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China Market Finally Bottomed After a Prolonged Panic Sell Off?Due to the repeated news of Chinese government's crackdown on the monopolistic practices of Chinese Technology companies that worried some investors on the long term impact of investing in these companies and the we have seen a prolonged sell off by both retailers and institutional investors in many of the Chinese Tech companies namely Alibaba ( HKEX:9988 and Tencent HKEX:700 . However, the good news is that the impact of these policies are likely to have minimal impact on the business model of these companies targeted and also from the technical aspect, we have seen TVC:HSI hitting a confluence horizontal and long term trendline support line with bullish candlesticks formed over the past few trading days. Moreover, signs of capitulation can be seen in big constituents of HSI such as NYSE:BABA , thus further suggesting that a reversal might be around the corner. In retrospect, many of these great Chinese companies are very undervalued served as a great opportunity for investors to hop on and catch some great profits ahead.
TVC:HSILong
by minjiarui16
1
Futu Releases Q2 2021 Financial ReportAs a global technology-based securities firm, Futu Holdings Limited (Futu:NASDAQ) is committed to driving innovation with science and technology to provide more convenient and ultimate financial science and technology services for major markets around the world. According to Futu's released performance report for the second quarter of 2021: - The total revenue reached USD 200 million (about CNY 1.29 billion), with a year-on-year increase of 129%. It presents a triple-digit growth for six consecutive quarters. - The net profit under non-GAAP was USD 70.9 million (about CNY 458 million), showing a year-on-year increase of 127%. - The trading commission and fees increased by 95% to USD 100 million, where interest income increased by 194% to USD 78.6 million (about CNY 508 million), and other income (including wealth management and enterprise service business) increased by 141% to USD 21.7 million (about CNY 140 million). - As of June 30, 2021, the number of registered users has officially exceeded 15.5 million, with a year-on-year increase of 67%. The number of customers opening accounts reached 2.32 million (up 143%) and the number of customers with assets achieved a 2.3 times increase to over 1 million. - The customer retention rate reached 98% in the first half of 2021. - It achieved a net increase of 211,000 customers with assets in Q2 2021, more than three times that of the same period of 2020. By the end of the reporting period, the assets had exceeded USD 64.8 billion (about CNY 418.74 billion), showing a year-on-year increase of 254%, and the average assets of customers with assets had reached USD 65.000 (about CNY 420,000). - The total transaction volume totaled USD 169.4 billion (about CNY 109 million) in Q2 2021, representing a year-on-year increase of 104%. - Customers' average daily revenue transactions (DARTs) increased 105%, reaching 541,000. -As of June 30, 2021, the AUM of Futu Money Plus reached USD 1.77 billion (about CNY 11.44 billion), achieving a year-on-year increase of 59%. Futu Money Plus has connected with about 50 global well-known fund company partners (7 new partners in Q2 2021), including Goldman Sachs Asset Management, Hanya Investment, UBS asset management, etc. - As of June 30, 2021, Futu had provided IPO distribution and IR services to 186 enterprises. - There are 26 enterprises in Futu's '10 Billion Club' (subscribed over HKD 10 billion), of which JD Logistics (002618:HK), Angelalign (006699:HK), Nayuki (002150:HK), Carsgen (002171:HK) and other enterprises were added in the second quarter of 2021. - By the end of the reporting period, more than 600 new economic enterprises had settled in Futu Niuniu community. - In addition, Futuie has signed with 263 ESOP option management customers, with a year-on-year increase of 189% in Q2 2021. Customers include leading enterprises in medical and health, consumer retail, cutting-edge technology and other industries, such as Yidu Tech Group (002159:HK), Simcere (002096:HK), Popmart (009992:HK), Nayuki (002150:HK), etc. - Futu was officially included in the MSCI Hong Kong Index in Q2 2021. At the same time, it was awarded BBB - by S&P Global Ratings.
