Renminbi

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

Retrieved on: 
Wednesday, September 13, 2023
Online, Jinjiang, Food, CCCC, Water quality, Sansing, Renminbi, Human voice, Voice of Vietnam, Sichuan opera, Water, Sport, City, Environment, Water resources, Tourism, Oil, Tea, Jin

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".

Aesthetic Medical International Reports First Half of 2023 Unaudited Financial Results

Retrieved on: 
Tuesday, September 5, 2023
Universe, Transfer, Exercise, International, Conversion, Speech, ADV, International Accounting Standards Board, Structure of the Federal Reserve System, Income tax, AIH, USD, Convertible, Anesthesia, EBITDA, Physician, International Financial Reporting Standards, Translation, Florida Board of Governors, Safety management system, Jubilee, Depreciation, Security (finance), Federal Reserve, RMB, Beauty salon, Video game, Cryptocurrency, Bookkeeping, Renminbi

EBITDA for the first half of 2023 was RMB22.4 million (USD3.1 million), compared with RMB44.8 million in the first half of 2022.

Key Points: 
  • EBITDA for the first half of 2023 was RMB22.4 million (USD3.1 million), compared with RMB44.8 million in the first half of 2022.
  • Adjusted EBITDA for the first half of 2023 was RMB26.7 million (USD3.7 million), compared with RMB58.0 million in the first half of 2022.
  • On the 28th of the same month, the “2023 Aesthetic Medical Industry Safe Beauty Initiative Ceremony” was successfully held.
  • You are encouraged to review the Company’s financial information in its entirety and not rely on a single financial measure.

ZTO Reports Second Quarter 2023 Unaudited Financial Results

Retrieved on: 
Tuesday, August 29, 2023
Table, Information technology, Share repurchase, VAT, ADS, Tax, H.10, GAAP, Government, History of the Federal Reserve System, EBITDA, Investment, III, Translation, Florida Board of Governors, Line, Depreciation, Transport, Automation, Pharmaceutical industry, Reinsurance, Security (finance), Cryptocurrency, Bank, Renminbi

SHANGHAI, Aug. 29, 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 second quarter ended June 30, 2023[1]. The Company grew parcel volume by 23.8% year over year and expanded market share to 23.5%. Adjusted net income increased 43.9%[2] to reach RMB2,531.0 million. Cash generated from operating activities was RMB3,761.6 million.

Key Points: 
  • Other costs were RMB952.4 million (US$131.3 million), a decrease of 13.9% from RMB1,105.6 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 8:30 PM U.S. Eastern Time on Tuesday, August 29, 2023 (8:30 AM Beijing Time on August 30, 2023).

Canaan Inc. Reports Unaudited Second Quarter 2023 Financial Results

Retrieved on: 
Tuesday, August 29, 2023
Bitcoin, Agreement, Pressure, Quarter, Marketing, ADS, Policy, Electricity, Research, Type, Person, ATM, PIN, Mining, Depreciation, Growth, A13, AI, Digital, Good, Total, Renminbi, Cryptocurrency, Video game, Bank, Beauty salon, Rare-earth element

SINGAPORE, Aug. 29, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended June 30, 2023.

Key Points: 
  • Mr. James Jin Cheng, Chief Financial Officer of Canaan, stated, "In the second quarter of 2023, we observed improvement in both our sales and mining activities, which contributed to our better-than-expected revenue performance.
  • Revenues in the second quarter of 2023 were US$73.9 million, as compared to US$55.2 million in the first quarter of 2023 and US$245.9 million in the same period of 2022.
  • Products revenue in the second quarter of 2023 was US$57.9 million, compared to US$44.1 million in the first quarter of 2023 and US$238.1 million in the same period of 2022.
  • From May 26, 2023, the date the Company reported its financial results for the first quarter of 2023, to August 29, 2023, the Company did not utilize the ATM for fundraising.

