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2021-08-24
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China's Pinduoduo misses quarterly revenue expectations<blockquote>中国拼多多未达季度收入预期</blockquote>
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Analysts on average expected revenue of 26.44 billion yuan, according to IBES data from Refinitiv.Total revenues in the quarter were RMB23,046.2 million, an increase of 89% from RMB12,193.3 millio","content":"<p>Chinese e-commerce platform Pinduoduo Inc missed Wall Street expectations for quarterly revenue on Tuesday, hit by tough competition from larger rivals like Alibaba and JD.Com to tap into the pandemic-driven online shopping surge.</p><p><blockquote>中国电子商务平台拼多多周二的季度收入未达华尔街预期,受到阿里巴巴-SW和京东等大型竞争对手的激烈竞争,以利用疫情推动的在线购物激增。</blockquote></p><p> Total revenue was 23.05 billion yuan ($3.56 billion)in the second quarter ended June 30. Analysts on average expected revenue of 26.44 billion yuan, according to IBES data from Refinitiv.</p><p><blockquote>截至 6 月 30 日的第二季度总收入为 230.5 亿元人民币(35.6 亿美元)。根据路孚特的 IBES 数据,分析师平均预期营收为 264.4 亿元人民币。</blockquote></p><p> <a href=\"https://laohu8.com/RN?name=RNLive&rndata=%7B%22liveId%22:%2216296953172882%22%7D\" target=\"_blank\">Q2 2021 Pinduoduo Inc Earnings Conference Call</a></p><p><blockquote><a href=\"https://laohu8.com/RN?name=RNLive&rndata=%7B%22liveId%22:%2216296953172882%22%7D\" target=\"_blank\">2021 年第二季度拼多多公司收益电话会议</a></blockquote></p><p> <b>Second Quarter 2021 Highlights</b></p><p><blockquote><b>2021 年第二季度亮点</b></blockquote></p><p> <ul> <li><b>Total revenues</b> in the quarter were RMB23,046.2 million(US$3,569.4 million), an increase of 89% from RMB12,193.3 millionin the same quarter of 2020.</li> <li><b>Average monthly active users</b> in the quarter was 738.5 million, an increase of 30% from 568.8 million in the same quarter of 2020.</li> <li><b>Active buyers</b> in the twelve-month period endedJune 30, 2021was 849.9 million, an increase of 24% from 683.2 million in the twelve-month period endedJune 30, 2020.</li> <li><b>Operating profit</b> in the quarter wasRMB1,997.5 million(US$309.4 million), compared with operating loss ofRMB1,639.6 millionin the same quarter of 2020.<b>Non-GAAP operating profit</b> in the quarter wasRMB3,185.2 million(US$493.3 million), compared with non-GAAP operating loss ofRMB725.1 millionin the same quarter of 2020.</li> <li><b>Net income attributable to ordinary shareholders</b> in the quarter wasRMB2,414.6 million(US$374.0 million), compared with net loss ofRMB899.3 millionin the same quarter of 2020.<b>Non-GAAP net income attributable to ordinary shareholders</b> in the quarter wasRMB4,125.3 million(US$638.9 million), compared with non-GAAP net loss ofRMB77.2 millionin the same quarter of 2020.</li> </ul> Pinduoduo shares were back to $84.01, up 3.6%.</p><p><blockquote><ul><li><b>收入总额</b>本季度营业额为人民币230.462亿元(35.694亿美元),较2020年同季度的人民币121.933亿元增长89%。</li><li><b>平均月活跃用户</b>本季度为 7.385 亿美元,比 2020 年同季度的 5.688 亿美元增长 30%。</li><li><b>活跃买家</b>截至2021年6月30日止12个月期间为8.499亿美元,较截至2020年6月30日止12个月期间的6.832亿美元增长24%。</li><li><b>营业溢利</b>该季度的运营亏损为人民币 19.975 亿元(3.094 亿美元),而 2020 年同季度的运营亏损为人民币 16.396 亿元。<b>非 GAAP 营业利润</b>本季度亏损为人民币 31.852 亿元(4.933 亿美元),而 2020 年同季度非 GAAP 运营亏损为人民币 7.251 亿元。</li><li><b>归属于普通股股东的净利润</b>本季度净亏损为人民币24.146亿元(3.74亿美元),而2020年同季度净亏损为人民币8.993亿元。