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darrellzhang
darrellzhang
·
2021-05-26
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China's Pinduoduo beats quarterly revenue estimates<blockquote>中国拼多多季度收入超出预期</blockquote>
Chinese e-commerce platform Pinduoduo Inc's quarterly revenue beat Wall Street estimates on Wednesda
China's Pinduoduo beats quarterly revenue estimates<blockquote>中国拼多多季度收入超出预期</blockquote>
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Analysts on average had expected revenue of 20.2 billion yuan, according to IBES data from Refinitiv.</p><p><blockquote>在拼多多在线营销服务收入的推动下，第一季度总收入增长了两倍多，达到 221.7 亿元人民币（34.7 亿美元）。根据 Refinitiv 的 IBES 数据，分析师平均预期营收为 202 亿元人民币。</blockquote></p><p>The interactive buying platform's net loss attributable to shareholders narrowed to 2.91 billion yuan in the quarter ended March 31, from 4.12 billion yuan a year earlier.</p><p><blockquote>截至3月31日的季度，互动购平台归属于股东的净亏损从去年同期的41.2亿元收窄至29.1亿元。</blockquote></p><p>Active buyers on Pinduoduo in the 12-month period ended March rose 31% to about 824 million, outpacing Alibaba's 811 million.</p><p><blockquote>截至3月份的12个月期间，拼多多上的活跃买家增长了31%，达到约8.24亿，超过了阿里巴巴的8.11亿。</blockquote></p><p>Pinduoduo stock surged more than 3% in premarket trading.</p><p><blockquote>拼多多股价在盘前交易中飙升超过 3%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/d78d44a7114b62db59be95f65e93e84e\" tg-width=\"1302\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>First Quarter 2021 Highlights</b></p><p><blockquote><b>2021年第一季度亮点</b></blockquote></p><p><ul><li><b>Total revenues</b> in the quarter were RMB22,167.1 million (US$13,383.4 million), an increase of 239% from RMB6,541.1 millionin the same quarter of 2020.</li><li><b>Average monthly active users</b> in the quarter was 724.6 million, an increase of 49% from 487.4 million in the same quarter of 2020.</li><li><b>Active buyers</b> in the twelve-month period endedMarch 31, 2021was 823.8 million, an increase of 31% from 628.1 million in the twelve-month period endedMarch 31, 2020.</li><li><b>Operating loss</b> in the quarter was RMB4,147.0 million(US$633.0 million), compared with operating loss of RMB4,397.2 millionin the same quarter of 2020.<b>Non-GAAP4 operating loss</b> in the quarter wasRMB 3,174.1 million(US$484.5 million), compared with operating loss ofRMB3,587.9 millionin the same quarter of 2020.</li><li><b>Net loss attributable to ordinary shareholders</b> in the quarter was RMB2,905.4 million(US$ 443.5 million), compared with RMB4,119.3 millionin the same quarter of 2020.<b>Non-GAAP net loss attributable to ordinary shareholders</b> in the quarter was RMB1,890.3 million(US$288.5 million), compared withRMB3,169.6 millionin the same quarter of 2020.</li></ul>“Our growing scale gives us both greater capacity and responsibility to live up to our mission to ‘benefit all’,” said Mr.Lei Chen, Chairman and Chief Executive Officer ofPinduoduo. “We envisionPinduoduoas a platform that not only facilitates the trading of goods and services but also serves as a conduit for turning ideas into solutions to everyday problems.”</p><p><blockquote><ul><li><b>收入总额</b>本季度营业额为人民币221.671亿元（133.834亿美元），较2020年同季度的人民币65.411亿元增长239%。</li><li><b>平均月活跃用户</b>本季度为 7.246 亿美元，比 2020 年同季度的 4.874 亿美元增长 49%。</li><li><b>活跃买家</b>截至2021年3月31日止12个月期间为8.238亿，较截至2020年3月31日止12个月期间的6.281亿增长31%。</li><li><b>经营亏损</b>本季度营业亏损为人民币41.47亿元（6.33亿美元），而2020年同季度营业亏损为人民币43.972亿元。<b>非 GAAP4 运营亏损</b>本季度营业亏损为人民币 31.741 亿元（4.845 亿美元），而 2020 年同季度营业亏损为人民币 35.879 亿元。</li><li><b>归属于普通股股东的净亏损</b>本季度为人民币29.054亿元（4.435亿美元），而2020年同季度为人民币41.193亿元。