Table of Contents * Not for trading, but only in connection with the listing on the New York Stock Exchange of American depositary shares, each representing fifty Class A ordinary shares. Securities registered or to be registered pursuant to Section 12(g) of the Act. NONE (Title of Class) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO S ...

Cheetah Mobile Inc. (NYSE:CMCM) Q3 2021 Results Earnings Conference Call November 24, 2021 7:00 AM ET Company Participants Sheng Fu - Chairman and Chief Executive Officer Sheryl Zhang - Investor Relations Director Thomas Ren - Chief Financial Officer Conference Call Participants Melody Chan - Jefferies Operator Good day, and welcome to the Cheetah Mobile Third Quarter 2021 Conference Call. All participants will be in a listen-only mode. After today's presentation, there will be an opportunity to ask questio ...

Cheetah Mobile Inc. (NYSE:CMCM) Q2 2021 Earnings Conference Call September 7, 2021 7:00 AM ET Company Participants Sheng Fu – Chairman and Chief Executive Officer Sheryl Zhang – Investor Relations Director Thomas Ren – Chief Financial Officer Conference Call Participants Melody Chan – Jefferies Operator Good day and welcome to the Cheetah Mobile Second Quarter 2021 conference call. All participants will be in a listen-only mode. After today's presentation, there will be an opportunity to ask questions. Plea ...

Financial Data and Key Metrics Changes - In Q1 2021, Cheetah Mobile's revenue was approximately RMB200 million, with a gross margin of 70.1% and an operating loss narrowed to RMB57 million, while net income attributed to shareholders was RMB76 million [4][5] - Total revenues decreased by 62% year-over-year and 25% quarter-over-quarter to RMB198 million, primarily due to the suspension of collaborations with Google and strategic retrenchment in gaming [8][9] - Operating loss was RMB58 million, improved from RMB141 million year-over-year and RMB57 million quarter-over-quarter [10][11] Business Line Data and Key Metrics Changes - Internet business revenues decreased by 62% year-over-year and 25% quarter-over-quarter to RMB188 million, accounting for the majority of total revenue [9] - AI and other revenues were RMB11 million, reflecting a year-over-year decrease of 66% and a quarter-over-quarter decrease of 24% [9] Market Data and Key Metrics Changes - The company has focused on domestic markets, enhancing membership services, and transitioning from an advertising model to a subscription model [4][5] - The AI business is in an early stage, with initial achievements in shopping mall robots, having over 12,000 robots deployed in about 1,200 shopping malls [6][9] Company Strategy and Development Direction - The company aims to modernize its shopping mall robot business as a new growth engine while maintaining profitable growth in its domestic internet business [7] - The strategy in AI is shifting focus from consumer-facing products to business-to-business (B2B) services, particularly in service robots for delivery and promotions [15][19] Management Comments on Operating Environment and Future Outlook - Management acknowledged challenges in the AI hardware industry and emphasized the importance of operational efficiency in achieving net profit and increasing cash reserves [5][7] - The company is optimistic about the growth potential in the subscription model for internet services, as users are increasingly willing to pay for software features [21][22] Other Important Information - As of March 31, 2021, the company had a cash position of approximately US$276 million, enabling continued investment in core business areas [4][12] - The second quarter revenue guidance is expected to be between RMB175 million and RMB225 million [12] Q&A Session Summary Question: Industry trends for the AI business and strategy amidst revenue decline - Management noted severe competition in the AI hardware industry and challenges in overseas markets, leading to a strategic shift away from consumer-facing products while maintaining focus on B2B services [14][15] Question: Strategy on the subscription business and growth drivers - Management highlighted the trend of Chinese internet users willing to pay for software features, with a focus on converting existing users to paying customers, particularly in security and utility software [21][22]

Cheetah Mobile Inc. (NYSE:CMCM) Q4 2020 Earnings Conference Call March 23, 2021 7:00 AM ET Company Participants Helen Zhu - Director, IR Fu Sheng - Chairman and CEO Thomas Ren - CFO Conference Call Participants Vicky Wei - Citi Melody Chan - Jefferies Operator Good day and welcome to the Cheetah Mobile Fourth Quarter and Full Year 2020 Earnings Conference Call. All participants will be in a listen-only mode. After today's presentation, there will be an opportunity to ask questions. Please note this event is ...

Financial Data and Key Metrics Changes - Total revenues decreased by 60% year-over-year and 7% quarter-to-quarter to RMB 335 million in Q3 2020, primarily due to a decline in overseas business and loss of partnerships with Facebook and Google [5][14] - Non-GAAP operating loss narrowed to RMB 119 million from RMB 220 million in the same period last year and RMB 133 million in the previous quarter [6][17] - Gross margin expanded to 59% in Q3 2020 from 60% in the same period last year [17] Business Line Data and Key Metrics Changes - Revenues from utility products and related services decreased by 47% year-over-year and 5% quarter-over-quarter to RMB 186 million, representing 51% of total revenue [15] - Daily PC revenues from membership subscription fees increased 14 times year-over-year and 42% quarter-over-quarter, indicating a successful transition from an advertising model to a subscription model [7] - Revenues from mobile games business were RMB 158 million, representing 43% of total revenue, with expectations of significant shrinkage in Q4 due to disposed assets [15][16] Market Data and Key Metrics Changes - The company has shifted focus to the domestic market after losing significant overseas revenue sources [21] - The PC business is stabilizing, with a slight increase in user base, while the AI robotics business is recovering from COVID-19 impacts [22] Company Strategy and Development Direction - The company is focusing on AI-related robotics to build an ecosystem for long-term growth, with investments in the online education platform Codemao and partnerships with Beijing OrionStar [9][10] - The strategy emphasizes a pivot to the domestic market and subscription-based revenue models to counteract the challenges faced in overseas markets [21][22] Management Comments on Operating Environment and Future Outlook - Management acknowledges the challenges faced in 2020, particularly due to the removal from Google Play Store, but expresses optimism about regaining revenue growth in the domestic market [21] - The company expects total revenues for Q4 2020 to be between RMB 230 million and RMB 280 million, driven by utility products and services [11][16] Other Important Information - The company disposed of certain business and assets, resulting in a net cash gain of USD 21 million in the second half of 2020 [8] - As of September 30, 2020, the company had cash and cash equivalents of USD 235 million and long-term equity investments of USD 332 million, indicating a strong balance sheet [18] Q&A Session Summary Question: 2021 outlook and business trends across segments - Management highlighted that 2020 was a difficult year, especially after being removed from Google, but they are focusing on the domestic market and expect to regain increases in utility business [21] Question: AI business investment and cash balances - Management noted that AI investments primarily consist of R&D expenses and that the market is recovering, with expectations for growth in AI services next year [25][27]

Cheetah Mobile Inc. (NYSE:CMCM) Q2 2020 Results Earnings Conference Call August 18, 2020 8:00 AM ET Company Participants Helen Zhu - Investor Relations Director Fu Sheng - Chairman & Chief Executive Officer Thomas Ren - Chief Financial Officer Conference Call Participants Vicky Wei - Citi Operator Good day, everyone and welcome to the Cheetah Mobile's Second Quarter 2020 Conference Call. After today’s presentation, there will be an opportunity to ask questions. Please also note today's event is being record ...