SHANGHAI, Aug. 11,
2022 /PRNewswire/ -- Dingdong (Cayman) Limited
("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery
e-commerce company in China, with
advanced supply chain capabilities, today announced its unaudited
financial results for the quarter ended June 30, 2022.
Second Quarter 2022 Highlights:
- GMV for the second quarter of 2022 increased by 32.3%
year over year to RMB7,115.2 million
(US$1,062.3 million) from
RMB5,378.1 million in the same
quarter of 2021.
- Total revenue for the second quarter of 2022 increased
by 42.8% year over year to RMB6,634.4
million (US$990.5 million)
from RMB4,646.0 million in the same
quarter of 2021.
- Non-GAAP net income for the second quarter of 2022 was
RMB20.6 million (US$3.1 million), compared with non-GAAP net loss
of RMB1,728.5 million in the same
quarter of 2021.
Mr. Changlin Liang, Founder and
Chief Executive Officer of Dingdong, stated,
"Fresh food is not ordinary consumer goods. Therefore, we aim to
ensure not only food availability but also food quality. We bring
happiness and passion for life to the public through food, and
infuse inspiration and soulfulness into food. Only a team with
unswerving, whole-hearted commitment and dedication can achieve
this goal."
Ms. Le Yu, Chief Strategy Officer
of Dingdong, stated,
"As we established word-of-mouth on our product development
capabilities among consumers, comparing our pre-lockdown and
post-lockdown performances this year, we also saw a significant
increase in the AOV post-lockdown and an improvement in our
operational efficiency, which validated our "efficiency first, with
due consideration to scale" strategy.
Looking ahead to Q3, we expect quality revenue growth with
narrowing losses compared to the pre-lockdown Q1 this year. We also
expect to achieve a single-month, non-GAAP break-even in December
this year."
Second Quarter 2022 Financial Results
Total revenues were RMB6,634.4
million (US$990.5 million),
representing an increase of 42.8% from the same period of 2021,
primarily driven by the robust growth in the Company's GMV, with a
higher conversion ratio from GMV to revenue.
- Product Revenues were RMB6,554.0
million (US$978.5 million), an
increase of 42.4% from RMB4,603.3
million in the same quarter of 2021, primarily driven by the
increase in average order value.
- Service Revenues were RMB80.4
million (US$12.0 million), an
increase of 88.1% from RMB42.7
million in the same quarter of 2021, primarily driven by the
increase in the number of customers subscribing to Dingdong's
membership program.
Total operating costs and expenses were RMB6,634.6
million (US$990.5 million), an
increase of 0.8% from RMB6,583.6
million in the same quarter of 2021, with a detailed
breakdown as below.
- Cost of Goods Sold was RMB4,537.3
million (US$677.4 million), an
increase of 14.4% from RMB3,967.4
million in the same quarter of 2021, primarily driven by the
increase in total revenue. Gross margin was 31.6%, which
significantly improved from 14.6% in the same quarter of 2021.
- Fulfillment expenses were RMB1,541.8 million (US$230.2 million) a decrease of 9.0% from
RMB1,693.5 million in the same
quarter of 2021. Fulfillment expenses as a percentage of total
revenue decreased from 36.5% to 23.2%, mainly driven by the
increase of average order value and improved frontline labor
efficiency.
- Sales and marketing expenses were RMB146.7 million (US$21.9
million), a decrease of 64.2% from RMB410.0 million in the same quarter of 2021, as
product development capabilities became our primary growth driver
and we attracted customers more efficiently.
- General and administrative expenses were RMB153.5 million (US$22.9
million), a decrease of 49.9% from RMB306.3 million in the same quarter of 2021,
mainly due to decreased share-based compensation expenses.
- Product development expenses were RMB255.3 million (US$38.1
million), an increase of 23.7% from RMB206.5 million in the same quarter of 2021,
mainly due to the increased investments in product development
capability, agricultural technology, technical data algorithms, and
other infrastructure.
Loss from operations was RMB0.2 million (US$0.04
million), compared with operating loss of RMB1,937.6 million in the same quarter of
2021.
Net loss was RMB34.5
million (US$5.2 million),
compared with net loss of RMB1,937.4
million in the same quarter of 2021.
