Liuhe Business Research and Selection launches the "Financial Report Season" column to comprehensively scan the financial reports of global technology giants and new economy leading companies, track and analyze their development status and latest trends, take the pulse of future industry development trends, and explore investment opportunities. .
This issue of "Earnings Season" covers 15 leading companies, including PayPalPayPal, MasterCardMasterCard, Ping An of China, Qualcomm, SAP SAP, Amgen, SMIC, Spotify, Pinterest, KLA Technology Lei, eBay, Peloton, Bill.com, Allegro, New Oriental Online.
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PayPal PayPal (NASDAQ: PYPL)
PayPal Released on February 5, 2021 2 2020 financial report. The company's revenue in 2020 was US$21.45 billion (+20.7%), net profit was US$4.20 billion (+70.9%), and net profit margin was 19.6%. The company's Q4 revenue in 2020 was US$6.12 billion (+23.3%), net profit was US$1.57 billion (+209.1%), and net profit margin was 25.6%.
company’s transaction revenue in 2020 was US$19.92 billion (+23.7%), accounting for 90.6% of total revenue; revenue from other value-added services was US$1.67 billion (-8.2%), accounting for 9.4% of total revenue. In Q4 2020, the company's transaction revenue was US$5.68 billion (+25.3%), accounting for 92.9% of total revenue; other value-added service revenue was US$430 million (+1.9%), accounting for 7.1% of total revenue.
The company added 72.7 million net new active accounts in 2020. As of 2020, the total number of active accounts reached 380 million (+23.6%), and the total payment volume was US$936.1 billion (+31.5%). The company added 16 million net new active user accounts in Q4 2020, with total payment volume of US$27.7 billion (+31.5%).
MasterCardMasterCard(NYSE:MA)
MasterCardMasterCard released its 2020 financial report on January 27, 2021. The company's revenue in 2020 was US$15.30 billion (-9.4%), net profit was US$6.41 billion (-21.0%), and net profit rate was 41.9%. The company's Q4 revenue in 2020 was US$4.12 billion (-6.7%), net profit was US$1.79 billion (-15.0%), and net profit margin was 43.3%.
The company's revenue fell by 9% in 2020, mainly affected by the new crown epidemic. Calculated in local currency (calculated according to the local currency where the transaction occurred, not converted into US dollars), cross-border transaction volume fell by 29%. The company invested US$1 billion in Q4 2020 to repurchase approximately 3.1 million shares, leaving US$9.5 billion in the repurchase plan, and paid US$399 million in dividends.
Ping An of China (SH: 601318, HK: 02318)
Ping An of China released its 2020 financial report on February 4, 2021. The company's revenue in 2020 was 1.2 trillion yuan (+4.2%), net profit was 143.1 billion yuan (-4.2%), and net profit rate was 11.7%. The company's revenue in Q4 2020 was 301.3 billion yuan (+9.1%), net profit was 40.1 billion yuan (+101.9%), and net profit rate was 13.3%.
The company's personal customer operating performance continues to improve. In 2020, the number of personal customers exceeded 218 million, an increase of 9.0% from the beginning of the year; there were 37.02 million new customers throughout the year, of which 36.0% came from the group's Internet users; the average number of contracts per customer was 2.76, an increase from the beginning of the year. 4.5%; the number of Internet users exceeded 598 million, an increase of 16.0% from the beginning of the year; the number of registered users of Ping An's five APPs exceeded 100 million.
In terms of insurance business, in 2020, the life insurance and health insurance business achieved operating profits of 93.7 billion yuan, a year-on-year increase of 5.3%; the new business value was 49.575 billion yuan, a year-on-year decrease of 34.7%. Despite the complex operating environment such as the comprehensive reform of auto insurance, Ping An Property & Casualty still achieved a year-on-year increase in original insurance premium income of 5.5%; the combined ratio was 99.1%, and its business quality continued to be better than the industry.
In terms of insurance fund investment portfolio, as of December 31, 2020, the scale of Ping An’s insurance fund investment portfolio reached 3.74 trillion yuan, an increase of 16.6% from the beginning of the year, of which 18.9% of financial assets were classified as measured at fair value and their changes Assets included in current profits and losses.
In terms of banking business, Ping An Bank leveraged its digital and online operation capabilities in 2020 and quickly recovered its business during the epidemic. In 2020, it achieved revenue of 153.5 billion yuan, a year-on-year increase of 11.3%; net profit was 28.9 billion yuan, a year-on-year increase. 2.6%. As of the end of December 2020, the non-performing loan ratio was 1.18%, a decrease of 0.47 percentage points from the beginning of the year.
Qualcomm Qualcomm (NASDAQ: QCOM)
Qualcomm Qualcomm released its Q1 financial report for fiscal year 2021 on February 3, 2021 (the fiscal year corresponds to October of the previous year to September of the current year). In Q1 of fiscal year 2021, the company's revenue was US$8.24 billion (+62.2%), net profit was US$2.46 billion (+165.4%), gross profit margin was 57.6%, and net profit margin was 29.8%.
The company’s business revenue has increased. In Q1 of fiscal year 2021, equipment and service revenue was US$6.44 billion (+82.3%), accounting for 78.2% of total revenue; patent/licensing revenue was US$1.79 billion (+16.2%), accounting for total revenue. 21.8%.
The company divides its business into four parts based on product and service types, including QCT (CDMA technology) semiconductor business, QTL (technology licensing) licensing business, QSI (strategic business), and QGOV (government technology) and cloud AI projects and other businesses, mainly QCT and QTL.
