Monday, August 8, 2022
NEWS ZHIT
  • Home
  • World
  • Business
  • Politics
  • Health
  • Finance
  • Economics
  • Sports
  • Science & Technology
  • Entertainment
  • Fashion
  • Travel
No Result
View All Result
  • Home
  • World
  • Business
  • Politics
  • Health
  • Finance
  • Economics
  • Sports
  • Science & Technology
  • Entertainment
  • Fashion
  • Travel
No Result
View All Result
News Zhit
No Result
View All Result
Home Finance

TuanChe Announces Unaudited Third Quarter 2020 Financial Results

newsz by newsz
December 18, 2020
in Finance
0
Marizyme, Inc. Expands Executive Team, Board of Directors
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter


BEIJING, Dec. 18, 2020 /PRNewswire/ — TuanChe Restricted (“TuanChe,” “Firm,” “we” or “our”) (NASDAQ: TC), a number one omni-channel automotive market in China, right this moment introduced its unaudited monetary outcomes for the third quarter ended September 30, 2020.

Key Third Quarter 2020 Monetary and Working Metrics In contrast with the Prior 12 months Interval

The Firm’s monetary and operational outcomes for the third quarter of 2020 continued to be adversely impacted by the COVID-19 pandemic:

  • Internet revenues decreased by 26.2% to RMB100.0 million (US$14.7 million) from RMB135.6 million.
  • Gross revenue decreased by 22.6% to RMB72.1 million (US$10.6 million) from RMB93.2 million. Gross margin elevated to 72.1% from 68.7%.
  • Quarterly variety of organized auto reveals throughout China decreased by 28.3% from 212 in 150 cities to 152 in 107 cities. Quarterly variety of particular promotion occasions decreased by 66.7% from 192 to 64.
  • Quarterly variety of car sale transactions facilitated decreased by 36.2% to 48,995 from 76,798. Quarterly Gross Merchandise Quantity of latest vehicles bought decreased by 33.3% to RMB7.0 billion (US$1.0 billion) from RMB10.5 billion.
  • Gross sales operations lined 129 cities as of September 30, 2020, in contrast with 134 cities as of June 30, 2020 and 148 cities as of September 30, 2019.

First 9 Months 2020 Monetary and Working Metrics In contrast with the Prior 12 months Interval

  • Internet revenues decreased by 64.4% to RMB164.5 million (US$24.2 million) from RMB462.0 million.
  • Gross revenue decreased by 63.0% to RMB120.8 million (US$17.8 million) from RMB326.1 million. Gross margin elevated to 73.5% from 70.6%.
  • The variety of auto reveals organized throughout the first 9 months of 2020 decreased by 70.2% to 219 in 133 cities from 734 auto reveals in 233 cities throughout China. The variety of particular promotion occasions organized throughout the first 9 months of 2020 decreased by 56.4% to 156 from 358.
  • The variety of car gross sales transactions facilitated throughout the first 9 months of 2020 decreased by 71.8% to 70,956 from 251,883, and the Gross Merchandise Quantity of latest vehicles bought throughout the first 9 months of 2020 decreased by 70.6% to RMB10.0 billion (US$1.5 billion) from RMB34.0 billion.

Mr. Wei Wen, Chairman and Chief Government Officer of TuanChe, commented, “We’re happy to report third quarter outcomes that demonstrated our momentum in rebuilding revenues and decreasing web losses within the wake of the extreme market circumstances caused by COVID-19 earlier within the 12 months. Our web revenues had been RMB100.0 million, 26.2% decrease in contrast with the identical quarter final 12 months, but bettering 82.7% over the second quarter primarily pushed by restoration of offline advertising and marketing providers as our gradual resumption of offline auto reveals that started in Might is making regular progress. Along with the sequential quarter-over-quarter restoration of income, we additional mitigated our web loss to RMB41.2 million, in contrast with RMB47.5 million in the identical quarter final 12 months.

“If there’s a silver-lining to the ravages of the pandemic it has been the exceptional development within the digital financial system. Our on-line providers, together with reside streaming occasions, are benefitting from this development as we acknowledge constructive income contribution from this phase. Within the third quarter, web revenues generated from digital dealership, on-line advertising and marketing providers and others elevated by 160.9% to RMB15.4 million. A key issue on this space has been the collaborative partnerships we have established with TMall and Baidu Youjia, the auto phase of the large Baidu portal. By these engagements we not solely change into a part of their ecosystems contributing worth by way of sturdy OEM and vendor relationships, but in addition acquire important publicity for our occasions by way of their in depth attain and acquire useful consumer information and perception. In additional creating our digital choices inside the space of automotive advertising and marketing, we see a transparent pathway to growing alternatives that play to our strengths in multi-channeled automotive transaction facilitation.

