A Bite of China: Celebrating the Chinese New Year

Uxin Reports Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Monday, August 14, 2023

BEIJING, Aug. 14, 2023 /PRNewswire/ -- Uxin Limited ("Uxin" or the "Company") (Nasdaq: UXIN), China's leading used car retailer, today announced its unaudited financial results for the fourth quarter and fiscal year ended March 31, 2023.

Key Points: 
  • BEIJING, Aug. 14, 2023 /PRNewswire/ -- Uxin Limited ("Uxin" or the "Company") (Nasdaq: UXIN), China's leading used car retailer, today announced its unaudited financial results for the fourth quarter and fiscal year ended March 31, 2023.
  • Mr. Feng Lin, Chief Financial Officer of Uxin, commented: "In fiscal year 2023, Uxin demonstrated resilience and ability to adapt to challenging circumstances.
  • Notably, we observed a recovery of our gross margin in the fourth quarter of fiscal year 2023, rebounding from 0.6% in the previous quarter to 2.3%.
  • Financial Results for the Fiscal Year Ended March 31, 2023
    Total revenues were RMB2,059.2 million (US$299.8 million) for the fiscal year ended March 31, 2023, an increase of 25.9% from RMB1,636.1 million in the prior fiscal year.

Tarena International, Inc. Announces the Results for the First Quarter of 2023

Retrieved on: 
Tuesday, June 13, 2023

Total net revenues decreased by 38.2% to RMB385.1 million (US$56.1 million) in the first quarter of 2023 from RMB623.5 million in the same period of 2022.

Key Points: 
  • Total net revenues decreased by 38.2% to RMB385.1 million (US$56.1 million) in the first quarter of 2023 from RMB623.5 million in the same period of 2022.
  • Gross profit decreased by 44.0% to RMB201.0 million (US$29.3 million) in the first quarter of 2023, from RMB358.9 million in the same period of 2022.
  • Non-GAAP basic and diluted loss per ADS, which excluded share-based compensation expenses, was RMB4.57 (US$0.67) in the first quarter of 2023.
  • Net cash outflow from operating activities in the first quarter of 2023 was RMB17.7 million (US$2.6 million).

Tims China Announces First Quarter 2023 Financial Results

Retrieved on: 
Tuesday, May 30, 2023

Mr. Yongchen Lu, CEO & Director of Tims China, commented, “We are pleased to have set a new record for quarterly revenues while achieving positive adjusted store EBITDA in the first quarter of 2023.

Key Points: 
  • Mr. Yongchen Lu, CEO & Director of Tims China, commented, “We are pleased to have set a new record for quarterly revenues while achieving positive adjusted store EBITDA in the first quarter of 2023.
  • As a result, the number of delivery and takeaway orders in the first quarter of 2023 increased by 74.2% from the same quarter in 2022.
  • Basic and diluted net loss per ordinary share was RMB1.25 (USD0.18) in the first quarter of 2023, compared to RMB1.21 in the first quarter of 2022.
  • Adjusted basic and diluted net loss per ordinary share was RMB0.84 (USD0.12) in the first quarter of 2023, compared to RMB0.93 in the first quarter of 2022.

Dingdong (Cayman) Limited Announces First Quarter 2023 Financial Results

Retrieved on: 
Friday, May 12, 2023

SHANGHAI, May 12, 2023 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced its unaudited financial results for the quarter ended March 31, 2023.

Key Points: 
  • SHANGHAI, May 12, 2023 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced its unaudited financial results for the quarter ended March 31, 2023.
  • Fulfillment expenses for the first quarter of 2023 were RMB1,196.1 million (US$174.2 million), a decrease of 19.4% from RMB1,484.1 million in the same quarter of 2022.
  • Fulfillment expenses as a percentage of total revenues decreased to 23.9% from 27.3% in the same quarter of 2022.
  • Non-GAAP net income for the first quarter of 2023 was RMB6.1 million (US$0.9 million), compared with non-GAAP net loss of RMB422.2 million in the same quarter of 2022.

