SHANGHAI, China, May 02, 2022 (GLOBE NEWSWIRE) -- Qutoutiao Inc. ("Qutoutiao", the "Company" or "We", and together with its subsidiaries and controlled affiliated entities, the "Group") (NASDAQ: QTT), a leading operator of mobile content platforms in China, today announced its unaudited financial results in the fourth quarter and fiscal year ended December 31, 2021.
Fourth Quarter 2021 Highlights
- Net revenues was RMB881.1 million (US$138.3 million), representing a decrease of 32.3% from RMB1,302.4 million in the fourth quarter of 2020, and a decrease of 8.7% quarter-over-quarter from RMB965.5 million in the third quarter of 2021.
- Net loss was RMB298.0 million (US$46.8 million), compared to net loss of RMB81.8 million in the fourth quarter of 2020 and net loss of RMB583.6 million in the third quarter of 2021. Net loss margin was 33.8%, compared to 6.3% in the fourth quarter of 2020 and 60.4% in the third quarter of 2021.
- Non-GAAP net income/(loss)1 was RMB273.5 million (US$42.9 million), compared to non-GAAP net income of RMB50.8 million in the fourth quarter of 2020 and non-GAAP net loss of RMB525.1 million in the third quarter of 2021. Non-GAAP net loss margin was 31.0%, compared to non-GAAP net income margin of 3.9% in the fourth quarter of 2020 and non-GAAP net loss margin of 54.4% in the third quarter of 2021.
- Combined average MAUs2 were 97.6 million, representing a decrease of 21.7% from 124.7 million in the fourth quarter of 2020; and a decrease of 17.6% from 118.5 million in the third quarter of 2021.
- Combined average DAUs3 were 25.0 million, representing a decrease of 22.6% from 32.3 million in the fourth quarter of 2020; and a decrease of 5.7% from 26.5 million in the previous quarter.
- Average daily time spent per DAU was 43.2 minutes, compared to 50.3 minutes in the fourth quarter of 2020 and 51.9 minutes in the third quarter of 2021.
Fourth Quarter 2021 Financial Results
Net revenues in the fourth quarter of 2021 were RMB881.1 million (US$138.3 million), a decrease of 32.3% from RMB1,302.4 million in the fourth quarter of 2020, and a decrease of 8.7% from RMB965.5 million in the third quarter of 2021.
Advertising and marketing revenues were RMB821.8 million (US$129.0 million) in the fourth quarter of 2021, a decrease of 33.8% from RMB1,241.9 million in the fourth quarter of 2020, primarily due to the tightening regulatory environment in internet and technology sector which, to some extent, resulted in constrained budgets of advertisers.
Other revenues were RMB59.4 million (US$9.3 million) in the fourth quarter of 2021, a slight decrease of 1.8% from RMB60.5 million in the fourth quarter of 2020.
Cost of revenues were RMB199.1million (US$31.2 million) in the fourth quarter of 2021, a decrease of 54.9% from RMB441.7 million in the fourth quarter of 2020, primarily attributable to decreases in IT infrastructure costs; gaming revenue sharing; integrated marketing service costs which are in line with the decrease in integrated marketing service revenues; and costs related to live-streaming revenue sharing and compensation expenses.
Gross profit was RMB682.0 million (US$107.0 million) in the fourth quarter of 2021, a decrease of 20.8% from RMB860.7 million in the fourth quarter of 2020. Gross margin was 77.4%, compared to 66.1% in the fourth quarter of 2020. The improved gross margin was primarily attributed to changes in product mix.
Research and development expenses were RMB88.7 million (US$13.9 million) in the fourth quarter of 2021, a decrease of 55.6% from RMB199.7 million in the fourth quarter of 2020 primarily due to a reduction in overall research and development headcount and consequentially the decrease in compensation expenses, including share-based compensations.
Sales and marketing expenses were RMB796.0 million (US$124.9 million) in the fourth quarter of 2021, an increase of 17.0% from RMB680.3 million in the fourth quarter of 2020, primarily due to the expansion of Midu Novels. Sales and marketing expenses as a percentage of net revenues were 90.3% in the fourth quarter of 2021, compared to 52.2% in the fourth quarter of 2020.
User engagement expenses were RMB156.5 million (US$24.6 million) in the fourth quarter of 2021, representing a decrease of 4.1% year-over-year. User engagement expenses per DAU per day were RMB 0.07 in the fourth quarter of 2021, compared to RMB0.05 in the fourth quarter of 2020.
User acquisition expenses were RMB599.8 million (US$94.1 million) in the fourth quarter of 2021, an increase of 51.0% year-over-year. User acquisition expenses consist of the costs of both word-of-mouth referrals and third-party marketing. The year-over-year increase was primarily due to the expansion of Midu Novels. User acquisition expenses per new installed user4 in the fourth quarter of 2021 were RMB8.26, compared to RMB7.89 in the fourth quarter of 2020.
Other sales and marketing expenses were RMB39.7 million (US$6.2 million) in the fourth quarter of 2021, representing a decrease of 66.9% year-over-year from RMB119.9 million in the fourth quarter of 2020, primarily due to an overall headcount reduction in sales personnel and consequentially the decrease in compensations as well as ESOP expenses and decrease in brand promotion expenses.
General and administrative expenses were RMB62.6 million (US$9.8 million) in the fourth quarter of 2021, a decrease of 33.7% from RMB94.4 million in the fourth quarter of 2020, mainly due to a reduction in overall administrative headcount and consequentially the decrease in compensations as well as ESOP expenses. The decrease was partially offset by an increase in additional expected credit loss provision recorded in the fourth quarter of 2021 under ASC 326, Measurement of Credit Losses on Financial Instruments.
Loss from operations was RMB247.8 million (US$38.9 million) in the fourth quarter of 2021, compared to RMB90.1 million in the fourth quarter of 2020. Operating loss margin was 28.1%, compared to 6.9% in the fourth quarter of 2020.
Non-operating loss was RMB45.2 million (US$7.1 million) in the fourth quarter of 2021, which mainly included investment loss of RMB36.8 million due to impairment loss on certain investments as well as net interest expenses of RMB8.3 million. Non-operating gain for the fourth quarter of 2020 was RMB7.9 million, which mainly included RMB20.0 million gain associated with fair value changes on long-term investments, offset by net interest expenses of RMB9.5 million.
Non-GAAP loss from operations was RMB223.3 million (US$35.0 million) in the fourth quarter of 2021, compared to a Non-GAAP gain from operations of RMB42.5 million in the fourth quarter of 2020.
Non-GAAP operating loss margin was 25.3% in the fourth quarter of 2021, compared to a Non-GAAP operating gain margin of 3.3% in the fourth quarter of 2020.
Net loss was RMB298.0 million (US$46.8 million) in the fourth quarter of 2021, compared to RMB81.8 million in the fourth quarter of 2020. Net loss margin was 33.8%, compared to 6.3% in the fourth quarter of 2020.
Non-GAAP net loss was RMB273.5 million (US$42.9 million) in the fourth quarter of 2021, compared to a Non-GAAP net gain of RMB50.8 million in the fourth quarter of 2020. Non-GAAP net loss margin was 31.0%, compared to a Non-GAAP net gain margin of 3.9% in the fourth quarter of 2020.
Net loss attributable to Qutoutiao Inc.'s ordinary shareholders was RMB326.3 million (US$51.2 million) in the fourth quarter of 2021, compared to RMB78.7 million in the fourth quarter of 2020.
Non-GAAP net loss attributable to Qutoutiao Inc.'s ordinary shareholders was RMB301.8 million (US$47.4 million) in the fourth quarter of 2021, compared to RMB54.0 million in the fourth quarter of 2020.
Basic and diluted net loss per American Depositary Share ("ADS") was RMB10.69 (US$1.68) in the fourth quarter of 2021. Non-GAAP basic and diluted net loss per ADS was RMB9.88 (US$1.55) in the fourth quarter of 2021.
Balance Sheet
As of December 31, 2021, the Company had cash, cash equivalents, restricted cash and short-term investments of RMB658.9 million (US$103.4 million), compared to RMB985.8 million as of December 31, 2020.
The Group has incurred accumulated and recurring losses from operations, and cash outflows from operating activities. As of December 31, 2021, the Company had a negative working capital. In addition, the convertible loan of the Company with principal amount of US$171.1 million (RMB1,109.3 million) had the original maturity date on April 4, 2022.
