Most popular Chinese concept stocks closed higher on Friday, Pinduoduo rose more than 15%

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Most popular Chinese concept stocks closed higher on Friday,NasdaqChina’s Golden Dragon Index closed up 2.33 percent.

　　1 Drug Netrose more than 20%,Pinduoduorose more than 15%,Yixian E-commercerose more than 8%,Jinshan Cloud、new oxygen、No. 1 Ninetownscityrose more than 7%,educate togetherrose nearly 7%,Tiger Securities、Bestgroup,litchi、all things reborn、China network carrier linerose more than 6%,Ding dong shopping、Lufax Holding、BOSS direct employment、full gang、Uxinrose more than 5%,Tuniurose nearly 5%,Fog Core Technology、Mavericks Electric、Thunderrose more than 4%,Futu Holdings、Dadagroup,WIMI Hologramrose nearly 4%,NetEaseright,NIOcar,MINISOrose more than 3%,car homerose nearly 3%, NetEase,Baidu、water drop company、happy carrose more than 2%,Jingdong、IQIYIXiaopeng Motors,poke petrose nearly 2%,Bilibili、Vipshop、Renren Companyrose more than 1%,New OrientalCtrip rose nearly 1%.

　　YunmiTechnology fell more than 8%,Know almost、Cheetah MobileIt fell more than 6%, and the daily excellent fresh fell nearly 6%.mushroom Street、funny headlinesfell more than 4%,Lejufell more than 3%,shell、36 krypton、sohu、Phoenix New Mediafell more than 2%,AliBabaJoy Group,bettafell more than 1%.

U.S. stocks closed higher on Friday, with the three major stock indexes up more than 6% for the week. The Dow rose 575.77 points, or 1.76%, to 33,212.96 points; the Nasdaq rose 390.48 points, or 3.33%, to 12,131.13 points; the S&P 500 rose 100.40 points, or 2.47%, to 4,158.24 points.

All three major U.S. stock indexes recorded gains of more than 6% this week. The Dow rose 6.2% for the week, snapping an eight-week losing streak. The S&P 500 rose 6.6% and the Nasdaq rose 6.8%, both posting their first weekly gains in eight.

　　List of leading Chinese concept stocks:

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　　Hot info

　　Pinduoduo: First-quarter revenue of 23.8 billion yuan, Non-GAAP net profit of 4.2 billion yuan

　　Pinduoduo(Nasdaq: PDD) today released earnings for the first quarter of 2022 ended March 31. According to the financial report, Pinduoduo’s total revenue in the first quarter was 23.7937 billion yuan (about 3.7534 billion US dollars), an increase of 7% compared with 22.1671 billion yuan in the same period last year. Net profit attributable to ordinary shareholders of Pinduoduo was 2,599.5 million yuan (about 410.1 million U.S. dollars), compared with a net loss of 2,905.4 million yuan in the same period last year. Not in accordance with US GAAP, the net profit attributable to Pinduoduo common shareholders was 4.2004 billion yuan (about 662.6 million US dollars), compared with a net loss of 1.8093 billion yuan in the same period last year.

First Quarter Results Highlights:

The total revenue was 23.7937 billion yuan (about 3.7534 billion US dollars), an increase of 7% compared with 22.1671 billion yuan in the same period of the previous year.

Average monthly active users were 751.3 million, up 4% from 724.6 million a year earlier.

The number of active buyers in the 12 months ended March 31, 2022 was 881.9 million, an increase of 7% year-on-year.

Net profit attributable to ordinary shareholders of Pinduoduo was 2,599.5 million yuan (about 410.1 million U.S. dollars), compared with a net loss of 2,905.4 million yuan in the same period last year.

Not in accordance with US GAAP, the net profit attributable to Pinduoduo common shareholders was 4.2004 billion yuan (about 662.6 million US dollars), compared with a net loss of 1.8093 billion yuan in the same period last year.

　　WeiboChanged first quarter 2022 earnings release date to June 1, 2022

　　WeiboThe company has changed the release date of its first quarter 2022 earnings report to before the US stock market opens on June 1, 2022 Eastern Time. The reason for the change is that the original date of May 30, 2022 is a US public holiday.

The Weibo management team will hold a conference call from 7:00 am to 8:00 am EST on June 1, 2022 (7:00 pm to 8:00 pm Beijing time on June 1, 2022) to report on the company’s financial and operating conditions .

　　CICC: maintainZhongtongExpress “Outperform” rating with a maximum price target of $34.2

CICC issued a rating report on May 27, saying thatZhongtongExpress “outperforms the industry” rating, the highest target price is 34.2 US dollars, 6.56% lower than the previous highest target price.

On May 26, ZTO Express fell 1.79% to US$24.75, a cumulative drop of 1.9% in the past 5 days, and a cumulative drop of 2.52% in the past 30 days.

　　Fun shopShares stay below $1 on NYSE non-compliance notice

May 27,Fun shopAnnounces that it has received a non-compliance notice letter dated May 25, 2022 from the NYSE for its American Depositary Shares (ADS), whose average closing price has been below $1 for 30 consecutive trading days, is deemed to be below compliance standards.

Companies have six months after being notified to restore compliance with the minimum share price requirement.

　　Yunmi Technology’s Q1 revenue fell 43% year-on-year, turning from profit to loss of more than 50 million yuan

　　YunmiTechnology (VIOT.US) announced financial results for the first quarter of 2022. According to the financial report, the company’s Q1 net revenue was 712 million yuan (RMB, the same below), compared with 1.256 billion yuan in the same period last year, a year-on-year decrease of 43.3%. The net loss attributable to ordinary shareholders of the company was 50.614 million yuan, compared with a net profit of 49.378 million yuan in the same period last year.

Basic and diluted losses per ADS were both 0.72 yuan, compared with 0.71 yuan and 0.66 yuan per ADS in the same period last year; basic and diluted per share losses were both 0.24 yuan, compared with 0.24 yuan and 0.22 yuan per share in the same period last year, respectively Yuan. Gross profit margin was 26.3%, compared with 21.1% in the same period last year.

　　EHangSmart and Chia Tai Group reach cooperation to sell autonomous aerial vehicles in Thailand

May 27,EHangSmart (EH.US) announced that it has reached a strategic partnership with CP Group, a large conglomerate in Thailand, and plans to establish a joint venture in Thailand to carry out the sales of autonomous aerial vehicles and urban air mobility (UAM) business.

The two parties plan to leverage their professional and resource advantages to carry out long-term comprehensive cooperation in the areas of autopilot product sales, marketing, regulatory compliance, business development, infrastructure construction, and talent training, focusing on the future of urban air traffic operations. , automatic and sustainable air traffic technology and solutions to more overseas markets such as Thailand. Both parties expect that this strategic cooperation will unlock the value and potential of urban air mobility solutions in multiple industry sectors.

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