Tencent Holdings Limited (TCEHY)

Surprisingly strong quarterly report from douyu ...
ARE THEY ALREADY TURNING AROUND ????

Total net revenues in Q2 2022 were RMB1,833.2 million (US$273.7 million) while gross profit in Q2 2022 was RMB309.0 milion (US$46.1 million). The gross
margin in Q2 2022 improved to 16.9% from 13.1% in the same period of 2021. $DOYU

Adjusted net income in Q2 2022 was RMB23.5 million (US$3.5million), compared with adjusted net loss of RMB145.1 million in the same period of 2021.

“At the same time, we optimized our cost control mechanisms and carried out structural adjustments to enhance the quality of our revenue streams,” $DOYU CEO Shaojie Chen commented.

“We achieved substantial progress in Q2, as demonstrated by our stable average mobile MAUs of 55.7 million and our improved financial performance, as our adjusted net income reached RMB23.5 million,” $DOYU CEO Shaojie Chen said.

Douyu’s financial performance has improved since Q1 and remains robust. “Our abundant cash reserves will provide us with ample support to stabilize our core business operations as we navigate through the challenging macro environment,” said
Vice President Hao Cao.

Hao Cao, Vice President of $DOYU commented, “Our attention to operating efficiency has delivered tangible results with improved returns for each game, generating a sequential improvement of gross margin and a turnaround in our adjusted net profit for the quarter.”

“Looking ahead, we remain focused on enhancing our monetization capabilities and developing our operating model to improve operating efficiency as we strive to deliver long-term value to our #shareholders,” said $DOYU Vice President Hao Cao.

$BILI $NTES $TCEHY $HUYA $IQ $DADA $MOMO $BZUN $YY $ATHM

🛑BREAKING NEWS🛑

RUMORS
CHINA AND US AUDIT DEAL/ AGREEMENT IS NEAR ❗❗
$BABA $JD $PDD $BIDU $FXI $BILI $NTES $NIO $TCEHY $QQQ

BREAKING NEWS
CHINA LEAVING TAIWAN ❤
⚡PLA COMPLETED MILITARY DRILL MISSIONS AROUND TAIWAN ISLAND. WILL NORMALIZE THE PATROL IN THE AREA. #CHINA #TAIWANSTRAIT
$BABA $QQQ $SPY $HSI $JD $PDD $BIDU $NIO $TCEHY $NTES

🛑BREAKING NEWS 🛑
NO DELEISTING OF CHINESE ADRs?

PCAOB chair Erica Williams: US-China talks over audit-paper access ongoing. PCAOB has teams 'ready to go" to China if agreement reached. Reaching a deal on audit papers means 'no loopholes.'
#US #China $KWEB $FXI $BABA $JD $PDD $HSI $TCEHY $BILI $DOYU $VIPS $BIDU $NTES $NIO $BILI $CWEB

Mmmm truth is not many people can do It , but so true
check the link ⬇️

https://twitter.com/raketinspekt/status/1555506022017638400?t=rKs0CbZLKOfOwoUtSo_WIA&s=19
$BZUN $TCEHY $BILI $NTES $HUYA $IQ $MOMO $DOYU