Renminbi

Quhuo realized a historical year-over-year increase in gross profit of 43.9% and achieved adjusted net profit in the second half of 2022

Retrieved on: 
Friday, April 14, 2023
Software as a service, Tourism, COVID-19, H.10, Federal Reserve Board of Governors, Internet, US, Housekeeping, Translation, Growth, AI, QH, B&B, Cryptocurrency, Airline, Renminbi

Gross margin for the full year ended December 31, 2022 was 6.6%, compared to 4.4% in 2021.

Key Points: 
  • Gross margin for the full year ended December 31, 2022 was 6.6%, compared to 4.4% in 2021.
  • The company achieved a remarkable 56.0% year-on-year increase in revenue in 2021, followed by a significant 43.9% year-on-year increase in gross profit in 2022.
  • The company's gross profit increased to RMB252.7 million (US$36.6 million), reflecting a 43.9% year-over-year increase in 2022.
  • Furthermore, Quhuo turned its adjusted net loss of RMB122.3 million in 2021 to an adjusted net income of RMB3.3 million (US$0.5 million) in 2022.

Cheetah Mobile Announces Second Half and Full Year 2022 Unaudited Consolidated Financial Results

Retrieved on: 
Tuesday, April 11, 2023
Operating cost, Advertising, Cheetah Mobile, Marketing, ADS, H.10, Research, RMB, Federal Reserve Board of Governors, US, Acquisition, COVID-19, Investment, Translation, Growth, AI, American depositary receipt, NYSE, Video game, Sales, Pharmaceutical industry, Renewable energy, Natural gas, Bank, Cryptocurrency, Renminbi

BEIJING, April 11, 2023 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a China-based IT company, today announced its unaudited consolidated financial results for the second half and full year 2022 ended December 31, 2022.

Key Points: 
  • BEIJING, April 11, 2023 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a China-based IT company, today announced its unaudited consolidated financial results for the second half and full year 2022 ended December 31, 2022.
  • Cost of revenues decreased by 12.5% year over year to RMB129.3 million (US$18.8 million) in the second half of 2022.
  • Gross margin was 75.5% in the second half of 2022, compared to 60.5% in the second half of 2021.
  • Non-GAAP gross margin was 75.5% in the second half of 2022, compared to 60.7% in the second half of 2021.

iHuman Inc. Announces Fourth Quarter and Fiscal Year 2022 Unaudited Financial Results

Retrieved on: 
Friday, March 31, 2023
Dai, Fantasy, Marketing, ADS, IH, Structure of the Federal Reserve System, Little Artists, GAAP, Ratio, Creativity, RMB, US, Ocean World, Acquisition, Animation, Florida Board of Governors, Dino Land, Maus, Growth, Research, Annual report, Imagination, Federal Reserve, NYSE, Cryptocurrency, Health care, Reinsurance, Video game, Recycling, Food delivery, Insurance, Pharmaceutical industry, Security (finance), Bank, Renminbi

BEIJING, March 31, 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 fourth quarter and fiscal year ended December 31, 2022.

Key Points: 
  • BEIJING, March 31, 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 fourth quarter and fiscal year ended December 31, 2022.
  • Operating income was RMB111.6 million (US$16.2 million), a remarkable turnaround compared with an operating loss of RMB54.2 million in fiscal year 2021.
  • Net income was RMB109.8 million (US$15.9 million), a remarkable turnaround compared with a net loss of RMB37.1 million in fiscal year 2021.
  • Please see "Non-GAAP Financial Measures" and "Unaudited Reconciliation of GAAP and non-GAAP Results" at the end of this press release.

Alltronics 2022 Profit Surges 61.6%, Driven by Robust Cost Control and Better Product Mix

Retrieved on: 
Thursday, March 30, 2023
COVID-19, Relaxation, Risk, SEHK, Video game, Property management, PRC, Renminbi

During the year 2022, profit for the year attributable to owners of the Company increased to HK$112.1 million from HK$69.3 million in the year 2021, as total gross profit for the year increased by HK$68.4 million to HK$328.6 million.

