BEIJING, Sept. 29,
2022 /PRNewswire/ -- TuanChe Limited ("TuanChe,"
"Company," "we" or "our") (NASDAQ: TC), a leading integrated
automotive marketplace in China,
today announced its unaudited financial results for the six months
ended June 30, 2022.
Key First Half 2022 Financial and Operating Metrics Compared
with the Prior Year Period
- Net revenues decreased by 58.2% to RMB89.2 million (US$13.3
million) from RMB213.3
million.
- Gross profit decreased by 55.4% to RMB72.3 million (US$10.8
million) from RMB161.9
million.
- The number of auto shows organized during the first half of
2022 decreased by 78.1% to 61 in 49 cities from 278 auto shows in
133 cities across China.
- The number of automobile sale transactions facilitated during
the first half of 2022 decreased by 74.2% to 16,591 from 64,187,
and the gross merchandise volume of new automobiles sold during the
first half of 2022 decreased by 73.3% to RMB2.4 billion (US$0.4
billion) from RMB9.0
billion.
- Sales operations covered 79 cities as of June 30, 2022, compared to 119 cities as of
December 31, 2021 and 125 cities as
of June 30, 2021.
Mr. Wei Wen, TuanChe's Chairman
and CEO, commented, "In the face of significant challenges posed by
the weak macro environment and large-scale, multi-location COVID-19
outbreaks that caused severe operational disruptions along the
automotive industry chain, our net revenues for the first half of
2022 came in at RMB89.2 million, down
by 58.2% year over year. While our offline automotive marketing
services business suffered from a prolonged external impact of
these events, we continued to enhance our data analysis
capabilities with profound customer insights and pursue business
innovations with creative marketing solutions, resulting in a
substantial year-over-year increase of 87.4% in net revenues
generated from our online marketing services. Meanwhile, we are
excited to see new energy vehicles' ("NEV") sustained growth
momentum in China and are making
solid progress on expanding our business into electric vehicle
manufacturing. Looking ahead, we will remain focused on improving
operation efficiency and strengthening our core competencies in
marketing services as we strive to fulfill China's surging EV demand to propel our future
growth."
Mr. Chenxi Yu, TuanChe's Deputy
Chief Financial Officer, added, "In the first half of 2022, auto
supply chain, production and our offline operations were materially
affected by the pandemic resurgence, leading to a decrease in the
number of our auto shows as well as our net revenues. As we
continued to execute disciplined cost management measures, our
operating expenses for the first half of 2022 declined by 38.4%
year over year. Against the backdrop of ongoing uncertainties
surrounding the pandemic, we will continue to streamline our
organization, optimize our resource allocation, and enhance our
underlying marketing service capabilities while forging ahead with
our EV manufacturing strategy to capture growth opportunities in
the post-pandemic era."
Recent Business Developments
As the COVID-19 pandemic was largely under control in
China, the Company had gradually
resumed offline operations in some cities since the end of
May 2020, with the pace of recovery
subject to the ongoing development of the COVID-19 pandemic and the
relevant government guidance. COVID-19 and its variants continue to
generate uncertainties in the Company's business with reported
cases in several regions including but not limited to Shanghai and Beijing, as well as Guangdong, Jiangsu, Hebei, Shandong, Fujian, Heilongjiang and Liaoning provinces in the first half of 2022.
As such the Company has been unable to hold offline auto shows in
certain cities, which have further impacted the Company's financial
conditions and cash flow. See "Business Outlook" for the Company's
current and preliminary views on the impact of COVID-19 on the auto
market and operational conditions for the second half of 2022. The
Company also continues to closely monitor both the development of
the pandemic and regulatory responses and restrictions as well as
the impact on the Company's business, results of operations,
financial conditions and cash flow. Moreover, the Company has
implemented and will continue to implement measures to adjust the
pace of business operations and conserve resources and may resort
to other cost cutting measures for cash flow management.
Unaudited First Half 2022 Financial Results
Net Revenues
Net revenues in the first half of 2022 decreased by 58.2% to
RMB89.2 million (US$13.3 million) from RMB213.3 million in the same period of the prior
year, primarily due to an 84.0% year-over-year decrease in revenues
generated from offline marketing services to RMB25.7 million (US$3.8
million) from RMB160.0 million
in the same period of the prior year.
- Offline marketing services. Net revenues generated from
auto shows decreased by 84.0% to RMB25.2
million (US$3.8 million) in
the first half of 2022 from RMB158.1
million in the same period of the prior year, and net
revenues generated from special promotion events decreased by 77.6%
to RMB0.4 million (US$0.1 million) in the first half of 2022 from
RMB1.9 million in the same period of
the prior year. The decrease in revenues from offline marketing
services was primarily due to a reduced number of offline
activities as a result of tightened government restrictions in
response to regional COVID-19 outbreaks.