QCT business revenue increased in Q1 of fiscal year 2021, mainly due to the increased demand for 5G products from mobile phones and RFFE (radio frequency front-end); QTL business revenue increased by 18%, mainly due to license holders’ increasing demand for 3G/4G/5G-based mobile phones. Estimated sales of module products increased, including the signing of a new license agreement with Huawei , partially offset by the negative impact of the COVID-19 epidemic and the decline in the company's licensing demand in the Chinese market.
In January 2021, the company acquired chip startup NuVia for approximately US$1.4 billion. The NuVia team has rich experience in high-performance processors, SoC (system-on-chip), power management, etc. NuVia technology is expected to be integrated into certain of the company's QCT (semiconductor business) products, and the acquisition is expected to be completed in Q2 of fiscal 2021.
SAP SAP (NYSE: SAP)
SAP SAP released its 2020 financial report on February 1, 2021. The company's revenue in 2020 was 27.34 billion euros (-0.8%), net profit was 5.28 billion euros (+56.9%), gross profit margin was 71.2%, and net profit margin was 19.3%. The company ’s Q4 revenue in 2020 was 7.54 billion euros (-6.2%), net profit was 1.91 billion euros (+16.4%), gross profit margin was 74.8%, and net profit margin was 25.3%.
company’s software support business revenue in 2020 was 11.51 billion euros (-0.4%), accounting for 42.1% of total revenue; cloud business revenue was 8.08 billion euros (+16.5%), accounting for 29.6% of total revenue; service business revenue was 4.11 billion euros (-9.5 %), accounting for 15.0% of total revenue; software licensing business revenue was 3.64 billion euros (-19.7%), accounting for 13.3% of total revenue.
company’s Q4 software support business revenue in 2020 was 2.84 billion euros (-3.8%), accounting for 37.6% of total revenue; cloud business revenue was 2.04 billion euros (+7.6%), accounting for 27.1% of total revenue; software licensing business revenue was 1.70 billion euros ( -14.9%), accounting for 22.6% of total revenue; service business revenue was 960 million euros (-19.7%), accounting for 12.7% of total revenue.
On January 27, 2021, the company released the RISE with SAP comprehensive solution package, which adopts a one-time subscription model to help customers more easily migrate key systems to the cloud and achieve business transformation. By accelerating cloud migration, the company is committed to improving business resilience and predictability and achieving long-term sustainable development.
Amgen Amgen (NASDAQ: AMGN)
Amgen Amgen released its 2020 financial report on February 8, 2021. The company's revenue in 2020 was US$25.42 billion (+8.8%), net profit was US$7.26 billion (-7.4%), gross profit margin was 75.8%, and net profit margin was 28.6%. The company's Q4 revenue in 2020 was US$6.63 billion (+7.1%), net profit was US$1.62 billion (-5.2%), gross profit margin was 75.7%, and net profit margin was 24.3%.
In 2020, the company's main business income was US$22.20 billion (+9.2%), accounting for 95.0% of the total revenue; other income
html was US$31.16 billion (2.2%), accounting for 5.0% of the total revenue.In Q4 of 2020, the company's main business revenue was US$6.33 billion (+7.7%), accounting for 95.5% of total revenue; other income was US$430 million (-5.1%), accounting for 4.5% of total revenue.
The company's revenue in 2020 reached US$25.42 billion (+8.8%) despite the decline in product sales prices and the COVID-19 pandemic. It mainly benefited from the rapid growth in sales, including the significant growth in sales of the scalp psoriasis drug Otezla.
The company announced the suspension of trials and suspension of registration of some drugs. The Phase I trial of AMG 701 for the treatment of relapsed or refractory multiple myeloma has been suspended; a CD33-targeting BiTE drug for acute myeloid leukemia and experimental small molecule MCL- A phase I study of the inhibitor AMG 397 has been put on hold; development of AMG 596 targeting glioblastoma EGFR variant type III has also been halted.
SMIC (SH: 688981, HK: 00981)
SMIC released its 2020 financial report on February 4, 2021. The company's revenue in 2020 was US$3.91 billion (+25.4%), net profit was US$670 million (+321.2%), gross profit margin was 23.6%, and net profit margin was 17.1%. The company's revenue in Q4 2020 was US$980 million (+16.9%), net profit was US$230 million (+202.1%), gross profit margin was 18.0%, and net profit margin was 23.3%.
Company In 2020, revenue from Mainland China and Hong Kong was US$2.482 billion (+34.1%), accounting for 63.5% of total revenue; revenue from North America was US$910 million (+10.3%), accounting for 23.2% of total revenue; Europe and Asia (excluding China) Mainland China and Hong Kong) revenue was US$520 million (+16.8%), accounting for 13.3% of total revenue.
company’s wafer revenue in 2020 was US$3.48 billion (+20.0%), accounting for 89.0% of total revenue; other revenue was US$430 million (+97.4%), accounting for 11.0% of total revenue.
wafer revenue is classified by technology node. 14/28nm revenue is US$320 million, accounting for 9.2% of wafer revenue; 40/45nm revenue is US$540 million (+7.8%), accounting for 15.6% of wafer revenue; 55/65nm revenue is 1.06 billion USD (+33.9%), accounting for 30.5% of wafer revenue; 90nm revenue is USD 100 million (+107.1%), accounting for 2.9% of wafer revenue; 0.11/0.13μm revenue is USD 190 million (-3.6%), accounting for wafer revenue 5.3%; 0.15/0.18μm revenue is US$1.13 billion (+1.2%), accounting for 32.5% of wafer revenue; 0.25/0.35μm revenue is US$140 million (+15.4%), accounting for 4.0% of wafer revenue.
