BEIJING, March 29,
2023 /PRNewswire/ -- 36Kr Holdings Inc.
("36Kr" or the "Company" or "We") (NASDAQ: KRKR), a prominent brand
and a pioneering platform dedicated to serving New Economy
participants in China, today
announced its unaudited financial results for the fourth quarter
and fiscal year ended December 31,
2022.
Fourth Quarter 2022 Highlights
- Number of followers[1] as of December 31, 2022 reached 28.7 million, an
increase of 22.6% from 23.4 million as of December 31, 2021.
- Total revenues were RMB96.6
million (US$14.0 million) in
the fourth quarter of 2022, compared to RMB116.3 million in the same period of 2021.
- Net loss was RMB21.5
million (US$3.1 million) in
the fourth quarter of 2022, compared to net income of RMB15.4 million in the same period of 2021.
Fiscal Year 2022 Financial Highlights
- Total revenues increased by 1.8% to RMB322.5 million (US$46.8
million) in fiscal year 2022, compared to RMB316.8 million in the prior year.
- Revenues from online advertising services increased by
3.2% to RMB221.6 million
(US$32.1 million) in fiscal year
2022, from RMB214.7 million in the
prior year.
- Revenues from enterprise value-added services were
RMB72.6 million (US$10.5 million) in fiscal year 2022, compared to
RMB74.0 million in the prior
year.
- Revenues from subscription services increased by 0.7% to
RMB28.2 million (US$4.1 million) in fiscal year 2022, from
RMB28.0 million in the prior
year.
- Gross profit was RMB184.6
million (US$26.8 million) in
fiscal year 2022, compared to RMB187.9
million in the prior year. Gross profit margin was
57.3% in fiscal year 2022, compared to 59.3% in the prior
year.
- Net income was RMB22.6
million (US$3.3 million) in
fiscal year 2022, compared to net loss of RMB90.6 million in the prior year.
[1] "Number
of followers" refers to the aggregate number of followers across
the official accounts we own and/or operate on various social media
and online platforms, including but not limited to Weixin, Weibo,
Zhihu, Toutiao, Xinhua Net, Douyin and Bilibili.
|
Selected Operating
Data
|
|
|
|
For the Fiscal Year
Ended
December
31,
|
|
|
2021
|
|
2022
|
Online advertising
services
|
|
|
|
|
Number of online
advertising services end customers
|
|
512
|
|
532
|
Average revenue per
online advertising services end
customer (RMB'000)[2]
|
|
419.4
|
|
416.6
|
|
|
|
|
|
Enterprise
value-added services
|
|
|
|
|
Number of enterprise
value-added services end customers
|
|
302
|
|
252
|
Average revenue per
enterprise value-added services end
customer (RMB'000)[3]
|
|
245.1
|
|
288.3
|
|
|
|
|
|
Subscription
services
|
|
|
|
|
Number of individual
subscribers
|
|
1,874
|
|
437
|
Average revenue per
individual subscriber (RMB)[4]
|
|
1,302.7
|
|
1,643.5
|
|
|
|
|
|
Number of institutional
investors
|
|
208
|
|
217
|
Average revenue per
institutional investor (RMB'000)[5]
|
|
123.0
|
|
126.8
|
[2] Equals
revenues generated from online advertising services for a period
divided by the number of online advertising services end customers
in the same period.
|
[3] Equals
revenues generated from enterprise value-added services for a
period divided by the number of enterprise value-added services end
customers in the same period.
|
[4] Equals
revenues generated from individual subscription services for a
period divided by the number of individual subscribers in the same
period.
|
[5] Equals
revenues generated from institutional investor subscription
services for a period divided by the number of institutional
investors in the same period
|
Mr. Dagang Feng, Co-chairman and
CEO of 36Kr, commented, "Despite pandemic resurgences and
macroeconomic challenges in 2022, we navigated through numerous
headwinds and concluded the year on a solid note. Our full-year
revenue grew 2% year-over-year and net income reached RMB23 million, marking our first full-year profit
since our listing. These strong results were driven by our
continuous innovation in New Economy-focused content, product and
services, which also elevated our ever-growing influence and value
proposition to our consumers. As of the end of 2022, the number of
our followers exceeded 28 million, representing an increase of 23%
year-over-year. Moreover, our new application-level product, 36Kr
Enterprise Service Review platform, continued to see a robust
uptick across multiple operating metrics and growing
commercialization momentum. As we embark on 2023, we will remain
focused on enriching our content ecosystem and product matrix,
fueling our efforts to seize the New Economy's tremendous growth
potential. We believe that our firm fundamentals have positioned us
to propel the Company to even greater heights and unlock more value
in 2023 and beyond."