IMAX ROCKETS TO SECOND BEST OPENING DAY EVER FOR CHINESE NEW YEAR

Retrieved on: 
Monday, January 23, 2023

SHANGHAI AND NEW YORK, Jan. 23, 2023 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) rocketed to its second-best opening day ever for the Chinese New Year holiday — the perennial peak moviegoing period in China — with $7 million in box office across the IMAX China network on Sunday.

Key Points: 
  • SHANGHAI AND NEW YORK, Jan. 23, 2023 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) rocketed to its second-best opening day ever for the Chinese New Year holiday — the perennial peak moviegoing period in China — with $7 million in box office across the IMAX China network on Sunday.
  • IMAX opening day box office for "The Wandering Earth 2" was nearly double the opening day haul for its predecessor, and IMAX locations delivered 8.5% of the film's first day gross on only 1% of screens.
  • "Moviegoing in China continues to make a strong comeback in 2023, and our results for the opening day of Chinese New Year — which stand among our best ever — offer further proof of the pent-up demand among Chinese audiences for great blockbuster entertainment," said Rich Gelfond, CEO of IMAX.
  • IMAX China will continue to program its Chinese New Year film slate throughout the holiday leading into February.

SemiLEDs Reports First Quarter Fiscal Year 2023 Financial Results

Retrieved on: 
Tuesday, January 3, 2023

Revenue for the first quarter of fiscal 2023 was $1.7 million, compared to $1.6 million in the fourth quarter of fiscal 2022.

Key Points: 
  • Revenue for the first quarter of fiscal 2023 was $1.7 million, compared to $1.6 million in the fourth quarter of fiscal 2022.
  • GAAP net loss attributable to SemiLEDs stockholders for the first quarter of fiscal 2023 was $512 thousand, compared to a loss of $1.1 million in the fourth quarter of fiscal 2022, or a net loss of $0.11 per diluted share, compared to a net loss of $0.25 per diluted share for the fourth quarter of fiscal 2022.
  • GAAP gross margin for the first quarter of fiscal 2023 was 27%, compared with gross margin for the fourth quarter of fiscal 2022 of 21%.
  • Operating margin for the first quarter of fiscal 2023 was negative 39%, compared with negative 66% in the fourth quarter of fiscal 2022.

Tarena International, Inc. Announces the Results for the First Quarter of 2022

Retrieved on: 
Tuesday, May 17, 2022

"In the first quarter of 2022, we ended our long streak of quarterly net losses to achieve a net income.

Key Points: 
  • "In the first quarter of 2022, we ended our long streak of quarterly net losses to achieve a net income.
  • Total net revenues increased by 16.8% to RMB623.5 million (US$98.4 million) in the first quarter of 2022, from RMB533.8 million in the same period of 2021.
  • Basic income per ordinaryshare was RMB0.48 (US$0.08) in the first quarter of 2022, compared to loss per ordinaryshare of RMB2.17 in the first quarter of 2021.
  • Diluted income per ordinaryshare was RMB0.47 (US$0.07) in the first quarter of 2022, compared to loss per ordinaryshare of RMB2.17 in the first quarter of 2021.

Li Auto Inc. February 2022 Delivery Update

Retrieved on: 
Tuesday, March 1, 2022

BEIJING, China, March 01, 2022 (GLOBE NEWSWIRE) -- Li Auto Inc. (Li Auto or the Company) (Nasdaq: LI; HKEX: 2015), an innovator in Chinas new energy vehicle market, today announced that the Company delivered 8,414 Li ONEs in February 2022, up 265.8% year over year.

Key Points: 
  • BEIJING, China, March 01, 2022 (GLOBE NEWSWIRE) -- Li Auto Inc. (Li Auto or the Company) (Nasdaq: LI; HKEX: 2015), an innovator in Chinas new energy vehicle market, today announced that the Company delivered 8,414 Li ONEs in February 2022, up 265.8% year over year.
  • We are taking additional measures to ensure supply and safeguard production, aiming to shorten the waiting time of delivery to our users.
  • The Company started volume production of Li ONE in November 2019 and released the 2021 Li ONE in May 2021.
  • All information provided in this press release is as of the date of this press release, and Li Auto does not undertake any obligation to update any forward-looking statement, except as required under applicable law.