BEIJING, Dec. 12, 2017 /PRNewswire/ -- Jianpu
Technology Inc. ("Jianpu," or the "Company") (NYSE: JT), a
leading independent open platform for discovery and recommendation
of financial products in China,
today announced its unaudited financial results for the third
quarter ended September 30, 2017.
Third Quarter 2017 Operational Highlights:
- Number of loan applications on the Company's
platform was approximately 28.2 million in the third quarter of
2017, representing an increase of approximately 496% from the prior
year period.
- Credit card volume reached approximately 1.1 million in the
third quarter of 2017, representing an increase of approximately
197% from the prior year period.
Third Quarter 2017 Financial Highlights:
- Total revenues for the third quarter of 2017 increased by 384%
to RMB467.7 million (US$70.3 million) from RMB96.7 million for the prior year period.
- Total recommendation services revenues for the third quarter of
2017 increased by 429% to RMB438.4
million (US$65.9 million) from
RMB82.9 million for the prior year
period.
- Net loss decreased by 51.6% to RMB16.7
million (US$2.5 million) in
the third quarter of 2017, from a net loss of RMB34.4 million in the prior year period.
Mr. David Ye, Chairman and Chief
Executive Officer of Jianpu, commented, "We are pleased to present
robust financial and operating results for our very first quarter
reporting as a public company. As a leading independent open
platform for discovery and recommendation of financial products in
China and a market leader in our
industry, we continue to experience growing demand from our users
for financial products and the financial service providers for our
solutions and services in the third quarter. This is clearly
demonstrated by our solid third quarter results as the number of
loan applications on our platform increased 496% year over year to
28.2 million and our credit card volume reached approximately 1.1
million, up 197% year over year, during the third quarter."
"Our business model is to connect users with financial service
providers. We believe our ability to leverage our strong data and
technological expertise to gain deep footholds across the value
chain is our core competency and positions us well to capture the
growing market opportunities in our industry. Our third quarter
results continue to demonstrate our robust growth trajectory,"
continued Mr. Ye. "We noticed the recent regulatory developments in
respect of cash loan in China, and
we believe a regulatory framework with more clarity will benefit
both consumers and financial service providers in the long run. As
an independent open platform, we think of ourselves as everyone's
financial partner. Jianpu does not offer its own financial products
and does not take any credit, liquidity or market risks. This
enables us to provide impartiality and transparency for our users
and partners. Thus, we take a constructive view on the changes in
the regulatory environment and believe our established market
leadership will better position us to serve market participants by
helping them to improve sales and marketing efficiency and enhance
data and risk management capabilities, and consequently benefit us
in the long run."
"We are delighted that our strong third quarter results continue
to affirm our market leadership and support our growth thesis,"
said Oscar Chen, Chief Financial
Officer of Jianpu. "We achieved a 384% year over year revenue
growth for the third quarter of 2017 and revenues from our core
recommendation services grew by 429%. Within that, revenues from
our loan recommendation services increased by 477% while revenues
from credit card services grew by 251% year over year. On the
bottom line, our net loss decreased by 51.6% year over year to
RMB16.7 million, or about
USD2.5 million, for the third quarter
of 2017. Our strong performance gives us the confidence that we are
on the right track to execute our business strategy and realize our
growth potential."
Third Quarter 2017 Financial Results
Total revenues for the third quarter of 2017 increased by
384% to RMB467.7 million
(US$70.3 million) from RMB96.7 million for the prior year period,
primarily due to increases in revenues from recommendation
services.
Total revenues from recommendation services increased by
429% to RMB438.4 million
(US$65.9 million) in the third
quarter of 2017 from RMB82.9 million
in the prior year period.
Revenues from recommendation services for loans increased
by 477% to RMB376.6 million
(US$56.6 million) in the third
quarter of 2017 from RMB65.3 million
in the prior year period, primarily due to the significant increase
in the number of loan applications on the Company's platform. The
number of loan applications on the Company's platform was
approximately 28.2 million in the third quarter of 2017,
representing an increase of approximately 496% from the prior year
period.
