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EARNINGS (LOSSES) PER SHARE
 12 Months Ended
Dec. 31, 2024
EARNINGS (LOSSES) PER SHARE  
EARNINGS (LOSSES) PER SHARE

13.EARNINGS (LOSSES) PER SHARE

The following table sets forth the computation of basic and diluted earnings (losses) per share for the years indicated:

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Years Ended December 31, 

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2022

    

2023

    

2024

Net (loss) income attributable to ordinary shareholders — basic

 

(1,821)

 

4,085

 

3,048

Net (loss) income attributable to ordinary shareholders — diluted

 

(1,821)

 

4,205

 

3,160

Weighted average ordinary shares outstanding — basic

 

3,111,196,757

 

3,183,163,131

 

3,115,130,107

Incremental weighted-average ordinary shares from assumed exercise of share options and nonvested restricted stocks using the treasury stock method

 

—

 

44,331,080

 

36,507,943

Dilutive effect of convertible senior notes

 

—

 

123,927,000

 

126,670,240

Weighted average ordinary shares outstanding — diluted

 

3,111,196,757

 

3,351,421,211

 

3,278,308,290

Basic (losses) earnings per share

 

(0.59)

 

1.28

 

0.98

Diluted (losses) earnings per share

 

(0.59)

 

1.25

 

0.96

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For the years ended December 31, 2022, 2023 and 2024, the Group had securities which could potentially dilute basic earnings per share in the future, but which were excluded from the computation of diluted earnings per share as their effects would have been anti-dilutive. Such outstanding securities consist of the following at non-weighted basis:

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As of December 31, 

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2022

    

2023

    

2024

Outstanding employee options and nonvested restricted stocks

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76,939,150

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53,132,230

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45,194,870

Shares of convertible senior notes

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120,601,000

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Total

 

197,540,150

 

53,132,230

 

45,194,870

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In accordance with ASC Topic 470-20, although legally issued, the loaned ADSs in connection with the “2022 Notes” are not considered outstanding, and then excluded from basic and diluted earnings per share unless default of the ADS lending arrangement occurs, at which time the Loaned ADSs would be included in the basic and diluted earnings per share calculation.

All these Loaned ADSs had been returned to the Company with the maturity of 2022 Notes on November 1, 2022 and was accounted for as an increase to the treasury shares.