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36Kr Holding Inc. Announces Changes to Board of Directors
Prnewswire· 2024-03-06 09:00
BEIJING, March 6, 2024 /PRNewswire/ -- 36Kr Holdings Inc. ("36Kr" or the "Company" or "We") (NASDAQ: KRKR), a prominent brand and a pioneering platform dedicated to serving New Economy participants in China, today announced that Mr. Hao Lan has resigned from the board of directors of the Company (the "Board") due to personal reasons, effective March 6, 2024. Ms. Lin Wei, the Company's chief financial officer, has been appointed as director of the Company to succeed Mr. Hao Lan, effective immediately. The Bo ...
36Kr Holdings(KRKR) - 2023 Q3 - Earnings Call Transcript
2023-12-07 17:58
36Kr Holdings Inc. (NASDAQ:KRKR) Q3 2023 Earnings Conference Call December 7, 2023 7:00 AM ET Company Participants Dagang Feng - Co-Chairman & CEO Lin Wei - CFO Conference Call Participants Lingyi Zhao - SWS Research Peipei Qiu - Industrial Securities Operator Hello, ladies and gentlemen. Thank you for standing by for 36Kr Holdings Inc.'s Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After management's remarks, there will be a question-and-answer sess ...
36Kr Holdings(KRKR) - 2023 Q2 - Earnings Call Transcript
2023-08-31 17:57
Call Start: 07:00 January 1, 0000 7:51 AM ET 36Kr Holdings Inc. (NASDAQ:KRKR) Q2 2023 Earnings Conference Call August 31, 2023 07:00 ET Company Participants Dagang Feng - Co-Chairman & Chief Executive Officer Lin Wei - Chief Financial Officer Conference Call Participants Jing Chen - CICC Lingyi Zhao - SWS Research Operator Hello, ladies and gentlemen, thank you for standing by for 36Kr Holdings Inc.'s Second Quarter 2023 Earnings Conference Call. [Operator Instructions] After management's remarks, there wil ...
36Kr Holdings(KRKR) - 2023 Q2 - Quarterly Report
2023-08-30 16:00
Exhibit 99.1 36Kr Holdings Inc. Reports Second Quarter 2023 Unaudited Financial Results BEIJING, August 31, 2023 / PRNEWSWIRE / - 36Kr Holdings Inc. ("36Kr" or the "Company" or "We") (NASDAQ: KRKR), a prominent brand and a pioneering platform dedicated to serving New Economy participants in China, today announced its unaudited financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights · Number of followers as of June 30, 2023 reached 30.5 million, an increase of 21.5% from ...
36Kr Holdings(KRKR) - 2023 Q1 - Earnings Call Transcript
2023-06-06 21:18
Financial Data and Key Metrics Changes - Total revenue for Q1 2023 reached RMB 55.5 million, up 12% year-over-year from RMB 49.6 million [28] - Advertising revenue increased to RMB 41.9 million, up 11% year-over-year [28] - Enterprise Value-Added Services revenue rose to RMB 10 million, up 7% year-over-year [29] - Subscription Services revenue jumped 36% year-over-year to RMB 3.6 million [29] - Gross profit was RMB 23.1 million, with a gross profit margin of 42%, down from 52% year-over-year [30] - Net loss for Q1 2023 was RMB 39 million, compared to net income of RMB 32.6 million in the same period last year [33] Business Line Data and Key Metrics Changes - Advertising segment saw a customer increase to 147, with ARPU rising to RMB 285,000, up 2.3% year-over-year [16] - Subscription services ARPU increased significantly to RMB 150,000 due to optimized membership systems and course offerings [21] - Short video followers exceeded 8 million, marking a 42% year-over-year increase [10] Market Data and Key Metrics Changes - The company noted a gradual recovery in advertising demand as the pandemic's impact faded, particularly benefiting from e-commerce giants during promotional events [36] - The advertising business is expected to continue growing, particularly in the new economy sector, with increased demand from FMCG and 3C companies [37] Company Strategy and Development Direction - The company is focusing on enhancing its content ecosystem and leveraging AI technologies to drive revenue growth and improve profitability [26] - Plans to expand into new industries and enhance partnerships with major brands were highlighted, including collaborations with Gree and top brands like Samsung and Haier [18] - The company aims to explore diversified revenue-generating channels through innovative technologies such as AIGC [39] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the advertising market recovery, noting that the post-pandemic recovery is slower than expected [36] - The company anticipates a rebound in gross profit margins as new content commercialization kicks in [42] - The management emphasized the importance of AI technologies in enhancing operational efficiency and content production [49] Other Important Information - The company has made significant strides in its AIGC initiatives, integrating AI technologies into various business areas to enhance efficiency and reduce costs [15] - The cumulative number of reviews on the 36Kr Enterprise Services review platform exceeded 60,000, up 198% year-over-year [24] Q&A Session Summary Question: How is advertising business recovering in the second quarter and what is the outlook for the recovery of the advertising market? - Management noted that advertising revenue increased by 11% year-over-year, with a positive outlook for the 618 e-commerce festival and overall advertising business growth [35] Question: What are the plans to further develop the growth potential of the short video business? - The company launched original short videos and long video content, achieving significant follower growth and recognition from high-profile customers [38] Question: Why did the gross profit margin decrease year-over-year and what is the long-term outlook? - Management explained that increased offline costs and new content production led to the margin decrease, but expected a rebound as commercialization of new content progresses [41][42] Question: What measures are being taken to enhance customer stickiness and payment rates? - The company is expanding its content offerings, enhancing product metrics, and geographically expanding to improve customer engagement [44][46] Question: Could you provide details about the strategy for using AI? - Management highlighted the integration of AIGC technologies to enhance content production efficiency and reduce costs, with ongoing efforts to leverage AI for revenue growth [48][49]
36Kr Holdings(KRKR) - 2022 Q4 - Annual Report
2023-04-25 16:00
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 12(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, 2022. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITI ...
