BEIJING, March 16, 2015 /PRNewswire/ -- Jumei
International Holding Limited (NYSE: JMEI) ("Jumei" or the
"Company"), China's leading online
retailer of beauty products, today announced its unaudited
financial results for the fourth quarter and full year ended
December 31, 2014. The Company will
host a conference call to discuss the results at 8:30 AM U.S. Eastern Daylight Time on
March 17, 2015 (8:30 PM China time on the same day).
Fourth Quarter 2014 Highlights
- Total net GMV[1] decreased by 3.0% year-over-year to
US$235.2 million, primarily due to a
decrease in total orders[2], partially offset by an
increase in the number of active customers[3].
- Net revenues increased by 18.5% year-over-year to US$166.0 million.
- The number of active customers increased by 2.1% year-over-year
to 4.8 million.
- The number of total orders decreased by 5.9% from the same
period last year to 9.6 million.
- Gross profit as a percentage of net revenues decreased to 30.4%
from 42.6% in the same period of 2013. Gross profit as a percentage
of total net GMV decreased to 21.4% from 24.6% in the same period
of 2013. The decreases were primarily due to the Company's shift in
strategy from beauty product marketplace sales to merchandise sales
that started in September 2014.
- Net income attributable to Jumei's ordinary shareholders
increased to US$10.7 million from a
net loss attributable to Jumei's ordinary shareholder of
US$15.5 million in the same period of
2013. Net margin attributable to Jumei's ordinary shareholders was
6.4%, compared with negative 11.0% in the same period of 2013.
- Non-GAAP net income attributable to Jumei's ordinary
shareholders[4] was US$11.7
million, a decrease of 25.5% from the same period of 2013.
Non-GAAP net margin attributable to Jumei's ordinary
shareholders[5] was 7.0%, compared with 11.2% in
the same period of 2013.
Full Year 2014 Highlights
- Total net GMV increased by 30.9% year-over-year to US$1.07 billion, primarily due to the increases
in the number of active customers and total orders.
- Net revenues increased by 31.0% year-over-year to US$632.9 million.
- The number of active customers increased by 26.7%
year-over-year to 13.3 million.
- Total orders increased by 18.3% year-over-year to 42.6
million.
- Gross profit as a percentage of net revenues decreased to 39.5%
from 41.3% in 2013. Gross profit as a percentage of total net GMV
decreased to 23.4% from 24.5% in 2013. The decreases were primarily
due to the Company's shift in strategy from beauty product
marketplace sales to merchandise sales that started in September 2014.
- Net income attributable to Jumei's ordinary shareholders was
US$56.0 million, compared with
US$15.8 million in 2013. Net margin
attributable to Jumei's ordinary shareholders was 8.8%, compared
with 3.3% in 2013.
- Non-GAAP net income[6] was US$72.3 million, compared with US$57.8 million in 2013. Non-GAAP net income
attributable to Jumei's ordinary shareholders was US$62.4 million, compared with US$48.6 million in 2013. Non-GAAP net margin
attributable to Jumei's ordinary shareholders was 9.9%, compared
with 10.1% in 2013.
[1]
|
"Net GMV" means the
sum of (i) net revenues generated from merchandise sales, and (ii)
net revenues generated from marketplace services plus corresponding
payables to third-party merchants;
|
[2]
|
"Total orders" means
the total number of orders placed during a period, excluding
rejected or returned orders;
|
[3]
|
"Active customer"
means a customer that made at least one purchase during a specified
period;
|
[4]
|
"Non-GAAP net income
attributable to Jumei's ordinary shareholders" is a non-GAAP
financial measure defined as net income attributable to Jumei's
ordinary shareholders excluding share-based compensation expenses.
See "Use of Non-GAAP Financial Measures" and "Unaudited
Reconciliation of GAAP and Non-GAAP Results".
|
[5]
|
"Non-GAAP net margin
attributable to Jumei's ordinary shareholders" is a non-GAAP
financial measure defined as Non-GAAP net income attributable to
Jumei's ordinary shareholders divided by net revenues. See "Use of
Non-GAAP Financial Measures."
|
[6]
|
"Non-GAAP net income"
is a non-GAAP financial measure defined as net income excluding
share-based compensation expenses. See "Use of Non-GAAP Financial
Measures."
|
Mr. Leo
Chen, founder and CEO of Jumei, stated, "We are pleased to
report a solid recovery of our business as we record our eleventh
consecutive quarter of profitability on a non-GAAP basis.
