ZHIHU(ZH)

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Zhihu Announces Receipt of NYSE Notification Regarding ADS Trading Price Requirement
Prnewswire· 2023-12-29 21:05
BEIJING, Dec. 29, 2023 /PRNewswire/ -- Zhihu Inc. (NYSE: ZH; HKEX: 2390) ("Zhihu" or the "Company"), a leading online content community in China, today announced that it has received a letter from the New York Stock Exchange (the "NYSE") dated December 28, 2023, notifying the Company that it is below compliance standards due to the trading price of Zhihu's American depositary shares (the "ADSs"). The notice has no immediate impact on the listing of the Company's ADSs, which will continue to be listed and tr ...
ZHIHU(ZH) - 2023 Q3 - Earnings Call Transcript
2023-11-29 17:52
Zhihu Inc. (NYSE:ZH) Q3 2023 Results Conference Call November 29, 2023 6:00 AM ET Company Participants Iris Liu - IR Manager Zhou Yuan - Founder, Chairman and CEO Li Dahai - Chief Technology Officer Henry Sha - CFO Conference Call Participants Steve Qu - Goldman Sachs Xueqing Zhang - CICC Vicky Wei - Citi Daisy Chen - Haitong International Thomas Chong - Jefferies Eileen Lin - China Renaissance Operator Ladies and gentlemen, thank you for standing by, and welcome to the Zhihu Inc. Third Quarter 2023 Financi ...
ZHIHU(ZH) - 2023 Q2 - Earnings Call Transcript
2023-08-25 17:26
Zhihu Inc. (NYSE:ZH) Q2 2023 Earnings Conference Call August 23, 2023 8:00 AM ET Company Participants Yolanda Lian Liu - IR Manager Zhou Yuan - Founder, Chairman and CEO Li Dahai - Chief Technology Officer Henry Sha - CFO Conference Call Participants Xueqing Zhang - CICC Steve Qu - Goldman Sachs Vicki Wei - Citi Daisy Chen - Haitong International Yiwen Zhang - Chinese Renaissance Operator Hello, ladies and gentlemen. Thank you for standing by, and welcome to the Zhihu Inc. Second Quarter 2023 Financial Resu ...
ZHIHU(ZH) - 2023 Q2 - Quarterly Report
2023-06-29 16:00
Shareholder Resolutions - The AGM resolutions were passed with significant support, including 99.999174% of Class A shares voting in favor of adopting the audited consolidated financial statements for the year ended December 31, 2022 [11]. - The re-election of Mr. Henry Dachuan Sha as an executive director received 98.303200% support from Class A shares [6]. - The resolution to authorize the board to fix the remuneration of directors was supported by 99.978192% of Class A shares [15]. - A general mandate to issue additional Class A ordinary shares not exceeding 20% of the total issued shares was approved with 87.581129% support from Class A shares [16]. - The resolution to grant a general mandate to repurchase shares not exceeding 10% of the total issued shares received 99.998478% support from Class A shares [18]. - The resolution to extend the general mandate to issue additional shares by the number of shares repurchased was supported by 87.723918% of Class A shares [19]. - No shareholders indicated an intention to vote against any resolutions proposed at the AGM, reflecting a consensus among shareholders [4]. AGM Attendance and Voting - The total votes cast at the AGM amounted to 314,804,994, with a high turnout indicating strong shareholder engagement [18]. - A total of 145,188,442 shares were represented at the AGM, with 99.9987% voting in favor of the auditor re-appointment [6]. - The AGM was attended by key executives, including the Chairman and two executive directors, while two non-executive directors were absent due to other business arrangements [23]. Auditor Appointment - The Company re-appointed PricewaterhouseCoopers as auditor, with 99.9986% of Class A shares and 100% of Class B shares voting in favor [6]. Share Structure - The total number of issued shares as of the Share Record Date was 319,601,988, comprising 300,755,702 Class A Ordinary Shares and 18,846,286 Class B Ordinary Shares [3]. - The AGM was held on June 30, 2023, in Beijing, China, with all proposed resolutions duly passed [3].
ZHIHU(ZH) - 2023 Q1 - Earnings Call Transcript
2023-05-24 17:05
Zhihu Inc. (NYSE:ZH) Q1 2023 Earnings Conference Call May 24, 2023 7:30 AM ET Company Participants Yolanda Lian Liu - Senior IR Manager Zhou Yuan - Founder, Chairman and CEO Henry Sha - Chief Financial Officer Li Dahai - Chief Technology Officer Conference Call Participants Vicky Wei - Citigroup Steve Qu - Goldman Sachs Xueqing Zhang - CICC Operator Ladies and gentlemen, thank you for standing by, and welcome to Zhihu Inc. First Quarter 2023 Financial Results Conference Call. [Operator Instructions] Today's ...