The Company is currently exploring a variety of measures to improve the Group's liquidity and financial position, which include continuing efforts to optimize its user loyalty programs and traffic acquisition strategy to efficiently control and reduce costs and continuing to be selective in its content and better leverage its existing content varieties to attract and maintain users. These measures can in turn lead to savings in user related costs. The Company is also planning to preserve liquidity and manage cash flows by reducing expenditure on developing and maintaining smaller and novel applications and limiting other general and administrative expenses, to obtain additional external financing and funds through, including but not limited to, additional credit facilities obtained from banks in the normal course of business, potential additional issuances of equity and/or debt as a Group or through its subsidiaries, and sale of its assets, including the Group's equity interest in its subsidiaries, to third parties.
The Company and the creditor entered into two supplemental agreements to the original convertible loan agreement on March 28, 2022 and April 29, 2022, respectively. According to the supplemental agreements, the original convertible loan has been extended to May 28, 2022. The total amount of principal and accumulated interest as of May 28, 2022 will be approximately RMB1.5 billion. The Company cannot assure that it will be able to further extend the maturity date of the convertible loan.
Facts and circumstances including accumulated and recurring losses from operations, net cash used in operating activities, negative working capital and uncertainties on the repayment of the convertible loan, raise substantial doubt about the Group's ability to continue as a going concern. The fourth quarter and fiscal year 2021 unaudited financial information does not include any adjustment that is reflective of this uncertainty.
Fiscal Year 2021 Financial Results
Net revenues in the fiscal year of 2021 were RMB4,339.6 million (US$681.0 million), a decrease of 17.9% from RMB5,285.2 million in the fiscal year of 2020.
Advertising and marketing revenues were RMB4,090.4 million (US$641.9 million) in the fiscal year of 2021, a decrease of 19.0% from RMB5,046.8 million in the prior year, primarily due to the tightening regulatory environment in internet and technology sector which, to some extent, resulted in constrained budgets of advertisers.
Other revenues were RMB249.2 million (US$39.1 million) in the fiscal year of 2021, an increase of 4.6% from RMB238.4 million in the fiscal year of 2020.
Cost of revenues was RMB1,171.6 million (US$183.9 million) in the fiscal year of 2021, a decrease of 30.0% from RMB1,674.4 million in the fiscal year of 2020, primarily attributable to the decrease in bandwidth and IT infrastructure costs, integrated marketing service costs which are in line with the decrease in integrated marketing service revenues, salaries and benefits associated with content management personnel as well as live-streaming and online games revenue share. The decrease was partially offset by an increase in Midu content procurement costs.
Gross profit was RMB3,168.0 million (US$497.1 million) in the fiscal year of 2021, a decrease of 12.3% from RMB3,610.8 million in the prior year. Gross margin was 73.0%, compared to 68.3% in the fiscal year of 2020.
Research and development expenses were RMB551.6 million (US$86.6 million) in the fiscal year of 2021, a decrease of 41.8% from RMB947.9 million in the prior year, primarily due to the reduction in research and development headcount and sequentially a decrease in salaries as well as ESOP expenses.
Sales and marketing expenses were RMB3,483.8 million (US$546.9 million) in the fiscal year of 2021, a slight increase of 3.0% from RMB3,381.6 million in the fiscal year of 2020.
General and administrative expenses were RMB431.9 million (US$67.8 million) in the fiscal year of 2021, an increase of 10.0% from RMB392.8 million in the fiscal year of 2020, primarily due to an increase in additional expected credit loss provision recorded in 2021 under ASC 326, Measurement of Credit Losses on Financial Instruments, which was partially offset by decrease in salaries as well as other administrative expenses.
Loss from operations was RMB1,193.2 million (US$187.2 million), compared to RMB1,032.2 million in the fiscal year of 2020. Operating loss margin was 27.5%, compared to 19.5% in the fiscal year of 2020.
Non-GAAP loss from operations was RMB993.0 million (US$155.8 million), compared to RMB569.0 million in the fiscal year of 2020. Non-GAAP operating loss margin was 22.9%, compared to non-GAAP operating loss margin of 10.8% in the fiscal year of 2020.
Net loss was RMB1,240.2 million (US$194.6 million) in the fiscal year of 2021, compared to a net loss of RMB1,105.2 million in the fiscal year of 2020. Net loss margin was 28.6%, compared to 20.9% in the fiscal year of 2020.
Non-GAAP net loss was RMB1,040.0 million (US$163.2 million), compared to Non-GAAP net loss of RMB642.0 million in the fiscal year of 2020. Non-GAAP net loss margin was 24.0%, compared to 12.1% in the fiscal year of 2020.
Net loss attributable to Qutoutiao Inc.'s ordinary shareholders was RMB1,348.5 million (US$211.6 million), compared to RMB1,137.9 million in the fiscal year of 2020. Non-GAAP net loss attributable to Qutoutiao Inc.'s ordinary shareholders was RMB1,148.3 million (US$180.2 million), compared to RMB674.7 million in the fiscal year of 2020.
Recent Development
Change to the Board of Directors
Mr. Lei Li resigned as Vice Chairman of the Board of Directors of the Company due to personal reasons. The resignation became effective on April 29, 2022. Following his resignation, the Board of the Company is now comprised of five members.
About Qutoutiao Inc.
Qutoutiao Inc. operates a mobile content platforms in China with a mission to bring fun and value to its users. The eponymous mobile application, Qutoutiao, meaning "fun headlines" in Chinese, applies artificial intelligence-based algorithms to deliver customized feeds of articles and short videos to users based on their unique profiles, interests and behaviors. Qutoutiao has attracted a large group of users, many of whom are from lower-tier cities in China. They enjoy Qutoutiao's fun and entertainment-oriented content as well as its social-based user loyalty program. Midu, first launched in May 2018 as Midu Novels and with an alternative version Midu Lite launched one year later, pioneered provision of free online literature supported by advertising. It has been one of the market leaders of the free online literature industry since inception. The Company will continue to bring more exciting products to users through innovation, and strive towards creating a leading global online content ecosystem.
For more information, please visit:
Use of Non-GAAP Financial Measures
We use non-GAAP profit or loss from operations, non-GAAP operating profit or loss margin, non-GAAP net profit loss, non-GAAP net profit or loss margin, non-GAAP net profit or loss attributable to Qutoutiao Inc.'s ordinary shareholders and non-GAAP basic and diluted net profit or loss per ADS, which are non-GAAP financial measures, in evaluating our operating results and for financial and operational decision-making purposes. Each of these non-GAAP financial measures represents the corresponding GAAP financial measure before share-based compensation expenses. We believe that such non-GAAP financial measures help identify underlying trends in our business that could otherwise be distorted by the effect of such share-based compensation expenses that we include in cost of revenues, total operating expenses and net loss. We believe that all such non-GAAP financial measures also provide useful information about our operating results, enhance the overall understanding of our past performance and future prospects and allow for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.
The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. They should not be considered in isolation or construed as alternatives to net loss or any other measure of performance prepared in accordance with U.S. GAAP or as an indicator of our operating performance. We mitigate these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating our performance. For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this press release.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.3726 to US$1.00, the rate in effect as of December 31, 2021 as set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about Qutoutiao's beliefs, plans and expectations, are forward-looking statements. Among other things, the "Business Outlook" section and quotations from management in this announcement, contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Qutoutiao's strategies; Qutoutiao's future business development, financial condition and results of operations; Qutoutiao's ability to retain and increase the number of users and provide quality content; competition in the mobile content platform industry; Qutoutiao's ability to manage its costs and expenses; the future developments of the COVID-19 pandemic; general economic and business conditions globally and in China; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Qutoutiao's filings with the SEC. All information provided in this press release is as of the date of this press release, and Qutoutiao does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
Qutoutiao Inc.
