ATRenew, the operator of China’s top consumer electronics transactions and services platform, on Wednesday set a new quarterly revenue record as it upped the ante in refurbishing gadgets while branching out into the recycling of other items.
SMIC, a prominent Chinese semiconductor foundry company, released its financial report for the first quarter. The company reported an operating revenue of 10.209 billion yuan ($1.47 billion), which is a decrease of 13.9% compared to the previous year's figures.
On May 11th, Dada Group released its Q1 2023 financial results. In the first quarter, Dada Group's total revenue reached RMB 2.6 billion (about USD 370 million), a year-on-year increase of 27%. The adjusted net loss rate narrowed by over 16 percentage points compared to the same period last year.
Chinese electric vehicle manufacturer, Li Auto, released its Q1 financial report on May 10th. The report revealed a revenue of 18.79 billion yuan ($2.71 billion) for the quarter, indicating an increase of 96.5% year-on-year and 6.4% compared to the previous quarter.
A video creator on Bilibili, with 10.26 million followers, recently revealed his financial challenges on the Chinese video site. This comes after several popular creators announced a pause in updating their channels.
On April 20th, CATL released an impressive first-quarter financial report. The report revealed that the company achieved an operating income of 89.038 billion yuan ($12.96 billion) in the first quarter of this year, which is an increase of 82.91% compared to last year's figures.
While some Bilibili content creators have stopped updating their videos due to lack of profit and motivation, Li Ziqi, a Chinese video blogger, entrepreneur, and internet celebrity with 17.4 million subscribers on YouTube, continues to earn profits from her channel despite not posting new content since July 2021.
On April 12th, Lvtong Technology stated on the interactive platform that the company's overseas revenue mainly comes from the United States.
On April 6th, Lenovo Group's 2023/24 fiscal year kick-off meeting was held in Beijing. Yang Yuanqing, Chairman and CEO of Lenovo, stated that over the past three years, the company's revenue has increased from ¥ 350 billion to ¥ 460 billion.
On March 21, Chinese automaker Geely released its annual financial report, revealing that the company recorded a revenue of 147.965 billion yuan ($21 billion) in 2022, representing a year-on-year increase of 45.6%.
On March 17, Chinese electric vehicle manufacturer XPeng released its previous year-end financial report. Its total revenue for 2022 was 26.86 billion yuan ($3.89 billion), representing a 28% increase from the previous year.
During a media communication meeting on March 16, Jiang Han, Vice President of TI and President of TI China, stated that the company's latest objective is to attain $45 billion in revenue by 2030, with the growth rate in China exceeding that of the global growth rate.
On the 10th anniversary of its founding, Miniso, a Chinese discount retailer of lifestyle and household goods, announced its updated global brand strategy.
Beijing Jianyou Technology, the developer of the pass-through mini game "Sheep a Sheep", which became a national online sensation on China's social media last year, said lately that the company's revenue had exceeded 100 million ($15.6 billion).
Chinese electric vehicle and battery maker BYD released its performance forecast for 2022 on January 30. The company expects to have achieved an operating income exceeding 420 billion yuan ($62.19 billion).
On December 30, Eric Xu, the rotating chairman of Huawei, predicted in his New Year speech that Huawei would achieve an annual revenue of 636.9 billion yuan ($92 billion), which is in line with forecasts.
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%.
So far, a recorded 26 A-share listed companies in China have become involved in digital collections, the country's version of NFTs. Among these firms, only three have announced the revenue related to this innovative business.
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.
Anta Sports Products Limited, a prominent sportswear company in China, increased its overall revenue in the first half of the year by 13.8% to 25.97 billion yuan ($3.79 billion), higher than Nike China's $3.7 billion in the same reporting period.