ZHIHU(ZH) - 2023 Q1 - Quarterly Report
2023-05-23 16:00
Exhibit 99.1 Zhihu Inc. Reports Unaudited First Quarter 2023 Financial Results BEIJING, China, May 24, 2023 — Zhihu Inc. ("Zhihu" or the "Company") (NYSE: ZH; HKEX: 2390), a leading online content community in China, today announced its unaudited financial results for the quarter ended March 31, 2023. First Quarter 2023 Highlights ● Total revenues were RMB994.2 million (US$144.8 million) in the first quarter of 2023, representing a 33.8% increase from the same period of 2022. ● Net loss was RMB179.0 million ...
ZHIHU(ZH) - 2022 Q4 - Annual Report
2023-04-27 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 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO ...
ZHIHU(ZH) - 2022 Q4 - Earnings Call Transcript
2023-03-23 14:00
Financial Data and Key Metrics Changes - In Q4 2022, total revenues increased by 9% year-over-year to RMB 1.1 billion, marking the third consecutive quarterly revenue increase [7][19] - Adjusted net loss decreased by 44%, with adjusted net margin narrowing to minus 12% from minus 24% in the same period of last year [7][25] - GAAP net loss in Q4 was RMB 179.5 million, narrowing by 53.2% on a yearly basis and about 40% sequentially [24][25] Business Line Data and Key Metrics Changes - Revenue from paid membership totaled over RMB 400 million in Q4, with a year-over-year growth rate of 93% [7][20] - Vocational training revenue reached RMB 84.6 million in Q4, a significant increase of 281% from RMB 22.2 million in the same period of 2021 [20] - Revenue from enterprise-oriented business, including online advertising and CCS, decreased by 23% year-over-year in Q4 due to pandemic-related disruptions [8][21] Market Data and Key Metrics Changes - Average monthly active users (MAUs) grew to 101 million by year-end 2022, with a 14% year-over-year increase in content creators, totaling 53.1 million [6][19] - Daily education-related searches increased significantly, accounting for a meaningful portion of total daily searches in Q4 [14] Company Strategy and Development Direction - The company is focused on a "Community Ecosystem First" strategy, aiming to expand high-quality content and user engagement [6][19] - Plans to invest in AI-based large language models (LOMs) and enhance technical capabilities to improve user experience and content creation [15][16] - The company aims to grow its user-oriented business, particularly in paid memberships and vocational training, which are expected to contribute significantly to total revenues [19][20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2022 due to COVID-19 and economic turmoil but expressed confidence in the company's resilience and growth potential [6][19] - The company anticipates continued growth in its community and education-related businesses, with a focus on technology investments to enhance operational efficiency [39][56] Other Important Information - As of December 31, 2022, the company had cash and cash equivalents of RMB 6.3 billion and had repurchased 6.5 million Class A ordinary shares at a total cost of USD 16.7 million [25] Q&A Session Summary Question: What are Zhihu's strategies for integrating large language models? - Management is evaluating both self-development and collaboration with third parties to empower content creation [28][30] Question: What are the company's priorities for 2023? - The company will continue with its ecosystem-first strategy, focusing on community and education-related business growth [33][35] Question: How is the advertising and CCS business recovering? - Recovery depends on the macroeconomic environment in China, which may take time [42] Question: What is the outlook for gross profit margin and breakeven timing? - Gross profit margin improved to about 56% in Q4, with expectations of around 50% on average moving forward [44][45] Question: What is the strategy for the membership business? - The membership business is expected to achieve high growth, with a focus on enhancing the content creation ecosystem [46][51] Question: What are the medium to long-term goals for the education segment? - The education-related business is seen as a massive market with opportunities for both organic growth and M&A [52][55]
ZHIHU(ZH) - 2022 Q3 - Earnings Call Transcript
2022-11-30 17:40
Zhihu Inc. (NYSE:ZH) Q3 2022 Earnings Conference Call November 30, 2022 7:00 AM ET Company Participants Jingjing Du – Head-Investor Relations Zhou Yuan – Chairman and Chief Executive Officer Sun Wei – Chief Financial Officer Conference Call Participants Steve Qu – Goldman Sachs Xueqing Zhang – CICC Ashley Xu – Credit Suisse Yiwen Zhang – China Renaissance Operator Ladies and gentlemen, thank you for standing by, and welcome to the Zhihu Inc. Third Quarter 2022 Financial Results Conference Call. At this time ...
ZHIHU(ZH) - 2022 Q2 - Earnings Call Transcript
2022-08-30 16:50
Zhihu Inc. (NYSE:ZH) Q2 2022 Earnings Conference Call August 30, 2022 7:30 AM ET Company Participants Jingjing Du - Head of Investor Relations Yuan Zhou - Founder, Chairman & Chief Executive Officer Sun Wei - Chief Financial Officer Conference Call Participants Xueqing Zhang - CICC Ashley Xu - Credit Suisse Operator Ladies and gentlemen, thank you for standing by and welcome to the Zhihu Inc. Second Quarter and Half Year Interim '22 Financial Results Conference Call. [Operator Instructions] Today's conferen ...