While fourth quarter 2014 was a full transitional quarter during
which we no longer had beauty product marketplace business, we are
very encouraged by the strong first quarter 2015 outlook that we
are able to share with you today. The particularly strong
sequential and year-on-year net revenue guidance indicates a strong
recovery driven by Jumei Global which witnessed rapid growth from
late December 2014. Not only were we
able to fully replace former beauty product marketplace SKUs with
Jumei Global, we were also able to achieve what we believe is
best-in-class quality control and customer satisfaction. Jumei
passed every test with a 100% authenticity rating during multiple
e-commerce product sampling tests performed by State Administration
for Industry and Commerce in 2014. In a report published on
March 13, 2015 by the China e-Business Research Center, a well-known
independent e-commerce research firm, Jumei was among the two
e-commerce companies out of 20 that achieved five star status and
the highest levels of customer satisfaction in 2014. The report was
based on a large sample size of approximately 100,000 customer
feedback.
By offering direct purchase from brand, competitive pricing and
fast delivery speed, Jumei Global is currently the largest cross
border ecommerce platform in China
and a crucial part of Jumei's growth strategy in 2015. "
Unaudited Fourth Quarter 2014 Financial Results
Total net revenues were US$166.0
million, an increase of 18.5% from US$140.1 million in the fourth quarter of 2013.
The increase was primarily attributable to the increase in the
number of active customers and the shift from beauty product
marketplace sales to merchandise sales.
Gross profit was US$50.4
million, a decrease of 15.4% from US$59.6 million in the fourth quarter of 2013.
Gross profit as a percentage of net revenues decreased to 30.4%
from 42.6% in the same period of 2013. Gross profit from
merchandise sales as a percentage of net GMV of merchandise sales
decreased to 25.3% from 31.9% in the same period of 2013, and gross
profit as a percentage of net GMV decreased to 21.4% from 24.6% in
the same period of 2013. The decrease was primarily due to the
shift from beauty product marketplace sales to merchandise
sales.
Total operating expenses were US$46.4 million, a decrease of 34.6% from
US$70.9 million in the fourth quarter
of 2013. Operating expenses as a percentage of total net GMV
decreased to 19.7% from 29.3% in the same period of 2013. The
decrease was mainly due to a one-time share-based compensation
expense of US$30.2 million incurred
in the fourth quarter of 2013, but none in the fourth quarter of
2014.
- Fulfillment expenses were US$14.8 million, a decrease of 15.9% from
US$17.6 million in the same period of
2013. Fulfillment expenses as a percentage of total net GMV
decreased to 6.3% from 7.3% in the same period of 2013. The decline
was primarily due to a percentage decrease of fulfilled orders over
total orders.
- Marketing expenses were US$19.9 million, an increase of 20.8% from
US$16.5 million in the same period of
2013. Marketing expenses as a percentage of total net GMV increased
to 8.5% from 6.8% in the same period of 2013. The increase was
primarily a result of the higher number of marketing campaigns and
brand promotion activities that Jumei launched during the quarter,
and reflects the Company's efforts to grow its customer base and
further promotion.
- Technology and content expenses were US$7.1 million, an increase of 115.3% from
US$3.3 million in the same period of
2013. Technology and content expenses as a percentage of total net
GMV increased to 3.0% from 1.4% in the same period of 2013. The
significant increase reflects Jumei's continuous investments in its
information technology platform and the Company's commitment to
attract top research and development talent in order to provide
better technology-enabled services to both consumers and
merchants.
- General and administrative expenses were
US$4.6 million, a decrease of
86.3% from US$33.5 million in the
same period of 2013. General and administrative expenses as a
percentage of total net GMV decreased to 1.9% from 13.8% in the
same period of 2013. The significant decrease was mainly due to a
decrease in related share-based compensation expenses, which
declined to US$0.6 million in the
fourth quarter 2014 from US$30.5
million in the same period in 2013. The fourth quarter of
2013 included a one-time share-based compensation expense of
US$30.2 million.
Income from operations was US$4.0
million, a significant increase from a loss from operations
of US$11.3 million in the same period
of 2013.