“Core to our price proposition is aiding automotive OEMs and sellers in optimizing their advertising and marketing efforts, consumer acquisition methods and conversion charges to create a procuring and shopping for expertise for purchasers that’s clean, pure and easy. With the multitude of dynamic forces that are actually quickly reshaping the business, we’re assured that drawing on our years of honed experience and executing our multi-pronged methods will place us to ship sustained shareholder worth within the long-term” Mr. Wen concluded. 

Mr. Chenxi Yu, Deputy Chief Monetary Officer of TuanChe, added, “Towards the backdrop of a recovering client market we’re happy to ship top-line restoration over the second quarter and average the year-over-year lower, supported by rising offline market actions and the sturdy efficiency of our on-line segments. Sustaining the energy within the prior quarter, web revenues from digital dealership, on-line advertising and marketing providers and others grew 160.9% year-over-year. Moreover, we repeatedly executed rigorous price and expense management measures. With these measures, we had been capable of register an elevated gross margin to 72.1% and a 21.4% discount of complete working bills year-over-year, in addition to obtain backside line enchancment. As we glance by way of to the top of the 12 months, we’re constructing on this momentum and additional strengthening the service capabilities that function the muse of our distinctive omni-channel platform. We’re in an excellent place to have the ability to seize long-term prospects within the altering business and supply actual advantages to all in our price chain.”

Current Enterprise Developments

Because the COVID-19 pandemic has change into largely below management in China, for the reason that finish of Might 2020, the Firm has progressively resumed offline operations in some cities, with the tempo of restoration topic to the continued improvement of the COVID-19 pandemic and the related authorities steering. Current improvement of the COVID-19 pandemic in China, such because the instances reported in Xinjiang Uygur Autonomous Area and Dalian metropolis within the third quarter and within the metropolis of Qingdao in October, in addition to potential risk of a second wave of COVID-19 within the fourth quarter globally, continues to generate uncertainties over the Firm’s enterprise, outcomes of operations, monetary situation and money flows. Moreover, because the enterprise operations of business clients have additionally been disrupted by the COVID-19 pandemic, the Firm continues to expertise delays in accumulating accounts receivables from these clients and recorded an elevated dangerous debt expense because of liquidity problems with sure clients. See “Enterprise Outlook” for the Firm’s present and preliminary views on the affect of COVID-19 on the auto market and operational circumstances for the fourth quarter. The Firm additionally continues to carefully monitor each the event of the pandemic and regulatory responses and restrictions in addition to the affect on the Firm’s enterprise, outcomes of operations, monetary situation and money flows. Furthermore, the Firm has applied and will proceed to implement measures to regulate the tempo of enterprise operations and preserve sources and will resort to different prices slicing measures for money circulate administration.

Unaudited Third Quarter 2020 Monetary Outcomes

Internet Revenues

Internet revenues within the third quarter of 2020 decreased by 26.2% to RMB100.0 million (US$14.7 million) from RMB135.6 million within the prior 12 months interval, primarily because of a 34.8% year-over-year lower of revenues generated from offline advertising and marketing providers to RMB84.6 million (US$12.5 million) from RMB129.7 million within the prior 12 months interval, and partially offset by the sturdy development of revenues generated from digital dealerships, on-line advertising and marketing providers and others.

  • Offline advertising and marketing providers. Internet revenues generated from auto reveals decreased by 33.2% to RMB82.6 million (US$12.2 million) within the third quarter of 2020 from RMB123.6 million within the prior 12 months interval, and web revenues generated from particular promotion occasions decreased by 67.1% to RMB2.0 million (US$293 thousand) within the third quarter of 2020 from RMB6.0 million within the prior 12 months interval, primarily because of the hostile impacts of the COVID-19 pandemic.
  • Digital dealership, on-line advertising and marketing providers and others. Internet revenues generated from digital dealership, on-line advertising and marketing providers and others elevated by 160.9% to RMB15.4 million (US$2.3 million) within the third quarter of 2020 from RMB5.9 million within the prior 12 months interval, primarily because of our steady enlargement of reside streaming occasions and collaboration with Baidu Youjia and Webank.

Gross Revenue

Gross revenue decreased by 22.6% to RMB72.1 million (US$10.6 million) within the third quarter of 2020 from RMB93.2 million within the prior 12 months interval. Gross margin elevated to 72.1% within the third quarter of 2020 from 68.7% within the prior 12 months interval, primarily attributable to the change within the income combine.

Complete Working Bills and Loss from Persevering with Operations

Complete working bills decreased by 21.4% to RMB114.7 million (US$16.9 million) within the third quarter of 2020 from RMB146.0 million within the prior 12 months interval.

  • Promoting and advertising and marketing bills decreased by 15.8% to RMB91.6 million (US$13.5 million) within the third quarter of 2020 from RMB108.8 million within the prior 12 months interval, primarily because of decreases in promotion bills and workers compensation bills because of management measures taken by the Firm and decreased offline occasions.
  • Basic and administrative bills decreased by 36.3% to RMB15.9 million (US$2.3 million) within the third quarter of 2020 from RMB25.0 million within the prior 12 months interval, primarily because of the lower in workers compensation bills.
  • Analysis and improvement bills decreased by 41.3% to RMB7.1 million (US$1.1 million) within the third quarter of 2020 from RMB12.2 million within the prior 12 months interval, primarily because of the lower in workers compensation bills.

