Financial Performance - Total revenue for Q1 2024 was RMB 960.9 million (USD 133.1 million), a decrease from RMB 994.2 million in Q1 2023[6] - Gross margin increased from 51.5% in Q1 2023 to 56.6% in Q1 2024[6] - Net loss narrowed to RMB 165.8 million (USD 23.0 million) in Q1 2024, compared to RMB 179.0 million in Q1 2023[8] - Paid subscription revenue was RMB 449.7 million (USD 62.3 million), slightly down from RMB 454.8 million in Q1 2023[7] - Revenue from vocational training grew by 35.9% to RMB 145.4 million (USD 20.1 million) in Q1 2024, up from RMB 107.0 million in Q1 2023[7] - Operating expenses totaled RMB 768.2 million (USD 106.4 million) in Q1 2024, compared to RMB 729.0 million in Q1 2023[7] User Engagement - Average monthly active users (MAUs) reached 89.0 million in Q1 2024[6] - The company is focusing on improving the trustworthiness of its community to drive user engagement and retention[6] - Monthly active users are defined as the number of unique mobile devices that activated the mobile app at least once in a specified month[10] Share Repurchase Program - As of March 31, 2024, the company repurchased 31.1 million Class A ordinary shares under the existing $100 million share repurchase program, totaling $66.5 million[9] - The board has approved an extension of the 2022 repurchase plan until June 26, 2025, pending shareholder approval at the upcoming annual meeting[9] - The proposed repurchase authorization allows for the buyback of up to 10% of the company's issued shares as of the approval date, excluding treasury shares[9] - The company plans to fund any repurchases using existing cash reserves[9] Financial Metrics and Adjustments - Non-GAAP financial measures, such as adjusted operating loss and adjusted net loss, are used to supplement the review and assessment of the company's operating performance[13] - The adjusted operating loss for the three months ended March 31, 2023, was RMB 157,336 thousand, compared to RMB 165,293 thousand for the previous quarter[23] Future Plans and Events - The company aims to achieve profitability through enhanced operational efficiency and reduced losses[6] - The company will hold an earnings conference call on June 12, 2024, at 7:00 AM Eastern Time[11] - The company will change the ratio of American Depositary Shares (ADS) to Class A ordinary shares from two ADS to one Class A share to three ADS to one Class A share effective May 10, 2024[10] Historical Financial Data - Total revenue for the three months ended March 31, 2023, was RMB 994,220 thousand, a decrease of 12.7% from RMB 1,138,297 thousand for the three months ended December 31, 2022[16] - The number of paid members for professional training was 145,436, compared to 169,272 in the previous quarter, indicating a decline of 14.1%[16] - Gross profit for the three months ended March 31, 2023, was RMB 512,219 thousand, down from RMB 673,100 thousand in the previous quarter, representing a decrease of 24%[16] - Operating loss for the three months ended March 31, 2023, was RMB 216,744 thousand, compared to a loss of RMB 178,158 thousand for the three months ended December 31, 2022[16] - Net loss attributable to Zhihu shareholders for the three months ended March 31, 2023, was RMB 181,355 thousand, compared to a loss of RMB 103,771 thousand in the previous quarter[16] - Total assets as of December 31, 2022, were RMB 6,795,272 thousand, a slight increase from RMB 6,535,376 thousand as of March 31, 2023[22] - Total liabilities as of March 31, 2023, were RMB 2,093,662 thousand, compared to RMB 2,027,808 thousand as of December 31, 2022[22] - The company reported a basic and diluted net loss per share of RMB (0.59) for the three months ended March 31, 2023[18] - Cash and cash equivalents as of December 31, 2022, were RMB 2,106,639 thousand, showing a decrease to RMB 2,194,419 thousand as of March 31, 2023[22]

Investor Home Corporate Information Company Profile Corporate Governance Board of Directors News & Events Company News Event Calendar Shareholder Meetings Webcasts Financials & Filings Quarterly Results Annual & Interim Reports SEC Filings HKEX Filings Stock Information Stock Quote Historical Price Lookup Analyst Coverage Investor Resources Investor FAQs IR Contacts Investor Alerts EN EN ̤娉¬ � Search Keywords... Search Company News Zhihu Inc. Reports Unaudited First Quarter 2024 Financial Results BEIJING, J ...