Non-GAAP income from operations, which excludes
US$1.0 million in share-based
compensation expenses, was US$5.0
million, a decrease of 74.8% from US$19.8 million in the same period of 2013.
Net income attributable to Jumei's ordinary shareholders
was US$10.7 million, which compares
with a net loss attributable to Jumei's ordinary shareholders of
US$15.5 million in the same period of
2013, primarily due to the one-time share-based compensation
expense of US$30.2 million in 2013,
and the conversion of the Company's preferred shares into ordinary
shares at the completion of our initial public offering in
May 2014. Net margin attributable to
Jumei's ordinary shareholders increased to 6.4% from negative 11.0%
in the same period of 2013. Net income per basic and diluted ADS
attributable to Jumei's ordinary shareholders were both
US$0.07, compared with net loss per
basic and diluted ADS attributable to Jumei's ordinary shareholders
of both US$0.24 for the same period of 2013.
Non-GAAP net income attributable to Jumei's ordinary
shareholders, which excludes share-based compensation expenses,
was US$11.7 million, a decrease of
25.5% from US$15.7 million in the
same period of 2013. Non-GAAP net margin attributable to Jumei's
ordinary shareholders decreased to 7.0% from 11.2% in the same
period of 2013. Non-GAAP net income per basic and diluted ADS
attributable to Jumei's ordinary shareholders were both
US$0.08, compared with both
US$0.25 in the same period of
2013.
Full Year 2014 Financial Results
Net GMV increased by 30.9% year-over-year to US$1.07 billion, primarily due to a 26.7%
increase in the number of active customers and an 18.3% increase in
total orders.
Net revenues increased by 31.0% year-over-year to US$632.9 million, primarily driven by the
increases in active customers and total orders.
The number of active customers was 13.3 million, an increase of
26.7% from 10.5 million in 2013.
The number of total orders was 42.6 million, an increase of
18.3% from 36.0 million in 2013.
Gross profit increased by 25.3% to US$250.2 million from US$199.7 million in 2013. Gross margin decreased
slightly to 39.5% from 41.3% in the prior year.
Income from operations increased to US$59.4 million from US$38.3 million in the prior year. Operating
margin was 9.4% compared with 7.9% in the prior year.
Non-GAAP income from operations was US$65.7 million, compared with US$71.1 million in the prior year. Non-GAAP
operating margin was 10.4%, compared with 14.7% in the prior
year.
Net income attributable to Jumei's ordinary shareholders was
US$56.0 million, compared with
US$15.8 million in the prior year.
Net margin attributable to Jumei's ordinary shareholders was 8.8%,
compared with 3.3% in the prior year.
Net income per basic and diluted ADS
attributable to Jumei's ordinary shareholders were US$0.49 and US$0.45, compared with US$0.27 and US$0.19
in the prior year.
Non-GAAP net income was US$72.3
million, compared with US$57.8
million in the prior year. Non-GAAP net income attributable
to Jumei's ordinary shareholders was US$62.4
million, compared with US$48.6
million in the prior year. Non-GAAP net margin attributable
to Jumei's ordinary shareholders was 9.9%, compared with 10.1% in
the prior year.
Non-GAAP net income per basic and
diluted ADS attributable to Jumei's ordinary shareholders were
US$0.54 and US$0.50, compared with US$0.82 and US$0.58
in the prior year.
Balance Sheet
As of December 31, 2014, the
Company had cash and cash equivalents of US$165.4 million, and short-term investments of
US$412.6 million.
Business Outlook
For the first quarter of 2015, the Company expects total net
revenues to be between US$224.5 million and
US$232.3 million, representing a year-over-year growth rate
of approximately 45% to 50%.
These forecasts reflect the Company's current and preliminary
view, which is subject to change.
Conference Call
Jumei's management will host a conference call on Tuesday, March 17, 2015 at 8:30 a.m. U.S. Eastern Daylight Time
(8:30 p.m. Beijing/Hong Kong Time on the same day) to
discuss the financial results.
