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ZW Data Action Technologies Inc. (CNET)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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0.3141-0.0260 (-7.64%)
At close: 03:59PM EDT
0.3200 +0.01 (+1.88%)
After hours: 07:56PM EDT
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  • D
    DavidB
    CNET is profitable !

    Financial Highlights

    Gross profit of $0.13 million for the first quarter of 2022, compared to a gross loss of $0.72 million for the same period last year;

    Gross profit margin improved to 1.8% for the first quarter of 2022, compared to -8.5% for the same period last year;

    Working capital of $10.92 million as of March 31, 2022, compared to $11.10 million as of December 31, 2021.

    First Quarter 2022 Financial Results

    Revenues

    For the first quarter of 2022, revenues decreased by $0.74 million, or 8.9%, to $7.65 million from $8.40 million for the same period last year. The decrease in revenues was primarily attributable to the decrease in revenues from our Internet advertising and related services business segment, as a result of the regional COVID-19 rebound in many provinces in China during the first quarter of fiscal 2022, which affected business of most of our small medium enterprises (“SMEs”) clients.
  • H
    Hans
    Q1 earnings, i.e losses, while not positive and tracking the PPS, look manageable given the decreased expenses following the decrease in revenues. Other than an ill advised (in hindsight) office expansion Q1’21 benefited from a capital raise. The biggest risk of course is the believability of Chinese financial reporting. The question is whether the Chinese and world economies turn around and avoid recession, I think they can weather this slowdown. IMO
    Neutral
  • T
    The Fourth EARL of NANT
    CNET saved us today. Question is, was it real?
  • C
    Concerned For Ukrainians
    Now is the perfect time for China to take Outer Manchuria back from the Russians. 現在是中國從俄羅斯人手中奪回外滿洲的最佳時機。
  • h
    haiviseo
    I found the cnet website with a pretty good technology theme, it's growing day by day. This Thichvivu ( https://thichvivu.net/ )website I find also has a lot of good technology and game knowledge (https://thichvivu.net/cong-nghe)
  • H
    Hans
    2021 earnings on first blush look decent tho a little late reporting. Increased expenses mostly covered by revenue growth. Still trading at about BV. Would be nice to see continued positive Q1 trends reported next month.
    Neutral
  • F
    Felueisoc
    $REDU conversation
    PED $1.5 now (Pedevco) Sales increase Q/Q 104.5%, EPS is 95% up, Zero Debt.
    300 Million barrel per day shortage in 10 days for global oil market. Think about alternative resources to replace Russian oil supply in a short term? It seems not easy to meet up that big Russian supply. Buy this stock sooner rather than later.

    $IAS $NXGL $LMPX $FSRD $CNET $CRBP $SNTG $VEON $INPX
    Bullish
  • T
    The Fourth EARL of NANT
    Broken stock disconnect from rally in Chinese.
    Bullish
  • D
    DavidB
    RIOT and CNET are both blockchain stocks. RIOT has P/S of 11 but CNET has P/S of 0.46.
  • R
    Reggie
    Many people are seeking for stability in this unstable crypto space and even the stock market, A lot of people are wondering if now is a good time to buy because of where the price is at right now. I'd say it's wrong to just sit back hold and wait maybe incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making profits should be the way of life that being said, the market is still majorly about BTC at the moment and I'll advise current investors and newbies to take advantage of the Mr. Sven Henrich copy Trading platform, a platform that handles people who lack understanding on how to maneuver the crypto space and stock market, to help them recover loss from the crash and also accumulate more positive returns, with this platform i went from having 1.4btc to 7btc in just 9 weeks.

    If you are interested in getting started, just send Mr. Sven a message on What*sapp>>>>>>> +447901191306 or Tel**e**gram @H_Sven
  • B
    Bo
    12:12p ET 2/17/2021 - Benzinga
    *ZW Data Action Technologies shares are trading higher. Strength appears related to Bitcoin momentum, which has lifted crypto-related stocks as well as Tuesday news of the company raising $17.1M through a registered direct offering.
    Bullish
  • M
    Milena
    "ChinaNet will acquire MCA, Capital Advance's financial platform, to explore the potential of fintech business and accelerate the expansion of blockchain - based services," translated from www Chinese newroom.
  • F
    Frank
    CNET is great, and way undervalued, this news all in last 3 months;

