financial report Archives - Pandaily

HUYA Posted Quarter-on-Quarter Revenue Growth in Q2 2024, Declaring $250 Million Special Cash Dividend

Pandaily — Wed, 14 Aug 2024 12:02:08 +0000

In HUYA Inc.’s 2nd quarter of 2024, game-related services, advertising and other revenues grew rapidly to 308.5 million yuan, reaching 20 percent of its total net revenues, signaling the positive progress of the company’s strategic transformation.

HUYA Inc. 2024 Q1 Results: Strategic Transformation Makes Good Progress in Game-Related Services, Returning an Aggregate Value of Nearly $200 Million to Shareholders

Pandaily — Mon, 13 May 2024 13:59:37 +0000

Since last August, Huya Inc. has swiftly made strategic transformation to diversify business by exploring further into game-related services. The financial results of 2024 Q1 demonstrated encouraging progress.

ATRenew Posts Record Profit as Quality Control Automation Push Drives Efficiency

Pandaily — Fri, 15 Mar 2024 14:52:18 +0000

ATRenew, the operator of China’s top consumer electronics transactions and services platform, on Tuesday delivered a three-month profit record, in which it posted $11.5 million in adjusted operating profit for the fourth quarter, a new quarterly record.

PDD Q2 Financial Report: Net Profit up 47% YoY

Pandaily — Wed, 30 Aug 2023 10:38:11 +0000

On August 29th, PDD released its unaudited financial report for the second quarter ending on June 30, 2023. The net profit attributable to ordinary shareholders was $1.81 billion, a 47% increase compared to the same period last year.

NIO’s Mobile Phone Plan Is Scheduled to Be Delivered in Late September

Pandaily — Wed, 30 Aug 2023 04:20:12 +0000

NIO released its financial report for Q2,2023. During the performance conference call, William Li revealed that they plan to deliver the smartphone product in late September.

Leapmotor’s Gross Profit Margin Increases by 20 Percentage Points: Further Room for Price Reduction

Pandaily — Mon, 28 Aug 2023 07:42:57 +0000

Leapmotor has released its performance report for the first half of this year after a price reduction in the second quarter.

ATRenew Sets New Quarterly Revenue Record as Refurbishing and Diversification Efforts Pay Off

Pandaily — Fri, 25 Aug 2023 13:03:36 +0000

ATRenew, the operator of China’s top consumer electronics transactions and services platform, on Wednesday set a new quarterly revenue record as it upped the ante in refurbishing gadgets while branching out into the recycling of other items.

Analyzing HUYA Inc. 2023Q1 Financial Results: Revenue and Net Income Exceeding Expectations, Demonstrating Enhanced Operational Efficiency and Profitability

Pandaily — Tue, 16 May 2023 14:41:59 +0000

On May 16, 2023, Huya Inc., a leading game live streaming platform in China, announced its 2023 Q1 financial results.

China Renaissance Delays 2022 Results after Founder Goes Missing

Pandaily — Tue, 04 Apr 2023 02:05:51 +0000

China Renaissance, a prominent player in China's tech industry, announced on April 3 that it would halt trading of its shares and postpone the release of its annual results.

TikTok Rival Kuaishou’s Business in China Turns Profitable in 2022

Pandaily — Thu, 30 Mar 2023 02:30:00 +0000

Kuaishou, a Chinese short video platform, reported a 16.2% increase in total revenue last year to reach 94.2 billion yuan ($13 billion), up from 81.1 billion yuan in 2021. The company also significantly reduced its adjusted net loss from 18.9 billion yuan in 2021 to just 5.8 billion yuan last year.

Tencent’s Net Revenue and Profit Declines in 2022, Q4 Net Profit Increases By 19%

Pandaily — Wed, 22 Mar 2023 13:11:53 +0000

Leading Chinese tech firm Tencent released its 2022 Q4 and full-year financial report on March 22.

HUYA 2022 Q4 and Full Year Earnings Analysis: Q4 Revenue in Line, Achieving Stable User Performance While Promoting Operational Efficiencies

Pandaily — Tue, 21 Mar 2023 13:25:47 +0000

On March 21, 2023, Huya Inc., a leading game live streaming platform in China, has released its 22Q4 and full year financial results, achieving steady quarterly and yearly user scales, with its 2022Q4 total net revenues in line with market consensus.

XPeng Reports $0.96B Q3 Revenue, US Stock Price up 6.53%

Pandaily — Wed, 30 Nov 2022 13:07:28 +0000

XPeng, a leading Chinese electric vehicle company, on November 30 announced its unaudited financial results for the third quarter of 2022. Its total revenues were 6.82 billion yuan ($0.96 billion) for the third quarter, representing a year-on-year increase of 19.3%.