Core Points - Zhihu Inc. has received a Compliance Notice from the NYSE indicating that it is no longer below the minimum average share price requirement of US$1.00 over a 30 trading-day period [1] - The company had previously been notified on December 28, 2023, that it was not in compliance due to the trading price of its American Depositary Shares [1] Company Overview - Zhihu Inc. is a leading online content community in China, evolving from a Q&A platform since its launch in 2010 to one of the largest comprehensive online content communities in the country [2]

BEIJING, June 5, 2024 /PRNewswire/ -- Zhihu Inc. (NYSE: ZH; HKEX: 2390) ("Zhihu" or the "Company"), a leading online content community in China, today announced the appointment of Mr. Bin Sun as the Company's chief technology officer, effective immediately. Mr. Dahai Li resigned as the Company's chief technology officer due to his commitment of serving full-time as the chief executive officer of Modelbest, a technology start-up company dedicated to AI and large language models. Mr. Li will remain as a direc ...

Core Points - Zhihu Inc. will hold its annual general meeting (AGM) on June 26, 2024, in Beijing to consider proposed resolutions [1] - Shareholders of record as of May 24, 2024, are entitled to attend and vote at the AGM [2] - The company has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the SEC [2] Company Overview - Zhihu Inc. is a leading online content community in China, evolving from a Q&A platform since its launch in 2010 to one of the largest comprehensive online content communities [3]

BEIJING, May 27, 2024 /PRNewswire/ -- Zhihu Inc. ("Zhihu" or the "Company") (NYSE: ZH; HKEX: 2390), a leading online content community in China, today announced that it will report its unaudited financial results for the quarter ended March 31, 2024 before the U.S. market opens on June 12, 2024.The Company's management will host a conference call at 7:00 A.M. U.S. Eastern Time on Wednesday, June 12, 2024 (7:00 P.M. Beijing/Hong Kong Time on Wednesday, June 12, 2024) to discuss the results.All participants w ...

BEIJING, April 26, 2024 /PRNewswire/ -- Zhihu Inc. (NYSE: ZH; HKEX: 2390) ("Zhihu" or the "Company"), a leading online content community in China, today announced that it plans to change the ratio of its American depositary shares ("ADSs") to its Class A ordinary shares (the "ADS Ratio Change"), par value US$0.0001 per share, from the current ratio of two ADSs representing one Class A ordinary share to a new ratio of one ADS representing three Class A ordinary shares, effective on or about May 10, 2024, U.S ...