Investor Relations
Tel: +86-21-5889-0398
E-mail: ir@qutoutiao.net
QUTOUTIAO INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(All amounts in thousand RMB, or otherwise noted)
| | As of December 31, | | | As of December 31, | |
| | 2020 | | | 2021 | |
ASSETS | | | | | | | | |
Current assets: | | | | | | | | |
Cash and cash equivalents | | | 494,475 | | | | 240,351 | |
Restricted cash | | | 100,316 | | | | 75,482 | |
Short-term investments | | | 391,033 | | | | 343,017 | |
Accounts receivable, net | | | 737,789 | | | | 770,919 | |
Amount due from related parties | | | 383,594 | | | | 259,863 | |
Prepayments and other current assets | | | 365,109 | | | | 172,877 | |
Total current assets | | | 2,472,316 | | | | 1,862,509 | |
Non-current assets: | | | | | | | | |
Accounts receivables, non-current | | | 54,639 | | | | - | |
Long-term Investments | | | 82,889 | | | | 1,416 | |
Property and equipment, net | | | 17,213 | | | | 12,861 | |
Intangible assets | | | 83,123 | | | | 165,270 | |
Goodwill | | | 7,268 | | | | 7,268 | |
Right-of-use assets, net | | | 50,319 | | | | 26,342 | |
Other non-current assets | | | 148,091 | | | | 4,809 | |
Total non-current assets | | | 443,542 | | | | 217,966 | |
Total assets | | | 2,915,858 | | | | 2,080,475 | |
LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND SHAREHOLDERS' EQUITY | | | | | | | | |
Current liabilities: | | | | | | | | |
Short-term borrowings | | | 70,000 | | | | 20,000 | |
Accounts payable | | | 448,981 | | | | 313,768 | |
Amount due to related parties | | | 22,477 | | | | 6,928 | |
Registered users' loyalty payable | | | 72,627 | | | | 61,691 | |
Advance from customers and deferred revenue | | | 140,776 | | | | 122,597 | |
Salary and welfare payable | | | 149,704 | | | | 65,987 | |
Tax payable | | | 97,144 | | | | 43,879 | |
Lease liabilities, current | | | 20,760 | | | | 11,897 | |
Accrued liabilities related to users' loyalty programs | | | 100,088 | | | | 99,360 | |
Accrued liabilities and other current liabilities | | | 763,433 | | | | 1,334,603 | |
Convertible loan - current | | | - | | | | 1,182,963 | |
Total current liabilities | | | 1,885,990 | | | | 3,263,673 | |
Lease liabilities, non-current | | | 23,756 | | | | 15,985 | |
Convertible loan | | | 1,174,868 | | | | - | |
Deferred tax liabilities | | | 18,825 | | | | 16,422 | |
Other non-current liabilities | | | 4,256 | | | | 1,733 | |
Non-current liabilities | | | 1,221,705 | | | | 34,140 | |
Total liabilities | | | 3,107,695 | | | | 3,297,813 | |
Total redeemable non-controlling interests | | | 1,093,526 | | | | 1,172,218 | |
Shareholders' deficit | | | | | | | | |
Ordinary shares | | | 47 | | | | 50 | |
Treasury stock | | | (142,229 | ) | | | (142,229 | ) |
Additional paid-in capital | | | 4,784,315 | | | | 4,979,353 | |
Accumulated other comprehensive income | | | 84,320 | | | | 129,010 | |
Accumulated deficit | | | (6,007,227 | ) | | | (7,355,740 | ) |
Total Qutoutiao Inc. shareholders' deficit | | | (1,280,774 | ) | | | (2,389,556 | ) |
Non-controlling interests | | | (4,589 | ) | | | - | |
Total deficit | | | (1,285,363 | ) | | | (2,389,556 | ) |
Total liabilities, redeemable non-controlling interests and shareholders' deficit | | | 2,915,858 | | | | 2,080,475 | |
QUTOUTIAO INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(All amounts in thousand RMB, except ADS data, or otherwise noted)
| | For the three months ended | | | For the fiscal year ended | |
| | December 31 | | | September 30 | | | December 31 | | | December 31 | | | December 31 | |
| | 2020 | | | 2021 | | | 2021 | | | 2020 | | | 2021 | |
Advertising and marketing revenues | | | 1,241,938 | | | | 899,215 | | | | 821,765 | | | | 5,046,835 | | | | 4,090,383 | |
Other revenues | | | 60,453 | | | | 66,297 | | | | 59,372 | | | | 238,360 | | | | 249,220 | |
Net revenues | | | 1,302,391 | | | | 965,512 | | | | 881,137 | | | | 5,285,195 | | | | 4,339,603 | |
Cost of revenues | | | (441,691 | ) | | | (267,268 | ) | | | (199,139 | ) | | | (1,674,416 | ) | | | (1,171,626 | ) |
Gross profit | | | 860,700 | | | | 698,244 | | | | 681,998 | | | | 3,610,779 | | | | 3,167,977 | |
Operating expenses: | | | | | | | | | | | | | | | | | | | | |
Research and development expenses | | | (199,688 | ) | | | (140,014 | ) | | | (88,741 | ) | | | (947,871 | ) | | | (551,612 | ) |
Sales and marketing expenses | | | (680,261 | ) | | | (982,024 | ) | | | (795,992 | ) | | | (3,381,560 | ) | | | (3,483,773 | ) |
General and administrative expenses | | | (94,389 | ) | | | (174,258 | ) | | | (62,603 | ) | | | (392,816 | ) | | | (431,913 | ) |
Total operating expenses | | | (974,338 | ) | | | (1,296,296 | ) | | | (947,336 | ) | | | (4,722,247 | ) | | | (4,467,298 | ) |
Other operating income | | | 23,545 | | | | 23,883 | | | | 17,569 | | | | 79,299 | | | | 106,098 | |
Loss from Operations | | | (90,092 | ) | | | (574,169 | ) | | | (247,769 | ) | | | (1,032,169 | ) | | | (1,193,223 | ) |
Investment income/ (expenses), net | | | 19,990 | | | | 705 | | | | (35,856 | ) | | | (31,788 | ) | | | (36,041 | ) |
Interest expense, net | | | (9,452 | ) | | | (8,107 | ) | | | (8,327 | ) | | | (27,724 | ) | | | (32,303 | ) |
Foreign exchange related gain/(loss), net | | | (1,571 | ) | | | (2 | ) | | | (328 | ) | | | (7,183 | ) | | | (1 | ) |
Other income/(expense), net | | | (1,033 | ) | | | (918 | ) | | | (691 | ) | | | (7,310 | ) | | | 27,637 | |
Non-operating income / (loss) | | | 7,934 | | | | (8,322 | ) | | | (45,202 | ) | | | (74,005 | ) | | | (40,708 | ) |
Loss before provision for income taxes | | | (82,158 | ) | | | (582,491 | ) | | | (292,971 | ) | | | (1,106,174 | ) | | | (1,233,931 | ) |
Income tax benefits/ (expense), net | | | 349 | | | | (576 | ) | | | (2,994 | ) | | | 1,008 | | | | (3,050 | ) |
Equity method loss of affiliate companies | | | - | | | | (581 | ) | | | (2,037 | ) | | | - | | | | (3,195 | ) |
Net loss | | | (81,809 | ) | | | (583,648 | ) | | | (298,002 | ) | | | (1,105,166 | ) | | | (1,240,176 | ) |
Net loss attributable to non-controlling interests | | | 250 | | | | 214 | | | | - | | | | 727 | | | | 559 | |
Net loss attributable to Qutoutiao Inc. | | | (81,559 | ) | | | (583,434 | ) | | | (298,002 | ) | | | (1,104,439 | ) | | | (1,239,617 | ) |
Accretion to convertible redeemable preferred shares redemption value of a subsidiary | | | (11,942 | ) | | | (27,698 | ) | | | (28,323 | ) | | | (48,277 | ) | | | (108,896 | ) |
Gains on repurchase of preferred shares | | | 14,842 | | | | - | | | | - | | | | 14,842 | | | | - | |
Net loss attributable to Qutoutiao Inc.'s ordinary shareholders | | | (78,659 | ) | | | (611,132 | ) | | | (326,325 | ) | | | (1,137,874 | ) | | | (1,348,513 | ) |
Net loss | | | (81,809 | ) | | | (583,648 | ) | | | (298,002 | ) | | | (1,105,166 | ) | | | (1,240,176 | ) |
Other comprehensive income/(loss): | | | | | | | | | | | | | | | | | | | | |
Foreign currency translation adjustment, net of nil tax | | | 67,967 | | | | (6,727 | ) | | | 32,330 | | | | 102,254 | | | | 44,690 | |
Total comprehensive loss | | | (13,841 | ) | | | (590,375 | ) | | | (265,672 | ) | | | (1,002,912 | ) | | | (1,195,486 | ) |
Comprehensive loss attributable to non-controlling interests | | | 250 | | | | 214 | | | | - | | | | 727 | | | | 559 | |
Comprehensive loss attributable to Qutoutiao Inc. | | | (13,591 | ) | | | (590,161 | ) | | | (265,672 | ) | | | (1,002,185 | ) | | | (1,194,927 | ) |
Net loss per ADS: | | | | | | | | | | | | | | | | | | | | |
- Basic and diluted | | | (2.65 | ) | | | (20.10 | ) | | | (10.69 | ) | | | (39.23 | ) | | | (44.50 | ) |
Weighted average number of ADS used in computing basic and diluted earnings per ADS(Note): | | | | | | | | | | | | | | | | | | | | |
- Basic | | | 29,704,591 | | | | 30,404,904 | | | | 30,538,755 | | | | 29,005,230 | | | | 30,307,013 | |
- Diluted | | | 29,704,591 | | | | 30,404,904 | | | | 30,538,755 | | | | 29,005,230 | | | | 30,307,013 | |
QUTOUTIAO INC.
