| INTANGIBLE ASSETS, NET |
Finite-lived intangible assets
|
|
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|
|
|
|
|
|
|
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As of December 31, 2024 |
|
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|
Gross carrying
value |
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|
Accumulated amortization and impairment |
|
|
Net carrying
value |
|
|
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
|
(In thousands) |
|
Intellectual property rights (i) |
|
|
545,324 |
|
|
|
(352,689 |
) |
|
|
192,635 |
|
Published mobile games |
|
|
305,980 |
|
|
|
(305,980 |
) |
|
|
— |
|
Trademarks |
|
|
165,262 |
|
|
|
(127,580 |
) |
|
|
37,682 |
|
Domain names |
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|
185,558 |
|
|
|
(138,134 |
) |
|
|
47,424 |
|
Technology |
|
|
101,000 |
|
|
|
(101,000 |
) |
|
|
— |
|
Others |
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|
62,837 |
|
|
|
(50,717 |
) |
|
|
12,120 |
|
|
|
|
1,365,961 |
|
|
|
(1,076,100 |
) |
|
|
289,861 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
As of December 31, 2025 |
|
|
|
Gross carrying
value |
|
|
Accumulated
amortization
and impairment |
|
|
Net carrying
value |
|
|
Net carrying
value |
|
|
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
US$ |
|
|
|
(In thousands) |
|
Intellectual property rights (i) |
|
|
505,404 |
|
|
|
(371,718 |
) |
|
|
133,686 |
|
|
|
19,117 |
|
Published mobile games |
|
|
256,477 |
|
|
|
(256,477 |
) |
|
|
— |
|
|
|
— |
|
Trademarks |
|
|
165,262 |
|
|
|
(131,781 |
) |
|
|
33,481 |
|
|
|
4,788 |
|
Domain names |
|
|
185,558 |
|
|
|
(145,158 |
) |
|
|
40,400 |
|
|
|
5,777 |
|
Technology |
|
|
101,000 |
|
|
|
(101,000 |
) |
|
|
— |
|
|
|
— |
|
Others |
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|
56,515 |
|
|
|
(46,997 |
) |
|
|
9,518 |
|
|
|
1,361 |
|
|
|
|
1,270,216 |
|
|
|
(1,053,131 |
) |
|
|
217,085 |
|
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|
31,043 |
|
(i)Intellectual property rights include various rights the Company acquired either individually or in a bundle to broadcast, operate, publish, translate, distribute and/or adapt various forms of media, including but not limited to online games, literature and films. Amortization expense was RMB179.4 million, RMB95.6 million and RMB75.6 million (US$10.8 million) for the years ended December 31, 2023, 2024 and 2025, respectively. Estimated amortization expense relating to the existing intangible assets for each of the following years is as follows:
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RMB |
|
|
US$ |
|
|
|
(In thousands) |
|
Within 1 year |
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63,490 |
|
|
|
9,079 |
|
Between 1 and 2 years |
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|
52,605 |
|
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|
7,522 |
|
Between 2 and 3 years |
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|
44,916 |
|
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|
6,423 |
|
Between 3 and 4 years |
|
|
35,220 |
|
|
|
5,036 |
|
Between 4 and 5 years |
|
|
10,954 |
|
|
|
1,566 |
|
|