BEIJING, June 30, 2021
/PRNewswire/ -- TuanChe Limited ("TuanChe," "Company," "we" or
"our") (NASDAQ: TC), a leading omni-channel automotive marketplace
in China, today announced its
unaudited financial results for the first quarter ended
March 31, 2021.
Key First Quarter 2021 Financial and Operating Metrics
Compared with the Prior Year Period
The Company's financial and operational results for the first
quarter of 2021:
- Net revenues increased by 734.7% to RMB80.9 million (US$12.3
million) from RMB9.7
million.
- Gross profit increased by 1,034.5% to RMB64.4 million (US$9.8
million) from RMB5.7 million.
Gross margin increased to 79.6% from 58.6%.
- Quarterly number of organized auto shows across China increased by 1,600.0% from six in six
cities to 102 in 93 cities. Quarterly number of special promotion
events decreased by 61.5% from 13 to 5.
- Quarterly number of automobile sale transactions facilitated
increased by 933.5% to 23,823 from 2,305. Quarterly Gross
Merchandise Volume of new automobiles sold increased by 1,000.0% to
RMB3.3 billion (US$0.5 billion) from RMB0.3 billion.
- Sales operations covered 125 cities as of March 31, 2021, compared with 126 cities as of
December 31, 2020 and 146 cities as
of March 31, 2020.
Mr. Wei Wen, Chairman and Chief
Executive Officer of TuanChe, commented, "We are pleased to see our
operational and financial metrics rebound further as we firmly
execute our omni-channel strategy and continue to benefit from the
broad economic and auto sales recovery in China as the worst of the COVID-19 pandemic is
clearly behind us. First-quarter net revenues rose to RMB80.9 million, exceeding the top end of our
guidance range once again, and representing a 734.7% increase
year-over-year. Moreover, our net loss narrowed by 70.7%
year-over-year to RMB16.6 million, a
testament to our resolve to achieve not only growth but
profitability.
"Besides deepening our collaboration with TMall and Baidu
Youjia, we also cultivated additional collaboration opportunities
by forming a strategic partnership with China Association of
Automobile Manufacturers ("CAAM"), one of the most influential
automotive organization in China,
to organize the 2021 Intelligent Connected Vehicle Exhibition and
Huimin Auto Expo, aiming to create brand new retail scenes. With
CAAM's prestigious position and extensive relationship with auto
OEMs, we are confident that we can assist more automotive OEMs and
dealers acquire customers. Similarly, we are also optimistic that
our virtual dealership and online marketing services, which
demonstrated a 494.6% year-over-year jump in net revenues, will
continue to deliver a unique and tailored online shopping
experience as we leverage our technology and extensive data.
Looking forward, we will strive to further execute our mission to
become a trailblazing omni-channel automotive marketplace with
continued efforts in marketing and online transition."
Mr. Chenxi Yu, Deputy Chief
Financial Officer of TuanChe, said, "We started off 2021 with a
solid first quarter performance as demonstrated by our robust
topline and improving profitability. We continued to streamline our
operations during the quarter, leading to a 33.2% year-over-year
reduction in general and administrative expenses to RMB16.2 million. Moving forward, we will further
finetune our investment focus and cost structure to better align
our business with the evolving consumer needs while facilitating
the digital transformation of the auto retail industry. As the
world begins to close the challenging COVID-19 chapter, we are
confident that our unique online-merge-offline value proposition
will continue to position us well to deliver sustained value for
customers, dealers and OEMs."
Recent Business Developments
As the COVID-19 pandemic has become largely under control in
China, since the end of
May 2020, the Company has gradually
resumed offline operations in some cities, with the pace of
recovery subject to the ongoing development of the COVID-19
pandemic and the associated government guidance. Recent development
of the COVID-19 pandemic in China,
such as the cases reported in Guangdong province in the second quarter of
2021, continues to generate uncertainties over the Company's
business, results of operations, financial condition and cash
flows. Furthermore, as the business operations of industry
customers have also been disrupted by the COVID-19 pandemic, the
Company continues to experience delays in collecting accounts
receivables from these customers. See "Business Outlook" for the
Company's current and preliminary views on the impact of COVID-19
on the auto market and operational conditions for the second
quarter. The Company also continues to closely monitor both the
development of the pandemic and regulatory responses and
restrictions as well as the impact on the Company's business,
results of operations, financial condition and cash flows.
