SHANGHAI, June 15,
2022 /PRNewswire/ -- Dingdong (Cayman) Limited
("Dingdong" or the "Company") (NYSE: DDL), the leading and
fast-growing fresh grocery e-commerce company in China, with advanced supply chain
capabilities, today announced its unaudited financial results for
the quarter ended March 31, 2022.
First Quarter 2022 Highlights:
- GMV for the first quarter of 2022 increased by 36.0%
year over year to RMB5,851.3 million
(US$923.0 million) from RMB4,303.5 million in the same quarter of
2021.
- Total revenue for the first quarter of 2022 increased by
43.2% year over year to RMB5,443.7
million (US$858.7 million)
from RMB3,802.1 million in the same
quarter of 2021.
- Total number of orders for the first quarter of 2022
increased by 15.6% year over year to 80.6 million from 69.8 million
in the same quarter of 2021.
Mr. Changlin Liang, Founder and
Chief Executive Officer of Dingdong, stated, "During the first
quarter of 2022, we maintained solid growth momentum in revenue,
order numbers and average order value, while our net loss margin
further narrowed substantially. Our strategy of prioritizing
product capabilities as our primary growth driver has proven
successful, and we believe that Dingdong is on a solid path to
profitability."
Ms. Le Yu, Chief Strategy Officer
of Dingdong, stated, "Since we changed our strategy last August to
'efficiency first, with due consideration to scale', our non-GAAP
net loss margin in the previous four quarters decreased
sequentially from 37.2% to 31.9%, 18.9% and finally 7.8%. We expect
our net loss margin to further narrow and bring us to profitability
in the future."
First Quarter 2022 Financial Results
Total revenues were RMB5,443.7 million (US$858.7 million), representing an increase of
43.2% 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 RMB5,375.1 million (US$847.9 million), an increase of 43.1% from
RMB3,757.2 million in the same
quarter of 2021, primarily driven by the increase in the number of
orders and average order value.
- Service Revenues were RMB68.6 million (US$10.8 million), an increase of 52.7% from
RMB44.9 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 RMB5,892.3
million (US$929.5 million), an
increase of 14.7% from RMB5,136.0
million in the same quarter of 2021, with a detailed
breakdown as below.
- Cost of Goods Sold was RMB3,879.3
million (US$611.9 million), an
increase of 25.8% from RMB3,082.8
million in the same quarter of 2021, primarily driven by the
increase in total revenue. Gross margin was 28.7%, which
significantly improved from 18.9% in the same quarter of 2021.
- Fulfillment expenses were RMB1,484.1 million (US$234.1 million) in consistent with the
same quarter of 2021. Fulfillment expenses as a percentage of
total revenue decreased from 39.0% to 27.3%, as we further improved
our supply chain efficiency.
- Sales and marketing expenses were RMB176.1 million (US$27.8 million), a decrease of 44.7% from
RMB318.3 million in the same
quarter of 2021, as product capabilities became our primary growth
driver and we attracted customers more
efficiently.
- General and administrative expenses were RMB118.7 million (US$18.7
million), an increase of 25.9% from RMB94.3 million in the same quarter of 2021,
mainly due to the increased business scale of the Company.
- Product development expenses were RMB233.9 million (US$36.9 million), an increase of 49.5% from
RMB156.5 million in the same
quarter of 2021, mainly due to the increased investments in product
development capability and technology.
Loss from operations was RMB448.6 million (US$70.8
million), compared with operating loss of RMB1,333.9 million in the same quarter of
2021.
Net loss was RMB477.4
million (US$75.3 million),
compared with net loss of RMB1,384.7
million in the same quarter of 2021.
Non-GAAP net loss, which is a non-GAAP measure that
excludes share-based compensation expenses, was RMB422.2 million (US$66.6
million), a significant improvement from non-GAAP net loss
of RMB1,375.6 million in the same
quarter of 2021. In addition, our non-GAAP net loss margin, which
is our non-GAAP net loss as a percentage of revenues, narrowed to
7.8% from 36.2% in the same quarter of 2021.
