Rich way Information May 18 news, Baidu, Inc. on Tuesday before the U. S. stock market announced the 2021 Q1 financial results. The report shows that:

• Baidu, Inc. 's Q1 revenue was 28.134 billion yuan, an increase of 25% over the same period last year.

• The adjusted net profit was 4.297 billion yuan, up 39% from the same period last year.

• Diluted earnings per ADR share was RMB12.38, up 40 per cent from the same period last year.
  

• The operating profit was 2.789 billion yuan, compared with an operating loss of 437 million yuan in the same period last year.

Baidu, Inc. 's intelligent driving:

• Since its establishment in 2013, Apollo has accumulated 6.2 million miles of L4 autopilot road test and 600 million miles of simulation test mileage.

• Apollo has obtained a license to test self-driving cars on public roads in Beijing at night and in special weather. Apollo has also obtained complete self-driving test licenses in Beijing, Cangzhou, Hebei, and Changsha, Hunan.

• The Apollo Go (China's first completely driverless car) is currently available in Shougang Park, the venue of the 2022 Beijing Winter Olympic Games.

Yu Zhengjun, chief financial officer of Baidu, Inc., said:

Baidu, Inc. 's core business performed strongly in the first quarter, with revenue up 34 per cent year-on-year, thanks to a 70 per cent year-on-year increase in non-advertising revenue. We will continue to invest heavily in sales, R & D and operations to support the rapid development of our AI-driven business.

Robin Li, co-founder and CEO of Baidu, Inc., said:

Through our decade-long AI investment, we are pleased to drive innovation in multiple industries such as marketing cloud, enterprise cloud, intelligent transportation, autopilot, intelligent assistant and AI chips. As artificial intelligence drives technology to a new stage, many former Baidu, Inc. employees have rejoined us, and our employees are passionately committed to intelligent computing to improve daily life and make the complex world easier.

After the announcement of the results, as of 17:58 Beijing time, Baidu, Inc. 's US stock rose 3.74% to US $196.28 before the market opened.

Analysts expect

According to Bloomberg's consensus forecast, Baidu, Inc. 's Q1 revenue in 2021 was 27.27 billion yuan, up 21% from a year earlier, while adjusted net profit was 3.62 billion yuan, up 17.5% from a year earlier.

Attached:Baidu, Inc. Q1 performance announcement 2021. PDF