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Kingsoft Cloud Announces Q2 2021 Financial ResultsIn Q2 2021, the company generated CNY 2.2 billion in revenue, with a year-on-year increase of 41.6%. According to Kingsoft Cloud's Q2 2021 financial announcement: - Revenue rose by 41.6%, reaching CNY 2.2 billion. - Gross profit hit CNY 119 million, representing a 46.8% growth. - The gross profit margin was 5.5%, compared with 5.3% in the same period of 2020. - Among the company's major businesses, its public cloud services recorded CNY 1.6 billion in revenue, reporting an increase of 20.5%; the revenue for its enterprise cloud was CNY 622 million, which extended 152.8%; and other businesses generated CNY 800,000. - During the reporting period, Kingsoft Cloud's cost was CNY 2.1 billion, showing a growth of 41.3%; IDC cost hit CNY 1.3 billion, representing an increase of 28.3%; and the depreciation and amortization cost recorded CNY 183 million, which was a decline by 15.8%. - Moreover, the firm's sales and marketing expenses reached CNY 96.1 million, with a decrease of 12.5%; its administrative expenditure was CNY 111 million, showing a decline of 35.1%; and its R&D expense recorded CNY 232.3 million. - Healthcare field: the company adopted a customized project strategy in the Hubei Healthcare Data Center and Public Health Emergency Management Platform – a sub-project for constructing a healthcare data center and application support. - Financial field: Kingsoft Cloud assisted in constructing Shandong Provincial Supply Chain Financial Platform 'Taifuxin.' At present, the firm has served nearly half of the large state-owned banks, accounting for 60% of the top 10 banks in China. - Public services: the company successfully won the selection project to prepare the top-level design for the housing and urban-rural construction information center, helping it improve its information technology and business operating system.
NASDAQ:KC
by EqualOcean
Country Garden Announces H1 2021 Financial ResultsDuring the six months through June, the company generated CNY 234.9 billion in revenue, with a year-on-year increase of 27%. According to Country Garden's H1 2021 financial announcement: - Revenue rose by 27%, reaching CNY 234.9 billion. - Gross profit hit CNY 46.3 billion (up 3.1%), and the gross profit margin was 19.7%. - Net profit was about CNY 22.4 billion, with a year-on-year growth of 2.3%. - Among the company's major businesses, its sale of properties recorded CNY 227.9 billion in revenue, reporting an increase of 26.6% and accounting for 97% of total revenue. The revenue from providing construction services was CNY 4.1 billion, made of 3% of total revenue; rental income hit CNY 374 million and other income was CNY 2.5 billion. - During the reporting period, the sales amount of the company's equity contract was about CNY 303.1 billion, showing an increase of 14%; the area of contracted sales of equity properties hit approximately 34.5 million square meters, representing a growth of 8%. - As of June 30, the firm covered 31 provinces, 296 prefecture-level administrative regions and 1,408 districts and counties in China, with a total of 3,127 projects.
HKEX:2007
by EqualOcean
Kingsoft Office Announces H1 2021 Financial ResultsDuring the six months through June, the company generated CNY 1.6 billion in revenue, with a year-on-year growth of 70.9%. According to Kingsoft Office's H1 2021 financial announcement: - Revenue rose by 70.9%, reaching CNY 1.6 billion. - Net profit hit CNY 549 million, representing a 53.5% increase. - Among the company's major businesses, its software licensing business recorded CNY 640 million in revenue, reporting an increase of 199.8%; the revenue for its office service subscription business was CNY 735 million, which extended 37.9%; its internet advertising promotion and other business generated CNY 190 million, with a growth of 12.2%. - During the reporting period, the cumulative number of paid individual members was 21.9 million, showing an increase of 30.2%. - As of June 30, the monthly active users reached 501 million, representing a growth of 10.4%. - In H1 2021, the firm expanded its personal cloud space from 1GB to 5GB, uploading a total of 108.5 billion files to the cloud through the public cloud, with a growth rate of 57%. - Moreover, the total number of R&D staff exceeded 2,188, accounting for over 60% of the company's total headcount, and its R&D investment was CNY 439 million.
