Significant Accounting Policies (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Significant Accounting Policies |
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| Schedule of movements of the allowance for expected credit losses |
The Group recorded a provision for current expected credit losses. The following table sets out movements of the allowance for expected credit losses for the years ended December 31, 2023, 2024 and 2025:
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For the Year Ended December 31, |
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| Beginning balance |
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305,535 |
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219,201 |
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283,993 |
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| (Reversal)/Provisions |
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(16,000 |
) |
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109,801 |
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27,754 |
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| Write-offs |
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(70,334 |
) |
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(45,009 |
) |
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(94,834 |
) |
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| Ending balance |
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| Schedule of estimated useful lives of the intangible assets |
Major identifiable intangible assets that have determinable lives continue to be amortized over their estimated useful lives using the straight-line method as follows:
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Licensed copyrights of content |
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shorter of the licensed period or projected useful life of the content, mainly vary from 1 to 10 years |
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License rights of mobile games |
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shorter of the licensed period or projected useful life of mobile games, mainly vary from 1 to 3 years |
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Intellectual property and others |
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1 - 15 years, based on the underlying intangible assets expected to contribute to the future cash flows |
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| Schedule of future lease payments under operating leases |
Future lease payments under operating leases as of December 31, 2025 were as follows:
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2026 |
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150,655 |
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2027 |
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16,409 |
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2028 and thereafter |
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19,969 |
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Total future lease payments |
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187,033 |
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Less: Impact of discounting remaining lease payments |
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(3,880 |
) |
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| Schedule of supplemental cash flow information related to operating leases |
Supplemental cash flow information related to operating leases was as follows:
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For the Year Ended December 31, |
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Cash payments for operating leases |
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206,518 |
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198,418 |
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187,876 |
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assets (released)/obtained in exchange for operating lease liabilities |
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(60,910 |
) |
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15,979 |
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46,917 |
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| Schedule of net revenues disaggregated by revenue sources |
The following table presents the Group’s net revenues disaggregated by revenue sources:
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For the Year Ended December 31, |
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Value-added services |
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9,910,080 |
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10,999,137 |
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11,928,286 |
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Advertising |
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6,412,040 |
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8,189,175 |
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10,058,430 |
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Mobile games |
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4,021,137 |
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5,610,323 |
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6,394,638 |
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IP derivatives and others |
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2,184,730 |
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2,032,890 |
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1,966,412 |
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Total net revenues |
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| Schedule of appropriations to general reserve funds and statutory surplus funds |
The following table presents the Group’s appropriations to general reserve funds and statutory surplus funds for the years ended December 31, 2023, 2024 and 2025:
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For the Year Ended December 31, |
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| Appropriations to general reserve funds and statutory surplus funds |
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8,576 |
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3,893 |
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6,463 |
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