Revenues from recommendation services for credit cards
increased by 251% to RMB61.8 million
(US$9.3 million) in the third quarter
of 2017 from RMB17.6 million in the
third quarter of 2016, due to an increase in the credit card
volume. Credit card volume for recommendation services reached
approximately 0.7 million in the third quarter of 2017,
representing an increase of approximately 188% from the prior year
period. Our average fee per credit card increased from RMB74.18 (US$11.15)
in the third quarter of 2016 to RMB90.40 (US$13.59)
in the third quarter of 2017.
Revenues from advertising and marketing services and other
services increased by 114% to RMB29.3
million (US$4.4 million) in
the third quarter of 2017 from RMB13.7
million in the prior year period, primarily due to an
increase in revenues from big data and risk management solutions as
well as an increase in the credit card volume for advertising
services.
Cost of revenues increased by 212% to RMB41.8 million (US$6.3
million) in the third quarter of 2017 from RMB13.4 million in the prior year period. The
increase was primarily attributable to the increases in traffic
acquisition costs of advertising and marketing services, data
acquisition costs and short message service fees.
Gross profit increased by 412% to RMB426.0 million (US$64.0
million) in the third quarter of 2017 from RMB83.3 million in the prior year period. Gross
margin was 91.1% in the third quarter of 2017, compared with 86.1%
in the prior year period. The increase was primarily attributable
to our revenues from recommendation services continuing to grow
more rapidly than our revenues from advertising, marketing and
other services, as the former has higher gross margin than the
latter.
Sales and marketing expenses increased by 313% to
RMB387.8 million (US$58.3 million) in the third quarter of 2017
from RMB94.0 million in the prior
year period. The increase was mainly due to growth in marketing and
advertising expenses and payroll related costs as a result of the
rapid development of recommendation services.
Research and development expenses increased by 77.8% to
RMB34.9 million (US$5.2 million) in the third quarter of 2017 from
RMB19.6 million in the prior year
period, primarily due to the increase in payroll costs.
General and administrative expenses increased by 268% to
RMB15.1 million (US$2.3 million) in the third quarter of 2017 from
RMB4.1 million in the prior year
period, primarily due to the increase in professional fees as the
Company prepared for its IPO.
Loss from operations decreased to RMB11.8 million (US$1.8
million) in the third quarter of 2017 from RMB34.4 million in the prior year period.
Income tax expenses were RMB4.7
million (US$0.7 million) in
the third quarter of 2017, compared with nil in the prior year
period.
Net loss decreased by 51.6% to RMB16.7 million (US$2.5
million) in the third quarter of 2017 from RMB34.4 million in the prior year period.
Non-GAAP adjusted net loss, which excluded share-based
compensation expenses from net loss, decreased by 51.2% to
RMB16.3 million (US$2.4 million) in the third quarter of 2017 from
RMB33.3 million in the prior year
period.
Non-GAAP adjusted EBITDA, which excluded share-based
compensation expenses, depreciation and amortization, and income
tax expenses from net loss, for the third quarter of 2017 was a
loss of RMB9.9 million (US$1.5 million), representing a decrease of 69.3%
from a loss of RMB32.1 million for
the prior year period.
Net cash provided by operating activities was
RMB18.2 million (US$2.7 million) for the third quarter of 2017,
compared with net cash used in operating activities of RMB35.0 million for the prior year period.
First Nine Months 2017 Financial Results
Total revenues for the first nine months of 2017
increased by 255% to RMB861.1 million
(US$129.4 million) from RMB242.6 million for the prior year period,
primarily due to increases in revenues from recommendation
services.
Total revenues from recommendation services increased by
292% to RMB800.5 million
(US$120.3 million) in the first nine
months of 2017 from RMB204.4 million
in the prior year period.
Revenues from recommendation services for loans increased
by 338% to RMB690.1 million
(US$103.7 million) in the first nine
months of 2017 from RMB157.6 million
in the first nine months of 2016, primarily due to the significant
increase in the number of loan applications on the Company's
platform. The number of loan applications on the Company's platform
was approximately 57.3 million in the first nine months of 2017,
representing an increase of approximately 469% from the prior year
period.