NASDAQ:FUTU
by EqualOcean
Meituan Achieves a 77% YoY Revenue Growth in Q2 2021The platform earned CNY 43.80 billion in Q2 2021 while reducing its monthly operating loss to CNY 3.25 billion. According to survey data, 60% of full-time riders have a monthly income of more than CNY 5,000. - On August 30, 2021, Meituan, the Chinese life service e-commerce platform, released its Q2 financial report. The report shows that the company earned a quarterly revenue of CNY 43.80 billion, with a year-on-year increase of 77%, and the monthly operating loss was reduced to CNY 3.25 billion. - In terms of businesses, the platform's revenue of takeout food was CNY 23.10 billion, accounting for 52.74% of the total; earnings from hoteling were CNY 8.60 billion, covering 19.63% of the total. As indicated by the firm, its retail business continued to build its core infrastructures and has begun to establish nationwide cold-chain logistics, while promoting the growth of high-quality agricultural products across the country. - Wang Xing, CEO of Meituan, said that their businesses continued to maintain steady growth in Q2 2021, thanks to the continuous and stable recovery of China's economy and the company's deep integration of digitization with the real economy and service economy. He also mentioned the company's firm determination to implement relevant national policies, play a proactive role in social responsibilities, and utilize the power of technology to propel China's economic development. - As for expenditure, Meituan's R&D investment in Q2 2021 reached CNY 3.90 billion, with a year-on-year increase of over 60%. At the same time, the cost of the riders reached CNY 15.50 billion, a year-on-year increase of 53%. - In terms of data, the number of users trading on the platform annually was 630 million and its active businesses up to 7.7 million until Q2 2021, both reaching a record high; the average per capita number of transactions was 32.8 annually, a year-on-year increase of 27.8%. - In June 2021, the firm launched the 'takeout housekeeper service' to help digitalize the operation of high-quality but small- and medium-sized businesses. As the first phase of special subsidies, CNY 150 million was invested by the platform to provide 30,000 small and medium-sized businesses with three-month online operation services free of charge. Until now, 6000 businesses from 25 pilot cities have participated, driving up the average transaction volume of takeout restaurants by over 50%. - In terms of riders, the report shows that, before H1 2021, the number of daily active riders of Meituan has exceeded one million. According to survey data, 60% of full-time riders have a monthly income of more than CNY 5,000. - In July 2021, the company founded a service department to ensure riders' safety and improve their work experience. Besides, the firm has been responding to the national call and actively participated in the pilot programs to prevent and resolve the risk of occupational injury. In addition, Meituan also launched the 'Webmaster Training Program' and has been cooperating with vocational and community schools. - The platform stated that in the future, it will provide a more comprehensive protection system for riders' rights and interests according to relevant policies and promote the high-quality and healthy development of the industry. - Founded in Beijing in 2011, Meituan is China's leading e-commerce platform for life services. Its products include public reviews net, Meituan takeout and others. Its services cover more than 200 categories, such as catering, takeout, fresh retail, ride-hailing, bike-sharing, hotel tourism, film, and leisure & entertainment, and its operation covers 2800 counties, regions, and cities across China. - On June 22, 2018, the platform was listed on the Hong Kong Stock Exchange. As of the close on August 30, 2021, its share price was HKD 228.40 (CNY 189.73), with a market value of about HKD 1.40 trillion (CNY 1.16 trillion).