Moreover, the Company has implemented and will continue to
implement measures to adjust the pace of business operations and
conserve resources and may resort to other cost cutting measures
for cash flow management.
Unaudited First Quarter 2021 Financial Results
Net Revenues
Net revenues in the first quarter of 2021 increased by 734.7% to
RMB80.9 million (US$12.3 million) from RMB9.7 million in the prior year period,
primarily due to 882.7% year-over-year increase of revenues
generated from offline marketing services to RMB58.9 million (US$9.0
million) from RMB6.0 million
in the prior year period, as well as the strong growth of revenues
generated from virtual dealerships, online marketing services and
others.
- Offline marketing services. Net revenues generated from
auto shows increased by 931.7% to RMB58.7
million (US$9.0 million) in
the first quarter of 2021 from RMB5.7
million in the prior year period, and net revenues generated
from special promotion events decreased by 30.5% to RMB0.2 million (US$32
thousand) in the first quarter of 2021 from RMB0.3 million in the prior year period. The
increase in offline marketing services primarily due to the
improvement of the pandemic situation.
- Virtual dealership, online marketing services and
others. Net revenues generated from virtual dealership, online
marketing services and others increased by 494.6% to RMB22.0 million (US$3.4
million) in the first quarter of 2021 from RMB3.7 million in the prior year period,
primarily due to our continuous expansion of live streaming events
and collaboration with Baidu Youjia and Webank.
Gross Profit
Gross profit increased by 1,034.5% to RMB64.4 million (US$9.8
million) in the first quarter of 2021 from RMB5.7 million in the prior year period. Gross
margin increased to 79.6% in the first quarter of 2021 from 58.6%
in the prior year period, primarily attributable to the change in
the revenue mix.
Total Operating Expenses and Loss from Continuing
Operations
Total operating expenses increased by 27.4% to RMB82.4 million (US$12.6
million) in the first quarter of 2021 from RMB64.6 million in the prior year period.
- Selling and marketing expenses increased by 80.3% to
RMB57.2 million (US$8.7 million) in the first quarter of 2021 from
RMB31.7 million in the prior year
period, primarily due to increases in promotion expenses and staff
compensation expenses as a result of increased volume of offline
events.
- General and administrative expenses decreased by 33.2% to
RMB16.2 million (US$2.5 million) in the first quarter of 2021 from
RMB24.3 million in the prior year
period, primarily due to decrease in staff compensation expenses,
professional services fees as well as office expenses as a result
of the cost control measures taken by the Company.
- Research and development expenses increased by 3.1% to
RMB8.9 million (US$1.4 million) in the first quarter of 2021 from
RMB8.6 million in the prior year
period, primarily due to the increased investment in developing our
online marketing services.
As a result of the foregoing, loss from continuing operations
was RMB18.0 million (US$2.7 million) in the first quarter of 2021
compared with RMB59.0 million in the
prior year period.
Net loss attributable to the Company's Shareholders and
Non-GAAP Measures
Net loss attributable to the Company's shareholders in the first
quarter of 2021 decreased by 70.7% to RMB16.6 million (US$2.5
million) from RMB56.5 million
in the prior year period. Basic and diluted loss per ordinary share
from continuing operations were both RMB0.05 (US$0.01)
in the first quarter of 2021 compared with RMB0.19 in the prior year period.
Adjusted net loss attributable to the Company's shareholders was
RMB13.0 million (US$2.0 million) in the first quarter of 2021
compared with RMB51.9 million in the
prior year period. Adjusted basic and diluted net loss per ordinary
share were both RMB0.04 (US$0.01) in the first quarter of 2021 compared
with RMB0.17 in the prior year
period. (1)
Adjusted EBITDA was a loss of RMB10.2
million (US$1.6 million) in
the first quarter of 2021 compared with a loss of RMB50.7 million in the prior year period.
(1)
(1) For details
on the calculation of and reconciliation to the nearest GAAP
measures for each of adjusted net income/(loss) attributable to the
Company's shareholders, adjusted net income/(loss) per ordinary
share and adjusted EBITDA, please refer to "Use of Non-GAAP
Financial Measures" and "Reconciliation of Non-GAAP and GAAP
Results."
|
Balance Sheet and Cash Flow
As of March 31, 2021, the Company
had RMB134.4 million (US$20.5 million) cash and cash equivalents. Net
cash used in operating activities in the first quarter of 2021 was
RMB37.0 million (US$5.6 million) compared with net cash used in
operating activities of RMB75.2
million in the prior year period.