Reconciliation of GAAP And Non-GAAP Results
(All amounts in thousand RMB, except ADS data, or otherwise noted)
| | For the three months ended | | | For the fiscal year ended | |
| | December 31 | | | September 30 | | | December 31 | | | December 31 | | | December 31 | |
| | 2020 | | | 2021 | | | 2021 | | | 2020 | | | 2021 | |
Loss from Operations | | | (90,092 | ) | | | (574,169 | ) | | | (247,769 | ) | | | (1,032,169 | ) | | | (1,193,223 | ) |
Add: Share-based compensation expenses | | | | | | | | | | | | | | | | | | | | |
Cost of revenues | | | 1,982 | | | | 170 | | | | 21 | | | | 12,905 | | | | 1,187 | |
General and administrative | | | 44,714 | | | | 12,822 | | | | 7,115 | | | | 159,320 | | | | 64,039 | |
Sales and marketing | | | 39,252 | | | | 23,230 | | | | 6,582 | | | | 86,656 | | | | 32,122 | |
Research and development | | | 46,669 | | | | 22,280 | | | | 10,789 | | | | 204,333 | | | | 102,838 | |
Non-GAAP Income/(Loss) from Operations | | | 42,525 | | | | (515,667 | ) | | | (223,262 | ) | | | (568,955 | ) | | | (993,038 | ) |
Net loss | | | (81,809 | ) | | | (583,648 | ) | | | (298,002 | ) | | | (1,105,166 | ) | | | (1,240,176 | ) |
Add: Share-based compensation expenses | | | | | | | | | | | | | | | | | | | | |
Cost of revenues | | | 1,982 | | | | 170 | | | | 21 | | | | 12,905 | | | | 1,187 | |
General and administrative | | | 44,714 | | | | 12,822 | | | | 7,115 | | | | 159,320 | | | | 64,039 | |
Sales and marketing | | | 39,252 | | | | 23,230 | | | | 6,582 | | | | 86,656 | | | | 32,122 | |
Research and development | | | 46,669 | | | | 22,280 | | | | 10,789 | | | | 204,333 | | | | 102,838 | |
Non-GAAP net income/(loss) | | | 50,808 | | | | (525,146 | ) | | | (273,495 | ) | | | (641,952 | ) | | | (1,039,990 | ) |
Net loss attributable to Qutoutiao Inc. | | | (81,559 | ) | | | (583,434 | ) | | | (298,002 | ) | | | (1,104,439 | ) | | | (1,239,617 | ) |
Add: Share-based compensation expenses | | | | | | | | | | | | | | | | | | | | |
Cost of revenues | | | 1,982 | | | | 170 | | | | 21 | | | | 12,905 | | | | 1,187 | |
General and administrative | | | 44,714 | | | | 12,822 | | | | 7,115 | | | | 159,320 | | | | 64,039 | |
Sales and marketing | | | 39,252 | | | | 23,230 | | | | 6,582 | | | | 86,656 | | | | 32,122 | |
Research and development | | | 46,669 | | | | 22,280 | | | | 10,789 | | | | 204,333 | | | | 102,838 | |
Non-GAAP net income/(loss) attributable to Qutoutiao Inc. | | | 51,058 | | | | (524,932 | ) | | | (273,495 | ) | | | (641,225 | ) | | | (1,039,431 | ) |
Net loss attributable to Qutoutiao Inc.'s ordinary shareholders | | | (78,659 | ) | | | (611,132 | ) | | | (326,325 | ) | | | (1,137,874 | ) | | | (1,348,513 | ) |
Add: Share-based compensation expenses | | | | | | | | | | | | | | | | | | | | |
Cost of revenues | | | 1,982 | | | | 170 | | | | 21 | | | | 12,905 | | | | 1,187 | |
General and administrative | | | 44,714 | | | | 12,822 | | | | 7,115 | | | | 159,320 | | | | 64,039 | |
Sales and marketing | | | 39,252 | | | | 23,230 | | | | 6,582 | | | | 86,656 | | | | 32,122 | |
Research and development | | | 46,669 | | | | 22,280 | | | | 10,789 | | | | 204,333 | | | | 102,838 | |
Non-GAAP net income/(loss) attributable to Qutoutiao Inc.'s ordinary shareholders | | | 53,958 | | | | (552,630 | ) | | | (301,818 | ) | | | (674,660 | ) | | | (1,148,327 | ) |
Non-GAAP net income/(loss) per ADS: | | | | | | | | | | | | | | | | | | | | |
— Basic | | | 1.82 | | | | (18.18 | ) | | | (9.88 | ) | | | (23.26 | ) | | | (37.89 | ) |
— Diluted | | | 1.79 | | | | (18.18 | ) | | | (9.88 | ) | | | (23.26 | ) | | | (37.89 | ) |
Weighted average number of ADS used in computing basic and diluted earnings per ADS (Note) | | | | | | | | | | | | | | | | | | | | |
— Basic | | | 29,704,591 | | | | 30,404,904 | | | | 30,538,755 | | | | 29,005,230 | | | | 30,307,013 | |
— Diluted | | | 30,065,951 | | | | 30,404,904 | | | | 30,538,755 | | | | 29,005,230 | | | | 30,307,013 | |
Note: For all the periods presented, basic and diluted loss per ADS assuming the change of ADS ratio from a ratio of four ADSs to one Class A ordinary share to a new Ratio of two ADSs to five Class A ordinary shares occurred at the beginning of the earliest period presented.
QUTOUTIAO INC.
Supplementary Operating Information
(RMB in millions, or otherwise noted)
| | For the three months ended | |
| | December 31 | | | March 31 | | | June 30 | | | September 30 | | | December 31 | |
| | 2020 | | | 2021 | | | 2021 | | | 2021 | | | 2021 | |
Net revenues | | | 1,302.4 | | | | 1,291.0 | | | | 1,202.0 | | | | 965.5 | | | | 881.1 | |
User engagement expenses | | | 163.2 | | | | 179.1 | | | | 169.5 | | | | 161.8 | | | | 156.5 | |
User acquisition expenses | | | 397.1 | | | | 588.7 | | | | 685.2 | | | | 757.3 | | | | 599.8 | |
Other sales and marketing expenses | | | 119.9 | | | | 35.2 | | | | 48.1 | | | | 62.9 | | | | 39.7 | |
Total sales and marketing expenses | | | 680.3 | | | | 803.0 | | | | 902.8 | | | | 982.0 | | | | 796.0 | |
Combined Average MAUs (in millions) | | | 124.7 | | | | 133.3 | | | | 132.3 | | | | 118.5 | | | | 97.6 | |
Combined Average DAUs (in millions) | | | 32.3 | | | | 31.7 | | | | 29.1 | | | | 26.5 | | | | 25.0 | |
New installed users (in millions) | | | 50.3 | | | | 101.8 | | | | 94.0 | | | | 103.8 | | | | 72.6 | |
Average net revenues per DAU per day (RMB) | | | 0.44 | | | | 0.45 | | | | 0.46 | | | | 0.41 | | | | 0.39 | |
User engagement expenses per DAU per day (RMB) | | | 0.05 | | | | 0.06 | | | | 0.06 | | | | 0.07 | | | | 0.07 | |
User acquisition expenses per new installed user (RMB) | | | 7.89 | | | | 5.78 | | | | 7.29 | | | | 7.30 | | | | 8.26 | |
____________________________
1 For more information on the non-GAAP financial measures, see the section entitled "Use of Non-GAAP Financial Measures" below and the table captioned "Reconciliation of GAAP And Non-GAAP Results" set forth at the end of this press release.
2 "MAUs" refers to the number of unique mobile devices that accessed our relevant mobile application in a given month. "Combined average MAUs" for a particular period is the average of the MAUs for all of our mobile applications in each month during that period;
3 "DAUs" refers to the number of unique mobile devices that accessed our relevant mobile application on a given day. "Combined average DAUs" for a particular period is the average of the DAUs for all of our mobile applications on each day during that period;
4 "New installed user" refers to the aggregate number of unique mobile devices that have downloaded and launched our relevant mobile applications at least once.
