 

For the Year Ended December 31,

2023

2024

2025

 

RMB

 

RMB

 

RMB

Profit (loss) before income tax

(4,662,680)

1,254,658

(611,269)

Tax calculated at statutory income tax rate of 25%

(1,165,670)

313,665

(152,817)

Tax effects of:

--Different tax rates available to different jurisdictions

556,263

182,303

1,077,464

--Preferential income tax rates applicable to subsidiaries

(158,184)

(305,495)

(552,867)

--Non-deductible expenses and non-taxable income, net

1,511,336

582,084

658,672

--Super deduction for research and development expenses

(694,930)

(735,419)

(719,297)

--Tax losses and deductible temporary differences for which no deferred income tax assets were recognized

1,219,912

1,398,123

2,679,498

--Utilization and recognition of previously unrecognized deductible tax losses and temporary differences

(1,401,352)

(1,646,185)

(4,683,486)

--Withholding tax

184,352

182,053

103,852

--Others

38,022

8,741

(27,444)

Total income tax expense (benefit)

89,749

(20,130)

(1,616,425)