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Canaan Inc. Reports Unaudited First Quarter 2023 Financial Results

Retrieved on: 
Friday, May 26, 2023
Marketing, Cipher, Bank statement, ADS, Electricity, Research, History, ATM, PIN, Investment, Mining, Depreciation, A13, AI, Quarter, Total, Cryptocurrency, Video game, Bank, Bitcoin, Renminbi

SINGAPORE, May 26, 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 March 31, 2023.

Key Points: 
  • - Total Computing Power Sold Rebounded to 4.2 Million Thash/s, up 126.8% QoQ -
    SINGAPORE, May 26, 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 March 31, 2023.
  • The Company has applied the change of reporting currency retrospectively to its historical results of operations and financial statements.
  • Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, commented, "The first quarter of 2023 was a challenging start.
  • From March 7, 2023, the date the Company reported its financial results for the fourth quarter of 2022, to May 25, 2023, the Company utilized the ATM for a small amount of fundraising to test the financing facility.

So-Young Reports Unaudited First Quarter 2023 Financial Results

Retrieved on: 
Monday, May 22, 2023
Maintenance, Investment, Marketing, ADS, COVID-19, Disclosure, Structure of the Federal Reserve System, Information services, GAAP, Sale, In re Caremark International Inc. Derivative Litigation, US, Acquisition, So-young, Translation, Florida Board of Governors, Maus, City, Entrepreneurship, Research, Federal Reserve, RMB, Total, Cryptocurrency, Video game, Music, Pharmaceutical industry, Bank, Renminbi

BEIJING, May 22, 2023 /PRNewswire/ -- So-Young International Inc. (Nasdaq: SY) ("So-Young" or the "Company"), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced its unaudited financial results for the first quarter ended March 31, 2023.

Key Points: 
  • BEIJING, May 22, 2023 /PRNewswire/ -- So-Young International Inc. (Nasdaq: SY) ("So-Young" or the "Company"), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced its unaudited financial results for the first quarter ended March 31, 2023.
  • Total revenues for the first quarter reached RMB310.1 million, a year-on-year increase of 3.2%, exceeding the high end of our previous guidance."
  • 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 First Quarter 2023 Unaudited Financial Results

Retrieved on: 
Wednesday, May 17, 2023
Table, Share repurchase, VAT, ADS, Hong Kong Stock Exchange, Stock exchange, GAAP, H.10, Motherboard, Structure of the Federal Reserve System, EBITDA, Translation, Florida Board of Governors, Line, Depreciation, Transport, Automation, Fine chemical, Film industry, Pharmaceutical industry, Health insurance, Music, Bank, Reinsurance, Bookkeeping, Cryptocurrency, Security (finance), Renminbi

SHANGHAI, May 17, 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 first quarter ended March 31, 2023[1]. The Company grew parcel volume by 20.5% year over year and expanded market share by 1.8 percentage points to 23.4% while maintaining high quality of service and customer satisfaction. Adjusted net income [2] increased 82.1% to reach RMB1,919.8 million. Cash generated from operating activities was RMB2,738.0 million.

Key Points: 
  • As of March 31, 2023, 454 sets of automated sorting equipment were in service, compared to 422 sets as of March 31, 2022.
  • 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 Wednesday, May 17, 2023 (8:30 AM Beijing Time on Thursday, May 18, 2023).

Aesthetic Medical International Reports First Quarter 2023 Unaudited Financial Results

Retrieved on: 
Wednesday, May 17, 2023
Agreement, Primary energy, International, International Accounting Standards Board, Structure of the Federal Reserve System, Income tax, USD, SOP, EBITDA, Translation, Florida Board of Governors, Depreciation, Development, Federal Reserve, RMB, Video game, Cryptocurrency, Bookkeeping, Security (finance), Renminbi

EBITDA for the first quarter of 2023 was a profit of RMB19.9 million (USD2.9 million), compared with RMB20.0 million in the first quarter of 2022.

