Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), China’s
leading local on-demand delivery and retail platform, today
announced its unaudited financial results for the second quarter
ended June 30, 2022.
Second Quarter 2022
Highlights
- Total net revenues in the second quarter were
RMB2,281.1 million.
- Total Gross Merchandise Volume (“GMV”) of JDDJ
for the twelve months ended June 30, 2022 was RMB54.6 billion, an
increase of 68.9% year over year from RMB32.3 billion in the same
period of 2021.
- Number of active consumers for the twelve
months ended June 30, 2022 was 72.8 million, as compared with 51.3
million in the same period of 2021.
“With trust from partners and strong
digitalization capabilities, Dada is uniquely positioned in the
changing consumption environment,” said Mr. Philip Kuai, Chairman
and Chief Executive Officer of Dada. “We are proud to deliver solid
results amid macro uncertainties, thanks to the invaluable support
from our employees, customers, and strategic partners. Riding on
the consumption trend towards on-demand shopping and leveraging our
dual-engine business comprising JDDJ and Dada Now, we are well
prepared to head for a brighter future.”
“Local on-demand retail and delivery service
represents one of the biggest opportunities in this era,” said Mr.
Jeff He, incoming President of Dada. “Joining hands with JD.com, we
will leverage our respective strengths to lead the industry growth,
while exploring innovative models to improve efficiency and
customer experience for the whole retail sector.”
“It is encouraging to see impressive revenue
growth and significant progress towards profitability,” said Mr.
Beck Chen, Chief Financial Officer of Dada. “In the second quarter,
Dada continued to deliver strong top-line growth with revenue
growing by 55% year over year. In the meantime, our net margin
improved by 18 percentage points year over year, marking a
remarkable milestone in our path to profitability. Going forward,
we will stay committed to empowering partners, streamlining
operations, and driving our business growth in a sustainable
way.”
Second Quarter 2022 Financial
Results
Total net revenues were
RMB2,281.1 million.
|
|
For the three months ended June 30, |
|
|
2021 |
|
2022 |
|
|
|
|
|
|
|
(RMB in thousands) |
Net Revenue |
|
|
|
|
Dada Now |
|
|
|
|
Services |
|
576,712 |
|
793,844 |
Sales of goods |
|
16,792 |
|
21,791 |
Subtotal |
|
593,504 |
|
815,635 |
JDDJ |
|
|
|
|
Servicesnote (1) |
|
881,090 |
|
1,460,612 |
Sales of goods |
|
— |
|
4,845 |
Subtotal |
|
881,090 |
|
1,465,457 |
Total |
|
1,474,594 |
|
2,281,092 |
Note: (1) Includes net revenues from (i)
commission fee, and online advertising and marketing services of
RMB510,417 and RMB897,223 for the three months ended June 30, 2021
and 2022, respectively; and (ii) fulfillment services and others of
RMB370,673 and RMB563,389 for the three months ended June 30, 2021
and 2022, respectively.
- Net
revenues generated from Dada Now increased by 37.4% from
RMB593.5 million in the second quarter of 2021 to RMB815.6 million
in the second quarter of 2022, mainly driven by the increases in
order volume of intra-city delivery service to chain
merchants.
- Net
revenues generated from JDDJ increased by 66.3% from
RMB881.1 million in the second quarter of 2021 to RMB1,465.5
million in the second quarter of 2022, mainly due to the increase
in GMV from the same quarter last year, which was driven by
increases in the number of active consumers and average order size.
The increase in online marketing services revenue as a result of
the increasing promotional activities launched by brand owners and
retailers also contributed to the increment of the net revenues
generated from JDDJ.
Total costs and expenses were
RMB2,909.3 million, compared with RMB2,205.8 million in the same
quarter of 2021.
-
Operations and support costs were RMB1,431.3
million, compared with RMB1,136.5 million in the same quarter of
2021. The increase was primarily due to an increase in rider cost
as a result of increasing order volume for intra-city delivery
services provided to various chain merchants on the Dada Now
platform and retailers on the JDDJ platform.