36Kr Holdings(KRKR) - 2022 Q4 - Earnings Call Transcript
2023-03-29 18:10
Financial Data and Key Metrics Changes - In 2022, the company's total revenue reached RMB322 million, growing 2% year-over-year, with a profit of RMB22.64 million, marking the first full-year profit since its listing [6][38] - For Q4 2022, total revenues were RMB96.6 million, a sequential increase of 2% [31] - Gross profit for the full year of 2022 was RMB184.6 million, with a gross profit margin of 57.3%, down from 59.3% in the previous year [35][38] - The net loss for Q4 2022 was RMB21.5 million, compared to a net income of RMB15.4 million in the same period of 2021 [38] Business Line Data and Key Metrics Changes - Advertising revenue for 2022 reached RMB222 million, up 3% year-over-year, while Q4 advertising revenue was RMB62.2 million, down from RMB76.4 million in the same period last year [31][19] - Enterprise value-added services revenue for 2022 was RMB72.6 million, a slight decrease from RMB74 million in the previous year, with Q4 revenue at RMB25.4 million [32] - Subscription services revenue for 2022 amounted to RMB28.2 million, a 1% increase year-over-year, with Q4 revenue at RMB8.9 million [33] Market Data and Key Metrics Changes - The number of followers exceeded 28 million, up 23% year-over-year, with short video followers accounting for 7.75 million, rising by 43% [11] - The advertising customer base grew to 532, reflecting stable year-over-year growth [19] Company Strategy and Development Direction - The company aims to enrich its content ecosystem and explore vertical industries such as artificial intelligence and new electric vehicles [43] - Plans include refining the 36Kr Enterprise Service Review platform and expanding the 36Kr Business School to empower small and medium-sized enterprises [43] - The company is investing in AIGC technology to enhance content production efficiency and user interaction [44] Management's Comments on Operating Environment and Future Outlook - Management noted a steady recovery in the advertising business as of Q1 2023, with expectations for significant growth as market confidence improves [47][48] - The company anticipates continued revenue growth and another full-year profit in 2023, driven by economic recovery post-COVID-19 [29] Other Important Information - The company launched the Kr Venture Capital platform, which is expected to bring considerable revenue upside [15] - The enterprise service review platform saw a 700% increase in leads year-over-year, with over 8,000 products listed [27] Q&A Session Summary Question: What are the company's priorities and plans for this year? - The company will continue to enrich its content ecosystem and explore new product initiatives, including the 36Kr Enterprise Service Review platform and the 36Kr Business School [43] Question: What changes have occurred in advertisers' roadmaps and the advertising business outlook? - The advertising business is recovering steadily, with clients regaining confidence, although budgets remain limited [47][48] Question: What will drive future growth in the enterprise value-added services segment? - Growth will come from both an increase in the number of paying companies and the level of corporate payments, with plans to expand into lower-tier markets [50][52] Question: What is the plan for AI and AIGC technology? - The company has been adopting AIGC technology to enhance content production quality and efficiency, with significant improvements in user interaction and production efficiency [56][58]
36Kr Holdings(KRKR) - 2022 Q3 - Earnings Call Transcript
2022-12-07 18:20
36Kr Holdings Inc. (NASDAQ:KRKR) Q3 2022 Earnings Conference Call December 7, 2022 7:00 AM ET Corporate Participants Yang Li - Investor Relations Manager Dagang Feng - Co-Chairman and Chief Executive Officer Lin Wei - Chief Financial Officer Conference Call Participants Peipei Qiu - Industrial Securities Lingyi Zhao - SWS Research Jing Chen - CICC Operator Hello, ladies and gentlemen, and thank you for standing by for the 36Kr Holdings Inc.'s Third Quarter 2022 Earnings Conference Call. At this time, all pa ...
36Kr Holdings(KRKR) - 2022 Q2 - Earnings Call Transcript
2022-08-24 18:35
36Kr Holdings Inc. (NASDAQ:KRKR) Q2 2022 Earnings Conference Call August 24, 2022 8:00 AM ET Company Participants Yang Li - Investor Relations Manager Dagang Feng - Co-Chairman and CEO Lin Wei - Chief Financial Officer Conference Call Participants Lingyi Zhao - SWS Research Peipei Qiu - Industrial Securities Jing Chen - CICC Operator Hello, ladies and gentlemen. Thank you for standing by for 36Kr Holdings Inc.’s Second Quarter 2022 Earnings Conference Call. At this time, all participants are in listen-only ...