OTC:MPNGF
by EqualOcean
NIO Begins Allowing Customers to Test Drive ES8 in NorwayNio will enter the German market in 2021 at the earliest. NIO has started allowing Norwegian users to test-drive its ES8 SUV, marking its latest step in entering the international market. NIO Norway User Head An Ho shared the news on the NIO App, saying that the test drives opened on August 30 and nearly 300 spots were filled within three days of application. On the first day of the test drive, about 60 Norwegian users got to experience the ES8 first-hand, Ho said. At the performance experience area on the runway at Eggemoen Airport near Oslo, test drivers experienced the ES8's acceleration, as well as its handling performance. At the local Heen Grustak off-road track, test drivers experienced the vehicle's performance in off-road scenarios. NIO built a Mini version of the NIO House in Eggemoen Airport, where users can enjoy drinks from the NIO Café, according to Ho. In addition, NIO transported an NIO EP9 supercar from the UK to the test drive venue, allowing users in Norway to get up close with the car. This is NIO's latest move in the Norwegian market. The company's app for Norwegian users was made available on the local App Store and Google Play Store on August 16. The launch of the app means that local users are starting to have an exclusive online community, which NIO says "Shape a Joyful Lifestyle, is a vision we are pursuing together." The app currently offers Discover, This Moment, a personal account management page, and NIO Life, meaning the company is bringing its lifestyle brand to Norway as well. This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
NYSE:NIOLong
by EqualOcean
1
Midea Group Releases H1 2021 Financial ReportThe income from home appliances and electrical appliances accounts for more than 80%; the proportion of new businesses such as robots has increased. According to the interim performance report for 2021: - The operating revenue increased by 24.98%, reaching CNY 173.8 billion. - The net profit attributable to the parent company increased 7.76%, reaching CNY 15 billion. - The revenue of HVAC was CNY 76.4 billion (up 19.33%), accounting for 43.96% of the revenue. - The revenue of consumer electrical appliances was CNY 64.96 billion (up 22.4%), accounting for 37.38% of the revenue. - The revenue of robots, automation systems, and other manufacturing industries was CNY 12.69 billion (up 33.28%), accounting for the rest 7.3% of the revenue. - The gross profit margins of HVAC and consumer appliances were 20.85% (down 3.35%) and 29.6% (down 2%) respectively; while the that of robots, automation systems, and other manufacturing industries was 22.94%, achieving an increase of 3.94%. - The domestic revenue, which takes 57.45% of the total revenue, was CNY 99.85 billion, showing a year-on-year increase of 29.28%. - The revenue for the foreign market was CNY 73.96 billion, representing an increase of 19.6%, accounting for 42.55% of revenue.
SZSE:000333
by EqualOcean
Bilibili: Q2 2021 Results Surpass ExpectationsThe popular video platform has released its quarterly financial and operating results – which show a stellar performance. Bilibili maintained a high growth rate in Q2 and gained over USD 1 billion in the first half of 2021, which exceeded its expectations. The company has attracted a large number of active creators and increased its user numbers through diversified content and business model optimization. The company might set its orientation in innovative advertising and self-developed games for the next quarter, while the uncertainty of its new business and the problem of banned events will pose the main risks. On August 19, 2021, Bilibili held the Q2 2021 earnings call that revealed positive financial results beyond its best predictions. However, with negative impacts from the recent changes in the United States and China's listing-related policies, such outstanding financials have not boosted the stock price. Beating expectations Bilibili's second-quarter results topped the expectations of the market. During that period, the company achieved a revenue of CNY 4.50 billion, up 72% year over year. It is the first time the company has achieved over USD 1 billion in revenue (about CNY 6.5 billion) in half a year. However, its quarterly loss from the operation has expanded to CNY 1.52 billion, up 47.5% quarter over quarter and 149.3% year over year mainly due to the increasing sales and marketing expenses (from CNY 1 billion to CNY 1.40 billion). Though Bilibili received a higher investment income this quarter, its net loss increased to CNY 1.12 billion, up 23.9% quarter on quarter. Following 2020, the company's mobile game revenue has tended to be stable, with weak growth. However, its e-commerce, advertising and 'value-added services' (VAS) businesses have started to pick up and helped the company maintain momentum. This is good news for Bilibili as it has stabilized its profit model and improved its anti-risk abilities in light of fierce competition. Nevertheless, we think the company is still in a critical period of increasing accessible users. We believe that the company will maintain a relatively aggressive marketing strategy to improve brand awareness based on the increasing marketing expenses. At the same time, Bilibili has been further enriching content categories and broadening differential-age groups to achieve its user growth goals. The company has a sticky and loyal user base that allows it to maintain a high growth rate during this quarter. By the end of June 30, 2021, the average monthly active users (MAUs) of Bilibili reached 237.1 million, up 38% year on year, while its average daily active users (DAUs) reached 62.7 million, up 24% year on year. The average