Due to the current growth in chip demand, foundry production capacity expansion cannot keep up, and the production capacity of the wafer foundry industry is still tight. In 2020, SMIC strives to expand node production capacity above 28nm, and the Tianjin factory will increase its 8-inch production capacity by 30,000 pieces. , the Beijing factory added 20,000 pieces of 12-inch production capacity, but still failed to meet customer demand. On the one hand, the company will continue to operate at full capacity in 2021, and on the other hand, it will continue to expand production capacity, adding 10,000 pieces to 12 inches and no less than 45,000 pieces to 8 inches.
Regarding the specific impact of the US "Entity List", the company's co-CEO Zhao Haijun said that due to the tight global wafer production capacity, customers have not changed suppliers. At the same time, SMIC is actively applying for licenses from the United States.
Spotify (NYSE: SPOT)
Spotify released its 2020 financial report on February 3, 2021. The company's revenue in 2020 was 7.88 billion euros (+16.5%), net profit was -580 million euros (-212.4%), gross profit margin was 25.6%, and net profit rate was -7.4%. The company's Q4 revenue in 2020 was 2.17 billion euros (+16.8%), net profit was -130 million euros (-40.2%), gross profit margin was 26.5%, and net profit margin was -5.8%. In 2020,
company’s paid service revenue was 7.14 billion euros (+17.2%), accounting for 90.6% of total revenue; advertising support business revenue was 750 million euros (+9.9%), accounting for 9.5% of total revenue. In Q4 of 2020, the company's paid service revenue was 1.89 billion euros (+15.2%), accounting for 87.2% of total revenue; advertising support business revenue was 280 million euros (+29.5%), accounting for 12.9% of total revenue.
The company’s total number of monthly active users in Q4 2020 was 350 million (+27.3%), and the total number of paying users was 140 million (25.0%). The company launched a music streaming service in South Korea and has a presence in 93 markets around the world. South Korea is the sixth largest music market in the world, and the company plans to further develop the music streaming ecosystem in South Korea.
Pinterest (NYSE: PINS)
Pinterest released its 2020 financial results on February 4, 2021. The company's revenue in 2020 was US$1.69 billion (+48.1%), net profit was -US$130 million (+90.6%), gross profit margin was 73.5%, and net profit margin was -7.6%. The company's Q4 revenue in 2020 was US$710 million (+76.4%), net profit was US$210 million (+681.9%), gross profit margin was 81.7%, and net profit margin was 29.5%.
The company’s average monthly MAU users in 2020 were 459 million (+37%), and the global ARPU average revenue per user in 2020 was US$4.26 (+12%). The number of advertisements placed on the platform increased by 27%, and the advertising price increased by 17%, driving a substantial increase in revenue in 2020.
company’s revenue from the United States in 2020 was US$1.42 billion (+39%), corresponding to an average revenue per user of ARPU of US$15.3 (+27%); revenue from other regions outside the United States was US$270 million (+129%), corresponding to an average revenue of ARPU per user Average revenue was $0.88 (+62%).
KLA Kelei (NASDAQ: KLAC)
KLA Kelei released its Q2 financial report for fiscal year 2021 on February 4, 2021 (Ke Lei’s fiscal year is from July of the previous year to June of the current year). In the first half of fiscal year 2021, the company's revenue was US$3.19 billion (+9.1%), net profit was US$880 million (+20.7%), gross profit margin was 59.5%, and net profit margin was 27.5%. The company ’s revenue in Q2 of fiscal year 2021 was US$1.65 billion (+9.4%), net profit was US$460 million (+20.2%), gross profit margin was 59.4%, and net profit margin was 27.7%.
The company’s business revenue has gone up and down. In the first half of fiscal year 2021, semiconductor process control revenue was US$2.65 billion (+9.8%), accounting for 83.0% of the total revenue; special semiconductor process revenue was US$180 million (+24.5%), accounting for the total revenue. Revenue 5.6%; PCB, display and component inspection revenue was $360 million (-1.2%), accounting for 11.3% of total revenue.
company’s fiscal year 2021 Q2, semiconductor process control revenue was US$1.38 billion (+10.6%), accounting for 83.6% of total revenue; special semiconductor process revenue was US$90 million (+20.6%), accounting for 5.5% of total revenue; PCB, displays and components Inspection revenue was US$180 million (-3.8%), accounting for 10.9% of total revenue;
China is gradually becoming a major region for logic and memory chip manufacturing, making it the world's largest consumer of integrated circuits, global FPD (flat panel display) and PCB (printed circuit board) manufacturing has largely moved to China. However, the U.S. Department of Commerce has included certain companies headquartered in China on the U.S. Entity List, restricting the company's ability to provide products and services to these companies without a license. This has not had a major impact on the company's operations so far.
eBay eBay (NASDAQ: EBAY)
eBay eBay released its 2020 financial report on February 4, 2021. The company's revenue in 2020 was US$10.27 billion (+18.9%), net profit was US$5.67 billion (+217.3%), gross profit margin was 75.9%, and net profit margin was 55.2%. The company's Q4 revenue in 2020 was US$2.87 billion (+28.3%), net profit was US$850 million (+52.0%), gross profit margin was 74.1%, and net profit margin was 29.5%.
company’s transaction revenue in 2020 was US$9.3 billion (+22.7%), accounting for 90.5% of total revenue; market services and other revenue was US$970 million (-8.4%), accounting for 9.5% of total revenue; Q4 transaction revenue in 2020 was US$2.6 billion ( +31.4%), accounting for 90.6% of total revenue; market services and other revenue was US$270 million (+4.2%), accounting for 9.4% of total revenue.
company continues to expand managed payment services globally, announcing the launch of managed payment services to sellers in Greater China, and will further support individual sellers in the United States, the United Kingdom, and Germany to use managed payment services. In Q4 2020, more than 38% of the transaction volume on the company's global platform was processed through the managed payment service, and more than 50% of US sellers have moved to managed payment.
