Shulou(Shulou.com)11/24 Report--

CTOnews.com August 16 news, real-time retail and distribution platform Dada Group today released its second-quarter 2023 results, with total revenue of 2.8 billion yuan, an increase of 23% over the same period last year. It is worth noting that the adjusted net profit improved by more than 17% year-on-year to profit, and Dada Group achieved its first overall profit after listing.

According to the financial report, JD.com 's second-quarter revenue of the platform was 1.8 billion yuan, up 25% from the same period last year. In the 12 months to June 30, 2023, the total transaction volume (GMV) of JD.com 's platform reached 70.8 billion yuan, up 30% from the same period last year. In the second quarter, the number of JD.com 's annual active stores exceeded 300000, an increase of more than 70 percent over the same period last year.

The revenue of Dada Express platform was 1 billion yuan in the second quarter, up 20% from the same period last year, while Dada Express active Knight increased by more than 30% in the second quarter compared with the same period last year.

The main business data of CTOnews.com attached Dada Group are as follows:

The revenue of Dada Express platform reached 1 billion yuan, an increase of 20% over the same period last year. The growth was mainly due to an increase in orders for intra-city real-time delivery services for chain stores.

The revenue of JD.com 's home platform reached 1.8 billion yuan, up 25% from the same period last year. The growth is mainly due to the improvement of the platform GMV. Based on the continued rich activities of brands and retailers, online marketing service income has also contributed to the growth of JD.com 's home revenue.

The total cost and expense is RMB 3 billion, and the total cost and expense for the same period in 2022 is RMB 2.9 billion.

The operating support cost is RMB 1.7 billion. The year-on-year growth is mainly due to the increase in rider costs caused by the increase in the number of orders for real-time distribution in the same city for merchants, as well as the increase in the cost of marketing activities.

The sales and marketing expenses are RMB 1.1 billion. The year-on-year decline was mainly due to a reduction in advertising and marketing expenses, as well as a reduction in consumer subsidies for JD.com.

The comprehensive administrative cost is RMB 56 million. The year-on-year decline was due to good cost control measures and reduced share compensation costs.

The R & D cost is 100 million yuan. The year-on-year decline is mainly due to the decline in R & D labor costs.

The net profit attributable to the common shareholders of the Dada Group under non-American General Accounting Standards (Non-GAAP) was 8.4 million yuan, compared with a loss of 400 million yuan in the same period last year.

As of June 30, 2023, the company has cash and cash equivalents, restricted cash and short-term investments totaling RMB 3.9 billion.

Dada Group expects total revenue in the third quarter of 2023 to range from 2.8 billion yuan to 3 billion yuan, up 18% to 26% from a year earlier.

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