RMB

Financial Release: JOY GROUP's 2023 Revenue Highlights a 48% Growth to reach US$360M, Ranking as the Top 2 China Domestic Color Cosmetics Company

Retrieved on: 
Monday, April 8, 2024
RMB, Partnership, Beauty, JOY, Research, Laboratory, Traction, Multimedia, Marketing

SHANGHAI, April 8, 2024 /PRNewswire/ -- Shanghai Juyi Cosmetics Co., Ltd. ("JOY GROUP") has unveiled its financial outcomes for the 2023 fiscal year.

Key Points: 
  • SHANGHAI, April 8, 2024 /PRNewswire/ -- Shanghai Juyi Cosmetics Co., Ltd. ("JOY GROUP") has unveiled its financial outcomes for the 2023 fiscal year.
  • JOY GROUP now ranks No.2 among Chinese domestic players in color cosmetics, reinforcing its leading position within the industry.
  • This achievement marks another year of JOY GROUP's sustained double-digit growth with healthy profitability, which has set JOY GROUP on the path to becoming one of China's most rapidly expanding cosmetics companies.
  • JOY GROUP is a multi-brand beauty company on a mission to "Create a world of beauty that brings joy to everyone."

Financial Release: JOY GROUP's 2023 Revenue Highlights a 48% Growth to reach US$360M, Ranking as the Top 2 China Domestic Color Cosmetics Company

Retrieved on: 
Monday, April 8, 2024
RMB, Partnership, Beauty, JOY, Research, Laboratory, Traction, Marketing, Cosmetics

SHANGHAI, April 8, 2024 /PRNewswire/ -- Shanghai Juyi Cosmetics Co., Ltd. ("JOY GROUP") has unveiled its financial outcomes for the 2023 fiscal year.

Key Points: 
  • SHANGHAI, April 8, 2024 /PRNewswire/ -- Shanghai Juyi Cosmetics Co., Ltd. ("JOY GROUP") has unveiled its financial outcomes for the 2023 fiscal year.
  • JOY GROUP now ranks No.2 among Chinese domestic players in color cosmetics, reinforcing its leading position within the industry.
  • This achievement marks another year of JOY GROUP's sustained double-digit growth with healthy profitability, which has set JOY GROUP on the path to becoming one of China's most rapidly expanding cosmetics companies.
  • JOY GROUP is a multi-brand beauty company on a mission to "Create a world of beauty that brings joy to everyone."

Sunlands Technology Group Announces Unaudited Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Friday, March 22, 2024
Financial management, PIN, Growth, Information technology, Mentorship, H.10, RMB, Capital expenditure, STG, Student, Translation, Investment, Share repurchase, Marketing, Development, Video game

BEIJING, March 22, 2024 (GLOBE NEWSWIRE) -- Sunlands Technology Group (NYSE: STG) (“Sunlands” or the “Company”), a leader in China’s online post-secondary and professional education, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • BEIJING, March 22, 2024 (GLOBE NEWSWIRE) -- Sunlands Technology Group (NYSE: STG) (“Sunlands” or the “Company”), a leader in China’s online post-secondary and professional education, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023.
  • Net income margin1 was 28.6% in the fourth quarter of 2023, compared to 31.3% in the fourth quarter of 2022.
  • Net income for the fourth quarter of 2023 was RMB155.2 million (US$21.9 million), as compared to RMB181.0 million in the fourth quarter of 2022.
  • Capital expenditures were RMB0.2 million (US$0.1 million) in the fourth quarter of 2023, as compared to RMB0.7 million in the fourth quarter of 2022.

17 Education & Technology Group Inc. Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

Retrieved on: 
Wednesday, March 20, 2024
Research, PIN, Growth, H.10, RMB, Net, Translation, Investment, GAAP, Income tax, USD, Marketing, Bank

Sales and marketing expenses in 2023 were RMB101.3 million (US$14.3 million), representing a year-over-year increase of 28.0% from RMB79.1 million in 2022.

Key Points: 
  • Sales and marketing expenses in 2023 were RMB101.3 million (US$14.3 million), representing a year-over-year increase of 28.0% from RMB79.1 million in 2022.
  • General and administrative expenses in 2023 were RMB154.3 million (US$21.7 million), representing a year-over-year decrease of 30.2% from RMB221.0 million in 2022.
  • Loss from operations as a percentage of net revenues in 2023 was negative 200.5%, compared with negative 39.8% in 2022.
  • Net loss in 2023 was RMB311.8 million (US$43.9 million), representing a year-over-year increase of 75.3% from RMB177.9 million in 2022.

Kingsoft Cloud Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Wednesday, March 20, 2024
Cloud, Tao, Research, Federal Reserve Bank, PIN, Maas, Customer, Annual report, Growth, RMB, KC, COVID-19, Operating cost, IDC, AI, Depreciation, Translation, Investment, Cloud computing, HKEX, Workforce, Model, Calendar, Marketing, CDN, Government, Xiaomi, Video game

BEIJING, March 20, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • BEIJING, March 20, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.
  • Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, “In 2023, we continued to uphold the principle of high-quality and sustainable development and have accomplished significant achievements.
  • Revenues from public cloud services increased by 3.5% from RMB1,016.6 million in last quarter to RMB1,052.0 million (US$148.2 million).
  • Revenues from public cloud services decreased by 21.7%, compared with RMB1,344.3 million in the same quarter of 2022.

