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Tuniu Announces Unaudited Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 21, 2023

NANJING, China, Nov. 21, 2023 /PRNewswire/ -- Tuniu Corporation (NASDAQ: TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced its unaudited financial results for the third quarter ended September 30, 2023.

Key Points: 
  • NANJING, China, Nov. 21, 2023 /PRNewswire/ -- Tuniu Corporation (NASDAQ: TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced its unaudited financial results for the third quarter ended September 30, 2023.
  • Net income in the third quarter of 2023 was RMB39.1 million (US$5.4 million), compared to a net loss of RMB23.5 million in the third quarter of 2022.
  • Non-GAAP net income in the third quarter of 2023 was RMB45.5 million (US$6.2 million), compared to a Non-GAAP net loss of RMB21.6 million in the third quarter of 2022.
  • Tuniu's management will hold an earnings conference call at 8:00 am U.S. Eastern Time, on November 21, 2023, (9:00 pm, Beijing/Hong Kong Time, on November 21, 2023) to discuss the third quarter 2023 financial results.

Yatsen Announces Third Quarter 2023 Financial Results and Upsizing and Extension of Share Repurchase Program

Retrieved on: 
Tuesday, November 21, 2023

GUANGZHOU, China, Nov. 21, 2023 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading China-based beauty group, today announced its unaudited financial results for the third quarter ended September 30, 2023, and upsizing and extension of the share repurchase program.

Key Points: 
  • Gross margin for the third quarter of 2023 was 71.4%, as compared with 68.9% for the prior year period.
  • Net loss for the third quarter of 2023 decreased by 6.1% to RMB197.9 million (US$27.1 million) from RMB210.7 million for the prior year period.
  • Our clinical and premium skincare brands, including Galénic, DR.WU and Eve Lom, recorded growth in combined net revenues for another quarter.
  • Gross margin for the third quarter of 2023 increased to 71.4% from 68.9% for the prior year period.

So-Young Reports Unaudited Third Quarter 2023 Financial Results

Retrieved on: 
Monday, November 20, 2023

Mr. Xing Jin, Co-Founder and Chief Executive Officer of So-Young, commented, "Our business remained resilient and delivered solid financial and operational results during the quarter despite macroeconomic headwinds and the effects of seasonality.

Key Points: 
  • Mr. Xing Jin, Co-Founder and Chief Executive Officer of So-Young, commented, "Our business remained resilient and delivered solid financial and operational results during the quarter despite macroeconomic headwinds and the effects of seasonality.
  • All these are not reflected in the presentation of the non-GAAP financial measures, but should be considered in the overall evaluation of the Company's results.
  • These non-GAAP financial measures should be considered in addition to financial measures prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP.
  • Reconciliation of each of these non-GAAP financial measures to the most directly comparable GAAP financial measure is set forth at the end of this release.

ZTO Reports Third Quarter 2023 Unaudited Financial Results

Retrieved on: 
Thursday, November 16, 2023

SHANGHAI, Nov. 16, 2023 /PRNewswire/ -- ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057), a leading and fast-growing express delivery company in China ("ZTO" or the "Company"), today announced its unaudited financial results for the third quarter ended September 30, 2023[1]. The Company grew parcel volume by 18.1% year over year and expanded market share to 22.4%. Adjusted net income increased 25.0%[2] year over year to reach RMB2,340.7 million. Net cash generated from operating activities was RMB2,938.1 million.

Key Points: 
  • Other costs were RMB736.5 million (US$100.9 million), a decrease of 31.0% from RMB1,067.9 million in the same period last year.
  • Reconciliations of the Company's non-GAAP financial measures to its U.S. GAAP financial measures are shown in tables at the end of this earnings release, which provide more details about the non-GAAP financial measures.
  • ZTO encourages investors and others to review the Company's financial information in its entirety and not rely on a single financial measure.
  • ZTO's management team will host an earnings conference call at 7:30 PM U.S. Eastern Time on November 16, 2023 (8:30 AM Beijing Time on November 17, 2023).

Canadian Solar Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 14, 2023

GUELPH, ON, Nov. 14, 2023 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • GUELPH, ON, Nov. 14, 2023 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the third quarter ended September 30, 2023.
  • Yan Zhuang, President of Canadian Solar's CSI Solar subsidiary, said, "CSI Solar achieved shipment growth and healthy margin improvement in the third quarter of 2023 despite the challenging market conditions.
  • Total operating expenses in the third quarter of 2023 were $225 million, compared to $216 million in the second quarter of 2023 and $274 million in the third quarter of 2022.
  • Depreciation and amortization charges in the third quarter of 2023 were $76 million, compared to $73 million in the second quarter of 2023 and $56 million in the third quarter of 2022.