<b>非 GAAP 归属于普通股股东的净亏损</b>本季度为人民币18.903亿元（2.885亿美元），而2020年同季度为人民币31.696亿元。</li></ul>“拼多多董事长兼首席执行官陈磊先生说：”我们不断扩大的规模赋予了我们更大的能力和责任，以履行我们'造福所有人'的使命。“我们设想拼多多成为一个平台，不仅能促进商品和服务的交易，还能成为一个将想法转化为解决日常问题的渠道。”</blockquote></p><p>“We remain laser-focused on serving our users and anticipating what they need, and doing so in a way that is respectful of the community and environment,” added Mr.David Liu, Vice President of Strategy. “We will continue to engage our users, merchants and partners in improving all aspects of our services.”</p><p><blockquote>“我们将继续专注于服务用户，预测他们的需求，并以尊重社区和环境的方式做到这一点，”战略副总裁刘大伟先生补充道。“我们将继续让用户、商家和合作伙伴参与改善服务的各个方面”。</blockquote></p><p>“We continued to deliver strong results in the first quarter and remain disciplined,” said Mr.Tony Ma, Vice President of Finance. “Our total revenues, excluding contribution from merchandise sales, for the first quarter 2021 increased 161% from the prior year, while our non-GAAP operating and net losses narrowed at the same time.”</p><p><blockquote>“我们在第一季度继续取得强劲业绩，并保持纪律性，”财务副总裁马东尼先生说。“2021 年第一季度，我们的总收入（不包括商品销售的贡献）比上年同期增长了 161%，而我们的非美国通用会计准则营业亏损和净亏损同时收窄。”</blockquote></p><p><b>First Quarter 2021 Unaudited Financial Results</b></p><p><blockquote><b>2021年第一季度未经审计财务业绩</b></blockquote></p><p><b>Total revenues</b>wereRMB22,167.1 million(US$3,383.4 million), an increase of 239% fromRMB6,541.1 millionin the same quarter of 2020. The increase was primarily due to an increase in revenues from online marketing services and contribution from merchandise sales.</p><p><blockquote><b>收入总额</b>为人民币221.671亿元（33.834亿美元），较2020年同季度的人民币65.411亿元增长239%。该增加主要由于在线营销服务收入及商品销售贡献增加所致。</blockquote></p><p><ul><li><b>Revenues from online marketing services and others</b>wereRMB14,111.5 million(US$2,153.8 million), an increase of 157% fromRMB5,492.3 millionin the same quarter of 2020.</li><li><b>Revenues from transaction services</b>wereRMB2,931.5 million(US$447.4 million), an increase of 180% fromRMB1,048.8 millionin the same quarter of 2020.</li><li><b>Revenues from merchandise sales</b>wereRMB5,124.1 million(US$782.1 million), an increase ofRMB5,124.1 millionfrom nil in the same quarter of 2020.</li></ul><b>Total costs of revenues</b>wereRMB10,746.1 million(US$1,640.2 million), an increase of 487% fromRMB1,830.2 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14,111.5百万元（2,153.8百万美元），较2020年同季度的人民币5,492.3百万元增长157%。</li><li><b>交易服务收入</b>为人民币29.315亿元（4.474亿美元），较2020年同一季度的人民币10.488亿元增长180%。</li><li><b>商品销售收入</b>为人民币5,124.1百万元（7.821亿美元），较2020年同一季度的零增加人民币5,124.1百万元。</li></ul><b>收入总成本</b>为人民币10,746.1百万元（1,640.2百万元），较2020年同一季度的人民币1,830.2百万元增长487%。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>wereRMB15,568.0 million(US$2,376.1 million), compared withRMB9,108.0 millionin the same quarter of 2020.</p><p><blockquote><b>营运开支总额</b>为人民币15,568.0百万元（2,376.1百万美元），而2020年同季度为人民币9,108.0百万元。</blockquote></p><p></p><p><ul><li><b>Sales and marketing expenses</b>wereRMB12,997.4 million(US$1,983.8 million), an increase of 78% fromRMB7,296.6 millionin the same quarter of 2020, mainly due to an increase in advertising expenses and promotion and coupon expenses.</li><li><b>General and administrative expenses</b>wereRMB351.9 million(US$53.7 million), an increase of 4% fromRMB338.3 millionin the same quarter of 2020.</li><li><b>Research and development expenses</b>wereRMB2,218.7 million(US$338.6 million), an increase of 51% fromRMB1,473.2 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 loss</b>wasRMB4,147.0 million(US$633.0 million), compared with operating loss ofRMB4,397.2 millionin the same quarter of 2020.