DouYu International Holdings Limited (DOYU) Balance Sheet

NASDAQ: DOYUAssets, liabilities, debt and equity over 10 years.

DOYU balance sheet, 2025

December 31, 2025 · Chinese yuan

CN¥3.12B assets = CN¥1.13B liabilities + CN¥1.99B equity

Both columns are drawn to the same scale: what DOYU owns equals what it owes plus shareholders’ equity. Hover a block for its value.

DOYU financial health

Current ratio2.33

Comfortable · current assets cover current liabilities 2.33×

Debt / equity0.00

Low leverage · CN¥0.00 of debt for each $1 of equity

Equity / assets63.7%

Equity-funded · of assets funded by shareholders

Cash / debt28,239.1%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles2.2%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

DOYU balance sheet trends, 2016–2025

DouYu International Holdings Limited balance sheet trends
Metric	Then	Latest	Change
Total assets	CN¥778.9M2016	CN¥3.12B2025	+16.7%/yr
Total liabilities	CN¥2.65B2016	CN¥1.13B2025	−9.0%/yr
Shareholders’ equity	−CN¥1.87B2016	CN¥1.99B2025	—
Cash & short-term investments	CN¥516.8M2016	CN¥2.26B2025	+17.8%/yr
Total debt	CN¥157.4M2016	CN¥8.0M2025	−28.2%/yr
Net cash (debt)	CN¥359.4M2016	CN¥2.26B2025	+CN¥1.9B
Working capital	CN¥152.0M2016	CN¥1.50B2025	+CN¥1.3B
Current ratio	1.292016	2.332025	+1.04
Debt / equity	0.092019	0.002025	−0.08
Shares outstanding	8.6M2016	30.2M2025	+14.9%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