- Referral service for a commercial bank. Net revenues
generated from referral service for a commercial bank decreased by
21.0% to RMB26.5 million
(US$4.0 million) in the first half of
2022 from RMB33.5 million in the same
period of the prior year, primarily because the Company has ceased
operation of the referral services since April 1, 2022.
- Online marketing services and others. Net revenues
generated from online marketing services and others increased by
87.4% to RMB37.1 million
(US$5.5 million) in the first half of
2022 from RMB19.8 million in the same
period of the prior year, primarily due to the increase in the live
streaming events held by the Company and its newly launched online
promotion services.
Gross Profit
Gross profit decreased by 55.4% to RMB72.3 million (US$10.8
million) in the first half of 2022 from RMB161.9 million in the same period of the prior
year. Gross margin was 81.0% in the first half of 2022 compared to
75.9% in the same period of the prior year, primarily attributable
to the change in our revenue composition.
Total Operating Expenses and Loss from
Operations
Total operating expenses decreased by 38.4% to RMB116.5 million (US$17.4
million) in the first half of 2022 from RMB189.2 million in the same period of the prior
year.
- Selling and marketing expenses decreased by 45.2% to
RMB77.2 million (US$11.5 million) in the first half of 2022 from
RMB140.8 million in the same period
of the prior year, primarily due to a decrease in promotion
expenses and staff compensation expenses, as a result of decreased
volume of offline events and the optimization of the Company's
workforce.
- General and administrative expenses decreased by 12.1% to
RMB26.9 million (US$4.0 million) in the first half of 2022 from
RMB30.6 million in the same period of
the prior year, primarily due to a decrease in the general and
administrative staff compensation expenses and allowance for
doubtful accounts, as a result of the optimization of the company's
workforce and the strengthened collection of accounts
receivable.
- Research and development expenses decreased by 30.2% to
RMB12.4 million (US$1.8 million) in the first half of 2022 from
RMB17.7 million in the same period of
the prior year, primarily due to decrease in the research and
development staff compensation expenses, as a result of the
optimization of the company's workforce.
As a result of the foregoing, loss from operations increased by
62.5% to RMB44.3 million
(US$6.6 million) in the first half of
2022 from RMB27.2 million in the same
period of the prior year.
Net loss attributable to the Company's Shareholders and
Non-GAAP Measures
Net loss attributable to the Company's shareholders in the first
half of 2022 increased by 148.6% to RMB56.2
million (US$8.4 million) from
RMB22.6 million in the same period of
the prior year. Basic and diluted loss per ordinary share were both
RMB0.18 (US$0.03) in the first half of 2022 compared with
RMB0.07 in the same period of the
prior year.
Adjusted net loss attributable to the Company's shareholders in
the first half of 2022 increased by 115.8% to RMB34.4 million (US$5.1
million) from RMB15.9 million
in the same period of the prior year. Adjusted basic and diluted
net loss per ordinary share were both RMB0.11 (US$0.02)
in the first half of 2022 compared with RMB0.05 in the same period of the prior year.
(1)
Adjusted EBITDA was a loss of RMB30.8
million (US$4.6 million) in
the first half of 2022 compared with a loss of RMB11.8 million in the same period of the prior
year. (1)
(1) For
details on the calculation of and reconciliation to the nearest
GAAP measures for each of adjusted net loss attributable to the
Company's shareholders, adjusted net loss per ordinary share and
adjusted EBITDA, please refer to "Use of Non-GAAP Financial
Measures" and "Reconciliation of Non-GAAP and GAAP
Results."
|
Balance Sheet and Cash Flow
As of June 30, 2022, the Company
had RMB32.2 million (US$4.8 million) cash and cash equivalents and
RMB7.9 million (US$1.2 million) restricted cash. Net cash used in
operating activities in the first half of 2022 was RMB55.4 million (US$8.3
million) compared with net cash used in operating activities
of RMB40.3 million in the same period
of the prior year.
Business Outlook
For the second half of 2022, the Company expects net revenues to
range from approximately RMB100.0
million to RMB120.0 million,
representing an approximate year-over-year decrease of 30.7% to
16.8%. This is primarily attributable to the estimated declining
number of offline events that is expected to be held in the second
half year of 2022 (including auto shows and special promotion
events) due to the decrease in government approval granted for
offline activities in response to regional COVID-19 outbreaks.
This forecast reflects the Company's current and preliminary
views on the market and operational conditions as well as the
influence of the COVID-19 pandemic, which are subject to
change.