Peloton (NASDAQ: PTON)
Peloton released its Q2 financial report for fiscal year 2021 on February 4, 2021 (the fiscal year is from July of the previous year to June of the current year). The company's revenue in the first half of fiscal year 2021 was US$1.82 billion (+162.5%), net profit was US$130 million (+226.2%), gross profit margin was 41.3%, and net profit margin was 7.3%.The company's Q2 revenue in fiscal year 2021 was US$1.06 billion (+128.4%), net profit was US$0.64 (+214.8%), gross profit margin was 39.9%, and net profit margin was 6.0%.
The company’s revenue from connected fitness products in the first half of fiscal year 2020 was US$1.47 billion (+167.5%), accounting for 80.7% of total revenue; subscription revenue was US$350 million (+143.4%), accounting for 19.3% of total revenue. The company's revenue from connected fitness products in Q2 of fiscal year 2021 was US$870 million (+124%), accounting for 82.0% of total revenue; subscription revenue was US$190 million (+152%), accounting for 18.0% of total revenue.
In Q2 of fiscal year 2021, the company had 1.67 million connected fitness subscribers (+134%), the average monthly churn rate of connected fitness subscribers was 0.76%, and the total number of quarterly exercises was 98.1 million times (+303.7%). Each connected fitness subscription The average number of times users exercise per month is 21.1 times (+67.5%).
Bill.com (NYSE: BILL)
Bill.com released its Q2 financial report for fiscal year 2021 on February 4, 2021 (the fiscal year is from July of the previous year to June of the current year). The company's revenue in the first half of fiscal year 2020 was US$100 million (+35.0%), net profit was -US$30.13 million (-127.0%), gross profit margin was 74.2%, and net profit margin was -30.1%. The company's Q2 revenue in fiscal year 2021 was US$54.05 million (+38.3%), net profit was -US$17.18 million (-126.7%), gross profit margin was 74.1%, and net profit margin was -31.8%.
The company’s subscription and transaction fee income in the first half of fiscal year 2020 was US$96.12 million (+56.3%), accounting for 95.9% of total revenue; interest income from funds held for customers was US$4.13 million (-67.6%), accounting for 4.1% of total revenue; In Q2 2021, subscription and transaction fee income was US$52.33 million (+58.8%), accounting for 96.8% of total revenue; interest income from holding funds for customers was US$1.71 million (-72.0%), accounting for 3.2% of total revenue.
The company’s subscription fee revenue in the first half of fiscal year 2021 was US$51.2 million (+35%), transaction fee revenue was US$44.9 million (+91%), the total number of customers exceeded 109,000 (+27%), and the average subscription per customer Revenue and transaction fee income increased by 6% and 50% respectively, mainly because customers used more of the company's products and services.
Allegro (NASDAQ: ALGM)
Allegro released its Q3 financial report for fiscal year 2021 on February 2, 2021 (Allegro's fiscal year is from April of the previous year to March of the current year). In the first three quarters of fiscal year 2021, the company's revenue was US$420 million (-12.5%), net profit was US$09 million (-60.4%), gross profit margin was 55.9%, and net profit margin was 2.7%. In Q3 of fiscal year 2021, the company’s revenue was US$160 million (+2.9%), net profit was -US$05 million (-156.5%), gross profit margin was 65.2%, and net profit margin was -3.7%.
The company’s business revenue has increased. In the first three quarters of fiscal year 2021, the automotive industry revenue was US$280 million (-3.4%), accounting for 81.4% of the total revenue; industrial revenue was US$70 million (+17.1%), accounting for 19.1% of the total revenue. %; other income was US$70 million (+32.3%), accounting for 20.6% of total revenue; in Q3 of fiscal year 2021, the automotive industry revenue was US$110 million (+15.0%), accounting for 69.3% of total revenue; industrial revenue was US$20 million (+10.8 %), accounting for 14.4% of total revenue; other income was US$30 million (+78.5%), accounting for 16.4% of total revenue;
On August 28, 2020, the company acquired Voxtel, which focuses on research for advanced driver assistance systems ADAS Eye-safe lidar LiDAR, in addition to laser technology, also has indium gallium arsenide (InGaAs), photodiodes (APDs), APD optical receiver and other technologies.
New Oriental Online (HK: 01797)
New Oriental Online released its 2021 fiscal year interim report on January 22, 2021. The company's revenue in the first half of fiscal year 2021 was 670 million yuan (+19.2%), net profit was -670 million yuan (-670.6%), gross profit margin was 22.6%, and net profit margin was -99.6%.
In the first half of fiscal year 2021, the company had 299,000 paying students for university education (-43.2%), accounting for 14% of the total, and university education revenue was 290 million yuan (-19.1%), accounting for 42.8% of the total revenue. The number of paying students in K12 education was 1.838 million (+143.4%), accounting for 85.9% of the total. K12 education revenue was 340 million yuan (+162.9%), accounting for 50.2% of the total revenue.