Interface Reports Third Quarter 2023 Results

Retrieved on: 
Friday, November 3, 2023

Interface, Inc. (Nasdaq: TILE), a worldwide commercial flooring company and global leader in sustainability, today announced results for the third quarter ended October 1, 2023.

Key Points: 
  • Interface, Inc. (Nasdaq: TILE), a worldwide commercial flooring company and global leader in sustainability, today announced results for the third quarter ended October 1, 2023.
  • Third quarter 2023 adjusted operating income ("AOI") was $32.4 million versus AOI of $31.2 million in the third quarter of 2022.
  • Third quarter 2023 adjusted net income was $16.4 million, or $0.28 per diluted share, versus third quarter 2022 adjusted net income of $17.4 million, or $0.30 per diluted share.
  • Interface will host a conference call on November 3, 2023, at 8:00 a.m. Eastern Time, to discuss its third quarter 2023 results.

U Power Limited Reports First Half of Fiscal Year 2023 Financial Results

Retrieved on: 
Tuesday, October 10, 2023

SHANGHAI, Oct. 10, 2023 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced its unaudited financial results for the six months ended June 30, 2023.

Key Points: 
  • SHANGHAI, Oct. 10, 2023 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced its unaudited financial results for the six months ended June 30, 2023.
  • We devoted ourselves to completing our U.S. initial public offering in a timely manner, which caused certain impacts on our financial performance.
  • The decrease was mainly due to the decrease in product sales of swapping-stations for the six months ended June 30, 2023.
  • The decrease was primarily due to the decrease of certain performance-related expenses for the six months ended June 30, 2023.

Bright Scholar Announces Unaudited Financial Results for the Third Fiscal Quarter of Fiscal 2023

Retrieved on: 
Wednesday, September 27, 2023

For the third fiscal quarter, revenue amounted to RMB221.8 million, representing an 18.1% increase compared to RMB187.9 million in the same fiscal quarter last year, and accounted for 37.8% of the total revenue.

Key Points: 
  • For the third fiscal quarter, revenue amounted to RMB221.8 million, representing an 18.1% increase compared to RMB187.9 million in the same fiscal quarter last year, and accounted for 37.8% of the total revenue.
  • For the third fiscal quarter, revenue amounted to RMB207.5 million, representing a 50.4% increase compared to RMB138.0 million in the same fiscal quarter last year, and accounted for 35.4% of the total revenue.
  • UNAUDITED FINANCIAL RESULTS FOR THE THIRD FISCAL QUARTER ENDED MAY 31, 2023
    Revenue for the third fiscal quarter was RMB586.4 million, representing a 34.0% increase from RMB437.5 million for the same quarter of the last fiscal year.
  • Operating margin was 12.6% for the third fiscal quarter, as compared to 4.4% for the same quarter of the last fiscal year.

iHuman Inc. Announces Second Quarter 2023 Unaudited Financial Results

Retrieved on: 
Thursday, September 21, 2023

BEIJING, Sept. 21, 2023 /PRNewswire/ -- iHuman Inc. (NYSE: IH) ("iHuman" or the "Company"), a leading provider of tech-powered, intellectual development products in China, today announced its unaudited financial results for the second quarter ended June 30, 2023.

Key Points: 
  • BEIJING, Sept. 21, 2023 /PRNewswire/ -- iHuman Inc. (NYSE: IH) ("iHuman" or the "Company"), a leading provider of tech-powered, intellectual development products in China, today announced its unaudited financial results for the second quarter ended June 30, 2023.
  • Average total MAUs[2] for the second quarter were 20.33 million, a year-over-year increase of 11.7%.
  • Ms. Vivien Weiwei Wang, Director and Chief Financial Officer of iHuman, added, "We reported another solid set of results which reflects our commitment and continued focus on driving sustainable growth and profitability.
  • Please see "Non-GAAP Financial Measures" and "Unaudited Reconciliation of GAAP and non-GAAP Results" at the end of this press release.

Huanqiu: Livable environment, sophisticated water management system in China's Chengdu impress foreign journalists

Retrieved on: 
Wednesday, September 13, 2023

Notably, the city's water management model got a high score of 9 out of 10 from the journalists in a questionnaire.

Key Points: 
  • Notably, the city's water management model got a high score of 9 out of 10 from the journalists in a questionnaire.
  • During a visit to Chengdu's river and lake protection and smart water affairs center, foreign journalists discovered the key to the city's success in empowering development through efficient water management: a sophisticated water management system centering on a smart platform for the management of the Jinjiang River basin.
  • At a symposium on the significance of water management to city development, foreign journalists developed a better understanding of Chengdu's efforts to employ sci-tech achievements in smart water affairs management, and had engaging discussions with experts on topics including water resources management and protection.
  • Following the field visits and symposium, foreign journalists were full of praise for Chengdu's water management system and frequently described Chengdu as "modern", "livable", and "sustainable".