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2021-11-24
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Cheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year<blockquote>猎豹移动第三季度总收入为1.961亿元人民币,同比下降46.3%</blockquote>
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The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.</p><p><blockquote>由于公司持续的业务精简工作,公司根据管理层评估公司分部业绩方式的变化对分部进行了重新调整。公司的海外广告代理服务,协助国内公司在海外广告平台投放广告,由于公司的广告代理服务与全球云服务产生协同效应,由互联网业务转变为AI等。因此,本公司已追溯修订分部资料及相关收入呈列,以符合本公司分部的变动。</blockquote></p><p> <b>Revenues from the Company's internet business</b> decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021. The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.</p><p><blockquote><b>公司互联网业务收入</b>2021年第三季度为1.605亿元人民币(2,490万美元),同比下降50.8%,环比下降15.5%。同比下降是由于公司在过去几个季度减少游戏相关业务的战略努力。环比下降主要是由于2021年第二季度的收入因6月18日的促销活动而暂时增加,而2021年第三季度没有发生此类促销活动。</blockquote></p><p> <b>Revenues from the AI and others</b> were RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.</p><p><blockquote><b>来自人工智能和其他的收入</b>2021年第三季度为人民币3560万元(550万美元),同比下降8.8%,环比增长62.8%。同比下降主要归因于人工智能相关硬件产品销量下降。环比增长来自我们的购物中心优惠券销售机器人业务以及我们的全球云服务。</blockquote></p><p> <b>COST OF REVENUES AND GROSS PROFIT</b></p><p><blockquote><b>收入成本及毛利</b></blockquote></p><p> <b>Cost of revenues</b>decreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.<b>Non-GAAP cost of revenues</b>decreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.</p><p><blockquote><b>收入成本</b>2021年第三季度为7440万人民币(1150万美元),同比下降34.5%,环比增长47.1%。同比下降主要是由于收入减少。环比增长是由于人工智能相关业务支出增加。<b>非公认会计准则收入成本</b>2021年第三季度为7420万元人民币(1150万美元),同比下降34.5%,环比增长47.7%。</blockquote></p><p> <b>Gross profit</b>decreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.<b>Non-GAAP gross profit</b>decreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.</p><p><blockquote><b>毛利</b>2021年第三季度同比下降51.6%,环比下降24.5%,达到1.217亿人民币(1890万美元)。<b>非公认会计准则毛利润</b>2021年第三季度同比下降51.6%,环比下降24.5%,达到1.219亿人民币(1890万美元)。</blockquote></p><p> <b>Gross margin</b>was 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.<b>Non-GAAP gross margin</b>was 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.</p><p><blockquote><b>毛利率</b>2021年第三季度为62.1%,而2020年第三季度为68.9%,2021年第二季度为76.1%。<b>非公认会计准则毛利率</b>2021年第三季度为62.2%,而2020年第三季度为69.0%,2021年第二季度为76.3%。</blockquote></p><p> <b>OPERATING INCOME/LOSS AND EXPENSES</b></p><p><blockquote><b>营业收入╱亏损及开支</b></blockquote></p><p> <b>Total operating expenses</b> decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.<b>Total non-GAAP operating expenses</b>decreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.</p><p><blockquote><b>营业费用总额</b>2021年第三季度为1.849亿人民币(2870万美元),同比下降51.0%,环比下降15.9%。<b>非公认会计准则运营费用总额</b>2021年第三季度为人民币1.804亿元(2800万美元),同比下降51.3%,环比下降17.2%。</blockquote></p><p></p><p> <ul> <li><b>Research and developmentexpenses</b> decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter. <b>Non-GAAP research and development expenses</b>decreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.</li> <li><b>Selling and marketing expenses</b> decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter. <b>Non-GAAP selling and marketing expenses</b> decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.</li> <li><b>General and administrative expenses</b> decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.<b>Non-GAAP general and administrative expenses</b>decreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.</li> </ul> <b>Operating loss</b> wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.<b>Non-GAAP operating loss</b>wasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.</p><p><blockquote><ul><li><b>研发开支</b>2021年第三季度为人民币5540万元(860万美元),同比下降52.9%,环比增长17.2%。同比下降主要是由于去年取消合并若干手机游戏业务所致。我们在研发方面的投资一直保持平稳。环比变化主要是由于本季度政府补助减少。 <b>非公认会计准则研发费用</b>2021年第三季度销售额为5200万人民币(810万美元),同比下降53.7%,环比增长10.5%。</li><li><b>销售及市场推广开支</b>2021年第三季度为8560万人民币(1330万美元),同比下降48.3%,环比下降29.8%。这一同比下降归因于我们业务的精简和成本的战略性降低。虽然环比下降主要是因为我们在第二季度为6月18日促销活动产生了增量促销费用。<b>非公认会计准则销售和营销费用</b>2021年第三季度同比下降49.0%,环比下降30.0%,为8500万元人民币(1320万美元)。</li><li><b>一般及行政开支</b>2021年第三季度为4870万人民币(760万美元),同比下降46.5%,环比下降8.1%。该减少主要由于我们精简业务营运及有效控制开支所致。<b>非公认会计准则一般和管理费用</b>2021年第三季度为4810万人民币(750万美元),同比下降45.5%,环比下降6.7%。</li></ul><b>经营亏损</b>2021年第三季度为人民币6320万元(980万美元),而去年同期为人民币1.26亿元,2021年第二季度为人民币5880万元。<b>非公认会计准则营业亏损</b>2021年第三季度为5850万元人民币(910万美元),而去年同期为1.189亿元人民币,2021年第二季度为5640万元人民币。</blockquote></p><p> <ul> <li><b>Operating profit for the internet business</b> wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.