On January 28, 2021, the Beijing News Education Channel and Qianlong Think Tank jointly launched the "2020 "UP New Power" Education Brand Influence Public Opinion Report", announcing the top 15 most influential online education brands, including Zuoyebang, New Oriental Online, and Kaocheng Ranked in the top three respectively. Liuhe Business Research and Selection launches the "Financial Report Season" column to comprehensively scan the financial reports of global technology giants and new economy leading companies, track and analyze their development status and latest trends, take the pulse of future industry development trends, and explore investment opportunities. . This issue of "Earnings Season" covers 15 leading companies, including PayPalPayPal, MasterCardMasterCard, Ping An of China, Qualcomm, SAP SAP, Amgen, SMIC, Spotify, Pinterest, KLA Technology Lei, eBay, Peloton, Bill.com, Allegro, New Oriental Online. Text: Full text 4,939 words Estimated reading 10 minutes PayPal PayPal (NASDAQ: PYPL) PayPal Released on February 5, 2021 2 2020 financial report. The company's revenue in 2020 was US$21.45 billion (+20.7%), net profit was US$4.20 billion (+70.9%), and net profit margin was 19.6%. The company's Q4 revenue in 2020 was US$6.12 billion (+23.3%), net profit was US$1.57 billion (+209.1%), and net profit margin was 25.6%. company’s transaction revenue in 2020 was US$19.92 billion (+23.7%), accounting for 90.6% of total revenue; revenue from other value-added services was US$1.67 billion (-8.2%), accounting for 9.4% of total revenue. In Q4 2020, the company's transaction revenue was US$5.68 billion (+25.3%), accounting for 92.9% of total revenue; other value-added service revenue was US$430 million (+1.9%), accounting for 7.1% of total revenue. The company added 72.7 million net new active accounts in 2020. As of 2020, the total number of active accounts reached 380 million (+23.6%), and the total payment volume was US$936.1 billion (+31.5%). The company added 16 million net new active user accounts in Q4 2020, with total payment volume of US$27.7 billion (+31.5%). MasterCardMasterCard(NYSE:MA) MasterCardMasterCard released its 2020 financial report on January 27, 2021. The company's revenue in 2020 was US$15.30 billion (-9.4%), net profit was US$6.41 billion (-21.0%), and net profit rate was 41.9%. The company's Q4 revenue in 2020 was US$4.12 billion (-6.7%), net profit was US$1.79 billion (-15.0%), and net profit margin was 43.3%. The company's revenue fell by 9% in 2020, mainly affected by the new crown epidemic. Calculated in local currency (calculated according to the local currency where the transaction occurred, not converted into US dollars), cross-border transaction volume fell by 29%. The company invested US$1 billion in Q4 2020 to repurchase approximately 3.1 million shares, leaving US$9.5 billion in the repurchase plan, and paid US$399 million in dividends. Ping An of China (SH: 601318, HK: 02318) Ping An of China released its 2020 financial report on February 4, 2021. The company's revenue in 2020 was 1.2 trillion yuan (+4.2%), net profit was 143.1 billion yuan (-4.2%), and net profit rate was 11.7%. The company's revenue in Q4 2020 was 301.3 billion yuan (+9.1%), net profit was 40.1 billion yuan (+101.9%), and net profit rate was 13.3%. The company's personal customer operating performance continues to improve. In 2020, the number of personal customers exceeded 218 million, an increase of 9.0% from the beginning of the year; there were 37.02 million new customers throughout the year, of which 36.0% came from the group's Internet users; the average number of contracts per customer was 2.76, an increase from the beginning of the year. 4.5%; the number of Internet users exceeded 598 million, an increase of 16.0% from the beginning of the year; the number of registered users of Ping An's five APPs exceeded 100 million. In terms of insurance business, in 2020, the life insurance and health insurance business achieved operating profits of 93.7 billion yuan, a year-on-year increase of 5.3%; the new business value was 49.575 billion yuan, a year-on-year decrease of 34.7%. Despite the complex operating environment such as the comprehensive reform of auto insurance, Ping An Property & Casualty still achieved a year-on-year increase in original insurance premium income of 5.5%; the combined ratio was 99.1%, and its business quality continued to be better than the industry. In terms of insurance fund investment portfolio, as of December 31, 2020, the scale of Ping An’s insurance fund investment portfolio reached 3.74 trillion yuan, an increase of 16.6% from the beginning of the year, of which 18.9% of financial assets were classified as measured at fair value and their changes Assets included in current profits and losses. In terms of banking business, Ping An Bank leveraged its digital and online operation capabilities in 2020 and quickly recovered its business during the epidemic. In 2020, it achieved revenue of 153.5 billion yuan, a year-on-year increase of 11.3%; net profit was 28.9 billion yuan, a year-on-year increase. 2.6%. As of the end of December 2020, the non-performing loan ratio was 1.18%, a decrease of 0.47 percentage points from the beginning of the year. Qualcomm Qualcomm (NASDAQ: QCOM) Qualcomm Qualcomm released its Q1 financial report for fiscal year 2021 on February 3, 2021 (the fiscal year corresponds to October of the previous year to September of the current year). In Q1 of fiscal year 2021, the company's revenue was US$8.24 billion (+62.2%), net profit was US$2.46 billion (+165.4%), gross profit margin was 57.6%, and net profit margin was 29.8%. The company’s business revenue has increased. In Q1 of fiscal year 2021, equipment and service revenue was US$6.44 billion (+82.3%), accounting for 78.2% of total revenue; patent/licensing revenue was US$1.79 billion (+16.2%), accounting for total revenue. 