Financial Performance - Total revenues for 2023 reached RMB 4,198,889 thousand, representing a 16.5% increase from RMB 3,604,919 thousand in 2022[11] - Gross profit for 2023 was RMB 2,295,848 thousand, up 27.0% from RMB 1,808,052 thousand in 2022[11] - The net loss for 2023 decreased to RMB 839,528 thousand, a 46.8% improvement compared to RMB 1,578,403 thousand in 2022[11] - Adjusted loss from operations for 2023 was RMB 887,984 thousand, a 27.1% reduction from RMB 1,218,803 thousand in 2022[11] - Adjusted net loss for 2023 was RMB 659,093 thousand, down 44.9% from RMB 1,195,855 thousand in 2022[11] - Marketing services revenue decreased to RMB1.7 billion in 2023 from RMB2.0 billion in 2022, reflecting a challenging industry environment[38] - Paid membership revenue increased by 48.4% to RMB1.8 billion in 2023, up from RMB1.2 billion in 2022, driven by growth in subscribing members[38] - Vocational training revenue surged by 127.8% to RMB565.6 million in 2023, compared to RMB248.3 million in 2022, due to enhanced online course offerings and contributions from acquired businesses[38] - Gross profit rose by 27.0% to RMB2.3 billion in 2023, with gross margin expanding to 54.7% from 50.2% in 2022[42] - Total operating expenses remained flat at RMB3.4 billion in 2023, with research and development expenses increasing by 18.1% to RMB901.5 million[43] User Engagement - Average monthly active users (MAUs) increased by 4.0% to 105.3 million in 2023 from 101.3 million in 2022[11] - Average monthly subscribing members rose by 47.5% to 14.5 million in 2023, compared to 9.8 million in 2022[11] - As of December 31, 2023, the cumulative number of content creators reached 71.3 million, a 13.0% increase from 63.1 million in 2022[26] Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 6,795,272 thousand, a decrease from RMB 7,656,239 thousand in 2022[8] - Current liabilities increased to RMB 1,945,488 thousand in 2023 from RMB 1,824,841 thousand in 2022[8] - Total shareholders' equity for Zhihu Inc. was RMB 4,599,810 thousand as of December 31, 2023, compared to RMB 5,653,696 thousand in 2022[8] Corporate Structure and Compliance - The company operates its Zhihu online platforms and other services through Consolidated Affiliated Entities, which are subject to foreign investment restrictions under PRC laws[91] - The company holds an ICP License, which is required for providing commercial internet information services in China[93] - The company has obtained a Publication Operation License to conduct publication distribution business in compliance with PRC regulations[102] - The Company faces risks related to compliance with PRC laws regarding its contractual arrangements, which could lead to penalties or loss of operational control[105] - The Company has adopted measures to ensure compliance with Contractual Arrangements, including annual reviews by the Board and external legal advisors if necessary[106] Governance and Management - The executive team includes Mr. Zhou as Chairman and CEO, and Mr. Dahai Li as Chief Technology Officer, both with extensive industry experience[171][172] - The Group's management team includes Mr. Han Wang as Chief Financial Officer, appointed in February 2024, with prior experience in investment firms[178] - The Board consists of seven members: two executive Directors, two non-executive Directors, and three independent non-executive Directors[188] - During the Reporting Period, the Board held four meetings, with all Directors actively participating in the majority of them[190] - The Company has received annual confirmations of independence from all independent non-executive Directors, ensuring compliance with independence requirements[194] Strategic Initiatives - The company plans to enhance its monetization model and expand discussions and search scenarios in the community to better serve users and clients in 2024[31] - The Company emphasizes a content-centric business model to create value for stakeholders through sustainable growth and continuous development[181] - The Group is committed to reviewing and adjusting its business strategies to respond to changing market conditions and foster sustainability[182] Shareholder Information - The Company did not recommend the distribution of an annual dividend for the Reporting Period[153] - The Company repurchased approximately 39,758,632 ADSs, representing a total of 19,879,316 Class A Ordinary Shares, for an aggregate consideration of US$41,783,921 during the Reporting Period[141] - The weighted voting rights structure allows the WVR Beneficiary to control the Company despite not holding a majority economic interest[136] Risks and Challenges - The company faces risks related to its corporate structure, including potential penalties from the PRC government regarding its contractual arrangements with Consolidated Affiliated Entities[73] - The company is subject to uncertainties in China's legal system, which could limit legal protections and impose additional obligations[75] - The company's Class A ordinary shares and ADSs have experienced volatility, which could result in substantial losses for investors[81]

Core Points - Zhihu Inc. filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the Securities and Exchange Commission on April 26, 2024 [1] - The annual report includes audited consolidated financial statements and is available on the Company's investor relations website [1] - Shareholders and ADS holders can request a hard copy of the annual report free of charge [1] Company Overview - Zhihu Inc. is a leading online content community in China, evolving from a Q&A platform since its launch in 2010 to one of the top comprehensive online content communities [2] - The company is recognized as the largest Q&A-inspired online content community in China [2] - For investor and media inquiries, Zhihu provides contact information for representatives in both China and the United States [2]

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, 2023 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 SE ...