Renminbi

iQIYI Announces Second Quarter 2023 Financial Results

Retrieved on: 
Tuesday, August 22, 2023
Online, Translation, Loss, Marketing, ADS, Calendar, Structure of the Federal Reserve System, ARM, Tax, H.10, USD, RSVP, PIN, Time in China, Investment, IQIYI, Florida Board of Governors, Growth, Research, Federal Reserve, Conference, RMB, Renminbi, Video game, Bank, Mobile phone, Pharmaceutical industry, Reinsurance, Internet service provider

The monthly average revenue per membership (ARM5) for the second quarter was RMB14.82, compared to RMB14.53 for the same period in 2022 and RMB14.35 for the first quarter in 2023, increasing 2% year over year.

Key Points: 
  • The monthly average revenue per membership (ARM5) for the second quarter was RMB14.82, compared to RMB14.53 for the same period in 2022 and RMB14.35 for the first quarter in 2023, increasing 2% year over year.
  • The average daily number of total subscribing members increased from 98.3 million for the second quarter in 2022 to 111.2 million for the second quarter in 2023.
  • Diluted net income attributable to iQIYI per ADS was RMB0.37 (US$0.05) for the second quarter of 2023, compared to diluted net loss attributable to iQIYI per ADS of RMB0.28 in the same period of 2022.
  • It will automatically direct you to the registration page of " iQIYI Second Quarter 2023 Earnings Conference Call", where you may fill in your details for RSVP.

Agora, Inc. Reports Second Quarter 2023 Financial Results

Retrieved on: 
Monday, August 21, 2023
Cloud, IPO, Loss, Table, Share repurchase, Marketing, Bank statement, COVID-19, API, RTE, Income tax, GAAP, Research, Rate, Prospectus, EBITDA, Acquisition, Investment, Depreciation, Growth, Security (finance), CEC, Total, Software, Mobile phone, Bank, Video game, Cryptocurrency, Clothing, Tourism, Rare-earth element, Arms industry, Real estate, Audit, Car rental, Agora, Shengwang Temple, Renminbi

SANTA CLARA, Calif., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Agora, Inc. (NASDAQ: API) (the “Company”), a pioneer and leader in real-time engagement technology, today announced its unaudited financial results for the second quarter ended June 30, 2023.

Key Points: 
  • SANTA CLARA, Calif., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Agora, Inc. (NASDAQ: API) (the “Company”), a pioneer and leader in real-time engagement technology, today announced its unaudited financial results for the second quarter ended June 30, 2023.
  • Net loss for the quarter was $45.3 million, compared to net loss of $30.7 million in the second quarter of 2022.
  • Adjusted EBITDA for the quarter was negative $6.6 million, compared to negative $15.3 million in the second quarter of 2022.
  • Other operating income was $0.4 million in the second quarter of 2023, compared to $0.2 million in the same period last year, primarily due to receiving government subsidies in the second quarter of 2023.

So-Young Reports Unaudited Second Quarter 2023 Financial Results

Retrieved on: 
Monday, August 21, 2023
Maintenance, Investment, Marketing, ADS, Disclosure, Structure of the Federal Reserve System, Information services, GAAP, Sale, Altrusa International, Inc, US, Acquisition, So-young, Translation, Florida Board of Governors, Maus, Growth, Entrepreneurship, Research, POP, Federal Reserve, RMB, Cryptocurrency, Video game, Retail, Music, Pharmaceutical industry, Renminbi

Number of medical service providers subscribing to information services on So-Young's platform were 1,659, compared with 2,622 in the second quarter of 2022.

Key Points: 
  • Number of medical service providers subscribing to information services on So-Young's platform were 1,659, compared with 2,622 in the second quarter of 2022.
  • Mr. Hui Zhao, Chief Financial Officer of So-Young, added, "Profitability improved significantly during the quarter.
  • Cost of revenues were RMB150.4 million (US$20.7 million), an increase of 43.9% from RMB104.5 million in the second quarter of 2022.
  • Total operating expenses were RMB282.4 million (US$38.9 million), an increase of 14.5% from RMB246.6 million in the second quarter of 2022.