Ms. Lin Wei, Chief Financial
Officer of 36Kr, added, "Our solid financial performance in fiscal
year 2022 is a testament to our businesses' resilience and vitality
given the COVID-19 resurgences and macro uncertainties during the
year. We managed to grow our top-line on a full-year basis while
maintaining our gross margin at a relatively stable level, against
the backdrop of various external challenges and complications.
Notably, we also achieved our first full-year profitability since
our IPO as we refined our revenue mix, cost structure and
operational efficiency, as well as our investment rationale.
Heading into 2023, we will continue to amplify our core competitive
advantages, expand our product and service offerings and explore
greater monetization potential, reaffirming our longstanding
commitment to creating sustainable value for our shareholders and
society."
Fourth Quarter 2022 Financial Results
Total revenues decreased by 17.0% to RMB96.6 million (US$14.0
million) in the fourth quarter of 2022, from RMB116.3 million in the same period of
2021.
- Online advertising services revenues were RMB62.2 million (US$9.0
million) in the fourth quarter of 2022, compared to
RMB76.4 million in the same period of
2021. The decrease was primarily attributable to relatively weak
advertising spending caused by the negative impact of COVID-19
control measures and infections across China during the fourth quarter of 2022.
- Enterprise value-added services revenues were
RMB25.4 million (US$3.7 million) in the fourth quarter of 2022,
compared to RMB30.3 million in the
same period of 2021. The decrease was primarily because some of our
offline events were delayed or downscaled due to disruptions from
COVID-19.
- Subscription services revenues were RMB8.9 million (US$1.3
million) in the fourth quarter of 2022, compared to
RMB9.6 million in the same period of
2021. The decrease was primarily attributable to the negative
impact of COVID-19.
Cost of revenues was RMB47.6
million (US$6.9 million) in
the fourth quarter of 2022, compared to RMB40.7 million in the same period of 2021. The
increase was primarily attributable to higher content costs related
to expansion of commercial-oriented content programs.
Gross profit was RMB48.9
million (US$7.1 million) in
the fourth quarter of 2022, compared to RMB75.6 million in the same period of 2021.
Gross profit margin was 50.7% in the fourth quarter of 2022,
compared to 65.0% in the same period of 2021.
Operating expenses were RMB69.0 million (US$10.0 million) in the fourth quarter of
2022, compared to RMB61.6 million in the same period of
2021.
- Sales and marketing expenses were RMB32.8 million (US$4.8
million) in the fourth quarter of 2022, a decrease of 16.5%
from RMB39.3 million in the same
period of 2021, primarily attributable to the decrease in marketing
related expenses.
- General and administrative expenses were RMB21.7 million (US$3.1
million) in the fourth quarter of 2022, compared to
RMB9.6 million in the same period of
2021. The variance was primarily attributable to the release of
allowance for credit losses recognized in the fourth quarter of
2021.
- Research and development expenses were RMB14.5 million (US$2.1
million) in the fourth quarter of 2022, compared to
RMB12.6 million in the same period of
2021. The increase was primarily attributable to the increase of
payroll-related expenses.
Share-based compensation expenses recognized in cost of
revenues, sales and marketing expenses, research and development
expenses, as well as general and administrative expenses totaled
RMB4.6 million (US$0.7 million) in the fourth quarter of 2022,
compared to RMB4.1 million in the
same period of 2021.
Other expenses were RMB1.2
million (US$0.2 million) in
the fourth quarter of 2022, compared to other income of
RMB1.5 million in the same period of
2021
Income tax expenses were RMB0.2 million (US$28.0 thousand) in the fourth quarter of
2022, compared to RMB93.0 thousand in
the same period of 2021.
Net loss was RMB21.5
million (US$3.1 million)
in the fourth quarter of 2022, compared to net income of
RMB15.4 million in the same period of
2021. Non-GAAP adjusted net loss[6] was
RMB16.9 million (US$2.4 million) in the fourth quarter of 2022,
compared to non-GAAP adjusted net income of RMB19.6 million in the same period of 2021.
