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BILIBILI(BILI) - 2022 Q4 - Annual Report
2023-04-26 16:00
Financial Position - As of December 31, 2022, the company had US$1,551.3 million in U.S. dollar-denominated cash and cash equivalents and time deposits [842]. - If the U.S. dollar had appreciated or depreciated by 10% against the Renminbi, the company would have experienced an increase or decrease of RMB1,080.4 million in cash and cash equivalents and time deposits [842]. Risk Management - The company has not been exposed to material risks due to changes in interest rates, and it has not used any derivative financial instruments to manage interest rate risk exposure [844]. Investor Relations - The company was entitled to receive approximately US$1.7 million in reimbursements from the depositary for expenses incurred in connection with investor relationship programs in 2022 [851]. Trading Fees and Commissions - The Hong Kong Stock Exchange trading fee for Class Z ordinary shares is 0.005% of the transaction consideration, charged to both buyer and seller [852]. - The SFC transaction levy on the Hong Kong Stock Exchange is 0.0027% of the transaction consideration, also charged to both buyer and seller [852]. - The trading tariff on the Hong Kong Stock Exchange is HK$0.50 for each purchase or sale transaction [853]. - The ad valorem stamp duty on transactions is a total rate of 0.26% of the transaction value, with 0.13% payable by each of the buyer and seller [853]. - The brokerage commission for transactions on the Hong Kong Stock Exchange is negotiable, except for IPO transactions which are currently set at 1% of the subscription or purchase price [853]. Internal Controls - The company has concluded that its disclosure controls and procedures were effective as of December 31, 2022, ensuring timely reporting and decision-making [867]. - The management evaluated the effectiveness of internal control over financial reporting and found it effective as of December 31, 2022 [868]. - There were no changes in internal control over financial reporting during the year ended December 31, 2022, that materially affected its effectiveness [871]. - PricewaterhouseCoopers Zhong Tian LLP audited the effectiveness of internal control over financial reporting as of December 31, 2022 [870]. - The management's evaluation of internal controls is subject to inherent limitations and future risks [869]. Shareholder Services - The company has established a branch register of members in Hong Kong to facilitate the conversion between Class Z ordinary shares and ADSs [855]. - The Hong Kong Share Registrar charges between HK$2.50 to HK$20 for each transfer of Class Z ordinary shares, depending on the speed of service [865]. - Holders of Class Z ordinary shares and ADSs must pay up to US$5.00 per 100 ADSs for each issuance or cancellation of ADSs [865]. - The depositary may refuse to deliver or register issuances and transfers of ADSs if the transfer books are closed or deemed advisable [864]. - The company has established procedures for the deposit and withdrawal of Class Z ordinary shares into the ADS program [864]. Compliance - The company has no defaults, dividend arrearages, or delinquencies reported [866].
哔哩哔哩(09626) - 2022 - 年度业绩
2023-03-30 10:00
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其準確性或完整性亦不發表 任何聲明,並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責任。 Bilibili Inc. 嗶哩嗶哩股份有限公司 (於開曼群島註冊成立以不同投票權控制的有限責任公司) (股份代號:9626) 截 至 2022 年 12 月 31 日 止 年 度 的 全 年 業 績 公 告 嗶哩嗶哩股份有限公司(「本公司」)董事(「董事」)會(「董事會」)欣然公佈本公司、其子 公司及併表關聯實體(「本集團」)截至2022年12月31日止年度(「報告期間」)的未經審計年 度合併業績,連同2021年同期的比較數字。該等年度業績根據美國公認會計準則(「美國 公認會計準則」)編製並經董事會審計委員會(「審計委員會」)審閱。 於本公告中,「我們」及「我們的」指本公司及(如文義另有所指)本集團。 截至2022年12月31日止年度財務及運營摘要 • 2022年淨營業額總額為人民幣219億元,去年為人民幣194億元。 • 2022年淨虧損為人民幣75億元,去年為人民幣68億元。 • 2022年經調整淨 ...
BILIBILI(BILI) - 2023 Q1 - Quarterly Report
2023-03-02 16:00
Exhibit 99.1 Bilibili Inc. Announces Fourth Quarter and Fiscal Year 2022 Financial Results SHANGHAI, March 2, 2023 — Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022. Fourth Quarter and Fiscal Year 2022 Highlights: • Total net revenues were RMB6.1 billion (US$890.6 million) in the fourth quarter ...
BILIBILI(BILI) - 2022 Q4 - Earnings Call Transcript
2023-03-02 14:05
Bilibili Inc. (NASDAQ:BILI) Q4 2022 Earnings Conference Call March 2, 2023 7:00 AM ET Company Participants Juliet Yang - Executive Director, Investor Relations Sam Fan - Chief Financial Officer Rui Chen - Chairman of the Board & Chief Executive Officer Carly Li - Vice Chairwoman of the Board & Chief Operating Officer Conference Call Participants Daniel Chen - JPMorgan Xueqing Zhang - CICC Yiwen Zhang - China Renaissance Lei Zhang - Bank of America Merrill Lynch Lincoln Kong - Goldman Sachs Operator Good day ...