- Selling
and marketing expenses were RMB1,190.2 million, compared
with RMB824.2 million in the same quarter of 2021. The increase was
primarily due to (i) growing incentives to JDDJ consumers, (ii) an
increase in advertising and marketing expenses to attract new
consumers to JDDJ platform, and (iii) amortization of the business
cooperation agreement (“BCA”) in connection with the share
subscription transaction with JD.com in February 2022.
- General
and administrative expenses were RMB99.9 million, compared
with RMB100.1 million in the same quarter of 2021. The measure
was flat primarily due to efficient expense control measures.
-
Research and development expenses were RMB160.0
million, compared with RMB132.3 million in the same quarter of
2021. The increase was mainly attributable to the increase in
research and development personnel cost as the Company continues to
strengthen its technological capabilities.
Loss from operations was
RMB608.7 million, compared with RMB665.8 million in the same
quarter of 2021.
Non-GAAP loss from
operations1 was RMB424.2 million,
compared with RMB573.3 million in the same quarter of 2021.
Net loss was RMB578.8 million,
compared with RMB640.4 million in the same period of 2021.
Non-GAAP net
loss2 was RMB395.6 million, compared with
RMB549.2 million in the same period of 2021.
Net loss attributable to ordinary
shareholders of Dada was RMB578.8 million, compared with
RMB640.4 million in the same quarter of 2021.
Non-GAAP net loss attributable to
ordinary shareholders of Dada3 was
RMB395.6 million, compared with RMB549.2 million in the same
quarter of 2021.
Basic and diluted net loss per
share was RMB0.60, compared with RMB0.67 for the second
quarter of 2021.
Non-GAAP basic and diluted net loss per
share4 was RMB0.41, compared with RMB0.58
for the second quarter of 2021.
As of June 30, 2022, the Company had RMB4,350.2
million in cash, cash equivalents, restricted cash and
short-term investments, an increase from RMB1,764.8
million as of December 31, 2021.
Pursuant to our US$70 million share repurchase
program announced in March 2022, as of June 30, 2022, we had
repurchased approximately US$32.7 million of ADSs under this
repurchase program.
Environment, Social Responsibility and
Corporate Governance
The Company continued to execute its ESG
strategy in a committed and proactive way:
- At the end of
June, the Company released its first ESG report after undertaking
significant research to identify the ESG issues that matter most to
its stakeholders. The Company provided details on its ESG efforts
and performance in the areas of governance, human resources
development, quality products and services, partner empowerment,
environmentally friendly initiatives, and social care commitment.
Meanwhile, the Company remains committed to continuously
implementing its sustainable development strategy.
- During the
second quarter, the Company actively cooperated with local
governmental authorities in Shanghai, Beijing and other cities
affected by COVID-19 resurgence to maintain the supply of daily
necessities, leveraging its strengths as an on-demand retail and
delivery platform to fully embrace social responsibilities. In
June, the Company received an appreciation letter from Shanghai
Municipal Commission of Commerce, which recognized the Company's
significant contribution to the fight against
COVID-19 resurgence in Shanghai.
- In July, the
Company launched the 2022 "Summer Cooling Plan", marking the sixth
consecutive year to carry out summer care programs for its riders.
Under the program, the Company provided heatstroke prevention
materials including quick-dry clothes, ice sleeves and water
bottles to the riders, and carried out nationwide offline panels
for riders' feedback and experience-sharing. In addition, the
Company participated in the "Mutual Aid Protection Scheme for
Workers in New Forms of Employment" launched by Shanghai Federation
of Trade Unions to provide riders with certain insurance coverage
for free.
- The Company
continues to help special groups such as the elderly and the
disabled to enjoy the convenient services enabled by digital
technology in healthcare and other fields. After passing the
aging-friendly and barrier-free assessment launched by the Ministry
of Industry and Information Technology earlier this year, JDDJ App
was highlighted as a case study on aging-friendly and barrier-free
approaches in the "White Paper on Information Accessibility (2022)"
released by the China Academy of Information and Communications
Technology in May 2022.
