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Baidu HK SDR 10to1

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BIDU

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Apr 22 | Dolphin Research Key Watch:🐬 Macro/Sector 1) Trump said the U.S. will extend the ceasefire because of 'serious internal divisions' in Iran, until Tehran presents a unified negotiating plan and concludes talks.This should ease near-term Middle East tensions, supporting more stable oil prices and risk assets. However, core U.S.-Iran differences remain, Iran's stance is still tough, and talks face high uncertainty, so geopolitics risks are not fully cleared.🐬 Stocks 1、$CATL(03750.HK) CATL's 'Super Tech Day' unveiled the 3rd-gen 'Shenxing' ultra-fast charging battery. It delivers 10C-equivalent charging with up to 15C peak rate...

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Baidu

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CATL HK SDR 30to1

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Alibaba HK SDR 5to1

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Huawei

Goertek

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Xiaomi HK SDR 2to1

Xiaomi Corporation

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CATL's new battery charges to 100% in 6 min; BABA unveils AI digital human 'Qwen Dimples' | Daily News Recap

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0416 | Dolphin Research Focus: 🐬 Macro/Sector 1) The National Bureau of Statistics released China's Q1 2026 macro data today. Preliminary estimates put GDP at RMB 33.42tn, up 5.0% YoY in real terms, at the upper end of the 4.5%-5.0% annual target range.In Mar, national retail sales rose 1.7% YoY. Retail demand remains soft, with signs of further weakening at the margin. See Dolphin Research's take: 'Mar Retail Sales: A Cold Snap in Consumption? How big is the problem'...

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XPEV GX flagship debuts; TSLA hits AI5 chip tape-out milestone | Daily News Recap

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Apr 15 | Dolphin Research Focus: 🐬 Macro/Industry. 1) Anthropic plans to roll out its next-gen flagship model Claude Opus 4.7 this week, alongside AI-powered design tools for website and presentation design, further strengthening its portfolio and use-case coverage.The move is aimed squarely at OpenAI and Google and will intensify competition among leading LLMs. For Anthropic, cracking inference efficiency and cost control would be pivotal...

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GraniteShares 2x Long MSFT Daily ETF

NVIDIA Corporation

Anthropic may roll out Opus 4.7 as early as this week; NVDA's quantum model targets baryons | Daily News Recap

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0312 | Dolphin Research Watchlist.🐬 Macro/Industry 1) The U.S. will release Feb CPI at 20:30 Beijing time on Wed, a key input for the Fed's rate-cut path. Recent Middle East tensions have lifted oil prices, increasing uncertainty around the print.An upside surprise could push back cut expectations and weigh on growth stocks. In-line or softer readings would be supportive of risk assets.🐬 Single Stock 1) $Meta Platforms(META.US) Meta announced the acquisition of AI agent community Moltbook. It is known in the industry as the 'Lobster Community'...

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Gold.com

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NIO Inc. USD OV

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Li Auto

Meta Platforms

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Laopu Gld HK SDR 50to1

META secures 'Shrimp Pool' Moltbook; Laopu Gold issues a positive profit alert on strong earnings | Daily News Recap

Conference Minutes

UBER

Below is Dolphin Research's compiled transcript of $Baidu(BIDU.US) FY25 Q4 earnings call. For our analysis, see 'BIDU: Buybacks set a floor, but the comeback still hinges on the narrative.'I. Key financials recap. Core AI business metrics (Q4 2025) include:Baidu General Business revenue: RMB 26.1bn. Core AI-powered Business revenue: over RMB 11.0bn...

Grocery Outlet

Uber Tech

BIDU (Trans): Focus on shareholder returns, stronger mgmt. execution

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Financial Analysis

BYTED

$Baidu(BIDU.US) released Q4 results after the HK close on Feb 26, 2026, and the print was lackluster. That said, with a prolonged pullback already priced in, buybacks and dividends providing a floor, and year-ahead narratives such as Kunlun Chip's IPO and potential Stock Connect inclusion, the market is unlikely to impose a sustained penalty.This quarter the company adopted a new reporting structure, splitting into AI and legacy businesses. The AI segment includes AI infrastructure, AI applications, and AI-native marketing, while most institutions are still modeling estimates under the prior framework...

iQIYI

ByteDance

BIDU: Ad Engine Falters; Is Kunlunxin the Lifeline?