</li> <li><b>Operating loss for AI and others</b>wasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.</li> </ul> <b>Share-based compensation expenses</b> wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.</p><p><blockquote><ul><li><b>互联网业务经营溢利</b>2021年第三季度营业利润为人民币180万元,而去年同期营业利润为人民币6420万元,2021年第二季度营业亏损为人民币820万元。</li><li><b>人工智能和其他的运营亏损</b>2021年第三季度营业亏损为人民币6030万元,而去年同期营业亏损为人民币1.831亿元,2021年第二季度营业亏损为人民币4830万元。</li></ul><b>以股份为基础的薪酬开支</b>2021年第三季度为470万元人民币(70万美元),而去年同期为710万元人民币,2021年第二季度为240万元人民币。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year<blockquote>猎豹移动第三季度总收入为1.961亿元人民币,同比下降46.3%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-24 16:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/CMCM\">Cheetah Mobile Inc. </a>, a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.</p><p><blockquote><a href=\"https://laohu8.com/S/CMCM\">猎豹移动公司。</a>领先的互联网公司今天公布了截至2021年9月30日的2021年第三季度未经审计的合并财务业绩。</blockquote></p><p> <b>Third Quarter 2021 Consolidated Financial Results</b></p><p><blockquote><b>2021年第三季度合并财务业绩</b></blockquote></p><p> <b>REVENUES</b></p><p><blockquote><b>收入</b></blockquote></p><p> Total revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.</p><p><blockquote>2021年第三季度总收入为1.961亿元人民币(3040万美元),同比下降46.3%,环比下降7.4%。</blockquote></p><p> As a result of the Company's ongoing business streamlining efforts, the Company realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.</p><p><blockquote>由于公司持续的业务精简工作,公司根据管理层评估公司分部业绩方式的变化对分部进行了重新调整。公司的海外广告代理服务,协助国内公司在海外广告平台投放广告,由于公司的广告代理服务与全球云服务产生协同效应,由互联网业务转变为AI等。因此,本公司已追溯修订分部资料及相关收入呈列,以符合本公司分部的变动。</blockquote></p><p> <b>Revenues from the Company's internet business</b> decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021. The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.</p><p><blockquote><b>公司互联网业务收入</b>2021年第三季度为1.605亿元人民币(2,490万美元),同比下降50.8%,环比下降15.5%。同比下降是由于公司在过去几个季度减少游戏相关业务的战略努力。环比下降主要是由于2021年第二季度的收入因6月18日的促销活动而暂时增加,而2021年第三季度没有发生此类促销活动。</blockquote></p><p> <b>Revenues from the AI and others</b> were RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.</p><p><blockquote><b>来自人工智能和其他的收入</b>2021年第三季度为人民币3560万元(550万美元),同比下降8.8%,环比增长62.8%。同比下降主要归因于人工智能相关硬件产品销量下降。环比增长来自我们的购物中心优惠券销售机器人业务以及我们的全球云服务。</blockquote></p><p> <b>COST OF REVENUES AND GROSS PROFIT</b></p><p><blockquote><b>收入成本及毛利</b></blockquote></p><p> <b>Cost of revenues</b>decreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.<b>Non-GAAP cost of revenues</b>decreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.</p><p><blockquote><b>收入成本</b>2021年第三季度为7440万人民币(1150万美元),同比下降34.5%,环比增长47.1%。同比下降主要是由于收入减少。环比增长是由于人工智能相关业务支出增加。<b>非公认会计准则收入成本</b>2021年第三季度为7420万元人民币(1150万美元),同比下降34.5%,环比增长47.7%。</blockquote></p><p> <b>Gross profit</b>decreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.<b>Non-GAAP gross profit</b>decreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.</p><p><blockquote><b>毛利</b>2021年第三季度同比下降51.6%,环比下降24.5%,达到1.217亿人民币(1890万美元)。<b>非公认会计准则毛利润</b>2021年第三季度同比下降51.6%,环比下降24.5%,达到1.219亿人民币(1890万美元)。</blockquote></p><p> <b>Gross margin</b>was 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.<b>Non-GAAP gross margin</b>was 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.</p><p><blockquote><b>毛利率</b>2021年第三季度为62.1%,而2020年第三季度为68.9%,2021年第二季度为76.1%。<b>非公认会计准则毛利率</b>2021年第三季度为62.2%,而2020年第三季度为69.0%,2021年第二季度为76.3%。</blockquote></p><p> <b>OPERATING INCOME/LOSS AND EXPENSES</b></p><p><blockquote><b>营业收入╱亏损及开支</b></blockquote></p><p> <b>Total operating expenses</b> decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.<b>Total non-GAAP operating expenses</b>decreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.</p><p><blockquote><b>营业费用总额</b>2021年第三季度为1.849亿人民币(2870万美元),同比下降51.0%,环比下降15.9%。<b>非公认会计准则运营费用总额</b>2021年第三季度为人民币1.804亿元(2800万美元),同比下降51.3%,环比下降17.2%。</blockquote></p><p></p><p> <ul> <li><b>Research and developmentexpenses</b> decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter. <b>Non-GAAP research and development expenses</b>decreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.</li> <li><b>Selling and marketing expenses</b> decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter. <b>Non-GAAP selling and marketing expenses</b> decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.</li> <li><b>General and administrative expenses</b> decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.