The dial-in details for the earnings conference call are as
follows:
Hong Kong:
|
800-908-575 (Toll
Free)
|
|
3056-2688
(Toll/Mobile)
|
|
|
China:
|
800-803-6152 (Toll
Free)
|
|
400-603-9021
(Toll/Mobile)
|
|
|
USA:
|
1-877-679-2987 (Toll
Free)
|
|
646-502-5131
(Toll/Mobile)
|
|
|
UK:
|
0800-376-2927 (Toll
Free)
|
|
020-7660-2114
(Toll/Mobile)
|
|
|
Participant PIN
Code:
|
887327#
|
Please dial in 10 minutes before the call is scheduled to begin
and provide the passcode to join the call.
A telephone replay of the call will be available after the
conclusion of the conference call through 12:00 a.m. U.S. Eastern Standard Time,
April 14, 2015. The dial-in details
for the replay are as follows:
Hong Kong and
International:
|
852-3060-0238
|
USA:
|
1-866-345-5132
|
Passcode:
|
214732#
|
A live and archived webcast of the conference call will be
available on the Investor Relations section of Jumei's website at
http://jumei.investorroom.com/.
Use of Non-GAAP Financial Measures
To supplement the consolidated financial statements presented in
accordance with the United States Generally Accepted Accounting
Principles ("GAAP"), Jumei uses non-GAAP income from operations,
non-GAAP net income, non-GAAP net income attributable to Jumei's
ordinary shareholders, non-GAAP operating margin, non-GAAP net
margin attributable to Jumei's ordinary shareholders, and non-GAAP
net income per ADS attributable to Jumei's ordinary shareholders,
by excluding share-based compensation expenses from operating
profit, net income and net income attributable to the Company's
shareholders, respectively. The Company believes these non-GAAP
financial measures are important to help investors understand
Jumei's operating and financial performance, compare business
trends among different reporting periods on a consistent basis and
assess Jumei's core operating results, as they exclude certain
expenses that are not expected to result in cash payments. The use
of the above non-GAAP financial measures has certain limitations.
Share-based compensation expenses have been and will continue to be
incurred in the future and are not reflected in the presentation of
the non-GAAP financial measures, but should be considered in the
overall evaluation of Jumei's results. The Company compensates for
these limitations by providing the relevant disclosure of its
share-based compensation expenses in the reconciliations to the
most directly comparable GAAP financial measures, which should be
considered when evaluating Jumei's performance. These non-GAAP
financial measures should be considered in addition to financial
measures prepared in accordance with GAAP, but should not be
considered a substitute for, or superior to, financial measures
prepared in accordance with GAAP. Reconciliation of each of these
non-GAAP financial measures to the most directly comparable GAAP
financial measure is set forth at the end of this release.
About Jumei International Holding Limited
Jumei (NYSE: JMEI) is China's
No. 1 online retailer of beauty products as measured by gross
merchandise volume, with a market share of 22.1% in 2013, according
to a commissioned research report by Frost & Sullivan. Jumei's
internet platform is a trusted destination for consumers to
discover and purchase branded beauty products, fashionable apparel
and other lifestyle products through the Company's jumei.com
website and mobile application. Leveraging its deep understanding
of customer needs and preferences, as well as its strong
merchandizing capabilities, Jumei has adopted multiple effective
sales formats to encourage product purchases on its platform,
including curated sales, online shopping mall and flash sales.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates" and similar statements. Among other things,
the business outlook and quotations from management in this
announcement, as well as Jumei's strategic and operational plans,
contain forward-looking statements. Jumei may also make written or
oral forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission ("SEC") on Forms 20-F and 6-K,
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about Jumei's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: the Company's goals and strategies; the
Company's future business development, results of operations and
financial condition; the expected growth of the Company's curated
sales, online shopping mall and flash sales in China; the expected growth of Jumei Global,
the Company's ability to attract and retain new customers and
to increase revenues generated from repeat customers; its ability
to obtain the authorization of more exclusive products; its
expectations regarding demand for and market acceptance of its
products and services; trends and competition in China's online retailers of beauty products;
fluctuations in general economic and business conditions in
China and assumptions underlying
or related to any of the foregoing. Further information regarding
these and other risks is included in Jumei's filings with the SEC,
including its registration statement on Form F-1, as amended. All
information provided in this press release and in the attachments
is as of the date of this press release, and Jumei does not
undertake any obligation to update any forward-looking statement,
except as required under applicable law.
