BEIJING, April 14, 2021 /PRNewswire/ -- Pintec Technology
Holdings Limited (NASDAQ: PT) ("PINTEC" or the "Company"), a
leading independent technology platform enabling financial services
in China, today announced its
unaudited financial results for the year ended December 31, 2020.
Financial Highlights for the Year Ended December 31, 2020
- Total revenues decreased by 70.6% to RMB378.3 million (US$58.0
million) from RMB1,285.2
million for the year ended December
31, 2019.
- Gross profit was RMB92.5 million
(US$14.2 million) compared to
RMB515.5 million for the year ended
December 31, 2019. Gross margin was
24.5% compared to 40.1% for the year ended December 31, 2019.
- Total operating expenses decreased by 75.9% to RMB299.3 million (US$45.9million) from RMB1,244.0 million for the year ended
December 31, 2019.
- Operating loss was RMB206.8
million (US$31.7 million)
compared to RMB728.4 million for the
year ended December 31, 2019.
- Net loss was RMB296.1 million
(US$45.4 million) compared to
RMB906.5 million for the year ended
December 31, 2019.
Operating Highlights for the Year Ended December 31, 2020
- Total loans facilitated decreased by 83.2% to RMB1.8 billion (US$283
million) from RMB11.0 billion
for the year ended December 31,
2019.
- Loan outstanding balance decreased by 82.1% to RMB589.7 million (US$90.4
million) as of December 31,
2020, from RMB3.3 billion as
of December 31, 2019.
- The following table provides delinquency rates by balance for
all loans facilitated by the Company as of the dates
indicated:
|
Delinquency rate
by balance
|
|
16 –
30 days
|
31 –
60 days
|
61 –
90 days
|
December 31,
2018
|
1.27%
|
2.35%
|
2.33%
|
December 31,
2019
|
1.72%
|
2.98%
|
2.86%
|
December 31,
2020
|
0.76%
|
0.95%
|
0.92%
|
Mr. Victor Li, Chief Executive
Officer of PINTEC, commented, "The year 2020 was challenging to us
because of the global pandemic and our in-house business
transformation initiatives. However, we believe these challenges
will not stop us from thriving. We have meticulously reviewed our
business fundamentals, formulated strategic plans, and executed
tough decisions in eliminating legacy services, optimizing product
mix and corporate structure, controlling operating expenses, and
reducing risky assets. We have restructured our business into
digital technical services and digital operation services. Looking
forward, we aspire to augment the revenue and profitability of
digital technical services by increasing recurring revenue; while
stabilizing digital operation services by refining asset quality.
Although we may experience a short period of uncertainty, I am
confident that as we focus on our realigned corporate strategy, we
will be able to deliver long-term values to our shareholder through
advanced digital technology, industry-leading solutions, and solid
partnerships, as we remain steadfast in our mission to empower the
financial markets."
Mr. Steven Sim, Chief Financial
Officer of PINTEC, stated, "Despite the expected contraction in our
revenue and profitability as we actively respond to the strategic
business changes and the unprecedented global pandemic in 2020, we
are pleased that we have successfully made our efforts to control
costs, completed a RMB400 million
financing, and managed our liquidity in a disciplined
approach. While we achieved cost optimization, we will
continue to make investment in core capabilities and talents. In
addition, mergers and acquisitions will be another pillar of growth
driver for our future development. We intend to selectively pursue
strategic acquisition targets, with an eye to fostering long-term
synergy in terms of business model, management philosophy,
technical empowerment, team talents, while we are also very prudent
in reviewing financial leverage and growth potential. We expect the
combination of our organic business momentum and the acquisition
synergies to re-position our growth trajectory in 2021"
Full Year 2020 Financial Results
Total Revenues
Total revenues for the year ended December 31, 2020 decreased by 70.6% to
RMB378.3 million (US$58.0 million) from RMB1,285.2 million for the year ended
December 31, 2019.
- Revenues from technical service fees for the year ended
December 31, 2020 decreased by 69.3%
to RMB330.7 million (US$50.7 million) from RMB1,077.8 million for the year ended
December 31, 2019. This decrease was
mainly due to a decrease in off-balance sheet loans facilitated in
the year 2020 as the Company shifted focus away from services using
a risk-sharing model.
- Revenues from installment service fees for the year ended
December 31, 2020 decreased by 77.2%
to RMB42.7 million (US$6.5 million) from RMB187.4 million for the year ended December 31, 2019. This decrease was mainly due
to a decrease in the Company's on-book installment loan volume
during the year of 2020.
