On March 24, $XIAOMI-W(01810.HK)$ Announced the results report for the fourth quarter of 2020.
In the fourth quarter of 2020, Xiaomi Group's total revenue reached RMB 70.5 billion, up 24.8% year on year; adjusted net profit reached RMB 3.2 billion, up 36.7% year on year.
Xiaomi Group's revenue for 2020 is 245.87 billion yuan, market estimates are 247.76 billion yuan, and adjusted net profit for the full year is 13.01 billion yuan.
Xiaomi phones delivered excellent results in 2020, with shipments of 146 million units, an increase of 17.5% over the previous year, and revenue reaching 152.2 billion yuan, an increase of 24.6% over the previous year. In 2019, the revenue growth rate of Xiaomi smart phones was only 7.3%.
In 2020, there was a marked decline in Huawei's shipments to the global market, while Xiaomi and Apple both achieved positive growth. In Europe in particular, Xiaomi has taken over quite a few markets and reached number one in Central and Eastern Europe for the first time.
However, judging from this financial report, there are also hidden concerns about Xiaomi hidden beneath the surface of the water.
What is this hidden concern? For Xiaomi, what does it mean?
Tonight, let's meet with Mr. Luo Chao, a financial expert in the industry, at 8 o'clock to watch the live interpretation of Xiaomi's financial report~

$SNDL Inc(SNDL.US)$ The 2020 Q4 and Annual Results Meeting is being broadcast live! Let's listen to the management's interpretation and outlook on performance!

On March 11, $JD.com(JD.US)$ Results for the fourth quarter and full year of 2020 were announced. Let's first take a look at the performance of JD's financial report~
In the fourth quarter of 2020, JD Group's net revenue was RMB 224.3 billion, up 31.4% year on year.
Net revenue for the full year of 2020 was RMB 745.8 billion, of which net service revenue accounted for more than 14% for the first time. As of December 31, 2020, the number of active purchasing users of JD in the past 12 months reached 471.9 million, a net increase of nearly 110 million active users for the whole year.
In addition to high-quality growth in core indicators such as revenue and users, the financial report also revealed the number of days of JD's inventory turnover. (Note: Inventory turnover speed is one of the core indicators of the retail industry)
JD's annual net revenue is over 700 billion dollars. What level is it in the current e-commerce hierarchy?
Exactly how many days does JD have in inventory turnover? And what does it represent?
Tonight, I'll meet with Mr. Li Chengdong at 7 o'clock. Let's take a look together $JD.com(JD.US)$ Let's interpret the financial report

记者：“如果投资者决定投资个股，他们应该怎样获取更多信息了解公司？”
巴菲特：“投资者先要想清楚他们是否了解得足够多，是否应得高额的回报。投资者应该像我一样多读公司的财务报表，包括年报和季报。但是如果仔细阅读完这些公开文件，还是不太确定是否了解了该公司业务，他们最好还是不要投资或者去买指数基金。”
财报提供的信息让价格投资者能够看到被市场低估的公司，并进行投资决策。他们投资的信心来自于对财报分析，进而获得客观的数据和基于数据的逻辑分析以及对各种生意模式的理解。为什么说研习财报是价值投资的第一步？财报有什么作用呢？我们从财报中能发现什么有价值的信息呢？本篇文章将为你解答。
一、 发现财报中的“可疑点”
部分公司在上市前伪造交易是为了顺利完成IPO，并尽量多的募集资金。上市公司则是为了尽可能的高价减持，股价越高，之前的这一批投资者、高管或者说原始股东，才能够尽可能高的交易套现。关注财报数据中的现金流、负债等信息，则可以看到疑点。点击阅读往期文章
二、 发现企业的核心竞争力、为投资提供参考
新兴市场是未来龙头企业的摇篮，市场需求正...

Tuesday @moo_LiveLivestreamed on Alibaba $Alibaba(BABA.US)$ The results conference for the third quarter of FY2021, this live broadcast really had highlights everywhere. The most prominent of these is full investment in new retail businesses to gradually form an economy close to consumers. Nokia $Nokia Oyj(NOK.US)$The earnings conference will be launched at 21:00 Beijing time today. Can Nokia fight a turnaround in the 5G competition? How to analyze stock trends through the fundamentals of a company? Why are some companies losing money and their stock prices are rising? This article will answer your questions.
I. Market space
In the field of emerging industries, market demand is being formed, and future market capacity is difficult to estimate. This type of industry history is often the cradle of great enterprises. Bull stocks are constantly emerging, and the focus should be on exploring large companies in small industries.
As for industrial transformation, old leading companies are being deconstructed, and a new ceiling has yet to be formed or is being formed. “Innovation” will disrupt the original industry balance and create new demand. Companies representing new technology and new productivity will stand out. Once upon a time, Nokia was the king in the mobile phone industry. Since 2010, the mobile phone business has declined. After making decisions, Nokia summed up system reasons, and then gradually replaced by emerging brands. The earnings report released for the third quarter of 2020 showed that profit fell short of expectations and fell more than 17% before the market. Its new...

Last week seemed like a “Spring Festival Gala” for the stock market, popular Tesla $Tesla(TSLA.US)$ and apple $Apple(AAPL.US)$ Financial reports have been released one after another, causing a lot of discussion among shareholders! GME $GameStop(GME.US)$ with AMC $AMC Entertainment(AMC.US)$ It has given rise to a new wave of enthusiasm. On Alibaba, which was just released $Alibaba(BABA.US)$ According to financial reports, Taobao's special edition has more than 100 million monthly active users and will seize the market with Pinduoduo. There will be more Nokia next $Nokia Oyj(NOK.US)$ and Snap $Snap Inc(SNAP.US)$ The earnings call will be livestreamed and waiting for you! Now let's learn how to read the three legendary financial statements, and let's have some fun together!

Profit and loss statement/income statement (Income Statement)
The profit and loss statement is one of the three basic financial statements that summarize the company's income and expenses over a specific period. The indicators we need to pay attention to in the income statement are sales revenue, net profit, and operating profit.
Know the profitability of the company's various businesses, and focus on changes in the revenue of the main business. Net profit and operating profit are what we need...

Hi Mooers! So far, moomoo has passed @moo_LiveWe have livestreamed more than 20 performance calls for everyone. Do you have a certain understanding of financial reports? Do you know what metrics we need to pay extra attention to? Let's learn together!
Earnings Per Share (Earnings Per Share)
Earnings after tax per share and surplus per share refer to the ratio of net profit to total share capital. It is one of the important indicators for measuring the investment value of a stock, a basic indicator for analyzing the value of common stock, and an important indicator for comprehensively reflecting the company's profitability.
Tesla $Tesla(TSLA.US)$ The financial report will be released on January 27. The market expects earnings per share for the fourth quarter to be 0.6 US dollars, an increase of 131.7% over the previous year. The number of Tesla's Q4 global deliveries has broken the 180,000 mark, so can its earnings meet expectations?
Free Cash Flow (Free Cash Flow)
Free cash flow refers to the maximum amount of cash that can be distributed to shareholders and creditors without jeopardizing the survival and development of the company.
Netflix, for example $Netflix(NFLX.US)$ In the 2020 Q4 results conference call, it was stated that the number of its users exceeded 200 million. At the same time, more and more users are willing to pay for content, and their cash flow will become positive in 2021 to achieve stock repurchases.
Price-Earnings Ratio (P/E Ratio)
The city...