For investor and media inquiries, please contact:
Jumei International Holding Limited
Mr. Sterling Song
Investor Relations Director
Phone: +86-10-5676-6983
kans@jumei.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com
JUMEI
INTERNATIONAL HOLDING LIMITED
|
UNAUDITED
CONDENSED CONSOLIDATED BALANCE SHEETS
|
(U.S. dollars in
thousands, except share data and per share data)
|
|
|
|
|
|
|
|
December 31,
2013
|
|
December 31,
2014
|
|
|
US$
|
|
US$
|
|
|
|
|
|
ASSETS
|
|
|
|
|
Current
assets:
|
|
|
|
|
Cash and cash
equivalents
|
|
111,402
|
|
165,407
|
Short-term
investments
|
|
4,100
|
|
412,555
|
Loan
receivables
|
|
-
|
|
2,533
|
Accounts receivable,
net
|
|
2,807
|
|
4,403
|
Inventories
|
|
32,653
|
|
101,613
|
Advances to
suppliers
|
|
22,343
|
|
8,759
|
Prepayments and other
current assets
|
|
9,289
|
|
32,852
|
Deferred tax
assets
|
|
292
|
|
424
|
Total current
assets
|
|
182,886
|
|
728,546
|
Non-current assets:
|
|
|
|
|
Property, equipment
and software, net
|
|
5,394
|
|
8,289
|
Intangible assets,
net
|
|
36
|
|
18
|
Goodwill
|
|
2,320
|
|
2,320
|
Deferred tax
assets
|
|
2,706
|
|
1,497
|
Other non-current
assets
|
|
1,969
|
|
2,645
|
Total non-current
assets
|
|
12,425
|
|
14,769
|
Total
assets
|
|
195,311
|
|
743,315
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
Accounts
payable
|
|
88,766
|
|
145,442
|
Amount due to related
parties
|
|
280
|
|
-
|
Advances from
customers
|
|
4,506
|
|
11,070
|
Short-term
loan
|
|
-
|
|
1,611
|
Tax payable
|
|
16,264
|
|
13,661
|
Accrued expenses and
other current liabilities
|
|
9,835
|
|
20,169
|
Total
current liabilities
|
|
119,651
|
|
191,953
|
Non-current
liabilities
|
|
|
|
|
Other non-current
liabilities
|
|
-
|
|
843
|
Total
non-current liabilities
|
|
-
|
|
843
|
Total
liabilities
|
|
119,651
|
|
192,796
|
Mezzanine
Equity
|
|
|
|
|
Series A-1 Redeemable
Preferred
Shares
|
|
647
|
|
-
|
Series A-2 Redeemable
Preferred
Shares
|
|
8,854
|
|
-
|
Series B Redeemable
Preferred
Shares
|
|
7,683
|
|
-
|
Total mezzanine
equity
|
|
17,184
|
|
-
|
|
|
|
|
|
Shareholders'
equity:
|
|
|
|
|
Ordinary
shares
|
|
20
|
|
36
|
Additional paid-in
capital
|
|
32,652
|
|
459,108
|
Statutory
reserves
|
|
449
|
|
451
|
Retained
earnings
|
|
24,238
|
|
89,404
|
Accumulated other
comprehensive income
|
|
1,117
|
|
1,260
|
Jumei's
shareholders' equity
|
|
58,476
|
|
550,259
|
Noncontrolling
interests
|
|
-
|
|
260
|
Total
shareholders' equity
|
|
58,476
|
|
550,519
|
Total
liabilities, mezzanine equity and shareholders'
equity
|
|
195,311
|
|
743,315
|
|
|
|
|
|
JUMEI
INTERNATIONAL HOLDING LIMITED
|
UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/
(LOSS)
|
(U.S. dollars in
thousands, except share data and per share data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three
months ended
|
|
For the twelve
months ended
|
|
|
December 31,
2013
|
|
September 30,
2014
|
|
December 31,
2014
|
|
December 31,
2013
|
|
December 31,
2014
|
|
|
US$
|
|
US$
|
|
US$
|
|
US$
|
|
US$