Business Outlook
For the second quarter of 2021, the Company expects net revenues
to range from approximately RMB120.0
million to RMB130.0 million,
representing a year-over-year approximate increase of 119.2% to
137.5%. This is primarily attributable to the improvement of the
pandemic situation.
This forecast reflects the Company's current and preliminary
views on the market and operational conditions as well as the
influence of the COVID-19 pandemic, which are subject to
change.
Exchange Rate
This press release contains translations of certain Renminbi
amounts into U.S. dollars at specified rates solely for the
convenience of readers. Unless otherwise noted, all translations
from Renminbi to U.S. dollars, in this press release, were made at
a rate of RMB6.5518 to US$1.00, the noon buying rate in effect on
March 31, 2021 in the City of New York for cable transfers in
Renminbi per U.S. dollar as certified for customs purposes by the
Federal Reserve Bank of New York.
No representation is made that the Renminbi amounts could have
been, or could be, converted, realized or settled into U.S. dollars
at that rate on March 31, 2021, or at
any other rate.
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements include,
without limitation, the Company's business plans and development,
business outlook, as well as the length and severity of the
COVID-19 pandemic and its impact on the Company's business and
industry, which can be identified by terminology such as "may,"
"will," "expect," "anticipate," "aim," "estimate," "intend,"
"plan," "believe," "potential," "continue," "is/are likely to" or
other similar expressions. Such statements are based upon
management's current expectations and current market and operating
conditions, and relate to events that involve known or unknown
risks, uncertainties and other factors, all of which are difficult
to predict and many of which are beyond the Company's control.
Further information regarding these and other risks, uncertainties
or factors is included in the Company's filings with the U.S.
Securities and Exchange Commission. The Company does not undertake
any obligation to update any forward-looking statement as a result
of new information, future events or otherwise, except as required
under law.
Use of Non-GAAP Financial Measures
To supplement the Company's condensed consolidated quarterly
financial information which are presented in accordance with U.S.
GAAP, the Company also uses adjusted net income/(loss) attributable
to the Company's shareholders, adjusted net income/(loss) per
ordinary share and adjusted EBITDA as additional non-GAAP financial
measures. The Company presents these non-GAAP financial measures
because they are used by the Company's management to evaluate its
operating performance. The Company also believes that these
non-GAAP financial measures provide useful information to investors
and others in understanding and evaluating the Company's
consolidated results of operations in the same manner as its
management and in comparing financial results across accounting
periods and to those of the Company's peer companies.
The Company defines adjusted net income/(loss) as net
income/(loss) excluding the impact of share-based compensation
expenses and fair value loss of guarantee liability. The Company
defines adjusted net income/(loss) per ordinary share as adjusted
net income/(loss) divided by the weighted average number of
ordinary shares. The Company defines adjusted EBITDA as net
income/(loss) excluding the impact of depreciation and
amortization, interest income/(expenses), net, share-based
compensation expenses and fair value loss of guarantee liability.
The Company believes that these non-GAAP financial measures provide
useful information to investors and others in understanding and
evaluating the Company's operating results. These non-GAAP
financial measures are adjusted for the impact of items that the
Company does not consider indicative of the operational performance
of the Company's business, and should not be considered in
isolation or construed as an alternative to net income/(loss) or
any other measure of performance or as an indicator of the
Company's operating performance.
In addition, the non-GAAP financial measures are not defined
under U.S. GAAP and are not presented in accordance with U.S. GAAP.
The non-GAAP financial measures have limitations as analytical
tools. One of the key limitations of using these non-GAAP financial
measures is that they do not reflect all items of income and
expense that affect the Company's operations. Interest income or
expenses, depreciation and amortization, share-based compensation
expenses and fair value loss of guarantee liability have been and
may continue to be incurred in the Company's business and are not
reflected in the presentation of these non-GAAP measures. Further,
these non-GAAP financial measures may not be comparable to
similarly titled measures presented by other companies. Other
companies may calculate similarly titled measures differently,
limiting their usefulness as comparative measures to the Company's
data. The Company encourages investors and others to review the
Company's financial information in its entirety and not rely on a
single financial measure. Investors are encouraged to compare the
historical non-GAAP financial measures with the most directly
comparable GAAP measures.