Key Points: 
  • EBITDA for the first quarter of 2023 was a profit of RMB19.9 million (USD2.9 million), compared with RMB20.0 million in the first quarter of 2022.
  • Adjusted EBITDA for the first quarter of 2023 was RMB23.7 million (USD3.5 million), compared with RMB26.9 million in the first quarter of 2022.
  • Adjusted profit after tax for the first quarter of 2023 was RMB4.0 million (USD0.6 million), compared with RMB4.3 million in the first quarter of 2022.
  • You are encouraged to review the Company’s financial information in its entirety and not rely on a single financial measure.

iQIYI Announces First Quarter 2023 Financial Results

Retrieved on: 
Tuesday, May 16, 2023
Online, Translation, Marketing, ADS, Calendar, Structure of the Federal Reserve System, ARM, Tax, H.10, USD, RSVP, US, PIN, Time in China, Florida Board of Governors, Growth, Research, Federal Reserve, RMB, Conference, Renminbi, Video game, Mobile phone, Health insurance, Internet service provider

[5] The monthly ARM for the quarter is calculated by dividing our total revenues from membership services during a given quarter by the average daily number of total subscribing members for that quarter and the number of months in the quarter.

Key Points: 
  • [5] The monthly ARM for the quarter is calculated by dividing our total revenues from membership services during a given quarter by the average daily number of total subscribing members for that quarter and the number of months in the quarter.
  • The average daily number of total subscribing members increased from 101.4 million for the first quarter in 2022 to 128.9 million for the first quarter in 2023.
  • Diluted net income attributable to iQIYI per ADS was RMB0.64 (US$0.09) for the first quarter of 2023, compared to diluted net income attributable to iQIYI per ADS of RMB0.21 in the same period of 2022.
  • It will automatically direct you to the registration page of "iQIYI First Quarter 2023 Earnings Conference Call", where you may fill in your details for RSVP.

Amtech Reports Second Quarter Fiscal 2023 Results

Retrieved on: 
Wednesday, May 10, 2023
Engineering, Semiconductor, Chemicals, Plastics, Technology, Manufacturing, Other Technology, Hardware, SG, Bank statement, Calendar, GAAP, Temperature, ERP, Development, Acquisition, Research & Development Establishment (Engineers), Administration, Webcast, Research, General Administration of Press and Publication, Bank, Renminbi

Gross margin was relatively consistent when compared to the second quarter of fiscal 2022.

Key Points: 
  • Gross margin was relatively consistent when compared to the second quarter of fiscal 2022.
  • GAAP net income for the second quarter of fiscal 2023 was $3.2 million, or 23 cents per share.
  • Non-GAAP net income for the second quarter of fiscal 2023 was $2.7 million, or 19 cents per share.
  • ET to discuss our fiscal second quarter financial results.

Nissin Foods Announces 2023 Q1 Financial Results

Retrieved on: 
Wednesday, May 10, 2023
Depreciation, Growth, Yoy, Renminbi, Nissin Foods, Property management, Mainland China

HONG KONG, May 10, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods" or the "Company", together with its subsidiaries, the "Group"; Stock code: 1475) today announced its unaudited first quarter financial results for the three months ended 31 March 2023 ("the Reporting Period").

Key Points: 
  • HONG KONG, May 10, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods" or the "Company", together with its subsidiaries, the "Group"; Stock code: 1475) today announced its unaudited first quarter financial results for the three months ended 31 March 2023 ("the Reporting Period").
  • Gross profit grew 8.8% YoY to HK$362.1 million (2022: HK$332.8 million).
  • Profit attributable to owners of the Company grew 22.3% to HK$110.5 million (2022: HK$90.3 million).
  • Mr Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "We are delighted to see that our business has recorded double-digit profit growth compared with pre-pandemic levels.