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
|
Merchandise
sales
|
|
118,220
|
|
138,559
|
|
154,676
|
|
413,050
|
|
546,384
|
Marketplace
services
|
|
21,848
|
|
19,187
|
|
11,279
|
|
69,946
|
|
86,535
|
Total net
revenues
|
|
140,068
|
|
157,746
|
|
165,955
|
|
482,996
|
|
632,919
|
Cost of
revenues
|
|
(80,463)
|
|
(97,824)
|
|
(115,535)
|
|
(283,317)
|
|
(382,719)
|
Gross
profit
|
|
59,605
|
|
59,922
|
|
50,420
|
|
199,679
|
|
250,200
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
Fulfillment
expenses
|
|
(17,615)
|
|
(16,556)
|
|
(14,809)
|
|
(59,228)
|
|
(70,775)
|
Marketing
expenses
|
|
(16,493)
|
|
(15,990)
|
|
(19,922)
|
|
(52,151)
|
|
(81,277)
|
Technology and
content expenses
|
|
(3,302)
|
|
(6,043)
|
|
(7,110)
|
|
(10,023)
|
|
(22,090)
|
General and
administrative expenses
|
|
(33,525)
|
|
(4,149)
|
|
(4,578)
|
|
(40,013)
|
|
(16,690)
|
Total operating
expenses
|
|
(70,935)
|
|
(42,738)
|
|
(46,419)
|
|
(161,415)
|
|
(190,832)
|
Income/(loss) from
operations
|
|
(11,330)
|
|
17,184
|
|
4,001
|
|
38,264
|
|
59,368
|
Other
income/(expenses):
|
|
|
|
|
|
|
|
|
|
|
Interest
income
|
|
254
|
|
5,320
|
|
4,971
|
|
916
|
|
13,381
|
Others,
net
|
|
(17)
|
|
1,866
|
|
3,137
|
|
127
|
|
9,184
|
Income/(loss)
before tax
|
|
(11,093)
|
|
24,370
|
|
12,109
|
|
39,307
|
|
81,933
|
Income tax
expenses
|
|
(3,909)
|
|
(4,874)
|
|
(1,374)
|
|
(14,303)
|
|
(15,973)
|
Net
income/(loss)
|
|
(15,002)
|
|
19,496
|
|
10,735
|
|
25,004
|
|
65,960
|
Net income
attributable to noncontrolling interests
|
|
-
|
|
-
|
|
(36)
|
|
-
|
|
(36)
|
Net income/(loss)
attributable to Jumei International
Holding Limited
|
|
(15,002)
|
|
19,496
|
|
10,699
|
|
25,004
|
|
65,924
|
Accretion to
preferred share redemption value
|
|
(448)
|
|
-
|
|
-
|
|
(1,795)
|
|
(755)
|
Income
allocation to participating Redeemable Preferred
Shares
|
|
|
|
|
|
|
|
|
|
|
-
|
-
|
-
|
(7,403)
|
(9,127)
|
Net income/(loss)
attributable to Jumei's ordinary
shareholders
|
|
(15,450)
|
|
19,496
|
|
10,699
|
|
15,806
|
|
56,042
|
Net
income/(loss)
|
(15,002)
|
|
19,496
|
|
10,735
|
|
25,004
|
|
65,960
|
Foreign
currency translation adjustment, net of nil tax
|
292
|
|
122
|
|
750
|
|
1,101
|
|
143
|
Total
comprehensive income/(loss)
|
(14,710)
|
|
19,618
|
|
11,485
|
|
26,105
|
|
66,103
|
Comprehensive
income attributable to noncontrolling
interests
|
-
|
|
-
|
|
(35)
|
|
-
|
|
(35)
|
Comprehensive
income/(loss) attributable to Jumei
International Holding Limited
|
(14,710)
|
|
19,618
|
|
11,450
|
|
26,105
|
|
66,068
|
|
|
|
|
|
|
|
|
|
|
|
Net income per
share attributable to Jumei's ordinary
shareholders
|
|
|
|
|
|
- Basic
|
|
(0.24)
|
|
0.13
|
|
0.07
|
|
0.27
|
|
0.49
|
- Diluted
|
(0.24)
|
0.13
|
0.07
|
0.19
|
0.45
|
Net income per ADS
attributable to Jumei's ordinary
shareholders (1 ordinary share equals to 1 ADS)
|
|
|
-
Basic
|
|
(0.24)
|
|
0.13
|
|
0.07
|
|
0.27
|
|
0.49
|
- Diluted
|
(0.24)
|
0.13
|
0.07
|
0.19
|
0.45
|
Weighted average
shares outstanding used in computing
