Renminbi

Tuniu Announces Unaudited Fourth Quarter and Fiscal Year 2022 Financial Results

Retrieved on: 
Friday, March 17, 2023
Advertising, Travel, Tourism, Marketing, Tuniu, COVID-19, GAAP, Research, Public expenditure, Investment, Cryptocurrency, Video game, Pharmaceutical industry, Arms industry, Holding company, Bank, Renminbi

NANJING, China, March 17, 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 fourth quarter and fiscal year ended December 31, 2022.

Key Points: 
  • NANJING, China, March 17, 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 fourth quarter and fiscal year ended December 31, 2022.
  • Gross margin was 44.6% in the fourth quarter of 2022, compared to a gross margin of 46.5% in the fourth quarter of 2021.
  • Loss from operations was RMB20.3 million (US$2.9 million) in the fourth quarter of 2022, compared to a loss from operations of RMB43.9 million in the fourth quarter of 2021.
  • Net loss was RMB9.3 million (US$1.3 million) in the fourth quarter of 2022, compared to a net loss of RMB36.2 million in the fourth quarter of 2021.

FangDD Reports Fourth Quarter and Full Year 2022 Unaudited Financial Results

Retrieved on: 
Thursday, March 16, 2023
Research, H.10, Translation, RMB, ADS, Investment, COVID-19, GAAP, Marketing, Federal Reserve Board of Governors, GMV, Cryptocurrency, Video game, Bank, Renminbi

SHENZHEN, China, March 16, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced its unaudited financial results for the three months and the year ended December 31, 2022.

Key Points: 
  • SHENZHEN, China, March 16, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced its unaudited financial results for the three months and the year ended December 31, 2022.
  • Net loss in 2022 decreased by 80.1% to RMB239.6 million (US$34.7 million) from RMB1,203.0 million in 2021.
  • Non-GAAP net loss was RMB222.9 million (US$32.3 million) in 2022, compared to non-GAAP net loss of RMB1,155.9 million in 2021.
  • Total closed-loop GMV facilitated on the Company’s platform in 2022 decreased by 72.6% to RMB22.5 billion (US$3.3 billion) from RMB82.2 billion in 2021.

Hello Group Inc. Announces Unaudited Financial Results for the Fourth Quarter and Fiscal Year 2022

Retrieved on: 
Thursday, March 16, 2023
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Net revenues decreased by 12.6% year over year to RMB3,212.7 million (US$465.8 million*) in the fourth quarter of 2022.

Key Points: 
  • Net revenues decreased by 12.6% year over year to RMB3,212.7 million (US$465.8 million*) in the fourth quarter of 2022.
  • Mobile games revenues were RMB5.3 million (US$0.8 million) in the fourth quarter of 2022, a decrease of 72.4% from RMB19.3 million in the fourth quarter of 2021.
  • Income tax expenses were RMB109.4 million (US$15.9 million) in the fourth quarter of 2022, compared to RMB296.5 million in the fourth quarter of 2021.
  • Non-GAAP net income from the Momo segment was RMB480.5 million (US$69.7 million) in the fourth quarter of 2022, which increased from RMB415.8 million in the fourth quarter of 2021.

ZTO Reports Fourth Quarter 2022 and Full Year 2022 Unaudited Financial Results

Retrieved on: 
Wednesday, March 15, 2023
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SHANGHAI, March 15, 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 fourth quarter and fiscal year ended December 31, 2022[1]. For 2022, despite COVID-19 disruptions and softening economy, the Company grew parcel volume by 2.1 billion, or 9.4% year over year and expanded market share by 1.5 percentage points to 22.1% while maintaining high quality of service and customer satisfaction. Adjusted net income [2] increased 37.6% to reach RMB6,806.0 million. Cash generated from operating activities was RMB11,479.3 million.

Key Points: 
  • Selling, general and administrative expenses were RMB2,077.4 million (US$301.2 million), an increase of 10.7% from RMB1,875.9 million last year.
  • The increase was primarily due to an increase of RMB145.7 million (US$21.1 million) in compensation and benefit expenses.
  • Investors are encouraged to compare the historical non-GAAP financial measures to the most directly comparable GAAP measures.
  • ZTO encourages investors and others to review the Company's financial information in its entirety and not rely on a single financial measure.

Nano Labs Announces Fourth Quarter 2022 Financial Results

Retrieved on: 
Tuesday, March 14, 2023
Ethereum, US, Research, PIN, Translation, Memory, RMB, ZK, ADS, Advertising, Marketing, NA, Cryptocurrency, Online shopping, Bank, Internet service provider, Metaverse, Renminbi

HANGZHOU, China, March 14, 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 December 31, 2022 and for the three months ended December 31, 2022.

Key Points: 
  • HANGZHOU, China, March 14, 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 December 31, 2022 and for the three months ended December 31, 2022.
  • Mr. Bing Chen, Chief Financial Officer, commented, “In the last quarter this year, our net revenue is RMB12.7 million (US$1.8 million).
  • Non-GAAP financial measures enable our management to assess our operating results without considering the impact of non-cash charges and non-operating items.
  • The Company will host an earnings conference call to discuss its financial results at 8:30 am U.S. Eastern Time (8:30 pm Beijing Time) on March 14, 2023.

Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Tuesday, March 7, 2023
PIN, Share repurchase, Research, Growth, Renminbi, ADS, Mining, A13, ATM, Investment, AI, Depreciation, Marketing, Cryptocurrency, Video game, Pharmaceutical industry

BEIJING, March 7, 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 and twelve months ended December 31, 2022.