SSE:688111
by EqualOcean
Haidilao Releases H1 2021 Financial ResultsIn the first half of 2021, Haidilao's revenue increased by 105.9% year-on-year, and its net profit turned from loss to profit. According to the interim performance report of 2021: - The operating revenue was CNY 20.094 billion (up 105.9% year-on-year). - The net profit was CNY 96.5 million, compared with a net loss of 965 million yuan in the same period last year. - Customers' per capita consumption decreased from CNY 112.8 in the first half of 2020 to CNY 107.3 in the same period in 2021, close to the level in 2019 before the epidemic. - The operating revenue of Haidilao restaurant in H1 2021 reached CNY 19.419 billion, achieving an increase of 112.2%. It accounted for 96.6% of the total revenue from 93.7% in the same period last year. The proportion of takeout business decreased to 1.7% from 4.2% accordingly. - As of June 30, 2021, Haidilao had 1597 global stores. - The average turnover rate of Haidilao in the first half of 2021 was only 3.0 times per day. - The number of members was 85 million, accounting for over 80% of the total turnover. - Up to now, Haidilao has built and renovated more than 100 new technology restaurants. The intelligent boiler dispenser has been applied in more than 70 stores, the vegetable delivery robot has been deployed in more than 1000 stores, and the intelligent exhaust equipment has been deployed in more than 600 stores. In order to strengthen internal management and operation, Haidilao adjusted its organizational structure in the first half of 2021. Besides, it also enriches customers' dining experience through diversified products, and hands over the power to launch more new products to regions themselves. Meanwhile, Haidilao also announced the changes in the members of the board of directors, adding seven executive directors Yang Lijuan and two independent non-executive directors, so as to further realize the rejuvenation of the enterprise management team.
HKEX:6862
by EqualOcean
iFLYTEK Announces H1 2021 Financial ResultsDuring the six months through June, the company generated CNY 6.3 billion in revenue, with a year-on-year increase of 45.3%. According to iFLYTEK's H1 2021 financial announcement: - Revenue rose by 45.3%, reaching CNY 6.3 billion. - Net profit hit CNY 419 million, representing a growth of 62.1%. - In H1 2021, the revenue of software and information technology service business was CNY 6.2 billion (up 45.8%), accounting for 98.0% of total revenue; its education and teaching business generated CNY 106 million (up 32.3%), taking up 1.7%; income from other businesses reached CNY 19.4 million (down 8.4%), making up 0.3%. - Among the firm's major businesses, consumer business accounted for the highest proportion of revenue (29.8%), following by education (29.1%). - For its education business, the revenue of education products and services recorded CNY 1.7 billion, showing a growth of 31.5%. - For its smart medical business, the revenue of medical business hit CNY 99.9 million, representing an increase of 34.1%. - For its smart cities business, the revenue of information engineering reached CNY 974 million, with a year-on-year growth of 3.9%; smart political and law industry applications generated CNY 288 million, indicating an increase of 30.5%; revenue from digital government-industry application recorded CNY 267 million, showing a rise of 74.7%. - At the same time, iFLYTEK's operating costs reached CNY 3.6 billion, showing an increase of 53.3%; its sales expenditure hit CNY 996 million, with a rise of 22.1%; the company's administrative expenses were CNY 415 million, indicating a growth of 28.3%; its R&D expenditure was CNY 1.2 billion, representing an increase of 27.4%.
SZSE:002230
by EqualOcean
ridethepig | CNH Market Commentary 22.08.2021Buyers position marks (5) as a soft and temporary floor. Other events can cause the base to appear a lot stronger than it does, so the transfer of the attack from one direction to the other can be subtle, although not a matter of pure chance. It has been a relatively straight forward flow, but one that has not seen much light thrown on the subject thanks to noisy explanations. As can be seen in the charts below, @ridethepig was concerned at the highs. The said possibility of a temporary floor is much rather a natural profit taking move in the struggle against sentiment. A considered judgement about the perverse signally from PBOC and Xi ought to look something like; base at 6.35xx is strong support (after the powerful legs lower it is very sensitive). That is the real truth, we are inside a multi-year decline that could go a lot. lot lower, for now, we shall have to content ourselves with limiting adding short positions till we are back above (4) highs at 6.587x for another test of the lows in our current range (6.58x - 6.40x).
