 | 247,262 | 1,937,894 |
| Non-current liabilities (including amounts of the consolidated VIEs without recourse to the Company of RMB42,431 and RMB32,364 as of December 31, 2024 and 2025, respectively) | |||
| Lease liabilities | 1,766 | 253 | 20,047 |
| Deferred tax liabilities | 18,932 | 2,707 | 23,405 |
| Deferred revenue | 31,824 | 4,551 | 35,786 |
| Total non-current liabilities | 52,522 | 7,511 | 79,238 |
| Total liabilities | 1,781,656 | 254,773 | 2,017,132 |
| Commitments and contingencies (Note 26) | |||
| Shareholders' equity | |||
| Treasury shares | (128,056) | (18,312) | (108,101) |
| Additional paid-in capital | 6,466,101 | 924,640 | 8,866,492 |
| Statutory reserves | 122,429 | 17,507 | 122,429 |
| Accumulated deficit | (2,219,365) | (317,365) | (2,100,291) |
| Accumulated other comprehensive income | 678,455 | 97,018 | 770,000 |
| Total shareholders' equity | 4,919,716 | 703,510 | 7,550,679 |
| Total liabilities and shareholders' equity | 6,701,372 | 958,283 | 9,567,811 |
| Class A ordinary shares | |||
| Shareholders' equity | |||
| Ordinary shares | 54 | 8 | 52 |
| Class B ordinary shares | |||
| Shareholders' equity | |||
| Ordinary shares | ¥ 98 | $ 14 | ¥ 98 |