financial report Archives - Page 2 of 11

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

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

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

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

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

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

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

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

NIO, a leading company in the premium smart electric vehicle market, reported total revenues of 10,29 million yuan ($1,536 million) in the second quarter of 2022, representing a year-on-year increase of 21.8%.

Baidu Reports Total Revenues of $4.43B, Driven by Baidu AI Cloud up 31% YoY

Beijing-based AI giant Baidu, Inc announced on August 30 its unaudited financial results for the second quarter ended June 30, 2022.

Chongqing Xiaomi Consumer Finance Posts H1 Net Loss of $13.47M

Chongqing Rural Commercial Bank, which is listed on the Hong Kong Stock Exchange (HKEx), disclosed on August 25 its latest semi-annual report, also mentioning the performance of its joint venture Chongqing Xiaomi Consumer Finance Co., Ltd., which owns its shares.

BYD’s H1 Net Profits Exceed Full Year of 2021

Shenzhen-based automotive firm BYD released a financial report on August 29, showing that its revenue in the first half of this year reached 150.607 billion yuan ($21.8 billion), a year-on-year increase of 65.71%.

OFilm Reports H1 Net Loss of $125.8M after Losing Important Customers

OFilm, a high-technology manufacturing and assembly company in China, on August 29 released its financial report for the first half of this year. Its net loss during the period was 870 million yuan ($125.8 million).

Meituan Reports 16.4% YoY Increase of Q2 Revenue

Meituan, China’s leading e-commerce platform for services, saw its revenues increase by 16.4% to 50.9 billion yuan ($7.42 billion) in the second quarter of the year, according to its financial report released on August 26.

CATL Announces $1.19B in H1 Net Profits

The revenue of leading Chinese battery firm CATL maintained rapid growth in the first half of the year, despite the high price of upstream raw materials.

Geely Achieves H1 Auto Sales of 614,000 Units

Zhejiang-based automaker Geely released its financial report for the first half of 2022 on August 18, showing that it had achieved operating income of 58.2 billion yuan ($8.57 billion) during the period, a year-on-year increase of 29%.

Tencent’s Q2 Disclosure a Mixed Blessing, Hoping to Defy Gravity in Shaky Market

Chinese internet giant Tencent logged its first-ever quarterly revenue fall along with declining net profit for the fourth consecutive quarter, according to its second-quarter 2022 results released on August 17.

HUYA 2022 Q2 Financial Analysis: User Expansion and Operational Optimization Drive Sustainable Development

Huya, a leading company in China’s live streaming industry known for its game and e-sports content, has announced its Second Quarter 2022 financial results on August 16.

Li Auto’s Q2 Losses Widen, Q3 Guidance Misses Expectations

Chinese electric vehicle startup Li Auto saw its losses widen in the second quarter of the year, according to its periodic fiscal disclosure on August 15, which also provided soft guidance for the third quarter.

Huawei Reports $44.73 Billion H1 Revenue

Shenzhen-based Huawei announced its business results for the first half of 2022 on August 12. The company has indicated that overall performance was in line with forecasts.

SMIC Announces Board Changes and Q2 Financial Report

Chinese chipmaker Semiconductor Manufacturing International Corporation (SMIC) on August 11 announced several board changes and its financial report for the second quarter of this year.

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