Kuaigou Taxi (02246) announced its 2023 annual results, with revenue of about 753 million yuan (RMB, same below),...
According to the Zhitong Finance App, Kuaidou Taxi (02246) announced its 2023 annual results, with revenue of about 753 million yuan (RMB, same below), a year-on-year decrease of 2.6%; loss of 1.01 billion yuan during the year, a year-on-year reduction of 9%; adjusted net loss of 170 million yuan during the year, a decrease of 25.6% year-on-year; and a loss of 1.76 yuan per share.
According to the announcement, revenue declined slightly by 2.6% for the year ended December 31, 2023, with revenue from mainland China falling 17.8%, while revenue from Hong Kong, China and overseas markets increased 9.7% in the same year, while mainland China, Hong Kong, and overseas markets contributed 38.0% and 62.0% to overall revenue, respectively.
The company continues to improve its vibrant ecosystem of millions of shippers and drivers. As of December 31, 2023, the company had approximately 33 million registered shippers and 6.7 million registered drivers. In 2023, 23.1 million shipping orders were completed on the company's platform, generating a total transaction amount of 2,297 billion yuan. The company believes that with the gradual decline in subsidy competition within the industry and the company's strong strength in the logistics service industry, the company will be able to continue to steadily expand our share of the logistics market in the same city.