Basic and diluted net loss per share were RMB1.48 (US$0.23),
compared with RMB22.36 in the same
quarter of 2021. Non-GAAP net loss per share, basic and diluted,
was RMB1.31 (US$0.21), compared with RMB22.22 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 loss per
share were 64,908,700 and 324,443,234 in the first 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 RMB4,852.7
million (US$765.5 million) as
of March 31, 2022, compared with
RMB5,231.1 million as of December 31, 2021.
About Dingdong (Cayman) Limited
We are the largest and fast-growing fresh grocery e-commerce
company in China, in terms of
average MAU in 2021, according to the report of China Insights
Consultancy ("CIC"). We directly provide users and households with
fresh produce, meat, seafood, prepared food, and other food
products through a convenient and excellent shopping experience
supported by an extensive self-operated frontline fulfillment grid.
With fresh groceries as our core product categories, we have
successfully expanded to providing prepared food and other food
products to grow into a leading one-stop online shopping
destination in China for consumers
to make purchases for their daily lives. At the same time, we are
working to modernize China's
traditional agricultural supply chain through standardization and
digitalization, empowering upstream farms and suppliers to make
their production more efficient and tailored to actual demand.
Furthermore, leveraging our longstanding cooperation with upstream
farms and suppliers, we have further expanded to developing and
producing private label products to enrich our offerings to all
consumers.
For more information, please visit: www.100.me.
Use of Non-GAAP Financial Measures
The Company uses non-GAAP measures, such as non-GAAP net loss,
non-GAAP net loss margin, non-GAAP net loss attributable to
ordinary shareholders and non-GAAP net 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 RMB6.3393 to US$1.00, the exchange rate on March 31, 2022 set forth in the H.10 statistical
release of the Federal Reserve Board. The Company makes no
representation that the RMB or US$ 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, 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 on-demand 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
Securities and Exchange Commission. 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$)
|
|
|
|
|
As of
|
|
|
|
|
December
31,
2021
|
|
|
March
31,
2022
|
|
|
March
31,
2022
|
|
|
|
|
RMB
|
|
|
RMB
|
|
|
US$
|
|
|
|
|
|
|
|
(Unaudited)
|
|
ASSETS
|
|
|
|
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
662,768
|
|
|
1,256,903
|
|
|
198,272
|
|
Restricted
cash
|
|
|
7,664
|
|
|
9,664
|
|
|
1,524
|
|
Short-term
investments
|
|
|
4,568,346
|
|
|
3,595,810
|
|
|
567,225
|
|
Accounts receivable,
net
|
|
|
191,519
|
|
|
257,264
|
|
|
40,582
|
|
Inventories
|
|
|
537,472
|
|
|
475,223
|
|
|
74,965
|
|
Advance to
suppliers
|
|
|
86,711
|
|
|
136,047
|
|
|
21,461
|
|
Prepayments and other
current assets
|
|
|
461,843
|
|
|
283,530
|
|
|
44,726
|
|
Total current
assets
|
|
|
6,516,323
|
|
|
6,014,441
|
|
|
948,755
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current assets:
|
|
|
|
|
|
|
|
|
|
|
Property and
equipment, net
|
|
|
472,371
|
|
|
460,103
|
|
|
72,579
|
|
Operating
lease right-of-use assets
|
|
|
2,245,571
|
|
|
1,960,191
|
|
|
309,213
|
|
Other non-current assets
|
|
|
185,793
|
|
|
188,303
|
|
|
29,704
|
