As of press time, the fight fell more than 13.11% before the market.
On November 20th, more than the US stock market before the release of the third quarter of the 2019 financial report.
The financial report shows that has a lot of revenue in the third quarter of 7.514 billion yuan, a year-on-year increase of 123%, slightly lower than the market expectations of 7.654 billion yuan. Compared with the year-on-year growth rate of 228% and 169% in the first and second quarters, the revenue growth rate declined slightly this quarter.
Under the non-GAAP, the net loss attributable to ordinary shareholders was 1.606 billion yuan, higher than the market 1.24 billion yuan; operating loss is 21.235 billion yuan, and the previous two quarters < /span>1,621.9 million yuan, 1,490,400 yuan compared to loss further expanded.
Since 618, the fight has continued The joint venture brand launched ‘s “billion-subsidy” plan, which has long opened the subsidy front and continues to this day. Promote a lot of active users to get high growth.
For the 12-month period ended September 30, 2019, has been active for 53.63 billion active buyers, a net increase of 150.8 million compared with the same period last year. In the first quarter, the net increase was 53.1 million, the largest single-season growth since the listing, and it has become “a lot of people who are using 500 million people.” The financial report also shows that has more than one hundred million subsidies. At present, the daily users have exceeded 100 million, and more than 2,800 domestic and foreign brands participated in the project, and more than 23,000 popular subsidized products.
At the active user level, as of September 30, 2019, the average monthly active users of the multi-distribution independent application reached 429.6 million, an increase of 197.9 million compared with the same period of last year and an increase of 63.6 million from the previous month. According to the data released by Sensor Tower, in September 2019, the global App Store shopping application download list ranked first, mobile phone Taobao, US cross-border mobile e-commerce platform Wish, Meng Push and Amazon are ranked second to fifth.
National Bureau of Statistics data shows that as of September 2019, the national online retail sales increased by 16.8% year-on-year. During the 12-month period ended September 30, 2019, the multi-platform GMV was 840.2 billion yuan, a year-on-year increase of 144%. On October 10th, Pinto’s founder and CEO Huang Wei said at the four-year celebration mobilization meeting that the actual payment GMV of the latest quarter has surpassed Jingdong. At this time, it is only a year since the plan to set up a “three-year GMV super-Jingdong”.
Bank of America Merrill Lynch has analyzed and predicted that the average consumption of active buyers will increase by at least two times between 2019 and 2021. From the financial report, has been working hard for nearly three quarters. The average annual consumption of active buyers of the platform has continued to grow, from 1257.3 yuan in the first quarter and 1467.5 yuan in the second quarter, to this quarter. 1566.7 yuan, the forecast of Bank of America Merrill Lynch is gradually being verified.
Also affected by the “10 billion subsidy” plan, the company continued to increase the subsidies for commodities, making a significant increase in marketing expenses. S In the third quarter, the cost of sales and marketing was 6.9 billion yuan, up 114% from the same period last year of 3.2 billion yuan. The previous quarter’s 6.1 billion yuan increased by 800 million yuan. Huang Wei once mentioned in the internal mobilization meeting, to do tens of billions of subsidies, even if the loss is to subsidize consumers, is for the company’s future better development.
In the third quarter, the net cash flow generated by the platform’s operating activities was 2.618 billion yuan, compared with 1.6314 billion in the same period last year. As of September 30, 2019, the company has cash, cash equivalents and restricted cash of 34.4 billion yuan. Excluding restrictive cash, the company’s cash and cash equivalents were RMB 15.7 billion. In addition, the company’s short-term investment is RMB 24.6 billion, and the total amount of cash available is RMB 40.3 billion.
It is worth noting that during the financial reporting period, the company announced that it plans to issue 875 million US dollars of convertible senior bonds. Initial bond subscribers can subscribe for an additional $125 million in 13 days. Based on this speculation, the size of the issue will be around $1 billion. In many aspects, the proceeds from this offering will be mainly used for platform R&D investment and new agricultural infrastructure construction.
Handed out a financial report slightly lower than the market expectation. As of press time, the stock price was more than . The stock price was 35.35 US dollars, a decrease of 13.11.%.