<b>非公认会计准则归属于普通股股东的净利润</b>本季度净亏损为人民币 41.253 亿元(6.389 亿美元),而 2020 年同季度非 GAAP 净亏损为人民币 7,720 万元。</li></ul>拼多多股价回升至 84.01 美元,上涨 3.6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cef551e259866b07f824d1785781e3b7\" tg-width=\"892\" tg-height=\"637\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> “Agriculture has long been at the core of Pinduoduo’s corporate mission and strategy and the '10 Billion Agriculture Initiative' we announced today is a way for us to deepen our support for agricultural modernization and rural vitalization,” saidLei Chen, Chairman and CEO ofPinduoduo, who will oversee the initiative. “Investing in agriculture pays off for everyone because agriculture is the nexus of food security and quality, public health and environmental sustainability.”</p><p><blockquote>“农业长期以来一直是拼多多企业使命和战略的核心,我们今天宣布的'百亿农业计划'是我们深化对农业现代化和乡村振兴支持的一种方式,”将负责监督该计划的拼多多董事长兼首席执行官陈磊说。“投资农业对每个人都有好处,因为农业是粮食安全和质量、公共健康和环境可持续性的纽带”。</blockquote></p><p> “We continued to deliver strong execution in the quarter. Our total revenues, excluding contribution from merchandise sales, for the second quarter 2021 increased 73% from the prior year,” saidTony Ma, Vice President of Finance ofPinduoduo. “Agriculture remains our strategic priority, and we are committed to patient and continued investment in agriculture.”</p><p><blockquote>“我们在本季度继续保持强劲的执行力。2021 年第二季度,我们的总收入(不包括商品销售的贡献)比上年同期增长了 73%,”拼多多财务副总裁 Tony Ma 说。“农业仍然是我们的战略重点,我们致力于耐心和持续地投资农业。”</blockquote></p><p> <b>Second Quarter 2021 Unaudited Financial Results</b></p><p><blockquote><b>2021年第二季度未经审计财务业绩</b></blockquote></p><p> <b>Total revenues</b> were RMB23,046.2 million(US$3,569.4 million), an increase of 89% fromRMB12,193.3 millionin the same quarter of 2020. The increase was primarily due to an increase in revenues from online marketing services.</p><p><blockquote><b>收入总额</b>为人民币23,046.2百万元(3,569.4百万美元),较2020年同季度的人民币12,193.3百万元增长89%。该增加主要是由于在线营销服务收入增加所致。</blockquote></p><p> <ul> <li><b>Revenues from online marketing services and others</b> were RMB18,080.4 million(US$2,800.3 million), an increase of 64% fromRMB11,054.7 millionin the same quarter of 2020.</li> <li><b>Revenues from transaction services</b> were RMB3,007.6 million(US$465.8 million), an increase of 164% fromRMB1,138.6 millionin the same quarter of 2020.</li> <li><b>Revenues from merchandise sales</b> were RMB1,958.2 million(US$303.3 million), an increase ofRMB1,958.2 millionfrom nil in the same quarter of 2020.</li> </ul> <b>Total costs of revenues</b> were RMB7,897.9 million(US$1,223.2 million), an increase of 197% fromRMB2,662.1 millionin the same quarter of 2020. The increase was mainly due to costs attributable to merchandise sales, higher cost of payment processing fees, cloud services fees, and delivery and storage fees.</p><p><blockquote><ul><li><b>来自在线营销服务及其他的收入</b>为人民币18,080.4百万元(2,800.3百万美元),较2020年同季度的人民币11,054.7百万元增长64%。</li><li><b>交易服务收入</b>为人民币30.076亿元(4.658亿美元),较2020年同季度的人民币11.386亿元增长164%。</li><li><b>商品销售收入</b>为人民币1,958.2百万元(3.033亿美元),较2020年同一季度的零增加人民币1,958.2百万元。</li></ul><b>收入总成本</b>为人民币78.979亿元(12.232亿美元),较2020年同一季度的人民币26.621亿元增长197%。该增加主要由于商品销售应占成本、支付处理费、云服务费以及交付和仓储费成本上升所致。</blockquote></p><p> <b>Total operating expenses</b> were RMB13,150.9 million(US$2,036.8 million), compared withRMB11,170.8 millionin the same quarter of 2020.</p><p><blockquote><b>营运开支总额</b>为人民币13,150.9百万元(2,036.8百万美元),而2020年同季度为人民币111,170.8百万元。