BILIBILI(BILI) - 2022 Q4 - Earnings Call Presentation
2023-03-02 13:30
Investor Presentation March 2023 ...
哔哩哔哩-W(09626) - 2022 Q3 - 季度财报
2022-11-29 10:01
Financial Performance - Total net revenue reached RMB 5.8 billion (USD 814.5 million), an increase of 11% year-over-year[3] - Net loss was RMB 1.7 billion (USD 241.2 million), a reduction of 36% compared to the same period in 2021[5] - Total net revenue for the third quarter of 2022 reached RMB 5,793,651 thousand, representing a 11.5% increase from RMB 5,206,574 thousand in the same period of 2021[14] - The company reported a net loss of RMB 1.72 billion for the three months ended September 30, 2022, compared to a net loss of RMB 2.68 billion for the same period in 2021, indicating a reduction in losses by about 35.5%[38] - The adjusted net loss for the nine months ended September 30, 2022, was RMB 6.01 billion, compared to RMB 4.71 billion for the same period in 2021, reflecting a 27.5% increase in losses[19] User Engagement - Daily active users (DAUs) reached 90.3 million, a 25% increase year-over-year[3] - Monthly active users (MAUs) reached 332.6 million, also a 25% increase year-over-year[3] - Average monthly paying users reached 28.5 million, a 19% increase year-over-year[3] Revenue Breakdown - Mobile games generated RMB 1,471,331 thousand in revenue for the third quarter of 2022, up from RMB 1,391,666 thousand in the same quarter of 2021, marking a 5.7% increase[14] - Value-added services revenue was RMB 2.2 billion (USD 310.6 million), a 16% increase year-over-year[23] - Advertising revenue was RMB 1.4 billion (USD 190.5 million), a 16% increase year-over-year[23] - Mobile gaming revenue was RMB 1.5 billion (USD 206.8 million), a 6% increase year-over-year[23] Expenses - Sales and marketing expenses decreased by 25% year-over-year, amounting to RMB 1.2 billion (USD 172.7 million)[4] - Research and development expenses increased by 43% year-over-year, totaling RMB 1.1 billion (USD 159.0 million)[4] - Operating expenses totaled RMB 2.9 billion (USD 408.1 million), remaining flat compared to the same period in 2021[23] - The company reported a total operating expense of RMB 2,903,084 thousand for the third quarter of 2022, compared to RMB 2,896,491 thousand in the same quarter of 2021, indicating a slight increase[14] Cash and Assets - Cash and cash equivalents, term deposits, and short-term investments amounted to RMB 23.9 billion (USD 3.4 billion) as of September 30, 2022[5] - The company's cash and cash equivalents decreased to RMB 5.47 billion from RMB 7.52 billion, representing a decline of 27.3%[18] - As of September 30, 2022, Bilibili's total assets amounted to RMB 47.6 billion, a decrease of 8.5% from RMB 52.1 billion on December 31, 2021[18] Shareholder Information - The average number of weighted ordinary shares for basic earnings per share was 395,062,497 for the third quarter of 2022, compared to 387,921,805 in the same quarter of 2021[14] - The company incurred RMB 251.33 million in share-based compensation expenses for the third quarter of 2022, compared to RMB 238.44 million in the same quarter of 2021, reflecting a 5.5% increase[19] Future Projections - The company projects Q4 2022 net revenue to reach between RMB 6 billion and RMB 6.2 billion[7] - The management will hold an earnings conference call on November 29, 2022, at 7 AM EST[8] Strategic Goals - The company aims to enrich the daily lives of young people in China through its video community platform[9] - The company has established a strong emotional bond among users, content creators, and high-quality content, enhancing community engagement[9] Risks and Challenges - The company continues to face risks and uncertainties, including competition in the online entertainment industry and the impact of government policies in China[13]
BILIBILI(BILI) - 2022 Q2 - Earnings Call Transcript
2022-09-08 16:44
Bilibili Inc. (NASDAQ:BILI) Q2 2022 Results Conference Call September 8, 2022 8:00 AM ET Company Participants Juliet Yang - SD, IR Ni Li - VC of the Board of Directors, COO Rui Chen - Chairman of the Board, CEO Xin Fan - CFO Conference Call Participants Brian Gong - Citi Lei Zhang - Bank of America Daniel Chen - JP Morgan Xueqing Zhang - CICC Operator Good day, and welcome to Bilibili's Second Quarter 2022 Financial Results and Business Update Conference Call. Today's conference is being recorded. At this t ...
BILIBILI(BILI) - 2022 Q3 - Quarterly Report
2022-09-08 16:00
Exhibit 99.1 Bilibili Inc. Announces Second Quarter 2022 Financial Results SHANGHAI, September 8, 2022 — Bilibili Inc. ("Bilibili" or the "Company") (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced its unaudited financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Highlights: • Total net revenues reached RMB4.9 billion (US$732.9 million), a 9% increase from the same period in 2021. • Average monthly acti ...
