financial report Archives - Page 2 of 10

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.

Luckin Coffee’s Q2 Net Revenue Up 72% YoY

Chinese beverage chain Luckin Coffee has announced its financial report for the second quarter of 2022, as well as the appointment of An Jing as its new Chief Financial Officer, effective August 8.

TuSimple Loses $110 Million in Operations in Q2

On August 2, TuSimple, a driverless truck company, released its Q2 financial report. In Q2, its revenue totaled $2.594 million, up 73% compared with that of $1.482 million in the same period last year.

Miniso Responds to Critical Report by Blue Orca Capital

Chinese low-cost retailer Miniso responded on July 27 to allegations made in a recent report by short selling institution Blue Orca Capital. The company said it believes that the report is groundless and contains misleading interpretations and conclusions.

Pinduoduo R&D Spending Hits Record in 1Q in Innovation Push

Pinduoduo reported a slower pace of growth in the first quarter as the agricultural platform operator shifted its focus to research and development.

Baidu Reports Total Revenues of Over $4B in Q1

Beijing-based internet and technology giant Baidu announced on Thursday its unaudited financial results for the first quarter ended March 31, 2022.

Online Q&A Platform Zhihu Reportedly Reduces Staff by 20%-30%

Recently, many employees said on social media platforms that Zhihu, an online Q&A platform in China, has been reducing its staff by 20%-30%.

Luckin Coffee Delivers First Quarterly Operating Profit Since Founding

Chinese beverage chain Luckin Coffee released its unaudited 2022 first quarter report on Tuesday, showing it achieved revenue of 2.4 billion yuan ($359.9 million) during the period.

Kuaishou Q1 Revenue Rose 24% to 21.1 Billion Yuan

Kuaishou Technology, China's leading content community and social platform, released its financial report for the first quarter of this year.

NetEase Registers Net Revenue of $3.7B in Q1, Year-on-Year Increase of 14.8%

Hangzhou-based internet tech firm and online gaming provider, NetEase, Inc., published its financial report for Q1, 2022. Its net revenue totaled $3.7 billion, up 14.8% year-on-year.

Kuaishou Denies Chairman Su Hua Under Investigation

In response to a report on Monday that Su Hua, chairman of Chinese short video platform Kuaishou, was taken away by Chinese authorities for investigation at the end of April, Kuaishou issued a statement on Monday denying the rumor.

Article on Chinese Economy Forwarded by Tencent CEO Pony Ma Triggers Heated Discussion

An article about the Chinese economy published by an official WeChat account was widely forwarded among users on May 21. It was reported that Tencent CEO Pony Ma had also forwarded the article.

Xiaomi Reports 52.9% YoY Decrease of Adjusted Net Profit in Q1

Beijing-based tech giant Xiaomi released on Thursday its unaudited consolidated results for the three months ended March 31, 2022.

Tencent’s Non-IFRS Net Profit in Q1 Decreases by 23% YoY

On Wednesday, Chinese tech giant Tencent released its first quarter financial report. In the first quarter of this year, Tencent achieved a revenue of 135.47 billion yuan ($20 billion), which the company considered stable.

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