</blockquote></p><p></p><p> <ul> <li><b>Sales and marketing expenses</b> were RMB10,387.9 million(US$1,608.9 million), an increase of 14% fromRMB9,113.6 millionin the same quarter of 2020, mainly due to an increase in promotion and coupon expenses.</li> <li><b>General and administrative expenses</b> were RMB434.2 million(US$67.2 million), an increase of 10% fromRMB394.8 millionin the same quarter of 2020.</li> <li><b>Research and development expenses</b> were RMB2,328.8 million(US$360.7 million), an increase of 40% fromRMB1,662.4 millionin the same quarter of 2020. The increase was primarily due to an increase in headcount and the recruitment of more experienced R&D personnel and an increase in R&D-related cloud services expenses.</li> </ul> <b>Operating profit</b> in the quarter wasRMB1,997.5 million(US$309.4 million), compared with operating loss ofRMB1,639.6 millionin the same quarter of 2020.<b>Non-GAAP operating profit</b> in the quarter wasRMB3,185.2 million(US$493.3 million), compared with non-GAAP operating loss ofRMB725.1 millionin the same quarter of 2020.</p><p><blockquote><ul><li><b>销售及市场推广开支</b>为人民币10,387.9百万元(1,608.9百万美元),较二零二零年同季度的人民币9,113.6百万元增长14%,主要由于促销及优惠券开支增加所致。</li><li><b>一般及行政开支</b>为人民币4.342亿元(6720万美元),较2020年同季度的人民币3.948亿元增长10%。</li><li><b>研发开支</b>为人民币2,328.8百万元(3.607亿美元),较2020年同一季度的人民币1,662.4百万元增长40%。该增加主要由于员工人数增加及招聘更多经验丰富的研发人员以及研发相关云服务开支增加所致。</li></ul><b>营业溢利</b>该季度的运营亏损为人民币 19.975 亿元(3.094 亿美元),而 2020 年同季度的运营亏损为人民币 16.396 亿元。<b>非 GAAP 营业利润</b>本季度亏损为人民币 31.852 亿元(4.933 亿美元),而 2020 年同季度非 GAAP 运营亏损为人民币 7.251 亿元。</blockquote></p><p> <b>Net income attributable to ordinary shareholders</b> in the quarter wasRMB2,414.6 million(US$374.0 million), compared with net loss ofRMB899.3 millionin the same quarter of 2020.<b>Non-GAAP net income attributable to ordinary shareholders</b> in the quarter wasRMB4,125.3 million(US$638.9 million), compared with non-GAAP net loss ofRMB77.2 millionin the same quarter of 2020.</p><p><blockquote><b>归属于普通股股东的净利润</b>本季度净亏损为人民币24.146亿元(3.74亿美元),而2020年同季度净亏损为人民币8.993亿元。<b>非公认会计准则归属于普通股股东的净利润</b>本季度净亏损为人民币 41.253 亿元(6.389 亿美元),而 2020 年同季度非 GAAP 净亏损为人民币 7,720 万元。</blockquote></p><p> <b>Basic earnings per ADS</b> was RMB1.93(US$0.30) and <b>diluted earnings per ADS</b> was RMB1.69(US$0.27), compared with basic and diluted net loss per ADS ofRMB0.75in the same quarter of 2020.<b>Non-GAAP diluted earnings per ADS</b> was RMB2.85(US$0.44), compared with non-GAAP diluted net loss per ADS ofRMB0.06in the same quarter of 2020.</p><p><blockquote><b>每股广告基本收益</b>为人民币1.93元(0.30美元)及<b>每股美国存托凭证摊薄收益</b>为人民币 1.69 元(0.27 美元),而 2020 年同季度每股美国存托凭证的基本和摊薄净亏损为人民币 0.75 元。<b>非 GAAP 稀释每股 ADS 收益</b>为人民币 2.85 元(0.44 美元),而 2020 年同季度非 GAAP 摊薄每股美国存托凭证净亏损为人民币 0.06 元。</blockquote></p><p> <b>Net cash flow provided by operating activities</b> was RMB7,371.2 million(US$1,141.7 million), compared withRMB5,495.3 millionin the same quarter of 2020, primarily due to an increase in online marketing services revenues.</p><p><blockquote><b>经营活动提供的现金流量净额</b>营业额为人民币 7,371.2 百万元(1,141.7 百万美元),而 2020 年同季度为人民币 5,495.3 百万元,主要由于在线营销服务收入增加。</blockquote></p><p> <b>Cash, cash equivalents and short-term investments</b>were RMB 92.2 billion(US$14.3 billion) as ofJune 30, 2021, compared withRMB87.0 billionas ofDecember 31, 2020.