<b>Non-GAAP operating loss</b>wasRMB3,174.1 million(US$484.5 million), compared with operating loss ofRMB3,587.9 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12,997.4百万元（1,983.8百万美元），较二零二零年同季度的人民币7,296.6百万元增长78%，主要由于广告费用、促销及优惠券费用增加所致。</li><li><b>一般及行政开支</b>为人民币3.519亿元（5370万美元），较2020年同季度的人民币3.383亿元增长4%。</li><li><b>研发开支</b>为人民币22.187亿元（3.386亿美元），较2020年同一季度的人民币14.732亿元增长51%。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>经营亏损</b>为人民币41.47亿元（6.33亿美元），而2020年同一季度的经营亏损为人民币43.972亿元。<b>非 GAAP 运营亏损</b>为人民币31.741亿元（4.845亿美元），而2020年同季度的经营亏损为人民币35.879亿元。</blockquote></p><p><b>Net loss attributable to ordinary shareholders</b>wasRMB2,905.4 million(US$443.5 million), compared withRMB4,119.3 millionin the same quarter of 2020.<b>Non-GAAP net loss attributable to ordinary shareholders</b>wasRMB1,890.3 million(US$288.5 million), compared withRMB3,169.6 millionin the same quarter of 2020.</p><p><blockquote><b>归属于普通股股东的净亏损</b>为人民币29.054亿元（4.435亿美元），而2020年同季度为人民币41.193亿元。<b>非 GAAP 归属于普通股股东的净亏损</b>为人民币18.903亿元（2.885亿美元），而2020年同季度为人民币31.696亿元。</blockquote></p><p><b>Basic and diluted net loss per ADS</b>wereRMB2.33(US$0.36), compared withRMB3.54in the same quarter of 2020.<b>Non-GAAP basic and diluted net loss per ADS</b>wereRMB1.52(US$0.23), compared withRMB2.73in the same quarter of 2020.</p><p><blockquote><b>每股美国存托凭证基本及摊薄净亏损</b>为人民币2.33元（0.36美元），而2020年同季度为人民币3.54元。<b>非 GAAP 每股美国存托凭证基本和摊薄净亏损</b>为人民币1.52元（0.23美元），而2020年同季度为人民币2.73元。</blockquote></p><p><b>Net cash flow used in operating activities</b>wasRMB3,724.5 million(US$568.5 million), compared withRMB567.1 millionin the same quarter of 2020, primarily due to an increase in restricted cash outflow due to seasonality, offset by increase in online marketing services revenues.</p><p><blockquote><b>经营活动所用现金流量净额</b>为人民币37.245亿元（5.685亿美元），而2020年同季度为人民币5.671亿元，主要是由于季节性因素导致受限制现金流出增加，但被在线营销服务收入的增加所抵消。</blockquote></p><p><b>Cash, cash equivalents and short-term investments</b>wereRMB83.4 billion(US$12.7 billion) as ofMarch 31, 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 3 月 31 日，营业额为人民币 834 亿元（127 亿美元），而截至 2020 年 12 月 31 日，营业额为人民币 870 亿元。</blockquote></p><p><b>Recent Development</b></p><p><blockquote><b>近期发展</b></blockquote></p><p>As ofApril 30, 2021,US$756.4 millionof the 0% convertible bonds due in 2024 have been converted into newly issued ADSs.</p><p><blockquote>截至2021年4月30日，2024年到期的0%可换股债券中的7.564亿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 beats quarterly revenue estimates<blockquote>中国拼多多季度收入超出预期</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\">2021-05-26 18:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Chinese e-commerce platform Pinduoduo Inc's quarterly revenue beat Wall Street estimates on Wednesday, driven by steady demand for online shopping following the COVID-19 pandemic.</p><p><blockquote>受 COVID-19 大流行后网上购物需求稳定的推动，中国电子商务平台拼多多周三的季度收入超出了华尔街的预期。</blockquote></p><p>Total revenue more than tripled to 22.17 billion yuan ($3.47 billion)in the first quarter, boosted by Pinduoduo's online marketing services revenue. Analysts on average had expected revenue of 20.2 billion yuan, according to IBES data from Refinitiv.</p><p><blockquote>在拼多多在线营销服务收入的推动下，第一季度总收入增长了两倍多，达到 221.7 亿元人民币（34.7 亿美元）。根据 Refinitiv 的 IBES 数据，分析师平均预期营收为 202 亿元人民币。</blockquote></p><p>The interactive buying platform's net loss attributable to shareholders narrowed to 2.91 billion yuan in the quarter ended March 31, from 4.12 billion yuan a year earlier.</p><p><blockquote>截至3月31日的季度，互动购平台归属于股东的净亏损从去年同期的41.2亿元收窄至29.1亿元。</blockquote></p><p>Active buyers on Pinduoduo in the 12-month period ended March rose 31% to about 824 million, outpacing Alibaba's 811 million.