Renminbi

Sappi announces results for the third financial quarter 2023

Retrieved on: 
Thursday, August 3, 2023
Packaging, Environment, Forest Products, Manufacturing, Natural Resources, Textiles, Pressure, Somerset, Maintenance, Bleached Chemi-ThermoMechanical Pulp, Weakness, Share repurchase, EBITDA, BHK, DP, Verve, VSF, Paper, Growth, Sappi, Renminbi, Ngodwana, Pulp (paper), Retail, Cryptocurrency

Sappi delivered an EBITDA excluding special items of US$106 million against a backdrop of a challenging global economy and significantly weaker paper and pulp markets.

Key Points: 
  • Sappi delivered an EBITDA excluding special items of US$106 million against a backdrop of a challenging global economy and significantly weaker paper and pulp markets.
  • Net debt decreased by US$49 million from the prior quarter to US$1,176 million.
  • Continued weakness in graphic paper markets during the quarter was driven primarily by the destocking cycle and negative consumer sentiment.
  • Full details are available at www.sappi.com using the links Investors; Latest financial results

BorgWarner Reports Second Quarter 2023 Results, Reports Additional Progress Towards Charging Forward 2027

Retrieved on: 
Wednesday, August 2, 2023
BorgWarner, EPS, SSE, Renminbi, Vehicle registration plates of Nepal, NYSE, Fast fuel system, BWA, Euro

Net earnings for the second quarter 2023 were $204 million, or $0.87 per diluted share, compared with net earnings of $216 million, or $0.91 per diluted share, for the second quarter 2022.

Key Points: 
  • Net earnings for the second quarter 2023 were $204 million, or $0.87 per diluted share, compared with net earnings of $216 million, or $0.91 per diluted share, for the second quarter 2022.
  • Pro forma adjusted net earnings per diluted share for the second quarter 2023 were $1.05, up from pro forma adjusted net earnings per diluted share of $0.74 for the second quarter 2022.
  • ET today, a brief conference call concerning second quarter 2023 results and guidance will be webcast at: https://www.borgwarner.com/investors .
  • For more than 130 years, BorgWarner Inc. (NYSE: BWA) has been a transformative global product leader bringing successful mobility innovation to market.

Flywire Partners with Tencent Financial Technology to Streamline Global Tuition Payments from China

Retrieved on: 
Thursday, July 13, 2023
Partnership, Senior, Education, IIE, Tencent, Institute of International Education, Research, Language, WeChat Pay, School, Student, United Kingdom, Renminbi, Tutoring, Online shopping, Tourism, Fly wire

Through this direct partnership with Tencent, Flywire further streamlines the payment experience for students looking to make international tuition and other education-related payments from China.

Key Points: 
  • Through this direct partnership with Tencent, Flywire further streamlines the payment experience for students looking to make international tuition and other education-related payments from China.
  • Responding to increased demand for seamless, digital payment experiences
    The partnership between Flywire and Tencent Financial Technology applies the same, seamless experience Chinese consumers are used to in their daily transactions to cross-border education payments.
  • The partnership between Tencent Financial Technology and Flywire aims to rectify this gap and meet consumer demand for a seamless payment experience.Through Flywire, Chinese students can pay their education institution using Weixin Pay in their own currency (Renminbi).
  • Wenhui Yang, General Manager, Tencent Financial Technology Asia Pacific, said, "We are always looking for better ways to serve our users.

iHuman Inc. Announces First Quarter 2023 Unaudited Financial Results

Retrieved on: 
Wednesday, June 21, 2023
Dai, Telecom, Post, Marketing, ADS, IH, Structure of the Federal Reserve System, GAAP, Information technology, Ratio, Creativity, Ministry, RMB, Investment, Florida Board of Governors, Reading, Maus, Apple, Growth, Ecosystem, Research, Annual report, Federal Reserve, NYSE, Video game, Health care, Insurance, Mobile phone, Real estate, Bank, Renminbi

BEIJING, June 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 first quarter ended March 31, 2023.

Key Points: 
  • BEIJING, June 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 first quarter ended March 31, 2023.
  • Please see "Non-GAAP Financial Measures" and "Unaudited Reconciliation of GAAP and non-GAAP Results" at the end of this press release.
  • Dr. Peng Dai, Director and Chief Executive Officer of iHuman, commented, "I am pleased to announce a strong start to 2023, with another quarter of growth in both our top- and bottom-lines.
  • During the quarter, we launched "Creative Zone", an interactive module within iHuman Coding that enables children to share their coding projects with peers, both within and outside the app.

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

Retrieved on: 
Wednesday, June 14, 2023
Workforce, Translation, Marketing, Income tax, GAAP, H.10, USD, ID, PIN, Investment, Research, RMB, Video game, Bank, Renminbi

Loss from operations for the first quarter of 2023 was RMB104.0 million (US$15.1 million), compared with RMB29.1 million in the first quarter of 2022.

Key Points: 
  • Loss from operations for the first quarter of 2023 was RMB104.0 million (US$15.1 million), compared with RMB29.1 million in the first quarter of 2022.
  • Net loss for the first quarter of 2023 was RMB92.5 million (US$13.5 million), compared with net loss of RMB24.8 million in the first quarter of 2022.
  • Net loss as a percentage of net revenues was negative 997.9% in the first quarter of 2023, compared with negative 10.6% in the first quarter of 2022.
  • The Company will hold a conference call on Wednesday, June 14, 2023 at 9:00 p.m. U.S. Eastern Time (Thursday, June 15, 2023 at 9:00 a.m. Beijing time) to discuss the financial results for the first quarter of 2023.

