Queen's Road East

ZTO Reports Fourth Quarter 2023 and Full Year 2023 Unaudited Financial Results

Retrieved on:

Tuesday, March 19, 2024

LTD, H.10, Queen's Road East, Shop, Policy, Transport, ADS, Table, Translation, VAT, Depreciation, GAAP, Share repurchase, Limited, Line, Security (finance)

SHANGHAI, March 19, 2024 /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, 2023[1]. The Company grew parcel volume by 5.8 billion, or 23.8% year over year and expanded market share by 0.8 percentage points to 22.9% while maintaining high quality of service and customer satisfaction. Adjusted net income[2] increased 32.3% to reach RMB9.0 billion. Net cash generated from operating activities was RMB13,361.0 million.

Key Points:

Cost of accessories sold was RMB513.4 million (US$72.3 million), increased by 10.8% compared with RMB463.4 million last year.
Other costs were RMB3,543.3 million (US$499.1 million), a decrease of 19.7% from RMB4,411.5 million in 2022.
Gross Profit was RMB11,662.5 million (US$1,642.6 million), increased 29.0% from RMB9,039.3 million last year as a combined result of revenues growth and cost productivity gain.
ZTO encourages investors and others to review the Company's financial information in its entirety and not rely on a single financial measure.

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.

Autohome Inc. Announces Cash Dividend and Amendment to Dividend Policy

Retrieved on:

Tuesday, December 12, 2023

NYSE, Policy, Dividend, ADS, Queen's Road East, Shop, Holding company, Time in New York, Autohome

The aggregate amount of the Dividend will be approximately RMB1 billion.

Key Points:

The aggregate amount of the Dividend will be approximately RMB1 billion.
In light of Autohome's strong cash balance and healthy cash flow, the Board also approved an amendment to its dividend policy, pursuant to which the Board intends to declare a cash dividend semi-annually from 2024 to 2026.
The total yearly cash dividend is expected to be no less than RMB1.5 billion with the exact amount to be determined by the Board based on the Company's then financial performance, cash position, and applicable foreign exchange laws and regulations in China, among other factors.
Mr. Craig Yan Zeng, the Chief Financial Officer of the Company, commented, "The declaration of a cash dividend and the amendment to our dividend policy reflect our robust cash position, strong cash flow and confidence in our future growth prospects.

The9 Limited to Hold Annual General Meeting on December 22, 2023

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Friday, November 17, 2023

Annual report, Bank statement, BNY Mellon, Annual, Date, Queen's Road East, Security (finance), Cryptocurrency, Hong Kong

SHANGHAI, Nov. 17, 2023 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) (the "Company"), an established Internet company, today announced that it will hold an annual general meeting of shareholders at BNY Mellon Office, Room No.

Key Points:

SHANGHAI, Nov. 17, 2023 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) (the "Company"), an established Internet company, today announced that it will hold an annual general meeting of shareholders at BNY Mellon Office, Room No.
No proposal will be submitted for shareholder approval at the annual general meeting.
Instead, the annual general meeting will serve as an open forum for shareholders and beneficial owners of the Company's American depositary shares ("ADSs") to discuss Company affairs with management.
Beneficial owners of the Company's ADSs are welcome to attend the annual general meeting in person.

NetEase Announces Third Quarter 2023 Unaudited Financial Results

Retrieved on:

Thursday, November 16, 2023

HANGZHOU, China, Nov. 16, 2023 /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 third quarter ended September 30, 2023.

Key Points:

HANGZHOU, China, Nov. 16, 2023 /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 third quarter ended September 30, 2023.
Gross profit for the third quarter of 2023 was RMB16,966.3 million (US$2,325.4 million), compared with RMB14,375.4 million and RMB13,743.9 million for the preceding quarter and the third quarter of 2022, respectively.
The effective tax rate for the third quarter of 2023 was 14.2%, compared with 8.0% and 19.3% for the preceding quarter and the third quarter of 2022, respectively.
NetEase paid a dividend of US$0.1050 per share (US$0.5250 per ADS) for the second quarter of 2023 in September 2023.

