Press Release: Dada Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results

The table below sets forth the corrections to the breakdown of net revenues for the periods indicated:

 
 
                    For the three months ended            For the three months ended            For the three months ended 
                          March 31, 2023                         June 30, 2023                      September 30, 2023 
               ------------------------------------  ------------------------------------  ------------------------------------ 
                   As                                    As                                    As 
               previously                    As      previously                    As      previously                    As 
                reported    Adjustments    revised    reported    Adjustments    revised    reported    Adjustments    revised 
               ----------  -------------  ---------  ----------  -------------  ---------  ----------  -------------  --------- 
                  RMB           RMB          RMB        RMB           RMB          RMB        RMB           RMB          RMB 
 
 
Net revenues 
JDDJ 
   Services     1,826,655   (40,091)      1,786,564   1,830,165   (213,786)     1,616,379   1,784,188   (244,715)     1,539,473 
   Sales of 
    goods              --        --              --          --         --             --         807         --            807 
               ----------  --------  ---  ---------  ----------  ---------      ---------  ----------  ---------      --------- 
Subtotal        1,826,655   (40,091)      1,786,564   1,830,165   (213,786)     1,616,379   1,784,995   (244,715)     1,540,280 
               ----------  --------       ---------  ----------  ---------      ---------  ----------  ---------      --------- 
Dada Now 
   Services       733,775        --         733,775     965,773         --        965,773   1,072,165         --      1,072,165 
   Sales of 
    goods          15,070        --          15,070      14,661         --         14,661       9,394         --          9,394 
               ----------  --------  ---  ---------  ----------  ---------      ---------  ----------  ---------      --------- 
Subtotal          748,845        --         748,845     980,434         --        980,434   1,081,559         --      1,081,559 
               ----------  --------  ---  ---------  ----------  ---------      ---------  ----------  ---------      --------- 
Total           2,575,500   (40,091)      2,535,409   2,810,599   (213,786)     2,596,813   2,866,554   (244,715)     2,621,839 
               ==========  ========       =========  ==========  =========      =========  ==========  =========      ========= 
 
 

_________________________

1 Non-GAAP income/(loss) from operations represents income/(loss) from operations excluding the impact of share-based compensation expenses, amortization of intangible assets resulting from acquisitions and impairment loss of goodwill.

2 Non-GAAP net income/(loss) represents net income/(loss) excluding the impact of share-based compensation expenses, amortization of intangible assets resulting from acquisitions, tax benefit from amortization of such intangible assets, and impairment loss of goodwill.

3 Non-GAAP net income/(loss) per share is non-GAAP net income/(loss) divided by weighted average number of shares used in calculating net income/(loss) per share.

(4 Fiscal year 2023 financial results had reflected the impact of corrections to certain line items of previously released unaudited quarterly condensed consolidated financial statements for the first three quarters of fiscal year 2023. Please refer to appendix II of this earnings release for details.)

(END) Dow Jones Newswires

March 25, 2024 18:00 ET (22:00 GMT)