Zhihu Approves Key Resolutions in Beijing Shareholder Meeting, Sets Stage for Future Growth

Zhihu (ZH) has successfully approved key resolutions at its annual general meeting in Beijing, including the re-election of directors and authorization to issue, allocate, and repurchase Class A ordinary shares. The company's revenue fell 15.1% sequentially to RMB729.7 million, but non-GAAP net income reached RMB6.9 million, a significant improvement from an adjusted net loss of RMB135.7 million in the same period last year. The average target price for Zhihu Inc is $5.75, with an upside of 52.44% from the current price of $3.77.

Zhihu Inc. (ZH) has successfully approved key resolutions at its annual general meeting in Beijing, including the re-election of directors and authorization to issue, allocate, and repurchase Class A ordinary shares. The company's revenue fell 15.1% sequentially to RMB729.7 million, but non-GAAP net income reached RMB6.9 million, a significant improvement from an adjusted net loss of RMB135.7 million in the same period last year [1].

The annual general meeting saw the re-election of Mr. Dahai Li, Mr. Derek Chen, and Dr. Li-Lan Cheng as directors, indicating strong shareholder support and continuity in leadership. Additionally, shareholders granted the directors a general mandate to issue and repurchase Class A ordinary shares, providing the company with flexibility to raise capital and potentially boost investor confidence [1].

Despite the decline in revenue, Zhihu's non-GAAP net income improved significantly, reflecting a turnaround in financial performance. The average target price for Zhihu Inc is $5.75, with an upside of 52.44% from the current price of $3.77, indicating investor optimism about the company's future prospects [2].

References:
[1] https://www.nasdaq.com/articles/zhihu-inc-announces-adoption-shareholder-resolutions-annual-general-meeting
[2] https://seekingalpha.com/news/4461916-3-e-network-technology-files-to-sell-16_13m-class-a-ordinary-shares-for-holders