​

  ​ ​ ​

Years ended December 31, 

​

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

​

​

RMB

​

RMB

​

RMB

Revenue sharing fees and content costs

​

3,878,385,035

3,363,122,749

2,792,249,793

Bandwidth costs

​

449,901,415

304,597,404

200,283,100

Others

​

518,084,814

279,272,821

336,792,443

Total

​

4,846,371,264

3,946,992,974

3,329,325,336