- Revenues from wealth management service fees for the year ended
December 31, 2020 decreased by 75.7%
to RMB4.9 million (US$0.8 million) from RMB20.1 million for the year ended December 31, 2019. This decrease was primarily
due to the transition from a business model depending upon
cross-selling through retail credit channels to a more
market-oriented model, which resulted in a decline in prior serving
offering.
Cost of Revenues
Cost of revenues for the year ended December 31, 2020 decreased by 62.9% to
RMB285.8 million (US$43.8 million) from RMB769.7 million for the year ended December 31, 2019. The cost of revenues decreased
on a general basis due to a decrease in the loan facilitation
business, which was mainly attributable to (1) a decrease in
origination and servicing cost primarily due to reduced user
acquisition costs as a result of decrease in loan volume
facilitated; (2) a decrease in costs on guarantee liabilities for
off-balance sheet loans as the Company purposely and gradually
terminated guarantees in 2020 in order to refine the overall
quality of its off-balance sheet loans ; and (3) a decrease in
service costs charged by the related party because the Company
ceased its cooperation model with the related party under which the
related party used to provide credit enhancement for the borrowers
since the beginning of 2019 , resulting to a further decrease in
the loan balance and related costs under such model in 2020. All of
these efforts have led to a significant improvement of the
delinquency rates since the second quarter of 2020.
Gross Profit
Gross profit for the year ended December
31, 2020 decreased to RMB92.5million (US$14.2
million) from RMB515.5 million
for the year ended December 31, 2019.
Gross margin in the year of 2020 was 24.5% compared to
40.1% in the year of 2019.
Operating Expenses
Total operating expenses for the year ended December 31, 2020 decreased by 75.9% to
RMB299.3 million (US$45.9million) from RMB1,244.0 million for the year ended
December 31, 2019. The Company has
continued to optimize and refine its organizational structure,
marketing strategies and product portfolio since the beginning of
2020.
- Sales and marketing expenses for the year ended December 31, 2020 decreased by 35.8% to
RMB44.7 million (US$6.9 million) from RMB69.6 million for the year ended December 31, 2019. This decrease was primarily
driven by decreases in (1) promotion expense due to the reduction
of online advertisement expenditure, and (2) staff cost due to
adjustment of the employee structure as part of the business
transformation.
- General and administrative expenses for the year ended
December 31, 2020 decreased by 86.5%
to RMB147.8 million (US$22.6 million) from RMB1,095.3 million for the year ended
December 31, 2019. This decrease was
primarily driven by decreases in: (1) a reduction of bad debt
provision expense related to loans under the related party
agreement from RMB890.7 million in
2019 to RMB7.8 million in 2020 due to
the decrease in loans, and (2) staff cost and professional expense
decreased by approximately RMB31.9
million due to personnel structure optimization and the
reduction in consulting expense.
- Research and development expenses for the year ended
December 31, 2020 decreased by 52.6%
to RMB37.5 million (US$5.8 million) from RMB79.1 million for the year ended December 31, 2019, primarily driven by the
decrease in staff cost due to the personnel structure optimization
as part of the business transformation.
- Impairment loss of goodwill and intangible assets for the year
ended December 31, 2020 increased to
RMB69.4 million (US$10.6 million) from nil for the year ended
December 31, 2019, primarily due to
RMB37.6 million (US$5.7 million) impairment for goodwill and
RMB31.8 million (US$4.9 million) impairment loss for intangible
assets associated with the license to operate small loan businesses
owned by Ganzhou Aixin Network Micro Finance Co., Ltd. considering
the tightening regulation and changing market environment. However,
the Company expects no future impact.
Operating Loss
Operating loss for the year ended December 31, 2020 was RMB206.8 million (US$31.7
million) compared to operating loss of RMB728.4 million for the year ended December 31, 2019.
Income Tax Expense
In Income tax expense was RMB49.2
million (US$7.5 million)
compared to that of RMB2.0 million
for the year ended December 31, 2019,
primarily due to it was deferred tax expense of RMB 46.9 million (US$7.6
million) caused by the increase in the valuation
allowance for deferred tax asset RMB87.3 million (US$13.4
million) in the year 2020 as management determined
that the deferred tax assets will less likely to be utilized
in the future , while it was deferred tax benefit of RMB 17.3 million in the year of 2019.
Net Loss
Net loss for the year ended December 31,
2020 was RMB296.1 million
(US$45.4 million) compared to
RMB906.5 million for the year ended
December 31, 2019.
