Cheetah Mobile(CMCM)

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Cheetah Mobile(CMCM) - 2022 Q4 - Annual Report
2023-04-17 16:00
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(CMCM) - 2021 Q3 - Earnings Call Transcript
2021-11-24 16:08
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(CMCM) - 2021 Q1 - Earnings Call Transcript
2021-06-11 15:49
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(CMCM) - 2020 Q4 - Earnings Call Transcript
2021-03-23 17:08
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 ...
Cheetah Mobile(CMCM) - 2020 Q3 - Earnings Call Transcript
2020-11-24 15:03
Cheetah Mobile Inc. (NYSE:CMCM) Q3 2020 Earnings Conference Call November 24, 2020 7:00 AM ET Company Participants Helen Zhu - Investor Relations Director Fu Sheng - Chairman & CEO Thomas Ren - CFO Conference Call Participants Thomas Tang - Jefferies Vicky Wei - Citigroup Operator Good day, and welcome to the Cheetah Mobile Third Quarter 2020 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 b ...
Cheetah Mobile(CMCM) - 2020 Q2 - Earnings Call Transcript
2020-08-18 15:45
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 ...
Cheetah Mobile(CMCM) - 2020 Q1 - Earnings Call Transcript
2020-06-10 15:04
Cheetah Mobile Inc. (NYSE:CMCM) Q1 2020 Earnings Conference Call June 10, 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 Thomas Chong - Jefferies Vicky Wei - Citi Operator Good day, and welcome to the Cheetah Mobile First Quarter 2020 Conference Call. All participants will be in a listen-only mode. After today’s presentation, there will be an opportunity to ask questi ...
Cheetah Mobile(CMCM) - 2019 Q4 - Annual Report
2020-05-15 12:17
Table of Contents 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 SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SEC ...