BILI vs SY
Bilibili Inc. and So-Young International Inc., side by side — 9 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | BILI | SY |
|---|---|---|
| Revenue | CNY 30.3B | CNY 1.5B |
| Net income | CNY 1.2B | CNY -242.3M |
| Gross margin | 36.6% | 47.8% |
| Net margin | 3.9% | −16.2% |
| Return on equity | 8.0% | −14.3% |
| Diluted EPS | CNY 2.74 | — |
| Dividend / share | — | — |
| Payout ratio | — | −7.9% |
| Free cash flow | CNY 6.6B | CNY -302.0M |
| Equity | CNY 15.6B | CNY 1.6B |
| Net debt / equity | −0.27× | −0.24× |
| Current ratio | 1.36× | 1.89× |
| Revenue CAGR 5y | 20.4% | 3.3% |
| Profit CAGR 5y | — | — |
BILI bills 19.9× the revenue of SY, and SY closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
9 years side by side
| Fiscal year | BILI | SY |
|---|---|---|
| FY2025 | CNY 30.3B | CNY 1.5B |
| FY2024 | CNY 26.8B | CNY 1.5B |
| FY2023 | CNY 22.5B | CNY 1.5B |
| FY2022 | CNY 21.9B | CNY 1.3B |
| FY2021 | CNY 19.4B | CNY 1.7B |
| FY2020 | CNY 12.0B | CNY 1.3B |
| FY2019 | CNY 6.8B | CNY 1.2B |
| FY2018 | CNY 4.1B | CNY 617.2M |
| FY2017 | CNY 2.5B | CNY 259.3M |
Net income by year
Bottom line
| Fiscal year | BILI | SY |
|---|---|---|
| FY2025 | CNY 1.2B | CNY -242.3M |
| FY2024 | CNY -1.3B | CNY -589.5M |
| FY2023 | CNY -4.8B | CNY 21.3M |
| FY2022 | CNY -7.5B | CNY -65.6M |
| FY2021 | CNY -6.8B | CNY -8.4M |
| FY2020 | CNY -3.1B | CNY 5.8M |
| FY2019 | CNY -1.3B | CNY 176.7M |
| FY2018 | CNY -565.0M | CNY 55.1M |
| FY2017 | CNY -183.8M | CNY 17.2M |