user time spent on its website and app rose to 81 minutes per user per day, setting a historical record. For the paid subscribers, this group grew to 20.9 million users, surging 62% compared with the level of June 30, 2020, which indicates users' increasing engagement. Diversifying businesses Over the past decade, Bilibili has continuously expanded its content coverage and improved its user experience. This platform has become one of the most popular online communities in China and attracted a large number of stable and active UGC creators and users with high stickiness. These features equip the company with high competitiveness in the video entertainment domain. By the end of the second quarter, the company had attracted 121 million official members, up 35% year over year, and its 12-month retention rates remained around 80%. In the second quarter, Bilibili incubated 2.4 million content creators, up 25% year over year. Video submission grew to 8.4 million in the period, up 41% year over year. Also, the number of content creators with more than 10,000 followers increased by 47% year-over-year. Starting in 2020, the company's mobile game revenue began to turn stable, but this segment's growth has been weak in the past years. However, its e-commerce, advertising and value-added services (VAS) business growth has started to pick up and help the company maintain steady growth. This may be a good thing for Bilibili, that is, it has changed from a single profit model to a more balanced one, improving its business agility and thus hedging against risks. Nevertheless, we think it is still in a critical period of expanding the range of accessible users. We believe that the company will maintain relatively aggressive marketing methods to improve brand awareness, the increasing marketing expenses can testify to this point. At the same time, further enriching content categories and broadening differential-age groups may help Bilibili achieve its user growth goals. For the business segments, we think Bilibili has two obvious developing directions: innovative advertising and self-developed games. On the one hand, according to the call, Bilibili said it will continue to explore new advertisement formats in areas like video advertising and embedded advertising. These new streams will contribute to the boom of its advertising revenue. As for the mobile game segment, the company announced in the earnings call's Q&A session that Bilibili will focus more on self-developed games in the second half of 2021. It has over 1,000 team members and multiple self-developed projects have been progressing. Considering the unbalanced nature of the demand and supply chains, we think Bilibili's mobile game business is approaching a turning point. However, it is hard to develop games that resonate with the company's unique community culture and user characteristics – other than ACG-related ones. Hence, we have some reservations about its effect on the near-future performance of the company. Valuation and bottom line Since Bilibili is yet to make a profit, we used the EV/revenue ratio and chose IQ, HUYA and DOYU as its competitors. From the chart, it is obvious that the ratio jumped compared with its competitors since Q4 2019, owing to its continuous high growth. Based on its current financial performance, momentum and competitive landscape, we think 17x is an appropriate valuation for Bilibili in 12 months, which corresponds to a target price of USD 98.90 apiece. Risks 1. The largest risk in the next quarter comes from the company's gaming business. Factors such as the slow development and the wayward demand for new games may lead to the slow growth of the mobile game segment in the next quarter. 2. Another risk comes from the ban of uploaders publishing inappropriate content. In 2021, two of the most popular uploaders in Bilibili, LexBurner and Dangmei (link in Chinese), were banned for such a reason, having repercussions for the whole community. Events of this kind normally hurt the platform's reputation in China, with users migrating to its alternatives. For the full article with the charts, please visit the original link.
NASDAQ:BILILong
by EqualOcean
Nayuki Announces H1 2021 Financial ResultsNayuki turned losses into profits in the first half of 2021 and its stock price rose 10% following the opening on August 26. As of the noon break, the tea maker was priced at HKD 11.1 per share. According to the firm's mid-term performance report for 2021: - The revenue reached CNY 2.13 billion, achieving a year-on-year increase of 80.2%. - The adjusted net profit reached CNY 48.20 million, compared with a loss of CNY 63.50 million in the same period last year. - In terms of business, the revenue of Nayuki was CNY 2 billion (up 0.4%), accounting for 94.4% of the total revenue; the revenue of Tai Gai, another business under the company, was CNY 77.53 million (down 1.7%), accounting for 3.6% of the total revenue; and revenue of other businesses was CNY 41.89 million (up 1.3%), accounting for the remaining 2.0%. - As of June 30, 2021, Nayuki has up to 578 stores. During the first half-year, 93 new stores were opened, with 65.6% of them situated in Tier 1 and new Tier 1 cities. - In terms of the type of stores, within the first half-year, 49 new PRO stores based in shopping malls were opened, adding up to 20 in total; 29 office-building PRO stores have appeared up to a total of 12; standard stores have reached a total of 492 in number with an increase of 9. - As of June 30, 2021, the number of members had reached 36.5 million, representing a year-on-year increase of more than 30%. The repurchase rate reached 30.3% in Q2 2021, compared with 25.6% in 2019 and 29.8% in Q4 2020 respectively, all above the industry average.