[6] Non-GAAP
adjusted income/(loss) represents net income/(loss) excluding
share-based compensation expenses
|
Net loss attributable to 36Kr Holdings Inc.'s ordinary
shareholders was RMB20.8 million (US$3.0 million) in the fourth quarter of
2022, compared to net income attributable to 36Kr Holdings Inc.'s
ordinary shareholders of RMB14.6 million in the same period of
2021.
Basic and diluted net loss per ADS were both RMB0.50 (US$0.07)
in the fourth quarter of 2022, compared to basic and diluted net
income per ADS of RMB0.36 in the same
period of 2021.
Certain Balance Sheet Items
As of December 31, 2022, the
Company had cash, cash equivalents, restricted cash and short-term
investments of RMB184.9 million
(US$26.8 million), compared to
RMB164.0 million as of September 30, 2022. The increase was mainly
attributable to positive cash inflow from operating activities,
partially offset by the long-term investment in a New Economy
start-up company in the fourth quarter of 2022.
Fiscal Year 2022 Financial Results
Total revenues were RMB322.5
million (US$46.8 million) in
fiscal year 2022, compared to RMB316.8
million in the prior year.
- Online advertising services revenues were RMB 221.6 million (US$32.1
million) in fiscal year 2022, representing an increase of
3.2%, compared to RMB214.7 million in
the prior year. The increase was primarily attributable to more
innovative marketing solutions we provided to our customers as well
as proactive sales strategies we adopted to navigate the
challenging environment during the year.
- Enterprise value-added services revenues were
RMB72.6 million (US$10.5 million) in fiscal year 2022, compared to
RMB74.0 million in the prior year.
The decrease was primarily because to some of our offline events
were delayed or downscaled due to disruptions from COVID-19.
- Subscription services revenues were RMB28.2 million (US$4.1
million) in fiscal year 2022, representing an increase of
0.7%, compared to RMB28.0 million in
the prior year. The increase was primarily attributable to our
continuous efforts to offer high-quality subscription products to
our subscribers.
Cost of revenues was RMB137.8
million (US$20.0 million) in
fiscal year 2022, compared to RMB128.8
million in the prior year. The increase was primarily
attributable to the increase in content related costs, partially
offset by the decrease in costs of offline events.
Gross profit was RMB184.6
million (US$26.8 million) in
fiscal year 2022, compared to RMB187.9 million in the prior year. Gross
profit margin was 57.3% in fiscal year 2022, compared to 59.3%
in the prior year.
Operating expenses were RMB229.2 million (US$33.2 million) in fiscal year 2022,
compared to RMB282.0 million in
the prior year.
- Sales and marketing expenses were RMB122.1 million (US$17.7
million) in fiscal year 2022, compared to RMB143.9 million in the prior year. The decrease
was primarily attributable to the decrease in payroll-related
expenses, share-based compensation expenses, marketing expenses and
promotion fees.
- General and administrative expenses were RMB52.1 million (US$7.6million) in fiscal year 2022, compared to
RMB90.6 million in the prior year.
The decrease was primarily attributable to the release of the
allowance for credit losses amounted to RMB33.3 million and the decrease in professional
fees. The release of allowance for credit losses was mainly due to
improved collection of accounts receivable, as we continuously
increase our efforts in accounts receivable collection.
- Research and development expenses were RMB55.0 million (US$8.0
million) in fiscal year 2022, compared to RMB47.5 million in the prior year. The increase
was primarily attributable to the increase in payroll-related
expenses as we bolstered our research and development
capabilities.
Share-based compensation expenses recognized in cost of
revenues, sales and marketing expenses, research and development
expenses, as well as general and administrative expenses totaled
RMB13.9 million (US$2.0 million) in fiscal year 2022, compared to
RMB15.0 million in the prior
year.
Other income was RMB67.5
million (US$9.8 million) in
fiscal year 2022, compared to RMB3.6
million in the prior year. The increase was primarily
attributable to gain arising from disposal of a subsidiary and
investment income arising from fair value changes of long-term
investments, as well as income generated from write-offs of
accounts payable.