About TuanChe
Founded in 2010, TuanChe Limited (NASDAQ: TC) is a leading
omni-channel automotive marketplace in China. TuanChe offers services to connect
automotive consumers with various industry players such as
automakers, dealers and other automotive service providers. TuanChe
provides automotive marketing and transaction related services by
integrating its online platforms with offline sales events. Through
its integrated marketing solutions, TuanChe turns individual and
isolated automobile purchase transactions into large-scale
collective purchase activities by creating an interactive
many-to-many environment. TuanChe also provides virtual dealership
services by connecting automakers and franchised dealerships with
secondary dealers, which ultimately helps automakers penetrate and
expand into lower-tier cities. Furthermore, leveraging its
proprietary data analytics and advanced digital marketing system,
TuanChe's online marketing service platform helps industry
customers increase the efficiency and effectiveness of their
advertising placements. For more information, please contact
ir@tuanche.com.
For investor and media inquiries, please contact:
TuanChe Limited
Chenxi Yu
Tel: +86 (10) 6398-2942
Email: ir@tuanche.com
The Piacente Group, Inc.
Brandi Piacente
Tel: +1 (212) 481-2050
Email: tuanche@tpg-ir.com
Yang Song
Tel: +86 (10) 6508-0677
Email: tuanche@tpg-ir.com
TUANCHE
LIMITED
|
CONDENSED
CONSOLIDATED BALANCE SHEETS
|
(Amount in
thousands, except as noted)
|
|
|
|
As
of
|
|
|
December 31,
2020
|
|
March 31,
2021
|
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
(Audited)
|
|
(Unaudited)
|
|
(Unaudited)
|
ASSETS
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
109,916
|
|
134,397
|
|
20,513
|
Restricted
cash
|
|
29,829
|
|
18,147
|
|
2,770
|
Time
deposits
|
|
45,674
|
|
-
|
|
-
|
Accounts receivable,
net
|
|
66,126
|
|
61,505
|
|
9,387
|
Prepayment and other
current assets
|
|
59,856
|
|
64,515
|
|
9,847
|
Total current
assets
|
|
311,401
|
|
278,564
|
|
42,517
|
Non–current
assets:
|
|
|
|
|
|
|
Property, equipment
and software, net
|
|
5,708
|
|
5,378
|
|
821
|
Intangible
assets
|
|
21,821
|
|
20,788
|
|
3,173
|
Operating lease
right-of-use assets, net(2)
|
|
10,801
|
|
9,406
|
|
1,436
|
Long-term
investments
|
|
8,949
|
|
3,890
|
|
594
|
Goodwill
|
|
115,414
|
|
115,414
|
|
17,616
|
Other non-current
assets
|
|
313
|
|
313
|
|
48
|
Total non–current
assets
|
|
163,006
|
|
155,189
|
|
23,688
|
Total
assets
|
|
474,407
|
|
433,753
|
|
66,205
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
Accounts
payable
|
|
21,794
|
|
17,973
|
|
2,743
|
Advances from
customers
|
|
21,466
|
|
15,153
|
|
2,313
|
Salary and welfare
benefits payable
|
|
57,996
|
|
42,400
|
|
6,472
|
Short-term
borrowings
|
|
-
|
|
5,000
|
|
763
|
Other taxes
payable
|
|
22,992
|
|
22,039
|
|
3,364
|
Current portion of
deferred revenue
|
|
4,054
|
|
6,074
|
|
927
|
Short-term operating
lease liabilities(2)
|
|
5,911
|
|
4,953
|
|
756
|
Guarantee
liabilities
|
|
387
|
|
1,799
|
|
276
|
Other current
liabilities
|