17 Education & Technology Group Inc. Announces Second Quarter 2023 Unaudited Financial Results

Retrieved on: 
Monday, August 28, 2023
Translation, Marketing, Income tax, GAAP, H.10, USD, K-12, Net, PIN, Investment, Research, RMB, Video game, Bank, Renminbi

Loss from operations for the second quarter of 2023 was RMB57.8 million (US$8.0 million), compared with RMB34.1 million in the second quarter of 2022.

Key Points: 
  • Loss from operations for the second quarter of 2023 was RMB57.8 million (US$8.0 million), compared with RMB34.1 million in the second quarter of 2022.
  • Loss from operations as a percentage of net revenues for the second quarter of 2023 was negative 83.5%, compared with negative 25.5% in the second quarter of 2022.
  • Net loss for the second quarter of 2023 was RMB47.9 million (US$6.6 million), compared with net loss of RMB26.4 million in the second quarter of 2022.
  • Net loss as a percentage of net revenues was negative 69.2% in the second quarter of 2023, compared with negative 19.8% in the second quarter of 2022.

eCargo delivers strong revenue and NPAT growth

Retrieved on: 
Monday, August 28, 2023
Supply Chain Management, Retail, Other Retail, Technology, Logistics, Transport, Electronic Commerce, Growth, E-commerce, Marketing, Renminbi, Property management, Online shopping

We benefitted from our company strategy of shifting focus from B2C eCommerce to B2B eCommerce, as international trade became more complex.

Key Points: 
  • We benefitted from our company strategy of shifting focus from B2C eCommerce to B2B eCommerce, as international trade became more complex.
  • This transition has been a year-long endeavour, and I am pleased to share that we have not only navigated through these challenges, but we have also prospered.
  • This success underscores the essential role of Flow in a market grappling with supply chain disturbances, geopolitical tensions, and continuous changes in import regulations.
  • “These factors led to a noticeable growth in all segments of our business, including profitability, despite making the strategic decision to invest in marketing our B2B eCommerce offering in the half, which we expect to drive continued growth going forward.”

Baozun Announces Second Quarter 2023 Unaudited Financial Results

Retrieved on: 
Monday, August 28, 2023
Omni, Total, Partnership, Authenticity, Marketing, Electronics, ADS, E-commerce, Tax, Segment, GAAP, Cosmetics, Federal Reserve Board of Governors, US, HKEX, Beauty, Acquisition, Investment, Translation, Authentic Brands Group, Growth, BEC, GMV, RMB, BBM, Video game, Cryptocurrency, Bank, Security (finance), Retail, Online shopping, Renminbi

SHANGHAI, Aug. 28, 2023 /PRNewswire/ -- Baozun Inc. (Nasdaq: BZUN and HKEX: 9991) ("Baozun", the "Company" or the "Group"), a leading brand e-commerce solution provider and digital commerce enabler in China, today announced its unaudited financial results for the second quarter ended June 30, 2023.

Key Points: 
  • SHANGHAI, Aug. 28, 2023 /PRNewswire/ -- Baozun Inc. (Nasdaq: BZUN and HKEX: 9991) ("Baozun", the "Company" or the "Group"), a leading brand e-commerce solution provider and digital commerce enabler in China, today announced its unaudited financial results for the second quarter ended June 30, 2023.
  • Mr. Arthur Yu, Chief Financial Officer of Baozun and President of BEC, commented, "In the second quarter of 2023, BEC once again achieved better year-over-year profits and cash flows, benefiting from our consistent efforts in enhancing value and reducing costs.
  • Currently, BBM mainly comprises product sales revenue of Gap Shanghai, and product sales for BBM in the second quarter of 2023 totaled RMB324.2 million.
  • Gross profit margin of product sales for BBM in the second quarter of 2023 was 51.9%.

