Latest 20-F annual reports

ZTO Express (Cayman) Inc. announced a 3.9% rise in net income for 2025, reaching RMB 9.24 billion, driven by tax benefits and lower interest expenses, despite a 10.5% decrease in gross profit due to declining parcel unit prices and increased operational costs.

Hafnia Pools Pte. Ltd. has engaged BW Maritime Pte Ltd for corporate services, effective January 1, 2026, outlining a comprehensive scope of services across various business functions.

Tencent Music Entertainment Group (TME) has entered into an Agreement and Plan of Merger to acquire Ximalaya Inc., a leading online audio platform in China.

Niu Technologies reports a return to revenue growth in 2025, driven by increased e-scooter sales volume despite intense market competition and regulatory headwinds.

DouYu International Holdings Ltd. filed its Form 20-F for the fiscal year ended December 31, 2025, detailing its financial performance, operational strategies, and the evolving regulatory landscape in China.

Zhihu Inc. announced a significant 23.6% decline in revenue and an increased net loss for the fiscal year ended December 31, 2025, alongside strategic shifts and AI investments.

Atour Lifestyle Holdings reports strong 2025 growth with net revenues reaching RMB 9.79 billion, driven by expansion in its manachised hotel network and retail business.

Grupo Aeroportuario del Sureste (ASUR) reported significant revenue growth in 2025, driven by increased passenger traffic and expansion of commercial activities across its Mexican, Colombian, and Puerto Rican airports, alongside new U.S. airport acquisitions.

Banco de Galicia y Buenos Aires S.A. has entered into a framework and policy agreement with Inter-American Investment Corporation (IDB Invest) for a potential US$150 million loan facility.

VNET Group, Inc. filed its Form 20-F for the fiscal year ended December 31, 2025, detailing its financial performance, operational highlights, and strategic outlook amidst evolving market conditions.

Mega Matrix reports a net loss of $34.3 million for 2025 as it shifts to an asset-light short drama model and digital asset treasury strategy.

Vipshop Holdings Limited reports a strategic shift towards high-quality customer growth and enhanced profitability in its 2025 annual filing, despite a slight dip in overall net revenues and net income.

JD.com's Form 20-F filing reveals a significant increase in net revenues driven by its retail and logistics segments, alongside substantial investments in new business initiatives, impacting overall profitability.

XPeng Inc. announced significant revenue growth in 2025, driven by a substantial increase in vehicle deliveries and improved gross margins, signaling a positive trajectory for the smart EV manufacturer.

Bilibili Inc. announced its fiscal year 2025 results, reporting a net profit of RMB1.2 billion (US$170.3 million) and a 13.1% increase in total net revenues to RMB30.3 billion, driven by strong performance in Value-Added Services (VAS) and advertising.

Taiwan Semiconductor Manufacturing Company Limited (TSMC) has entered into multiple land lease agreements across various science parks in Taiwan, securing crucial operational space through 2044.

Companhia Paranaense de Energia (Copel) filed its annual Form 20-F, providing comprehensive details on its share capital, corporate governance, operational segments, and financial performance for the fiscal year ended December 31, 2025.

Hang Feng Technology Innovation Co., Ltd. reports its 2025 financial results, highlighting a transition toward asset management and RWA tokenization initiatives.

Gorilla Technology Group Inc. announced its fiscal year 2025 financial results, highlighting a significant increase in revenue driven by its Security Convergence segment, particularly the Egypt Contract, while also detailing strategic investments in R&D and sales.

Canaan Inc. announced a significant increase in revenue for the fiscal year ended December 31, 2025, driven by strong performance in both its products and mining businesses.

Toro Corp. has entered into a $60 million senior secured revolving credit facility with Hamburg Commercial Bank AG to support its general corporate purposes.

Castor Maritime Inc. announced an amendment to its Series D Cumulative Perpetual Convertible Preferred Shares, extending the initial conversion date to January 1, 2027.

Autohome Inc. announced its annual financial results for the fiscal year ended December 31, 2025, reporting a decrease in net revenues and net income compared to the previous year.

Ceragon Networks Ltd. announced its financial results for the fiscal year ended December 31, 2025, reporting a net loss of $2.1 million on revenues of $338.7 million.

Youdao Inc. announced its fiscal year 2025 results, showcasing a significant increase in online marketing services revenue driven by AI technology investments, while learning services revenue saw a slight decline.

Agora, Inc. announced its fiscal year 2025 results, showing a return to revenue growth and a significant reduction in net loss, achieving profitability for the year.

NetEase, Inc. announced its 2025 annual results, showcasing a 7.0% increase in total net revenues to RMB112.6 billion, primarily fueled by a robust performance in its games and related value-added services segment.

Futu Holdings Limited announced significant growth in its 2025 fiscal year, with total revenues reaching HK$22.8 billion, driven by a substantial increase in brokerage commission and interest income.

Chunghwa Telecom Co., Ltd. announced its 2025 fiscal year results, showcasing revenue growth driven by its consumer and enterprise segments, with a notable increase in ICT business.

Horizon Quantum Holdings Ltd. has entered into a Quantum Systems Agreement with IonQ Quantum, Inc., establishing a strategic, long-term relationship for a dedicated trapped-ion quantum computing system.