Net loss attributable to ordinary shareholders for the year
ended December 31, 2020 was
RMB293.9 million (US$45.0 million) compared to that of net loss
attributable to ordinary shareholders of RMB905.9 million for the year ended December 31, 2019.
Adjusted net loss for the year ended December 31, 2020 was RMB284.2 million (US$43.6
million) compared to adjusted net loss of RMB888.6 million for the year ended December 31, 2019. US$17.1
million).
Net loss per Share
Basic and diluted net loss per ordinary share for the year ended
December 31, 2020 was RMB0.99(US$0.15).
Basic and diluted net loss per American Depositary Share ("ADS")
for the year ended December 31, 2020
was RMB6.93(US$1.05). Each ADS represents seven of the
Company's Class A ordinary shares.
Adjusted basic and diluted net loss per ordinary share for the
year ended December 31, 2020 was
RMB0.96 (US$0.15). Adjusted basic and diluted net loss
per ADS for the year ended December 31,
2020 was RMB6.72 (US$1.05).
Balance Sheet
The Company had combined cash and cash equivalents, and
short-term and long-term restricted cash of RMB522.3 million (US$80.1
million) as of December 31,
2020, compared to that of RMB580.9
million as of December 31,
2019.
The Company's total net financing receivables, including
short-term and long-term receivables, decreased by 83.6% to
RMB73.6 million (US$11.3 million) as of December 31, 2020, from RMB449.5 million as of December 31, 2019, mainly due to the lower volume
of the Company's on-balance sheet loan business.
The Company's financial statements are prepared and presented in
accordance with U.S. GAAP.
The financial statements for the full year ended December 31, 2020 herein the press release have
not been audited or reviewed by the Company's independent
registered accounting firm. The audited financial statements for
the year ended December 31, 2020 to
be disclosed in the Company's Form 20-F may have discrepancies with
the above-mentioned unaudited and unreviewed financial
statements.
Conference Call Information
The Company's management team will hold a Direct Event
conference call on Wednesday, April 14, 2021, at 8:00
A.M. Eastern Time (or 8:00 P.M. Beijing Time on the
same day) to discuss the financial results. Details for the
conference call are as follows:
Dial-in details for the earnings conference call are as follows:
PARTICIPANT DIAL IN
(TOLL FREE):
|
1-888-346-8982
|
PARTICIPANT
INTERNATIONAL DIAL IN:
|
1-412-902-4272
|
Canada Toll
Free:
|
18556699657
|
Hong Kong Toll
Free:
|
800-905945
|
Mainland China Toll
Free:
|
4001-201203
|
Hong Kong-Local
Toll:
|
852-301-84992
|
Passcode:
|
Pintec Technology
Holdings Limited
|
Please dial in ten minutes before the call is scheduled to begin
and provide the passcode to join the call.
A replay of the conference call may be accessed by phone at the following numbers until April
21, 2021:
US Toll
Free:
|
1-877-344-7529
|
International
Toll:
|
1-412-317-0088
|
Canada Toll
Free:
|
855-669-9658
|
Replay Access
Code:
|
10154696
|
Additionally, a live and archived webcast of the conference call
will be available at https://ir.pintec.com.
Use of Non-GAAP Financial Measures
In evaluating its business, the Company considers and uses
adjusted net loss as a supplemental measure to review and assess
its operating performance. The presentation of this non-GAAP
financial measure 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
defines adjusted net loss as net loss excluding share-based
compensation expenses.
The Company believes that this non-GAAP financial measure can
help management evaluate the Company's operating performance and
formulate business plans. Adjusted net loss enables management to
assess operating results without considering the impact of
share-based compensation expenses. The Company also believes that
this non-GAAP financial measure provides useful information about
its operating results, enhance the overall understanding of its
past performance and future prospects and allows for greater
visibility with respect to key metrics used by management in their
financial and operational decision-making.
This non-GAAP financial measure is not defined
under U.S. GAAP and is not presented in accordance
with U.S. GAAP. This non-GAAP financial measure has
limitations as an analytical tool. One of the key limitations of
using adjusted net loss is that it does not reflect all items of
income and expenses that affect the Company's operations. The
company will continue to incur share-based compensation expenses in
its business, which are reflected in the presentation of its
adjusted net loss. Further, this non-GAAP financial measure may
differ from non-GAAP financial information used by other companies,
including peer companies, and therefore its comparability may be
limited.
