Social Networking Platform Gathered In The Fourth Quarter Of 2019, With A Total Revenue Of 2 Billion 450 Million Yuan.

A few days ago, the social networking platform gathered for the fourth quarter of December 31st and the full year results for the year ended 2019.

According to the financial report, the total revenue in the fourth quarter of 2019 was RMB 2 billion 449 million 400 thousand yuan (about 351 million 800 thousand US dollars), compared with 4 billion 465 million 900 thousand yuan in the same period last year. The net loss was RMB 4 million 900 thousand yuan (about 700 thousand US dollars), which was 8 million 600 thousand yuan in the same period last year. Ten thousand dollars), the same period in 2018 was 9 million 200 thousand yuan.

Among them, in the fourth quarter of 2019, the gathering platform GMV was 11 billion yuan (US $1 billion 600 million), an increase of 36.1% compared with the US $8 billion 100 million in the same period last year.

In 2019, the total revenue was RMB 11 billion 672 million yuan (US $1 billion 676 million 600 thousand). In 2018, this figure was 13 billion 15 million 200 thousand yuan, the net loss was 123 million 800 thousand yuan (about 17 million 800 thousand US dollars), and in 2018, it was RMB 56 million 300 thousand yuan. The net profit after adjustment was not in accordance with US GAAP, the net profit was 4 million 400 thousand yuan (about 600 thousand US dollars), and 2018 net. The loss is RMB 2 million yuan.

In terms of platform data, financial reports showed that the number of members gathered from September 30, 2019 to 12 million 300 thousand increased to 13 million 800 thousand, an increase of 12.3%. As of December 31, 2019, the number of trading members increased from 6 million 100 thousand to 9 million 600 thousand in the past 12 months, a 57.4% increase over the same period in 2018.

In addition, in the fourth quarter of 2019, the performance fee decreased from 194 million 500 thousand yuan in the same period in 2018 to 194 million 500 thousand yuan (27 million 900 thousand US dollars), a decrease of 48%.

In the face of the current epidemic, chairman and chief executive officer Shaw Shang Lu said that although the new crown outbreak has led to some short-term impact on the business of the platform, the company is actively cooperating with many excellent manufacturers and emerging brands to ensure the daily supply of basic products for our members.

It is understood that in view of the epidemic, we have launched a series of supporting measures such as "spring light plan", epidemic prevention and help agriculture, and "clothing arm strength".