DOYU assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

DOYU liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

DOYU debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

DOYU balance sheet in Chinese yuan

DouYu International Holdings Limited annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	CN¥2.26B	CN¥4.09B	CN¥6.16B	CN¥6.55B	CN¥6.53B	CN¥7.51B	CN¥8.09B	CN¥5.56B	CN¥539.6M	CN¥516.8M
Cash & equivalents	CN¥1.76B	CN¥1.02B	CN¥4.44B	CN¥4.04B	CN¥4.46B	CN¥5.28B	CN¥8.09B	CN¥5.56B	CN¥539.6M	CN¥516.8M
Short-term investments	CN¥502.8M	CN¥3.07B	CN¥1.72B	CN¥2.51B	CN¥2.08B	CN¥2.23B	CN¥0	CN¥0	CN¥0	CN¥0
Receivables	CN¥345.5M	CN¥343.1M	CN¥437.5M	CN¥145.2M	CN¥228.5M	CN¥208.8M	CN¥212.1M	CN¥382.4M	CN¥232.2M	CN¥117.1M
Inventory	CN¥0	CN¥0	CN¥1	CN¥32.1M	CN¥91.4M	CN¥78.1M	CN¥93.2M	CN¥135.8M	CN¥84.9M	CN¥39.1M
Other current assets	CN¥25.0M	CN¥38.4M	CN¥91.2M	CN¥347.2M	CN¥376.4M	CN¥236.7M	CN¥204.3M	CN¥36.6M	CN¥6.2M	CN¥2.8M
Total current assets	CN¥2.63B	CN¥4.47B	CN¥6.69B	CN¥7.08B	CN¥7.23B	CN¥8.03B	CN¥8.60B	CN¥6.12B	CN¥862.9M	CN¥675.9M
Property, plant & equipment (net)	CN¥12.9M	CN¥22.9M	CN¥36.6M	CN¥66.9M	CN¥97.4M	CN¥99.9M	CN¥38.9M	CN¥50.4M	CN¥50.3M	CN¥49.3M
Goodwill & intangible assets	CN¥67.2M	CN¥60.9M	CN¥120.7M	CN¥120.5M	CN¥174.2M	CN¥154.6M	CN¥229.0M	CN¥144.6M	CN¥16.7M	CN¥11.3M
Long-term investments	CN¥383.7M	CN¥816.8M	CN¥1.07B	CN¥781.9M	CN¥591.4M	CN¥600.7M	CN¥225.5M	CN¥134.3M	CN¥96.1M	CN¥29.2M
Other non-current assets	CN¥24.5M	CN¥76.6M	CN¥163.2M	CN¥98.8M	CN¥64.8M	CN¥19.0M	CN¥8.5M	CN¥48.6M	CN¥5.7M	CN¥13.1M
Total assets	CN¥3.12B	CN¥5.45B	CN¥8.07B	CN¥8.15B	CN¥8.16B	CN¥8.91B	CN¥9.10B	CN¥6.49B	CN¥1.03B	CN¥778.9M
Liabilities
Accounts payable	CN¥554.5M	CN¥498.7M	CN¥534.4M	CN¥667.0M	CN¥824.1M	CN¥986.1M	CN¥890.0M	CN¥800.4M	CN¥452.1M	CN¥336.0M
Short-term debt	CN¥6.7M	CN¥11.5M	CN¥14.8M	CN¥27.5M	CN¥30.4M	CN¥36.3M	CN¥642.0M	CN¥23.0M	CN¥333.2M	CN¥157.4M
Deferred revenue	CN¥239.4M	CN¥256.8M	CN¥328.9M	CN¥294.6M	CN¥242.6M	CN¥252.9M	CN¥213.1M	CN¥121.8M	CN¥51.4M	CN¥20.6M
Total current liabilities	CN¥1.13B	CN¥1.23B	CN¥1.38B	CN¥1.56B	CN¥1.85B	CN¥1.88B	CN¥1.79B	CN¥2.86B	CN¥871.9M	CN¥523.9M
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	CN¥8.0M	CN¥15.7M	CN¥21.5M	CN¥47.1M	CN¥61.7M	CN¥53.2M	CN¥0	CN¥0	CN¥0	CN¥0
Other long-term liabilities	CN¥1.3M	CN¥4.2M	CN¥6.7M	CN¥26.1M	CN¥49.3M	CN¥47.7M	CN¥46.1M	CN¥6.64B	CN¥2.63B	CN¥2.13B
Total liabilities	CN¥1.13B	CN¥1.24B	CN¥1.38B	CN¥1.58B	CN¥1.90B	CN¥1.93B	CN¥1.84B	CN¥9.51B	CN¥3.50B	CN¥2.65B
Shareholders' equity
Common stock & paid-in capital	CN¥20,012	CN¥20,360	CN¥23,336	CN¥23,000	CN¥23,000	CN¥23,000	CN¥22,000	CN¥5,148	CN¥0	CN¥0
Retained earnings (deficit)	−CN¥3.82B	−CN¥3.79B	−CN¥3.49B	−CN¥3.52B	−CN¥3.37B	−CN¥2.86B	−CN¥3.35B	−CN¥3.39B	−CN¥2.51B	−CN¥1.90B
Treasury stock	—	—	—	—	—	—	−CN¥168.6M	CN¥0	CN¥0	CN¥0
Accumulated other comprehensive income	CN¥444.8M	CN¥487.4M	CN¥415.2M	CN¥322.0M	−CN¥114.3M	CN¥10.9M	CN¥434.9M	CN¥325.6M	−CN¥31.6M	−CN¥9.5M
Minority interest	CN¥0	CN¥0	CN¥0	CN¥965	—	—	CN¥0	CN¥0	CN¥0	CN¥0
Total shareholders' equity	CN¥1.99B	CN¥4.21B	CN¥6.69B	CN¥6.56B	CN¥6.33B	CN¥6.94B	CN¥7.26B	−CN¥3.01B	−CN¥2.47B	−CN¥1.87B
Key figures
Total debt	CN¥8.0M	CN¥15.7M	CN¥21.5M	CN¥47.1M	CN¥61.7M	CN¥53.2M	CN¥642.0M	CN¥23.0M	CN¥333.2M	CN¥157.4M
Net cash (debt)	CN¥2.26B	CN¥4.07B	CN¥6.14B	CN¥6.51B	CN¥6.47B	CN¥7.46B	CN¥7.45B	CN¥5.54B	CN¥206.4M	CN¥359.4M
Working capital	CN¥1.50B	CN¥3.24B	CN¥5.31B	CN¥5.52B	CN¥5.38B	CN¥6.15B	CN¥6.81B	CN¥3.25B	−CN¥9.1M	CN¥152.0M
Tangible book value	CN¥1.92B	CN¥4.15B	CN¥6.57B	CN¥6.44B	CN¥6.16B	CN¥6.78B	CN¥7.03B	−CN¥3.16B	−CN¥2.49B	−CN¥1.89B
Shares outstanding	30.2M	30.8M	32.0M	32.0M	32.5M	33.0M	31.4M	8.1M	8.2M	8.6M
Current ratio	2.33	3.63	4.86	4.54	3.91	4.27	4.79	2.14	0.99	1.29
Quick ratio	2.30	3.60	4.79	4.30	3.66	4.10	4.63	2.08	0.89	1.21
Debt / equity	0.00	0.00	0.00	0.01	0.01	0.01	0.09	—	—	—
Equity / assets	63.7%	77.3%	82.9%	80.5%	77.7%	77.9%	79.8%	−46.4%	−239.4%	−240.6%