</p><p><blockquote><b>现金、现金等价物及短期投资</b>截至2021年6月30日为人民币922亿元(143亿美元),而截至2020年12月31日为人民币870亿元。</blockquote></p><p> <b>Recent Development</b></p><p><blockquote><b>近期发展</b></blockquote></p><p> As ofJuly 31, 2021,US$773.7 millionof the 0% convertible bonds due in 2024 have been converted into newly issued ADSs.</p><p><blockquote>截至2021年7月31日,2024年到期的0%可换股债券中的7.737亿美元已转换为新发行的美国存托凭证。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Pinduoduo misses quarterly revenue expectations<blockquote>中国拼多多未达季度收入预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-08-24 19:24</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Chinese e-commerce platform Pinduoduo Inc missed Wall Street expectations for quarterly revenue on Tuesday, hit by tough competition from larger rivals like Alibaba and JD.Com to tap into the pandemic-driven online shopping surge.</p><p><blockquote>中国电子商务平台拼多多周二的季度收入未达华尔街预期,受到阿里巴巴-SW和京东等大型竞争对手的激烈竞争,以利用疫情推动的在线购物激增。</blockquote></p><p> Total revenue was 23.05 billion yuan ($3.56 billion)in the second quarter ended June 30. Analysts on average expected revenue of 26.44 billion yuan, according to IBES data from Refinitiv.</p><p><blockquote>截至 6 月 30 日的第二季度总收入为 230.5 亿元人民币(35.6 亿美元)。根据路孚特的 IBES 数据,分析师平均预期营收为 264.4 亿元人民币。</blockquote></p><p> <a href=\"https://laohu8.com/RN?name=RNLive&rndata=%7B%22liveId%22:%2216296953172882%22%7D\" target=\"_blank\">Q2 2021 Pinduoduo Inc Earnings Conference Call</a></p><p><blockquote><a href=\"https://laohu8.com/RN?name=RNLive&rndata=%7B%22liveId%22:%2216296953172882%22%7D\" target=\"_blank\">2021 年第二季度拼多多公司收益电话会议</a></blockquote></p><p> <b>Second Quarter 2021 Highlights</b></p><p><blockquote><b>2021 年第二季度亮点</b></blockquote></p><p> <ul> <li><b>Total revenues</b> in the quarter were RMB23,046.2 million(US$3,569.4 million), an increase of 89% from RMB12,193.3 millionin the same quarter of 2020.</li> <li><b>Average monthly active users</b> in the quarter was 738.5 million, an increase of 30% from 568.8 million in the same quarter of 2020.</li> <li><b>Active buyers</b> in the twelve-month period endedJune 30, 2021was 849.9 million, an increase of 24% from 683.2 million in the twelve-month period endedJune 30, 2020.</li> <li><b>Operating profit</b> in the quarter wasRMB1,997.5 million(US$309.4 million), compared with operating loss ofRMB1,639.6 millionin the same quarter of 2020.<b>Non-GAAP operating profit</b> in the quarter wasRMB3,185.2 million(US$493.3 million), compared with non-GAAP operating loss ofRMB725.1 millionin the same quarter of 2020.</li> <li><b>Net income attributable to ordinary shareholders</b> in the quarter wasRMB2,414.6 million(US$374.0 million), compared with net loss ofRMB899.3 millionin the same quarter of 2020.<b>Non-GAAP net income attributable to ordinary shareholders</b> in the quarter wasRMB4,125.3 million(US$638.9 million), compared with non-GAAP net loss ofRMB77.2 millionin the same quarter of 2020.</li> </ul> Pinduoduo shares were back to $84.01, up 3.6%.</p><p><blockquote><ul><li><b>收入总额</b>本季度营业额为人民币230.462亿元(35.694亿美元),较2020年同季度的人民币121.933亿元增长89%。</li><li><b>平均月活跃用户</b>本季度为 7.385 亿美元,比 2020 年同季度的 5.688 亿美元增长 30%。</li><li><b>活跃买家</b>截至2021年6月30日止12个月期间为8.499亿美元,较截至2020年6月30日止12个月期间的6.832亿美元增长24%。</li><li><b>营业溢利</b>该季度的运营亏损为人民币 19.975 亿元(3.094 亿美元),而 2020 年同季度的运营亏损为人民币 16.396 亿元。<b>非 GAAP 营业利润</b>本季度亏损为人民币 31.852 亿元(4.933 亿美元),而 2020 年同季度非 GAAP 运营亏损为人民币 7.251 亿元。