Tuniu Announces Unaudited First Quarter 2023 Financial Results

Retrieved on: 
Friday, June 9, 2023
Travel, Marketing, GAAP, Research, Investment, Growth, Cryptocurrency, Video game, Tourism, Arms industry, Bank, Tuniu, Renminbi

NANJING, China, June 9, 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 first quarter ended March 31, 2023.

Key Points: 
  • NANJING, China, June 9, 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 first quarter ended March 31, 2023.
  • "We are pleased to see a robust rebound in our business during the first quarter of 2023.
  • Net loss was RMB7.5 million (US$1.1 million) in the first quarter of 2023, compared to a net loss of RMB41.7 million in the first quarter of 2022.
  • Tuniu's management will hold an earnings conference call at 8:00 am U.S. Eastern Time, on June 9, 2023, (8:00 pm, Beijing/Hong Kong Time, on June 9, 2023) to discuss the first quarter 2023 financial results.

Agora, Inc. Reports First Quarter 2023 Financial Results

Retrieved on: 
Tuesday, May 30, 2023
Platform as a service, IPO, Loss, Table, Share repurchase, Marketing, VAT, Bank statement, Software, ADS, API, COVID-19, RTE, Income tax, GAAP, Rate, New product development, Prospectus, International use of the U.S. dollar, EBITDA, Acquisition, Investment, Depreciation, Growth, Security (finance), Research, Total, Beijing University of Posts and Telecommunications, Management, Video game, Cryptocurrency, Pharmaceutical industry, Health care, Bank, Car rental, Real estate, ChinaCache, Telecommunications, Agora, Shengwang Temple, Renminbi

Net loss for the quarter was $16.8 million, compared to net loss of $26.9 million in the first quarter of 2022.

Key Points: 
  • Net loss for the quarter was $16.8 million, compared to net loss of $26.9 million in the first quarter of 2022.
  • Adjusted EBITDA for the quarter was negative $6.4 million, compared to negative $16.4 million in the first quarter of 2022.
  • Total cash, cash equivalents, bank deposits and financial products issued by banks as of March 31, 2023 was $416.5 million.
  • The Company uses these non-GAAP financial measures internally in analyzing its financial results and believe that the use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing its financial results with other companies in its industry, many of which present similar non-GAAP financial measures.

PDD Holdings Announces First Quarter 2023 Unaudited Financial Results

Retrieved on: 
Friday, May 26, 2023
Advertising, IST, Marketing, ADS, PDD, Federal Reserve Board of Governors, US, Investment, Translation, Webcast, Growth, Ecosystem, Research, Annual report, Environment, RMB, Cryptocurrency, Video game, Bank, PRC, Renminbi

DUBLIN and SHANGHAI, May 26, 2023 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD), today announced its unaudited financial results for the first quarter ended March 31, 2023.

Key Points: 
  • DUBLIN and SHANGHAI, May 26, 2023 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD), today announced its unaudited financial results for the first quarter ended March 31, 2023.
  • Total revenues in the quarter were RMB37,637.1 million (US$15,480.4 million), an increase of 58% from RMB23,793.7 million in the same quarter of 2022.
  • Operating profit in the quarter was RMB6,929.0 million (US$1,008.9 million), an increase of 222% from RMB2,154.4 million in the same quarter of 2022.
  • Non-GAAP2 operating profit in the quarter was RMB8,462.4 million (US$1,232.2 million), an increase of 130% from RMB3,677.2 million in the same quarter of 2022.

Sunlands Technology Group Announces Unaudited First Quarter 2023 Financial Results

Retrieved on: 
Thursday, May 25, 2023
Capital expenditure, Information technology, Marketing, STG, H.10, Mentorship, RMB, Federal Reserve Board of Governors, US, Student, PIN, Acquisition, Investment, Translation, Growth, Development, NYSE, Cryptocurrency, Video game, Reinsurance, Nursing, Tutoring, Retail, Drug, Renminbi

BEIJING, May 25, 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 first quarter ended March 31, 2023.

Key Points: 
  • BEIJING, May 25, 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 first quarter ended March 31, 2023.
  • Other income was RMB8.8 million (US$1.3 million) in the first quarter of 2023, as compared to RMB9.6 million in the first quarter of 2022.
  • Net income for the first quarter of 2023 was RMB180.1 million (US$26.2 million), as compared to RMB179.4 million in the first quarter of 2022.
  • Sunlands’ management team will host a conference call at 7:00 AM U.S. Eastern Time, (7:00 PM Beijing/Hong Kong time) on May 25, 2023, following the quarterly results announcement.

Kingsoft Cloud Announces Unaudited First Quarter 2023 Financial Results

Retrieved on: 
Tuesday, May 23, 2023
Cloud, Tao, Operating cost, Total revenue share, Federal Reserve Bank, IDC, KC, CDN, Social conditions in Honduras, Customer, Marketing, Infection, COVID-19, Calendar, GAAP, Government, US, HKEX, EBITDA, PIN, Investment, Depreciation, Chinese New Year, Translation, Average cost, Growth, Non, Research, Annual report, RMB, Tourism, Cryptocurrency, Video game, Bank, Kingsoft, Renminbi

BEIJING, May 23, 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 first quarter ended March 31, 2023.

Key Points: 
  • BEIJING, May 23, 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 first quarter ended March 31, 2023.
  • Revenues from public cloud services decreased by 16.4% to RMB1,153.7 million (US$168.0 million), compared with RMB1,380.8 million in the same quarter of 2022.
  • Revenues from enterprise cloud services were RMB710.0 million (US$103.4 million), representing a decrease of 10.4% from RMB792.5 million in the same quarter of 2022.
  • Non-GAAP EBITDA margin was-7.0% this quarter, compared with -11.5% last quarter and -6.6% in the same quarter last year.