|
41,564
|
|
34,845
|
|
5,318
|
Total current
liabilities
|
|
176,164
|
|
150,236
|
|
22,932
|
Non–current
liabilities:
|
|
|
|
|
|
|
Non-current portion of
deferred revenue
|
|
185
|
|
848
|
|
129
|
Deferred tax
liability
|
|
5,451
|
|
5,193
|
|
793
|
Long-term operating
lease liabilities(2)
|
|
4,048
|
|
2,971
|
|
453
|
Other non–current
liabilities
|
|
1,498
|
|
1,380
|
|
210
|
Total non-current
liabilities
|
|
11,182
|
|
10,392
|
|
1,585
|
Total
liabilities
|
|
187,346
|
|
160,628
|
|
24,517
|
Shareholders'
equity:
|
|
|
|
|
|
|
Class A ordinary
shares
|
|
181
|
|
181
|
|
28
|
Class B ordinary
shares
|
|
35
|
|
35
|
|
5
|
Treasury
stock
|
|
(45,886)
|
|
(45,886)
|
|
(7,004)
|
Additional paid-in
capital
|
|
1,221,339
|
|
1,223,454
|
|
186,736
|
Accumulated
deficit
|
|
(881,700)
|
|
(898,259)
|
|
(137,101)
|
Accumulated other
comprehensive loss
|
|
(5,805)
|
|
(5,297)
|
|
(808)
|
Total equity
attributable to equity shareholders of
the company
|
|
288,164
|
|
274,228
|
|
41,856
|
Non-controlling
interests
|
|
(1,103)
|
|
(1,103)
|
|
(168)
|
Total
shareholders'
equity
|
|
287,061
|
|
273,125
|
|
41,688
|
TOTAL LIABILITIES
AND SHAREHOLDERS' EQUITY
|
|
474,407
|
|
433,753
|
|
66,205
|
|
(2) In February
2016, the Financial Accounting Standards Board issued ASU No.
2016-02, Leases ("ASU
2016-02"). Under the new provisions, all lessees will report a
right-of-use asset and a liability for the
obligation to make payments for all leases with the exception of
those leases with a term of 12 months or
less. The Company adopted this guidance effective December 31, 2020
using the modified retrospective
method, with the comparative information not being restated and
continues to be reported under the
accounting standards in effect for those periods. The most
significant impact upon adoption was the
recognition of right-of-use assets and lease liabilities for
operating lease related to office buildings.
|
TUANCHE
LIMITED
|
CONSOLIDATED
STATEMENTS OF OPERATIONS
|
(Amount in
thousands, except share and per share data)
|
|
|
|
For the three
months ended March 31,
|
|
|
2020
|
|
2021
|
|
|
RMB
Unaudited
|
|
RMB
Unaudited
|
|
US$
Unaudited
|
Continuing
operations
Net
revenues
|
|
|
|
|
|
|
Offline Marketing
Services:
|
|
|
|
|
|
|
Auto
shows
|
|
5,690
|
|
58,702
|
|
8,960
|
Special
promotion events
|
|
305
|
|
212
|
|
32
|
Virtual dealership,
online marketing services and others
|
|
3,696
|
|
21,977
|
|
3,354
|
Total net
revenues
|
|
9,691
|
|
80,891
|
|
12,346
|
|
|
|
|
|
|
|
Cost of
revenues
|
|
(4,014)
|
|
(16,484)
|
|
(2,516)
|
|
|
|
|
|
|
|
Gross
profit
|
|
5,677
|
|
64,407
|
|
9,830
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
Selling
and marketing expenses
|
|
(31,737)
|
|
(57,231)
|
|
(8,736)
|
General
and administrative expenses
|
|
(24,300)
|
|
(16,238)
|
|
(2,478)
|
Research
and development expenses
|
|
(8,633)
|
|
(8,897)
|
|
(1,358)
|
Total operating
expenses
|
|
(64,670)
|
|
(82,366)
|
|
(12,572)
|
Loss from
continuing operations
|
|
(58,993)
|
|
(17,959)
|
|
(2,742)
|
Other
expenses:
|
|
|
|
|
|
|