HKEX Welcomes Launch of Swap Connect

Retrieved on: 
Friday, May 5, 2023
Connect, Hong Kong Monetary Authority, SFC, Clear, Bank of China, HKEX, Securities and Futures Commission, PBOC, OTC, Otc clearing, Bank, Security (finance), Northbound, Renminbi

HONG KONG, May 5, 2023 /PRNewswire/ -- Hong Kong Exchanges and Clearing Limited (HKEX) welcomes the joint news release today (Friday) by the People's Bank of China (PBOC), Hong Kong Securities and Futures Commission (SFC) and Hong Kong Monetary Authority on the launch of Swap Connect, the new mutual access programme between Hong Kong and Mainland China's interbank interest rate swap markets.

Key Points: 
  • HONG KONG, May 5, 2023 /PRNewswire/ -- Hong Kong Exchanges and Clearing Limited (HKEX) welcomes the joint news release today (Friday) by the People's Bank of China (PBOC), Hong Kong Securities and Futures Commission (SFC) and Hong Kong Monetary Authority on the launch of Swap Connect, the new mutual access programme between Hong Kong and Mainland China's interbank interest rate swap markets.
  • As confirmed in the announcement, Swap Connect will launch on 15 May 2023.
  • HKEX Chief Executive Officer, Nicolas Aguzin, said: "Swap Connect is the latest chapter in our Connect story.
  • Under Swap Connect, CFETS and overseas electronic trading platforms recognised by the PBOC will jointly provide trading services for Hong Kong and international investors.

HKEX Welcomes Launch of Swap Connect

Retrieved on: 
Friday, May 5, 2023
Connect, Hong Kong Monetary Authority, SFC, Clear, Bank of China, HKEX, Securities and Futures Commission, PBOC, OTC, Otc clearing, Bank, Security (finance), Northbound, Renminbi

HONG KONG, May 5, 2023 /PRNewswire/ -- Hong Kong Exchanges and Clearing Limited (HKEX) welcomes the joint news release today (Friday) by the People's Bank of China (PBOC), Hong Kong Securities and Futures Commission (SFC) and Hong Kong Monetary Authority on the launch of Swap Connect, the new mutual access programme between Hong Kong and Mainland China's interbank interest rate swap markets.

Key Points: 
  • HONG KONG, May 5, 2023 /PRNewswire/ -- Hong Kong Exchanges and Clearing Limited (HKEX) welcomes the joint news release today (Friday) by the People's Bank of China (PBOC), Hong Kong Securities and Futures Commission (SFC) and Hong Kong Monetary Authority on the launch of Swap Connect, the new mutual access programme between Hong Kong and Mainland China's interbank interest rate swap markets.
  • As confirmed in the announcement, Swap Connect will launch on 15 May 2023.
  • HKEX Chief Executive Officer, Nicolas Aguzin, said: "Swap Connect is the latest chapter in our Connect story.
  • Under Swap Connect, CFETS and overseas electronic trading platforms recognised by the PBOC will jointly provide trading services for Hong Kong and international investors.

BorgWarner Reports First Quarter 2023 Results, Expects 2023 eProduct Sales of $2.3 Billion to $2.6 Billion

Retrieved on: 
Thursday, May 4, 2023
BorgWarner, EPS, Renminbi, Vehicle registration plates of Nepal, NYSE, Sun Electric, BWA, Euro

Adjusted net earnings per diluted share for the first quarter 2023 were $1.09, up from adjusted net earnings per diluted share of $1.05 for the first quarter 2022.

Key Points: 
  • Adjusted net earnings per diluted share for the first quarter 2023 were $1.09, up from adjusted net earnings per diluted share of $1.05 for the first quarter 2022.
  • Adjusted net earnings for the first quarter 2023 excluded net non-comparable items of $(0.16) per diluted share.
  • Adjusted net earnings for the first quarter 2022 excluded net non-comparable items of $(0.21) per diluted share.
  • Net sales are expected to be in the range of $17.1 billion to $17.9 billion, compared with 2022 sales of $15.8 billion.