Long
by ridethepig
2
NASDAQ Golden Dragon: falling knifeI am sorry to draw the attention of all those who are not indifferent $ BABA $ BIDU $ TAL $ NIO $ LI $ VIPS $ JD $ PDD From a technical point of view, the potential for a fall of 30 points, this is the middle of multi-year accumulation at the end of 2013-2017 Also, the level I set in the middle of the range acted as support twice: in 2019 and 2020 The largest cluster in the volume profile coincides with the set level The rise, as well as the fall, were very exponential and were accompanied by high momentum, so the likelihood of a return to this zone is high. It may well be an impulse that returns to its starting point. We are seeing a steep drop and a gradual increase in trading volumes, so do not rush to buy off the bottom. China will provide excellent opportunities in the future, all that is needed now is to wait for the asset to slow down its decline and go into the accumulation
NASDAQ:PGJShort
by xroostec
China bash... it ain't over...Of late, Chinese stocks had been bashed and a downside target was set as a Buy Zone. The thing is, the GXC nicely bounced twice by huge gaps (see the orange rectangle), and appears to be clocking two lower lows. Of interest is the current lower low to be... said so as a gap up marubozu is typically bullish, but was transformed into a bearish harami. This happened just short of closing the larger initial gap (uncolored rectangle), and appears to have closed the gap and re-opened it, suggesting ominous bearish outcomes. Technicals below do not show strength, suspect of a hidden bear. Taken altogether, there is likely a revisit to the last lows.
AMEX:GXC
by Auguraltrader
SF Holding Announces H1 2021 Financial ResultsDuring the six months up to and ending in June, the company generated CNY 88.34 billion in operating revenue, up by 24.2%. According to SF Holding's financial announcement for the first half of 2021: - Operating revenue rose by 24.2%, reaching CNY 88.34 billion. - The net profit attributable to the shareholders of the listed company was CNY 760 million (drop 79.8% year-on-year), of which the net profit attributable to the parent company in Q1 and Q2 was CNY -989 million and CNY 1.75 billion, respectively. - The express logistics business volume was 5.13 billion tickets, achieving a year-on-year increase of 40.4%. The average increase was 59.5% over the past two years, higher than the industry's average growth rate of 33.4% in the same period. - The reported revenue of SF Express was CNY 61.1 billion. The total revenue of the new business segment increased by 43.77% year-on-year, contributing more than 48% of the revenue increment, and the proportion of revenue increased from 26.69% to 30.89% in the same period of 2020. - The revenue of SF Express business reached CNY 11.51 billion, through the cooperation mode of SF Express direct sales network, Shunxin Jetta Franchise network and other resources. The increasing portion for the overall LCL volume, the direct sales network volume and the franchise network volume was 81.3%, 88.7% and 62.5%, respectively. - SF's local emergency delivery business realized a tax-free operating income of CNY 2.241 billion (up 77.12% year-on-year), which was higher than the average growth rate of the industry. - By the end of the reporting period, the number of one-stop home service orders of SF Express had increased by more than 400% year-on-year, and the service timeliness rate reached 99.29% high, the service category had increased by 45% year-on-year. - SF cold chain business (including food cold transportation and pharmaceutical logistics) achieved an overall tax-free operating revenue of CNY 3.72 billion (up 14.79% year-on-year), while the supply chain business realized an operating income excluding tax of CNY 5.29 billion (up 79.02% year-on-year). - SF International Express's tax-free operating revenue reached CNY 3.28 billion, representing a year-on-year increase of 12.94%, covering 78 overseas countries and regions. During the reporting period, SF International opened 8 new flows and 9 new international all-cargo aircraft routes. - By the end of the reporting period, SF Holding had accumulated total assets of CNY 133.39 billion, increasing by 20% compared with that of the end of 2020. The net assets attributable to shareholders of listed companies were CNY 56.68 billion (up 0.42%). Meanwhile, the liability ratio increased from 48.94% on December 31, 2020, to 57.04% on June 30, 2021.
SZSE:002230
by EqualOcean
Growing Stocks to Watch in the Chinese Market: (NFH:NYSE)● The regulatory and other uncertainties in the Chinese market directly impact sectors like fintech, gaming and education. ● Winners will be companies that have benefited from the regulatory change or captured the newly emerging opportunities. ● We are bullish on Hailiang Education, WiMi Hologram Cloud, 360 DigiTech and New Frontier Health and will explain the reasons in this article. New Frontier Health (NFH:NYSE) New Frontier Health, the parent company of one of Asia's largest high-end medical service providers – United Family Healthcare, offers customized healthcare services. The company includes over 600 full-time doctors from 25 countries, over 1,000 part-time specialists and over 1,000 nurses. In early 2020, the COVID-19 outbreak affected the company's business. resulting in a lower income level at the pediatric and O.B departments that year. However, it is clear now that New Frontier is recovering from the pandemic with growing revenue, narrowing net losses and upping EBITDA, while it has been dropping operating expenses. It is proven that the overall operational efficiency and profitability have been improved. In February of 2021, the buying party of New Frontier made a privatization offer to buy back all the common stocks at USD 12 per share, to delist the company from the NYSE. The next step will be the IPO on the Hong Kong bourse. Aging China presents new growth opportunities for private healthcare companies. the planned exchange 'migration' may also help the company to overcome undervaluation in the US capital market and gain more recognition from the local investors in Hong Kong. For the full article with the charts, please visit the original link.