</p><p><blockquote>截至3月份的12个月期间，拼多多上的活跃买家增长了31%，达到约8.24亿，超过了阿里巴巴的8.11亿。</blockquote></p><p>Pinduoduo stock surged more than 3% in premarket trading.</p><p><blockquote>拼多多股价在盘前交易中飙升超过 3%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/d78d44a7114b62db59be95f65e93e84e\" tg-width=\"1302\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>First Quarter 2021 Highlights</b></p><p><blockquote><b>2021年第一季度亮点</b></blockquote></p><p><ul><li><b>Total revenues</b> in the quarter were RMB22,167.1 million (US$13,383.4 million), an increase of 239% from RMB6,541.1 millionin the same quarter of 2020.</li><li><b>Average monthly active users</b> in the quarter was 724.6 million, an increase of 49% from 487.4 million in the same quarter of 2020.</li><li><b>Active buyers</b> in the twelve-month period endedMarch 31, 2021was 823.8 million, an increase of 31% from 628.1 million in the twelve-month period endedMarch 31, 2020.</li><li><b>Operating loss</b> in the quarter was RMB4,147.0 million(US$633.0 million), compared with operating loss of RMB4,397.2 millionin the same quarter of 2020.<b>Non-GAAP4 operating loss</b> in the quarter wasRMB 3,174.1 million(US$484.5 million), compared with operating loss ofRMB3,587.9 millionin the same quarter of 2020.</li><li><b>Net loss attributable to ordinary shareholders</b> in the quarter was RMB2,905.4 million(US$ 443.5 million), compared with RMB4,119.3 millionin the same quarter of 2020.<b>Non-GAAP net loss attributable to ordinary shareholders</b> in the quarter was RMB1,890.3 million(US$288.5 million), compared withRMB3,169.6 millionin the same quarter of 2020.</li></ul>“Our growing scale gives us both greater capacity and responsibility to live up to our mission to ‘benefit all’,” said Mr.Lei Chen, Chairman and Chief Executive Officer ofPinduoduo. “We envisionPinduoduoas a platform that not only facilitates the trading of goods and services but also serves as a conduit for turning ideas into solutions to everyday problems.”</p><p><blockquote><ul><li><b>收入总额</b>本季度营业额为人民币221.671亿元（133.834亿美元），较2020年同季度的人民币65.411亿元增长239%。</li><li><b>平均月活跃用户</b>本季度为 7.246 亿美元，比 2020 年同季度的 4.874 亿美元增长 49%。</li><li><b>活跃买家</b>截至2021年3月31日止12个月期间为8.238亿，较截至2020年3月31日止12个月期间的6.281亿增长31%。</li><li><b>经营亏损</b>本季度营业亏损为人民币41.47亿元（6.33亿美元），而2020年同季度营业亏损为人民币43.972亿元。<b>非 GAAP4 运营亏损</b>本季度营业亏损为人民币 31.741 亿元（4.845 亿美元），而 2020 年同季度营业亏损为人民币 35.879 亿元。</li><li><b>归属于普通股股东的净亏损</b>本季度为人民币29.054亿元（4.435亿美元），而2020年同季度为人民币41.193亿元。<b>非 GAAP 归属于普通股股东的净亏损</b>本季度为人民币18.903亿元（2.885亿美元），而2020年同季度为人民币31.696亿元。</li></ul>“拼多多董事长兼首席执行官陈磊先生说：”我们不断扩大的规模赋予了我们更大的能力和责任，以履行我们'造福所有人'的使命。“我们设想拼多多成为一个平台，不仅能促进商品和服务的交易，还能成为一个将想法转化为解决日常问题的渠道。”</blockquote></p><p>“We remain laser-focused on serving our users and anticipating what they need, and doing so in a way that is respectful of the community and environment,” added Mr.David Liu, Vice President of Strategy. “We will continue to engage our users, merchants and partners in improving all aspects of our services.”</p><p><blockquote>“我们将继续专注于服务用户，预测他们的需求，并以尊重社区和环境的方式做到这一点，”战略副总裁刘大伟先生补充道。“我们将继续让用户、商家和合作伙伴参与改善服务的各个方面”。</blockquote></p><p>“We continued to deliver strong results in the first quarter and remain disciplined,” said Mr.Tony Ma, Vice President of Finance. “Our total revenues, excluding contribution from merchandise sales, for the first quarter 2021 increased 161% from the prior year, while our non-GAAP operating and net losses narrowed at the same time.”</p><p><blockquote>“我们在第一季度继续取得强劲业绩，并保持纪律性，”财务副总裁马东尼先生说。“2021 年第一季度，我们的总收入（不包括商品销售的贡献）比上年同期增长了 161%，而我们的非美国通用会计准则营业亏损和净亏损同时收窄。”</blockquote></p><p><b>First Quarter 2021 Unaudited Financial Results</b></p><p><blockquote><b>2021年第一季度未经审计财务业绩</b></blockquote></p><p><b>Total revenues</b>wereRMB22,167.1 million(US$3,383.4 million), an increase of 239% fromRMB6,541.1 millionin the same quarter of 2020. The increase was primarily due to an increase in revenues from online marketing services and contribution from merchandise sales.</p><p><blockquote><b>收入总额</b>为人民币221.671亿元（33.834亿美元），较2020年同季度的人民币65.411亿元增长239%。该增加主要由于在线营销服务收入及商品销售贡献增加所致。</blockquote></p><p><ul><li><b>Revenues from online marketing services and others</b>wereRMB14,111.5 million(US$2,153.8 million), an increase of 157% fromRMB5,492.3 millionin the same quarter of 2020.</li><li><b>Revenues from transaction services</b>wereRMB2,931.5 million(US$447.4 million), an increase of 180% fromRMB1,048.8 millionin the same quarter of 2020.</li><li><b>Revenues from merchandise sales</b>wereRMB5,124.1 million(US$782.1 million), an increase ofRMB5,124.1 millionfrom nil in the same quarter of 2020.</li></ul><b>Total costs of revenues</b>wereRMB10,746.1 million(US$1,640.2 million), an increase of 487% fromRMB1,830.2 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14,111.5百万元（2,153.8百万美元），较2020年同季度的人民币5,492.3百万元增长157%。</li><li><b>交易服务收入</b>为人民币29.315亿元（4.474亿美元），较2020年同一季度的人民币10.488亿元增长180%。</li><li><b>商品销售收入</b>为人民币5,124.1百万元（7.821亿美元），较2020年同一季度的零增加人民币5,124.1百万元。</li></ul><b>收入总成本</b>为人民币10,746.1百万元（1,640.2百万元），较2020年同一季度的人民币1,830.2百万元增长487%。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>wereRMB15,568.0 million(US$2,376.1 million), compared withRMB9,108.0 millionin the same quarter of 2020.</p><p><blockquote><b>营运开支总额</b>为人民币15,568.0百万元（2,376.1百万美元），而2020年同季度为人民币9,108.0百万元。</blockquote></p><p></p><p><ul><li><b>Sales and marketing expenses</b>wereRMB12,997.4 million(US$1,983.8 million), an increase of 78% fromRMB7,296.6 millionin the same quarter of 2020, mainly due to an increase in advertising expenses and promotion and coupon expenses.</li><li><b>General and administrative expenses</b>wereRMB351.9 million(US$53.7 million), an increase of 4% fromRMB338.3 millionin the same quarter of 2020.</li><li><b>Research and development expenses</b>wereRMB2,218.7 million(US$338.6 million), an increase of 51% fromRMB1,473.2 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 loss</b>wasRMB4,147.0 million(US$633.0 million), compared with operating loss ofRMB4,397.2 millionin the same quarter of 2020.<b>Non-GAAP operating loss</b>wasRMB3,174.1 million(US$484.5 million), compared with operating loss ofRMB3,587.9 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12,997.4百万元（1,983.8百万美元），较二零二零年同季度的人民币7,296.6百万元增长78%，主要由于广告费用、促销及优惠券费用增加所致。</li><li><b>一般及行政开支</b>为人民币3.519亿元（5370万美元），较2020年同季度的人民币3.383亿元增长4%。</li><li><b>研发开支</b>为人民币22.187亿元（3.386亿美元），较2020年同一季度的人民币14.732亿元增长51%。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>经营亏损</b>为人民币41.47亿元（6.33亿美元），而2020年同一季度的经营亏损为人民币43.972亿元。<b>非 GAAP 运营亏损</b>为人民币31.741亿元（4.845亿美元），而2020年同季度的经营亏损为人民币35.879亿元。</blockquote></p><p><b>Net loss attributable to ordinary shareholders</b>wasRMB2,905.4 million(US$443.5 million), compared withRMB4,119.3 millionin the same quarter of 2020.<b>Non-GAAP net loss attributable to ordinary shareholders</b>wasRMB1,890.3 million(US$288.5 million), compared withRMB3,169.6 millionin the same quarter of 2020.</p><p><blockquote><b>归属于普通股股东的净亏损</b>为人民币29.054亿元（4.435亿美元），而2020年同季度为人民币41.193亿元。<b>非 GAAP 归属于普通股股东的净亏损</b>为人民币18.903亿元（2.885亿美元），而2020年同季度为人民币31.696亿元。</blockquote></p><p><b>Basic and diluted net loss per ADS</b>wereRMB2.33(US$0.36), compared withRMB3.54in the same quarter of 2020.<b>Non-GAAP basic and diluted net loss per ADS</b>wereRMB1.52(US$0.23), compared withRMB2.73in the same quarter of 2020.</p><p><blockquote><b>每股美国存托凭证基本及摊薄净亏损</b>为人民币2.33元（0.36美元），而2020年同季度为人民币3.54元。<b>非 GAAP 每股美国存托凭证基本和摊薄净亏损</b>为人民币1.52元（0.23美元），而2020年同季度为人民币2.73元。</blockquote></p><p><b>Net cash flow used in operating activities</b>wasRMB3,724.5 million(US$568.5 million), compared withRMB567.1 millionin the same quarter of 2020, primarily due to an increase in restricted cash outflow due to seasonality, offset by increase in online marketing services revenues.</p><p><blockquote><b>经营活动所用现金流量净额</b>为人民币37.245亿元（5.685亿美元），而2020年同季度为人民币5.671亿元，主要是由于季节性因素导致受限制现金流出增加，但被在线营销服务收入的增加所抵消。</blockquote></p><p><b>Cash, cash equivalents and short-term investments</b>wereRMB83.4 billion(US$12.7 billion) as ofMarch 31, 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 3 月 31 日，营业额为人民币 834 亿元（127 亿美元），而截至 2020 年 12 月 31 日，营业额为人民币 870 亿元。</blockquote></p><p><b>Recent Development</b></p><p><blockquote><b>近期发展</b></blockquote></p><p>As ofApril 30, 2021,US$756.4 millionof the 0% convertible bonds due in 2024 have been converted into newly issued ADSs.</p><p><blockquote>截至2021年4月30日，2024年到期的0%可换股债券中的7.564亿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":"1115191257","content_text":"Chinese e-commerce platform Pinduoduo Inc's quarterly revenue beat Wall Street estimates on Wednesday, driven by steady demand for online shopping following the COVID-19 pandemic.Total revenue more than tripled to 22.17 billion yuan ($3.47 billion)in the first quarter, boosted by Pinduoduo's online marketing services revenue. Analysts on average had expected revenue of 20.2 billion yuan, according to IBES data from Refinitiv.The interactive buying platform's net loss attributable to shareholders narrowed to 2.91 billion yuan in the quarter ended March 31, from 4.12 billion yuan a year earlier.Active buyers on Pinduoduo in the 12-month period ended March rose 31% to about 824 million, outpacing Alibaba's 811 million.Pinduoduo stock surged more than 3% in premarket trading.First Quarter 2021 HighlightsTotal revenues in the quarter were RMB22,167.1 million (US$13,383.4 million), an increase of 239% from RMB6,541.1 millionin the same quarter of 2020.Average monthly active users in the quarter was 724.6 million, an increase of 49% from 487.4 million in the same quarter of 2020.Active buyers in the twelve-month period endedMarch 31, 2021was 823.8 million, an increase of 31% from 628.1 million in the twelve-month period endedMarch 31, 2020.Operating loss in the quarter was RMB4,147.0 million(US$633.0 million), compared with operating loss of RMB4,397.2 millionin the same quarter of 2020.Non-GAAP4 operating loss in the quarter wasRMB 3,174.1 million(US$484.5 million), compared with operating loss ofRMB3,587.9 millionin the same quarter of 2020.Net loss attributable to ordinary shareholders in the quarter was RMB2,905.4 million(US$ 443.5 million), compared with RMB4,119.3 millionin the same quarter of 2020.Non-GAAP net loss attributable to ordinary shareholders in the quarter was RMB1,890.3 million(US$288.5 million), compared withRMB3,169.6 millionin the same quarter of 2020.“Our growing scale gives us both greater capacity and responsibility to live up to our mission to ‘benefit all’,” said Mr.Lei Chen, Chairman and Chief Executive Officer ofPinduoduo. “We envisionPinduoduoas a platform that not only facilitates the trading of goods and services but also serves as a conduit for turning ideas into solutions to everyday problems.”