    - ZW Data Action Technologies Partner with BitSpace for Joint Blockchain Mining Platform
    - ZW Data raised cash
    - ZW Data Action Technologies Initiates Supply Chain Finance with Digital Asset and Crypto Payment
    - ZW Data Action Technologies Completes Its Blockchain Infrastructure Platform
  • N
    Nadir
    CNET is leading Blockchain Apps, Marketing, Finance, e-sports, Streaming, and now Mining. CNET had $56MM Revenue FY2019. MC is $100M. This is way undervalue! it has long potential due to Blockchain. China is investing Heavy on Blockchain developments, CNET is well positioned!
    Bullish
  • B
    BaggyMcBagface
    Wow! I was watching this in the high 4's this morning thinking, "Well, I'm not going to chase it now". Big mistake. Congrats to the longs on this one. Big winner so far in 2018
  • S
    Stock
    The reason for CENT’s monster surge and perspective valuation
    On 01/04, CNET announced its strategic alliance with Wuxi Jingtum. Many traders were excited and bid the shares 800% higher and gave CNET a market cap of appx $100M. SmarterAnalyst had a good coverage on this news “The Chinese internet technology firm announced a strategic partnership with Wuxi Jingtum Network Technology, the credible blockchain ecology builder and announced the expansion into the blockchain industry and its related technology. Both companies will utilize their respective advantages and exchange each other's work together to jointly develop blockchain applications.” (https://finance.yahoo.com/news/chinanet-online-holdings-inc-cnet-153539121.html). This is a good analysis paper but did not go deep enough.
    If you do a little DD, you will find:
    1. Wuxi Jingtum is established in 2014 with appx 80 employees. Jingtum’s system is a decentralized and ecologically interactive internet trading network based on blockchain technology. The system addresses data trust issues through cryptography and distributed coherency mechanisms while maintaining rich transactional and contractual features. Jingtum is the earliest company engaged in developing AI and block chain technology and an abusolute pioneer in this field. You can read a lot of Jingum’s high level technical news from its web site https://www.jingtum.com/news/. You can see this company is highly credible and technical.
    2. Currently even with yesterday’s monster percentage growth, CNET has only $80M market cap. By comparison, RIOT, which just added blockchain to its name and doing a little, is enjoying and sustaining appx $300M market cap. I would argue that CNET would have at least similar, if not more, market cap vs RIOT.
    Your thoughts? I would expect to see up to 400% price appreciation in coming weeks, just to reach the same market cap vs RIOT. Get in when it is still cheap.
  • N
    Nadir
    ZW Data Action Technologies Inc. Updates its Official Website with Information + Transaction + Blockchain Triple Service Upgrade
    BY GlobeNewswire
    — 7:30 AM ET 11/02/2021
    BEIJING, Nov. 02, 2021 (GLOBE NEWSWIRE) -- ZW Data Action Technologies, Inc. ( CNET
    Loading...
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    ) ("ZW Data" or the "Company"), an integrated online advertising, precision marketing, data analytics, and other value-added services company, today announced that its website (http://www.zdat.com/) was fully upgraded and a new version of the website was officially launched.

    In 2021, ZW Data has upgraded its positioning – transforming to a digital operation service provider. The Company assists companies by deploying new-generation information and internet technologies such as NFT, blockchain, DeFi and big data. ZW Data explores the development of diversified business directions, and its business has been upgraded in both depth and breadth. The Company not only introduces high-quality projects, but also actively connects with leading enterprises to introduce supporting services and related projects for investment promotion.

    This update of the website introduces the latest blockchain research results – the Blockchain Integrated Framework (“BIF”) automation platform, which provides investment-light and development-light one-stop blockchain underlying management service solutions to micro, small and medium enterprises (“MSMEs”). The BIF automation platform is based on a transparent and visualized shared ledger for process integration, which will further reduce the complexity of collaboration, optimize the decision-making, and synchronize processes to realize the improvement of supply chain collaboration efficiency on blockchain. Meanwhile, through the new website the Company will provide customized operational full-chain solutions for numerous industry scenarios and customers, such as catering, shared equipment and overseas e-commerce.

    “ZW Data has been serving in the MSME information business for 18 years and currently has over 100,000 chain franchise customers. We have been committed to solving the problem of information asymmetry of MSMEs, so that enterprises can conduct business more conveniently, more efficiently and at a lower cost. In recent years, our Company has been making attempts and advances to provide digital full-chain support services for MSME transactions through blockchain, cloud computing, and big data, including business operations, technology, and marketing services, which means that ZW Data is moving from information services provider to a new stage of dual services of information + transactions provider. ZW Data's continuous exploration in the digitalization process of chain franchising will help MSMEs operate and manage efficiently and accurately, creating value for customers, while our own performance and development will also see greater improvement,” commented Handong Cheng, Chairman and Chief Executive Officer of ZW Data.

    About ZW Data Action Technologies Inc.

    Established in 2003 and headquartered in Beijing, China, ZW Data Action Technologies Inc. ( CNET ) is an ecological enterprise dedicated to marketing channel expansion services through mobile internet, blockchain, big data and other professional services. ZW Data has been providing information business services for small to medium enterprises to expand marketing channels for years and has become one of the industry benchmarks. It is committed to the innovation and establishment of B2B2C intelligent business ecology through the deployment of artificial intelligence, blockchain, cloud computing, big data, and other new-generation information technologies, to assist MSMEs in achieving a more convenient, efficient and lower cost business model. More information about the Company can be found at: http://www.zdat.com/.
  • J
    John
    Already $10.50
  • S
    Stanislav
    Why is CNET so undervalued?
    1.CNET Launched the First Blockchain-Powered Mobile Application for Intelligent Marketing and Advertising on June 4, 2018 (https://seekingalpha.com/pr/17181138-chinanet-online-holdings-launches-first-blockchain-powered-mobile-application-for-intelligent)
  • M
    Mike
    I am buying 5000 shares at $17 and selling all of it at $4 for a $65,000 loss.
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