luckydude777
2 years ago
I wonder how many have taken the time to read 1st quarter results of KRKR below?:
36Kr is approaching an inflection point with its strong 2022Q1 financial results
Jun 01, 2022 (PRNewswire via COMTEX) -- PR Newswire
BEIJING, June 1, 2022
total revenues increased by 14% YoY; net income reached a record high since IPO of RMB32.6 million
BEIJING, June 1, 2022 /PRNewswire/ -- The US-listed company 36Kr Holdings Inc. (NASDAQ: KRKR) just reported its unaudited financial results for the first quarter of 2022 ended March 31, 2022. Total revenues increased by 14% year-over-year to RMB49.6 million; net income reached a record high since IPO of RMB32.6 million. Also, the newly incubated business 36Kr Enterprise Service Review platform showed robust growth momentum, and it would become the second growth curve for 36Kr.
As a prominent brand and a pioneering platform dedicated to serving New Economy participants in China, 36Kr consistently strives to broaden its media service boundaries and refine its business model while building a closed-loop service framework with new products and models. Both online advertising services revenues and enterprise value-added services revenues increased substantially in the first quarter.
As 36Kr's cash-cow business, advertising services performed remarkably well in the first quarter, achieving RMB37.6 million in revenue, an increase of 13% year-over-year. Its advertising performance in the first quarter was well above the industry average. Based on the recently released public companies' earnings reports, Tencent's (0700. HK) advertising revenue decreased 17% year over year in 2022Q1, iQiyi's (NASDAQ: IQ) advertising revenue decreased 30% year over year, and Autohome(NASDAQ: ATHM) advertising revenue decreased over 50% year over year.
Leveraging its short-form video, 36Kr achieved a new high in terms of contract size for its advertising services during the quarter. 36Kr helped various well-known companies, including Intel, Panasonic, Changan Auto, Toyota, BYD, Dali Education, and iFLYTEK, promote their brand concepts and create product launch videos. In the future, the short-form video advertisement will propel the expansion of 36Kr service presence and raise the advertising revenue ceiling.
36Kr enterprise value-added service offerings, which include integrated marketing services, online/offline events, consulting services, cater to different demands of customers. In the first quarter of 2022, 36Kr Enterprise value-added services reached RMB9.3 million, growing 35% year-over-year in the first quarter. Both the number of enterprise clients and the value of contract execution significantly increased year over year. During the first quarter, 36Kr entered into partnerships with many enterprise clients as well as government agencies, and continued to diversify its client roster.
36Kr's net income reached RMB32.6 million in the first quarter of 2022. This is 2nd consecutive quarter of profitability, and a record-high quarterly net income since its IPO in November 2019. The robust financial results implied 36Kr business vitality and superior operational efficiency. This also can be seen as an inflection point of the company, where it is bottoming out from its previous uncertainties.
To embrace the historic opportunities in the digital transformation and technology upgrade trends that have ushered the SaaS industry into an era of fast growth, 36Kr incubated its new business, Enterprise Service Review Platform, in late 2020.
Leveraging 36Kr vast enterprise database, proven content strengths, and deep understanding of client pain points, 36Kr is well-positioned to build 36Kr Enterprise Service Review Platform as a leading professional platform for enterprise-level applications and services selection in China. 36Kr Enterprise Service Review Platform effectively fills the information gap between sellers and buyers of enterprise services and aspires to be the go-to SaaS selection platform in China. 36Kr Enterprise Service Review Platform provides in-depth reports, rankings, and feedbacks for applications and services from real users. It also enables all categories of enterprise service providers to showcase their products, address the dynamic feedbacks of users, as well as capture potential customer needs and sales leads.
As of the first quarter of 2022, 36Kr Enterprise Service Review platform included close to 6,000 software applications and accumulated approximately 21,000 genuine comments from real users, up 27% sequentially, while its monthly active users (MAUs) reached around 900,000, up 49% sequentially. 36Kr Enterprise Service Review platform has become a leading, comprehensive, authoritative, objective, and independent platform in China for thousands of enterprises to make their procurement decisions or acquire customers for SaaS applications and services. The platform utilizes 36Kr enterprise network communities to boost traffic, build an enterprise services alliance community.
2022 is the year that 36Kr's Enterprise Service Review Platform kicked off its initial commercialization. Up to now, 36Kr has signed contracts with Kingdee, HiteVision, and EC SCRM and will empower these clients in customer acquisition, brand management, and marketing services.
Riding the waves of industry upgrades and digital transformation amid the rise of new consumption, advanced technology, and the booming of China's New Economy, 36Kr will seize this historic opportunity to build a system of optimized products and services, achieving faster and higher-quality business growth. This will result in a complete reshape of 36Kr's business fundamentals, prompting the market to re-assess 36Kr's valuation.