|
Total non-current assets
|
|
|
2,903,735
|
|
|
2,608,597
|
|
|
411,496
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL
ASSETS
|
|
|
9,420,058
|
|
|
8,623,038
|
|
|
1,360,251
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES,
MEZZANINE EQUITY AND
SHAREHOLDERS'
EQUITY
|
|
Current
liabilities:
|
|
|
|
|
|
|
|
|
|
|
Accounts
payable
|
|
|
2,058,624
|
|
|
1,870,064
|
|
|
294,995
|
|
Customer advances and
deferred revenue
|
|
|
243,480
|
|
|
243,629
|
|
|
38,432
|
|
Accrued expenses and
other current liabilities
|
|
|
653,261
|
|
|
681,475
|
|
|
107,500
|
|
Salary and welfare
payable
|
|
|
244,740
|
|
|
245,119
|
|
|
38,667
|
|
Operating lease
liabilities
|
|
|
969,494
|
|
|
870,931
|
|
|
137,386
|
|
Short-term
borrowings
|
|
|
3,121,046
|
|
|
3,197,730
|
|
|
504,430
|
|
Current portion of
long-term borrowings
|
|
|
57,875
|
|
|
24,250
|
|
|
3,825
|
|
Total current
liabilities
|
|
|
7,348,520
|
|
|
7,133,198
|
|
|
1,125,235
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current liabilities:
|
|
|
|
|
|
|
|
|
|
|
Operating lease
liabilities
|
|
|
1,244,096
|
|
|
1,049,503
|
|
|
165,555
|
|
Other non-current
liabilities
|
|
|
69,373
|
|
|
69,373
|
|
|
10,943
|
|
Total non-current liabilities
|
|
|
1,313,469
|
|
|
1,118,876
|
|
|
176,498
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES
|
|
|
8,661,989
|
|
|
8,252,074
|
|
|
1,301,733
|
|
DINGDONG (CAYMAN)
LIMITED
|
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEETS (CONTINUED)
|
(Amounts in
thousands of RMB and US$)
|
|
|
|
|
As of
|
|
|
|
|
December
31,
2021
|
|
|
March
31,
2022
|
|
|
March 31,
2022
|
|
|
|
|
RMB
|
|
|
RMB
|
|
|
US$
|
|
|
|
|
|
|
|
(Unaudited)
|
|
LIABILITIES,
MEZZANINE EQUITY AND
SHAREHOLDERS'
EQUITY (CONTINUED)
|
|
Mezzanine
Equity:
|
|
|
|
|
|
|
|
|
|
|
Redeemable
noncontrolling interests
|
|
|
30,000
|
|
|
101,435
|
|
|
16,001
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL MEZZANINE
EQUITY
|
|
|
30,000
|
|
|
101,435
|
|
|
16,001
|
|
|
|
|
|
|
|
|
|
|
|
|
Shareholders'
(deficit)/equity
|
|
|
|
|
|
|
|
|
|
|
Ordinary
shares
|
|
|
4
|
|
|
4
|
|
|
1
|
|
Additional paid-in
capital
|
|
|
13,685,062
|
|
|
13,740,237
|
|
|
2,167,469
|
|
Treasury
stock
|
|
|
(7,042)
|
|
|
(16,980)
|
|
|
(2,679)
|
|
Accumulated
deficit
|
|
|
(12,765,713)
|
|
|
(13,244,531)
|
|
|
(2,089,274)
|
|
Accumulated other
comprehensive loss
|
|
|
(184,242)
|
|
|
(209,201)
|
|
|
(33,000)
|
|
TOTAL SHAREHOLDERS'
EQUITY
|
|
|
728,069
|
|
|
269,529
|
|
|
42,517
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES,
MEZZANINE EQUITY
AND SHAREHOLDERS' EQUITY
|
|
|
9,420,058
|
|
|
8,623,038
|
|
|
1,360,251
|
|
|
|
|
|
|
|
|
|
|
|
|
DINGDONG (CAYMAN)
LIMITED
|
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
|
(Amounts in
thousands of RMB and US$, except for number of shares and per share
data)
|
|
|
|
|
For the three months
ended
March 31,
|
|
|
|
2021
|
|
|
2022
|
|
|
2022
|
|
|
|
RMB
|
|
|
RMB
|
|
|
US$
|
|
|
|
(Unaudited)
|
|
Revenues:
|
|
|
|
|
Product
revenues
|
|
|
3,757,208
|
|
|
|
5,375,090
|
|
|
|
847,900
|
|
Service
revenues
|
|
|
44,911
|
|
|
|
68,582
|
|
|
|
10,819
|
|
Total
revenues
|
|
|
3,802,119
|
|
|
|
5,443,672
|
|
|
|
858,719
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating costs and
expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of goods
sold
|
|
|
(3,082,840)
|
|
|
|
(3,879,328)
|
|
|
|
(611,949)
|
|
Fulfillment
expenses
|
|
|
(1,484,091)
|
|
|
|
(1,484,142)
|
|
|
|
(234,117)
|