HKEX:2150
by EqualOcean
360 DigiTech Announces Q2 2021 Financial ResultsDuring the six months through June, 360 DigiTech's (QFIN:NASDAQ) net profit was CNY 1.548 billion, representing an increase of 76.6% year-on-year. According to the performance report for Q2 2021: - The revenue was CNY 4.002 billion (up 19.8%). - The net profit was CNY 1.548 billion (up 76.6%) and the net profit margin was 38.7%. - The net income of credit driven services was CNY 2.441 billion, representing a year-on-year decrease of 20.8%. - The net income from platform services reached CNY 1.597 billion, achieving a year-on-year increase of 516.6%. - The financing income was CNY 488 million, showing a decrease of 22.3%. - The guaranteed debt release rose by 25.5%, with revenue reaching CNY 1.352 billion. - As of June 30, 2021, the 360 DigiTech's platform has connected with 108 financial institutions and 176 million consumers with potential credit demand, with a year-on-year increase of 18.1%. - The cumulative users of approved credit lines were 34.7 million (up 25.3%). The cumulative number of borrowers including repeat borrowers was 22.3 million (up 25.3%). In Q2, among the loans issued by the company's financial institutions, the contribution of duplicate borrowers was 88.7%. - The financial institution partners issued more than 27.71 million loans through the platform, with a total loan of CNY 88.452 billion, representing a year-on-year increase of 50.2%. Among them, the balance of loans for light capital and other technical solutions was CNY 58.187 billion (up 186.4%); the credit lines to small and micro enterprises was CNY 7.1 billion (up 22.4%). - The weighted average term of loans granted by financial institutions on 360 DigiTech's platform was about 10.66 months, compared with 9.57 months in the same period last year. - As of June 30, 2021, the 90 days+ default rate was 1.19%. - The total operating costs and expenses were CNY 2.148 billion, which shows a year-on-year decrease of 8.4% and a month on month increase of 5.2%. According to QFIN, the growth trend in the first half of the year will continue in the following part of the year. Therefore, the total amount of loan facilitation and issuance of the company in 2021 is expected to reach CNY 340 billion to CNY 350 billion, achieving a year-on-year increase of 38% to 42%.
NASDAQ:QFINLong
by EqualOcean
Kuaishou Announces Q2 2021 Financial ResultsIn Q2 2021, the company generated CNY 19.1 billion in revenue, with a year-on-year increase of 48.8%. According to Kuaishou's Q2 2021 financial announcement: - Revenue rose by 48.8%, reaching CNY 19.1 billion. - Gross profit hit CNY 8.4 billion, representing an 89% growth. - The company's operating loss recorded CNY 7.2 billion, compared with CNY 2.5 billion in the same period of 2020. - Net loss was CNY 4.8 billion, showing an increase of 146.2%. - In Q2 2021, the average daily active user reached 293 million, with 506 million monthly active users. - The cumulative number of interrelated users of the app recorded 12.6 billion, representing an increase of 60%. - Among its major businesses, its online marketing revenue recorded CNY 10.0 billion (up 156.2%), accounting for 52.1% of total revenue; the revenue for its live streaming business was CNY 7.2 billion (down 13.7%), taking up 37.6% of total revenue; and its other businesses generated CNY 2.0 billion, making up 10.3 of total revenue. - Moreover, its e-commerce business reached a total of CNY 145.4 billion in transactions, twice as much as in the same period last year. - In terms of overseas business, Kuaishou announced that the company focused on developing markets in South America, Southeast Asia and the Middle East, with active investment in user acquisition and user activity. During the reporting period, the firm had over 180 million active users in overseas markets.