The Company compensates for these limitations by reconciling
this non-GAAP financial measure to the most directly
comparable U.S. GAAP financial measure, net loss, which
should be considered when evaluating the Company's performance. The
Company encourages you to review its financial information in its
entirety and not rely on a single financial measure.
Exchange Rate
This announcement contains translations of certain RMB amounts
into U.S. dollars ("USD") at specified rates solely for
the convenience of the reader. Unless otherwise stated, all
translations from RMB to USD were made at the rate
of RMB6.5250 to US$1.00, the noon buying rate in
effect on December 31, 2020, in the H.10 statistical release
of the Federal Reserve Board. The Company makes no
representation that the RMB or USD amounts referred to could be
converted into USD or RMB, as the case may be, at any particular
rate or at all. For analytical presentation, all percentages are
calculated using the numbers presented in the financial statements
contained in this earnings release.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in 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," "target," "confident" and similar statements. Among
other things, the quotations from management in this announcement,
as well as PINTEC's strategic and operational plans, contain
forward-looking statements. PINTEC may also make written
or oral forward-looking statements in its periodic reports to
the U.S. Securities and Exchange Commission, 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. Such statements are based upon
management's current expectations and current market and operating
conditions, and relate to events that involve known or unknown
risks, uncertainties and other factors, all of which are difficult
to predict and many of which are beyond the Company's control.
Forward-looking statements involve inherent risks, uncertainties
and other factors that could cause actual results to differ
materially from those contained in any such statements. Potential
risks and uncertainties include, but are not limited to, the
Company's limited operating history, regulatory uncertainties
relating to online consumer finance in China, the Company's
reliance on Jimu Group for a significant portion of its funding and
the need to further diversify its financial partners, the Company's
reliance on a limited number of business partners, the impact of
current or future PRC laws or regulations on wealth management
financial products, publicity regarding the consumer finance
industry and the evolving regulatory environment governing this
industry in China, and the Company's ability to meet the
standards necessary to maintain the listing of its ADSs on the
Nasdaq Global Market, including its ability to cure any
non-compliance with Nasdaq's continued listing criteria. Further
information regarding these and other risks, uncertainties or
factors is included in the Company's filings with the U.S.
Securities and Exchange Commission. All information provided in
this press release is as of the date of this press release, and the
Company does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.
About PINTEC
Pintec is a leading independent technology platform
enabling financial services in China. By connecting business
and financial partners on its open
platform, Pintec enables them to provide financial
services to end users efficiently and effectively. The Company
offers its partners a full suite of customized solutions, ranging
from digital retail lending, digital business lending, robotic
process automation, to wealth management and insurance products.
Leveraging its scalable and reliable technology
infrastructure, Pintec serves a wide range of industry
verticals covering online travel, e-commerce, telecommunications,
online education, SaaS platforms, financial technology, internet
search, and online classifieds and listings, as well as various
types of financial partners including banks, brokers, insurance
companies, investment funds and trusts, consumer finance companies
and other similar institutions. For more information, please
visit https://ir.pintec.com.
For further information, please contact:
Joyce Tang
Pintec Technology Holdings Ltd.
E-mail: ir@pintec.com
Phone: +86 (10) 8564 3600
Pintec Technology
Holdings Ltd.