</li><li><b>归属于普通股股东的净利润</b>本季度净亏损为人民币24.146亿元(3.74亿美元),而2020年同季度净亏损为人民币8.993亿元。<b>非公认会计准则归属于普通股股东的净利润</b>本季度净亏损为人民币 41.253 亿元(6.389 亿美元),而 2020 年同季度非 GAAP 净亏损为人民币 7,720 万元。</li></ul>拼多多股价回升至 84.01 美元,上涨 3.6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cef551e259866b07f824d1785781e3b7\" tg-width=\"892\" tg-height=\"637\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> “Agriculture has long been at the core of Pinduoduo’s corporate mission and strategy and the '10 Billion Agriculture Initiative' we announced today is a way for us to deepen our support for agricultural modernization and rural vitalization,” saidLei Chen, Chairman and CEO ofPinduoduo, who will oversee the initiative. “Investing in agriculture pays off for everyone because agriculture is the nexus of food security and quality, public health and environmental sustainability.”</p><p><blockquote>“农业长期以来一直是拼多多企业使命和战略的核心,我们今天宣布的'百亿农业计划'是我们深化对农业现代化和乡村振兴支持的一种方式,”将负责监督该计划的拼多多董事长兼首席执行官陈磊说。“投资农业对每个人都有好处,因为农业是粮食安全和质量、公共健康和环境可持续性的纽带”。</blockquote></p><p> “We continued to deliver strong execution in the quarter. Our total revenues, excluding contribution from merchandise sales, for the second quarter 2021 increased 73% from the prior year,” saidTony Ma, Vice President of Finance ofPinduoduo. “Agriculture remains our strategic priority, and we are committed to patient and continued investment in agriculture.”</p><p><blockquote>“我们在本季度继续保持强劲的执行力。2021 年第二季度,我们的总收入(不包括商品销售的贡献)比上年同期增长了 73%,”拼多多财务副总裁 Tony Ma 说。“农业仍然是我们的战略重点,我们致力于耐心和持续地投资农业。”</blockquote></p><p> <b>Second Quarter 2021 Unaudited Financial Results</b></p><p><blockquote><b>2021年第二季度未经审计财务业绩</b></blockquote></p><p> <b>Total revenues</b> were RMB23,046.2 million(US$3,569.4 million), an increase of 89% fromRMB12,193.3 millionin the same quarter of 2020. The increase was primarily due to an increase in revenues from online marketing services.</p><p><blockquote><b>收入总额</b>为人民币23,046.2百万元(3,569.4百万美元),较2020年同季度的人民币12,193.3百万元增长89%。该增加主要是由于在线营销服务收入增加所致。</blockquote></p><p> <ul> <li><b>Revenues from online marketing services and others</b> were RMB18,080.4 million(US$2,800.3 million), an increase of 64% fromRMB11,054.7 millionin the same quarter of 2020.</li> <li><b>Revenues from transaction services</b> were RMB3,007.6 million(US$465.8 million), an increase of 164% fromRMB1,138.6 millionin the same quarter of 2020.</li> <li><b>Revenues from merchandise sales</b> were RMB1,958.2 million(US$303.3 million), an increase ofRMB1,958.2 millionfrom nil in the same quarter of 2020.</li> </ul> <b>Total costs of revenues</b> were RMB7,897.9 million(US$1,223.2 million), an increase of 197% fromRMB2,662.1 millionin the same quarter of 2020. The increase was mainly due to costs attributable to merchandise sales, higher cost of payment processing fees, cloud services fees, and delivery and storage fees.</p><p><blockquote><ul><li><b>来自在线营销服务及其他的收入</b>为人民币18,080.4百万元(2,800.3百万美元),较2020年同季度的人民币11,054.7百万元增长64%。</li><li><b>交易服务收入</b>为人民币30.076亿元(4.658亿美元),较2020年同季度的人民币11.386亿元增长164%。</li><li><b>商品销售收入</b>为人民币1,958.2百万元(3.033亿美元),较2020年同一季度的零增加人民币1,958.2百万元。</li></ul><b>收入总成本</b>为人民币78.979亿元(12.232亿美元),较2020年同一季度的人民币26.621亿元增长197%。该增加主要由于商品销售应占成本、支付处理费、云服务费以及交付和仓储费成本上升所致。</blockquote></p><p> <b>Total operating expenses</b> were RMB13,150.9 million(US$2,036.8 million), compared withRMB11,170.8 millionin the same quarter of 2020.