Non-GAAP net income / (loss), which is a non-GAAP measure
that excludes share-based compensation expenses, was RMB20.6 million (US$3.1
million), a significant improvement from RMB(1,728.5) million in the same quarter of 2021.
In addition, our non-GAAP net margin, which is our non-GAAP net
income / (loss) as a percentage of revenues, improved to 0.3% from
(37.2%) in the same quarter of 2021.
Basic and diluted net loss per share were RMB0.11 (US$0.02),
compared with RMB33.27 in the same
quarter of 2021. Non-GAAP net income / (loss) per share, basic and
diluted, was RMB0.06 (US$0.01), compared with RMB (30.05) in the same quarter of 2021. The
weighted average number of ordinary shares used to compute the
basic and diluted net loss per share and non-GAAP net income /
(loss) per share were 64,908,700 and 324,345,013 in the
second quarter of 2021 and 2022, respectively. All outstanding
redeemable convertible preferred shares were not included in the
computation until July 2021, when
they were converted into ordinary shares upon the completion of the
Company's initial public offering.
Cash and cash equivalents and short-term
investments were RMB6,063.8
million (US$905.3 million) as
of June 30, 2022, compared with RMB5,231.1 million as of December 31, 2021.
Conference Call
The Company's management will hold an earnings conference call
at 8:00 A.M. Eastern Time on
Thursday, August 11, 2022 (8:00
P.M. Beijing Time on the same day) to discuss the financial
results. The presentation and question and answer session will be
presented in both Mandarin and English. Listeners may access the
call by dialing the following numbers:
|
|
|
|
International:
|
|
1-412-317-6061
|
United States Toll
Free:
|
|
1-888-317-6003
|
Mainland China Toll
Free:
|
|
4001-206115
|
Hong Kong Toll
Free:
|
|
800-963976
|
Conference
ID:
|
|
0227192
|
|
|
|
|
|
|
The replay will be accessible through August 18, 2022 by dialing the following
numbers:
|
|
|
|
International:
|
|
1-412-317-0088
|
United
States:
|
|
1-877-344-7529
|
Access Code:
|
|
1497622
|
|
|
|
|
|
|
A live and archived webcast of the conference call will also be
available at the Company's investor relations website at
https://ir.100.me.
About Dingdong (Cayman) Limited
We are a leading fresh grocery e-commerce company in China,
with sustainable long-term growth. We directly provide users and
households with fresh produce, prepared food, and other food
products through a convenient and excellent shopping experience
supported by an extensive self-operated frontline fulfillment grid.
Leveraging our deep insights into consumers' evolving needs and our
strong food innovation capabilities, we have successfully launched
a series of private label products spanning a variety of food
categories. Many of our private label products are produced at our
own production plants, allowing us to more efficiently produce and
offer safe and high-quality food products. We aim to be Chinese
families' first choice for food shopping.
For more information, please visit:
https://ir.100.me
Use of Non-GAAP Financial Measures
The Company uses non-GAAP measures, such as non-GAAP net income
/ (loss), non-GAAP net margin and non-GAAP net income / (loss) per
share, basic and diluted, in evaluating its operating results and
for financial and operational decision-making purposes. The Company
believes that the non-GAAP financial measures help identify
underlying trends in its business by excluding the impact of
share-based compensation expenses, which are non-cash charges and
do not correlate to any operating activity trends. The Company
believes that the non-GAAP financial measures provide useful
information about the Company's results of operations, enhance the
overall understanding of the Company's past performance and future
prospects and allow for greater visibility with respect to key
metrics used by the Company's management in its financial and
operational decision-making.
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, and when
assessing the Company's operating performance, cash flows or
liquidity, investors should not consider them in isolation, or as a
substitute for net loss, cash flows provided by operating
activities or other consolidated statements of operations and cash
flows data prepared in accordance with U.S. GAAP. The Company's
definition of non-GAAP financial measures may differ from those of
industry peers and may not be comparable with their non-GAAP
financial measures.
The Company mitigates these limitations by reconciling the
non-GAAP financial measures to the most comparable U.S. GAAP
performance measures, all of which should be considered when
evaluating the Company's performance.
For more information on the non-GAAP financial measures, please
see the table captioned "Unaudited Reconciliation of GAAP and
Non-GAAP Results" set forth at the end of this announcement.
