Zhihu Inc. (2390) 📈: отчетность и дивиденды за 2025

Reports

IFRS

Reporting Annual Quarterly

	2022	2023	2024
Финансовый отчет	link	link	link

Capitalization

IFRS

Reporting Annual Quarterly

	2019	2020	2021	2022	2023	LTM	5 year average	CAGR 5
Капитализация, млрд ¥				6.63	5.64	5.77	6.13	-7.77
Выручка, млрд ¥	0.6705	1.35	2.96	3.6	4.2	4.2	2.56	44.33
Чистая прибыль, млрд ¥	-1	-0.5176	-1.3	-1.58	-0.8436	-0.8436	-1.0482	-3.34
EV, млрд ¥						-0.9051
EBIT, млрд ¥	-1.06	-0.6029	-1.39	-1.6			-1.1632	10.84
EBITDA, млрд ¥						-1.15
Баланс стоимость, млрд ¥	3.22	2.75	6.73	5.65	4.6	4.6	4.59	7.39
FCF, млрд ¥	-0.7213	-0.2464	-0.4402	-1.12	-0.4244	-0.4244	-0.5905	-10.06
Операционный денежный поток, млрд ¥	-0.7155	-0.2444	-0.4402	-1.11	-0.4155	-0.4155	-0.5851	-10.30
Операционная прибыль, млрд ¥	-1.06	-0.6029	-1.39	-1.6	-1.07	-1.07	-1.1446	0.19
Операционные расходы, млрд ¥	1.73	1.96	4.35	5.21	5.27	5.27	3.70	24.95
CAPEX, млрд ¥	0.0045	0.002	0.0074	0.000714	0.0089	0.0089	0.0047	14.61

	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	5 quarters average	CAGR 5
Капитализация, млрд ¥	8.08	6.58	5.65	7.51	5.26	5.33	4.58				5.67	-4.11
Выручка, млрд ¥	0.836	0.9117	1.11	0.9942	1.04	1.02	1.14	0.9609	0.9338	0.845	0.9799	-3.69
Чистая прибыль, млрд ¥	-0.487	-0.3002	-0.1797	-0.1814	-0.2798	-0.2787	-0.1038	-0.1648	-0.0827	-0.0105	-0.1281	-48.09
EBIT, млрд ¥		-0.2786			-0.3272						-0.3029	8.37
Баланс стоимость, млрд ¥	6.07	5.89	5.65	5.48	5.27	4.89	4.6	4.39	4.31	4.29	4.50	-2.58
Операционная прибыль, млрд ¥	-0.4607	-0.2786	-0.2163	-0.2167	-0.3272	-0.3501	-0.1782	-0.2247	-0.1839	-0.0843	-0.2042	-24.78
Операционные расходы, млрд ¥		1.19	1.33	1.21	1.37	1.37	1.32	1.19	1.12	0.9294	1.19	-7.47

	5 quarters average	CAGR 5

Cash flow Cash flow quarterly Assets

Balance sheet

IFRS

Reporting Annual Quarterly

	2019	2020	2021	2022	2023	LTM	5 year average	CAGR 5
Наличность, млрд ¥	0.9004	0.9578	2.16	4.53	2.11	2.11	2.13	18.57
Short Term Investments ¥	2.64	2.14	5.06	1.74	3.36	3.36	2.99	4.94
Long term investments ¥			0.1785		0.0446		0.1115	-50.01
Total Receivables ¥	0.2567	0.486	0.8316	0.8343	0.6646	0.6646	0.6146	20.96
Total Current Assets ¥	3.9	3.72	8.33	7.32	6.38	6.38	5.93	10.34
Чистые активы, млрд ¥	0.0406	0.0113	0.1364	0.1074	7.32	0.1074	1.52	182.62
Активы, млрд ¥	3.98	3.76	8.81	7.66	6.8	6.8	6.20	11.31
Задолженность, млрд ¥	0.7659	1.01	2.07	2	2.09	2.09	1.59	22.23
Долг, млрд ¥						0.0943
Interest income ¥	0.0516	0.0747	0.1017	0.0335	0.1587		0.0840	25.19
Чист. проц. доходы, млрд ¥	0.0287	0.0248	0.0313	0.0681	0.1587	0.1739	0.0623	40.78
Goodwill ¥			0.0737	0.1263	0.1911		0.1304	37.38
Себестоимость, млрд ¥	0.3582	0.5944	1.41	1.8	1.9	1.9	1.21	39.61