Revenues from recommendation services for credit cards
increased by 136% to RMB110.3 million
(US$16.6 million) in the first nine
months of 2017 from RMB46.8 million
in the first nine months of 2016, due to an increase in the credit
card volume. Credit card volume for recommendation services reached
approximately 1.3 million in the first nine months of 2017,
representing an increase of approximately 117% from the prior year
period. Our average fee per credit card increased from RMB 76.26 (US$11.46) in the first nine months of 2016 to
RMB 82.81 (US$12.45) in the first nine months of 2017.
Revenues from advertising and marketing services and other
services increased by 59.0% to RMB60.7
million (US$9.1 million) in
the first nine months of 2017 from RMB38.1
million in the prior year period, primarily due to an
increase in revenues from big data and risk management solutions,
as well as an increase in the credit card volume for advertising
services.
Cost of revenues increased by 71.4% to RMB82.6 million (US$12.4
million) in the first nine months of 2017 from RMB48.2 million in the prior year period. The
increase was primarily attributable to the increases in traffic
acquisition costs of advertising and marketing services, data
acquisition costs and short message service fees.
Gross profit increased by 301% to RMB778.6 million (US$117.0
million) in the first nine months of 2017 from RMB194.4 million in the prior year period. Gross
margin was 90.4% in the first nine months of 2017, compared with
80.1% in the prior year period. The increase was primarily
attributable to our revenues from recommendation services
continuing to grow more rapidly than our revenues from advertising,
marketing and other services, as the former has higher gross margin
than the latter.
Sales and marketing expenses increased by 171% to
RMB727.9 million (US$109.4 million) in the first nine months of
2017 from RMB268.7 million in the
prior year period. The increase was mainly due to growth in
marketing and advertising expenses and payroll related costs as a
result of the rapid development of recommendation services.
Research and development expenses increased by 50.7% to
RMB79.7 million (US$12.0 million) in the first nine months of 2017
from RMB52.9 million in the prior
year period, primarily due to the increase in payroll costs.
General and administrative expenses increased by 123% to
RMB26.7 million (US$4.0 million) in the first nine months of 2017
from RMB12.0 million in the prior
year period, primarily due to the increase in professional fees as
the Company prepared for its IPO.
Loss from operations decreased to RMB55.7 million (US$8.4
million) in the first nine months of 2017 from RMB139.2 million in the prior year period.
Income tax expenses were RMB9.8
million (US$1.5 million) in
the first nine months of 2017, compared with nil in the prior year
period.
Net loss decreased by 52.7% to RMB65.7 million (US$9.9
million) in the first nine months of 2017 from RMB139.0 million in the prior year period.
Non-GAAP adjusted net loss, which excluded share-based
compensation expense from net loss, decreased by 52.6% to
RMB64.1 million (US$9.6 million) in the first nine months of 2017
from RMB135.1 million in the prior
year period.
Non-GAAP adjusted EBITDA, which excluded share-based
compensation expenses, depreciation and amortization and income tax
expenses from net loss, for the first nine months of 2017 was a
loss of RMB50.7 million (US$7.6 million), representing a decrease of 61.5%
from a loss of RMB131.7 million in
the prior year period.
Net cash used in operating activities was RMB83.3 million (US$12.5
million) for the first nine months of 2017, compared with
net cash used in operating activities of RMB230.9 million in the prior year period.
As of September 30, 2017, the
Company had cash and cash equivalents of RMB319 thousand (US$48
thousand), and working capital of approximately RMB67.0 million (US$10.1
million).
The company has operated within the RONG360 group's corporate
cash management program for all periods presented. The RONG360
group has provided RMB 150 million
(US$22.5 million) of initial working
capital to the company in the form of a capital contribution. The
Company received the related cash on November 15, 2017.
Recent Developments
On November 16, 2017, the Company
successfully completed its initial public offering of 22,500,000
American depositary shares ("ADSs") at a price to the public of
US$8.00 per ADS for a total offering
size of US$180 million. Each two ADSs
represent five Class A ordinary shares.
Concurrently with the offering, the Company also closed private
placements with (i) Torch International Investment Ltd, an
investing entity of Sailing Capital and an existing shareholder of
RONG360 Inc., and its affiliates for an aggregate of US$30 million in Class A ordinary shares from the
Company; and (ii) Article Light Limited, an investing entity of
Yunfeng Capital and an existing shareholder of RONG360, for
US$10 million in Class A ordinary
shares from the Company. The concurrent private placements are each
at a price per share equal to the initial public offering price
adjusted to reflect the ADS-to-ordinary share ratio.