上海、中国、2022年5月2日(環球通信社)--リードするモバイルコンテンツプラットフォーム事業者趣頭条株式有限公司(“趣頭条”、“当社”あるいは“私たち”とその付属会社とホールディングス関連実体、“グループ”)(ナスダック株式コード:QTT)は今日、2021年12月31日までの第4四半期の監査されていない財務業績を発表した。
2021年第4四半期のハイライト
- 純収入人民元は8.811億元(1兆383億ドル)で、2020年第4四半期の人民元13.024億元より32.3%低下し、2021年第3四半期の人民元9.655億元環比8.7%低下した。
- 純損失人民元は2.98億元(4,680万ドル)だったが、2020年第4四半期の純損失は8180万元、2021年第3四半期の純損失は5.836億元だった純損失率2020年第4四半期と2021年第3四半期はそれぞれ6.3%と60.4%だった。
- 非公認会計基準純収益/(損失)1人民元2.735億元(4,290万ドル)だったが、2020年第4四半期の非GAAP純収益は人民元5080万元、2021年第3四半期の非GAAP純損失は5.251億元だった非GAAP純損失利益率31.0%であったが、2020年第4四半期の非GAAP純利益率は3.9%、2021年第3四半期の非GAAP純損失利益率は54.4%であった。
- 総合平均MAU29760万ドルで、2020年第4四半期の1兆247億ドルより21.7%低下し、2021年第3四半期の1兆185億ドルより17.6%低下した。
- 組み合わせ平均DAU32,500万で、2020年第4期の3,230万より22.6%低下し、前四半期の2,650万より5.7%低下した。
- 各DAUの平均1日当たりの時間は43.2分であるのに対し,2020年第4四半期は50.3分,2021年第3四半期は51.9分であった。
2021年第4四半期の財務実績
純収入2021年第4四半期は8.811億元(1兆383億ドル)で、2020年第4四半期の人民元13.024億元より32.3%減少し、2021年第3四半期の人民元9.655億元より8.7%減少した。
広告とマーケティング収入2021年第4期に8.218億元(1.29億ドル)を記録し、2020年第4期の人民元12.419億元より33.8%減少し、主にインターネットと科学技術業界の監督管理環境が引き締められ、ある程度広告主の予算緊張を招いた。
その他の収入2021年第4期は人民元5,940万元(930万ドル)で、2020年第4期の人民元6,050万元よりわずかに1.8%低下した。
収入コスト2021年第4期は人民元1.991億元(3,120万ドル)であり、2020年第4期の人民元4.417億元より54.9%減少し、主に情報科学技術インフラコストの低下、博彩収入の分割;統合マーケティングサービスコストと統合マーケティングサービス収入の減少と一致した;及び生放送収入と給与支出に関連するコストである。
毛利2021年第4四半期は人民元6.82億元(1.07億ドル)で、2020年第4四半期の8.607億元より20.8%減少した毛利率77.4%だったのに対し、2020年第4四半期は66.1%だった。毛金利の上昇は主に製品構造の変化に起因する。
研究開発費二零二一年第四期の総利益は人民元88,700,000元(13,900,000ドル)であり、二零二年第四期の人民元199,700,000元より55.6%減少し、主に全体の研究開発従業員数の減少とそれに応じた給与(株式給与を含む)の減少によるものである。
販売とマーケティング費用2021年第4四半期に7.96億元(1兆249億ドル)を記録し、2020年第4四半期の人民元6.803億元より17.0%増加し、主に弥渡小説の拡張によるものだ。2021年第4四半期、純収入に占める販売とマーケティング費用の割合は90.3%だったが、2020年第4四半期は52.2%だった。
ユーザー参加度費用2021年第4四半期は人民元1兆565億元(約2460万ドル)で、前年同期比4.1%低下した。2021年第4四半期、DAU 1日あたりのユーザー参加度費用は0.07元だったが、2020年第4四半期は0.05元だった。
ユーザーが料金を取得する2021年第4四半期は5兆998億元(約9410万ドル)で、前年同期比51.0%増加した。ユーザ取得費用には、口コミ推薦と第三者マーケティングのコストが含まれる。前年比増加は主に弥渡小説の拡張によるものである。新規インストールユーザー1人あたりの料金取得42021年第4四半期は人民元8.26元、2020年第4四半期は人民元7.89元。
その他の販売とマーケティング費用2021年第4期は人民元3,970万元(620万ドル)であり、2020年第4期の人民元1199万元より年66.9%減少し、主に販売員全体のリストラとそれに応じた給与の減少及び従業員の持株計画支出及びブランド普及支出によるものである。
一般と行政費用本グループは2021年第4期に62,600,000元(9,800,000ドル)を記録し、2020年第4期の人民元9,440万元より33.7%減少し、主に全体の行政人手の減少及び相応の報酬及び従業員の持株計画支出の減少によるものである。この減少幅は、2021年第4四半期にASC 326(金融商品信用損失計量)項で記録された追加予想信用損失準備金の増加分によって相殺される。
運営損失2021年第4四半期は2兆478億元(約3890万ドル)だったが、2020年第4四半期は9010万元だった。営業損失率28.1%であり、2020年第4四半期は6.9%である。
営業外損失2021年第4四半期は人民元4520万元(710万ドル)で、主にいくつかの投資減価損失による投資損失人民元3680万元と利息支出純額830万元を含む。2020年第4四半期の営業外収益は人民元790万元で、主に長期投資公正価値変動に関する収益人民元2000万元を含み、純利息支出人民元950万元によって相殺された。
非公認会計基準運営損失2021年第4四半期は2億233億元(約3500万ドル)だったが、2020年第4四半期の非公認会計基準の運営収益は人民元4250万元だった。
非公認会計基準営業損失利益率2021年第4四半期は25.3%だったが、2020年第4四半期の非GAAP運営利益率は3.3%だった。
純損失2021年第4四半期は2.98億元(約4680万ドル)だったが、2020年第4四半期は8180万元となった。純損失率2020年第4四半期は33.8%だった。
非公認会計基準純損失2021年第4四半期の純収益は2億735億元(約4290万ドル)だったが、2020年第4四半期の非公認会計基準の純収益は人民元5080万元だった。非GAAP純損失利益率31.0%であったが、2020年第4四半期の非GAAP純利益率は3.9%であった。
トップ会社の普通株主は純損失を占めるべきだ2021年第4四半期は3億263億元(約5120万ドル)だったが、2020年第4四半期は人民元7870万元だった。
趣頭頭株式有限会社の普通株の非公認会計基準純損失 株主.株主2021年第4四半期は3.018億元(約4740万ドル)だったが、2020年第4四半期は5400万元だった。
1株当たり米国預託株式基本および償却純損失(“米国預託株式”)2021年第4四半期は人民元10.69元(約1.68ドル)アメリカ預託株式非公認会計基準基本と償却純損失2021年第4四半期は9.88元(1.55ドル)。
貸借対照表
2021年12月31日現在、会社の現金、現金等価物、制限的現金、短期投資は人民元6.589億元(1.034億ドル)だったが、2020年12月31日現在の現金、現金等価物、短期投資は人民元9.858億元だった。
当グループでは経営累積や経常赤字,経営活動の現金流出が生じている。2021年12月31日現在、会社運営資金はマイナス。また、当社元金が1兆711億ドル(人民元11.093億元)の転換可能ローンの満期日は2022年4月4日となっている。
当社は現在、ユーザーの忠誠度計画及び流量獲得策略の最適化に努力し、コストを有効にコントロール及び低減し、引き続きその内容を選択し、その既存のコンテンツ品種をよりよく利用してユーザーを誘致及び維持することを含む、当社グループの流動資金と財務状況を改善するために多くの措置を検討している。このような措置は逆にユーザに関連するコストを節約することができる。当社も、通常の業務中に銀行から追加の信用を取得すること、グループまたはその付属会社として、またはその付属会社を通じて株式および/または債務を追加発行する可能性があり、本グループのその付属会社の持分を含む、通常の業務中に銀行から追加のクレジットを取得すること、またはその付属会社として、またはその付属会社を介して株式および/または債務を追加的に発行する可能性があるが、通常の業務中に銀行から追加的なクレジットを取得すること、またはその付属会社として株式および/または債務を追加的に発行することを含む追加の外部融資および資金を得るために、開発および維持および新規応用の支出を減少させることを計画している。
当社と債権者はそれぞれ2022年3月28日および2022年4月29日に元の転換可能な融資協定について2つの補充合意を締結した。補充協定によると、元の転換可能なローンは2022年5月28日に延期される。2022年5月28日までの元本と累計利息総額は約15億元。会社は転換ローンの満期日をさらに延長できる保証はありません。
経営累積や経常赤字,運営活動に用いられる現金純額,負の運営資金および交換可能融資の返済の不確実性などの事実や状況は,本グループの持続経営企業としての持続的な経営能力を大きく疑っている。第4四半期および2021年度の監査されていない財務情報には、このような不確実性を反映するいかなる調整も含まれていない。
2021年度の財務実績
純収入2021年度は人民元43.396億元(約6.81億ドル)で、2020年度の52.852億元より17.9%減少した。
広告とマーケティング収入二零二一年の財政年度、当グループの利益は人民元4,090,000,000元(641.9,000,000ドル)であり、前年度の人民元5,046,800,000元より19.0%減少し、主にインターネットや科学技術業界の規制環境が引き締められており、広告主の予算がある程度制限されている。
その他の収入2021年度は2.492億元(約3,910万ドル)で、2020年度の人民元2.384億元より4.6%増加した。
収入コスト2021財政年度は人民元11.716億元(1.839億ドル)であり、2020財政年度の人民元16.744億元より30.0%減少し、主に帯域幅と情報科学技術インフラコストの低下、統合マーケティングサービスコストと統合マーケティングサービス収入、コンテンツ管理人員に関連する報酬及び福祉、生放送及びネットゲーム収入の占める割合の低下によるものである。MIDUコンテンツ調達コストの増加分はこの減少を相殺している.