	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	5 quarters average	CAGR 5
Наличность, млрд ¥						3.4	4.53	4.17	4.03	3.13	2.11	2.19	3.16	3.21	2.76	0.51
Short Term Investments ¥					3.6	3.23	1.74	2.09	2.12	2.52	3.36	3.02	1.85	1.78	2.51	-6.72
Long term investments ¥								0.03	0.03	0.03	0.0446				0.0336	10.42
Total Receivables ¥					0.8322	0.7728	0.8343	0.7584	0.7611	0.6243	0.6646	0.6382	0.5329	0.4453	0.5811	-6.53
Total Current Assets ¥					7.19	7.63	7.32	7.25	7.16	6.62	6.38	6.13	5.84	5.75	6.14	-2.78
Чистые активы, млрд ¥	0.0905	0.1067	0.1364	0.1441	0.1312	0.1171	0.1074		0.0915						0.1183	-8.68
Активы, млрд ¥					8.37	7.98	7.66	7.61	7.63	7.05	6.8	6.54	6.11	6.01	6.50	-3.14
Short Term Debt ¥													0.0518	0.0518	0.0518	0.00
Задолженность, млрд ¥					2.3	2.09	2	2.08	2.29	2.07	2.09	2.03	1.71	1.66	1.91	-4.32
Interest income ¥		0.0453	0.0079	0.0344	0.021	0.0133	0.0335	0.0395	0.04	0.0404	0.0388				0.0384	2.98
Чист. проц. доходы, млрд ¥				0.0344	0.021	0.0146	0.0337	0.0395	0.04	0.0404	0.0388	0.0337	0.0293		0.0364	-6.04
Goodwill ¥		0.0508	0.0737	0.0737	0.0737	0.1263	0.1263	0.1263	0.1911	0.1911	0.1911				0.1652	8.64
Себестоимость, млрд ¥					0.4364	0.4673	0.4854	0.482	0.4821	0.4737	0.4652	0.4174	0.3773	0.3049	0.4077	-8.43

	5 quarters average	CAGR 5

Share

IFRS

Reporting Annual Quarterly

	2019	2020	2021	2022	2023	2024	2025	LTM	5 year average	CAGR 5
EPS	-3.58	-1.84	-1.6	-5	-2.76			-2.76	-2.9560	-5.07
Цена акции ао				20.9	14.46	9.68	10.44	10.44	13.87	-15.93
Число акций ао, млн	280.75	280.75	299.06	316.36	305.5			305.5	296.48	1.70
FCF/акцию	-2.57	-0.8775	-1.47	-3.53	-1.39			-1.39	-1.9675	-11.57

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2025Q2	5 quarters average	CAGR 5
EPS				-1.81	-0.98	-0.59	-0.59	-0.9479	-0.9056	-0.3397	-0.5535	-0.2805	-0.0356		-0.4230	-47.65
Цена акции ао				25.38	20.67	17.86	23.72	17.83	17.33	15				10.44	16.86	-15.14
Число акций ао, млн	280.75	299.06	299.06	318.42	318.42	316.36	316.75	295.22	307.72	305.5					308.31	-0.70

	5 quarters average	CAGR 5

Efficiency

IFRS

Reporting Annual Quarterly

	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
ROE, %	-31.2	-18.84	-19.3	-25.53	-16.46			-16.46	7.85	-22.2660	-12.01
ROA, %	-25.2	-13.76	-14.75	-19.21	-11.68			-11.68	4.97	-16.9200	-14.26
ROS, %	-149.77	-38.27	-43.89	-43.86	-20.09	-20.09	-20.09	-20.09	12.08	-29.6040	-14.47
ROCE, %	-32.89	-21.95	-20.66	-27.5			0	0	0.00	-25.7500	-4.38
Ebit margin, %	-157.86	-44.59	-46.99	-44.49			0	0		-73.4825	-27.14
Рентаб EBITDA, %							-27.39	-27.39	21.14	-27.3900	0.00
Чистая рентаб, %	-149.77	-38.27	-43.89	-43.86	-20.09			-20.09	12.08	-59.1760	-33.09
Operation Margin, %	-157.86	-44.59	-46.99	-44.49	-25.54	-25.54	-25.54	-25.54	14.06	-33.6200	-11.48
Доходность FCF, %				-16.84	-7.52					-12.1800	-33.18