PDD Says It Needs to Invest More on Innovation, Warns Profit Levels Not Sustainable

Pandaily — Mon, 28 Nov 2022 12:30:15 +0000

PDD Holdings, the multinational commerce group that operates the Pinduoduo and Temu platforms, said that it’s unlikely to sustain current profitability with planned increases in technology investments amid intense industry competition.

Xiaomi Sees Annual Decline in Q3 Net Profits and Revenue, Car Production Ran Smoothly

Pandaily — Thu, 24 Nov 2022 04:34:35 +0000

Xiaomi released its financial report for the third quarter of 2022 on November 23. Its revenue in the period was 70.47 billion yuan ($9.87 billion), down 9.7% year-on-year. Net profits were -1.476 billion yuan, while adjusted net profits were 2.117 billion yuan, down 59.1% year-on-year.

Baidu Reports $4.57B Q3 Revenue and Abundant Free Cash Flow

Pandaily — Tue, 22 Nov 2022 13:18:43 +0000

Chinese tech and Internet giant Baidu announced on November 22 its unaudited financial results for the third quarter ended September 30, 2022, beating market consensus, with Baidu Core's non-GAAP operating profit increasing by 14% year over year.

Tencent Distributes Meituan Shareholding Worth of $20B

Pandaily — Wed, 16 Nov 2022 12:47:32 +0000

On November 16, Tencent released its financial report for the third quarter of 2022, and announced its decision to distribute most of its shares in Meituan, which will be completed in March next year. Tencent President Martin Lau has resigned as a non-executive director of Meituan.

China Construction Bank Responds to Sudden System Failure

Pandaily — Wed, 16 Nov 2022 11:16:55 +0000

Many consumers in mainland China reported on the morning of November 16 that attempted money transfers were unsuccessful when using the mobile app of China Construction Bank, one of the country's "big four" banks, triggering extensive social media discussion.

HUYA 2022 Q3 Earnings Analysis: Efforts in Technology Advancement, Product Upgrade and Quality Content Help Improve Huya’s Resilience in Uncertain Environment

Pandaily — Tue, 15 Nov 2022 14:58:35 +0000

China’s major game live streaming platform Huya Inc., has announced its third quarter 2022 financial results on November 15. Huya has recorded quarter-on-quarter growth in the total net revenues and net income, with the average mobile MAU of Huya Live increasing steadily to 86 million.

Adidas’s Q1-3 Revenue in China Down Over 25%

Pandaily — Thu, 10 Nov 2022 09:48:00 +0000

Adidas announced its financial results for the third quarter of 2022 on November 9. The firm's performance in Greater China, its former growth engine, continued to exhibit poor results.

Real-time Interactive Service Provider Agora to Lay Off 30% of Employees

Pandaily — Tue, 25 Oct 2022 14:42:13 +0000

Agora, a Nasdaq-listed real-time voice and video engagement service provider, is carrying out a business adjustment with the "optimized" proportion of personnel positions to be about 30%.

Battery Giant CATL’s Q3 Profit Increases by 188.42% YoY

Pandaily — Fri, 21 Oct 2022 14:00:00 +0000

Chinese battery giant CATL disclosed its third-quarter financial report on October 21, showing its revenue reaching 97.4 billion yuan ($13.4 million) in the third quarter and 210.34 billion yuan ($29 million) in the first three quarters.

BYD Responds to Stake Cut by BlackRock, World’s Largest Asset Manager

Pandaily — Wed, 19 Oct 2022 12:24:54 +0000

World-leading asset manager BlackRock launched a reduction in BYD H shares, bringing its shareholding ratio from 6.21% to 5.85%.

BYD Predicts Minimum Q3 Profits of $765M, Annual Performance to Exceed Expections

Pandaily — Tue, 18 Oct 2022 03:50:00 +0000

Chinese electric vehicle maker BYD announced on October 17 that it expects net profits in the third quarter to reach between 5.505 billion and 5.905 billion yuan ($764.79 million - $820.36 million), an increase of 334%-365% from the same period last year.

CATL’s Q3 Profits Exceed $1.22B, Setting New Record

Pandaily — Tue, 11 Oct 2022 03:37:00 +0000

A financial report for Chinese battery giant CATL released on October 10 showed that its net profits for the third quarter of this year are expected to total between 8.8 billion and 9.8 billion yuan ($1.22 billion - $1.36 billion), up 169% to 199% year-on-year.

Report: ByteDance Did Not Lose $84.9B in 2021 as Claimed

Pandaily — Mon, 10 Oct 2022 11:35:59 +0000

TikTok parent company ByteDance reportedly achieved revenue of $61.7 billion in 2021, an increase of 80% year-on-year. Meanwhile, net losses reached an astonishing $84.9 billion.

NIO Sees Large Increase of Net Losses in Q2