DouYu International Holdings Limited quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	CN¥2.30B	CN¥2.23B	CN¥2.26B	CN¥2.10B	CN¥2.12B	CN¥1.93B	CN¥4.09B	CN¥3.96B	CN¥6.04B	CN¥6.07B	CN¥6.16B	CN¥6.54B
Cash & equivalents	CN¥2.15B	CN¥1.73B	CN¥1.76B	CN¥1.55B	CN¥1.54B	CN¥1.85B	CN¥1.02B	CN¥2.01B	CN¥4.06B	CN¥3.68B	CN¥4.44B	CN¥4.21B
Short-term investments	CN¥156.5M	CN¥498.7M	CN¥502.5M	CN¥547.3M	CN¥583.7M	CN¥80.0M	CN¥3.07B	CN¥1.94B	CN¥1.97B	CN¥2.39B	CN¥1.72B	CN¥2.33B
Receivables	CN¥139.3M	CN¥125.3M	CN¥345.5M	CN¥145.6M	CN¥120.7M	CN¥110.8M	CN¥123.2M	CN¥120.2M	CN¥114.1M	CN¥142.6M	CN¥142.4M	CN¥131.4M
Inventory	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥26.1M	CN¥31.7M	CN¥1	CN¥63.7M
Other current assets	CN¥213.5M	CN¥220.5M	CN¥24.8M	CN¥244.8M	CN¥259.9M	CN¥259.8M	CN¥258.3M	CN¥320.4M	CN¥482.0M	CN¥538.8M	CN¥386.3M	CN¥354.2M
Total current assets	CN¥2.66B	CN¥2.58B	CN¥2.63B	CN¥2.49B	CN¥2.50B	CN¥2.30B	CN¥4.47B	CN¥4.40B	CN¥6.66B	CN¥6.79B	CN¥6.69B	CN¥7.09B
Property, plant & equipment (net)	CN¥21.8M	CN¥10.2M	CN¥12.9M	CN¥5.3M	CN¥18.7M	CN¥19.1M	CN¥22.9M	CN¥28.5M	CN¥14.4M	CN¥18.9M	CN¥36.6M	CN¥42.5M
Goodwill & intangible assets	CN¥22.9M	CN¥62.0M	CN¥67.2M	CN¥40.1M	CN¥45.2M	CN¥52.5M	CN¥60.9M	CN¥124.3M	CN¥141.7M	CN¥131.2M	CN¥120.7M	CN¥134.7M
Long-term investments	CN¥356.8M	CN¥378.0M	CN¥383.7M	CN¥496.7M	CN¥569.9M	CN¥737.7M	CN¥816.8M	CN¥830.6M	CN¥881.1M	CN¥1.04B	CN¥1.07B	CN¥1.03B
Other non-current assets	CN¥57.7M	CN¥23.2M	CN¥24.2M	CN¥74.7M	CN¥76.1M	CN¥89.7M	CN¥76.6M	CN¥125.1M	CN¥138.8M	CN¥158.3M	CN¥163.2M	CN¥93.6M
Total assets	CN¥3.12B	CN¥3.05B	CN¥3.12B	CN¥3.11B	CN¥3.21B	CN¥3.20B	CN¥5.45B	CN¥5.51B	CN¥7.83B	CN¥8.14B	CN¥8.07B	CN¥8.40B
Liabilities
Accounts payable	CN¥640.0M	CN¥546.1M	CN¥554.1M	CN¥510.5M	CN¥482.7M	CN¥490.0M	CN¥498.7M	CN¥457.0M	CN¥464.5M	CN¥522.1M	CN¥534.4M	CN¥569.0M
Short-term debt	CN¥6.7M	CN¥6.1M	CN¥6.7M	CN¥7.8M	CN¥12.1M	CN¥10.2M	CN¥11.5M	CN¥13.2M	CN¥4.5M	CN¥7.4M	—	CN¥17.3M
Deferred revenue	CN¥240.3M	CN¥236.3M	CN¥239.2M	CN¥242.7M	CN¥247.3M	CN¥251.9M	—	CN¥280.6M	CN¥281.3M	CN¥301.3M	—	CN¥364.1M
