Saturday, June 11, 2022

The 20 Largest Chinese Technology Cos Reported Total Bottom-Line Earnings in Annual 2021 That Declined By 32% From That in Annual 2019, While the 20 Largest US Tech Cos Saw Their Total Bottom-Line Earnings Increase By 76% From That in 2019

The companiesmarketcap,com website identified all Technology Companies in the world by stock market cap.  From this information, I derived the 20 Largest Chinese Technology Companies reporting their earnings in Chinese Yuan and the 20 Largest US Technology Companies reporting their earnings in US Dollars.  There were two large Chinese Technology Companies that reported their earnings in only US Dollars and another one that reported in only the New Tawain Dollar. and thus all three were excluded from the first table below.

From a review of 20-F filings with the US SEC, the investing.com website and also financial statements included in Company Investor Relations websites, the  first table below shows the Consolidated Net Income (Loss) from Continuing Operations for fiscal years 2021, 2020 and 2019 for each of these 20 largest Chinese Technology Companies.

And from a review of 10-K filings with the US SEC, the second  table below shows the Consolidated Net Income (Loss) from Continuing Operations for fiscal years 2021, 2020 and 2019 for each of these 20 largest US Technology Companies.