毛利2021年度は人民元31.68億元(約4.971億ドル)で、前年度の人民元36.108億元より12.3%減少した毛利率73.0%であり、2020年度は68.3%であった。
研究開発費当社の2021財政年度の利益は人民元5.516億元(約86.6百万ドル)で、前年度の人民元9.479億元より41.8%減少し、主に研究開発の人手減少とその後の報酬および従業員の持株計画支出の減少によるものだ。
販売とマーケティング費用2021年度は34.838億元(約5兆469億ドル)で、2020年度の人民元33.816億元より3.0%やや増加した。
一般と行政費用2021財政年度に人民元4.319億元(6780万ドル)を記録し、2020財政年度の人民元3.928億元より10.0%増加し、主にASC 326“金融商品信用損失計量”によって2021年に記録された追加予想信用損失はある程度増加したが、賃金及びその他の行政支出の減少により部分的に相殺された。
運営損失人民元は11.932億元(1.872億ドル)だが、2020年度は人民元10.322億元。営業損失率27.5%ですが、2020年度は19.5%です。
非公認会計基準運営損失人民元は9.93億元(約1兆558億ドル)だが、2020年度は5.69億元。非公認会計基準営業損失利益率22.9%であったが、2020年度の非GAAP営業損失利益率は10.8%であった。
純損失2021年度の純損失は人民元12.402億元(1兆946億ドル)だったが、2020年度の純損失は人民元11.052億元だった純損失率28.6%で、2020年度は20.9%だった。
非公認会計基準純損失人民元は10.4億元(約1兆632億ドル)だったが、2020年度の非公認会計基準は人民元6.42億元の純損失となった。非GAAP純損失利益率24.0%であり、2020年度は12.1%である。
それは…趣味トップ会社普通株主人民元は13.485億元(約2.116億ドル)だが、2020年度は人民元11.379億元趣頭頭株式有限会社の普通株の非公認会計基準純損失 株主.株主人民元は11.483億元(1.802億ドル)だが、2020年度は人民元6.747億元。
最新の発展
取締役会の変動
雷理想自動車さんは個人的な理由で会社の取締役会副主席を辞任した。辞任は2022年4月29日に施行された。彼が辞任した後、会社の取締役会は現在5人のメンバーで構成されている。
趣味トップ会社の概要
趣頭条会社は中国でモバイルコンテンツプラットフォームを運営しており、その使命はユーザーに楽しみと価値をもたらすことである。同名モバイル応用趣トップは、中国語では“面白いタイトル”を意味し、人工知能に基づくアルゴリズムを応用し、ユーザー独特の個人資料、興味と行動に基づいて、カスタマイズされた文章と短いビデオ要約を提供する。興味トップは多くのユーザーを引きつけ、その中の多くの人は中国の二三線都市から来た。彼らは趣味トップの面白さと娯楽的な内容、社交に基づくユーザー忠誠度計画が好きだ。弥渡は2018年5月に初めて発売され、当時は弥渡小説で、1年後に代替版弥渡簡素化版が発売され、率先して広告で支援された無料ネット文学が提供された。設立以来、無料ネット文学業界の市場の先頭の一人であった。会社は引き続き革新を通じてユーザーにより多くのエキサイティングな製品をもたらし、世界をリードするオンラインコンテンツ生態システムの構築に努力する。
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非公認会計基準財務計量の使用
著者らは非公認会計基準の財務指標--非公認会計基準の営業利益或いは損失、非公認会計基準の純利益損失、非公認会計基準の純利益或いは損失、非公認会計基準の純利益或いは損失、趣頭頭株式有限会社の普通株株主は非公認会計基準の純利益或いは損失及びアメリカ預託株式の非公認会計基準の基本と薄い純利益或いは損失を占めて私たちの経営業績を評価し、そして財務と経営決定に用いるべきである。これらの非GAAP財務指標の各々は、株式ベースの報酬支出の前の対応するGAAP財務指標を表す。これらの非公認会計基準の財務指標は、私たちの業務の潜在的な傾向を識別するのに役立ち、そうでなければ、これらの傾向は、収入コスト、総運営費用、純損失に計上される株式ベースの報酬費用の影響によって歪曲される可能性があると信じています。私たちはこれらのすべての非GAAP財務指標も私たちの経営業績に関する有用な情報を提供し、私たちの過去の業績と未来の将来性に対する全体的な理解を強化し、そして私たちの管理層が財務と運営決定に使用する重要な指標がもっと可視性があることを許可すると考えている。
非GAAP財務指標は米国GAAPによって定義されているわけでもなく、米国GAAPに基づいて報告されているわけでもない。それらは孤立的に考慮されたり、純損失または米国公認会計原則に基づいて作成された任意の他の業績評価基準の代替案として解釈されたり、私たちの経営業績の指標とされたりするべきではない。我々は非GAAP財務指標を最も比較可能な米国GAAP業績指標と協調させることでこれらの制限を緩和し,これらの指標はすべて我々の業績を評価する際に考慮すべきである。これらの非GAAP財務指標のより多くの情報については、本プレスリリースの末尾に“GAAPおよび非GAAP結果の調整”と題するテーブルを参照されたい。
為替レート情報
読者の便宜のため、本公告には、特定の為替レートである人民元金額をドルに変換する内容が含まれている。特に説明を除いて、すべての人民元の対ドルレートは6.3726元対1.00ドルであり、これは米連邦準備委員会が発表したH.10統計データの中で2021年12月31日から発効したレートである。当社は、人民元やドルの金額が任意の特定の為替レートまたは完全にドルや人民元に両替できることを示していません(場合によっては)。
安全港声明
この公告には前向きな陳述が含まれている。これらの声明は、1995年の米国個人証券訴訟改革法の“安全港”条項に基づいて作られた。これらの前向きな陳述は、“将”、“予想”、“予想”、“未来”、“計画”、“計画”、“信じる”、“推定”および同様の表現によって識別することができる。非歴史事実の陳述は、趣頭条に関する信念、計画と期待の陳述を含み、すべて前向きな陳述である。その他の事項を除いて、本公告における“業務展望”部分及び管理職の引用には、前向きな陳述が含まれている。展望的な陳述は固有の危険と不確実性を含む。多くの要素は実際の結果と展望性表現中の内容に実質的な差を招く可能性があり、これらの要素は:趣頭条の戦略;趣頭条の未来の業務発展、財務状況と経営業績;趣頭条はユーザー数の維持と増加及び良質なコンテンツを提供する能力;移動コンテンツプラットフォーム業界の競争;趣頭条の管理コストと支出の能力;新冠肺炎疫病の未来の発展;全世界及び中国の全体経済、商業情勢;及び上述の任意の仮定或いは関連する仮説を含むが、これらに限定されない。これらのリスクや他のリスクに関するより多くの情報は、趣頭条が米国証券取引委員会に提出した文書を参照されたい。本プレスリリースで提供されるすべての情報は,本プレスリリースの日までであり,法律要求を適用する以外に,趣見出しはいかなる前向き陳述を更新する義務も負わない.