</p><p><blockquote><b>营运开支总额</b>为人民币13,150.9百万元(2,036.8百万美元),而2020年同季度为人民币111,170.8百万元。</blockquote></p><p></p><p> <ul> <li><b>Sales and marketing expenses</b> were RMB10,387.9 million(US$1,608.9 million), an increase of 14% fromRMB9,113.6 millionin the same quarter of 2020, mainly due to an increase in promotion and coupon expenses.</li> <li><b>General and administrative expenses</b> were RMB434.2 million(US$67.2 million), an increase of 10% fromRMB394.8 millionin the same quarter of 2020.</li> <li><b>Research and development expenses</b> were RMB2,328.8 million(US$360.7 million), an increase of 40% fromRMB1,662.4 millionin the same quarter of 2020. The increase was primarily due to an increase in headcount and the recruitment of more experienced R&D personnel and an increase in R&D-related cloud services expenses.</li> </ul> <b>Operating profit</b> in the quarter wasRMB1,997.5 million(US$309.4 million), compared with operating loss ofRMB1,639.6 millionin the same quarter of 2020.<b>Non-GAAP operating profit</b> in the quarter wasRMB3,185.2 million(US$493.3 million), compared with non-GAAP operating loss ofRMB725.1 millionin the same quarter of 2020.</p><p><blockquote><ul><li><b>销售及市场推广开支</b>为人民币10,387.9百万元(1,608.9百万美元),较二零二零年同季度的人民币9,113.6百万元增长14%,主要由于促销及优惠券开支增加所致。</li><li><b>一般及行政开支</b>为人民币4.342亿元(6720万美元),较2020年同季度的人民币3.948亿元增长10%。</li><li><b>研发开支</b>为人民币2,328.8百万元(3.607亿美元),较2020年同一季度的人民币1,662.4百万元增长40%。该增加主要由于员工人数增加及招聘更多经验丰富的研发人员以及研发相关云服务开支增加所致。</li></ul><b>营业溢利</b>该季度的运营亏损为人民币 19.975 亿元(3.094 亿美元),而 2020 年同季度的运营亏损为人民币 16.396 亿元。<b>非 GAAP 营业利润</b>本季度亏损为人民币 31.852 亿元(4.933 亿美元),而 2020 年同季度非 GAAP 运营亏损为人民币 7.251 亿元。</blockquote></p><p> <b>Net income attributable to ordinary shareholders</b> in the quarter wasRMB2,414.6 million(US$374.0 million), compared with net loss ofRMB899.3 millionin the same quarter of 2020.<b>Non-GAAP net income attributable to ordinary shareholders</b> in the quarter wasRMB4,125.3 million(US$638.9 million), compared with non-GAAP net loss ofRMB77.2 millionin the same quarter of 2020.</p><p><blockquote><b>归属于普通股股东的净利润</b>本季度净亏损为人民币24.146亿元(3.74亿美元),而2020年同季度净亏损为人民币8.993亿元。<b>非公认会计准则归属于普通股股东的净利润</b>本季度净亏损为人民币 41.253 亿元(6.389 亿美元),而 2020 年同季度非 GAAP 净亏损为人民币 7,720 万元。</blockquote></p><p> <b>Basic earnings per ADS</b> was RMB1.93(US$0.30) and <b>diluted earnings per ADS</b> was RMB1.69(US$0.27), compared with basic and diluted net loss per ADS ofRMB0.75in the same quarter of 2020.<b>Non-GAAP diluted earnings per ADS</b> was RMB2.85(US$0.44), compared with non-GAAP diluted net loss per ADS ofRMB0.06in the same quarter of 2020.</p><p><blockquote><b>每股广告基本收益</b>为人民币1.93元(0.30美元)及<b>每股美国存托凭证摊薄收益</b>为人民币 1.69 元(0.27 美元),而 2020 年同季度每股美国存托凭证的基本和摊薄净亏损为人民币 0.75 元。<b>非 GAAP 稀释每股 ADS 收益</b>为人民币 2.85 元(0.44 美元),而 2020 年同季度非 GAAP 摊薄每股美国存托凭证净亏损为人民币 0.06 元。</blockquote></p><p> <b>Net cash flow provided by operating activities</b> was RMB7,371.2 million(US$1,141.7 million), compared withRMB5,495.3 millionin the same quarter of 2020, primarily due to an increase in online marketing services revenues.</p><p><blockquote><b>经营活动提供的现金流量净额</b>营业额为人民币 7,371.2 百万元(1,141.7 百万美元),而 2020 年同季度为人民币 5,495.3 百万元,主要由于在线营销服务收入增加。</blockquote></p><p> <b>Cash, cash equivalents and short-term investments</b>were RMB 92.2 billion(US$14.3 billion) as ofJune 30, 2021, compared withRMB87.0 billionas ofDecember 31, 2020.