NLong
by EqualOcean
Growing Stocks to Watch in the Chinese Market: (WIMI:NASDAQ)The regulatory and other uncertainties in the Chinese market directly impact sectors like fintech, gaming, and education. Winners will be companies that have benefited from the regulatory change or captured the newly emerging opportunities. WiMi Hologram Cloud (WIMI:NASDAQ) WiMi Hologram Cloud is one of China's top holographic Cloud technical solution providers that focuses on AR automotive HUD software, 3D holographic pulse LiDAR and holographic microelectronics. Frost & Sullivan, for instance, described WiMi's holographic AR application platform as one covering the most comprehensive set of AR products in China. WiMi reported a 140% year-over-year increase in revenue from CNY 319 million in 2019 to CNY 766 million in 2020. The net income before the impact of stock compensation expenses was CNY 40.3 million in 2020, presenting a decreasing trend mainly due to a 362.8% increase in R&D expenditure. Also, with the increasing application solutions demand on the 3D vision-related semiconductors, WiMi broke into the market. WiMi's 56% of the 2020 revenue was contributed by its semiconductor business, which was just launched in July of that year. Along with the rise in the Chinese semiconductor industry that is vigorously supported by the state, the business is going to build a new growth curve for WiMi. For the full article with the charts, please visit the original link.
NASDAQ:WIMILong
by EqualOcean
Growing Stocks to Watch in the Chinese Market: (QFIN:NASDAQ)Analyzing four small-cap opportunities appearing amid the regulatory storm. 360 DigiTech (QFIN:NASDAQ) 360 DigiTech is a tech-empowered digital platform. By using data-driven technology, it enables financial institutions to provide better and targeted products and services to a broader consumer base. Unlike many of its peers, the company is a pure SaaS platform that generates considerable revenue from technology services. In the third quarter of 2020, 360 DigiTech brought its net tech income to around 50% of the total income for 2020. Embedded finance is a to-B business that is featured in 360 DigiTech's core strategy. It stands for tech-powered services, especially those in the risk management area. It is embedded into other Internet businesses, like Du Xiaoman Financial, DidiChuxing, Meituan, Xiaomi Finance, JD Digits, reaching tens of millions of potential users in a variety of consumer scenarios, such as online shopping, transportation and food delivery. Also, 360 DigiTech's to-B business has seen an expansion of the client base that has helped the company maintain the leading position in the sector. We believe to-B business is the technological advancement that will support the company to maintain its high and steady growth in the future. What is more, the latest antitrust regulation wave is going to further benefit smaller fintech platforms, represented by 360 DigiTech. For the full article with the charts, please visit the original link.
NASDAQ:QFINLong
by EqualOcean
Growing Stocks to Watch in the Chinese Market: (HLG:NASDAQ)Analyzing four small-cap opportunities appearing amid the regulatory storm. In May 2021, a public company in China valued at CNY 3 billion was rejected by the investors for a roadshow, because it is considered a small-cap share with limited liquidity. This fired up the capital market in China and brought the topic to debate again: should we treat a company solely based on market capitalization? We think it is rather irrational to determine the long-term value of a company based on its current market cap. In this article, we will analyze four Chinese small-cap companies with outstanding capabilities and future prospects. Hailiang Education (HLG:NASDAQ) Hailiang Education is one of the largest educational service providers for primary, middle and high schools in China. By the end of March 31, the company had 41 schools in its network, of which 13 were owned or sponsored and 28 were under full management. With the strategy of deploying in both domestic and international education, Hailiang Education has a continuously growing student scale and improving educational outcomes, which serve as its main engine to lead China's education sector. Among the most popular players in the K12 private school sector in China, Hailiang Education has been generating the highest revenue for its investors. In the past years, Hailiang Education has been actively acquiring and cooperating with more private schools both domestically and globally to expand its network. K12 Education is critical for China which has set education development as a strategic priority. Therefore, the future market is expected to be substantial for Hailiang Education. What is more, the state has lately restricted off-campus educational training courses. This move will effectively shift many domestic educational companies into a non-profit model. Under these circumstances, Hailiang Education, a private school operator, is expected to benefit hugely. For the full article with the charts, please visit the original link.
HLong
by EqualOcean