Business Outlook
For the third quarter of 2022, Dada expects
total revenue to be between RMB2,350 million and RMB2,450 million,
representing year-over-year growth of 39% to 45%. This outlook is
based on information available as of the date of this press release
and reflects the Company's current and preliminary expectations,
which are subject to change in light of various uncertainties,
including those related to the ongoing COVID-19 pandemic.
__________1 Non-GAAP loss from operations
represents loss from operations excluding the impact of share-based
compensation expenses and amortization of intangible assets
resulting from business acquisition.2 Non-GAAP net loss represents
net loss excluding the impact of share-based compensation expenses,
amortization of intangible assets resulting from business
acquisitions and tax benefit from amortization of such intangible
assets.3 Non-GAAP net loss attributable to ordinary shareholders of
Dada is net loss attributable to ordinary shareholders of Dada
excluding the impact of share-based compensation expenses,
amortization of intangible assets resulting from business
acquisition and tax benefit from amortization of such intangible
assets.4 Non-GAAP net loss per share is non-GAAP net loss
attributable to ordinary shareholders of Dada divided by weighted
average number of shares used in calculating net loss per
share.
Conference Call
The Company will host a conference call to
discuss the earnings at 9:30 p.m. Eastern Time on Monday, Aug 22,
2022 (9:30 a.m. Beijing time on Tuesday, Aug 23, 2022).
Please register in advance of the conference
using the link provided below and dial in 10 minutes prior to the
call.
PRE-REGISTER LINK:
https://s1.c-conf.com/diamondpass/10024407-sdmfs22.html
Upon registration, each participant will receive details for the
conference call, including dial-in numbers, conference call
passcode and a unique access PIN. To join the conference, please
dial the number provided, enter the passcode followed by your PIN,
and you will join the conference.
A telephone replay of the call will be available
after the conclusion of the conference call through Aug 29,
2022.
Dial-in numbers
for the replay are as follows: |
|
U.S./Canada |
1-855-883-1031 |
Mainland China |
400-1209-216 |
Hong Kong |
800-930-639 |
Replay PIN |
10024407 |
A live and archived webcast of the conference
call will be available on the Investor Relations section of Dada’s
website at https://ir.imdada.cn/.
Use of Non-GAAP Financial Measures
The Company also uses certain non-GAAP financial
measures in evaluating its business. For example, the Company uses
non-GAAP income/(loss) from operations, non-GAAP operating margin,
non-GAAP net income/(loss), non-GAAP net margin, non-GAAP net
income/(loss) attributable to ordinary shareholders of Dada and
non-GAAP net income/(loss) attributable to ordinary shareholders of
Dada per share as supplemental measures to review and assess its
financial and operating performance. The presentation of these
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. Non-GAAP
income/(loss) from operations is income/(loss) from operations
excluding the impact of share-based compensation expenses and
amortization of intangible assets resulting from business
acquisition. Non-GAAP operating margin is non-GAAP income/(loss)
from operations as a percentage of total net revenues. Non-GAAP net
income/(loss) is net income/(loss) excluding the impact of
share-based compensation expenses, amortization of intangible
assets resulting from business acquisition and tax benefit from
amortization of such intangible assets. Non-GAAP net margin is
non-GAAP net income/(loss) as a percentage of total net revenues.
Non-GAAP net income/(loss) attributable to ordinary shareholders of
Dada is net income/(loss) attributable to ordinary shareholders of
Dada excluding the impact of share-based compensation expenses,
amortization of intangible assets resulting from business
acquisition and tax benefit from amortization of such intangible
assets. Non-GAAP net income/(loss) attributable to ordinary
shareholders of Dada per share is non-GAAP net income/(loss)
attributable to ordinary shareholders of Dada divided by weighted
average number of shares used in calculating net income/(loss) per
share.