投資家とメディア検索、連絡してください
趣トップ株式会社
投資家関係
電話番号:+86-21-5889-0398
メール:ir@quoutiao.net
趣トップ株式会社
監査されていない簡明な総合貸借対照表
(すべての金額は千元で、または別途明記)
| | 12月31日まで | | | 12月31日まで | |
| | 2020 | | | 2021 | |
資産 | | | | | | | | |
流動資産: | | | | | | | | |
現金と現金等価物 | | | 494,475 | | | | 240,351 | |
制限現金 | | | 100,316 | | | | 75,482 | |
短期投資 | | | 391,033 | | | | 343,017 | |
売掛金純額 | | | 737,789 | | | | 770,919 | |
関係者が応じた金 | | | 383,594 | | | | 259,863 | |
前払金その他流動資産 | | | 365,109 | | | | 172,877 | |
流動資産総額 | | | 2,472,316 | | | | 1,862,509 | |
非流動資産: | | | | | | | | |
売掛金は流動ではない | | | 54,639 | | | | - | |
長期投資 | | | 82,889 | | | | 1,416 | |
財産と設備、純額 | | | 17,213 | | | | 12,861 | |
無形資産 | | | 83,123 | | | | 165,270 | |
商誉 | | | 7,268 | | | | 7,268 | |
使用権資産、純額 | | | 50,319 | | | | 26,342 | |
他の非流動資産 | | | 148,091 | | | | 4,809 | |
非流動資産総額 | | | 443,542 | | | | 217,966 | |
総資産 | | | 2,915,858 | | | | 2,080,475 | |
負債、償還可能な非持株権益、株主権益 | | | | | | | | |
流動負債: | | | | | | | | |
短期借款 | | | 70,000 | | | | 20,000 | |
売掛金 | | | 448,981 | | | | 313,768 | |
関係者の金に対処する | | | 22,477 | | | | 6,928 | |
支払うべき登録ユーザーの忠誠度 | | | 72,627 | | | | 61,691 | |
顧客からの前払いと繰延収入 | | | 140,776 | | | | 122,597 | |
賃金と福祉に対処する | | | 149,704 | | | | 65,987 | |
税金を納めるべきだ | | | 97,144 | | | | 43,879 | |
賃貸負債、流動 | | | 20,760 | | | | 11,897 | |
ユーザロイヤルティ計画に関する計上すべき負債 | | | 100,088 | | | | 99,360 | |
負債その他流動負債を計上しなければならない | | | 763,433 | | | | 1,334,603 | |
転換可能なローン-流動ローン | | | - | | | | 1,182,963 | |
流動負債総額 | | | 1,885,990 | | | | 3,263,673 | |
非流動賃貸負債 | | | 23,756 | | | | 15,985 | |
転換可能なローン | | | 1,174,868 | | | | - | |
繰延税金負債 | | | 18,825 | | | | 16,422 | |
他の非流動負債 | | | 4,256 | | | | 1,733 | |
非流動負債 | | | 1,221,705 | | | | 34,140 | |
総負債 | | | 3,107,695 | | | | 3,297,813 | |
償還可能な非持株権益総額 | | | 1,093,526 | | | | 1,172,218 | |
株主が損失する | | | | | | | | |
普通株 | | | 47 | | | | 50 | |
在庫株 | | | (142,229 | ) | | | (142,229 | ) |
追加実収資本 | | | 4,784,315 | | | | 4,979,353 | |
その他の総合収益を累計する | | | 84,320 | | | | 129,010 | |
赤字を累計する | | | (6,007,227 | ) | | | (7,355,740 | ) |
趣頭株式有限公司の株主損失総額 | | | (1,280,774 | ) | | | (2,389,556 | ) |
非制御的権益 | | | (4,589 | ) | | | - | |
総赤字 | | | (1,285,363 | ) | | | (2,389,556 | ) |
総負債、償還可能な非持株権益と株主損失 | | | 2,915,858 | | | | 2,080,475 | |
趣トップ株式会社
監査されていない簡明な合併業務報告書
(米国預託株式データを除いて、その他の金額は千元で計算)
| | 次の3か月まで | | | 本財政年度末まで | |
| | 十二月三十一日 | | | 九月三十日 | | | 十二月三十一日 | | | 十二月三十一日 | | | 十二月三十一日 | |
| | 2020 | | | 2021 | | | 2021 | | | 2020 | | | 2021 | |
広告とマーケティング収入 | | | 1,241,938 | | | | 899,215 | | | | 821,765 | | | | 5,046,835 | | | | 4,090,383 | |
その他の収入 | | | 60,453 | | | | 66,297 | | | | 59,372 | | | | 238,360 | | | | 249,220 | |
純収入 | | | 1,302,391 | | | | 965,512 | | | | 881,137 | | | | 5,285,195 | | | | 4,339,603 | |
収入コスト | | | (441,691 | ) | | | (267,268 | ) | | | (199,139 | ) | | | (1,674,416 | ) | | | (1,171,626 | ) |
毛利 | | | 860,700 | | | | 698,244 | | | | 681,998 | | | | 3,610,779 | | | | 3,167,977 | |
運営費用: | | | | | | | | | | | | | | | | | | | | |
研究開発費 | | | (199,688 | ) | | | (140,014 | ) | | | (88,741 | ) | | | (947,871 | ) | | | (551,612 | ) |
販売とマーケティング費用 | | | (680,261 | ) | | | (982,024 | ) | | | (795,992 | ) | | | (3,381,560 | ) | | | (3,483,773 | ) |
一般と行政費用 | | | (94,389 | ) | | | (174,258 | ) | | | (62,603 | ) | | | (392,816 | ) | | | (431,913 | ) |
総運営費 | | | (974,338 | ) | | | (1,296,296 | ) | | | (947,336 | ) | | | (4,722,247 | ) | | | (4,467,298 | ) |
その他の営業収入 | | | 23,545 | | | | 23,883 | | | | 17,569 | | | | 79,299 | | | | 106,098 | |
運営損失 | | | (90,092 | ) | | | (574,169 | ) | | | (247,769 | ) | | | (1,032,169 | ) | | | (1,193,223 | ) |
投資収益/(費用)、純額 | | | 19,990 | | | | 705 | | | | (35,856 | ) | | | (31,788 | ) | | | (36,041 | ) |
利子支出,純額 | | | (9,452 | ) | | | (8,107 | ) | | | (8,327 | ) | | | (27,724 | ) | | | (32,303 | ) |
外国為替関連収益/(損失)、純額 | | | (1,571 | ) | | | (2 | ) | | | (328 | ) | | | (7,183 | ) | | | (1 | ) |
その他の収入/(支出)、純額 | | | (1,033 | ) | | | (918 | ) | | | (691 | ) | | | (7,310 | ) | | | 27,637 | |
営業外収入/(赤字) | | | 7,934 | | | | (8,322 | ) | | | (45,202 | ) | | | (74,005 | ) | | | (40,708 | ) |
所得税準備前の損失を差し引く | | | (82,158 | ) | | | (582,491 | ) | | | (292,971 | ) | | | (1,106,174 | ) | | | (1,233,931 | ) |
所得税割引/(費用)、純額 | | | 349 | | | | (576 | ) | | | (2,994 | ) | | | 1,008 | | | | (3,050 | ) |
関連会社権益法損 | | | - | | | | (581 | ) | | | (2,037 | ) | | | - | | | | (3,195 | ) |
純損失 | | | (81,809 | ) | | | (583,648 | ) | | | (298,002 | ) | | | (1,105,166 | ) | | | (1,240,176 | ) |
非持株権益は純損失を占めなければならない | | | 250 | | | | 214 | | | | - | | | | 727 | | | | 559 | |
興味トップ会社は純損失を占めるべきだ。 | | | (81,559 | ) | | | (583,434 | ) | | | (298,002 | ) | | | (1,104,439 | ) | | | (1,239,617 | ) |
転換可能な優先株を増やして償還する 付属会社の価値 | | | (11,942 | ) | | | (27,698 | ) | | | (28,323 | ) | | | (48,277 | ) | | | (108,896 | ) |
優先株買い戻し収益 | | | 14,842 | | | | - | | | | - | | | | 14,842 | | | | - | |
興味トップ会社の純損失に起因しています 普通株主 | | | (78,659 | ) | | | (611,132 | ) | | | (326,325 | ) | | | (1,137,874 | ) | | | (1,348,513 | ) |
純損失 | | | (81,809 | ) | | | (583,648 | ) | | | (298,002 | ) | | | (1,105,166 | ) | | | (1,240,176 | ) |
その他総合収益/(損失): | | | | | | | | | | | | | | | | | | | | |
外貨換算調整でゼロ税純額を差し引く | | | 67,967 | | | | (6,727 | ) | | | 32,330 | | | | 102,254 | | | | 44,690 | |
全面損失総額 | | | (13,841 | ) | | | (590,375 | ) | | | (265,672 | ) | | | (1,002,912 | ) | | | (1,195,486 | ) |
それは… 非制御的権益 | | | 250 | | | | 214 | | | | - | | | | 727 | | | | 559 | |