Sunlands Technology Group Announces Unaudited Second Quarter 2023 Financial Results

Retrieved on: 
Friday, August 18, 2023
Capital expenditure, Information technology, Share repurchase, Marketing, STG, H.10, Mentorship, RMB, Federal Reserve Board of Governors, US, Student, PIN, Investment, Translation, Growth, NYSE, Tutoring, Pharmaceutical industry, Video game, Nursing, Drug, Arms industry, Cryptocurrency, Beauty salon, Clothing, Renminbi

BEIJING, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Sunlands Technology Group (NYSE: STG) (“Sunlands” or the “Company”), a leader in China’s online post-secondary and professional education, today announced its unaudited financial results for the second quarter ended June 30, 2023.

Key Points: 
  • BEIJING, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Sunlands Technology Group (NYSE: STG) (“Sunlands” or the “Company”), a leader in China’s online post-secondary and professional education, today announced its unaudited financial results for the second quarter ended June 30, 2023.
  • Gross profit increased by 0.7% to RMB466.9 million (US$64.4 million) in the second quarter of 2023 from RMB463.8 million in the second quarter of 2022.
  • Net income for the second quarter of 2023 was RMB173.9 million (US$24.0 million), as compared to RMB114.6 million in the second quarter of 2022.
  • Capital expenditures were RMB1.0 million (US$0.1 million) in the second quarter of 2023, as compared to RMB0.3 million in the second quarter of 2022.

Nano Labs Announces First Half of 2023 Financial Results

Retrieved on: 
Tuesday, August 15, 2023
Advertising, Marketing, NA, Research, US, PIN, Translation, Growth, RMB, Rare-earth element, Video game, Marble, Reinsurance, Online shopping, Pharmaceutical industry, Cryptocurrency, Bank, Internet service provider, Renminbi

HANGZHOU, China, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading fabless integrated circuit design company and product solution provider in China, today announced its unaudited financial results as of June 30, 2023 and for the first half of 2023 then ended.

Key Points: 
  • HANGZHOU, China, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading fabless integrated circuit design company and product solution provider in China, today announced its unaudited financial results as of June 30, 2023 and for the first half of 2023 then ended.
  • Net revenue was RMB52.3 million (US$7.2 million) for the first half of 2023, compared to a net revenue of RMB380.1 million for the same period of 2022.
  • Net loss was RMB134.3 million (US$18.6 million) for the first half of 2023, compared to a net income of RMB111.4 million for the same period of 2022.
  • The Company will host an earnings conference call to discuss its financial results at 8:00 am U.S. Eastern Time (8:00 pm Beijing Time) on August 15, 2023.

Cheetah Mobile Announces First Half 2023 Unaudited Consolidated Financial Results

Retrieved on: 
Friday, August 18, 2023
Operating cost, Advertising, Cheetah Mobile, Marketing, ADS, H.10, Research, RMB, Federal Reserve Board of Governors, US, Acquisition, Investment, Translation, Average cost, Growth, NYSE, Total, Bank, Rare-earth element, Pharmaceutical industry, Film industry, Health care, Cryptocurrency, AI, Renminbi

BEIJING, Aug. 18, 2023 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading internet company, today announced its unaudited consolidated financial results for the first half 2023 ended June 30, 2023.

Key Points: 
  • BEIJING, Aug. 18, 2023 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading internet company, today announced its unaudited consolidated financial results for the first half 2023 ended June 30, 2023.
  • Mr. Sheng Fu, Cheetah Mobile's Chairman and Chief Executive Officer, stated, "In the first half of 2023, Cheetah Mobile's total revenue was RMB337.4 million (USD46.5 million), aligning with our guidance.
  • Mr. Thomas Ren, Cheetah Mobile's Chief Financial Officer, commented, "In the first half of 2023, we continued prudent cost management practices that resulted in a reduction of our non-GAAP operating loss.
  • Net loss attributable to Cheetah Mobile shareholders was RMB277.4 million (US$38.3 million) in the first half of 2023, compared to a net loss attributable to Cheetah Mobile shareholders of RMB72.6 million in the same period of the last year.

Bright Scholar Announces Unaudited Financial Results for the Six Months of Fiscal 2023

Retrieved on: 
Wednesday, August 16, 2023
Translation, Table, Lancaster House, ADS, COVID-19, CATS, GAAP, H.10, Ratio, COVID, American Overseas School of Rome, School, EBITDA, Acquisition, Lifting, Depreciation, Growth, Letter, RMB, Performing arts, Holding company, Insurance, Real estate, Bookkeeping, Bank, Tourism, Health insurance, Marketing, Film industry, Reinsurance, Security (finance), Cryptocurrency, Renminbi

For more information on these adjusted financial measures, please see the section captioned under "Non-GAAP Financial Measures" and the tables captioned "Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this release.