Exchange Rate Information
This announcement contains translations of certain RMB amounts
into U.S. dollars ("US$") at specified rates solely for the
convenience of the reader. Unless otherwise stated, all
translations from RMB to US$ were made at the rate of RMB6.6981 to US$1.00, the exchange rate on June 30, 2022 set forth in the H.10 statistical
release of the Federal Reserve Board. The Company makes no
representation that the RMB or US$ amounts referred could be
converted into US$ or RMB, as the case may be, at any particular
rate or at all.
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," "aims," "future," "intends,"
"plans," "believes," "estimates," "confident," "potential,"
"continue," or other similar expressions. Among other things,
business outlook and quotations from management in this
announcement, as well as Dingdong's strategic and operational
plans, contain forward-looking statements. Dingdong may also make
written or oral forward-looking statements in its periodic reports
to the U.S. Securities and Exchange Commission (the "SEC"), in its
interim and annual reports 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 but not limited to statements
about Dingdong'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: Dingdong's
goals and strategies; Dingdong's future business development,
financial conditions, and results of operations; the expected
outlook of the fresh grocery e-commerce
market in China; Dingdong's
expectations regarding demand for and market acceptance of its
products and services; Dingdong's expectations regarding its
relationships with its users, clients, business partners, and other
stakeholders; competition in Dingdong's industry; and relevant
government policies and regulations relating to Dingdong's
industry, and general economic and business conditions globally and
in China 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 announcement
and in the attachments is as of the date of the announcement, and
the Company undertakes no duty to update such information, except
as required under applicable law.
For investor inquiries, please contact:
Dingdong Fresh
ir@100.me
DINGDONG (CAYMAN)
LIMITED
|
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEETS
|
(Amounts in
thousands of RMB and US$)
|
|
|
|
As of
|
|
|
|
|
December
31,
2021
|
|
|
June 30,
2022
|
|
|
June
30,
2022
|
|
|
|
|
RMB
|
|
|
RMB
|
|
|
US$
|
|
|
|
|
|
|
|
(Unaudited)
|
|
ASSETS
|
|
|
|
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
662,768
|
|
|
2,011,719
|
|
|
300,342
|
|
Restricted
cash
|
|
|
7,664
|
|
|
1,100
|
|
|
164
|
|
Short-term
investments
|
|
|
4,568,346
|
|
|
4,052,094
|
|
|
604,962
|
|
Accounts receivable,
net
|
|
|
191,519
|
|
|
158,232
|
|
|
23,623
|
|
Inventories
|
|
|
537,472
|
|
|
578,396
|
|
|
86,352
|
|
Advance to
suppliers
|
|
|
86,711
|
|
|
107,264
|
|
|
16,014
|
|
Prepayments and other
current assets
|
|
|
461,843
|
|
|
213,989
|
|
|
31,948
|
|
Total current
assets
|
|
|
6,516,323
|
|
|
7,122,794
|
|
|
1,063,405
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current assets:
|
|
|
|
|
|
|
|
|
|
|
Property and
equipment, net
|
|
|
472,371
|
|
|
401,170
|
|
|
59,893
|
|
Operating
lease right-of-use assets
|
|
|
2,245,571
|
|
|
1,751,432
|
|
|
261,482
|
|
Other non-current assets
|
|
|
185,793
|
|
|
155,970
|
|
|
23,286
|
|
Total non-current assets
|
|
|
2,903,735
|
|
|
2,308,572
|
|
|
344,661
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL
ASSETS
|
|
|
9,420,058
|
|
|
9,431,366
|
|
|
1,408,066
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES,
MEZZANINE EQUITY AND
SHAREHOLDERS'
EQUITY
|
|
Current
liabilities:
|
|
|
|
|
|
|
|
|
|
|
Accounts
payable
|
|
|
2,058,624
|
|
|
1,876,611
|
|
|
280,171
|
|
Customer advances and
deferred revenue
|
|
|
243,480
|
|
|
249,628
|
|
|
37,268
|
|
Accrued expenses and
other current liabilities
|
|
|
653,261
|
|
|
699,749
|
|
|
104,470
|
|
Salary and welfare
payable
|
|
|
244,740
|
|
|
188,721
|
|
|
28,175
|
|
Operating lease
liabilities
|
|
|
969,494
|
|
|
835,511
|
|
|
124,739
|
|
Short-term
borrowings
|
|
|
3,121,046
|
|
|
4,075,411
|
|
|
608,443
|
|
Current portion of
long-term borrowings
|
|
|
57,875
|
|
|
15,625
|
|
|
2,333
|
|
Total current
liabilities
|
|
|
7,348,520
|
|
|
7,941,256
|
|
|
1,185,599
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current liabilities:
|
|
|
|
|
|
|
|
|
|
|
Operating lease
liabilities
|
|
|
1,244,096
|
|
|
899,617
|
|
|
134,309
|
|
Other non-current
liabilities
|
|
|
69,373
|
|
|
75,000
|
|
|
11,197
|
|
Total non-current liabilities
|
|
|
1,313,469
|
|
|
974,617
|
|
|
145,506
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES
|
|
|
8,661,989
|
|
|
8,915,873
|
|
|
1,331,105
|
|
DINGDONG (CAYMAN)
LIMITED
|
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEETS (CONTINUED)
|
(Amounts in
thousands of RMB and US$)
|
|
|
|
As of
|
|
|
|
|
December
31,
2021
|
|
|
June
30,
2022
|
|
|
June
30,
2022
|
|
|
|
|
RMB
|
|
|
RMB
|
|
|
US$
|
|
|
|
|
|
|
|
(Unaudited)
|
|
LIABILITIES,
MEZZANINE EQUITY AND
SHAREHOLDERS'
EQUITY (CONTINUED)
|
|
Mezzanine
Equity:
|
|
|
|
|
|
|
|
|
|
|
Redeemable
noncontrolling interests
|
|
|
30,000
|
|
|
103,400
|
|
|
15,437
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL MEZZANINE
EQUITY
|
|
|
30,000
|
|
|
103,400
|
|
|
15,437
|
|
|
|
|
|
|
|
|
|
|
|
|
Shareholders'
equity
|
|
|
|
|
|
|
|
|
|
|
Ordinary
shares
|
|
|
4
|
|
|
4
|
|
|
1
|
|
Additional paid-in
capital
|
|
|
13,685,062
|
|
|
13,795,348
|
|
|
2,059,591
|
|
Treasury
stock
|
|
|
(7,042)
|
|
|
(20,666)
|
|
|
(3,085)
|
|
Accumulated
deficit
|
|
|
(12,765,713)
|
|
|
(13,281,019)
|
|
|
(1,982,804)
|
|
Accumulated other
comprehensive loss
|
|
|
(184,242)
|
|
|
(81,574)
|
|
|
(12,179)
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SHAREHOLDERS'
EQUITY
|
|
|
728,069
|
|
|
412,093
|
|
|
61,524
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES,
MEZZANINE EQUITY
AND SHAREHOLDERS' EQUITY
|
|
|
9,420,058
|
|
|
9,431,366
|
|
|
1,408,066
|
|
|
|
|
|
|
|
|
|
|
|
|
DINGDONG (CAYMAN)
LIMITED
|
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
|
(Amounts in
thousands of RMB and US$, except for number of shares and per share
data)
|
|
|
|
For the
three months ended
June
30,
|
|
|
|
|
2021
|
|
|
2022
|
|
|
2022
|
|
|
|
|
RMB
|
|
|
RMB
|
|
|
US$
|
|
|
|
|
(Unaudited)
|
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
Product
revenues
|
|
|
4,603,265
|
|
|
6,553,999
|
|
|
978,486
|
|
Service
revenues
|
|
|
42,741
|
|
|
80,390
|
|
|
12,002
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
revenues
|
|
|
4,646,006
|
|
|
6,634,389
|
|
|
990,488
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating costs and
expenses:
|
|
|
|
|
|
|
|
|
|
|
Cost of goods
sold
|
|
|
(3,967,378)
|
|
|
(4,537,312)
|
|
|
(677,403)
|
|
Fulfillment
expenses
|
|
|
(1,693,470)
|
|
|
(1,541,814)
|
|
|
(230,187)
|
|
Sales and marketing
expenses
|
|
|
(409,991)
|
|
|
(146,699)
|
|
|