net income per share attributable to Jumei's
ordinary
shareholders
|
-
Basic
|
|
63,987,598 63,987,598
|
|
144,712,235 150,594,342
|
|
144,781,590 150,120,447
|
|
59,475,739 83,196,788
|
|
115,090,686 125,217,054
|
- Diluted
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months
ended
|
|
For the twelve months
ended
|
|
|
December 31, 2013
|
|
September 30, 2014
|
|
December 31, 2014
|
|
December 31, 2013
|
|
December 31, 2014
|
|
|
US$
|
|
US$
|
|
US$
|
|
US$
|
|
US$
|
|
|
|
|
|
|
|
|
|
|
|
Share-based
compensation expenses included are
follows:
|
|
|
|
|
|
|
|
|
|
|
Fulfillment
expenses
|
|
231
|
|
243
|
|
243
|
|
382
|
|
955
|
Marketing
expenses
|
|
184
|
|
278
|
|
(172)
|
|
481
|
|
1,629
|
Technology and
content expenses
|
|
269
|
|
369
|
|
329
|
|
785
|
|
1,358
|
General and
administrative expenses
|
|
30,474
|
|
618
|
|
599
|
|
31,144
|
|
2,423
|
Total
|
|
31,158
|
|
1,508
|
|
999
|
|
32,792
|
|
6,365
|
JUMEI
INTERNATIONAL HOLDING LIMITED
|
UNAUDITED
RECONCILIATION OF GAAP AND NON-GAAP RESULTS
|
(U.S. dollars in
thousands, except share data and per share data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months
ended
|
|
For the twelve months
ended
|
|
|
December 31,
2013
|
|
September 30,
2014
|
|
December 31,
2014
|
|
December 31,
2013
|
|
December 31,
2014
|
|
|
US$
|
|
US$
|
|
US$
|
|
US$
|
|
US$
|
|
|
|
|
|
|
|
|
|
|
|
Income/(loss) from
operations
|
|
(11,330)
|
|
17,184
|
|
4,001
|
|
38,264
|
|
59,368
|
Share-based
compensation expenses
|
|
31,158
|
|
1,508
|
|
999
|
|
32,792
|
|
6,365
|
Non-GAAP income from
operations
|
|
19,828
|
|
18,692
|
|
5,000
|
|
71,056
|
|
65,733
|
|
|
|
|
|
|
|
|
|
|
|
Net income/(loss)
attributable to Jumei's
ordinary
shareholders
|
|
(15,450)
|
|
19,496
|
|
10,699
|
|
15,806
|
|
56,042
|
Share-based
compensation expenses
|
|
31,158
|
|
1,508
|
|
999
|
|
32,792
|
|
6,365
|
Non-GAAP net income
attributable to Jumei's
ordinary shareholders
|
|
15,708
|
|
21,004
|
|
11,698
|
|
48,598
|
|
62,407
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net
income per share attributable
to Jumei's ordinary
shareholders
|
|
|
|
|
|
|
|
|
|
|
- Basic
|
|
0.25
|
|
0.15
|
|
0.08
|
|
0.82
|
|
0.54
|
- Diluted
|
|
0.25
|
|
0.14
|
|
0.08
|
|
0.58
|
|
0.50
|
Non-GAAP net
income per ADS attributable
to Jumei's ordinary shareholders (1
ordinary share equals to 1 ADS)
|
|
|
|
|
|
|
|
|
|
|
- Basic
|
|
0.25
|
|
0.15
|
|
0.08
|
|
0.82
|
|
0.54
|
- Diluted
|
|
0.25
|
|
0.14
|
|
0.08
|
|
0.58
|
|
0.50
|
Non-GAAP weighted
average shares
outstanding used in computing net income
per share attributable to Jumei's ordinary
shareholders:
|
|
|
|
|
|
|
|
|
|
|
- Basic
|
|
63,987,598
|
|
144,712,235
|
|
144,781,590
|
|
59,475,739
|
|
115,090,686
|
- Diluted
|
|
63,987,598
|
|
150,594,342
|
|
150,120,447
|
|
83,196,788
|
|
125,217,054
|
|
|
|
|
|
|
|
|
|
|
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/jumei-reports-unaudited-fourth-quarter-and-full-year-2014-financial-results-300051113.html
SOURCE Jumei International Holding Limited