Outlook
Based on the information available as of the date of this press
release, the Company provides the following outlook, which reflects
the Company's current and preliminary view, which is subject to
change.
Fourth Quarter 2017
- Based on the Company's current estimates, total revenues for
the fourth quarter of 2017 are expected to be RMB545 million, representing an increase of 379%
on a year-over-year basis.
Conference Call
The Company's management will host an earnings conference call
at 8:00 AM U.S. Eastern Time on
December 12, 2017 (9:00 PM Beijing/Hong Kong Time on December 12, 2017).
Dial-in details for the earnings conference call are as
follows:
United States (toll
free):
|
1-888-346-8982
|
International:
|
1-412-902-4272
|
Hong Kong (toll
free):
|
800-905-945
|
Hong Kong:
|
852-3018-4992
|
China:
|
400-120-1203
|
Participants should dial-in at least 5 minutes before the
scheduled start time and ask to be connected to the call for
"Jianpu Technology Inc."
Additionally, a live and archived webcast of the conference call
will be available on the Company's investor relations website at
http://ir.jianpu.ai.
A replay of the conference call will be accessible approximately
one hour after the conclusion of the live call until December 19, 2017, by dialing the following
telephone numbers:
United States (toll
free):
|
1-877-344-7529
|
International:
|
1-412-317-0088
|
Replay Access
Code:
|
10114915
|
About Jianpu Technology Inc.
Jianpu Technology Inc. is a leading independent open platform
for discovery and recommendation of financial products in
China. By leveraging its deep data
insights and proprietary technology, Jianpu provides users with
personalized search results and recommendations that are tailored
to each user's particular financial needs and credit profile. The
Company also enables financial service providers with sales and
marketing solutions to reach and serve their target customers more
effectively through online and mobile channels and enhance their
competitiveness by providing them with tailored data, risk
management and end-to-end solutions. The Company is committed to
maintaining an independent open platform, which allows it to serve
the needs of users and financial service providers impartially. For
more information, please visit http://ir.jianpu.ai.
Use of Non-GAAP Financial Measures
We use adjusted EBITDA and adjusted net loss, each a non-GAAP
financial measure, in evaluating our operating results and for
financial and operational decision-making purposes.
We believe that adjusted EBITDA and adjusted net loss help
identify underlying trends in our business that could otherwise be
distorted by the effect of the expenses and gains that we include
in loss from operations and net loss. We believe that adjusted
EBITDA and adjusted net loss provide useful information about our
operating results, enhance the overall understanding of our past
performance and future prospects and allow for greater visibility
with respect to key metrics used by our management in its financial
and operational decision-making.
Adjusted EBITDA and adjusted net loss should not be considered
in isolation or construed as alternatives to net loss or any other
measure of performance or as indicators of our operating
performance. Investors are encouraged to review the historical
non-GAAP financial measures to the most directly comparable GAAP
measures. Adjusted EBITDA and adjusted net loss presented here 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
our data. We encourage investors and others to review our financial
information in its entirety and not rely on a single financial
measure.
Adjusted EBITDA represents EBITDA before share-based
compensation expenses. EBITDA represents net loss before interest,
tax, depreciation and amortization.
Adjusted net loss represents net loss before share-based
compensation expenses.
For more information on this non-GAAP financial measure, please
see the table captioned "Reconciliations of GAAP and non-GAAP
results" set forth at the end of this press release.
Exchange Rate Information
This announcement contains translations of certain RMB amounts
into U.S. dollars at a specified rate solely for the convenience of
the reader. Unless otherwise noted, all translations from RMB
to U.S. dollars are made at a rate of RMB6.6533 to US$1.00, the rate in effect as of September 30, 2017 as certified for customs
purposes by the Federal Reserve Bank of New York.
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," "confident" and similar statements.