On account of the foregoing, loss from persevering with operations was RMB42.6 million (US$6.3 million) within the third quarter of 2020 in contrast with RMB52.8 million within the prior 12 months interval.

Internet loss attributable to the Firm’s Shareholders and Non-GAAP Measures

Internet loss attributable to the Firm’s shareholders within the third quarter of 2020 decreased by 11.9% to RMB41.2 million (US$6.1 million) from RMB46.8 million within the prior 12 months interval. Primary and diluted loss per peculiar share from persevering with operations had been each RMB0.13 (US$0.02) within the third quarter of 2020 in contrast with RMB0.16 within the prior 12 months interval.

Adjusted web loss attributable to the Firm’s shareholders was RMB38.3 million (US$5.6 million) within the third quarter of 2020 in contrast with RMB36.9 million within the prior 12 months interval. Adjusted primary and diluted web loss per peculiar share had been each RMB0.13 (US$0.02) within the third quarter of 2020 in contrast with RMB0.13 within the prior 12 months interval. (1)

Adjusted EBITDA was a lack of RMB37.0 million (US$5.5 million) within the third quarter of 2020 in contrast with a lack of RMB37.9 million within the prior 12 months interval. (1)

(1)  For particulars on the calculation of and reconciliation to the closest GAAP measures for every of adjusted web earnings/(loss) attributable to the Firm’s shareholders, adjusted web earnings/(loss) per peculiar share and adjusted EBITDA, please discuss with “Use of Non-GAAP Monetary Measures” and “Reconciliation of Non-GAAP and GAAP Outcomes.”

Steadiness Sheet and Money Stream

As of September 30, 2020, the Firm had RMB78.8 million (US$11.6 million) money and money equivalents, RMB95.3 million (US$14.0 million) time deposits, and RMB8.9 million (US$1.3 million) short-term funding which was extremely liquid, collectively RMB183.0 million (US$27.0 million). Internet money utilized in working actions within the third quarter of 2020 was RMB6.9 million (US$1.0 million) in contrast with web money utilized in working actions of RMB55.7 million within the prior 12 months interval.

Unaudited First 9 Months 2020 Monetary Outcomes

Internet Revenues

Internet revenues within the first 9 months of 2020 decreased by 64.4% to RMB164.5 million (US$24.2 million) from RMB462.0 million within the prior 12 months interval, primarily because of a 71.8% year-over-year lower in income generated from offline advertising and marketing providers to RMB125.5 million (US$18.5 million) from RMB445.7 million within the prior 12 months interval, partially offset by the accelerated development of latest enterprise initiatives, equivalent to reside streaming occasions and collaboration with Baidu Youjia and Webank, that are included in digital dealership and on-line advertising and marketing providers.

  • Offline advertising and marketing providers. Revenues generated from auto reveals within the first 9 months of 2020 decreased by 71.9% to RMB121.7 million (US$17.9 million) from RMB433.0 million within the prior 12 months interval, and revenues generated from particular promotion occasions within the first 9 months of 2020 decreased by 70.1% to RMB3.8 million (US$0.6 million) from RMB12.6 million within the prior 12 months interval, primarily because of the hostile impacts of the COVID-19 pandemic.
  • Digital dealership, on-line advertising and marketing providers and others. Income generated from digital dealership, on-line advertising and marketing providers and others elevated considerably to RMB39.0 million (US$5.7 million) within the first 9 months of 2020 from RMB16.3 million within the prior 12 months interval, primarily because of our steady enlargement of reside streaming occasions and collaboration with Baidu Youjia and Webank.

Gross Revenue

Gross revenue within the first 9 months of 2020 decreased by 63.0% to RMB120.8 million (US$17.8 million) from RMB326.1 million within the prior 12 months interval. Gross margin elevated to 73.5% within the first 9 months of 2020 from 70.6% within the prior 12 months interval, primarily attributable to the change within the income combine.

Complete Working Bills and Loss from Persevering with Operations

Complete working bills within the first 9 months of 2020 decreased by 49.0% to RMB264.2 million (US$38.9 million) from RMB518.1 million within the prior 12 months interval.

  • Promoting and advertising and marketing bills within the first 9 months of 2020 decreased by 58.3% to RMB171.9 million (US$25.3 million) from RMB412.4 million within the prior 12 months interval, primarily because of the decreases in workers compensation and promotion bills because of price management measures taken by the Firm and decreased offline occasions.
  • Basic and administrative bills within the first 9 months of 2020 decreased by 10.2% to RMB68.3 million (US$10.1 million) from RMB76.1 million within the prior 12 months interval, primarily because of the lower in workers compensation bills.
  • Analysis and improvement bills within the first 9 months of 2020 decreased by 18.7% to RMB24.0 million (US$3.5 million) from RMB29.6 million within the prior 12 months interval, primarily because of the lower in workers compensation bills.