</p><p><blockquote><b>现金、现金等价物及短期投资</b>截至2021年6月30日为人民币922亿元(143亿美元),而截至2020年12月31日为人民币870亿元。</blockquote></p><p> <b>Recent Development</b></p><p><blockquote><b>近期发展</b></blockquote></p><p> As ofJuly 31, 2021,US$773.7 millionof the 0% convertible bonds due in 2024 have been converted into newly issued ADSs.</p><p><blockquote>截至2021年7月31日,2024年到期的0%可换股债券中的7.737亿美元已转换为新发行的美国存托凭证。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194470972","content_text":"Chinese e-commerce platform Pinduoduo Inc missed Wall Street expectations for quarterly revenue on Tuesday, hit by tough competition from larger rivals like Alibaba and JD.Com to tap into the pandemic-driven online shopping surge.\nTotal revenue was 23.05 billion yuan ($3.56 billion)in the second quarter ended June 30. Analysts on average expected revenue of 26.44 billion yuan, according to IBES data from Refinitiv.\nQ2 2021 Pinduoduo Inc Earnings Conference Call\nSecond Quarter 2021 Highlights\n\nTotal revenues in the quarter were RMB23,046.2 million(US$3,569.4 million), an increase of 89% from RMB12,193.3 millionin the same quarter of 2020.\nAverage monthly active users in the quarter was 738.5 million, an increase of 30% from 568.8 million in the same quarter of 2020.\nActive buyers in the twelve-month period endedJune 30, 2021was 849.9 million, an increase of 24% from 683.2 million in the twelve-month period endedJune 30, 2020.\nOperating profit in the quarter wasRMB1,997.5 million(US$309.4 million), compared with operating loss ofRMB1,639.6 millionin the same quarter of 2020.Non-GAAP operating profit in the quarter wasRMB3,185.2 million(US$493.3 million), compared with non-GAAP operating loss ofRMB725.1 millionin the same quarter of 2020.\nNet income attributable to ordinary shareholders in the quarter wasRMB2,414.6 million(US$374.0 million), compared with net loss ofRMB899.3 millionin the same quarter of 2020.Non-GAAP net income attributable to ordinary shareholders in the quarter wasRMB4,125.3 million(US$638.9 million), compared with non-GAAP net loss ofRMB77.2 millionin the same quarter of 2020.\n\nPinduoduo shares were back to $84.01, up 3.6%.\n\n“Agriculture has long been at the core of Pinduoduo’s corporate mission and strategy and the '10 Billion Agriculture Initiative' we announced today is a way for us to deepen our support for agricultural modernization and rural vitalization,” saidLei Chen, Chairman and CEO ofPinduoduo, who will oversee the initiative. “Investing in agriculture pays off for everyone because agriculture is the nexus of food security and quality, public health and environmental sustainability.”\n“We continued to deliver strong execution in the quarter. Our total revenues, excluding contribution from merchandise sales, for the second quarter 2021 increased 73% from the prior year,” saidTony Ma, Vice President of Finance ofPinduoduo. “Agriculture remains our strategic priority, and we are committed to patient and continued investment in agriculture.”\nSecond Quarter 2021 Unaudited Financial Results\nTotal revenues were RMB23,046.2 million(US$3,569.4 million), an increase of 89% fromRMB12,193.3 millionin the same quarter of 2020. The increase was primarily due to an increase in revenues from online marketing services.