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NET INCOME (LOSSES) PER SHARE ("EPS") | 6 Months Ended
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Jun. 30, 2025
NET INCOME (LOSSES) PER SHARE ("EPS") |
NET INCOME (LOSSES) PER SHARE ("EPS") | 13.NET INCOME (LOSSES) PER SHARE (“EPS”) Basic losses per share is computed using the weighted average number of the ordinary shares outstanding during the period. Diluted losses per share is computed using the weighted average number of ordinary shares and potential ordinary shares outstanding during the period under the treasury stock method. Basic and diluted EPS are the same for each class of ordinary share because they are entitled to the same liquidation and dividend rights. The following table sets forth the computation of basic and diluted net income per share for the six months ended June 30, 2024 and 2025: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the six months ended June 30,
​ |  | 2024 | ​ | 2025
​ | ​ | Class A |  | Class B |  | Class A |  | Class B
Basic EPS: | ​ | Ordinary Shares | ​ | Ordinary Shares | ​ | Ordinary Shares | ​ | Ordinary Shares
Numerator: | ​ |  | ​ |  | ​ |  | ​ |
Net income (loss) from continuing operations | ​ | 820,232 | ​ | 438,282 | ​ | (134,108,988) | ​ | (70,989,149)
Denominator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Number of shares used for Basic EPS computation (millions of shares) | ​ | 136.58 | ​ | 72.98 | ​ | 137.87 | ​ | 72.98
Basic EPS | ​ | 0.01 | ​ | 0.01 | ​ | (0.97) | ​ | (0.97)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the six months ended June 30,
​ |  | 2024 |  | 2025
​ | ​ | Class A |  | Class B | ​ | Class A |  | Class B
Basic EPS: | ​ | Ordinary Shares | ​ | Ordinary Shares | ​ | Ordinary Shares | ​ | Ordinary Shares
Numerator: | ​ |  | ​ |  | ​ |  | ​ |
Net income (loss) from continuing operations | ​ | 851,360 | ​ | 407,154 | ​ | (134,108,988) | ​ | (70,989,149)
Reallocation of net income as a result of conversion of Class B to Class A shares | ​ | 407,154 | ​ | — | ​ | (70,989,149) | ​ | —
Net income (loss) from continuing operations for diluted EPS | ​ | 1,258,514 | ​ | 407,154 | ​ | (205,098,137) | ​ | (70,989,149)
Denominator: (millions of shares) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Number of shares used for basic EPS computation | ​ | 136.58 | ​ | 72.98 | ​ | 137.87 | ​ | 72.98
Weighted average effect of dilutive securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Conversion of Class B to Class A ordinary shares | ​ | 72.98 | ​ | — | ​ | 72.98 | ​ | —
“Adjustments for dilutive share options (millions of shares)” | ​ | 16.02 | ​ | — | ​ | — | ​ | —
Number of shares used for diluted EPS computation | ​ | 225.58 | ​ | 72.98 | ​ | 210.85 | ​ | 72.98
Diluted EPS | ​ | 0.01 | ​ | 0.01 | ​ | (0.97) | ​ | (0.97)
​ 13.NET INCOME (LOSSES) PER SHARE (“EPS”) – CONTINUED ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the six months ended June 30,
​ |  | 2024 | ​ | 2025
​ | ​ | Class A |  | Class B |  | Class A |  | Class B
Basic EPS: | ​ | Ordinary Shares | ​ | Ordinary Shares | ​ | Ordinary Shares | ​ | Ordinary Shares
Numerator: | ​ |  | ​ |  | ​ |  | ​ |
Net income (loss) from discontinued operations | ​ | 15,071,798 | ​ | 8,053,447 | ​ | (106,234,781) | ​ | (56,234,237)
Denominator: | ​ |  | ​ |  | ​ |  | ​ |
Number of shares used for Basic EPS computation (millions of shares) | ​ | 136.58 | ​ | 72.98 | ​ | 137.87 | ​ | 72.98
Basic EPS | ​ | 0.11 | ​ | 0.11 | ​ | (0.77) | ​ | (0.77)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the six months ended June 30,
​ |  | 2024 | ​ | 2025
​ | ​ | Class A |  | Class B |  | Class A |  | Class B
​ | ​ | Ordinary Shares | ​ | Ordinary Shares | ​ | Ordinary Shares | ​ | Ordinary Shares
Numerator: | ​ |  | ​ |  | ​ |  | ​ |
Net income (loss) from discontinued operations | ​ | 15,643,729 | ​ | 7,481,516 | ​ | (106,234,781) | ​ | (56,234,237)
Reallocation of net income as a result of conversion of Class B to Class A shares | ​ | 7,481,516 | ​ | ​ | ​ | (56,234,237) | ​ | ​
Net income (loss) from discontinued operations for diluted EPS | ​ | 23,125,245 | ​ | 7,481,516 | ​ | (162,469,018) | ​ | (56,234,237)
Denominator: (millions of shares) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Number of shares used for basic EPS computation | ​ | 136.58 | ​ | 72.98 | ​ | 137.87 | ​ | 72.98
Weighted average effect of dilutive securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Conversion of Class B to Class A ordinary shares | ​ | 72.98 | ​ | ​ | ​ | 72.98 | ​ | ​
“Adjustments for dilutive share options (millions of shares)” | ​ | 16.02 | ​ | ​ | ​ | ​ | ​ | ​
Number of shares used for diluted EPS computation | ​ | 225.58 | ​ | 72.98 | ​ | 210.85 | ​ | 72.98
Diluted EPS | ​ | 0.10 | ​ | 0.10 | ​ | (0.77) | ​ | (0.77)
​

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