Loss from persevering with operations was RMB143.4 million (US$21.1 million) within the first 9 months of 2020 in comparison with RMB191.9 million within the prior 12 months interval.

Internet loss attributable to the Firm’s Shareholders and Non-GAAP Measures

Internet loss attributable to the Firm’s shareholders within the first 9 months of 2020 was RMB137.7 million (US$20.3 million) in comparison with RMB182.9 million within the prior 12 months interval. Primary and diluted loss per peculiar share from persevering with operations had been each RMB0.45(US$0.07) within the first 9 months of 2020 in comparison with RMB0.62 within the prior 12 months interval.

Adjusted web loss attributable to the Firm’s shareholders was RMB122.9 million (US$18.1 million) within the first 9 months of 2020 in comparison with an adjusted web lack of RMB81.6 million within the prior 12 months interval. Adjusted primary and diluted loss per peculiar share had been each RMB0.40(US$0.06) within the first 9 months of 2020 in comparison with adjusted primary and diluted earnings per peculiar share, which had been each RMB0.28 within the prior 12 months interval. (1)

Adjusted EBITDA was a lack of RMB119.8 million (US$17.6 million) within the first 9 months of 2020 in comparison with an adjusted EBITDA of RMB86.1 million within the prior 12 months interval. (1)

(1)  For particulars on the calculation of and reconciliation to the closest GAAP measures for every of adjusted web earnings/(loss) attributable to the Firm’s shareholders, adjusted web earnings/(loss) per peculiar share and adjusted EBITDA, please discuss with “Use of Non-GAAP Monetary Measures” and “Reconciliation of Non-GAAP and GAAP Outcomes.”

Enterprise Outlook

For the fourth quarter of 2020, the Firm expects web revenues to vary from roughly RMB145.0 million to RMB155.0 million, representing a year-over-year approximate lower of 20.7% to fifteen.2%. That is primarily attributable to the estimated declining variety of offline occasions that’s anticipated to be held within the fourth quarter of 2020 (together with auto reveals and particular promotion occasions) because of the COVID-19 pandemic.

This forecast displays the Firm’s present and preliminary views in the marketplace and operational circumstances in addition to the affect of the COVID-19 pandemic, that are topic to vary.

Share Repurchase Program

On June 17, 2019, TuanChe introduced that its board of administrators had approved a share repurchase program of as much as US$20.0 million value of the Firm’s ADSs for a interval to not exceed 12 months and starting on June 17, 2019. The Firm had repurchased 427,738 ADSs for roughly US$2.0 million below this program.

Convention Name Info

TuanChe’s administration will maintain a convention name on Friday, December 18, 2020, at 7:30 A.M. Jap Time or 8:30 P.M. Beijing Time on the identical day to debate the monetary outcomes. Listeners might entry the decision by dialing the next numbers: 

Worldwide:

+1-412-902-4272

US Toll Free:

+1-888-346-8982

Mainland China:

400-120-1203

Hong Kong, China:

800-905-945

The replay will likely be accessible by way of December 25, 2020, by dialing the next numbers:

Worldwide: 

+1-412-317-0088

US Toll Free:

+1-877-344-7529

Entry Code:

10150388

A reside and archived webcast of the convention name may also be obtainable on the Firm’s investor relations web site at http://ir.tuanche.com/.  

Trade Charge

This press launch comprises translations of sure Renminbi quantities into U.S. {dollars} at specified charges solely for the comfort of readers. Except in any other case famous, all translations from Renminbi to U.S. {dollars}, on this press launch, had been made at a fee of RMB6.7896 to US$1.00, the midday shopping for fee in impact on September 30, 2020 within the Metropolis of New York for cable transfers in Renminbi per U.S. greenback as licensed for customs functions by the Federal Reserve Financial institution of New York. No illustration is made that the Renminbi quantities might have been, or could possibly be, transformed, realized or settled into U.S. {dollars} at that fee on September 30, 2020, or at some other fee.

Protected Harbor Assertion

This announcement comprises forward-looking statements inside the which means of Part 21E of the Securities Trade Act of 1934, as amended, and as outlined within the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements embrace, with out limitation, the Firm’s enterprise plans and improvement, enterprise outlook, in addition to the size and severity of the COVID-19 pandemic and its affect on the Firm’s enterprise and business, which might be recognized by terminology equivalent to “might,” “will,” “anticipate,” “anticipate,” “purpose,” “estimate,” “intend,” “plan,” “imagine,” “potential,” “proceed,” “is/are prone to” or different comparable expressions. Such statements are based mostly upon administration’s present expectations and present market and working circumstances, and relate to occasions that contain identified or unknown dangers, uncertainties and different elements, all of that are tough to foretell and lots of of that are past the Firm’s management. Additional data concerning these and different dangers, uncertainties or elements is included within the Firm’s filings with the U.S. Securities and Trade Fee. The Firm doesn’t undertake any obligation to replace any forward-looking assertion because of new data, future occasions or in any other case, besides as required below regulation.

