RELX's 2022 Q3 Performance Report on NASDAQ

Nov.16.2022

RELX released Q3 2022 results: net income down 37.7% YoY to CNY 10.444 billion, gross margin up to 50%.

On November 16th at 5 a.m. EST (November 16th at 4 p.m. Beijing time), RELX (Wuxin Technology), also known as Yooz, released their Q3 2022 financial report on the NASDAQ. The report highlighted several key data points.

Net income decreased by 37.7% from 16.767 billion yuan to 10.444 billion yuan. Gross profit margin increased by 10.9% to 50% from the previous year's 39.1%. Under U.S. GAAP adjustments, net income decreased by 48.4% from 9.764 billion yuan to 5.052 billion yuan. Unadjusted net income decreased by 27.4% from 4.527 billion yuan to 3.286 billion yuan from the same period last year.

Furthermore, YUEKE's R&D investment in Q3 2022 was 46 million yuan, a slight increase from the 44.6 million yuan invested during the same period in 2021.

Tomorrow, 2FIRSTS will present a more comprehensive overview of "Yueke's Q3 2022 financial report." Click here to view the content of Yueke's Q2 2022 financial report.

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1. This article is intended solely for research and discussion among industry insiders and does not make any investment or brand recommendations. It should not be used as a basis for investment decisions. 2. The data and analytical conclusions cited in this article have not been confirmed in writing by the companies mentioned. All data should be based on official company releases.

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