Exchange Rate
This press release contains translations of certain Renminbi
amounts into U.S. dollars at specified rates solely for the
convenience of readers. Unless otherwise noted, all translations
from Renminbi to U.S. dollars, in this press release, were made at
a rate of RMB6.6981 to US$1.00, the noon buying rate in effect on
June 30, 2022 in the City of New York for cable transfers in
Renminbi per U.S. dollar as certified for customs purposes by the
Federal Reserve Bank of New York.
No representation is made that the Renminbi amounts could have
been, or could be, converted, realized or settled into U.S. dollars
at that rate on June 30, 2022, or at
any other rate.
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements include,
without limitation, the Company's business plans and development,
business outlook, as well as the length and severity of the
COVID-19 pandemic and its impact on the Company's business and
industry, which can be identified by terminology such as "may,"
"will," "expect," "anticipate," "aim," "estimate," "intend,"
"plan," "believe," "potential," "continue," "is/are likely to" or
other similar expressions. Such statements are based upon
management's current expectations and current market and operating
conditions, and relate to events that involve known or unknown
risks, uncertainties and other factors, all of which are difficult
to predict and many of which are beyond the Company's control.
Further information regarding these and other risks, uncertainties
or factors is included in the Company's filings with the U.S.
Securities and Exchange Commission. The Company does not undertake
any obligation to update any forward-looking statement as a result
of new information, future events or otherwise, except as required
under law.
Use of Non-GAAP Financial Measures
To supplement the Company's unaudited condensed consolidated
quarterly financial information which are presented in accordance
with U.S. GAAP, the Company also uses adjusted net loss
attributable to the Company's shareholders, adjusted net loss per
ordinary share and adjusted EBITDA as additional non-GAAP financial
measures. The Company presents these non-GAAP financial measures
because they are used by the Company's management to evaluate its
operating performance. The Company also believes that these
non-GAAP financial measures provide useful information to investors
and others in understanding and evaluating the Company's
consolidated results of operations in the same manner as its
management and in comparing financial results across accounting
periods and to those of the Company's peer companies.
The Company defines adjusted net loss as net loss excluding the
impact of share-based compensation expenses, change of guarantee
liability, impairment of long-term investment and impairment of
long-lived assets. The Company defines adjusted net loss per
ordinary share as adjusted net loss divided by the weighted average
number of ordinary shares. The Company defines adjusted EBITDA as
net loss excluding the impact of depreciation and amortization,
interest income, net, share-based compensation expenses, change of
guarantee liability, impairment of long-term investment and
impairment of long-lived assets. The Company believes that these
non-GAAP financial measures provide useful information to investors
and others in understanding and evaluating the Company's operating
results. These non-GAAP financial measures are adjusted for the
impact of items that the Company does not consider indicative of
the operational performance of the Company's business, and should
not be considered in isolation or construed as an alternative to
net loss or any other measure of performance or as an indicator of
the Company's operating performance.
In addition, the non-GAAP financial measures are not defined
under U.S. GAAP and are not presented in accordance with U.S. GAAP.
The non-GAAP financial measures have limitations as analytical
tools. One of the key limitations of using these non-GAAP financial
measures is that they do not reflect all items of income and
expense that affect the Company's operations. Interest income, net,
depreciation and amortization, share-based compensation expenses,
change of guarantee liability, impairment of long-term investment
and impairment of long-lived assets have been and may continue to
be incurred in the Company's business and are not reflected in the
presentation of these non-GAAP measures. Further, these non-GAAP
financial measures may not be comparable to similarly titled
measures presented by other companies. Other companies may
calculate similarly titled measures differently, limiting their
usefulness as comparative measures to the Company's data. The
Company encourages investors and others to review the Company's
financial information in its entirety and not rely on a single
financial measure. Investors are encouraged to compare the
historical non-GAAP financial measures with the most directly
comparable GAAP measures.
About TuanChe
Founded in 2010, TuanChe Limited (NASDAQ: TC) is a leading
integrated automotive marketplace in China. TuanChe offers services to connect
automotive consumers with various industry players such as
automakers, dealers and other automotive service providers. TuanChe
provides automotive marketing and transaction related services by
integrating its online platforms with offline sales events. Through
its integrated marketing solutions, TuanChe turns individual and
isolated automobile purchase transactions into large-scale
collective purchase activities by creating an interactive
many-to-many environment. Furthermore, leveraging its proprietary
data analytics and advanced digital marketing system, TuanChe's
online marketing service platform helps industry customers increase
the efficiency and effectiveness of their advertising placements.
For more information, please contact ir@tuanche.com.
