Youke Holdings (01948) announced that for 9 months ending September 30, 2023, online marketing solutions...
According to the Zhitong Finance App, Youke Holdings (01948) announced that in the nine months ended September 30, 2023, the total bill amount generated by the online marketing solutions business obtained about 6.801 billion yuan (RMB, same below), a decrease of about 29.1% compared to the same period in 2022, mainly due to the Group's control of customer credit risk and optimization of customer structure.
Compared with the operating data for the second quarter of 2023, the month-on-month retention rate of group advertisers with total bills exceeding 10 million yuan was 100%; the total number of customers remained stable in the third quarter of 2023.
For the nine months ended September 30, 2023, due to careful control of the Group's credit policy and optimization of customer structure, the Group's operating cash inflow was approximately 623 million yuan.
In the nine months ended September 30, 2023, the live e-commerce business served 26 brands, mainly involving mass consumption and local lifestyle categories. The total amount of commodity transactions (GMV) reached was about 324 million yuan.