Key Points: 
  • For more information on these adjusted financial measures, please see the section captioned under "Non-GAAP Financial Measures" and the tables captioned "Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this release.
  • UNAUDITED FINANCIAL RESULTS for FISCAL SIX Months ENDED February 28, 2023
    Revenue for the period was RMB977.5 million, representing an 11.9% increase from RMB873.5 million for the same period of the last fiscal year.
  • We present the non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans.
  • The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP.

Hollysys Automation Technologies Reports Unaudited Financial Results for the Fourth Quarter and the Fiscal Year Ended June 30, 2023

Retrieved on: 
Tuesday, August 15, 2023
Food, OBI, Traffic, Safety, Transport, Programmable logic controller, Distributed control system, Automation, Mechanical, MACS, Securities Industry Automation Corporation, Depreciation, Sinopec, Shipbuilding, Iron ore, Fast-moving consumer goods, Music, Bank, Pharmaceutical industry, Rail transport, Renminbi

BEIJING, Aug. 15, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys", the "Company" or "we"), a leading provider of automation and control technologies and applications in China, today announced its unaudited financial results for the fiscal year 2023 and the fourth quarter ended June 30, 2023.

Key Points: 
  • Unfavorable impact from depreciation of Renminbi against the U.S. dollar has adversely affected our revenues for fiscal year 2023.
  • BEIJING, Aug. 15, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys", the "Company" or "we"), a leading provider of automation and control technologies and applications in China, today announced its unaudited financial results for the fiscal year 2023 and the fourth quarter ended June 30, 2023.
  • In the fourth fiscal quarter, we also provided an integrated solution for a pharmaceutical company and received high user recognition.
  • Fiscal Year and the Fourth Quarter Ended June 30, 2023 Unaudited Financial Results Summary

Huize Partners with China Pacific Life Insurance (HK) to Launch “Jin Man Yi Zu Multi-Currency”– A Customized Whole Life Insurance Product for the Hong Kong Market

Retrieved on: 
Friday, August 11, 2023
Insurance, Partnership, China Pacific Insurance Company, GBA, Policy, Element, Retirement, City, Life insurance, Mainland, Huize County, Renminbi

SHENZHEN, China, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that its wholly owned subsidiary Huize Hong Kong Insurance Broker Limited has partnered with China Pacific Life Insurance (H.K.)

Key Points: 
  • SHENZHEN, China, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that its wholly owned subsidiary Huize Hong Kong Insurance Broker Limited has partnered with China Pacific Life Insurance (H.K.)
  • Company Limited to launch “Jin Man Yi Zu Multi-Currency”, an increasing whole life insurance product customized to meet the retirement planning and savings needs of insurance customers in Hong Kong.
  • Mr. Cunjun Ma, Chairman and Chief Executive Officer of Huize, commented, “We are pleased to extend the partnership with China Pacific Insurance to Hong Kong with the launch of an innovative new product to facilitate 'underwriting in Hong Kong and retirement in the Mainland'.
  • With this expanded partnership, we will explore further opportunities to provide cross-boundary insurance services in the GBA and develop market-leading products that address the growing demand among Hong Kong insurance customers for health protection, wealth management, and retirement planning.”

Amtech Reports Third Quarter Fiscal 2023 Results

Retrieved on: 
Wednesday, August 9, 2023
Other Manufacturing, Hardware, Engineering, Chemicals, Plastics, Technology, Semiconductor, Manufacturing, Other Technology, Bank statement, Calendar, GAAP, Temperature, ERP, Sale, Development, Acquisition, Research & Development Establishment (Engineers), Administration, BTU, Webcast, General Administration of Press and Publication, Video game, Bank, Cryptocurrency, Renminbi

The Company expects to incur amortization of acquired intangible assets relating to Entrepix, Inc. of approximately $985,000 per quarter through December 31, 2023, and approximately $460,000 per quarter thereafter.

Key Points: 
  • The Company expects to incur amortization of acquired intangible assets relating to Entrepix, Inc. of approximately $985,000 per quarter through December 31, 2023, and approximately $460,000 per quarter thereafter.
  • GAAP net loss for the third quarter of fiscal 2023 was $1.0 million, or 7 cents per share.
  • Non-GAAP net income for the third quarter of fiscal 2023 was $0.3 million, or 2 cents per share.
  • For the fourth fiscal quarter ending September 30, 2023, we expect revenue and operating profit to improve incrementally over the third quarter of fiscal 2023.