<b>Non-GAAP general and administrative expenses</b>decreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.</li> </ul> <b>Operating loss</b> wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.<b>Non-GAAP operating loss</b>wasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.</p><p><blockquote><ul><li><b>研发开支</b>2021年第三季度为人民币5540万元(860万美元),同比下降52.9%,环比增长17.2%。同比下降主要是由于去年取消合并若干手机游戏业务所致。我们在研发方面的投资一直保持平稳。环比变化主要是由于本季度政府补助减少。 <b>非公认会计准则研发费用</b>2021年第三季度销售额为5200万人民币(810万美元),同比下降53.7%,环比增长10.5%。</li><li><b>销售及市场推广开支</b>2021年第三季度为8560万人民币(1330万美元),同比下降48.3%,环比下降29.8%。这一同比下降归因于我们业务的精简和成本的战略性降低。虽然环比下降主要是因为我们在第二季度为6月18日促销活动产生了增量促销费用。<b>非公认会计准则销售和营销费用</b>2021年第三季度同比下降49.0%,环比下降30.0%,为8500万元人民币(1320万美元)。</li><li><b>一般及行政开支</b>2021年第三季度为4870万人民币(760万美元),同比下降46.5%,环比下降8.1%。该减少主要由于我们精简业务营运及有效控制开支所致。<b>非公认会计准则一般和管理费用</b>2021年第三季度为4810万人民币(750万美元),同比下降45.5%,环比下降6.7%。</li></ul><b>经营亏损</b>2021年第三季度为人民币6320万元(980万美元),而去年同期为人民币1.26亿元,2021年第二季度为人民币5880万元。<b>非公认会计准则营业亏损</b>2021年第三季度为5850万元人民币(910万美元),而去年同期为1.189亿元人民币,2021年第二季度为5640万元人民币。</blockquote></p><p> <ul> <li><b>Operating profit for the internet business</b> wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.</li> <li><b>Operating loss for AI and others</b>wasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.</li> </ul> <b>Share-based compensation expenses</b> wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.</p><p><blockquote><ul><li><b>互联网业务经营溢利</b>2021年第三季度营业利润为人民币180万元,而去年同期营业利润为人民币6420万元,2021年第二季度营业亏损为人民币820万元。</li><li><b>人工智能和其他的运营亏损</b>2021年第三季度营业亏损为人民币6030万元,而去年同期营业亏损为人民币1.831亿元,2021年第二季度营业亏损为人民币4830万元。</li></ul><b>以股份为基础的薪酬开支</b>2021年第三季度为470万元人民币(70万美元),而去年同期为710万元人民币,2021年第二季度为240万元人民币。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CMCM":"猎豹移动"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132691323","content_text":"Cheetah Mobile Inc. , a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.\nThird Quarter 2021 Consolidated Financial Results\nREVENUES\nTotal revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.\nAs a result of the Company's ongoing business streamlining efforts, the Company realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.\nRevenues from the Company's internet business decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021. The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.\nRevenues from the AI and others were RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.\nCOST OF REVENUES AND GROSS PROFIT\nCost of revenuesdecreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.Non-GAAP cost of revenuesdecreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.\nGross profitdecreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.Non-GAAP gross profitdecreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.\nGross marginwas 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.Non-GAAP gross marginwas 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.\nOPERATING INCOME/LOSS AND EXPENSES\nTotal operating expenses decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.Total non-GAAP operating expensesdecreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.\n\nResearch and developmentexpenses decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter. Non-GAAP research and development expensesdecreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.\nSelling and marketing expenses decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter. Non-GAAP selling and marketing expenses decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.\nGeneral and administrative expenses decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.Non-GAAP general and administrative expensesdecreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.\n\nOperating loss wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.Non-GAAP operating losswasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.\n\nOperating profit for the internet business wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.\nOperating loss for AI and otherswasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.\n\nShare-based compensation expenses wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.","news_type":1,"symbols_score_info":{"CMCM":0.9}},"isVote":1,"tweetType":1,"viewCount":3554,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/874183865"}
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