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BIDU 4Q25 First Take: the company adopted a new reporting framework this quarter, splitting results into AI biz. and other legacy biz.; AI includes AI infra, AI apps, and AI-native marketing. As the Street is still setting estimates under the old framework, Dolphin Research restores the prior disclosure for comparison, focusing on BIDU only and excluding iQIYI. Overall, the Q4 print was underwhelming. It was not a strong quarter. However, given the prolonged correction, buybacks providing support, and narratives such as Kunlun Chip’s IPO and potential Stock Connect inclusion later this year, we do not expect sustained penalties. On the top line, results were broadly in line with BBG consensus; overall ads slightly missed, and legacy ads were still down 26%, with the timing and pace of recovery uncertain. Cloud and other slightly beat, with cloud infra relatively strong. On opex, GAAP OP came in below expectations due to approx. RMB 700 mn in severance and some bad-debt provisions. Ex these items, lower D&amp;A and headcount optimization improved efficiency, driving Adj. OP to a modest beat. Looking at BIDU’s AI biz. in isolation, performance across the three pillars was mixed. Details follow: 1) Cloud Infra (cloud + compute): given last year’s high base (projects clustered in a short window), QoQ is more relevant. Q4 grew 35% QoQ, a decent trend. 2) AI Apps (incl. Baidu Wenku, Baidu Cloud Drive, and digital employees): flat QoQ. The cloud drive likely remained a drag. 3) AI-native marketing (agents and digital humans): edged lower QoQ; given industry trends, competition likely weighed. Watch the call for color on seasonality and other objective factors. $Baidu(BIDU.US) $BIDU-SW(09888.HK)

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0226 | Dolphin Research focus: 🐬 Stock 1, $Alibaba(BABA.US). Alibaba Cloud Bailian launched the 'Coding Plan', integrating APIs for four mainstream models — Qwen3.5, GLM-5, MiniMax M2.5 and Kimi K2.5 — making it the only cloud provider globally to offer this combo.Lite plan is priced at RMB 7.9 for the first month and RMB 40 for the second; Pro plan at RMB 39.9 for the first month and RMB 200 for the second, with free model switching. The aim is to lower AI coding barriers through aggressive pricing and full-stack model coverage...

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BOEING CO 6% DEP SHS RE 1/20TH PFD MAN CNV SR A

Alibaba Cloud rolls out dirt-cheap AI coding bundle; JD's 'Billion-yuan Supermarket' reignites subsidy rush | Daily News Recap

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上週末，趁着國內臨近春節，美國又耍了個&#34;小手段&#34;，其國防部一度宣佈將包括阿里、百度、比亞迪在內的多家公司納入 Chinese Military Companies、即 CMC 清單。導致阿里等受影響的公司股價盤前一度跳水，但隨後美國防部又 “玩鬧式” 地迅速將此公告撤回了，相關公司最後也收回了大多數跌幅。實際上，美國的這種 “小手段” 已用過多次，海豚君在此前的《中概退市：這次 “狼真會來”？別怕，不是末日！》中有過比較詳細的討論，多少有些見怪不怪了。首先，被納入 CMC 清單的直接影響只是 -- 被禁止與美國國防部及其相關方進行合作往來，但不會直接影響美國資金投資於 CMC 清單內的企業，和直接影響民間的生意往來。只有被納入 “升級版” 的 NS-CMIC 清單內的企業才會被直接禁止美國資金對其進行投資，進而對相關公司股價產生實際性影響。但該 “NS-CMIC” 名單自 21 年 12 月後就再無更新。此前，小米和騰訊也曾短暫被納入國 CMC 清單，但隨後經過上述或溝通都被移出了清單，短暫的恐慌性下跌反而給了不錯的入場機會。結合這個小動作的時間節點，和發佈後又立刻撤回的操作，海豚君當前傾向於這更多隻是美國趁着國內喜慶過年時故意 “噁心”、並試探一下中方政府的態度，為特朗普可能在 4 月的訪華談判上一些籌碼。綜上，海豚君目前覺得大概率不會有什麼實質性的影響，但也不能排除之後美國不會又再有拉扯，把撤回的公告再發布出來，保持關注吧。$Alibaba(BABA.US) $Baidu(BIDU.US)

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0122 | Dolphin Research Focus: 🐬 Macro/Industry 1) Trump announced in Davos that he and NATO Sec.-Gen. Rutte reached a framework on Greenland and the Arctic, centered on access for mineral development and Arctic defense cooperation. Both parties stated that Greenland's sovereignty was not on the table. On that basis, he deferred the tariff hikes on eight European countries that were scheduled for Feb 1.In the near term, this eases US‑EU trade frictions and lowers volatility risk for global supply chains and US/EU export plays. However, it remains only a framework with no implementing clauses, so longer‑term geopolitical and trade uncertainty persists...