|
|
Unaudited
Condensed Consolidated Balance Sheets
|
|
As of December
31,
|
(In thousands,
except for share and per share data)
|
|
2019
|
|
2020
|
|
|
RMB
|
|
RMB
|
|
USD
|
ASSETS
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
102,755
|
|
377,160
|
|
57,802
|
Restricted
cash
|
|
382,695
|
|
137,220
|
|
21,030
|
Short-term financing
receivables, net
|
|
430,387
|
|
70,783
|
|
10,848
|
Short-term financial
guarantee assets, net
|
|
91,374
|
|
18,569
|
|
2,846
|
Accounts receivable,
net
|
|
74,251
|
|
50,979
|
|
7,813
|
Prepayments and other
current assets, net
|
|
78,330
|
|
66,160
|
|
10,141
|
Amounts due from
related parties, net
|
|
64
|
|
30
|
|
5
|
Total current
assets
|
|
1,159,856
|
|
720,901
|
|
110,485
|
Non-current
assets:
|
|
|
|
|
|
|
Non-current restricted
cash
|
|
95,454
|
|
7,964
|
|
1,221
|
Amounts due from
related parties, net
|
|
10,000
|
|
-
|
|
-
|
Long–term financing
receivables, net
|
|
19,100
|
|
2,835
|
|
434
|
Long-term financial
guarantee assets, net
|
|
3,647
|
|
698
|
|
107
|
Long–term
investments
|
|
108,603
|
|
121,179
|
|
18,571
|
Deferred tax
assets
|
|
64,675
|
|
1,053
|
|
161
|
Property, equipment
and software, net
|
|
14,317
|
|
107,208
|
|
16,430
|
Intangible assets,
net
|
|
49,790
|
|
16,666
|
|
2,554
|
Goodwill
|
|
35,157
|
|
-
|
|
-
|
Total non-current
assets
|
|
400,743
|
|
257,603
|
|
39,478
|
TOTAL
ASSETS
|
|
1,560,599
|
|
978,504
|
|
149,963
|
|
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
Short-term
borrowings
|
|
320,000
|
|
130,000
|
|
19,923
|
Short-term funding
debts
|
|
300,212
|
|
2,841
|
|
435
|
Accounts
payable
|
|
57,719
|
|
10,360
|
|
1,588
|
Amounts due to related
parties
|
|
10,191
|
|
271,419
|
|
41,597
|
Tax payable
|
|
52,535
|
|
26,971
|
|
4,133
|
Debt
instrument
|
|
81,053
|
|
-
|
|
-
|
Financial guarantee
liability
|
|
101,933
|
|
20,260
|
|
3,105
|
Accrued expenses and
other liabilities
|
|
157,945
|
|
59,754
|
|
9,158
|
Total current
liabilities
|
|
1,081,588
|
|
521,605
|
|
79,939
|
Non-current
liabilities:
|
|
|
|
|
|
|
Long-term funding
debts
|
|
21,498
|
|
-
|
|
-
|
Convertible
loan
|
|
-
|
|
400,000
|
|
61,303
|
Long-term
borrowings
|
|
80,000
|
|
-
|
|
-
|
Deferred tax
liabilities
|
|
2,128
|
|
701
|
|
107
|
Other non-current
liabilities
|
|
8,683
|
|
7,194
|
|
1,103
|
Consideration payable
for acquisition
|
|
7,982
|
|
954
|
|
146
|
Total non-current
liabilities
|
|
120,291
|
|
408,849
|
|
62,659
|
TOTAL
LIABILITIES
|
|
1,201,879
|
|
930,454
|
|
142,598
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EQUITY
|
|
|
|
|
|
|
Class A Ordinary
Shares
|
|
212
|
|
232
|
|
36
|
Class B Ordinary
Shares
|
|
42
|
|
42
|
|
6
|
Additional paid-in
capital
|
|
1,977,365
|
|
1,985,792
|
|
304,336
|
Statutory
reserves
|
|
29,659
|
|
30,763
|
|
4,715
|
Accumulated other
comprehensive income
|
|
42,890
|
|
19,913
|
|
3,052
|
Accumulated
deficit
|
|
(1,860,640)
|
|
(2,155,679)
|
|
(330,372)
|
TOTAL
SHAREHOLDERS' EQUITY (DEFICIT)
|
|
189,528
|
|
(118,937)
|
|
(18,227)
|
Non-controlling
interests
|
|
169,192
|
|
166,987
|
|
25,592
|
TOTAL
EQUITY
|
|
358,720
|
|
48,050
|
|
7,365
|
TOTAL LIABILITIES
AND EQUITY
|
|
1,560,599
|
|
978,504
|
|
149,963
|
Pintec Technology
Holdings Ltd.