Key Points: 
  • Mr. James Jin Cheng, Chief Financial Officer of Canaan, stated, "In the fourth quarter of 2022, we achieved better-than-expected total revenues under the severe conditions of low bitcoin price and weak sales demand.
  • AI product revenue decreased from RMB2.4 million in the third quarter of 2022 to RMB1.6 million (US$0.2 million) in the fourth quarter of 2022.
  • Research and development expenses in the fourth quarter of 2022 also included share-based compensation expenses of RMB14.1 million (US$2.1 million).
  • The loss in the fourth quarter of 2022 was due to the US dollar depreciation against the Renminbi during the fourth quarter of 2022.

CME Group to Launch Offshore Renminbi Options on April 3

Retrieved on: 
Monday, March 6, 2023
CME Group, Renminbi, OTC, BNP Paribas, FX, Risk, G10, CME, Optiver, FX Productions, UMR, Cryptocurrency, Security (finance)

CHICAGO and HONG KONG and LONDON, March 6, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it will launch options on its existing U.S. Dollar / Offshore Chinese Renminbi (USD/CNH) futures on April 3, pending regulatory review.

Key Points: 
  • CHICAGO and HONG KONG and LONDON, March 6, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it will launch options on its existing U.S. Dollar / Offshore Chinese Renminbi (USD/CNH) futures on April 3, pending regulatory review.
  • "Offshore Renminbi has become a core part of global FX trading and we're delighted to offer these options contracts to help clients manage currency risk as China resets its economy during this period of reopening."
  • said Paul Houston, Global Head of FX Products, CME Group.
  • "We look forward to being an active liquidity provider in the CME Group market."

CATALIST-listed AOXIN Q&M reports lower revenue of RMB 140m for full year ended 31 December 2022

Retrieved on: 
Thursday, March 2, 2023
COVID-19, Sepsis, Exercise, Asset, Instrument, Patient, Public expenditure, City, Sponsor, History, Exchange, Nursing, Colorectal cancer, Dentist, Loss, Government, Collyer Quay, Hospital, PCR, Cryptocurrency, Pharmaceutical industry, Health insurance, Health, Acumen, PRC, Renminbi

This includes days when some clinics could not operate because a substantial number of dentists and nurses were down with Covid themselves.

Key Points: 
  • This includes days when some clinics could not operate because a substantial number of dentists and nurses were down with Covid themselves.
  • The Group's revenue was lower by RMB20.5 million or 12.8% from RMB160.2 million for the financial year ended 31 December 2021 (FY2021) to RMB139.7 million for the financial year ended 31 December 2022 (FY2022).
  • The lower revenue was largely due to the resurgence of Covid-19 in Liaoning Province, PRC in the second and fourth quarters of 2022 which affected all business segments of the Group.
  • Revenue from primary healthcare segment was lower by 7.3% from RMB93.9 million in FY2021 to RMB87.0 million in FY2022.

NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Wednesday, March 1, 2023
Marketing, San Diego Chargers, Safety, ES8, Depreciation, Intelligence, SUV, Prospectus, Tehran Stock Exchange, RMB, Internal, Research, Related party transaction, Coupe SUV, Investment, Minister affair at the announcement of the Reinfeldt cabinet, Growth, Total, International Review of Victimology, Finance Secretary (India), ES7, ES6, PIN, EC6, NIO, ADS, Annual report, US, Cryptocurrency, Video game, Renminbi

SHANGHAI, China, March 01, 2023 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2022.

Key Points: 
  • Total revenues in the fourth quarter of 2022 were RMB16,063.5 million (US$2,329.0 million), representing an increase of 62.2% from the fourth quarter of 2021 and an increase of 23.5% from the third quarter of 2022.
  • Vehicle sales in the fourth quarter of 2022 were RMB14,759.0 million (US$2,139.9 million), representing an increase of 60.2% from the fourth quarter of 2021 and an increase of 23.7% from the third quarter of 2022.
  • Gross margin in the fourth quarter of 2022 was 3.9%, compared with 17.2% in the fourth quarter of 2021 and 13.3% in the third quarter of 2022.
  • Vehicle margin in the fourth quarter of 2022 was 6.8%, compared with 20.9% in the fourth quarter of 2021 and 16.4% in the third quarter of 2022.

Agora, Inc. Reports Fourth Quarter and Fiscal Year 2022 Financial Results

Retrieved on: 
Monday, February 27, 2023
Cloud, Marketing, EBITDA, Depreciation, Prospectus, SECURE Act, Research, GAAP, Software, Cyprus Securities and Exchange Commission, Acquisition, Share repurchase, Investment, Security (finance), RTE, Income tax, Growth, Total, Advertising, Bank statement, Table, Rate, Government, Renminbi, Loss, International, API, ADS, IPO, COVID-19, Video game, Cryptocurrency, Arms industry, Bank, K12, Agora

Net loss for the quarter was $35.1 million, compared to net loss of $21.2 million in the fourth quarter of 2021.

Key Points: 
  • Net loss for the quarter was $35.1 million, compared to net loss of $21.2 million in the fourth quarter of 2021.
  • Adjusted EBITDA for the quarter was negative $8.5 million, compared to negative $13.1 million in the fourth quarter of 2021.
  • Net cash generated from operating activities for the quarter was $3.4 million, compared to $5.1 million in the fourth quarter of 2021.
  • Free cash flow for the quarter was $1.9 million, compared to $2.9 million in the fourth quarter of 2021.