HKEX:1024
by EqualOcean
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
Xiaomi Records a 64% Increase in Revenue in H1 2021Xiaomi mainly benefited from its continuous expansion of the user scale in key overseas markets and the establishment of extensive and in-depth cooperation with the world's leading Internet companies. Xiaomi published its Q2 2021 financial results on August 25 2021. It is worth mentioning that the total revenue and adjusted net profit of the firm reached a record high in a single quarter. - Total revenue in the quarter was CNY 87.8 billion, a year-on-year increase of 64.0%. - Operating profit was CNY 8.3 billion, up 83.9% year-on-year. - The adjusted net profit was CNY 6.3 billion, a year-on-year increase of 87.4%. - Revenue from smartphone business reached CNY 59.1 billion, a year-on-year increase of 86.8%. - Internet service revenue reached CNY 7 billion, a year-on-year increase of 19.1%. - Revenue generated by advertisement reached CNY 4.5 billion, up 46.2% year-on-year. - Revenue from the firm's game segment was CNY 900 million, a year-on-year decrease of 10.7%. - The revenue from other value-added services was CNY 1.6 billion, a year-on-year decrease of 10.3%. - Overseas Internet service revenue was recorded CNY 1.1 billion, a year-on-year increase of 96.8%, accounting for 15.6% of the overall Internet service revenue. - From a subregional perspective, in the second quarter of 2021, the overseas market revenue of Xiaomi group reached CNY 43.6 billion, an increase of 81.6% year-on-year. Xiaomi group ranked second in global smartphone shipments for the first time, with a market share of 16.7%. - Xiaomi group ranked first in the smartphone market share in Europe for the first time, reaching 28.5%. The market share of smartphones in India ranked first for 15 consecutive quarters. Smartphone shipments in Latin America increased by 324.4% year-on-year, ranking among the top three. The market share of smartphones in the Middle East and Africa was 20.9% and 8.5% respectively. - The R&D expenditure of the Xiaomi group reached CNY 3.1 billion, a year-on-year increase of 56.5%. - The sales and promotion expenditure was CNY 5.7 billion, a year-on-year increase of 36.4%. Adding the previous quarter, in the first half of 2021, Xiaomi's revenue was CNY 164.67 billion, up 59.5% year-on-year. The gross profit was CNY 29.3 billion, a year-on-year increase of 92.1%. The adjusted net profit was CNY 12.39 billion, a year-on-year increase of 118.4%. As of June 30, 2021, the number of outlets in the China mainland has reached more than 7600.
OTC:XIACF
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
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
ALIBABA, SPECULATION MODE ON!Alibaba Group Holding Limited, also known as Alibaba Group and Alibaba.com, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Strong divergence on the monthly. The price level at which Alibaba now stands has always been characterized by high volatility in the past. The market has always reacted with a reabsorption over 60% of the time in the past at this level. This opens the scenario to an interesting short-term speculative operation which, in the event of a positive outcome, could turn into a medium-term operation on an asset which, ignoring short-term problems, creates several points of GDP for the Chinese economy. High risk transaction, the investor should consider the volatility of the underlying and the riskiness of the transaction in managing this asset.
NYSE:BABALong
by UnknownUnicorn25541012
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
JD.com Published 2021 Q2 Financial ResultsThe overall revenue performance is positive. According to JD's (JD:NASDAQ) financial announcement for the second quarter of 2021: - The net income rose by 26.2%, reaching CNY 253.8 billion. - The net profit attributable to ordinary shareholders was CNY 790 million, compared with CNY 16.4 billion in the same period in 2020. While under non-GAAP, it was CNY 4.6 billion, down from CNY 5.9 billion in the same period last year. - The operating revenue slumped to CNY 300 million from CNY 5 billion in the same period last year. - As of June 30, 2021, the number of employees in JD.com listed companies and non-listed companies was nearly 400,000, becoming the company with the largest number of employees in domestic private enterprises. - For the twelve months ending June 30, 2021, JD’s cash flow was CNY 38.9 billion (up from CNY 26.3 billion previously). - Excluding the impact of JD Baitiao on the operating cash flow, the free cash flow for the twelve months ending on June 30, 2021, was CNY 31.9 billion, compared with CNY 22.7 billion in the same period last year. - For the twelve months ending June 30, 2021, the number of active purchasers of JD.com was 532 million, achieving a net increase of 115 million over the same period last year. It also set a record for attracting 32 million new users in a single quarter. Among them, more than 70% of the products purchased by active users are delivered to third- to sixth-tier cities.
NASDAQ:JD
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