Income tax expenses were RMB0.4 million (US$52 thousand) in
fiscal year 2022, compared to RMB0.1 million in the prior year.
Net income was RMB22.6
million (US$3.3 million) in
fiscal year 2022, compared to net loss of RMB90.6 million
in the prior year. Non-GAAP adjusted net income was
RMB36.5 million (US$5.3 million) in fiscal year 2022,
compared to Non-GAAP adjusted net loss of RMB75.6 million in the prior year.
Net income attributable to 36Kr Holdings Inc.'s ordinary
shareholders was RMB21.9
million (US$3.2 million)
in fiscal year 2022, compared to net loss attributable to 36Kr
Holdings Inc.'s ordinary shareholders of RMB89.6 million in the prior year.
Basic and diluted net income per ADS were both
RMB0.53 (US$0.08) in fiscal year 2022, compared to basic
and diluted net loss per ADS of RMB2.19 in the prior year.
Conference Call
The Company's management will host an earnings conference call
at 8:00 AM U.S. Eastern Time on
March 29, 2023 (8:00 PM
Beijing/Hong Kong Time on March 29, 2023).
For participants who wish to join the call by phone, please
access the link provided below to complete the pre-registration and
dial in 5 minutes prior to the scheduled call start time. Upon
registration, each participant will receive dial-in details to join
the conference call.
Event Title:
|
36Kr Holdings Inc.
Fourth Quarter and Fiscal Year 2022 Earnings Conference
Call
|
Pre-registration
link:
|
https://s1.c-conf.com/diamondpass/10029686-7z13rg.html
|
Additionally, a live and archived webcast of the conference call
will be available on the Company's investor relations website at
http://ir.36kr.com.
A replay of the conference call will be available for one week
from the date of the conference, by dialing the following telephone
numbers:
United
States:
|
+1-855-883-1031
|
International:
|
+61-7-3107-6325
|
Hong Kong,
China:
|
800-930-639
|
Mainland
China:
|
400-120-9216
|
Replay PIN:
|
10029686
|
About 36Kr Holdings Inc.
36Kr Holdings Inc. is a prominent brand and a pioneering
platform dedicated to serving New Economy participants in
China with the mission of
empowering New Economy participants to achieve more. The Company
started its business with high-quality New Economy-focused content
offerings, covering a variety of industries in China's New Economy with diverse distribution
channels. Leveraging traffic brought by high-quality content, the
Company has expanded its offerings to business services, including
online advertising services, enterprise value-added services and
subscription services to address the evolving needs of New Economy
companies and upgrading needs of traditional companies. The Company
is supported by comprehensive database and strong data analytics
capabilities. Through diverse service offerings and the significant
brand influence, the Company is well-positioned to continuously
capture the high growth potentials of China's New Economy.
For more information, please visit: http://ir.36kr.com.
Use of Non-GAAP Financial Measures
In evaluating its business, the Company considers and uses two
non-GAAP measures, adjusted net income/(loss) and adjusted EBITDA,
as supplemental measures to review and assess its operating
performance. The presentation of these two non-GAAP financial
measures is not intended to be considered in isolation or as a
substitute for the financial information prepared and presented in
accordance with U.S. GAAP. The Company presents these non-GAAP
financial measures because they are used by the Company's
management to evaluate its operating performance and formulate
business plans. The Company also believes that the use of these
non-GAAP measures facilitates investors' assessment of its
operating performance.
These non-GAAP financial measures are not defined under U.S.
GAAP and are not presented in accordance with U.S. GAAP. These
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 our operations. Further, these non-GAAP
measures may differ from the non-GAAP information used by other
companies, including peer companies, and therefore their
comparability may be limited.
The Company compensates for these limitations by reconciling
these non-GAAP financial measures to the nearest U.S. GAAP
performance measure, all of which should be considered when
evaluating the Company performance. The Company encourages
investors to review its financial information in its entirety and
not rely on a single financial measure.
Adjusted net loss represents net loss excluding share-based
compensation expenses.
Adjusted EBITDA represents adjusted net income/(loss) before
interest income, interest expenses, income tax expense/(credit),
depreciation of property and equipment and amortization of
intangible assets.
For more information on these non-GAAP financial measures,
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
Renminbi to U.S. dollars and from U.S. dollars to Renminbi are made
at a rate of RMB6.8972 to
US$1.00, the exchange rate set forth
in the H.10 statistical release of the Federal Reserve Board on of
December 30, 2022.