	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2025Q2	Industry average	5 quarters average	CAGR 5
ROE, %	-8.02	-5.1	-3.18	-3.31	-5.19	-5.27	-2.03	-3.35	-1.77	-0.2345		7.85	-2.5309	-46.34
ROA, %	-5.82	-3.76	-2.35	-2.38	-3.67	-3.8	-1.5	-2.47	-1.31	-0.1732		4.97	-1.8506	-46.08
ROS, %		-32.92	-16.13	-18.24	-26.8	-27.26	-9.12	-17.16	-8.86	-1.24	-20.09	12.08	-11.2940	17.11
ROCE, %		-4.73			-5.84							0.00	-5.2850	11.12
Ebit margin, %					-31.34								-31.3400	0.00
Рентаб EBITDA, %											-27.39	21.14	-27.3900	0.00
Чистая рентаб, %	-58.25	-32.92	-16.13	-18.24	-26.8	-27.26	-9.12	-17.16	-8.86	-1.24		12.08	-12.7280	-46.10
Operation Margin, %		-30.56	-19.42	-21.8	-31.34	-34.25	-15.65	-23.39	-19.69	-9.98	-25.54	14.06	-18.8500	10.29

	Industry average	5 quarters average	CAGR 5

Coefficients

IFRS

Reporting Annual Quarterly

	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
P/E	-4.19	-6.69				15.21	-5.4400	26.36
P/BV	1.14	0.8239			0.8239	1.81	0.9819	-14.99
P/S	1.79	0.9226			0.9226	2.30	1.36	-28.21
P/FCF	-5.94	-13.29	-13.6	-13.6	-13.6	7.33	-11.6075	23.01
E/P	-0.2387	-0.1495	-0.1462	-0.1462	-0.1462	0.06	-0.1701	-11.53
EV/EBIT			0	0	0
EV/EBITDA					0.77	4.36
EV/S		-0.2514	-0.2156	-0.2156	-0.2156	2.34	-0.2275	-4.99
EV/FCF			2.13	2.13	2.13	9.21	2.13	0.00
Debt/EBITDA		-0.082	-0.082	-0.082	-0.082	0.94	-0.0820	0.00
Netdebt/Ebitda		0	0	0	0	0.35
Debt/Ratio		0.0123	0.0139	0.0139	0.0139	0.16	0.0134	4.16
Debt/Equity		0.878	0.878	0.4453	0.4453	0.84	0.7338	-20.25
Debt/Net Income		-0.0596	-0.1118	-0.1118	-0.1118	2.36	-0.0944	23.33
PEG				0	0
Бета		3.18	1.38	0.6723	0.6723	1.28	1.74	-40.43
Индекс Альтмана		0.5895	0.9046	0.9046	0.9046	2.54	0.7996	15.34

	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2025Q1	2025Q2	Industry average	5 quarters average	CAGR 5
P/E	-16.59	-21.92	-31.45	-41.44	-18.81	-19.13	-44.17						15.21	-31.0000	7.03
P/BV	1.33	1.12	0.9996	1.37	0.8888	0.8742	0.8239	0.6888	0.4633	0.5332			1.81	0.6767	-9.42
P/S	9.67	7.22	5.07	7.56	1.23	1.05	0.924	0.7549	0.5142	0.6052			2.30	0.7697	-10.43
P/FCF												-13.6	7.33	-13.6000	0.00
E/P	-0.0603	-0.0456	-0.0318	-0.0241	-0.0532	-0.0523	-0.0226					-0.1462	0.06	-0.0597	43.41
EV/S												-0.2156	2.34	-0.2156	0.00
EV/FCF												2.13	9.21	2.13	0.00
Debt/EBITDA												-0.082	0.94	-0.0820	0.00
Debt/Ratio												0.0139	0.16	0.0139	0.00
Debt/Equity												0.4453	0.84	0.4453	0.00
Debt/Net Income												-0.1118	2.36	-0.1118	0.00
Бета											1.89	0.6723	1.28	1.28	-40.36
Индекс Альтмана											0.9046	0.9046	2.54	0.9046	0.00

	Industry average	5 quarters average	CAGR 5

Dividends

IFRS

Reporting Annual

	LTM	Industry average	5 year average	CAGR 5
Дивиденд	0
Див доход, ао, %	0	3.05
Дивиденды / прибыль, %	0	41.61

	Industry average	5 quarters average	CAGR 5

	Industry average	5 quarters average	CAGR 5

Other

IFRS

Reporting Annual

	2023	CAGR 5
Персонал, чел	2 515	0.00

	CAGR 5

	CAGR 5

Investing Port

Zhihu Inc.

Reporting Zhihu Inc.

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Capitalization

Balance sheet

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Efficiency

Coefficients

Dividends

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