\n\nRevenues from online marketing services and others were RMB18,080.4 million(US$2,800.3 million), an increase of 64% fromRMB11,054.7 millionin the same quarter of 2020.\nRevenues from transaction services were RMB3,007.6 million(US$465.8 million), an increase of 164% fromRMB1,138.6 millionin the same quarter of 2020.\nRevenues from merchandise sales were RMB1,958.2 million(US$303.3 million), an increase ofRMB1,958.2 millionfrom nil in the same quarter of 2020.\n\nTotal costs of revenues were RMB7,897.9 million(US$1,223.2 million), an increase of 197% fromRMB2,662.1 millionin the same quarter of 2020. The increase was mainly due to costs attributable to merchandise sales, higher cost of payment processing fees, cloud services fees, and delivery and storage fees.\nTotal operating expenses were RMB13,150.9 million(US$2,036.8 million), compared withRMB11,170.8 millionin the same quarter of 2020.\n\nSales and marketing expenses were RMB10,387.9 million(US$1,608.9 million), an increase of 14% fromRMB9,113.6 millionin the same quarter of 2020, mainly due to an increase in promotion and coupon expenses.\nGeneral and administrative expenses were RMB434.2 million(US$67.2 million), an increase of 10% fromRMB394.8 millionin the same quarter of 2020.\nResearch and development expenses were RMB2,328.8 million(US$360.7 million), an increase of 40% fromRMB1,662.4 millionin the same quarter of 2020. The increase was primarily due to an increase in headcount and the recruitment of more experienced R&D personnel and an increase in R&D-related cloud services expenses.\n\nOperating profit in the quarter wasRMB1,997.5 million(US$309.4 million), compared with operating loss ofRMB1,639.6 millionin the same quarter of 2020.Non-GAAP operating profit in the quarter wasRMB3,185.2 million(US$493.3 million), compared with non-GAAP operating loss ofRMB725.1 millionin the same quarter of 2020.\nNet income attributable to ordinary shareholders in the quarter wasRMB2,414.6 million(US$374.0 million), compared with net loss ofRMB899.3 millionin the same quarter of 2020.Non-GAAP net income attributable to ordinary shareholders in the quarter wasRMB4,125.3 million(US$638.9 million), compared with non-GAAP net loss ofRMB77.2 millionin the same quarter of 2020.\nBasic earnings per ADS was RMB1.93(US$0.30) and diluted earnings per ADS was RMB1.69(US$0.27), compared with basic and diluted net loss per ADS ofRMB0.75in the same quarter of 2020.Non-GAAP diluted earnings per ADS was RMB2.85(US$0.44), compared with non-GAAP diluted net loss per ADS ofRMB0.06in the same quarter of 2020.\nNet cash flow provided by operating activities was RMB7,371.2 million(US$1,141.7 million), compared withRMB5,495.3 millionin the same quarter of 2020, primarily due to an increase in online marketing services revenues.\nCash, cash equivalents and short-term investmentswere RMB 92.2 billion(US$14.3 billion) as ofJune 30, 2021, compared withRMB87.0 billionas ofDecember 31, 2020.\nRecent Development\nAs ofJuly 31, 2021,US$773.7 millionof the 0% convertible bonds due in 2024 have been converted into newly issued ADSs.","news_type":1,"symbols_score_info":{"PDD":0.9}},"isVote":1,"tweetType":1,"viewCount":823,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":17,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/834414245"}
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