DOYU vs GDS
DouYu International Holdings Ltd. and GDS Holdings Ltd., side by side — 9 fiscal years reported in CNY, drawn from SEC filings.
At a glance
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.
Revenue by year
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 |
Net income by year
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 |
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