Use of Non-GAAP Monetary Measures

To complement the Firm’s condensed consolidated quarterly monetary data that are offered in accordance with U.S. GAAP, the Firm additionally makes use of adjusted web earnings/(loss) attributable to the Firm’s shareholders, adjusted web earnings/(loss) per peculiar share and adjusted EBITDA as further non-GAAP monetary measures. The Firm presents these non-GAAP monetary measures as a result of they’re utilized by the Firm’s administration to judge its working efficiency. The Firm additionally believes that these non-GAAP monetary measures present helpful data to buyers and others in understanding and evaluating the Firm’s consolidated outcomes of operations in the identical method as its administration and in evaluating monetary outcomes throughout accounting durations and to these of the Firm’s peer firms.

The Firm defines adjusted web earnings/(loss) as web earnings/(loss) excluding the affect of share-based compensation bills and impairment of funding. The Firm defines adjusted web earnings/(loss) per peculiar share as adjusted web earnings/(loss) divided by the weighted common variety of peculiar shares. The Firm defines adjusted EBITDA as web earnings/(loss) excluding the affect of depreciation and amortization, curiosity earnings/(bills), web, share-based compensation bills and impairment of funding. The Firm believes that these non-GAAP monetary measures present helpful data to buyers and others in understanding and evaluating the Firm’s working outcomes. These non-GAAP monetary measures are adjusted for the affect of things that the Firm doesn’t think about indicative of the operational efficiency of the Firm’s enterprise, and shouldn’t be thought-about in isolation or construed as an alternative choice to web earnings/(loss) or some other measure of efficiency or as an indicator of the Firm’s working efficiency.

As well as, the non-GAAP monetary measures will not be outlined below U.S. GAAP and will not be offered in accordance with U.S. GAAP. The non-GAAP monetary measures have limitations as analytical instruments. One of many key limitations of utilizing these non-GAAP monetary measures is that they don’t replicate all gadgets of earnings and expense that have an effect on the Firm’s operations. Curiosity earnings or bills, depreciation and amortization, share-based compensation bills and impairment of funding have been and will proceed to be incurred within the Firm’s enterprise and will not be mirrored within the presentation of those non-GAAP measures. Additional, these non-GAAP monetary measures is probably not similar to equally titled measures offered by different firms. Different firms might calculate equally titled measures otherwise, limiting their usefulness as comparative measures to the Firm’s information. The Firm encourages buyers and others to overview the Firm’s monetary data in its entirety and never depend on a single monetary measure. Buyers are inspired to match the historic non-GAAP monetary measures with probably the most straight comparable GAAP measures. 

About TuanChe

Based in 2010, TuanChe Restricted (NASDAQ: TC) is a number one omni-channel automotive market in China. TuanChe affords providers to attach automotive customers with varied business gamers equivalent to automakers, sellers and different automotive service suppliers. TuanChe supplies automotive advertising and marketing and transaction associated providers by integrating its on-line platforms with offline gross sales occasions. By its built-in advertising and marketing options, TuanChe turns particular person and remoted car buy transactions into large-scale collective buy actions by creating an interactive many-to-many surroundings. TuanChe additionally supplies digital dealership providers by connecting automakers and franchised dealerships with secondary sellers, which finally helps automakers penetrate and develop into lower-tier cities. Moreover, leveraging its proprietary information analytics and superior digital advertising and marketing system, TuanChe’s on-line advertising and marketing service platform helps business clients enhance the effectivity and effectiveness of their promoting placements. For extra data, please contact [email protected].  

For investor and media inquiries, please contact:

TuanChe Restricted
Cynthia Tan
Tel: +86 (10) 6398-6232
Electronic mail: [email protected]

The Piacente Group, Inc.
Brandi Piacente
Tel: +1 (212) 481-2050
Electronic mail: [email protected]

Yang Track
Tel: +86 (10) 6508-0677
Electronic mail: [email protected]

TUANCHE LIMITED
CONDENSED CONSOLIDATED BALANCE SHEETS

(Quantity in 1000’s, besides as famous)




As of



December 31, 2019


Sept 30, 2020



RMB


RMB


US$



(Audited)


(Unaudited)


(Unaudited)

ASSETS







Present belongings:







Money and money equivalents


193,920


78,778


11,603

Restricted money


1,529


9,202


1,355

Quick-term investments


–


8,900


1,311

Time deposits


69,762


95,341


14,042

Accounts receivable, web


72,391


48,566


7,153

Prepayment and different present belongings


193,782


83,766


12,337

Complete present belongings


531,384


324,553


47,801

Non–present belongings:







Property, gear and software program, web


20,360


6,574


968

Intangible belongings


–


22,854


3,366

Lengthy-term investments


7,874


8,912


1,313

Goodwill


–


115,414


17,002

Different non-current belongings


7,577


313


46

Complete non–present belongings


35,811


154,067


22,695

Complete belongings


567,195


478,620


70,496

LIABILITIES AND SHAREHOLDERS’ EQUITY







Present liabilities:







Accounts payable


5,825


4,463


657

Advances from clients


4,805


30,539


4,498

Quick-term borrowings


–


3,000


442

Wage and welfare advantages payable


68,025


55,976


8,244

Different taxes payable


22,494


22,488


3,312

Present portion of deferred income


–


6,326


932

Assure liabilities


–


154


23

Different present liabilities


40,913


33,184


4,888

Complete present liabilities 


142,062


156,130


22,996

Non–present liabilities:







Deferred income


–


1,058


156

Deferred tax legal responsibility


–


5,709


841

Different non–present liabilities


2,158


1,700


251

Complete non-current liabilities


2,158


8,467


1,248

Complete liabilities


144,220


164,597


24,244

Shareholders’ fairness:







Class A peculiar shares


173


181


27

Class B peculiar shares


35


35


5

Treasury inventory


(47,888)


(47,241)


(6,959)

Extra paid-in capital


1,187,577


1,218,659


179,491

Collected deficit


(718,666)


(856,333)


(126,124)

Collected different complete earnings/(loss)


2,403


(497)


(73)

Complete fairness attributable to fairness shareholders of
  the corporate


423,634


314,804


46,367

Non-controlling pursuits


(659)


(781)


(115)

Complete shareholders’ fairness       


422,975


314,023


46,252

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY


567,195


478,620


70,496

TUANCHE LIMITED
CONSOLIDATED STATEMENTS OF OPERATIONS

(Quantity in 1000’s, besides share and per share information)






For the three months ended September 30,




2019


2020




RMB

Unaudited


RMB

Unaudited


US$

Unaudited


Persevering with operations

Internet revenues








Offline Advertising and marketing Providers:








   Auto reveals


123,631


82,616


12,168


   Particular promotion occasions


6,036


1,988


293


Digital dealership, on-line advertising and marketing providers and others


5,913


15,425


2,272


Complete web revenues


135,580


100,029


14,733










Price of revenues


(42,377)


(27,926)


(4,113)










Gross revenue


93,203


72,103


10,620










Working bills:








   Promoting and advertising and marketing bills


(108,801)


(91,628)


(13,495)


   Basic and administrative bills


(25,049)


(15,944)


(2,348)


   Analysis and improvement bills


(12,182)


(7,145)


(1,052)


Complete working bills


(146,032)


(114,717)


(16,895)


Loss from persevering with operations


(52,829)


(42,614)


(6,275)


Different bills:








   Curiosity earnings, web


1,240


540


80


   Trade acquire/(loss)


515


(323)


(48)


Funding earnings


278


287


42


   Others, web


3,320


670


99


Loss from persevering with operations earlier than earnings taxes


(47,476)


(41,440)


(6,102)


   Earnings tax expense


–


258


38


Internet loss from persevering with operations


(47,476)


(41,182)


(6,064)


Internet loss


(47,476)


(41,182)


(6,064)


Internet loss attributable to TuanChe Restricted’s shareholders


(46,757)


(41,182)


(6,064)


Internet loss attributable to NCI


(719)


–


–


Internet loss


(47,476)


(41,182)


(6,064)


Different complete earnings/(loss):








Overseas foreign money translation changes


6,828


(3,776)


(556)


Complete different complete earnings/(loss)


6,828


(3,776)


(556)


Complete complete loss


(40,648)


(44,958)


(6,620)


Complete loss attributable to:








Fairness shareholders of the corporate


(39,929)


(44,958)


(6,620)


Non-controlling pursuits


(719)


–


–


Internet loss attributable to TuanChe Restricted’s peculiar
  shareholders per share from persevering with operations








   Primary


(0.16)


(0.13)


(0.02)


   Diluted


(0.16)


(0.13)


(0.02)


Weighted common variety of peculiar shares








   Primary


293,839,627


305,552,839


305,552,839


   Diluted


293,839,627


305,552,839


305,552,839


TUANCHE LIMITED
CONSOLIDATED STATEMENTS OF OPERATIONS

(Quantity in 1000’s, besides share and per share information)






For the 9 months ended September 30,




2019


2020




RMB

Unaudited


RMB

Unaudited


US$

Unaudited


Persevering with operations

Internet revenues








Offline Advertising and marketing Providers:








   Auto reveals


433,006


121,677


17,921


   Particular promotion occasions


12,645


3,775


556


Digital dealership, on-line advertising and marketing providers and others


16,311


39,016


5,746


Complete web revenues


461,962


164,468


24,223










Price of revenues


(135,816)