Statements that are not historical facts, including statements
about the Company'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 goal and strategies; the Company's future business
development, financial condition and results of operations; the
Company's expectations regarding demand for, and market acceptance
of, its solutions and services; the Company's expectations
regarding keeping and strengthening its relationships with users,
financial service providers and other parties it collaborate with;
general economic and business conditions; and assumptions
underlying or related to any of the foregoing. Further information
regarding these and other risks is included in the Company's
filings with the SEC. All information provided in this press
release and in the attachments is as of the date of this press
release, and the Company undertakes no obligation to update any
forward-looking statement, except as required under applicable
law.
For investor and media inquiries, please contact:
In China:
Jianpu Technology Inc.
Oscar Chen
Tel: +86 (10) 6242-7068
E-mail: IR@rong360.com
The Piacente Group, Inc.
Ross Warner
Tel: +86 (10) 5730-6200
E-mail: jianpu@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Laurie Little
Tel: +1-212-481-2050
E-mail: jianpu@tpg-ir.com
Jianpu Technology
Inc.
|
Unaudited
Condensed Consolidated Balance Sheets
|
|
|
|
|
|
(In thousands except
for number of shares and per share data)
|
|
As of
December 31,
|
|
As
of
September 30,
|
|
2016
|
|
2017
|
|
2017
|
|
|
RMB
|
|
RMB
|
|
US$
|
ASSETS
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
--
|
|
319
|
|
48
|
Accounts receivable,
net
|
|
57,536
|
|
181,054
|
|
27,213
|
Amount due from
related party
|
|
21,128
|
|
6,940
|
|
1,043
|
Prepayments and other
current assets
|
|
50,415
|
|
172,513
|
|
25,929
|
Total current
assets
|
|
129,079
|
|
360,826
|
|
54,233
|
Non‑current
assets:
|
|
|
|
|
|
|
Property and
equipment, net
|
|
4,591
|
|
12,642
|
|
1,900
|
Other non‑current
assets
|
|
813
|
|
2,321
|
|
349
|
Total non‑current
assets
|
|
5,404
|
|
14,963
|
|
2,249
|
Total
assets
|
|
134,483
|
|
375,789
|
|
56,482
|
LIABILITIES AND
INVESTED EQUITY
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
Accounts
payable
|
|
32,433
|
|
157,210
|
|
23,629
|
Advances from
customers
|
|
18,149
|
|
81,104
|
|
12,190
|
Tax payable
|
|
1,849
|
|
19,332
|
|
2,906
|
Accrued expenses and
other current liabilities
|
|
29,445
|
|
36,210
|
|
5,442
|
Total current
liabilities
|
|
81,876
|
|
293,856
|
|
44,167
|
Total
liabilities
|
|
81,876
|
|
293,856
|
|
44,167
|
|
|
|
|
|
|
|
Invested
equity:
|
|
|
|
|
|
|
RONG360's
investment
|
|
52,607
|
|
81,933
|
|
12,315
|
Total invested
equity
|
|
52,607
|
|
81,933
|
|
12,315
|
Total liabilities
and invested equity
|
|
134,483
|
|
375,789
|
|
56,482
|
Jianpu Technology
Inc.
|
Unaudited Interim
Condensed Consolidated Statements of Comprehensive
Loss
|
|
|
|
(In thousands except
for number of shares and per share data)
|
|
For the Three
Months Ended September 30,
|
|
2016
|
|
2017
|
|
2017
|
|
|
RMB
|
|
RMB
|
|
US$
|
Revenues:
|
|
|
|
|
|
|
Recommendation
services:
|
|
|
|
|
|
|
Loans (including revenues from
related party of
RMB6,592 and RMB24,951 for the three months
ended September 30, 2016 and 2017,
respectively.)
