XPeng, a leading Chinese electric vehicle company, on November 30 announced its unaudited financial results for the third quarter of 2022. Its total revenues were 6.82 billion yuan ($0.96 billion) for the third quarter, representing a year-on-year increase of 19.3%.
PDD Holdings, the multinational commerce group that operates the Pinduoduo and Temu platforms, said that it’s unlikely to sustain current profitability with planned increases in technology investments amid intense industry competition.
Xiaomi released its financial report for the third quarter of 2022 on November 23. Its revenue in the period was 70.47 billion yuan ($9.87 billion), down 9.7% year-on-year. Net profits were -1.476 billion yuan, while adjusted net profits were 2.117 billion yuan, down 59.1% year-on-year.
Chinese tech and Internet giant Baidu announced on November 22 its unaudited financial results for the third quarter ended September 30, 2022, beating market consensus, with Baidu Core's non-GAAP operating profit increasing by 14% year over year.
On November 16, Tencent released its financial report for the third quarter of 2022, and announced its decision to distribute most of its shares in Meituan, which will be completed in March next year. Tencent President Martin Lau has resigned as a non-executive director of Meituan.
Many consumers in mainland China reported on the morning of November 16 that attempted money transfers were unsuccessful when using the mobile app of China Construction Bank, one of the country's "big four" banks, triggering extensive social media discussion.
China’s major game live streaming platform Huya Inc., has announced its third quarter 2022 financial results on November 15. Huya has recorded quarter-on-quarter growth in the total net revenues and net income, with the average mobile MAU of Huya Live increasing steadily to 86 million.
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.
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%.
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.
World-leading asset manager BlackRock launched a reduction in BYD H shares, bringing its shareholding ratio from 6.21% to 5.85%.
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.
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.
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, 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%.
Beijing-based AI giant Baidu, Inc announced on August 30 its unaudited financial results for the second quarter ended June 30, 2022.
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.
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, 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, 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.