Total current liabilities	CN¥1.21B	CN¥1.06B	CN¥1.13B	CN¥1.10B	CN¥1.20B	CN¥1.23B	CN¥1.22B	CN¥1.21B	CN¥1.32B	CN¥1.55B	CN¥1.38B	CN¥1.56B
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	CN¥15.9M	CN¥7.0M	CN¥8.0M	CN¥9.8M	CN¥12.4M	CN¥12.5M	CN¥15.7M	CN¥20.1M	CN¥5.1M	CN¥8.6M	CN¥21.5M	CN¥26.6M
Other long-term liabilities	CN¥9.3M	CN¥875,000	CN¥1.3M	CN¥2.0M	CN¥220,000	CN¥2.3M	CN¥4.2M	CN¥7.0M	CN¥563,000	CN¥1.2M	CN¥6.7M	CN¥9.3M
Total liabilities	CN¥1.22B	CN¥1.06B	CN¥1.13B	CN¥1.10B	CN¥1.21B	CN¥1.23B	CN¥1.23B	CN¥1.22B	CN¥1.33B	CN¥1.55B	CN¥1.38B	CN¥1.56B
Shareholders' equity
Common stock & paid-in capital	CN¥20,007	CN¥20,000	CN¥20,360	CN¥20,000	CN¥20,000	CN¥20,000	CN¥20,000	CN¥20,000	CN¥23,000	CN¥23,000	CN¥23,000	CN¥23,000
Retained earnings (deficit)	−CN¥3.87B	−CN¥3.79B	−CN¥3.82B	−CN¥3.82B	−CN¥3.83B	−CN¥3.87B	−CN¥3.78B	−CN¥3.62B	−CN¥3.62B	−CN¥3.57B	−CN¥3.49B	−CN¥3.42B
Accumulated other comprehensive income	CN¥394.4M	CN¥419.3M	CN¥444.5M	CN¥462.5M	CN¥474.9M	CN¥479.3M	CN¥487.4M	CN¥390.2M	CN¥452.0M	CN¥425.6M	CN¥415.2M	CN¥495.7M
Minority interest	—	—	CN¥0	—	—	—	—	—	—	—	—	—
Total shareholders' equity	CN¥1.89B	CN¥1.99B	CN¥1.99B	CN¥2.00B	CN¥2.01B	CN¥1.97B	CN¥4.22B	CN¥4.29B	CN¥6.51B	CN¥6.59B	CN¥6.69B	CN¥6.83B
Key figures
Total debt	CN¥15.9M	CN¥7.0M	CN¥8.0M	CN¥9.7M	CN¥12.4M	CN¥12.5M	CN¥15.7M	CN¥20.1M	CN¥5.1M	CN¥8.6M	CN¥6.7M	CN¥26.6M
Net cash (debt)	CN¥2.29B	CN¥2.23B	CN¥2.25B	CN¥2.09B	CN¥2.11B	CN¥1.92B	CN¥4.07B	CN¥3.94B	CN¥6.03B	CN¥6.07B	CN¥6.15B	CN¥6.52B
Working capital	CN¥1.44B	CN¥1.52B	CN¥1.50B	CN¥1.39B	CN¥1.30B	CN¥1.07B	CN¥3.25B	CN¥3.18B	CN¥5.33B	CN¥5.24B	CN¥5.31B	CN¥5.54B
Tangible book value	CN¥1.87B	CN¥1.93B	CN¥1.92B	CN¥1.96B	CN¥1.96B	CN¥1.92B	CN¥4.16B	CN¥4.16B	CN¥6.37B	CN¥6.46B	CN¥6.57B	CN¥6.70B
Shares outstanding	30.2M	30.2M	30.2M	30.2M	30.2M	30.2M	301.8M	31.1M	31.1M	31.8M	32.0M	32.0M
Current ratio	2.19	2.43	2.33	2.26	2.08	1.88	3.66	3.62	5.03	4.39	4.86	4.56
Quick ratio	2.01	2.22	2.30	2.04	1.86	1.66	3.44	3.36	4.64	4.02	4.58	4.29
Debt / equity	0.01	0.00	0.00	0.00	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Equity / assets	60.7%	65.2%	63.7%	64.5%	62.5%	61.6%	77.5%	77.8%	83.1%	81.0%	82.9%	81.4%

Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported (latest annual report filed April 17, 2026); data from EODHD.

DOYU financial position

At the end of fiscal 2025 (December 31, 2025), DouYu International had total assets of CN¥3.1 billion (down 42.7% from a year earlier), total liabilities of CN¥1.1 billion and shareholders' equity of CN¥2.0 billion. It held CN¥2.3 billion in cash and short-term investments against CN¥8.0 million of debt, a net cash position of CN¥2.3 billion. Its current ratio was 2.33. In the latest quarter (ended June 30, 2026) total assets were CN¥3.1 billion and equity CN¥1.9 billion.

Related: DOYU income statement, DOYU cash flow statement, DOYU key metrics. See the DOYU stock overview for the latest quote and news.

DOYU balance sheet FAQ

What are DouYu International's total assets?

DouYu International reported total assets of CN¥3.1 billion at the end of fiscal 2025 (December 31, 2025), compared with CN¥5.4 billion a year earlier.

How much debt does DouYu International have?

DouYu International had CN¥8.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.00.

How much cash does DouYu International have?

DouYu International held CN¥2.3 billion in cash and short-term investments at the end of fiscal 2025; with CN¥8.0 million of debt that is net cash of CN¥2.3 billion.

What is DouYu International's book value?

DouYu International's shareholders' equity (book value) was CN¥2.0 billion at the end of fiscal 2025.

What is DouYu International's current ratio?

DouYu International had current assets of CN¥2.6 billion and current liabilities of CN¥1.1 billion, a current ratio of 2.33 (it can cover its short-term obligations).

How much goodwill does DouYu International have?

DouYu International carried CN¥67.2 million of goodwill and intangible assets, 2.2% of total assets, at the end of fiscal 2025.