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, results of operations and financial condition;
relevant government policies and regulations relating to our
business and industry; the Company's expectations regarding the use
of proceeds from this offering; the Company's expectations
regarding demand for, and market acceptance of, its services; the
Company's ability to maintain and enhance its brand; the Company's
ability to provide high-quality content in a timely manner to
attract and retain users; the Company's ability to retain and hire
quality in-house writers and editors; the Company's ability to
maintain cooperation with third-party professional content
providers; the Company's ability to maintain relationship with
third-party platforms; general economic and business condition in
China; possible disruptions in
commercial activities caused by natural or human-induced disasters;
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:
36Kr Holdings Inc.
Investor Relations
Tel: +86 (10) 5825-4188
E-mail: ir@36kr.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: 36Kr@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: 36Kr@tpg-ir.com
36Kr Holdings
Inc.
|
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEETS
|
|
|
December 31,
|
|
December 31,
|
|
December 31,
|
2021
|
2022
|
2022
|
|
RMB'000
|
|
RMB'000
|
|
US$'000
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
Cash and cash
equivalents
|
96,965
|
|
142,511
|
|
20,662
|
Restricted
cash
|
-
|
|
100
|
|
14
|
Short–term
investments
|
119,140
|
|
42,270
|
|
6,129
|
Accounts receivable,
net
|
180,161
|
|
197,528
|
|
28,639
|
Receivables due from
related parties
|
3,630
|
|
858
|
|
124
|
Prepayments and other
current assets
|
42,612
|
|
16,159
|
|
2,343
|
Total current
assets
|
442,508
|
|
399,426
|
|
57,911
|
Non–current
assets:
|
|
|
|
|
|
Property and
equipment, net
|
3,159
|
|
2,428
|
|
352
|
Intangible assets,
net
|
808
|
|
1,249
|
|
181
|
Long-term
investments
|
41,442
|
|
137,357
|
|
19,915
|
Operating lease
right-of-use assets, net
|
13,818
|
|
30,911
|
|
4,482
|
Total non–current
assets
|
59,227
|
|
171,945
|
|
24,930
|
Total
assets
|
501,735
|
|
571,371
|
|
82,841
|
|
|
|
|
|
|
Liabilities
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
Accounts
payable
|
56,266
|
|
53,465
|
|
7,752
|
Salary and welfare
payables
|
55,788
|
|
52,204
|
|
7,569
|
Taxes
payable
|
12,836
|
|
10,874
|
|
1,577
|
Deferred
revenue
|
28,863
|
|
24,575
|
|
3,563
|
Amounts due to related
parties
|
1,328
|
|
312
|
|
45
|
Accrued liabilities
and other payables
|
17,501
|
|
27,606
|
|
4,002
|
Short-term bank
loan
|
5,000
|
|
9,950
|
|
1,443
|
Operating lease
liabilities
|
16,302
|
|
31,293
|
|
4,537
|
Total current
liabilities
|
193,884
|
|
210,279
|
|
30,488
|
Non-current
liabilities:
|
|
|
|
|
|
Operating lease
liabilities
|
586
|
|
15,093
|
|
2,188
|
Other non-current
liabilities
|
-
|
|
615
|
|
89
|
Total non-current
liabilities
|
586
|
|
15,708
|
|
2,277
|
Total
liabilities
|
194,470
|
|
225,987
|
|
32,765
|
|
|
|
|
|
|
Shareholders'
equity
|
|
|
|
|
|
Ordinary
shares
|
694
|
|
694
|
|
101
|
Treasury
stock
|
(13,598)
|
|
(12,010)
|
|
(1,741)
|
Additional paid-in
capital
|
2,049,448
|
|
2,061,491
|
|
298,888
|
Accumulated
deficit
|
(1,728,152)
|
|
(1,706,209)
|
|
(247,377)
|
Accumulated other
comprehensive loss
|
(8,987)
|
|
(5,860)
|
|
(850)
|
Total 36Kr Holdings
Inc.'s shareholders' equity
|
299,405
|
|
338,106
|
|
49,021
|
Non-controlling
interests
|
7,860
|
|
7,278
|
|
1,055
|
Total shareholders'
equity
|
307,265
|
|
345,384
|
|
50,076
|
Total liabilities
and shareholders' equity
|
501,735
|
|
571,371
|
|
82,841
|
36Kr Holdings
Inc.