The Company presents the non-GAAP financial
measures because they are used by the Company’s management to
evaluate the Company’s financial and operating performance and
formulate business plans. Non-GAAP income/(loss) from operations
and non-GAAP net income/(loss) enable the Company’s management to
assess the Company’s financial and operating results without
considering the impact of share-based compensation expenses,
amortization of intangible assets resulting from business
acquisition and tax benefit from amortization of such intangible
assets. The Company also believes that the use of the non-GAAP
measures facilitates investors’ assessment of the Company’s
financial and operating performance.
The non-GAAP financial measures are not defined
under U.S. GAAP and are not presented in accordance with U.S. GAAP.
The non-GAAP financial measures have limitations as analytical
tools. One of the key limitations of using non-GAAP income/(loss)
from operations, non-GAAP net income/(loss), non-GAAP net
income/(loss) attributable to ordinary shareholders of Dada, and
non-GAAP net income/(loss) attributable to ordinary shareholders of
Dada per share is that they do not reflect all items of income and
expense that affect the Company’s operations. Share-based
compensation expenses, amortization of intangible assets resulting
from business acquisition and tax benefit from amortization of such
intangible assets have been and may continue to be incurred in the
Company’s business and is not reflected in the presentation of
non-GAAP income/(loss) from operations, non-GAAP net income/(loss),
non-GAAP net income/(loss) attributable to ordinary shareholders of
Dada, and non-GAAP net income/(loss) attributable to ordinary
shareholders of Dada per share. Further, the non-GAAP measures may
differ from the non-GAAP measures used by other companies,
including peer companies, potentially limiting the comparability of
their financial results to the Company’s. In light of the foregoing
limitations, the non-GAAP income/(loss) from operations, non-GAAP
operating margin, non-GAAP net income/(loss), non-GAAP net margin,
non-GAAP net income/(loss) attributable to ordinary shareholders of
Dada and non-GAAP net income/(loss) attributable to ordinary
shareholders of Dada per share for the period should not be
considered in isolation from or as an alternative to income/(loss)
from operations, operating margin, net income/(loss), net margin,
net income/(loss) attributable to ordinary shareholders of Dada and
net income/(loss) attributable to ordinary shareholders of Dada per
share, or other financial measures prepared in accordance with U.S.
GAAP.
The Company compensates for these limitations by
reconciling the non-GAAP financial measures to the nearest U.S.
GAAP performance measures, which should be considered when
evaluating the Company’s performance. For reconciliations of these
non-GAAP financial measures to the most directly comparable GAAP
financial measures, please see the section of the accompanying
tables titled, “Reconciliations of GAAP and Non-GAAP Results.”
Forward-Looking Statements
This press release contains statements that may
constitute “forward-looking” statements pursuant to 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,” “likely to”
and similar statements. Among other things, quotations in this
announcement, contain forward-looking statements. Dada 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 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 Dada’s beliefs, plans
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: Dada’s strategies; Dada’s future business
development, financial condition and results of operations; Dada’s
ability to maintain its relationship with major strategic
investors; its ability to provide efficient on-demand delivery
services and offer quality on-demand retail experience; its ability
to maintain and enhance the recognition and reputation of its
brands; 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 Dada’s filings with the SEC. All information provided
in this press release is as of the date of this press release, and
Dada does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
About Dada
Dada is a leading platform of local on-demand
retail and delivery in China. It operates JDDJ, one of China’s
largest local on-demand retail platforms for retailers and brand
owners, and Dada Now, a leading local on-demand delivery platform
open to merchants and individual senders across various industries
and product categories. The Company’s two platforms are
inter-connected and mutually beneficial. The Dada Now platform
enables improved delivery experience for participants on the JDDJ
platform through its readily accessible fulfillment solutions and
strong on-demand delivery infrastructure. Meanwhile, the vast
volume of on-demand delivery orders from the JDDJ platform
increases order volume and density for the Dada Now platform.