(43,642)


(6,428)










Gross revenue


326,146


120,826


17,795










Working bills:








   Promoting and advertising and marketing bills


(412,444)


(171,942)


(25,324)


   Basic and administrative bills


(76,051)


(68,267)


(10,055)


   Analysis and improvement bills


(29,554)


(24,033)


(3,540)


Complete working bills


(518,049)


(264,242)


(38,919)


Loss from persevering with operations


(191,903)


(143,416)


(21,124)


Different bills:








   Curiosity earnings, web


5,953


1,991


293


   Trade (loss)/ acquire


(424)


267


39


Funding (loss)/acquire


(797)


339


50


   Impairment of funding


(1,000)


–


–


   Others, web


4,425


2,256


332


Loss from persevering with operations earlier than earnings taxes


(183,746)


(138,563)


(20,410)


   Earnings tax expense


–


774


114


Internet loss from persevering with operations


(183,746)


(137,789)


(20,296)


Internet loss


(183,746)


(137,789)


(20,296)


Internet loss attributable to TuanChe Restricted’s shareholders


(182,946)


(137,667)


(20,278)


Internet loss attributable to NCI


(800)


(122)


(18)


Internet loss


(183,746)


(137,789)


(20,296)


Different complete earnings/(loss):








Overseas foreign money translation changes


8,244


(2,900)


(427)


Complete different complete earnings/(loss)


8,244


(2,900)


(427)


Complete complete loss


(175,502)


(140,689)


(20,723)


Complete loss attributable to:








Fairness shareholders of the corporate


(174,702)


(140,567)


(20,705)


Non-controlling pursuits


(800)


(122)


(18)


Internet loss attributable to TuanChe Restricted’s peculiar
  shareholders per share from persevering with operations








   Primary


(0.62)


(0.45)


(0.07)


   Diluted


(0.62)


(0.45)


(0.07)


Weighted common variety of peculiar shares








   Primary


295,182,891


304,004,138


304,004,138


   Diluted


295,182,891


304,004,138


304,004,138



 

TUANCHE LIMITED
RECONCILIATION OF NON-GAAP AND GAAP RESULTS

(Quantity in 1000’s, besides share and per share information)




For the three months ended September 30,



2019


2020



RMB

Unaudited


RMB

Unaudited


US$

Unaudited

Internet loss


(47,476)


(41,182)


(6,064)

Add :







Depreciation and amortization


944


1,788


263

Subtract:







Curiosity earnings, web


1,240


540


80

EBITDA


(47,772)


(39,934)


(5,881)

Add :







Share-based compensation bills


9,891


2,918


430

Adjusted EBITDA


(37,881)


(37,016)


(5,451)








Internet loss


(47,476)


(41,182)


(6,064)

Add :







Share-based compensation bills


9,891


2,918


430

Adjusted web loss


(37,585)


(38,264)


(5,634)

Adjusted web loss attributable to the Firm’s shareholders


(36,866)


(38,264)


(5,634)

Adjusted web loss attributable to NCI


(719)


–


–








Weighted common variety of peculiar shares







   Primary


293,839,627


305,552,839


305,552,839

   Diluted


293,839,627


305,552,839


305,552,839

Adjusted web loss per share from persevering with operations







   Primary


(0.13)


(0.13)


(0.02)

   Diluted


(0.13)


(0.13)


(0.02)

















 

TUANCHE LIMITED
RECONCILIATION OF NON-GAAP AND GAAP RESULTS

(Quantity in 1000’s, besides share and per share information)




For the 9 months ended September 30,



2019


2020



RMB

Unaudited


RMB

Unaudited


US$

Unaudited

Internet loss


(183,746)


(137,789)


(20,296)

Add :







Depreciation and amortization


2,342


5,234


771

Subtract:







Curiosity earnings, web


5,953


1,991


293

EBITDA


(187,357)


(134,546)


(19,818)

Add :







Share-based compensation bills


100,300


14,765


2,175

Impairment of funding


1,000


–


–

Adjusted EBITDA


(86,057)


(119,781)


(17,643)








Internet loss


(183,746)


(137,789)


(20,296)

Add :







Share-based compensation bills


100,300


14,765


2,175

Impairment of funding


1,000


–


–

Adjusted web loss


(82,446)


(123,024)


(18,121)

Adjusted web loss attributable to the Firm’s shareholders


(81,646)


(122,902)


(18,103)

Adjusted web loss attributable to NCI


(800)


(122)


(18)








Weighted common variety of peculiar
  shares







   Primary


295,182,891


304,004,138


304,004,138

   Diluted


295,182,891


304,004,138


304,004,138

Adjusted web loss per share from
  persevering with operations







   Primary


(0.28)


(0.40)


(0.06)

   Diluted


(0.28)


(0.40)


(0.06)