Interest
income, net
|
|
967
|
|
422
|
|
64
|
Exchange
gains
|
|
720
|
|
102
|
|
16
|
Investment
loss
|
|
(167)
|
|
(159)
|
|
(24)
|
Others,
net
|
|
590
|
|
777
|
|
119
|
Loss from
continuing operations before income taxes
|
|
(56,883)
|
|
(16,817)
|
|
(2,567)
|
Income
tax expense
|
|
352
|
|
258
|
|
40
|
Net loss from
continuing operations
|
|
(56,531)
|
|
(16,559)
|
|
(2,527)
|
Net
loss
|
|
(56,531)
|
|
(16,559)
|
|
(2,527)
|
Net loss
attributable to the TuanChe Limited's shareholders
|
|
(56,515)
|
|
(16,559)
|
|
(2,527)
|
Net loss
attributable to the NCI
|
|
(16)
|
|
-
|
|
-
|
Net
loss
|
|
(56,531)
|
|
(16,559)
|
|
(2,527)
|
Other
comprehensive (loss)/income:
|
|
|
|
|
|
|
Foreign currency
translation adjustments
|
|
882
|
|
508
|
|
77
|
Total other
comprehensive (loss)/income
|
|
882
|
|
508
|
|
77
|
Total
comprehensive loss
|
|
(55,649)
|
|
(16,051)
|
|
(2,450)
|
Comprehensive loss
attributable to:
|
|
|
|
|
|
|
Equity shareholders of
the company
|
|
(55,633)
|
|
(16,051)
|
|
(2,450)
|
Non-controlling
interests
|
|
(16)
|
|
-
|
|
-
|
Net loss
attributable to the TuanChe Limited's ordinary
shareholders per share from continuing
operations
|
|
|
|
|
|
|
Basic
|
|
(0.19)
|
|
(0.05)
|
|
(0.01)
|
Diluted
|
|
(0.19)
|
|
(0.05)
|
|
(0.01)
|
Weighted average
number of ordinary shares
|
|
|
|
|
|
|
Basic
|
|
301,868,105
|
|
305,850,448
|
|
305,850,448
|
Diluted
|
|
301,868,105
|
|
305,850,448
|
|
305,850,448
|
TUANCHE
LIMITED
|
RECONCILIATION OF
NON-GAAP AND GAAP RESULTS
|
(Amount in
thousands, except share and per share data)
|
|
|
|
For the three
months ended March 31,
|
|
|
2020
|
|
2021
|
|
|
RMB
Unaudited
|
|
RMB
Unaudited
|
|
US$
Unaudited
|
Net
loss
|
|
(56,531)
|
|
(16,559)
|
|
(2,527)
|
Add:
|
|
|
|
|
|
|
Depreciation and
amortization
|
|
2,138
|
|
3,227
|
|
493
|
Subtract:
|
|
|
|
|
|
|
Interest income,
net
|
|
967
|
|
422
|
|
64
|
EBITDA
|
|
(55,360)
|
|
(13,754)
|
|
(2,098)
|
Add:
|
|
|
|
|
|
|
Share-based
compensation expenses
|
|
4,656
|
|
2,111
|
|
322
|
Fair value loss of
guarantee liability
|
|
-
|
|
1,412
|
|
216
|
Adjusted
EBITDA
|
|
(50,704)
|
|
(10,231)
|
|
(1,560)
|
|
|
|
|
|
|
|
Net
loss
|
|
(56,531)
|
|
(16,559)
|
|
(2,527)
|
Add:
|
|
|
|
|
|
|
Share-based
compensation expenses
|
|
4,656
|
|
2,111
|
|
322
|
Fair value loss of
guarantee liability
|
|
-
|
|
1,412
|
|
216
|
Adjusted net
loss
|
|
(51,875)
|
|
(13,036)
|
|
(1,989)
|
Adjusted net loss
attributable to the Company's
shareholders
|
|
(51,859)
|
|
(13,036)
|
|
(1,989)
|
Adjusted net loss
attributable to NCI
|
|
(16)
|
|
-
|
|
-
|
Weighted average
number of ordinary shares
|
|
|
|
|
|
|
Basic
|
|
301,868,105
|
|
305,850,448
|
|
305,850,448
|
Diluted
|
|
301,868,105
|
|
305,850,448
|
|
305,850,448
|
Adjusted net loss
per share from continuing
operations
|
|
|
|
|
|
|
Basic
|
|
(0.17)
|
|
(0.04)
|
|
(0.01)
|
Diluted
|
|
(0.17)
|
|
(0.04)
|
|
(0.01)
|
|
|
|
|
|
|
|
View original
content:https://www.prnewswire.com/news-releases/tuanche-announces-unaudited-first-quarter-2021-financial-results-301322974.html
SOURCE TuanChe Limited