Unaudited Condensed Consolidated Statements of Operations and
Comprehensive Loss
|
|
|
|
|
|
|
|
|
For the year ended
December 31,
|
(In thousands,
except for share and per share data)
|
|
2019
|
|
2020
|
|
2020
|
|
RMB
|
|
RMB
|
|
USD
|
Revenues:
|
|
|
|
|
|
|
Technical service
fees
|
|
1,077,760
|
|
330,665
|
|
50,676
|
Installment service
fees
|
|
187,359
|
|
42,707
|
|
6,545
|
Wealth management
service fees
|
|
20,117
|
|
4,892
|
|
750
|
Total
revenues
|
|
1,285,236
|
|
378,264
|
|
57,971
|
Cost of
revenues:
|
|
|
|
|
|
|
Funding
cost
|
|
(51,759)
|
|
(16,525)
|
|
(2,533)
|
Provision for credit
losses
|
|
(33,942)
|
|
(45,090)
|
|
(6,910)
|
Origination and
servicing cost
|
|
(290,398)
|
|
(100,760)
|
|
(15,442)
|
Cost on guarantee
liability
|
|
(193,426)
|
|
(100,347)
|
|
(15,379)
|
Service cost charged
by related party
|
|
(200,163)
|
|
(23,052)
|
|
(3,533)
|
Cost of
revenues
|
|
(769,688)
|
|
(285,774)
|
|
(43,797)
|
Gross
profit
|
|
515,548
|
|
92,490
|
|
14,174
|
Operating
expenses:
|
|
|
|
|
|
|
Sales and
marketing expenses
|
|
(69,593)
|
|
(44,697)
|
|
(6,850)
|
General
and administrative expenses
|
|
(1,095,311)
|
|
(147,753)
|
|
(22,644)
|
Research
and development expenses
|
|
(79,079)
|
|
(37,521)
|
|
(5,750)
|
Impairment loss of
goodwill and intangible assets
|
|
-
|
|
(69,358)
|
|
(10,630)
|
Total operating
expenses
|
|
(1,243,983)
|
|
(299,329)
|
|
(45,874)
|
Operating
loss
|
|
(728,435)
|
|
(206,839)
|
|
(31,700)
|
Share of
loss from equity method investments
|
|
(8,149)
|
|
(11,523)
|
|
(1,766)
|
Impairment on
prepayment for long-term investment
|
|
(200,000)
|
|
-
|
|
-
|
Impairment loss on
equity investment
|
|
-
|
|
(15,908)
|
|
(2,438)
|
Other
expenses, net
|
|
(11,094)
|
|
(12,674)
|
|
(1,942)
|
Interest
income from related parties
|
|
43,156
|
|
-
|
|
-
|
Loss before income
tax expense
|
|
(904,522)
|
|
(246,944)
|
|
(37,846)
|
Income tax
expense
|
|
(1,968)
|
|
(49,196)
|
|
(7,540)
|
Net
loss
|
|
(906,490)
|
|
(296,140)
|
|
(45,386)
|
Net loss attributable
to Non-controlling interest
|
|
(595)
|
|
(2,205)
|
|
(338)
|
Net loss attributable
to Pintec Technology Holdings
Limited shareholders
|
|
(905,895)
|
|
(293,935)
|
|
(45,048)
|
Other
comprehensive income/(loss):
|
|
|
|
|
|
|
Foreign
currency translation adjustments, net of nil tax
|
|
11,876
|
|
(22,977)
|
|
(3,521)
|
Total other
comprehensive income/(loss)
|
|
11,876
|
|
(22,977)
|
|
(3,521)
|
Total
comprehensive loss
|
|
(894,614)
|
|
(319,117)
|
|
(48,907)
|
Total comprehensive
loss attributable to Non-
controlling interest
|
|
(595)
|
|
(2,205)
|
|
(338)
|
Total comprehensive
loss attributable to Pintec
Technology Holdings Limited shareholders
|
|
(894,019)
|
|
(316,912)
|
|
(48,569)
|
|
|
|
|
|
|
|
Net loss per
ordinary share
|
|
|
|
|
|
|
Basic and
Diluted
|
|
(3.21)
|
|
(0.99)
|
|
(0.15)
|
Weighted average
ordinary shares outstanding
|
|
|
|
|
|
|
Basic and
Diluted
|
|
282,129,663
|
|
297,101,266
|
|
297,101,266
|
Pintec Technology
Holdings Ltd.
|
|
Unaudited
Reconciliations of GAAP and Non-GAAP Results
|
|
|
For the year ended
December 31,
|
(In thousands,
except for share and per share data)
|
|
2019
|
|
2020
|
|
2020
|
|
RMB
|
|
RMB
|
|
USD
|
Net
loss
|
|
(906,490)
|
|
(296,140)
|
|
(45,386)
|
Add:
Share-based compensation expenses
|
|
17,848
|
|
11,898
|
|
1,824
|
Adjusted
net loss
|
|
(888,642)
|
|
(284,242)
|
|
(43,562)
|
|
|
|
|
|
|
|
Adjusted net loss
per ordinary share
|
|
|
|
|
|
|
Basic and
Diluted
|
|
(3.15)
|
|
(0.96)
|
|
(0.15)
|
Weighted average
number of ordinary shares outstanding
|
|
|
|
|
|
|
Basic and
Diluted
|
|
282,129,663
|
|
297,101,266
|
|
297,101,266
|
View original
content:http://www.prnewswire.com/news-releases/pintec-announces-full-year-2020-unaudited-financial-results-301268598.html
SOURCE Pintec Technology Holdings Limited