For more information, please visit https://ir.imdada.cn/.
For investor inquiries, please contact:
Dada Nexus LimitedMs. Caroline DongE-mail: ir@imdada.cn
Christensen
In ChinaMr. Rene VanguestainePhone: +86-178-1749 0483E-mail:
rvanguestaine@christensenir.com
In USMs. Linda BergkampPhone: +1-480-614-3004E-mail:
lbergkamp@christensenir.com
For media inquiries, please
contact:
Dada Nexus Limited E-mail: PR@imdada.cn
Appendix I
|
DADA NEXUS LIMITED |
UNAUDITED CONDENSED CONSOLIDATED BALANCE
SHEETS |
(Amounts in thousands, except share data and otherwise
noted) |
|
|
|
|
|
|
|
|
As of December 31, |
|
As of June 30, |
|
|
|
2021 |
|
2022 |
|
|
|
RMB |
|
RMB |
|
ASSETS |
|
|
|
|
|
Current assets |
|
|
|
|
|
Cash and cash equivalents |
|
512,830 |
|
614,224 |
|
Restricted cash |
|
58,020 |
|
99,793 |
|
Short-term investments |
|
1,193,909 |
|
3,636,142 |
|
Accounts receivable |
|
352,324 |
|
329,329 |
|
Inventories, net |
|
6,344 |
|
8,526 |
|
Amount due from related parties |
|
840,667 |
|
1,271,856 |
|
Prepayments and other current assets |
|
479,017 |
|
575,833 |
|
Total current assets |
|
3,443,111 |
|
6,535,703 |
|
Non-current assets |
|
|
|
|
|
Property and equipment, net |
|
37,555 |
|
26,205 |
|
Goodwill |
|
957,605 |
|
957,605 |
|
Intangible assets, net |
|
332,317 |
|
1,846,033 |
|
Operating lease right-of-use assets |
|
76,811 |
|
57,663 |
|
Non-current time deposits |
|
400,000 |
|
400,000 |
|
Other non-current assets |
|
33,181 |
|
40,341 |
|
Total non-current assets |
|
1,837,469 |
|
3,327,847 |
|
|
|
|
|
|
|
TOTAL ASSETS |
|
5,280,580 |
|
9,863,550 |
|
|
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS’ EQUITY |
|
|
|
|
|
Current liabilities |
|
|
|
|
|
Short-term loan |
|
100,000 |
|
100,000 |
|
Accounts payable |
|
9,800 |
|
17,923 |
|
Notes payable |
|
— |
|
500,000 |
|
Payable to riders and drivers |
|
580,983 |
|
609,470 |
|
Amount due to related parties |
|
71,760 |
|
134,113 |
|
Accrued expenses and other current liabilities |
|
620,406 |
|
657,318 |
|
Operating lease liabilities |
|
35,759 |
|
29,865 |
|
Total current liabilities |
|
1,418,708 |
|
2,048,689 |
|
|
|
|
|
|
|
Non-current liabilities |
|
|
|
|
|
Deferred tax liabilities |
|
27,000 |
|
24,494 |
|
Non-current operating lease liabilities |
|
46,243 |
|
32,121 |
|
Total non-current liabilities |
|
73,243 |
|
56,615 |
|
|
|
|
|
|
|
TOTAL LIABILITIES |
|
1,491,951 |
|
2,105,304 |
|
|
|
|
|
|
SHAREHOLDERS’ EQUITY |
|
|
|
|
Ordinary shares (US$0.0001 par value, 2,000,000,000 |
|
|
|
|
|
|
and 2,000,000,000 shares authorized, 955,876,116and 1,079,498,378
shares issued, 927,776,552 and1,035,214,226 shares outstanding as