(21,902)
|
|
Product development
expenses
|
|
|
(206,479)
|
|
|
(255,314)
|
|
|
(38,117)
|
|
General and
administrative expenses
|
|
|
(306,261)
|
|
|
(153,489)
|
|
|
(22,915)
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating
costs and expenses
|
|
|
(6,583,579)
|
|
|
(6,634,628)
|
|
|
(990,524)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from
operations
|
|
|
(1,937,573)
|
|
|
(239)
|
|
|
(36)
|
|
Interest
income
|
|
|
15,187
|
|
|
17,416
|
|
|
2,600
|
|
Interest
expenses
|
|
|
(19,982)
|
|
|
(32,844)
|
|
|
(4,904)
|
|
Other income
|
|
|
5,704
|
|
|
14,545
|
|
|
2,172
|
|
Other
expenses
|
|
|
(733)
|
|
|
(26,742)
|
|
|
(3,992)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss before income
tax
|
|
|
(1,937,397)
|
|
|
(27,864)
|
|
|
(4,160)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax
expenses
|
|
|
-
|
|
|
(6,659)
|
|
|
(994)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss
|
|
|
(1,937,397)
|
|
|
(34,523)
|
|
|
(5,154)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accretion of redeemable
convertible preferred shares
|
|
|
(221,948)
|
|
|
-
|
|
|
-
|
|
Accretion of redeemable
noncontrolling interests
|
|
|
-
|
|
|
(1,965)
|
|
|
(293)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
attributable to ordinary shareholders
|
|
|
(2,159,345)
|
|
|
(36,488)
|
|
|
(5,447)
|
|
|
|
|
|
|
|
|
|
|
|
|
DINGDONG (CAYMAN)
LIMITED
|
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(CONTINUED)
|
(Amounts in
thousands of RMB and US$, except for number of shares and per share
data)
|
|
|
|
For the
three months ended
June
30,
|
|
|
|
|
2021
|
|
|
2022
|
|
|
2022
|
|
|
|
|
RMB
|
|
|
RMB
|
|
|
US$
|
|
|
|
|
(Unaudited)
|
|
Net loss per
ordinary share:
|
|
|
|
|
|
|
|
|
|
|
Basic and
diluted
|
|
|
(33.27)
|
|
|
|
|
|
|
|
Shares used in net
loss per ordinary share
computation:
|
|
|
|
|
|
|
|
|
|
|
Basic and
diluted
|
|
|
64,908,700
|
|
|
|
|
|
|
|
Net loss per Class A
and Class B ordinary share:
|
|
|
|
|
|
|
|
|
|
|
Basic and
diluted
|
|
|
|
|
|
(0.11)
|
|
|
(0.02)
|
|
Shares used in net
loss per Class A and Class B
ordinary share computation:
|
|
|
|
|
|
|
|
|
|
|
Basic and
diluted
|
|
|
|
|
|
324,345,013
|
|
|
324,345,013
|
|
Other comprehensive
(loss)/income, net of tax of nil:
|
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation adjustments
|
|
|
(85,974)
|
|
|
127,627
|
|
|
19,054
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive
(loss)/income
|
|
|
(2,023,371)
|
|
|
93,104
|
|
|
13,900
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accretion of redeemable
convertible preferred shares
|
|
|
(221,948)
|
|
|
-
|
|
|
-
|
|
Accretion of redeemable
noncontrolling interests
|
|
|
-
|
|
|
(1,965)
|
|
|
(293)
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive
(loss)/income attributable to ordinary
shareholders
|
|
|
(2,245,319)
|
|
|
91,139
|
|
|
13,607
|
|
|
|
|
|
|
|
|
|
|
|
|
DINGDONG (CAYMAN)
LIMITED
|
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS
|
(Amounts in
thousands of RMB and US$)
|
|
|
|
|
For the
three months ended
June
30,
|
|
|
|
|
2021
|
|
|
2022
|
|
|
2022
|
|
|
|
|
RMB
|
|
|
RMB
|
|
|
US$
|
|
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (used
in)/generated from operating activities
|
|
|
(1,622,248)
|
|
|
217,725
|
|
|
32,505
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used in
investing activities
|
|
|
(5,114,051)
|
|
|
(359,578)
|
|
|
(53,684)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash generated from