21.8%. The company divides its business into four parts based on product and service types, including QCT (CDMA technology) semiconductor business, QTL (technology licensing) licensing business, QSI (strategic business), and QGOV (government technology) and cloud AI projects and other businesses, mainly QCT and QTL. QCT business revenue increased in Q1 of fiscal year 2021, mainly due to the increased demand for 5G products from mobile phones and RFFE (radio frequency front-end); QTL business revenue increased by 18%, mainly due to license holders’ increasing demand for 3G/4G/5G-based mobile phones. Estimated sales of module products increased, including the signing of a new license agreement with Huawei , partially offset by the negative impact of the COVID-19 epidemic and the decline in the company's licensing demand in the Chinese market. In January 2021, the company acquired chip startup NuVia for approximately US$1.4 billion. The NuVia team has rich experience in high-performance processors, SoC (system-on-chip), power management, etc. NuVia technology is expected to be integrated into certain of the company's QCT (semiconductor business) products, and the acquisition is expected to be completed in Q2 of fiscal 2021. SAP SAP (NYSE: SAP) SAP SAP released its 2020 financial report on February 1, 2021. The company's revenue in 2020 was 27.34 billion euros (-0.8%), net profit was 5.28 billion euros (+56.9%), gross profit margin was 71.2%, and net profit margin was 19.3%. The company ’s Q4 revenue in 2020 was 7.54 billion euros (-6.2%), net profit was 1.91 billion euros (+16.4%), gross profit margin was 74.8%, and net profit margin was 25.3%. company’s software support business revenue in 2020 was 11.51 billion euros (-0.4%), accounting for 42.1% of total revenue; cloud business revenue was 8.08 billion euros (+16.5%), accounting for 29.6% of total revenue; service business revenue was 4.11 billion euros (-9.5 %), accounting for 15.0% of total revenue; software licensing business revenue was 3.64 billion euros (-19.7%), accounting for 13.3% of total revenue. company’s Q4 software support business revenue in 2020 was 2.84 billion euros (-3.8%), accounting for 37.6% of total revenue; cloud business revenue was 2.04 billion euros (+7.6%), accounting for 27.1% of total revenue; software licensing business revenue was 1.70 billion euros ( -14.9%), accounting for 22.6% of total revenue; service business revenue was 960 million euros (-19.7%), accounting for 12.7% of total revenue. On January 27, 2021, the company released the RISE with SAP comprehensive solution package, which adopts a one-time subscription model to help customers more easily migrate key systems to the cloud and achieve business transformation. By accelerating cloud migration, the company is committed to improving business resilience and predictability and achieving long-term sustainable development. Amgen Amgen (NASDAQ: AMGN) Amgen Amgen released its 2020 financial report on February 8, 2021. The company's revenue in 2020 was US$25.42 billion (+8.8%), net profit was US$7.26 billion (-7.4%), gross profit margin was 75.8%, and net profit margin was 28.6%. The company's Q4 revenue in 2020 was US$6.63 billion (+7.1%), net profit was US$1.62 billion (-5.2%), gross profit margin was 75.7%, and net profit margin was 24.3%. In 2020, the company's main business income was US$22.20 billion (+9.2%), accounting for 95.0% of the total revenue; other income html was US$31.16 billion (2.2%), accounting for 5.0% of the total revenue.In Q4 of 2020, the company's main business revenue was US$6.33 billion (+7.7%), accounting for 95.5% of total revenue; other income was US$430 million (-5.1%), accounting for 4.5% of total revenue.
The company's revenue in 2020 reached US$25.42 billion (+8.8%) despite the decline in product sales prices and the COVID-19 pandemic. It mainly benefited from the rapid growth in sales, including the significant growth in sales of the scalp psoriasis drug Otezla.
The company announced the suspension of trials and suspension of registration of some drugs. The Phase I trial of AMG 701 for the treatment of relapsed or refractory multiple myeloma has been suspended; a CD33-targeting BiTE drug for acute myeloid leukemia and experimental small molecule MCL- A phase I study of the inhibitor AMG 397 has been put on hold; development of AMG 596 targeting glioblastoma EGFR variant type III has also been halted.
SMIC (SH: 688981, HK: 00981)
SMIC released its 2020 financial report on February 4, 2021. The company's revenue in 2020 was US$3.91 billion (+25.4%), net profit was US$670 million (+321.2%), gross profit margin was 23.6%, and net profit margin was 17.1%. The company's revenue in Q4 2020 was US$980 million (+16.9%), net profit was US$230 million (+202.1%), gross profit margin was 18.0%, and net profit margin was 23.3%.
Company In 2020, revenue from Mainland China and Hong Kong was US$2.482 billion (+34.1%), accounting for 63.5% of total revenue; revenue from North America was US$910 million (+10.3%), accounting for 23.2% of total revenue; Europe and Asia (excluding China) Mainland China and Hong Kong) revenue was US$520 million (+16.8%), accounting for 13.3% of total revenue.
company’s wafer revenue in 2020 was US$3.48 billion (+20.0%), accounting for 89.0% of total revenue; other revenue was US$430 million (+97.4%), accounting for 11.0% of total revenue.
wafer revenue is classified by technology node. 14/28nm revenue is US$320 million, accounting for 9.2% of wafer revenue; 40/45nm revenue is US$540 million (+7.8%), accounting for 15.6% of wafer revenue; 55/65nm revenue is 1.06 billion USD (+33.9%), accounting for 30.5% of wafer revenue; 90nm revenue is USD 100 million (+107.1%), accounting for 2.9% of wafer revenue; 0.11/0.13μm revenue is USD 190 million (-3.6%), accounting for wafer revenue 5.3%; 0.15/0.18μm revenue is US$1.13 billion (+1.2%), accounting for 32.5% of wafer revenue; 0.25/0.35μm revenue is US$140 million (+15.4%), accounting for 4.0% of wafer revenue.