|
|
65,318
|
|
376,631
|
|
56,608
|
Credit
cards
|
|
17,627
|
|
61,785
|
|
9,286
|
Total recommendation
services
|
|
82,945
|
|
438,416
|
|
65,894
|
Advertising, marketing
and other services
|
|
13,709
|
|
29,325
|
|
4,407
|
Total
revenues
|
|
96,654
|
|
467,741
|
|
70,301
|
Cost of
revenues
|
|
(13,391)
|
|
(41,787)
|
|
(6,281)
|
Gross
profit
|
|
83,263
|
|
425,954
|
|
64,020
|
Operating
expenses:
|
|
|
|
|
|
|
Sales and
marketing
|
|
(93,993)
|
|
(387,837)
|
|
(58,292)
|
Research and
development
|
|
(19,600)
|
|
(34,857)
|
|
(5,239)
|
General and
administrative
|
|
(4,093)
|
|
(15,079)
|
|
(2,266)
|
Loss from
operations
|
|
(34,423)
|
|
(11,819)
|
|
(1,777)
|
Others, net
|
|
15
|
|
(110)
|
|
(17)
|
Loss before income
tax
|
|
(34,408)
|
|
(11,929)
|
|
(1,794)
|
Income tax
expense
|
|
--
|
|
(4,741)
|
|
(713)
|
Net
loss
|
|
(34,408)
|
|
(16,670)
|
|
(2,507)
|
Other comprehensive
(loss)/income, net
|
|
--
|
|
--
|
|
--
|
Total comprehensive
loss
|
|
(34,408)
|
|
(16,670)
|
|
(2,507)
|
|
|
|
|
|
|
|
Net loss per
share(1)
|
|
|
|
|
|
|
Basic and
diluted
|
|
(0.10)
|
|
(0.05)
|
|
(0.01)
|
Net loss per
ADS
|
|
|
|
|
|
|
Basic and
diluted
|
|
(0.25)
|
|
(0.13)
|
|
(0.03)
|
Weighted average
number of shares
|
|
|
|
|
|
|
Basic and
diluted
|
|
345,541,350
|
|
345,541,350
|
|
345,541,350
|
(In thousands except
for number of shares and per share data)
|
|
For the Nine Months
Ended September 30,
|
|
2016
|
|
2017
|
|
2017
|
|
|
RMB
|
|
RMB
|
|
US$
|
Revenues:
|
|
|
|
|
|
|
Recommendation
services:
|
|
|
|
|
|
|
Loans (including revenues from
related party of
RMB8,059 and RMB88,322 for the nine months
ended September 30, 2016 and 2017,
respectively.)
|
|
157,646
|
|
690,139
|
|
103,729
|
Credit
cards
|
|
46,779
|
|
110,338
|
|
16,584
|
Total recommendation
services
|
|
204,425
|
|
800,477
|
|
120,313
|
Advertising, marketing
and other services
|
|
38,136
|
|
60,652
|
|
9,116
|
Total
revenues
|
|
242,561
|
|
861,129
|
|
129,429
|
Cost of
revenues
|
|
(48,179)
|
|
(82,574)
|
|
(12,411)
|
Gross
profit
|
|
194,382
|
|
778,555
|
|
117,018
|
Operating
expenses:
|
|
|
|
|
|
|
Sales and
marketing
|
|
(268,712)
|
|
(727,871)
|
|
(109,400)
|
Research and
development
|
|
(52,859)
|
|
(79,659)
|
|
(11,973)
|
General and
administrative
|
|
(11,978)
|
|
(26,731)
|
|
(4,018)
|
Loss from
operations
|
|
(139,167)
|
|
(55,706)
|
|
(8,373)
|
Others, net
|
|
124
|
|
(169)
|
|
(25)
|
Loss before income
tax
|
|
(139,043)
|
|
(55,875)
|
|
(8,398)
|
Income tax
expense
|
|
--
|
|
(9,838)
|
|
(1,479)
|
Net
loss
|
|
(139,043)
|
|
(65,713)
|
|
(9,877)
|
Other comprehensive
(loss)/income, net
|
|
--
|
|
--
|
|
--
|
Total comprehensive
loss
|
|
(139,043)
|
|
(65,713)
|
|
(9,877)
|
|
|
|
|
|
|
|
Net loss per
share(1)
|
|
|
|
|
|
|
Basic and
diluted
|
|
(0.40)
|
|
(0.19)
|
|
(0.03)
|
Net loss per
ADS
|
|
|
|
|
|
|
Basic and
diluted
|
|
(1.00)
|
|
(0.48)
|
|
(0.08)
|
Weighted average
number of shares
|
|
|
|
|
|
|
Basic and
diluted
|
|
345,541,350
|
|
345,541,350
|
|
345,541,350
|
|
(1) The
Company issued ordinary shares to RONG360 in connection with the
group reorganization in September 2017. 345,541,350 ordinary shares
were issued and outstanding upon the completion of the group
reorganization in October 2017, which are held by RONG360. The
issuance of ordinary shares to RONG360 group has been
retrospectively reflected for all periods presented herein. Each
two ADSs represent five ordinary shares.