FANHUA Reports Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

Retrieved on: 
Wednesday, March 20, 2024
Open Platform, MDRT, Conference call, Conference, Growth, H.10, RMB, Intelligence, Education, Specialization, Digitalization, FYP, Travel, City, Policy, ADS, Insurance, Translation, Open platform, Investment, Depreciation, Share repurchase, Total, GWP, Video game

Operating margin was 2.7% for the fourth quarter of 2023, compared to 11.1% for the corresponding period in 2022.

Key Points: 
  • Operating margin was 2.7% for the fourth quarter of 2023, compared to 11.1% for the corresponding period in 2022.
  • Net margin was -4.5% for the fourth quarter of 2023, as compared to 9.2% for the corresponding period in 2022.
  • Adjusted EBITDA margin3 was 6.7% for the fourth quarter of 2023, as compared to 10.0% for the corresponding period in 2022.
  • The Company will host a conference call to discuss its fourth quarter and fiscal year 2023 financial results as per the following details.

Nano Labs Announces Second Half of 2023 Financial Results

Retrieved on: 
Monday, March 18, 2024
Bitcoin, Metaverse, Research, PIN, ETF, RMB, DIY, Policy, AI, ZK, Athlete, Translation, IP, Optimism, Marketing, Advertising, IPS, Cryptocurrency

Gross loss was RMB40.6 million (US$5.7 million) for the second half of 2023, compared to a gross profit of RMB53.8 million in the same period of 2022.

Key Points: 
  • Gross loss was RMB40.6 million (US$5.7 million) for the second half of 2023, compared to a gross profit of RMB53.8 million in the same period of 2022.
  • Net loss was RMB120.0 million (US$16.9 million) for the second half of 2023, compared to a net loss of RMB80.3 million in the same period of 2022.
  • Cost of revenues was RMB66.6 million (US$9.4 million) for the second half of 2023, compared to RMB549.2 million for the same period of 2022.
  • Net loss was RMB120.0 million (US$16.9 million) for the second half of 2023, compared with RMB80.3 million in the same period of 2022.

Niu Technologies Announces Unaudited Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Monday, March 18, 2024
Research, Marketing, Advertising, RMB, Video game

BEIJING, March 18, 2024 (GLOBE NEWSWIRE) -- Niu Technologies (“NIU”, or “the Company”) (NASDAQ: NIU), the world’s leading provider of smart urban mobility solutions, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Selling and marketing expenses as a percentage of revenues was 39.9%, compared with 17.6% in the fourth quarter of 2022.
  • Research and development expenses as a percentage of revenues was 7.4%, compared with 6.6% in the fourth quarter of 2022.
  • Net loss was RMB 130.2 million, compared with net loss of RMB 37.1 million in the fourth quarter of 2022.
  • Adjusted net loss (non-GAAP) was RMB 122.4 million, compared with an adjusted net loss of RMB 26.2 million in the fourth quarter of 2022.

Cheer Holding Reports Full Year 2023 Financial Results

Retrieved on: 
Thursday, March 14, 2024
Research, CHR, RMB, CHEERS, Art, Depreciation, Marketing, Advertising, Cryptocurrency

BEIJING, March 14, 2024 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) ("Cheer Holding," or the "Company"), a leading provider of advanced mobile internet infrastructure and platform services, today announced its financial results for the full year ended December 31, 2023.

Key Points: 
  • BEIJING, March 14, 2024 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) ("Cheer Holding," or the "Company"), a leading provider of advanced mobile internet infrastructure and platform services, today announced its financial results for the full year ended December 31, 2023.
  • Total Downloads of CHEERS Apps was approximately 474 million as of December 31, 2023, compared to approximately 377 million as of December 31, 2022.
  • Daily Time Spent on CHEERS Video was 59 minutes during the commercial year of 2023.
  • Research and development expenses for the years ended December 31, 2023 and 2022 were approximately $1.6 million and approximately $1.3 million, respectively.

KANZHUN LIMITED Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, March 12, 2024
Research, PIN, Annual report, Growth, H.10, RMB, MAU, Stock exchange, ADS, Loss, Translation, Advertising, Investment, Treasury, GAAP, Share repurchase, Marketing, Video game

Revenues for the fourth quarter of 2023 were RMB1,580.2 million (US$222.6 million), an increase of 46.0% from RMB1,082.3 million for the same quarter of 2022.

Key Points: 
  • Revenues for the fourth quarter of 2023 were RMB1,580.2 million (US$222.6 million), an increase of 46.0% from RMB1,082.3 million for the same quarter of 2022.
  • Calculated cash billings1 for the fourth quarter of 2023 were RMB1,780.4 million (US$250.8 million), an increase of 61.2% from RMB1,104.5 million for the same quarter of 2022.
  • Net income for the fourth quarter of 2023 was RMB331.2 million (US$46.7 million), compared to net loss of RMB184.8 million for the same quarter of 2022.
  • Adjusted net income4 for the fourth quarter of 2023 was RMB628.6 million (US$88.5 million), compared to RMB59.5 million for the same quarter of 2022.