ADS

Opera Reports Fourth Quarter Ahead of Expectations, Concluding a Year of Strong Growth and Margin Expansion

Retrieved on: 
Thursday, February 29, 2024

This revenue category benefits from both our browser monetization trajectory, as well as the expansion of our Opera Ads platform.

Key Points: 
  • This revenue category benefits from both our browser monetization trajectory, as well as the expansion of our Opera Ads platform.
  • Opera had 313 million monthly active users (MAUs) in the fourth quarter of 2023, representing a slight increase versus 311 million MAUs in the third quarter.
  • In the fourth quarter of 2023, annualized ARPU was $1.44, an increase of 22% versus the fourth quarter of 2022.
  • Adjusted EBITDA was $27.8 million, representing a 24.6% margin, compared to adjusted EBITDA of $22.8 million, representing a 23.7% margin, in the fourth quarter of 2022.

NetEase Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

Retrieved on: 
Thursday, February 29, 2024

HANGZHOU, China, Feb. 29, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • HANGZHOU, China, Feb. 29, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.
  • Net revenues from Youdao were RMB1.5 billion (US$208.5 million) for the fourth quarter of 2023, compared with RMB1.5 billion each for the preceding quarter and the fourth quarter of 2022.
  • Gross profit for the fourth quarter of 2023 was RMB16.8 billion (US$2.4 billion), compared with RMB17.0 billion and RMB13.2 billion for the preceding quarter and the fourth quarter of 2022, respectively.
  • Gross profit margin for Youdao for the fourth quarter of 2023 was 49.9%, compared with 55.9% and 53.3% for the preceding quarter and the fourth quarter of 2022, respectively.

Youdao Reports Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

Retrieved on: 
Thursday, February 29, 2024

HANGZHOU, China, Feb. 29, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • HANGZHOU, China, Feb. 29, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.
  • "Our financial performance was solid in the fourth quarter, producing all-time high income from operations and operating cash inflow.
  • Net revenues for the fourth quarter of 2023 were RMB1.5 billion (US$208.5 million), slightly increased compared with the same period of 2022.
  • Gross margin decreased to 49.9% for the fourth quarter of 2023 from 53.3% for the same period of 2022.

iHuman Inc. Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

Retrieved on: 
Thursday, February 29, 2024

BEIJING, Feb. 29, 2024 /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, 2023.

Key Points: 
  • BEIJING, Feb. 29, 2024 /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, 2023.
  • It also earned YouTube's Silver Creator Award and rose to rank among the top three most popular children's apps on the U.S. Apple app store in the fourth quarter.
  • Ms. Vivien Weiwei Wang, Director and Chief Financial Officer of iHuman, added, "Our fourth quarter results ended 2023 on a positive note despite a turbulent global economic environment.
  • While our fourth quarter results saw a marginal decrease year-over-year, it reflected a normalization from the exceptional fourth quarter performance last year, which was caused by a heightened demand driven by more indoor activities during the pandemic.

The Ashley Companies Annual Corporate Social Responsibility Report Showcases Commitment to Community, Environment and Employees

Retrieved on: 
Wednesday, February 28, 2024

Earlier this month, Ashley released its fourth annual Corporate Social Responsibility Report to highlight the continued support for their surrounding communities and employees and their achievements to make global improvements throughout 2023.

Key Points: 
  • Earlier this month, Ashley released its fourth annual Corporate Social Responsibility Report to highlight the continued support for their surrounding communities and employees and their achievements to make global improvements throughout 2023.
  • We actively support our communities, prioritize environmental conservation, and invest in nurturing our corporate culture," said Todd Wanek, President and CEO, Ashley.
  • "Through our yearly Corporate Social Responsibility Report, we communicate our enduring passion, spreading positive change globally.
  • ADS delivers Ashley Furniture to Ashley retail stores and customers throughout the U.S. With a growing fleet, ADS continues to expand beyond delivering furniture.

Daqo New Energy Announces Unaudited Fourth Quarter and Fiscal Year 2023 Results

Retrieved on: 
Wednesday, February 28, 2024

Revenues were $477.1 million, compared to $484.8 million in the third quarter of 2023 and $864.3 million in the fourth quarter of 2022.