Mr. Dagang Feng, co-chairman and CEO of 36Kr commented that "We kicked off 2022 with robust first-quarter results, with 14% year-over-year growth in total revenues and a record high quarterly net income since our IPO of RMB32.6 million. We are also encouraged to see our user engagement metrics continue to improve, demonstrating our enhanced brand influence and elevated value proposition to our consumers. Notably, our new business initiative, 36Kr Enterprise Service Review platform continued its strong growth trajectory, with major operating metrics improving substantially year-over-year. Looking ahead, we will continue to be the torchbearer of China's New Economy space, and we believe we are well-positioned to seize the immense opportunities in the New Economy-driven growth prospects and scale new heights as we start the next chapter of our development."
makinezmoney
3 years ago
$KRKR: Business Podcast program on NIO Radio
$KRKR now at 2.20 !!!!!!!!!!
GO $KRKR
********************************************
BEIJING, July 13, 2021 (GLOBE NEWSWIRE) -- 36Kr Holdings Inc. ("36Kr" or the "Company") (NASDAQ:KRKR), a prominent brand and pioneering platform dedicated to serving New Economy participants in China, today announced that it has joined hands with NIO, a pioneer in China's premium electric vehicle market, to launch a business-centric podcast series titled Kr-Intelligence on NIO Radio, an interactive audio community operated by NIO.
Nio Inc. (NYSE:NIO) is a pioneer and a leading manufacturer of premium smart electric vehicles in China with the mission of shaping a joyful life. NIO Radio is a media channel exclusively for NIO users that runs 24/7. As an audio program focused on business information and knowledge sharing, Kr-Intelligence will be broadcast on the NIO Radio playlist with a spotlight on the latest business trends, presenting users with comprehensive, high-quality, insightful and timely business and financial information through in-depth professional analysis. The successful launch of the audio program is a testament to 36Kr's ability to deliver a comprehensive array of content to partners, further validating the content strength and brand power of 36Kr's platform.
As a prominent brand and pioneering platform dedicated to serving New Economy participants in China, 36Kr publishes numerous insightful analytical reports, timely market updates as well as thought-provoking editorials and commentaries every single day. Additionally, the Company has been expanding its content matrix, integrating text, image, audio, video and live streaming in order to provide customers with tailor-made and professionally produced audio content.
The cooperation between NIO Radio and 36Kr ushers in a new era for car brands and content platforms to build audio content and generate more opportunities for the deep integration of content creation and service capabilities. The Company has been continuously expanding its content ecosystem by collaborating with high-quality brands such as Youku, Xinhuanet and CCTV, among others. The collaboration with NIO Radio is another avenue for the Company's continued exploration of commercial value in the New Economy field by enriching content formats, co-creating content channels, cultivating high-quality content, and so on.
Mr. Dagang Feng, co-chairman and chief executive officer of 36Kr, said, "We are very excited to work with NIO to launch our podcast program Kr-Intelligence. We believe this win-win collaboration will further enable 36Kr to deliver premium content to a wider audience in various scenarios, while also providing NIO users with improved interactive audio experiences with the availability of more channel options in the field of high-quality business intelligence.
"I think the development and extensive adoption of new energy vehicles presents a great opportunity for the podcast and audio content industry, especially with the rollout of 5G internet and the emergence of Internet of Vehicles (IoV). Moving forward, we hope to explore more opportunities to cooperate with NIO, other leading auto companies, as well as various groups of potential partners through continuous innovation and collaboration. We remain dedicated to serving New Economy participants, and, while we further enhance our leadership in content creation, we will also expand our role from information and content provider to a service provider that empowers our clients, partners and users."
About 36Kr Holdings Inc.
36Kr Holdings Inc. is a prominent brand and pioneering platform dedicated to serving New Economy participants in China with the mission of empowering New Economy participants to achieve more. The Company started its business with high-quality New Economy-focused content offerings, covering a variety of industries in China's New Economy with diverse distribution channels. Leveraging traffic brought by high-quality content, the Company has expanded its offerings to business services, including online advertising services, enterprise value-added services and subscription services to address the evolving needs of New Economy companies and upgrading needs of traditional companies. The Company is supported by comprehensive database and strong data analytics capabilities. Through diverse service offerings and the significant brand influence, the Company is well-positioned to continuously capture the high growth potentials of China's New Economy.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets," "guidance" and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's goal and strategies; the Company's future business development, results of operations and financial condition; relevant government policies and regulations relating to our business and industry; the Company's expectations regarding the use of proceeds from this offering; the Company's expectations regarding demand for, and market acceptance of, its services; the Company's ability to maintain and enhance its brand; the Company's ability to provide high-quality content in a timely manner to attract and retain users; the Company's ability to retain and hire quality in-house writers and editors; the Company's ability to maintain cooperation with third-party professional content providers; the Company's ability to maintain relationship with third-party platforms; general economic and business conditions globally and in China; possible disruptions in commercial activities caused by natural or human-induced disasters; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
36Kr Holdings Inc.
Investor Relations
Tel: +86 (10) 5825-4188
E-mail: ir@36kr.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: 36Kr@tpg-ir.com
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: 36Kr@tpg-ir.com
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