Revenue of mushroom Street decreased by 1.343 billion yuan in the second quarter of fiscal year 2021

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The following is the Revenue of mushroom Street decreased by 1.343 billion yuan in the second quarter of fiscal year 2021 recommended by recordtrend.com. And this article belongs to the classification: Industry information.

On the evening of November 30, Beijing time, mushroom Street (NYSE: Mogu) today released its financial report for the second quarter of fiscal year 2021 as of September 30, 2020, with total revenue of 112.5 million yuan (about US $16.6 million), down 43.1% from 197.9 million yuan in the same period of last year. The net loss attributable to common shareholders of mogujie was 93.7 million yuan (about US $13.8 million), compared with 326.6 million yuan in the same period of last year. The adjusted net loss was 11.3 million yuan (about US $1.7 million), compared with 196.9 million yuan in the same period of last year.

Second quarter results:

Total revenue was 112.5 million yuan (US $16.6 million), down 43.1% from 197.9 million yuan in the same period last year.

Commission service revenue was 68.9 million yuan (US $10.1 million), down 32.0% from 101.3 million yuan in the same period of last year.

Revenue from marketing services was 18 million yuan (US $2.6 million), down 71.5% from 63.1 million yuan in the same period last year.

Other revenue was 25.7 million yuan (US $3.8 million), down 23.4% from 33.5 million yuan in the same period last year.

The cost of revenue was 45.5 million yuan (US $6.7 million), down 40.1% from 76 million yuan in the same period last year.

Sales and marketing spending was 47.9 million yuan (US $7.1 million), down 73.5% from 180.8 million yuan in the same period last year.

R & D expenditure was 27.7 million yuan (US $4.1 million), down 45.0% from 50.3 million yuan in the same period of last year.

General and administrative expenses were 24.7 million yuan (about 3.6 million US dollars), down 37.4% from 39.5 million yuan in the same period of last year.

The amortization of intangible assets was 75.8 million yuan (about 11.2 million U.S. dollars), down 1.4% from 76.8 million yuan in the same period of last year.

The operating loss was 100.5 million yuan (US $14.8 million), compared with 223.6 million yuan in the same period of last year.

The net loss attributable to common shareholders of mogujie was 93.7 million yuan (about US $13.8 million), compared with 326.6 million yuan in the same period of last year.

The adjusted EBITDA was RMB – 15.2 million (about US $2.2 million), compared with RMB – 124.6 million in the same period of last year.

The adjusted net loss was RMB 11.3 million (about US $1.7 million), compared with RMB 196.9 million in the same period of last year.

Both basic and diluted losses per ads were 0.87 yuan (about US $0.13), compared with 3.0 yuan per share in the same period last year.

As of September 30, 2020, mushroom street had cash and cash equivalents, restricted cash and short-term investments of rmb805.5 million (approximately US $118.2 million), compared with RMB 1095.4 million as at March 31, 2020. More reading: Mushroom Street financial report: Q2 mushroom street net loss of $45.7 million in fiscal year 2019, a year-on-year decrease of 28.9% mushroom Street financial report: Q3, 2019, net loss of mushroom Street $234.8 million, a year-on-year increase of 37.7 times 37.7 times more than that of the same period last year. Jiathis: China’s social media sharing ranking list in August 2012 mushroom Street: a small bright spot in the big data environment? Online payment has not yet become o2o entry mobile payment ratio is still a hard injury comScore: in the first half of 2013, mobile e-commerce sales nearly 10% and the proportion of activity tickets was the highest. PDD: during the epidemic period, the original intention did not change strongly, subsidized users and businesses’ performance increased rapidly, and the loss was also large. What’s the new trap of mobile e-commerce using 99% energy to “buy, buy, buy” with silk interactive network? Internet is not the grave digger of traditional retail

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