|
Jianpu Technology
Inc.
|
Unaudited
Reconciliations of GAAP and Non-GAAP Results
|
|
|
|
(In thousands except
for number of shares and per share data)
|
|
For the Three
Months Ended September 30,
|
|
2016
|
|
2017
|
|
2017
|
|
|
RMB
|
|
RMB
|
|
US$
|
Net loss
|
|
(34,408)
|
|
(16,670)
|
|
(2,507)
|
Add: share-based
compensation expense
|
|
1,071
|
|
416
|
|
63
|
Adjusted net
loss
|
|
(33,337)
|
|
(16,254)
|
|
(2,444)
|
Add: depreciation and
amortization
|
|
1,190
|
|
1,635
|
|
246
|
Income tax
expense
|
|
--
|
|
4,741
|
|
713
|
Adjusted
EBITDA
|
|
(32,147)
|
|
(9,878)
|
|
(1,485)
|
(In thousands except
for number of shares and per share data)
|
|
For the Nine
Months Ended September 30,
|
|
2016
|
|
2017
|
|
2017
|
|
|
RMB
|
|
RMB
|
|
US$
|
Net loss
|
|
(139,043)
|
|
(65,713)
|
|
(9,877)
|
Add: share-based
compensation expense
|
|
3,915
|
|
1,608
|
|
242
|
Adjusted net
loss
|
|
(135,128)
|
|
(64,105)
|
|
(9,635)
|
Add: depreciation and
amortization
|
|
3,445
|
|
3,600
|
|
541
|
Income tax
expense
|
|
--
|
|
9,838
|
|
1,479
|
Adjusted
EBITDA
|
|
(131,683)
|
|
(50,667)
|
|
(7,615)
|
Jianpu Technology
Inc.
|
Unaudited
Condensed Consolidated Statements of Cash Flows
|
|
|
|
(In thousands except
for number of shares and per share
data)
|
|
For the Three
Months Ended September 30,
|
|
2016
|
|
2017
|
|
2017
|
|
|
RMB
|
|
RMB
|
|
US$
|
Net cash provided
by/(used in) operating activities
|
|
(35,030)
|
|
18,235
|
|
2,740
|
Net cash used in
investing activities
|
|
(1,288)
|
|
(6,629)
|
|
(996)
|
Net cash provided
by /(used in)financing activities
|
|
36,318
|
|
(11,287)
|
|
(1,696)
|
Net
increase/(decrease) in cash and cash equivalents
|
|
--
|
|
319
|
|
48
|
Cash and cash
equivalents at beginning of the period
|
|
--
|
|
--
|
|
--
|
Cash and cash
equivalents at end of the period
|
|
--
|
|
319
|
|
48
|
(In thousands except
for number of shares and per share
data)
|
|
For the Nine
Months Ended September 30,
|
|
2016
|
|
2017
|
|
2017
|
|
|
RMB
|
|
RMB
|
|
US$
|
Net cash provided
by/(used in) operating activities
|
|
(230,933)
|
|
(83,324)
|
|
(12,524)
|
Net cash used in
investing activities
|
|
(3,227)
|
|
(9,788)
|
|
(1,471)
|
Net cash provided
by /(used in)financing activities
|
|
234,160
|
|
93,431
|
|
14,043
|
Net
increase/(decrease) in cash and cash equivalents
|
|
--
|
|
319
|
|
48
|
Cash and cash
equivalents at beginning of the period
|
|
--
|
|
--
|
|
--
|
Cash and cash
equivalents at end of the period
|
|
--
|
|
319
|
|
48
|
View original
content:http://www.prnewswire.com/news-releases/jianpu-technology-inc-reports-third-quarter-2017-unaudited-financial-results-300570023.html
SOURCE Jianpu Technology Inc.