哔哩哔哩(09626) - 2022 - 中期财报
2022-09-08 10:51
Financial Performance - Total net revenue reached RMB 4.9 billion (USD 732.9 million), an increase of 9% year-over-year[3] - Monthly active users (MAUs) reached 305.7 million, a 29% increase year-over-year[3] - Daily active users (DAUs) reached 83.5 million, a 33% increase year-over-year[3] - Average monthly paying users reached 27.5 million, a 32% increase year-over-year[3] - Advertising revenue increased by 10% year-over-year to RMB 1.158 billion (USD 172.9 million)[4] - Value-added services revenue increased by 29% year-over-year to RMB 2.103 billion (USD 314.0 million)[4] - Total net revenue for the six months ended June 30, 2022, was RMB 9,963,030, a 18.6% increase compared to RMB 8,396,327 for the same period in 2021[16] - Total net revenue for the second quarter of 2022 was RMB 4,908,931, a decrease of 1.3% compared to RMB 4,995,254 in the same period of 2021[40] - Mobile games revenue for the second quarter of 2022 was RMB 1,046,236, a decrease of 22.3% from RMB 1,357,818 in the previous quarter[16] - Advertising revenue for the second quarter of 2022 reached RMB 1,158,252, reflecting a 11.3% increase from RMB 1,040,770 in the previous quarter[16] - Gross profit for the six months ended June 30, 2022, was RMB 1,545,526, down 19.8% from RMB 1,926,858 for the same period in 2021[16] Expenses and Losses - Research and development expenses increased by 68% year-over-year to RMB 1.132 billion (USD 169.0 million)[5] - Sales and marketing expenses decreased by 16% year-over-year to RMB 1.172 billion (USD 175.0 million)[5] - Operating costs increased by 19% year-over-year to RMB 4.171 billion (USD 622.7 million)[4] - Operating loss for the company was RMB 2,191.1 million (USD 327.1 million), compared to RMB 1,520.6 million in the same period of 2021[6] - Net loss amounted to RMB 2,010.4 million (USD 300.2 million), an increase from RMB 1,121.8 million in the same period of 2021[6] - Adjusted net loss was RMB 1,967.9 million (USD 293.8 million), compared to RMB 1,324.7 million in the same period of 2021[6] - Operating loss for the second quarter of 2022 was RMB 2,191,062, compared to RMB 1,990,812 in the previous quarter, indicating a worsening of 10.1%[16] - The company reported a net loss of RMB 2,010,445 for the second quarter of 2022, compared to a net loss of RMB 2,284,132 in the previous quarter[16] - The adjusted net loss for the six months ended June 30, 2022, was RMB 4,294,577, compared to RMB 2,026,672 for the same period in 2021, representing an increase of 112.5%[19] Cash and Investments - Cash and cash equivalents, term deposits, and short-term investments totaled RMB 24.9 billion (USD 3.7 billion) as of June 30, 2022[6] - Cash and cash equivalents decreased to RMB 3,491,471 as of June 30, 2022, from RMB 7,523,108 as of December 31, 2021[18] - Total assets as of June 30, 2022, were RMB 48,503,627, down from RMB 52,053,151 as of December 31, 2021[18] - Total liabilities increased slightly to RMB 30,560,913 as of June 30, 2022, compared to RMB 30,337,085 as of December 31, 2021[18] - The company repurchased approximately 2.6 million American Depositary Shares (ADS) at a total cost of USD 53.6 million as of June 30, 2022[6] - The company plans to repurchase up to USD 500 million of ADS over the next 24 months, with USD 23.6 million spent in Q2 2022[6] Future Outlook - The company expects net revenue for Q3 2022 to be between RMB 5.6 billion and RMB 5.8 billion[9] - The company plans to transition to a primary listing on the Hong Kong Stock Exchange, effective October 3, 2022[3] - The company has received shareholder approval for its proposed dual primary listing on the Hong Kong Stock Exchange, effective October 3, 2022[8] - The company expects to continue cost control measures while aiming for growth in the second half of 2022[27] Corporate Governance - The company confirmed compliance with the corporate governance code as stipulated in the Hong Kong Listing Rules as of June 30, 2022[22] - The Nomination and Corporate Governance Committee consists of independent non-executive directors, including Mr. JP Gan as the chairman[47] - The committee reviewed the company's compliance with the Corporate Governance Code and the Hong Kong Listing Rules[48] - The committee monitored risks related to different voting structures and related party transactions[48] - Recommendations were made for the board to continue implementing corporate governance measures and to regularly review their effectiveness[48] Strategic Focus - The company emphasizes the importance of retaining and enhancing user engagement, membership, and advertising clients as part of its strategic focus[38] - The company is committed to providing high-quality content, products, and services while expanding its offerings in the online entertainment sector[38] - The company acknowledges the impact of the COVID-19 pandemic on its business and financial performance, highlighting the need for adaptability[38] - The company aims to maintain its cultural and brand image within target user communities amidst competitive pressures in the online entertainment industry[38] - The company is focused on managing costs and expenditures effectively to support its operational strategies[38]