FangDD Reports First Half 2023 Unaudited Financial Results

Retrieved on: 
Friday, August 25, 2023
National Bureau of Statistics of China, Marketing, ADS, GAAP, H.10, Research, Government, Federal Reserve Board of Governors, US, Investment, Translation, National Bureau of Economic Research, GMV, Cryptocurrency, Bank, PRC, Renminbi

SHENZHEN, China, Aug. 25, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a customer-oriented property technology company in China, today announced its unaudited financial results for the six months ended June 30, 2023.

Key Points: 
  • SHENZHEN, China, Aug. 25, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a customer-oriented property technology company in China, today announced its unaudited financial results for the six months ended June 30, 2023.
  • For the six months ended June 30, 2023, net cash used in operating activities was RMB160.1 million (US$22.1 million).
  • These non-GAAP financial measures should be considered in addition to financial measures prepared under GAAP, but should not be considered a substitute for, or superior to, financial measures prepared under 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.

TCL Electronics (01070.HK) Achieves Solid Growth in 2023 H1

Retrieved on: 
Friday, August 25, 2023
Augmented reality, Partnership, TCL, UI, Marketing, Internet, Internet of things, Farmer, Extended reality, TCL Electronics, GfK, Electronics, OTT, Globalization, Direct-to-consumer, Technology/Transformation: Wonder Woman, Creativity, NPD, Collaborative innovation network, JD, Tencent Video, Growth, City, Ecosystem, AI, Innovation, XR, Netflix, Lingkong Road station, AR, Roku, IQIYI, Dubai Shopping Festival, Film industry, Television, Retail, Video game, Renewable energy, Mobile phone, Clothing, PRC, Youku, Renminbi

HONG KONG, Aug. 25, 2023 /PRNewswire/ -- TCL Electronics Holdings Limited ("TCL Electronics" or the "Company", 01070.HK) today announced its interim results for the six months ended 30 June 2023 (the "Period"). Leveraging the mid-to-high-end strategy and the "TCL + Falcon" dual-brand strategy, its top-tier global brand influence, innovative technology capabilities, and the advantages of its vertically integrated industrial chain, TCL Electronics seized market opportunities during the Period, rapidly scaling up its business to achieve high-quality growth and steady operational improvements.

Key Points: 
  • In the first half of 2023, TCL smart screens recorded a 12.9% year-on-year increase in shipments to 11.46 million sets.
  • In addition to the solid development of its core business, TCL Electronics seized the opportunity to continuously develop the innovative business through its well-established advantages.
  • According to the latest ChinaIOL report on shipments in the first half of 2023, TCL air conditioners ranked fourth globally.
  • [2] Sources: GfK, TV shipments data from January 2023 to June 2023; NPD, TV retail sales data from January 2023 to June 2023
    [4] Statistical time interval of JD platform: 23 May 2023 to 18 June 2023; statistical time interval of Tmall platform: 31 May 2023 to 18 June 2023.

Kingsoft Cloud Announces Unaudited Second Quarter 2023 Financial Results

Retrieved on: 
Tuesday, August 22, 2023
Cloud, Tao, IDC, Federal Reserve Bank, KC, CDN, Social conditions in Honduras, Agility, Customer, Marketing, COVID-19, Calendar, Income tax, Research, Government, US, HKEX, EBITDA, PIN, Investment, Depreciation, Translation, Growth, AI, Annual report, RMB, Video game, Cryptocurrency, Bank, Kingsoft, Renminbi

BEIJING, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2023.

Key Points: 
  • BEIJING, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2023.
  • Our execution of these strategies is well reflected in the sustained robust growth momentum of our gross profit and Non-GAAP EBITDA in the second quarter of 2023.
  • Revenues from public cloud services decreased by 10.1% to RMB1,159.5 million (US$159.9 million), compared with RMB1,289.1 million in the same quarter of 2022.
  • Non-GAAP EBITDA margin was -3.3% this quarter, compared with -7.0% last quarter and -8.6% in the same quarter last year.