Yu Zhengjun, CFO of Baidu: it is expected that the medical business will return to the level of last year in the third quarter
Talking about Baidu’s medical business, Yu Zhengjun said that the company’s medical business decreased by more than two digits year on year, but the recovery from the month on month ratio is very good. It is expected that with the current development rate, the medical business will recover to the level of last year in the third quarter. Piyush mubayi, Goldman Sachs analyst: a question about the company’s business recovery in the third quarter. Yu Zhengjun just mentioned that the medical business has made profits, which is very encouraging. Could you give us more details on the recovery, such as the growth rate and how to look at the growth potential in the future? In addition, the company also mentioned that other businesses have begun to recover. Can you predict how long it will take for these businesses to fully recover? How does the company judge the current macroeconomic recovery? < p > < p > Yu Zhengjun: the year-on-year decline of the company’s medical business is still more than double-digit, but the recovery from the month on month is very good. It is expected that with the current speed of development, the medical business will recover to the level of last year in the third quarter. Some other businesses also have the same development trend, so our forecast for the year-on-year growth of revenue in the third quarter is higher than that in the second quarter, and the performance of the second quarter has reached the middle value of the forecast range in the first quarter, and the growth performance of the second quarter is also higher than that of the first quarter, which is the general trend. In my opening remarks, I also mentioned that Beijing has experienced the second round of epidemic situation. The latter situation will improve, and so will the macro economy. The business recovery of the company is also based on the continuous operation of stores and the purchase of traffic from Baidu.