SOURCE TuanChe Restricted

Associated Hyperlinks

www.tuanche.com



Source link

Tags: announcesfinancialQuarterResultsTuanCheUnaudited
newsz

newsz

Related Posts

Employers fail without financial wellness benefits
Finance

Employers fail without financial wellness benefits

March 3, 2021
Senate Finance Committee split on HHS nominee Becerra in tie vote
Finance

Senate Finance Committee split on HHS nominee Becerra in tie vote

March 3, 2021
German financial watchdog BaFin imposes a moratorium on Greensill Bank – Yahoo Finance
Finance

German financial watchdog BaFin imposes a moratorium on Greensill Bank – Yahoo Finance

March 3, 2021
Next Post
BOBBLEHAUS OPENS “THE SECRET GARDEN” BROOKLYN POP-UP IN PARTNERSHIP WITH LA CASA ARTHOUSE

BOBBLEHAUS OPENS “THE SECRET GARDEN” BROOKLYN POP-UP IN PARTNERSHIP WITH LA CASA ARTHOUSE

Maria Sharapova engaged | Entertainment News

Maria Sharapova engaged | Entertainment News

What the Biden Presidency Means for US Economic Policy by Michael J. Boskin

What the Biden Presidency Means for US Economic Policy by Michael J. Boskin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Marizyme, Inc. Expands Executive Team, Board of Directors

RMI, Energy Transitions Commission, We Mean Business, and World Economic Forum Co-Launch Mission Possible Partnership to Help Transform Heavy Industry and Transport

2 years ago
Toys for Tots seeking gifts, donations amid tough economic times

Toys for Tots seeking gifts, donations amid tough economic times

2 years ago
AP Top Entertainment News at 6:33 a.m. EST

China to hold annual parliament meeting on March 5

2 years ago
Dane DeHaan: I prefer working with women | Entertainment News

Dane DeHaan: I prefer working with women | Entertainment News

2 years ago

Categories

  • Business
  • Economics
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Politics
  • Science & Technology
  • Sports
  • Travel
  • World

Topics

announces BBC Biden business businesses City Coronavirus County COVID COVID19 economic Entertainment Fashion finance financial Global health high Jobs latest LIVE Local Million National News pandemic Political Politics recovery Report school Science small Sports state Stories technology Top Travel Trump UPDATES vaccine Week world Year
No Result
View All Result

Highlights

Resolution to close Playa del Rey gas facility advanced by LA City Council committee – Daily News

John Cox Named Chief Growth Officer at SprintRay

Changes To March-In Rights Under Bayh-Dole And More? | Goodwin

New Science Indicates Mars’ Water Didn’t Escape to Space – It’s Trapped in the Red Planet’s Crust

CO2 electrotransformation into value-added chemicals in ionic liquid-based electrolytes

A Harvard Astronomer Said It’s Alien Technology – Now Scientists Think They Found the True Origin of Strange Interstellar Object

Trending

Glass crystallization making red phosphor for high-power warm white lighting
Science & Technology

Glass crystallization making red phosphor for high-power warm white lighting

by newsz
March 18, 2021
0

IMAGE: (a), MgO-Al2O3-SiO2 ternary glass section diagram, exhibiting the glass chemical composition situates at cordierite (chemical components...

Cummings says Covid response held back by EU and ‘smoking ruin’ department

Cummings says Covid response held back by EU and ‘smoking ruin’ department

March 18, 2021
Resolution to close Playa del Rey gas facility advanced by LA City Council committee – Daily News

Resolution to close Playa del Rey gas facility advanced by LA City Council committee – Press Telegram

March 18, 2021
Resolution to close Playa del Rey gas facility advanced by LA City Council committee – Daily News

Resolution to close Playa del Rey gas facility advanced by LA City Council committee – Daily News

March 18, 2021
John Cox Named Chief Growth Officer at SprintRay

John Cox Named Chief Growth Officer at SprintRay

March 18, 2021

Recent News

Glass crystallization making red phosphor for high-power warm white lighting

Glass crystallization making red phosphor for high-power warm white lighting

March 18, 2021
Cummings says Covid response held back by EU and ‘smoking ruin’ department

Cummings says Covid response held back by EU and ‘smoking ruin’ department

March 18, 2021
Resolution to close Playa del Rey gas facility advanced by LA City Council committee – Daily News

Resolution to close Playa del Rey gas facility advanced by LA City Council committee – Press Telegram

March 18, 2021

Category

  • Business
  • Economics
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Politics
  • Science & Technology
  • Sports
  • Travel
  • World

Follow Us

Contact Us

  • About Us
  • Contact Us
  • Privacy & Policy
  • Cookie Policy
  • Amazon Disclosure

© 2020 News Zhit

No Result
View All Result
  • Home
  • World
  • Business
  • Politics
  • Health
  • Finance
  • Economics
  • Sports
  • Science & Technology
  • Entertainment
  • Fashion
  • Travel

© 2020 News Zhit