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Weibo

AppLovin

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POP MART HK SDR 20to1

Allianzim US Large Cap Buffer10 Mar ETF

AppLovin firmly rejects short-seller report; BIDU debuts ERNIE 5.0 | Daily News Recap

Baidu's Net Income Plunged in Q4 2025

Baidu HK SDR 10to1 released FY2025 earnings on February 26 Pre-Market (SGT), actual revenue SGD 23.46 B (forecast SGD 23.7 B), actual EPS SGD 2.1422

Baidu HK SDR 10to1 released FY2025 Q4 earnings on February 26 Pre-Market (SGT), actual revenue SGD 6.011 B (forecast SGD 5.993 B), actual EPS SGD 0.6756

Baidu HK SDR 10to1 to Release FY2025 Q4 Earnings on February 26, 2026, Pre-Market SGT; Forecasted Revenue SGD 5.984 B

Baidu's Q3 AI Cloud Revenue up 33% YoY

Baidu's Q3 AI-driven business revenue grew over 50% YoY

Baidu HK SDR 10to1 released FY2025 Q3 earnings on November 18 Pre-Market (SGT), actual revenue SGD 5.649 B (forecast SGD 5.6 B), actual EPS SGD -6.1323

Baidu HK SDR 10to1 released FY2025 9 Months Earnings on November 18 Pre-Market (SGT), actual revenue SGD 17.46 B, actual EPS SGD 0.1841

Baidu, Inc. to Release FY2025 Q3 Earnings on November 18 Pre-Market SGT, Forecast Revenue SGD 5.648 B

Baidu HK SDR 10to1 released FY2024 Q2 earnings on August 20 Pre-Market (SGT), actual revenue SGD 6.331 B (forecast SGD 6.352 B), actual EPS SGD 2.8061

Baidu HK SDR 10to1 released FY2025 Q2 earnings on August 20 Pre-Market (SGT), actual revenue SGD 5.822 B (forecast SGD 5.858 B), actual EPS SGD 3.6163

Baidu, Inc. released FY2025 Semi-Annual Earnings on August 20 During-Market (SGT), actual revenue SGD 11.82 B, actual EPS SGD 0.9501

Baidu HK SDR 10to1 released FY2024 Semi-Annual earnings on August 20 Pre-Market (SGT), actual revenue SGD 12.22 B, actual EPS SGD 5.5857

Baidu HK SDR 10to1 released FY2025 Q1 earnings on May 21 Pre-Market SGT, actual revenue SGD 5.994 B (forecast SGD 5.727 B), actual EPS SGD 3.9894

Baidu, Inc. released FY2024 Q1 earnings on May 21 Pre-Market (SGT), actual revenue SGD 5.887 B (forecast SGD 5.865 B), actual EPS SGD 0.3474

Baidu HK SDR 10to1 released FY2023 earnings on April 28 Pre-Market (SGT), actual revenue SGD 25.33 B (forecast SGD 25.14 B), actual EPS SGD 10.3749

Baidu, Inc. released FY2022 earnings on April 28 Pre-Market (SGT), actual revenue SGD 25.19 B (forecast SGD 23.68 B), actual EPS SGD 0.5051

Baidu HK SDR 10to1 released FY2024 earnings on April 28 Pre-Market (SGT), actual revenue SGD 24.72 B (forecast SGD 24.7 B), actual EPS SGD 12.2492

Baidu HK SDR 10to1 released FY2024 Q4 earnings on April 28 Pre-Market (SGT), actual revenue SGD 6.361 B (forecast SGD 6.232 B), actual EPS SGD 2.4739

Baidu HK SDR 10to1 released FY2023 Q4 earnings on April 28 Pre-Market (SGT), actual revenue SGD 6.498 B (forecast SGD 6.523 B), actual EPS SGD 0.9954

Baidu HK SDR 10to1(HBUD.SG)

Baidu HK SDR 10to1 Stock Performance Chart