Key Points: 
  • During the year 2022, profit for the year attributable to owners of the Company increased to HK$112.1 million from HK$69.3 million in the year 2021, as total gross profit for the year increased by HK$68.4 million to HK$328.6 million.
  • Total turnover increased slightly by 4.6% to HK$1,732.1 million due to the increase in sales of electronic products.
  • Together with the interim dividend of HK2.0 cents per share, the total dividends paid or payable for the year 2022 will be HK4.0 cents per share.
  • The Group will continue its efforts to manage these factors and tighten controls over production costs and overheads.

Q P Group's 2022 Net Profit Up 6.5% to HK$126.8 Million

Retrieved on: 
Thursday, March 30, 2023
COVID-19, Pulse, Plant, Republic, Lifting, Depreciation, Growth, OEM, Transport, Environment, Online shopping, Renewable energy, Retail, PRC, Renminbi

The net profit margin increased to approximately 9.9% for the Reporting Period from approximately 8.6% for the year ended 31 December 2021 ("FY2021"), while the Group's revenue amounted to approximately HK$1,276.4 million (FY2021: approximately HK$1,389.8 million).

Key Points: 
  • The net profit margin increased to approximately 9.9% for the Reporting Period from approximately 8.6% for the year ended 31 December 2021 ("FY2021"), while the Group's revenue amounted to approximately HK$1,276.4 million (FY2021: approximately HK$1,389.8 million).
  • The Board of Directors has proposed a final dividend of HK11.0 cents per share (FY2021: HK11.0 cents) for FY2022.
  • Consequently, revenue from OEM sales amounted to approximately HK$1,082.7 million for FY2022 (2021: approximately HK$1,191.0 million).
  • During FY2022, revenue from web sales amounted to approximately HK$193.7 million (FY2021: approximately HK$198.7 million).

Nissin Foods Announces 2022 Annual Results, Adheres to Premiumisation Strategy to Drive Business Growth

Retrieved on: 
Monday, March 27, 2023
Tourism, Raohe Street Night Market, Eating, Cup Noodles, Creativity, Acquisition, Fuku, Nissin Foods, Yoy, Growth, U.F.O, Food court, Cryptocurrency, Convenience food, Retail, Property management, Tea, Food delivery, Mainland China, Renminbi

-- Revenue increased primarily attributable to the organic growth in sales volume of the Group's premium instant noodles throughout the year.

Key Points: 
  • -- Revenue increased primarily attributable to the organic growth in sales volume of the Group's premium instant noodles throughout the year.
  • The Group's basic earnings per share increased by 5.5% to 30.32 HK cents for 2022 (2021: 28.74 HK cents).
  • On the non-noodle category, the Group's frozen foods business has achieved a decent growth notwithstanding the fierce competition.
  • The instant noodles business maintained a sales volume growth amid complicated business environment.

Sunlands Technology Group Announces Unaudited Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Friday, March 24, 2023
Capital expenditure, Information technology, Marketing, COVID-19, STG, H.10, Mentorship, RMB, Federal Reserve Board of Governors, US, Student, Acquisition, Investment, Translation, Growth, Development, NYSE, Pharmaceutical industry, Film industry, Video game, Reinsurance, Nursing, Tutoring, Drug, Cryptocurrency, Arms industry, Renminbi

BEIJING, March 24, 2023 /PRNewswire/ -- 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 fourth quarter ended December 31, 2022.

Key Points: 
  • In the fourth quarter of 2022, net revenues decreased by 1.7% to RMB578.6 million (US$83.9 million) from RMB588.9 million in the fourth quarter of 2021.
  • Gross profit increased by 0.8% to RMB503.3 million (US$73.0 million) in the fourth quarter of 2022 from RMB499.5 million in the fourth quarter of 2021.
  • Net income for the fourth quarter of 2022 was RMB181.0 million (US$26.2 million), compared with RMB150.8 million in the fourth quarter of 2021.
  • Capital expenditures were RMB0.7 million (US$0.1 million) in the fourth quarter of 2022, compared with RMB5.2 million in the fourth quarter of 2021.

