Sign in

    Yiwen Zhang • China Renaissance

    Yiwen Zhang's questions to Bilibili Inc (BILI) leadership

    Yiwen Zhang's questions to Bilibili Inc (BILI) leadership • Q2 2025

    Question

    Yiwen Zhang of China Renaissance asked for a discussion on the types of AI applications on Bilibili's platform and their latest progress.

    Answer

    Management, through translator Juliet Yang, detailed that AI is already generating value in advertising (AIGC for creatives) and content recommendation, which has been vital for user growth. They highlighted three key areas of progress: 1) Using AI to analyze user comments to identify and promote high-quality content early. 2) Developing tools for AI-assisted creation of human-like, mid-to-long form video to help creators. 3) Enhancing ACG-related areas like virtual idols and companionship, with new products expected to launch soon.

    Ask Fintool Equity Research AI

    Yiwen Zhang's questions to Bilibili Inc (BILI) leadership • Q1 2025

    Question

    Yiwen Zhang of China Renaissance questioned the underlying drivers of Bilibili's strong advertising revenue growth in Q1 and the outlook for this segment.

    Answer

    Rui Chen, Chairman and CEO, attributed the 20% YoY ad revenue growth to the platform's high-value user base (average age 26) and its reputation for quality content. Performance-based ads grew over 30% YoY, boosted by AI-driven infrastructure upgrades and GenAI ad creation tools. Chen highlighted strong growth in key verticals like games, home appliances (+35% YoY), and a significant surge in AI-related ad revenue (+400% YoY). The company remains confident in maintaining above-industry growth.

    Ask Fintool Equity Research AI

    Yiwen Zhang's questions to HUYA Inc (HUYA) leadership

    Yiwen Zhang's questions to HUYA Inc (HUYA) leadership • Q2 2025

    Question

    Yiwen Zhang from China Renaissance asked for details on the inaugural 'Delta Force' esports event, including feedback and its strategic importance.

    Answer

    Margaret Shi, Head of Capital Markets, explained that HUYA partnered with Tencent for the 'Delta Force Diamond Champions' summer season, showcasing the company's production and technology leadership with features like 4K ultra-HD and 120 FPS streaming. She added that the event was made more immersive by offering viewers exclusive in-game items, strengthening fan engagement.

    Ask Fintool Equity Research AI

    Yiwen Zhang's questions to New Oriental Education & Technology Group Inc (EDU) leadership

    Yiwen Zhang's questions to New Oriental Education & Technology Group Inc (EDU) leadership • Q2 2025

    Question

    Yiwen Zhang of China Merchants Securities inquired about New Oriental's Q3 revenue guidance, questioning the reasons for the apparent deceleration to 20-23% in RMB terms and its implications for the rest of the year and the pace of learning center expansion.

    Answer

    Zhihui Yang, Executive President and CFO, explained the guidance is conservative due to three factors: macroeconomic uncertainty affecting high-end businesses, a larger revenue base making high growth percentages more difficult, and an approximate 3% negative impact from foreign exchange rates. He affirmed the full-year plan to expand learning centers by 20-25% remains, focusing on high-performing cities and operational efficiency.

    Ask Fintool Equity Research AI

    Yiwen Zhang's questions to New Oriental Education & Technology Group Inc (EDU) leadership • Q1 2025

    Question

    Yiwen Zhang of China Renaissance followed up on the company's margin performance, highlighting the 220 basis point year-over-year increase in adjusted operating margin. She asked for the key drivers behind this improvement and how they are expected to influence results for the remainder of the fiscal year.

    Answer

    Zhihui Yang, Executive President and CFO, attributed the margin expansion to three main factors: strong top-line growth across all business lines, increased operating leverage from the ramp-up of learning centers expanded last year, and effective company-wide cost controls. Looking ahead, he reiterated that while Q2 may face seasonal margin pressure, he is optimistic about margin expansion for the full fiscal year for the educational business, excluding East Buy.

    Ask Fintool Equity Research AI