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Baidu Announces First Quarter 2021 Results
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BEIJING, May 18, 2021 /PRNewswire/ Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) ( Baidu or the Company ), a leading AI company with strong Internet foundation, today announced its unaudited financial results for the first quarter ended March 31, 2021. We are delighted to bring innovation across many sectors, including marketing cloud, enterprise cloud, smart transportation, autonomous driving, smart assistant and AI chip, through our decade-long investment in AI, said Robin Li, co-founder and CEO of Baidu. With AI powering the next stage of technology growth, many Baidu alumni have rejoined us, and our employees are energized from working on intelligent computing that can improve daily life and make the complex world simpler.
Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2021
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Financial Highlights
Non-GAAP gross margin was at 36.4%, compared to 35.6% for the comparable prior year period.
Non-GAAP net income attributable to Hollysys was $71.7 million, a decrease of 7.9% compared to the comparable prior year period.
Non-GAAP diluted EPS was $1.18, a decrease of 7.8% compared to the comparable prior year period.
Net cash provided by operating activities was $48.6 million for the current period.
DSO of 186 days, compared to 188 days for the comparable prior year period.
Inventory turnover days of 52 days, compared to 57 days for the comparable prior year period.
pp represents percentage points
Revenue increased by 176.9% to $24.21 million, primarily attributable to increase in sales volume of CMP and offset printing paper, as well as the increase in Average Selling Prices ( ASPs ) of CMP and tissue paper products.
Gross profit was $1.83 million, compared to gross loss of $0.17 million for the same period of last year. Gross margin was 7.5%, compared to gross loss margin of 1.9% for the same period of last year.
Loss from operations was $0.72 million, compared to the loss from operations of $2.87 million for the same period of last year.
Net loss was $4.34 million, or loss per share of $0.12, compared to net loss of $2.44 million, or loss per share of $0.11, for the same period of last year.
Phoenix New Media Reports First Quarter 2021 Unaudited Financial Results
Live Conference Call to be Held at 9:00 PM U.S. Eastern Time on May 10, 2021
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BEIJING, May 10, 2021 /PRNewswire/ Phoenix New Media Limited (NYSE: FENG) ( Phoenix New Media , ifeng or the Company ), a leading new media company in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.
Mr. Shuang Liu, CEO of Phoenix New Media, commented, During the first quarter of 2021, we adapted to the evolving advertising landscape and implemented active measures to increase user traffic, enhance user engagement, and improve user retention. Those measures include producing more exclusive, premium, and original content, leveraging social media distribution to reach a broader audience, and augmenting our premium content pool operations. In addition, we continued to explore new business initiatives to diversify our reven