Key Points: 
  • Revenues were $477.1 million, compared to $484.8 million in the third quarter of 2023 and $864.3 million in the fourth quarter of 2022.
  • Gross margin was 18.3%, compared to 14.0% in the third quarter of 2023 and 77.4% in the fourth quarter of 2022.
  • Operating margin was 17.5%, compared to 4.6% in the third quarter of 2023 and 72.1% in the fourth quarter of 2022.
  • EBITDA margin (non-GAAP) was 26.9%, compared to 14.5% in the third quarter of 2023 and 75.0% in the fourth quarter of 2022.

Vipshop Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024

GUANGZHOU, China, Feb. 28, 2024 /PRNewswire/ -- Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced its unaudited financial results for the quarter and full year ended December 31, 2023.

Key Points: 
  • GMV[1] for the fourth quarter of 2023 increased by 21.9% year over year to RMB66.4 billion from RMB54.4 billion in the prior year period.
  • Gross profit for the fourth quarter of 2023 increased by 19.3% year over year to RMB8.2 billion (US$1.2 billion) from RMB6.9 billion in the prior year period.
  • Non-GAAP operating margin[6] for the fourth quarter of 2023 increased to 11.4% from 8.7% in the prior year period.
  • Non-GAAP net margin attributable to Vipshop's shareholders[8] for the fourth quarter of 2023 increased to 9.2% from 7.0% in the prior year period.

Tuya Reports Fourth Quarter 2023 Unaudited Financial Results

Retrieved on: 
Tuesday, February 27, 2024

SANTA CLARA, Calif., Feb. 27, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading IoT cloud development platform, today announced its unaudited financial results for the fourth quarter ended December 31, 2023.

Key Points: 
  • SANTA CLARA, Calif., Feb. 27, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading IoT cloud development platform, today announced its unaudited financial results for the fourth quarter ended December 31, 2023.
  • IoT PaaS customers1 for the fourth quarter of 2023 were approximately 2,200 (4Q2022: approximately 2,400).
  • Ms. Yao (Jessie) Liu, Director and Chief Financial Officer of Tuya, added, "The fourth quarter marked our transition from recovery to growth, efficiency enhancements, and margin expansion.
  • Smart device distribution gross margin in the fourth quarter of 2023 was 29.7%, compared to 14.6% in the same period of 2022, primarily due to higher-value product solutions we provided to our customers during the fourth quarter of 2023.

Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, February 27, 2024

Products revenue in the fourth quarter of 2023 was US$44.9 million, compared to US$29.9 million in the third quarter of 2023 and US$47.5 million in the same period of 2022.

Key Points: 
  • Products revenue in the fourth quarter of 2023 was US$44.9 million, compared to US$29.9 million in the third quarter of 2023 and US$47.5 million in the same period of 2022.
  • Cost of revenues in the fourth quarter of 2023 was US$103.1 million, compared to US$102.4 million in the third quarter of 2023 and US$122.5 million in the same period of 2022.
  • Products costs in the fourth quarter of 2023 were US$95.8 million, compared to US$83.7 million in the third quarter of 2023 and US$98.9 million in the same period of 2022.
  • Mining costs in the fourth quarter of 2023 were US$6.0 million, compared to US$17.9 million in the third quarter of 2023 and US$23.6 million in the same period of 2022.

Gaotu Techedu Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

Retrieved on: 
Tuesday, February 27, 2024

Cost of revenues increased by 42.9% to RMB227.7 million from RMB159.3 million in the fourth quarter of 2022.

Key Points: 
  • Cost of revenues increased by 42.9% to RMB227.7 million from RMB159.3 million in the fourth quarter of 2022.
  • Non-GAAP gross profit increased by 13.4% to RMB537.2 million from RMB473.9 million in the fourth quarter of 2022.
  • Loss from operations was RMB187.9 million, compared with loss from operations of RMB13.2 million in the fourth quarter of 2022.
  • Non-GAAP net loss was RMB104.0 million, compared with non-GAAP net income of RMB87.4 million in the fourth quarter of 2022.