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HK stock announcement | Baidu Group-SW (09888) net income attributable to Baidu in the third quarter was 7.632 billion yuan, a year-on-year increase of 14%, and a quarter-on-quarter increase of 39%.
chinares pharma (03320): china resources sanjiu medical & pharmaceutical (000999.SZ) will sell 51% equity of Huarun Shenghuo to Kun Pharmaceutical (600422.SH)……
Li Yanhong: Baidu will release a new version of large models in early 2025.
On November 21, 2023, at the conference call for baidu's third quarter financial report for 2024, baidu's founder, director, and CEO Li Yanhong revealed that baidu will release a new version of the Wenxin large model in early 2025 to solidify its leading advantage in foundational models. Li Yanhong stated that in November, the daily usage of the Wenxin large model reached 1.5 billion calls, with over 1.7 trillion tokens processed daily. This represents an increase of approximately 30 times compared to the 50 million daily calls reported a year ago.
Baidu's Profit Jumps 14% in Q3; Revenue Falls 3%
Baidu Group - SW (09888.HK) third quarter revenue of 33.6 billion yuan. Baidu APP monthly active users reached 0.704 billion.
Gelonghui on November 21 | Baidu Group - SW (09888.HK) announced the financial performance for the third quarter of 2024. In the third quarter of 2024, the total revenue was 33.6 billion yuan, with Baidu's core revenue at 26.5 billion yuan, basically flat compared to last year; online marketing revenue was 18.8 billion yuan, a 4% decrease year-on-year, and non-online marketing revenue was 7.7 billion yuan, a 12% increase year-on-year, mainly driven by asia vets cloud business. In the third quarter, the operating profit was 5.9 billion yuan. Baidu's core operating profit was 5.7 billion yuan, with a core operating profit margin of 21%.
baidu (09888) reported a year-on-year net income growth of 14.23% in the third quarter to 7.632 billion yuan.
Golden Tiger Financial News | Baidu (09888) announced that in the third quarter of 2024, it recorded a net income attributable to Baidu of 7.632 billion yuan (RMB, the same below), a year-on-year increase of 14.23%, a quarter-on-quarter increase of 39%. The basic earnings per American depositary share were 21.93 yuan. The adjusted EBITDA was 8.7 billion yuan and the adjusted EBITDA profit margin was 26%. During the period, revenue reached 33.557 billion yuan, a year-on-year decrease of 2.58%. Among them, online marketing revenue was 18.8 billion yuan, a 4% decrease year-on-year, and non-online marketing revenue was 7.7 billion yuan, a 12% increase year-on-year, mainly by asia vets.
Blue Chip's baidu (09888.HK) third quarter Non-GAAP net profit fell by 19% to 5.89 billion RMB, in line with expectations.
Baidu-SW(09888.HK)(BIDU.USA) announced its third-quarter performance ending in September this year, with a net profit of 7.632 billion Chinese yuan (hereinafter), a 14.2% year-on-year increase, significantly higher than the forecasts ranging from 4.685 billion to 5.497 billion yuan by four brokerages. Diluted earnings per American Depositary Share (ADS) were 21.6 yuan. Under non-GAAP, Baidu's net profit decreased by 19% year-on-year to 5.886 billion yuan, falling within the range of 5.709 billion to 6.873 billion yuan predicted by nine brokerages, lower than the median forecast.
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