|
Sales and marketing
expenses
|
|
|
(318,259)
|
|
|
|
(176,116)
|
|
|
|
(27,782)
|
|
Product development
expenses
|
|
|
(156,502)
|
|
|
|
(233,915)
|
|
|
|
(36,899)
|
|
General and
administrative expenses
|
|
|
(94,347)
|
|
|
|
(118,771)
|
|
|
|
(18,736)
|
|
Total operating
costs and expenses
|
|
|
(5,136,039)
|
|
|
|
(5,892,272)
|
|
|
|
(929,483)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from
operations
|
|
|
(1,333,920)
|
|
|
|
(448,600)
|
|
|
|
(70,764)
|
|
Interest
income
|
|
|
3,840
|
|
|
|
13,234
|
|
|
|
2,088
|
|
Interest
expenses
|
|
|
(14,554)
|
|
|
|
(30,708)
|
|
|
|
(4,844)
|
|
Other income
|
|
|
5,799
|
|
|
|
15,115
|
|
|
|
2,384
|
|
Other
expenses
|
|
|
(1,454)
|
|
|
|
(26,424)
|
|
|
|
(4,168)
|
|
Changes in fair value
of warrant liabilities
|
|
|
(44,457)
|
|
|
|
-
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss before income
tax
|
|
|
(1,384,746)
|
|
|
|
(477,383)
|
|
|
|
(75,304)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax
expenses
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss
|
|
|
(1,384,746)
|
|
|
|
(477,383)
|
|
|
|
(75,304)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accretion of redeemable
convertible preferred shares
|
|
|
(66,432)
|
|
|
|
-
|
|
|
|
-
|
|
Accretion of redeemable
noncontrolling interests
|
|
|
-
|
|
|
|
(1,435)
|
|
|
|
(226)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
attributable to ordinary shareholders
|
|
|
(1,451,178)
|
|
|
|
(478,818)
|
|
|
|
(75,530)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DINGDONG (CAYMAN)
LIMITED
|
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(CONTINUED)
|
(Amounts in
thousands of RMB and US$, except for number of shares and per share
data)
|
|
|
|
|
For the three months
ended
March 31,
|
|
|
|
2021
|
|
|
2022
|
|
|
2022
|
|
|
|
RMB
|
|
|
RMB
|
|
|
US$
|
|
|
|
(Unaudited)
|
|
Net loss per
ordinary share:
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and
diluted
|
|
|
(22.36)
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
(1.48)
|
|
|
|
(0.23)
|
|
Shares used in net
loss per Class A and Class B ordinary
share computation:
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and
diluted
|
|
|
|
|
|
|
324,443,234
|
|
|
|
324,443,234
|
|
Other comprehensive
income/(loss), net of tax of nil:
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation adjustments
|
|
|
4,626
|
|
|
|
(24,959)
|
|
|
|
(3,937)
|
|
Comprehensive
loss
|
|
|
(1,380,120)
|
|
|
|
(502,342)
|
|
|
|
(79,241)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accretion of redeemable
convertible preferred shares
|
|
|
(66,432)
|
|
|
|
-
|
|
|
|
-
|
|
Accretion of redeemable
noncontrolling interests
|
|
|
-
|
|
|
|
(1,435)
|
|
|
|
(226)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive loss
attributable to ordinary shareholders
|
|
|
(1,446,552)
|
|
|
|
(503,777)
|
|
|
|
(79,467)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DINGDONG (CAYMAN)
LIMITED
|
|
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS
|
|
(Amounts in
thousands of RMB and US$)
|
|
|
|
|
|
|
For the three months
ended
March
31,
|
|
|
|
|
2021
RMB
|
|
|
2022
RMB
|
|
|
|
2022
US$
|
|
|
|
|
|
|
|
|
|
(Unaudited)
|
|
Net cash used in
operating activities
|
|
|
(1,014,589)
|
|
|
(385,203)
|
|
|
|
(60,764)
|
|
Net cash (used
in)/provided by investing
activities
|
|
|
(312,440)
|
|
|
885,907
|
|
|
|
139,749
|
|
Net cash generated from
financing activities
|
|
|
4,286,222
|
|
|
98,991
|
|
|
|