of December 31,2021 and June 30, 2022, respectively) |
|
633 |
|
|
640 |
|
Additional paid-in capital |
|
15,714,015 |
|
|
20,677,836 |
|
Accumulated deficit |
|
(11,816,229 |
) |
|
(12,999,316 |
) |
Accumulated other comprehensive loss |
|
(109,790 |
) |
|
79,086 |
|
TOTAL SHAREHOLDERS’ EQUITY |
|
3,788,629 |
|
|
7,758,246 |
|
|
|
|
|
|
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |
|
5,280,580 |
|
|
9,863,550 |
|
|
|
|
|
|
|
|
DADA NEXUS LIMITEDUNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE
LOSS(Amounts in thousands, except share and per
share data and otherwise noted) |
|
|
|
|
|
|
|
|
|
|
For the three months ended June 30, |
|
|
For the six months ended June 30, |
|
|
2021 |
|
2022 |
|
|
2021 |
|
2022 |
|
|
RMB |
|
RMB |
|
|
RMB |
|
RMB |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenues |
|
1,474,594 |
|
|
2,281,092 |
|
|
|
3,147,357 |
|
|
4,306,413 |
|
Costs and expenses |
|
|
|
|
|
|
|
|
|
Operations and support |
|
(1,136,482 |
) |
|
(1,431,286 |
) |
|
|
(2,531,473 |
) |
|
(2,701,559 |
) |
Selling and marketing |
|
(824,170 |
) |
|
(1,190,244 |
) |
|
|
(1,614,888 |
) |
|
(2,304,708 |
) |
General and administrative |
|
(100,106 |
) |
|
(99,942 |
) |
|
|
(202,843 |
) |
|
(200,751 |
) |
Research and development |
|
(132,330 |
) |
|
(160,038 |
) |
|
|
(256,528 |
) |
|
(324,711 |
) |
Other operating expenses |
|
(12,742 |
) |
|
(27,764 |
) |
|
|
(25,349 |
) |
|
(41,802 |
) |
Total costs and expenses |
|
(2,205,830 |
) |
|
(2,909,274 |
) |
|
|
(4,631,081 |
) |
|
(5,573,531 |
) |
Other operating income |
|
65,468 |
|
|
19,462 |
|
|
|
76,510 |
|
|
32,710 |
|
Loss from operations |
|
(665,768 |
) |
|
(608,720 |
) |
|
|
(1,407,214 |
) |
|
(1,234,408 |
) |
|
|
|
|
|
|
|
|
|
|
Other income/(expenses) |
|
|
|
|
|
|
|
|
|
Interest expenses |
|
(4,007 |
) |
|
(1,388 |
) |
|
|
(9,406 |
) |
|
(2,210 |
) |
Others, net |
|
28,113 |
|
|
30,008 |
|
|
|
63,435 |
|
|
51,025 |
|
Total other income |
|
24,106 |
|
|
28,620 |
|
|
|
54,029 |
|
|
48,815 |
|
Loss before income tax benefits |
|
(641,662 |
) |
|
(580,100 |
) |
|
|
(1,353,185 |
) |
|
(1,185,593 |
) |
Income tax benefits |
|
1,253 |
|
|
1,253 |
|
|
|
2,506 |
|
|
2,506 |
|
Net loss |
|
(640,409 |
) |
|
(578,847 |
) |
|
|
(1,350,679 |
) |
|
(1,183,087 |
) |
Accretion of convertible redeemable preferred shares |
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
Net loss attributable to ordinary shareholders of
Dada |
|
(640,409 |
) |
|
(578,847 |
) |
|
|
(1,350,679 |
) |
|
(1,183,087 |
) |
|
|
|
|
|
|
|
|
|
|
Net loss per share |
|
|
|
|
|
|
|
|
|
Basic |
|
(0.67 |
) |
|
(0.60 |
) |
|
|
(1.42 |
) |
|
(1.18 |
) |
Diluted |
|
(0.67 |
) |
|
(0.60 |
) |
|
|
(1.42 |