それは… 趣トップ株式会社 | | | (13,591 | ) | | | (590,161 | ) | | | (265,672 | ) | | | (1,002,185 | ) | | | (1,194,927 | ) |
アメリカ預託株当たりの純損失: | | | | | | | | | | | | | | | | | | | | |
-基本的で希釈された | | | (2.65 | ) | | | (20.10 | ) | | | (10.69 | ) | | | (39.23 | ) | | | (44.50 | ) |
基礎計算に用いた米国預託株式の加重平均 希釈された1株当たりのアメリカ預託株式収益です | | | | | | | | | | | | | | | | | | | | |
-基本的に | | | 29,704,591 | | | | 30,404,904 | | | | 30,538,755 | | | | 29,005,230 | | | | 30,307,013 | |
-薄めて | | | 29,704,591 | | | | 30,404,904 | | | | 30,538,755 | | | | 29,005,230 | | | | 30,307,013 | |
趣トップ株式会社
公認会計原則と非公認会計原則の結果の照合
(米国預託株式データを除いて、その他の金額は千元で計算)
| | 次の3か月まで | | | 本財政年度末まで | |
| | 十二月三十一日 | | | 九月三十日 | | | 十二月三十一日 | | | 十二月三十一日 | | | 十二月三十一日 | |
| | 2020 | | | 2021 | | | 2021 | | | 2020 | | | 2021 | |
運営損失 | | | (90,092 | ) | | | (574,169 | ) | | | (247,769 | ) | | | (1,032,169 | ) | | | (1,193,223 | ) |
新規:株式ベースの給与支出 | | | | | | | | | | | | | | | | | | | | |
収入コスト | | | 1,982 | | | | 170 | | | | 21 | | | | 12,905 | | | | 1,187 | |
一般と行政 | | | 44,714 | | | | 12,822 | | | | 7,115 | | | | 159,320 | | | | 64,039 | |
販売とマーケティング | | | 39,252 | | | | 23,230 | | | | 6,582 | | | | 86,656 | | | | 32,122 | |
研究開発 | | | 46,669 | | | | 22,280 | | | | 10,789 | | | | 204,333 | | | | 102,838 | |
非公認会計基準営業収入/(赤字) | | | 42,525 | | | | (515,667 | ) | | | (223,262 | ) | | | (568,955 | ) | | | (993,038 | ) |
純損失 | | | (81,809 | ) | | | (583,648 | ) | | | (298,002 | ) | | | (1,105,166 | ) | | | (1,240,176 | ) |
新規:株式ベースの給与支出 | | | | | | | | | | | | | | | | | | | | |
収入コスト | | | 1,982 | | | | 170 | | | | 21 | | | | 12,905 | | | | 1,187 | |
一般と行政 | | | 44,714 | | | | 12,822 | | | | 7,115 | | | | 159,320 | | | | 64,039 | |
販売とマーケティング | | | 39,252 | | | | 23,230 | | | | 6,582 | | | | 86,656 | | | | 32,122 | |
研究開発 | | | 46,669 | | | | 22,280 | | | | 10,789 | | | | 204,333 | | | | 102,838 | |
非公認会計基準純収益/(損失) | | | 50,808 | | | | (525,146 | ) | | | (273,495 | ) | | | (641,952 | ) | | | (1,039,990 | ) |
興味トップ会社は純損失を占めるべきだ。 | | | (81,559 | ) | | | (583,434 | ) | | | (298,002 | ) | | | (1,104,439 | ) | | | (1,239,617 | ) |
新規:株式ベースの給与支出 | | | | | | | | | | | | | | | | | | | | |
収入コスト | | | 1,982 | | | | 170 | | | | 21 | | | | 12,905 | | | | 1,187 | |
一般と行政 | | | 44,714 | | | | 12,822 | | | | 7,115 | | | | 159,320 | | | | 64,039 | |
販売とマーケティング | | | 39,252 | | | | 23,230 | | | | 6,582 | | | | 86,656 | | | | 32,122 | |
研究開発 | | | 46,669 | | | | 22,280 | | | | 10,789 | | | | 204,333 | | | | 102,838 | |
非公認会計基準純収益/(損失) 興味トップ会社によるものです | | | 51,058 | | | | (524,932 | ) | | | (273,495 | ) | | | (641,225 | ) | | | (1,039,431 | ) |
それは… 趣頭株式有限公司普通株株主 | | | (78,659 | ) | | | (611,132 | ) | | | (326,325 | ) | | | (1,137,874 | ) | | | (1,348,513 | ) |
新規:株式ベースの給与支出 | | | | | | | | | | | | | | | | | | | | |
収入コスト | | | 1,982 | | | | 170 | | | | 21 | | | | 12,905 | | | | 1,187 | |
一般と行政 | | | 44,714 | | | | 12,822 | | | | 7,115 | | | | 159,320 | | | | 64,039 | |
販売とマーケティング | | | 39,252 | | | | 23,230 | | | | 6,582 | | | | 86,656 | | | | 32,122 | |
研究開発 | | | 46,669 | | | | 22,280 | | | | 10,789 | | | | 204,333 | | | | 102,838 | |
非公認会計基準の純収益/(損失)は 趣頭株式有限公司普通株株主 | | | 53,958 | | | | (552,630 | ) | | | (301,818 | ) | | | (674,660 | ) | | | (1,148,327 | ) |
米国預託株式非公認会計基準純収益/(損失): | | | | | | | | | | | | | | | | | | | | |
-基本的に | | | 1.82 | | | | (18.18 | ) | | | (9.88 | ) | | | (23.26 | ) | | | (37.89 | ) |
-薄めて | | | 1.79 | | | | (18.18 | ) | | | (9.88 | ) | | | (23.26 | ) | | | (37.89 | ) |
基礎計算に用いた米国預託株式の加重平均 希釈された1株当たりのアメリカ預託株式収益 | | | | | | | | | | | | | | | | | | | | |
-基本的に | | | 29,704,591 | | | | 30,404,904 | | | | 30,538,755 | | | | 29,005,230 | | | | 30,307,013 | |
-薄めて | | | 30,065,951 | | | | 30,404,904 | | | | 30,538,755 | | | | 29,005,230 | | | | 30,307,013 | |
付記:すべての期間を提出する場合、アメリカ預託株式の比率が4つのアメリカ預託証券と1株A類普通株の比率から2つのアメリカ預託証券と5株A類普通株の新比率に変更されたと仮定すると、アメリカ預託株式の基本損失及び赤字は提出された最初の期間から発生する。
趣トップ株式会社
運営情報を補充する
(人民元百万元、または別途明記)
| | 次の3か月まで | |
| | 十二月三十一日 | | | 三月三十一日 | | | 六月三十日 | | | 九月三十日 | | | 十二月三十一日 | |
| | 2020 | | | 2021 | | | 2021 | | | 2021 | | | 2021 | |
純収入 | | | 1,302.4 | | | | 1,291.0 | | | | 1,202.0 | | | | 965.5 | | | | 881.1 | |
ユーザー参加度費用 | | | 163.2 | | | | 179.1 | | | | 169.5 | | | | 161.8 | | | | 156.5 | |
ユーザーが料金を取得する | | | 397.1 | | | | 588.7 | | | | 685.2 | | | | 757.3 | | | | 599.8 | |
その他の販売とマーケティング費用 | | | 119.9 | | | | 35.2 | | | | 48.1 | | | | 62.9 | | | | 39.7 | |
販売とマーケティング費用総額 | | | 680.3 | | | | 803.0 | | | | 902.8 | | | | 982.0 | | | | 796.0 | |
合併平均MAU(単位:百万) | | | 124.7 | | | | 133.3 | | | | 132.3 | | | | 118.5 | | | | 97.6 | |
統合平均DAU(単位:百万) | | | 32.3 | | | | 31.7 | | | | 29.1 | | | | 26.5 | | | | 25.0 | |
新規インストールユーザー(百万) | | | 50.3 | | | | 101.8 | | | | 94.0 | | | | 103.8 | | | | 72.6 | |
各DAUの1日あたりの平均純収入(人民元) | | | 0.44 | | | | 0.45 | | | | 0.46 | | | | 0.41 | | | | 0.39 | |
毎日のDAUごとのユーザー参加度料金 (人民元) | | | 0.05 | | | | 0.06 | | | | 0.06 | | | | 0.07 | | | | 0.07 | |
新たにインストールされた各ユーザーの取得料金 ユーザー(元人民元) | | | 7.89 | | | | 5.78 | | | | 7.29 | | | | 7.30 | | | | 8.26 | |
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1非GAAP財務措置に関するより多くの情報は、“非GAAP財務措置の使用”と題する以下の節と、本プレスリリースの最後に“GAAPと非GAAP結果の調整”と題する以下の表を参照されたい。
2MAU“は、1ヶ月以内に関連するモバイルアプリケーションにアクセスするユニークなモバイルデバイスの数を意味する。特定の期間の“総合平均MAU”とは、その期間中の毎月のすべてのモバイルアプリケーションのMAUの平均値を意味する
3DAU“とは、所与の日に関連するモバイルアプリケーションにアクセスする唯一のモバイルデバイスの数を意味する。特定の期間の“総合平均DAU”とは、その期間内のすべてのストリームアプリケーションの1日当たりのDAU平均値を意味する
4新規インストールユーザ“とは、関連するモバイルアプリケーションを少なくとも1回ダウンロードして起動するユニークなモバイルデバイスの総数を意味する。