15,615
|
|
Effect of exchange rate
changes on cash and
cash equivalents and restricted cash
|
|
|
4,566
|
|
|
(3,560)
|
|
|
|
(562)
|
|
Net increase in
cash and cash equivalents
and restricted cash
|
|
|
2,963,759
|
|
|
596,135
|
|
|
|
94,038
|
|
Cash and
cash equivalents and restricted cash
at the beginning of the period
|
|
|
1,450,448
|
|
|
670,432
|
|
|
|
105,758
|
|
Cash and cash equivalents
and restricted
cash at the end of the period
|
|
|
4,414,207
|
|
|
1,266,567
|
|
|
|
199,796
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DINGDONG (CAYMAN)
LIMITED
|
UNAUDITED
RECONCILIATION OF GAAP AND NON-GAAP RESULTS
|
(Amounts in
thousands of RMB and US$, except for number of shares and per share
data)
|
|
|
|
For the three months
ended
March 31,
|
|
|
|
|
2021
|
|
|
2022
|
|
|
2022
|
|
|
|
|
RMB
|
|
|
RMB
|
|
|
US$
|
|
|
|
|
(Unaudited)
|
|
|
Net loss
|
|
|
(1,384,746)
|
|
|
|
(477,383)
|
|
|
|
(75,304)
|
|
|
Add: share-based
compensation expenses (1)
|
|
|
9,151
|
|
|
|
55,174
|
|
|
|
8,703
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net
loss
|
|
|
(1,375,595)
|
|
|
|
(422,209)
|
|
|
|
(66,601)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
margin
|
|
|
(36.4 %)
|
|
|
|
(8.8 %)
|
|
|
|
|
|
|
Add: share-based
compensation expenses
|
|
|
0.2 %
|
|
|
|
1.0 %
|
|
|
|
|
|
|
Non-GAAP net loss
margin
|
|
|
(36.2 %)
|
|
|
|
(7.8 %)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable
to ordinary shareholders
|
|
|
(1,451,178)
|
|
|
|
(478,818)
|
|
|
|
(75,530)
|
|
|
Add: share-based
compensation expenses (1)
|
|
|
9,151
|
|
|
|
55,174
|
|
|
|
8,703
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net loss
attributable to ordinary
shareholders
|
|
|
(1,442,027)
|
|
|
|
(423,644)
|
|
|
|
(66,827)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per ordinary
shareholders:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and
diluted
|
|
|
(22.36)
|
|
|
|
|
|
|
|
|
|
|
Add: share-based
compensation expenses
|
|
|
0.14
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net loss
per ordinary share:
Basic and
diluted
|
|
|
(22.22)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per Class A
and Class B ordinary share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and
diluted
|
|
|
|
|
|
|
(1.48)
|
|
|
|
(0.23)
|
|
|
Add: share-based
compensation expenses
|
|
|
|
|
|
|
0.17
|
|
|
|
0.02
|
|
|
Non-GAAP net loss
per Class A and Class B
ordinary share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and
diluted
|
|
|
|
|
|
|
(1.31)
|
|
|
|
(0.21)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Share-based
compensation expenses are recognized as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months
ended
March 31,
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2021
|
|
|
2022
|
|
|
2022
|
|
|
|
|
RMB
|
|
|
RMB
|
|
|
US$
|
|
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fulfillment
expenses
|
|
|
2,444
|
|
|
|
12,116
|
|
|
|
1,911
|
|
|
Sales and marketing
expenses
|
|
|
352
|
|
|
|
(255)
|
|
|
|
(40)
|
|
|
Product development
expenses
|
|
|
3,062
|
|
|
|
26,037
|
|
|
|
4,107
|
|
|
General and
administrative expenses
|
|
|
3,293
|
|
|
|
17,276
|
|
|
|
2,725
|
|
|
Total
|
|
|
9,151
|
|
|
|
55,174
|
|
|
|
8,703
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
View original
content:https://www.prnewswire.com/news-releases/dingdong-cayman-limited-announces-first-quarter-2022-financial-results-301568474.html
SOURCE Dingdong (Cayman) Limited