Welcome to our dedicated page for Zhihu American Depositary Shares, each representing three (3) news (Ticker: ZH), a resource for investors and traders seeking the latest updates and insights on Zhihu American Depositary Shares, each representing three (3) stock.
Zhihu Inc. (NYSE: ZH; HKEX: 2390) is a leading online content community in China, established in 2010. Initially launched as a Q&A platform, Zhihu has evolved into a comprehensive online content community. It monetizes primarily through paid membership services, advertising services, content-commerce solutions, and vocational training. The company generates all its revenue in China.
Recent Achievements and Financial Performance
As of the second quarter of 2023, Zhihu reported a revenue increase of 24.9% year over year, reaching RMB1,044.2 million (US$144.0 million). Despite a slight dip in marketing services revenue, both paid memberships and vocational training experienced significant growth, with increases of 65.6% and 213.3%, respectively.
For the third quarter of 2023, Zhihu maintained its growth momentum, reporting total revenues of RMB1,022.2 million (US$140.1 million), a 12.1% increase compared to the previous year. This growth was driven by a 39.2% rise in paid membership revenue and an 85.6% increase in vocational training revenue.
By the fourth quarter of 2023, Zhihu's revenue increased by 2.2% year over year to RMB1,138.3 million (US$160.3 million). The company's gross margin enhanced to 59.1% from 56.4%, driven by improved operational efficiencies.
Technology and User Engagement
Zhihu is committed to integrating cutting-edge AI technology to improve content quality and user experiences. The company has made significant strides in enhancing user engagement and retention, with plans to continue leveraging its technological capabilities for sustainable growth.
Strategic Initiatives and Future Outlook
Zhihu has been focusing on a multi-engine monetization strategy, which has yielded positive results despite macroeconomic challenges. The company is concentrating on reducing losses and enhancing profitability by strategic execution, cost control, and operational efficiency. Zhihu's share repurchase program has also shown active shareholder value enhancement, repurchasing significant amounts of Class A ordinary shares.
Regulatory and Compliance
Recently, Zhihu addressed an NYSE compliance notification regarding its ADS trading price. The company plans to monitor market conditions and has proposed measures to rectify any deficiencies within the stipulated timeframe.
Community Impact and CSR
Zhihu continues to prioritize a trustworthy and inspiring community, helping people find solutions, make decisions, and seek inspiration. The platform's focus on user experience and content enrichment fosters a vibrant and engaged user base.
Zhihu has regained compliance with the NYSE's minimum average share price requirement of US$1.00 over a 30 trading-day period, as confirmed in a letter dated June 3, 2024. The company had previously been notified on December 28, 2023, that its American Depositary Shares (ADS) were below the required trading price. The latest notification signifies that Zhihu's ADS are now trading above the minimum threshold, resolving the compliance issue.
Zhihu Inc. (NYSE: ZH; HKEX: 2390), a leading online content community in China, has appointed Mr. Bin Sun as its new Chief Technology Officer (CTO), effective immediately. This follows the resignation of Mr. Dahai Li, who will now serve full-time as the CEO of Modelbest, a technology start-up focusing on AI and large language models. Mr. Li will continue as a director at Zhihu. Mr. Sun brings a wealth of experience from his previous roles at iQIYI, Perfect World, Microsoft, and Yahoo. He holds both a Bachelor's and a Master's degree in Computer Science from Harbin Institute of Technology.
Zhihu announced its Annual General Meeting (AGM) will be held on June 26, 2024, in Beijing.
Shareholders and ADS holders can vote on Proposed Resolutions, with eligibility based on records from May 24, 2024.
The board supports the resolutions and urges shareholders to vote in favor.
Zhihu's annual report for the fiscal year ending December 31, 2023, has been filed with the SEC and is accessible on the company's website.
Zhihu Inc. (NYSE: ZH; HKEX: 2390), a prominent online content community in China, will announce its unaudited financial results for Q1 2024 on June 12, 2024, before the U.S. market opens. The results pertain to the quarter ending March 31, 2024. A conference call to discuss these results will be held at 7:00 AM U.S. Eastern Time (7:00 PM Beijing/Hong Kong Time) on the same day. Participants must pre-register online to receive dial-in details. The webcast will be available on Zhihu's investor relations website and a replay will be accessible until June 19, 2024.
Zhihu Inc. (NYSE: ZH; HKEX: 2390) has announced a plan to change the ratio of its American depositary shares (ADSs) to its Class A ordinary shares, effective on or about May 10, 2024. The current ratio of two ADSs representing one Class A ordinary share will shift to a new ratio of one ADS representing three Class A ordinary shares. This change will have the same effect as a one-for-six reverse ADS split, with ADS holders required to exchange every six existing ADSs for one new ADS. The Company's ADSs will continue to trade on the New York Stock Exchange under the ticker symbol 'ZH'.
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