On February 16, Capital State learned that the listed companyDing dong shopping(DDL.US) released financial results for the fourth quarter ended December 30, 2021.
In the fourth quarter, Dingdong Maicai’s total revenue was 5.483 billion yuan, a 72% increase. The revenue growth was mainly driven by the strong growth of GMV.
During the period, Dingdong Maicai product revenue was 5.414 billion yuan, a year-on-year increase of 72.1%; service revenue was 69.6 million yuan, a year-on-year increase of 65.5%.
In the fourth quarter, the company’s net loss was 1.096 billion yuan, compared with a loss of 1.246 billion yuan in the same period of the previous year; the basic and diluted net loss per share was 3.38 yuan, compared with 20.57 yuan in the same period of the previous year; the gross profit margin increased to 27.7%, compared with the same period of the previous year. was 15.1%.
During the period, the company’s performance costs were 1.783 billion yuan, a year-on-year increase of 47%.
In terms of operational data, Dingdong Maicai’s GMV increased to 6.004 billion yuan in the fourth quarter, a year-on-year increase of 59.6%; the total number of completed orders was 100.1 million yuan, a year-on-year increase of 63.1%.
Liang Changlin, CEO of Dingdong Maicai, said that the fourth quarter of 2021 was the company’s best quarter since its establishment. The company is on the fast track of high-quality development and has enough cash to maintain the company until it is fully profitable.
Shanghai is the first city where Dingdong Maicai entered. In December 2021, Shanghai has achieved full profitability.
Regarding the outlook for the first quarter of 2022, Dingdong Maicai said that during the Lunar New Year, the first quarter is usually a low season for the urban grocery market, which may lead to a quarter-on-quarter decline in revenue. In addition, overtime labor costs incurred during the Spring Festival may affect costs. But it still expects net losses to narrow slightly and operating cash outflow to improve significantly in the first quarter compared to the fourth quarter of 2021. Return to Sohu, see more
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