Due to the current growth in chip demand, foundry production capacity expansion cannot keep up, and the production capacity of the wafer foundry industry is still tight. In 2020, SMIC strives to expand node production capacity above 28nm, and the Tianjin factory will increase its 8-inch production capacity by 30,000 pieces. , the Beijing factory added 20,000 pieces of 12-inch production capacity, but still failed to meet customer demand. On the one hand, the company will continue to operate at full capacity in 2021, and on the other hand, it will continue to expand production capacity, adding 10,000 pieces to 12 inches and no less than 45,000 pieces to 8 inches.
Regarding the specific impact of the US "Entity List", the company's co-CEO Zhao Haijun said that due to the tight global wafer production capacity, customers have not changed suppliers. At the same time, SMIC is actively applying for licenses from the United States.
Spotify (NYSE: SPOT)
Spotify released its 2020 financial report on February 3, 2021. The company's revenue in 2020 was 7.88 billion euros (+16.5%), net profit was -580 million euros (-212.4%), gross profit margin was 25.6%, and net profit rate was -7.4%. The company's Q4 revenue in 2020 was 2.17 billion euros (+16.8%), net profit was -130 million euros (-40.2%), gross profit margin was 26.5%, and net profit margin was -5.8%. In 2020,
company’s paid service revenue was 7.14 billion euros (+17.2%), accounting for 90.6% of total revenue; advertising support business revenue was 750 million euros (+9.9%), accounting for 9.5% of total revenue. In Q4 of 2020, the company's paid service revenue was 1.89 billion euros (+15.2%), accounting for 87.2% of total revenue; advertising support business revenue was 280 million euros (+29.5%), accounting for 12.9% of total revenue.
The company’s total number of monthly active users in Q4 2020 was 350 million (+27.3%), and the total number of paying users was 140 million (25.0%). The company launched a music streaming service in South Korea and has a presence in 93 markets around the world. South Korea is the sixth largest music market in the world, and the company plans to further develop the music streaming ecosystem in South Korea.
Pinterest (NYSE: PINS)
Pinterest released its 2020 financial results on February 4, 2021. The company's revenue in 2020 was US$1.69 billion (+48.1%), net profit was -US$130 million (+90.6%), gross profit margin was 73.5%, and net profit margin was -7.6%. The company's Q4 revenue in 2020 was US$710 million (+76.4%), net profit was US$210 million (+681.9%), gross profit margin was 81.7%, and net profit margin was 29.5%.
The company’s average monthly MAU users in 2020 were 459 million (+37%), and the global ARPU average revenue per user in 2020 was US$4.26 (+12%). The number of advertisements placed on the platform increased by 27%, and the advertising price increased by 17%, driving a substantial increase in revenue in 2020.
company’s revenue from the United States in 2020 was US$1.42 billion (+39%), corresponding to an average revenue per user of ARPU of US$15.3 (+27%); revenue from other regions outside the United States was US$270 million (+129%), corresponding to an average revenue of ARPU per user Average revenue was $0.88 (+62%).
KLA Kelei (NASDAQ: KLAC)
KLA Kelei released its Q2 financial report for fiscal year 2021 on February 4, 2021 (Ke Lei’s fiscal year is from July of the previous year to June of the current year). In the first half of fiscal year 2021, the company's revenue was US$3.19 billion (+9.1%), net profit was US$880 million (+20.7%), gross profit margin was 59.5%, and net profit margin was 27.5%. The company ’s revenue in Q2 of fiscal year 2021 was US$1.65 billion (+9.4%), net profit was US$460 million (+20.2%), gross profit margin was 59.4%, and net profit margin was 27.7%.
The company’s business revenue has gone up and down. In the first half of fiscal year 2021, semiconductor process control revenue was US$2.65 billion (+9.8%), accounting for 83.0% of the total revenue; special semiconductor process revenue was US$180 million (+24.5%), accounting for the total revenue. Revenue 5.6%; PCB, display and component inspection revenue was $360 million (-1.2%), accounting for 11.3% of total revenue.
company’s fiscal year 2021 Q2, semiconductor process control revenue was US$1.38 billion (+10.6%), accounting for 83.6% of total revenue; special semiconductor process revenue was US$90 million (+20.6%), accounting for 5.5% of total revenue; PCB, displays and components Inspection revenue was US$180 million (-3.8%), accounting for 10.9% of total revenue;
China is gradually becoming a major region for logic and memory chip manufacturing, making it the world's largest consumer of integrated circuits, global FPD (flat panel display) and PCB (printed circuit board) manufacturing has largely moved to China. However, the U.S. Department of Commerce has included certain companies headquartered in China on the U.S. Entity List, restricting the company's ability to provide products and services to these companies without a license. This has not had a major impact on the company's operations so far.
eBay eBay (NASDAQ: EBAY)
eBay eBay released its 2020 financial report on February 4, 2021. The company's revenue in 2020 was US$10.27 billion (+18.9%), net profit was US$5.67 billion (+217.3%), gross profit margin was 75.9%, and net profit margin was 55.2%. The company's Q4 revenue in 2020 was US$2.87 billion (+28.3%), net profit was US$850 million (+52.0%), gross profit margin was 74.1%, and net profit margin was 29.5%.
company’s transaction revenue in 2020 was US$9.3 billion (+22.7%), accounting for 90.5% of total revenue; market services and other revenue was US$970 million (-8.4%), accounting for 9.5% of total revenue; Q4 transaction revenue in 2020 was US$2.6 billion ( +31.4%), accounting for 90.6% of total revenue; market services and other revenue was US$270 million (+4.2%), accounting for 9.4% of total revenue.
company continues to expand managed payment services globally, announcing the launch of managed payment services to sellers in Greater China, and will further support individual sellers in the United States, the United Kingdom, and Germany to use managed payment services. In Q4 2020, more than 38% of the transaction volume on the company's global platform was processed through the managed payment service, and more than 50% of US sellers have moved to managed payment.
Peloton (NASDAQ: PTON)
Peloton released its Q2 financial report for fiscal year 2021 on February 4, 2021 (the fiscal year is from July of the previous year to June of the current year). The company's revenue in the first half of fiscal year 2021 was US$1.82 billion (+162.5%), net profit was US$130 million (+226.2%), gross profit margin was 41.3%, and net profit margin was 7.3%.The company's Q2 revenue in fiscal year 2021 was US$1.06 billion (+128.4%), net profit was US$0.64 (+214.8%), gross profit margin was 39.9%, and net profit margin was 6.0%.
The company’s revenue from connected fitness products in the first half of fiscal year 2020 was US$1.47 billion (+167.5%), accounting for 80.7% of total revenue; subscription revenue was US$350 million (+143.4%), accounting for 19.3% of total revenue. The company's revenue from connected fitness products in Q2 of fiscal year 2021 was US$870 million (+124%), accounting for 82.0% of total revenue; subscription revenue was US$190 million (+152%), accounting for 18.0% of total revenue.
In Q2 of fiscal year 2021, the company had 1.67 million connected fitness subscribers (+134%), the average monthly churn rate of connected fitness subscribers was 0.76%, and the total number of quarterly exercises was 98.1 million times (+303.7%). Each connected fitness subscription The average number of times users exercise per month is 21.1 times (+67.5%).
Bill.com (NYSE: BILL)
Bill.com released its Q2 financial report for fiscal year 2021 on February 4, 2021 (the fiscal year is from July of the previous year to June of the current year). The company's revenue in the first half of fiscal year 2020 was US$100 million (+35.0%), net profit was -US$30.13 million (-127.0%), gross profit margin was 74.2%, and net profit margin was -30.1%. The company's Q2 revenue in fiscal year 2021 was US$54.05 million (+38.3%), net profit was -US$17.18 million (-126.7%), gross profit margin was 74.1%, and net profit margin was -31.8%.
The company’s subscription and transaction fee income in the first half of fiscal year 2020 was US$96.12 million (+56.3%), accounting for 95.9% of total revenue; interest income from funds held for customers was US$4.13 million (-67.6%), accounting for 4.1% of total revenue; In Q2 2021, subscription and transaction fee income was US$52.33 million (+58.8%), accounting for 96.8% of total revenue; interest income from holding funds for customers was US$1.71 million (-72.0%), accounting for 3.2% of total revenue.
The company’s subscription fee revenue in the first half of fiscal year 2021 was US$51.2 million (+35%), transaction fee revenue was US$44.9 million (+91%), the total number of customers exceeded 109,000 (+27%), and the average subscription per customer Revenue and transaction fee income increased by 6% and 50% respectively, mainly because customers used more of the company's products and services.
Allegro (NASDAQ: ALGM)
Allegro released its Q3 financial report for fiscal year 2021 on February 2, 2021 (Allegro's fiscal year is from April of the previous year to March of the current year). In the first three quarters of fiscal year 2021, the company's revenue was US$420 million (-12.5%), net profit was US$09 million (-60.4%), gross profit margin was 55.9%, and net profit margin was 2.7%. In Q3 of fiscal year 2021, the company’s revenue was US$160 million (+2.9%), net profit was -US$05 million (-156.5%), gross profit margin was 65.2%, and net profit margin was -3.7%.
The company’s business revenue has increased. In the first three quarters of fiscal year 2021, the automotive industry revenue was US$280 million (-3.4%), accounting for 81.4% of the total revenue; industrial revenue was US$70 million (+17.1%), accounting for 19.1% of the total revenue. %; other income was US$70 million (+32.3%), accounting for 20.6% of total revenue; in Q3 of fiscal year 2021, the automotive industry revenue was US$110 million (+15.0%), accounting for 69.3% of total revenue; industrial revenue was US$20 million (+10.8 %), accounting for 14.4% of total revenue; other income was US$30 million (+78.5%), accounting for 16.4% of total revenue;
On August 28, 2020, the company acquired Voxtel, which focuses on research for advanced driver assistance systems ADAS Eye-safe lidar LiDAR, in addition to laser technology, also has indium gallium arsenide (InGaAs), photodiodes (APDs), APD optical receiver and other technologies.
New Oriental Online (HK: 01797)
New Oriental Online released its 2021 fiscal year interim report on January 22, 2021. The company's revenue in the first half of fiscal year 2021 was 670 million yuan (+19.2%), net profit was -670 million yuan (-670.6%), gross profit margin was 22.6%, and net profit margin was -99.6%.
In the first half of fiscal year 2021, the company had 299,000 paying students for university education (-43.2%), accounting for 14% of the total, and university education revenue was 290 million yuan (-19.1%), accounting for 42.8% of the total revenue. The number of paying students in K12 education was 1.838 million (+143.4%), accounting for 85.9% of the total. K12 education revenue was 340 million yuan (+162.9%), accounting for 50.2% of the total revenue.
On January 28, 2021, the Beijing News Education Channel and Qianlong Think Tank jointly launched the "2020 "UP New Power" Education Brand Influence Public Opinion Report", announcing the top 15 most influential online education brands, including Zuoyebang, New Oriental Online, and Kaocheng Ranked in the top three respectively.
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