NetEase Announces Second Quarter 2023 Unaudited Financial Results

Retrieved on:

Thursday, August 24, 2023

HANGZHOU, China, Aug. 24, 2023 /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 second quarter ended June 30, 2023.

Key Points:

HANGZHOU, China, Aug. 24, 2023 /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 second quarter ended June 30, 2023.
Gross profit for the second quarter of 2023 was RMB14,375.4 million (US$1,982.5 million), compared with RMB14,896.5 million and RMB12,941.5 million for the preceding quarter and the second quarter of 2022, respectively.
Gross profit margin for Youdao for the second quarter of 2023 was 47.0%, compared with 51.7% and 42.8% for the preceding quarter and the second quarter of 2022, respectively.
The effective tax rate for the second quarter of 2023 was 8.0%, compared with 19.5% and 22.0% for the preceding quarter and the second quarter of 2022, respectively.

NetEase Announces First Quarter 2023 Unaudited Financial Results

Retrieved on:

Thursday, May 25, 2023

HANGZHOU, China, May 25, 2023 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced its unaudited financial results for the first quarter ended March 31, 2023.

Key Points:

HANGZHOU, China, May 25, 2023 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced its unaudited financial results for the first quarter ended March 31, 2023.
Net revenues from Youdao were RMB1,163.3 million (US$169.4 million) for the first quarter of 2023, compared with RMB1,454.0 million and RMB1,200.5 million for the preceding quarter and the first quarter of 2022, respectively.
Gross profit for the first quarter of 2023 was RMB14,896.5 million (US$2,169.1 million), compared with RMB13,244.4 million and RMB12,836.4 million for the preceding quarter and the first quarter of 2022, respectively.
The effective tax rate for the first quarter of 2023 was 19.5%, compared with 20.2% and 22.0% for the preceding quarter and the first quarter of 2022, respectively.

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

Retrieved on:

Wednesday, March 15, 2023

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.

NetEase Announces Fourth Quarter and Fiscal Year 2022 Unaudited Financial Results

Retrieved on:

Thursday, February 23, 2023

Net revenues for the fourth quarter of 2022 were RMB25,354.1 million (US$3,676.0 million), compared with RMB24,426.8 million and RMB24,373.6 million for the preceding quarter and the fourth quarter of 2021, respectively.

Key Points:

Net revenues for the fourth quarter of 2022 were RMB25,354.1 million (US$3,676.0 million), compared with RMB24,426.8 million and RMB24,373.6 million for the preceding quarter and the fourth quarter of 2021, respectively.
Net revenues from Youdao were RMB1,454.0 million (US$210.8 million) for the fourth quarter of 2022, compared with RMB1,402.4 million and RMB1,333.8 million for the preceding quarter and the fourth quarter of 2021, respectively.
Gross profit for the fourth quarter of 2022 was RMB13,244.4 million (US$1,920.3 million), compared with RMB13,743.9 million and RMB12,917.8 million for the preceding quarter and the fourth quarter of 2021, respectively.
Gross profit margin for Youdao for the fourth quarter of 2022 was 53.3%, compared with 54.2% and 50.7% for the preceding quarter and the fourth quarter of 2021, respectively.

For Instagram Check-in: The Most Heart-warming Festive Landmarks in Hong Kong

Retrieved on:

Wednesday, November 30, 2022

The winters may be gentle in Hong Kong, but the festive spirit here shines brightly in the region.

Key Points:

The winters may be gentle in Hong Kong, but the festive spirit here shines brightly in the region.
(Photo: Business Wire)
This holiday season, a 65-foot-tall Christmas tree sits center stage at the romantic Christmas town at the West Kowloon Cultural District harbor front the heart of Hong Kong WinterFest brought to you by the Hong Kong Tourism Board.
An array of joyous surprises awaits, including fun-filled circus performances and melodious music performances, promising you a modern Christmas time in one of Hong Kongs most historic landmarks.
From December 1, 2022, at Tai Kwun, 10 Hollywood Road, Central, Hong Kong
For latest travel requirements for inbound travelers, please visit: