(deficit)/equity (3,410,993) 288,331 41,086
------------ ---------- --------
Total liabilities,
mezzanine equity and
shareholders'
(deficit)/equity 924,846 871,073 124,127
============ ========== ========
YXT.COM GROUP HOLDING LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE (LOSS)/INCOME
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2023 AND 2024
(All amounts in thousands, except for share and per
share data, unless otherwise noted)
For the nine months ended September 30,
2023 2024
-----------------
RMB RMB US$
Revenues:
Corporate learning
solutions 318,656 240,286 34,240
Others 10,174 1,439 206
------------- ------------ ----------
Total revenues 328,830 241,725 34,446
------------- ------------ ----------
Cost of revenues (133,819) (95,785) (13,649)
Sales and marketing
expenses (173,241) (105,822) (15,080)
Research and
development
expenses (136,784) (90,606) (12,911)
General and
administrative
expenses (117,087) (75,039) (10,694)
Other operating
income 5,171 6,461 921
------------- ------------ ----------
Loss from operations (226,930) (119,066) (16,967)
------------- ------------ ----------
Interest and
investment income 3,608 5,105 728
Interest expense (2,831) (7,866) (1,121)
Investment losses (6,134) (6,153) (877)
Gain on
deconsolidation of
CEIBS Publishing
Group - 78,760 11,223
Foreign exchange
loss, net (274) (39) (6)
Change in fair value
of derivative
liabilities (16,200) 34,378 4,899
------------- ------------ ----------
Loss before income
tax expense (248,761) (14,881) (2,121)
Income tax benefit 3,461 - -
------------- ------------ ----------
Net loss (245,300) (14,881) (2,121)
------------- ------------ ----------
Net loss attributable
to non-controlling
interests
shareholders 5,629 300 43
Net loss attributable
to YXT.COM Group
Holding Limited (239,671) (14,581) (2,078)
------------- ------------ ----------
YXT.COM GROUP HOLDING LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE (LOSS)/INCOME
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2023 AND 2024
(All amounts in thousands, except for share and per
share data, unless otherwise noted)
For the nine months ended September 30,
2023 2024
---------------
RMB RMB US$
Net loss attributable
to YXT.COM Group
Holding Limited (239,671) (14,581) (2,078)
Net accretion of
convertible redeemable
preferred shares (103,840) (290,543) (41,402)
Deemed contribution to
common shareholders
due to modification
and extinguishment - 672,170 94,783
Deemed dividend to
preferred shareholders
due to modification - (5,940) (846)
Net (loss)/income
attributable to
ordinary shareholders
of YXT.COM Group
Holding Limited (343,511) 361,106 51,457
=========== =========== ===========
Net loss (245,300) (14,881) (2,121)
Other comprehensive
(loss)/income
Foreign currency
translation 4,951 (4,715) (671)
Unrealized
gain/(loss) on
investments in
available-for-sale
debt securities,
net of tax 2,923 (9,071) (1,293)
Total comprehensive
loss (237,426) (28,667) (4,085)
----------- ----------- -----------
Total comprehensive
loss attributable to
non-controlling
interests 5,629 300 42
Total comprehensive
loss attributable to
YXT.COM Group Holding
Limited (231,797) (28,367) (4,042)
=========== =========== ===========
Net (loss)/income
attributable to
ordinary shareholders
of YXT.COM Group
Holding Limited (343,511) 361,106 51,457
--Weighted average
number of ordinary
shares basic and
diluted 48,629,814 72,004,696 72,004,696
Net (loss)/income per
share attributable to
ordinary
shareholders:
--Basic and diluted (7.06) 5.02 0.72
YXT.COM GROUP HOLDING LIMITED
UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2023 AND 2024
(All amounts in thousands, except for share and per
share data, unless otherwise noted)
For the nine months ended September 30,
2023 2024
-----------------
RMB RMB US$
Net loss (245,300) (14,881) (2,121)
Adjustments:
Amortization of
incremental
intangible assets
resulting from
business
combination 12,730 - -
Gain on
deconsolidation of
CEIBS Publishing
Group - (78,760) (11,222)
Share-based
compensation 23,423 4,915 700
Change in fair value
of derivative
liabilities 16,200 (34,378) (4,899)
------------- ------------ ----------
Adjusted loss before
income taxes (192,947) (123,104) (17,542)
Adjusted income taxes (3,183) - -
------------- ------------ ----------
Adjusted net loss (196,130) (123,104) (17,542)
------------- ------------
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November 26, 2024 16:30 ET (21:30 GMT)
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