DOYU vs GDS
DouYu International Holdings Ltd. and GDS Holdings Ltd., side by side — 9 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | DOYU | GDS |
|---|---|---|
| Revenue | CNY 3.8B | CNY 11.4B |
| Net income | CNY -29.1M | CNY 949.6M |
| Gross margin | 12.8% | 22.6% |
| Net margin | −0.8% | 8.4% |
| Return on equity | −0.9% | 3.9% |
| Diluted EPS | −CNY 0.96 | CNY 0.55 |
| Dividend / share | · | · |
| Payout ratio | −7395.6% | · |
| Free cash flow | CNY -52.5M | CNY -1.3B |
| Equity | CNY 2.0B | CNY 25.8B |
| Net debt / equity | · | 0.45× |
| Current ratio | 2.33× | 2.60× |
| Revenue CAGR 5y | −16.8% | 14.8% |
| Profit CAGR 5y | · | · |
GDS bills 3.0× the revenue of DOYU, and DOYU 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. "·" marks a figure not available in our data.
9 years side by side
| Fiscal year | DOYU | GDS |
|---|---|---|
| FY2025 | CNY 3.8B | CNY 11.4B |
| FY2024 | CNY 4.3B | CNY 10.3B |
| FY2023 | CNY 5.5B | CNY 9.8B |
| FY2022 | CNY 7.1B | CNY 9.3B |
| FY2021 | CNY 9.2B | CNY 7.8B |
| FY2020 | CNY 9.6B | CNY 5.7B |
| FY2019 | CNY 7.3B | CNY 4.1B |
| FY2018 | CNY 3.7B | CNY 2.8B |
| FY2017 | CNY 1.9B | CNY 1.6B |
Bottom line
| Fiscal year | DOYU | GDS |
|---|---|---|
| FY2025 | CNY -29.1M | CNY 949.6M |
| FY2024 | CNY -306.8M | CNY 3.4B |
| FY2023 | CNY 35.5M | CNY -4.3B |
| FY2022 | CNY -75.4M | CNY -1.3B |
| FY2021 | CNY -581.9M | CNY -1.2B |
| FY2020 | CNY 485.5M | CNY -666.4M |
| FY2019 | CNY 39.8M | CNY -442.1M |
| FY2018 | CNY -876.3M | CNY -430.3M |
| FY2017 | CNY -612.9M | CNY -326.9M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 7,613,422,321 | GDS |
| FY2024 | −CNY 6,051,242,544 | GDS |
| FY2023 | −CNY 4,252,043,443 | GDS |
| FY2022 | −CNY 2,159,862,648 | GDS |
| FY2021 | +CNY 1,346,649,760 | DOYU |
| FY2020 | +CNY 3,862,901,937 | DOYU |
| FY2019 | +CNY 3,160,825,253 | DOYU |
| FY2018 | +CNY 862,306,126 | DOYU |
| FY2017 | +CNY 269,551,001 | DOYU |
The higher-revenue side has changed between DOYU and GDS over this period. The gap has widened since the earliest year compared.
9 of 12 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −9.2 pp | GDS |
| FY2024 | −39.2 pp | GDS |
| FY2023 | +44.4 pp | DOYU |
| FY2022 | +12.4 pp | DOYU |
| FY2021 | +8.5 pp | DOYU |
| FY2020 | +15.9 pp | DOYU |
| FY2019 | +11.2 pp | DOYU |
| FY2018 | −8.6 pp | GDS |
| FY2017 | −12.3 pp | GDS |
The higher net margin has changed hands between DOYU and GDS over this period.
9 of 12 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
GDS's net margin has been more volatile than DOYU's over the 9 comparable fiscal years — 19.5 percentage points of standard deviation against 11.8.
9 of 12 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between DOYU and GDS over these 9 fiscal years — DOYU led in 5 and GDS in 4.
9 of 12 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
GDS's return on equity has been more volatile than DOYU's over the 6 comparable fiscal years — 11.1 percentage points of standard deviation against 4.9.
6 of 9 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between DOYU and GDS over these 6 fiscal years — DOYU led in 3 and GDS in 3.
6 of 9 comparable fiscal years — a year missing data on either side is not counted.