哔哩哔哩 2026年年度报告和过渡报告

Table of Contents Securities registered or to be registered pursuant to Section12(g) of the act: NoneSecurities for which there is a reporting obligation pursuant to section 15(d) of the act: None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report: As of December31, 2025, there were 414,718,112 ordinary shares outstanding, par value $0.0001 per share, being the sum of 79,700,010 ClassY ordinary sharesand 335,018,102 ClassZ ordinary shares (excluding 6,115,998 ClassZ ordinary shares issued and reserved for future issuance upon the exercising or vesting ofawards granted under our share incentive plans). Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.☒Yes☐No If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section13 or 15(d) of the SecuritiesExchange Act of 1934.☐Yes☒No Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definitions of“large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒ Non-accelerated filer Emerginggrowthcompany If an emerging growth company that prepare its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use theextended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section13(a) of the Exchange Act.,☐ †The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting StandardsCodification after April5, 2012. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of theregistrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: U.S. GAAP☒International Financial Reporting Standards as issued by the International Accounting Standards Board☐Other☐ If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.☐Item17☐Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☒No (APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS) Indicate by check mark whether theregistrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.☐Yes☐No Table of Contents TABLE OF CONTENTSINTRODUCTIONFORWARD-LOOKING STATEMENTSPartIItem1.IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERSItem2.OFFER STATISTICS AND EXPECTED TIMETABLEItem3.KEY INFORMATIONItem4.INFORMATION ON THE COMPANYItem4A.UNRESOLVED STAFF COMMENTSItem5.OPERATING AND FINANCIAL REVIEW AND PROSPECTSItem6.DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEESItem7.MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONSItem8.FINANCIAL INFORMATIONItem9.THE OFFER AND LISTINGItem10.ADDITIONAL INFORMATIONItem11.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKItem12.DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIESPartIIItem13.DEFA