Canadian Solar Reports Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Tuesday, March 21, 2023
Maintenance, IPO, Total, ASPS, Senior, Electricity, EPC, Sale, Regional effects of the 2021–2022 global energy crisis, EBITDA, International use of the U.S. dollar, Renminbi, CSFS, Euro, Depreciation, China Securities Regulatory Commission, Engineering, Corporation, Professional, Tokyo Stock Exchange, Kilowatt-hour, O&M, CFO, Growth, EPS, GWP, TSE, Renewable energy, Pharmaceutical industry, Bank, Video game, Canadian Solar

GUELPH, ON, March 21, 2023 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the fourth quarter and full year ended December 31, 2022.

Key Points: 
  • GUELPH, ON, March 21, 2023 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the fourth quarter and full year ended December 31, 2022.
  • Depreciation and amortization charges in the fourth quarter of 2022 were $50 million, compared to $56 million in the third quarter of 2022 and $84 million in the fourth quarter of 2021.
  • Total project assets at the end of the fourth quarter of 2022 were $824 million, compared to $911 million at the end of the third quarter of 2022.
  • The net value of solar power systems at the end of the fourth quarter of 2022 were $365 million, compared to $101 million at the end of the third quarter of 2022.

So-Young Reports Unaudited Fourth Quarter and Fiscal Year 2022 Financial Results

Retrieved on: 
Tuesday, March 21, 2023
Pressure, Maintenance, Investment, Marketing, ADS, COVID-19, Disclosure, Structure of the Federal Reserve System, Income tax, Information services, GAAP, In re Caremark International Inc. Derivative Litigation, US, Acquisition, So-young, Translation, Florida Board of Governors, Maus, Entrepreneurship, Research, Federal Reserve, RMB, Cryptocurrency, Music, Video game, Mobile phone, Citrus, Pharmaceutical industry, Security (finance), Renminbi

Number of paying medical service providers on So-Young's platform was 4,274, compared with 5,327 in the fourth quarter of 2021.

Key Points: 
  • Number of paying medical service providers on So-Young's platform was 4,274, compared with 5,327 in the fourth quarter of 2021.
  • Cost of revenues was RMB88.2 million (US$12.8 million), a decrease of 30.6% from RMB127.1 million in the fourth quarter of 2021.
  • In addition, cost of revenues for fiscal year 2022 included share-based compensation expenses of RMB8.3 million (US$1.2 million) compared to RMB18.8 million in fiscal year 2021.
  • Sales and marketing expenses for fiscal year 2022 included share-based compensation expenses of RMB6.8 million (US$1.0 million), compared to RMB9.8 million in fiscal year 2021.

PDD Holdings Announces Fourth Quarter 2022 and Fiscal Year 2022 Unaudited Financial Results

Retrieved on: 
Monday, March 20, 2023
Advertising, Loss, Marketing, ADS, PDD, Federal Reserve Board of Governors, US, Investment, Translation, Webcast, Growth, Research, Annual report, RMB, Cryptocurrency, Video game, Bank, Pharmaceutical industry, Food delivery, PRC, Renminbi

DUBLIN and SHANGHAI, March 20, 2023 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD), today announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2022.

Key Points: 
  • DUBLIN and SHANGHAI, March 20, 2023 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD), today announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2022.
  • Total revenues in the quarter were RMB39,820.0 million (US$15,773.4 million), an increase of 46% from RMB27,230.9 million in the same quarter of 2021.
  • Operating profit in the quarter was RMB9,113.7 million (US$1,321.4 million), an increase of 32% from RMB6,907.0 million in the same quarter of 2021.
  • Total revenues were RMB39,820.0 million (US$5,773.4 million), an increase of 46% from RMB27,230.9 million in the same quarter of 2021.