financing activities
|
|
|
3,435,843
|
|
|
865,473
|
|
|
129,212
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rate
changes on cash and cash
equivalents and restricted cash
|
|
|
(61,779)
|
|
|
22,632
|
|
|
3,380
|
|
Net
(decrease)/increase in cash and cash
equivalents
and
restricted
cash
|
|
|
(3,362,235)
|
|
|
746,252
|
|
|
111,413
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and
cash equivalents and restricted cash at
the
beginning of the period
|
|
|
4,414,207
|
|
|
1,266,567
|
|
|
189,093
|
|
Cash
and cash equivalents and restricted cash at the
end of the period
|
|
|
1,051,972
|
|
|
2,012,819
|
|
|
300,506
|
|
|
|
|
|
|
|
|
|
|
|
|
DINGDONG (CAYMAN)
LIMITED
|
|
UNAUDITED
RECONCILIATION OF GAAP AND NON-GAAP RESULTS
|
|
(Amounts in
thousands of RMB and US$, except for number of shares and per share
data)
|
|
|
|
|
For the
three months ended
June 30,
|
|
|
|
|
2021
|
|
|
2022
|
|
|
2022
|
|
|
|
|
RMB
|
|
|
RMB
|
|
|
US$
|
|
|
|
|
(Unaudited)
|
|
Net loss
|
|
|
(1,937,397)
|
|
|
(34,523)
|
|
|
(5,154)
|
|
Add: share-based
compensation expenses (1)
|
|
|
208,943
|
|
|
55,111
|
|
|
8,228
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net (loss)
/ income
|
|
|
(1,728,454)
|
|
|
20,588
|
|
|
3,074
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
margin
|
|
|
(41.7 %)
|
|
|
(0.5 %)
|
|
|
|
|
Add: share-based
compensation expenses
|
|
|
4.5 %
|
|
|
0.8 %
|
|
|
|
|
Non-GAAP net (loss) /
profit margin
|
|
|
(37.2 %)
|
|
|
0.3 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable
to ordinary shareholders
|
|
|
(2,159,345)
|
|
|
(36,488)
|
|
|
(5,447)
|
|
|
|
|
|
|
|
|
|
|
|
|
Add: share-based
compensation expenses (1)
|
|
|
208,943
|
|
|
55,111
|
|
|
8,228
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net
(loss)/income attributable to
ordinary shareholders
|
|
|
(1,950,402)
|
|
|
18,623
|
|
|
2,781
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share:
|
|
|
|
|
|
|
|
|
|
|
Basic and
diluted
|
|
|
(33.27)
|
|
|
|
|
|
|
|
Add: share-based
compensation expenses
|
|
|
3.22
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net loss
per ordinary share:
Basic and
diluted
|
|
|
(30.05)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per Class A
and Class B ordinary share:
|
|
|
|
|
|
|
|
|
|
|
Basic and
diluted
|
|
|
|
|
|
(0.11)
|
|
|
(0.02)
|
|
Add: share-based
compensation expenses
|
|
|
|
|
|
0.17
|
|
|
0.03
|
|
Non-GAAP net income
per Class A and Class B
ordinary share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and
diluted
|
|
|
|
|
|
0.06
|
|
|
0.01
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Share-based
compensation expenses are recognized as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the
three months ended
June
30,
|
|
|
|
|
2021
|
|
|
2022
|
|
|
2022
|
|
|
|
|
RMB
|
|
|
RMB
|
|
|
US$
|
|
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Fulfillment
expenses
|
|
|
2,536
|
|
|
11,139
|
|
|
1,663
|
|
Sales and marketing
expenses
|
|
|
89
|
|
|
2,778
|
|
|
415
|
|
Product development
expenses
|
|
|
5,635
|
|
|
24,880
|
|
|
3,714
|
|
General and
administrative expenses
|
|
|
200,683
|
|
|
16,314
|
|
|
2,436
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
208,943
|
|
|
55,111
|
|
|
8,228
|
|
|
|
|
|
|
|
|
|
|
|
|
View original
content:https://www.prnewswire.com/news-releases/dingdong-cayman-limited-announces-second-quarter-2022-financial-results-301604219.html
SOURCE Dingdong (Cayman) Limited