|
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF COMPREHENSIVE
INCOME/(LOSS)
|
|
|
Three Months
Ended
|
|
Twelve Months
Ended
|
|
December 31,
|
|
December 31,
|
|
December 31,
|
|
December 31,
|
|
December 31,
|
|
December 31,
|
2021
|
2022
|
2022
|
2021
|
2022
|
2022
|
|
RMB'000
|
|
RMB'000
|
|
US$'000
|
|
RMB'000
|
|
RMB'000
|
|
US$'000
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
Online advertising
services
|
76,393
|
|
62,246
|
|
9,025
|
|
214,722
|
|
221,620
|
|
32,132
|
Enterprise value-added
services
|
30,333
|
|
25,396
|
|
3,682
|
|
74,032
|
|
72,640
|
|
10,532
|
Subscription
services
|
9,561
|
|
8,933
|
|
1,295
|
|
28,025
|
|
28,237
|
|
4,094
|
Total
revenues
|
116,287
|
|
96,575
|
|
14,002
|
|
316,779
|
|
322,497
|
|
46,758
|
Cost of
revenues
|
(40,735)
|
|
(47,626)
|
|
(6,905)
|
|
(128,844)
|
|
(137,848)
|
|
(19,986)
|
Gross
profit
|
75,552
|
|
48,949
|
|
7,097
|
|
187,935
|
|
184,649
|
|
26,772
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
|
Sales and marketing
expenses
|
(39,303)
|
|
(32,802)
|
|
(4,756)
|
|
(143,887)
|
|
(122,069)
|
|
(17,698)
|
General and
administrative expenses
|
(9,622)
|
|
(21,699)
|
|
(3,146)
|
|
(90,636)
|
|
(52,072)
|
|
(7,550)
|
Research and
development expenses
|
(12,635)
|
|
(14,538)
|
|
(2,108)
|
|
(47,518)
|
|
(55,045)
|
|
(7,981)
|
Total operating
expenses
|
(61,560)
|
|
(69,039)
|
|
(10,010)
|
|
(282,041)
|
|
(229,186)
|
|
(33,229)
|
Income/(loss) from
operations
|
13,992
|
|
(20,090)
|
|
(2,913)
|
|
(94,106)
|
|
(44,537)
|
|
(6,457)
|
Other
income/(expenses):
|
|
|
|
|
|
|
|
|
|
|
|
Share of loss from
equity method investments
|
(1,417)
|
|
(234)
|
|
(34)
|
|
(5,473)
|
|
51
|
|
7
|
Gain on disposal of a
subsidiary
|
-
|
|
-
|
|
-
|
|
-
|
|
38,019
|
|
5,512
|
Long-term investment
income/(loss), net
|
-
|
|
(2,500)
|
|
(362)
|
|
-
|
|
15,964
|
|
2,315
|
Short-term investment
income
|
587
|
|
364
|
|
53
|
|
2,485
|
|
1,999
|
|
290
|
Government
grant
|
877
|
|
96
|
|
14
|
|
3,304
|
|
3,447
|
|
500
|
Others,
net
|
1,473
|
|
1,047
|
|
152
|
|
3,283
|
|
8,055
|
|
1,168
|
Income/(loss) before
income tax
|
15,512
|
|
(21,317)
|
|
(3,090)
|
|
(90,507)
|
|
22,998
|
|
3,335
|
Income tax
expenses
|
(93)
|
|
(190)
|
|
(28)
|
|
(102)
|
|
(361)
|
|
(52)
|
Net
income/(loss)
|
15,419
|
|
(21,507)
|
|
(3,118)
|
|
(90,609)
|
|
22,637
|
|
3,283
|
Net
(income)/loss attributable to non-controlling
interests
|
(858)
|
|
692
|
|
100
|
|
1,038
|
|
(694)
|
|
(101)
|
Net income/(loss)
attributable to 36Kr Holdings
Inc.'s ordinary shareholders
|
14,561
|
|
(20,815)
|
|
(3,018)
|
|
(89,571)
|
|
21,943
|
|
3,182
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income/(loss)
|
15,419
|
|
(21,507)
|
|
(3,118)
|
|
(90,609)
|
|
22,637
|
|
3,283
|
Other comprehensive
income/(loss)
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation adjustments