“We remain laser-focused on serving our users and anticipating what they need, and doing so in a way that is respectful of the community and environment,” added Mr.David Liu, Vice President of Strategy. “We will continue to engage our users, merchants and partners in improving all aspects of our services.”“We continued to deliver strong results in the first quarter and remain disciplined,” said Mr.Tony Ma, Vice President of Finance. “Our total revenues, excluding contribution from merchandise sales, for the first quarter 2021 increased 161% from the prior year, while our non-GAAP operating and net losses narrowed at the same time.”First Quarter 2021 Unaudited Financial ResultsTotal revenueswereRMB22,167.1 million(US$3,383.4 million), an increase of 239% fromRMB6,541.1 millionin the same quarter of 2020. The increase was primarily due to an increase in revenues from online marketing services and contribution from merchandise sales.Revenues from online marketing services and otherswereRMB14,111.5 million(US$2,153.8 million), an increase of 157% fromRMB5,492.3 millionin the same quarter of 2020.Revenues from transaction serviceswereRMB2,931.5 million(US$447.4 million), an increase of 180% fromRMB1,048.8 millionin the same quarter of 2020.Revenues from merchandise saleswereRMB5,124.1 million(US$782.1 million), an increase ofRMB5,124.1 millionfrom nil in the same quarter of 2020.Total costs of revenueswereRMB10,746.1 million(US$1,640.2 million), an increase of 487% fromRMB1,830.2 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.Total operating expenseswereRMB15,568.0 million(US$2,376.1 million), compared withRMB9,108.0 millionin the same quarter of 2020.Sales and marketing expenseswereRMB12,997.4 million(US$1,983.8 million), an increase of 78% fromRMB7,296.6 millionin the same quarter of 2020, mainly due to an increase in advertising expenses and promotion and coupon expenses.General and administrative expenseswereRMB351.9 million(US$53.7 million), an increase of 4% fromRMB338.3 millionin the same quarter of 2020.Research and development expenseswereRMB2,218.7 million(US$338.6 million), an increase of 51% fromRMB1,473.2 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.Operating losswasRMB4,147.0 million(US$633.0 million), compared with operating loss ofRMB4,397.2 millionin the same quarter of 2020.Non-GAAP operating losswasRMB3,174.1 million(US$484.5 million), compared with operating loss ofRMB3,587.9 millionin the same quarter of 2020.Net loss attributable to ordinary shareholderswasRMB2,905.4 million(US$443.5 million), compared withRMB4,119.3 millionin the same quarter of 2020.Non-GAAP net loss attributable to ordinary shareholderswasRMB1,890.3 million(US$288.5 million), compared withRMB3,169.6 millionin the same quarter of 2020.Basic and diluted net loss per ADSwereRMB2.33(US$0.36), compared withRMB3.54in the same quarter of 2020.Non-GAAP basic and diluted net loss per ADSwereRMB1.52(US$0.23), compared withRMB2.73in the same quarter of 2020.Net cash flow used in operating activitieswasRMB3,724.5 million(US$568.5 million), compared withRMB567.1 millionin the same quarter of 2020, primarily due to an increase in restricted cash outflow due to seasonality, offset by increase in online marketing services revenues.Cash, cash equivalents and short-term investmentswereRMB83.4 billion(US$12.7 billion) as ofMarch 31, 2021, compared withRMB87.0 billionas ofDecember 31, 2020.Recent DevelopmentAs ofApril 30, 2021,US$756.4 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":919,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}