Meitu Inc. (1357.HK)
Continues to Lead in AIGC Racetrack
Non-IFRS Net Profit Significantly Grew by 320.4% YoY
VIP Users Reached Record High, Surpassing 7.2 Million
Due to the advantages provided by artificial intelligence-generated content and VIP subscriptions, during the Period, the International Financial reporting Standards Net Profit attributable to Owners of the Company come to RMB227.6 million, turned a loss recorded for the first half of 2022 into a profit. According to the Adjusted Net Profit attributable to Owners of the Company, a net profit of RMB151.3 million was recorded, representing a significant increase of 320.4% YoY, mainly contributed by core businesses such as photo, video and design products and advertising business. Meitu achieved a revenue of RMB1,260.9 million, representing a 29.8% YoY increase. The gross profit increased by 49.8% YoY to RMB 754.0 million, and the gross profit margin increased to 59.8%, representing a growth of 8 percentage points.
Read more: https://www.meitu.com/en/media/394
WEILONG (9985.HK)
Net profit RMB447 million up 271.4% YoY
Dividends payout of approximately 60% of net profit
Weilong’s performance was solid during the Reporting Period, recording a revenue of RMB2,327.3 million, representing a YoY increase of 3.0%. Gross profit increased by 28.4% YoY to RMB1,106.2 million and gross profit margin improved to 47.5% from 38.1% in the same period last year. Net profit of RMB447.1 million was up 271.4% YoY. Adjusted net profit increased by 17.0% YoY to RMB497.0 million and adjusted net profit margin improved to 21.4% from 18.8% in the same period last year.
Read more: https://www1.hkexnews.hk/listedco/listconews/sehk/2023/0829/2023082901091.pdf
Wasion Holdings (3393.HK)
Technological and Product Innovation Drives Growth in Three Business Segments
Guiding Development Direction through Industry Policies and Steadily Expanding Domestic and Overseas Markets
During the period under review, the Group recorded a total turnover of RMB3,226 million, representing an increase of 26% YoY; gross profit was RMB1,177 million, representing a 36% increase YoY; overall gross profit margin reached at 37%, registering an increase of 3 percentage points compared to the same period last year. The gross profit margin of Power AMI and C&F AMI increased by 8.9 and 4.2 percentage points, respectively, benefiting from increased market demand for smart products and cost-effective measures, including product and platform optimization. Basic earnings per share were RMB21.7 cents (Period 2022: RMB14.6 cents).
Read more: http://ir.wasion.com/en/news_press.php
SF Intra-city (9699.HK)
SF Intra-city Achieves Interim Profit
Seizes Diversified Market Demands in Achieving High-quality and Stable Development
During the Reporting Period, the Group’s revenue increased significantly by 28.8% to approximately RMB5,749.2 million compared to the same period last year. Gross profit amounted to approximately RMB383.4 million, representing a remarkable increase of 112.3% YoY and the gross profit margin improved significantly from 4.0% of the same period last year to 6.7%, reaching historic highs in both gross profit and gross profit margin. During the Reporting Period, SF intra-city achieved the first profitable result, with a net profit of approximately RMB30.3 million.
Read more: https://www1.hkexnews.hk/listedco/listconews/sehk/2023/0828/2023082800595.pdf
CIMC Vehicles (1839.HK)
Demonstrates Enormous Growth: Net Profit Reached Historic High
Starting the Third Venture in High Spirit towards a Promising Future
CIMC Vehicles achieved revenue of RMB13,470 million, representing a year-on-year growth of 20.31% for the first half of 2023. The net profit attributable to the Company’s shareholders amounted to RMB1,897 million, marking a significant year-on-year increase of 418.52%. The net profit attributable to the Company’s shareholders after deducting non-recurring profit or loss reached RMB1,035 million, an impressive year-on-year surge of 197.05%. The gross profit margin increased to 19.34%.
Read more: https://www.cimcvehiclesgroup.com/portal/article/index/id/2594/cid/17.html