|
(719)
|
|
(621)
|
|
(90)
|
|
(1,090)
|
|
3,127
|
|
453
|
Total other
comprehensive income/(loss)
|
(719)
|
|
(621)
|
|
(90)
|
|
(1,090)
|
|
3,127
|
|
453
|
Total comprehensive
income/(loss)
|
14,700
|
|
(22,128)
|
|
(3,208)
|
|
(91,699)
|
|
25,764
|
|
3,736
|
Net
loss/(income) attributable to non-controlling
interests
|
(858)
|
|
692
|
|
100
|
|
1,038
|
|
(694)
|
|
(101)
|
Comprehensive
income/(loss) attributable to 36Kr
Holdings Inc.'s ordinary
shareholders
|
13,842
|
|
(21,436)
|
|
(3,108)
|
|
(90,661)
|
|
25,070
|
|
3,635
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income/(loss)
per ordinary share (RMB)
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
0.014
|
|
(0.020)
|
|
(0.003)
|
|
(0.087)
|
|
0.021
|
|
0.003
|
Diluted
|
0.014
|
|
(0.020)
|
|
(0.003)
|
|
(0.087)
|
|
0.021
|
|
0.003
|
Net income/(loss)
per ADS (RMB)
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
0.356
|
|
(0.498)
|
|
(0.072)
|
|
(2.185)
|
|
0.530
|
|
0.077
|
Diluted
|
0.356
|
|
(0.498)
|
|
(0.072)
|
|
(2.185)
|
|
0.530
|
|
0.077
|
Weighted average
number of ordinary shares used in
per share calculation
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
1,023,363,947
|
|
1,044,317,684
|
|
1,044,317,684
|
|
1,025,068,349
|
|
1,034,547,219
|
|
1,034,547,219
|
Diluted
|
1,023,363,947
|
|
1,044,317,684
|
|
1,044,317,684
|
|
1,025,068,349
|
|
1,034,547,219
|
|
1,034,547,219
|
Weighted average
number of ADS used in per ADS
calculation
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
40,934,558
|
|
41,772,707
|
|
41,772,707
|
|
41,002,734
|
|
41,381,889
|
|
41,381,889
|
Diluted
|
40,934,558
|
|
41,772,707
|
|
41,772,707
|
|
41,002,734
|
|
41,381,889
|
|
41,381,889
|
36Kr Holdings
Inc.
|
UNAUDITED RECONCILIATIONS OF GAAP AND
NON-GAAP RESULTS
|
|
|
Three Months
Ended
|
|
Twelve Months
Ended
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
2021
|
2022
|
2022
|
2021
|
2022
|
2022
|
|
RMB'000
|
|
RMB'000
|
|
US$'000
|
|
RMB'000
|
|
RMB'000
|
|
US$'000
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income/(loss)
|
15,419
|
|
(21,507)
|
|
(3,118)
|
|
(90,609)
|
|
22,637
|
|
3,283
|
Share-based
compensation expenses
|
4,138
|
|
4,618
|
|
670
|
|
15,018
|
|
13,886
|
|
2,013
|
Non-GAAP adjusted
net income/(loss)
|
19,557
|
|
(16,889)
|
|
(2,448)
|
|
(75,591)
|
|
36,523
|
|
5,296
|
Interest income,
net
|
(396)
|
|
(475)
|
|
(69)
|
|
(903)
|
|
(1,039)
|
|
(151)
|
Income tax
expenses
|
93
|
|
190
|
|
28
|
|
102
|
|
361
|
|
52
|
Depreciation and amortization
expenses
|
735
|
|
499
|
|
72
|
|
2,659
|
|
1,922
|
|
279
|
Non-GAAP adjusted
EBITDA
|
19,989
|
|
(16,675)
|
|
(2,417)
|
|
(73,733)
|
|
37,767
|
|
5,476
|
View original
content:https://www.prnewswire.com/news-releases/36kr-holdings-inc-reports-fourth-quarter-and-fiscal-year-2022-unaudited-financial-results-301784358.html
SOURCE 36Kr Holdings Inc.