) |
|
(1.18 |
) |
|
|
|
|
|
|
|
|
|
|
Weighted average shares used in calculating net loss per
share |
|
|
|
|
|
|
|
|
|
Basic |
|
951,437,694 |
|
|
968,860,766 |
|
|
|
953,812,426 |
|
|
1,005,163,182 |
|
Diluted |
|
951,437,694 |
|
|
968,860,766 |
|
|
|
953,812,426 |
|
|
1,005,163,182 |
|
|
|
|
|
|
|
|
|
|
|
Net loss |
|
(640,409 |
) |
|
(578,847 |
) |
|
|
(1,350,679 |
) |
|
(1,183,087 |
) |
Other comprehensive income/(loss) |
|
|
|
|
|
|
|
|
|
Foreign currency translation adjustments |
|
(15,387 |
) |
|
192,576 |
|
|
|
(30,561 |
) |
|
188,876 |
|
Total comprehensive loss |
|
(655,796 |
) |
|
(386,271 |
) |
|
|
(1,381,240 |
) |
|
(994,211 |
) |
DADA NEXUS LIMITEDReconciliations of GAAP
and Non-GAAP Results(Amounts in thousands, except
share and per share data and otherwise noted) |
|
|
|
|
|
|
|
|
For the three months ended June 30, |
|
|
For the six months ended June 30, |
|
|
2021 |
|
2022 |
|
|
2021 |
|
2022 |
|
|
RMB |
|
RMB |
|
|
RMB |
|
RMB |
|
|
|
|
|
|
|
|
|
|
Loss from operations |
|
(665,768 |
) |
|
(608,720 |
) |
|
|
(1,407,214 |
) |
|
(1,234,408 |
) |
Add: |
|
|
|
|
|
|
|
|
|
Share-based compensation expense |
|
49,561 |
|
|
55,720 |
|
|
|
99,664 |
|
|
110,732 |
|
Intangible assets amortization |
|
42,887 |
|
|
128,753 |
|
|
|
86,165 |
|
|
198,066 |
|
Non-GAAP loss from operations |
|
(573,320 |
) |
|
(424,247 |
) |
|
|
(1,221,385 |
) |
|
(925,610 |
) |
|
|
|
|
|
|
|
|
|
|
Net loss |
|
(640,409 |
) |
|
(578,847 |
) |
|
|
(1,350,679 |
) |
|
(1,183,087 |
) |
Add: |
|
|
|
|
|
|
|
|
|
Share-based compensation expense |
|
49,561 |
|
|
55,720 |
|
|
|
99,664 |
|
|
110,732 |
|
Intangible assets amortization |
|
42,887 |
|
|
128,753 |
|
|
|
86,165 |
|
|
198,066 |
|
Income tax benefit |
|
(1,253 |
) |
|
(1,253 |
) |
|
|
(2,506 |
) |
|
(2,506 |
) |
Non-GAAP net loss |
|
(549,214 |
) |
|
(395,627 |
) |
|
|
(1,167,356 |
) |
|
(876,795 |
) |
|
|
|
|
|
|
|
|
|
|
Accretion of convertible redeemable preferred shares |
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net loss attributable to ordinary shareholders of
Dada |
|
(549,214 |
) |
|
(395,627 |
) |
|
|
(1,167,356 |
) |
|
(876,795 |
) |
|
|
|
|
|
|
|
|
|
|
Non-GAAP net loss per share |
|
|
|
|
|
|
|
|
|
Basic |
|
(0.58 |
) |
|
(0.41 |
) |
|
|
(1.22 |
) |
|
(0.87 |
) |
Diluted |
|
(0.58 |
) |
|
(0.41 |
) |
|
|
(1.22 |
) |
|
(0.87 |
) |
|
|
|
|
|
|
|
|
|
|
Weighted average shares used in calculating net loss per
share |
|
|
|
|
|
|
|
|
|
Basic |
|
951,437,694 |
|
|
968,860,766 |
|
|
|
953,812,426 |
|
|
1,005,163,182 |
|
Diluted |
|
951,437,694 |
|
|
968,860,766 |
|
|
|
953,812,426 |
|
|
1,005,163,182 |
|
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