For investor and media inquiries, please contact:
TuanChe
Limited
|
|
Investor
Relations
|
|
Tel: +86 (10)
6397-6232
|
|
Email:
ir@tuanche.com
|
|
|
|
The Piacente Group,
Inc.
|
|
Brandi
Piacente
|
|
Tel: +1 (212)
481-2050
|
|
Email:
tuanche@tpg-ir.com
|
|
|
|
Yang Song
|
|
Tel: +86 (10)
6508-0677
|
|
Email:
tuanche@tpg-ir.com
|
|
TUANCHE LIMITED
|
CONDENSED
CONSOLIDATED BALANCE SHEETS
|
(All amounts in
thousands, except for share and per share data, unless otherwise
stated)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2021
|
|
June 30,
2022
|
|
|
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
(unaudited)
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
|
63,461
|
|
32,184
|
|
4,805
|
Restricted
cash
|
|
|
|
33,837
|
|
7,946
|
|
1,186
|
Accounts and notes
receivable, net
|
|
|
|
47,951
|
|
40,416
|
|
6,034
|
Prepayment and other
current assets, net
|
|
|
|
60,460
|
|
56,927
|
|
8,499
|
Total current
assets
|
|
|
|
205,709
|
|
137,473
|
|
20,524
|
Non-current
assets:
|
|
|
|
|
|
|
|
|
Property, equipment and
software, net
|
|
|
|
3,467
|
|
2,092
|
|
312
|
Intangible assets,
net
|
|
|
|
17,711
|
|
—
|
|
—
|
Operating lease
right-of-use assets
|
|
|
|
5,104
|
|
11,725
|
|
1,750
|
Long-term
investments
|
|
|
|
5,357
|
|
5,142
|
|
768
|
Goodwill
|
|
|
|
115,414
|
|
115,414
|
|
17,231
|
Other non-current
assets
|
|
|
|
313
|
|
429
|
|
64
|
Total non-current
assets
|
|
|
|
147,366
|
|
134,802
|
|
20,125
|
Total
assets
|
|
|
|
353,075
|
|
272,275
|
|
40,649
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
|
|
Accounts
payable
|
|
|
|
29,577
|
|
13,182
|
|
1,968
|
Advance from
customers
|
|
|
|
15,401
|
|
4,772
|
|
712
|
Salary and welfare
benefits payable
|
|
|
|
39,870
|
|
36,330
|
|
5,424
|
Short-term
borrowings
|
|
|
|
7,000
|
|
3,140
|
|
469
|
Other taxes
payable
|
|
|
|
21,822
|
|
21,702
|
|
3,240
|
Current portion of
deferred revenue
|
|
|
|
4,139
|
|
3,497
|
|
522
|
Short-term operating
lease liabilities
|
|
|
|
2,589
|
|
4,309
|
|
643
|
Guarantee
liabilities
|
|
|
|
4,073
|
|
1,617
|
|
241
|
Other current
liabilities
|
|
|
|
27,313
|
|
25,665
|
|
3,832
|
Total current
liabilities
|
|
|
|
151,784
|
|
114,214
|
|
17,051
|
Non-current portion of
deferred revenue
|
|
|
|
98
|
|
59
|
|
9
|
Long-term
borrowings
|
|
|
|
—
|
|
1,800
|
|
269
|
Deferred tax
liability
|
|
|
|
5,451
|
|
5,451
|
|
814
|
Long-term operating
lease liabilities
|
|
|
|
1,475
|
|
6,628
|
|
990
|
Other non-current
liabilities
|
|
|
|
957
|
|
743
|
|
110
|
Total non-current
liabilities
|
|
|
|
7,981
|
|
14,681
|
|
2,192
|
Total
liabilities
|
|
|
|
159,765
|
|
128,895
|
|
19,243
|
Commitments and
contingencies
|
|
|
|
|
|
|
|
|
Shareholders'
equity:
|
|
|
|
|
|
|
|
|
Class A ordinary
shares: US$0.0001 par value; 800,000,000 shares
authorized;
268,202,667 shares issued and 252,501,213 shares
outstanding as of December 31,
2021 ; US$0.0001 par value; 800,000,000 shares
authorized; 268,202,667 shares
issued and 254,276,963 shares outstanding as of June
30, 2022
|
|
|
|
182
|
|
183
|
|
28
|
Class B ordinary
shares: US$0.0001 par value; 60,000,000 shares authorized,
and
55,260,580 issued and outstanding as of December 31,
2021 and June 30, 2022
|
|
|
|
35
|
|
35
|
|
5
|
Treasury stock
(14,907,047 and 14,907,047 treasury stock as of December 31,
2021 and
June 30, 2022, respectively)
|
|
|
|
(45,886)
|
|
(45,886)
|
|
(6,851)
|
Additional paid-in
capital
|
|
|
|
1,231,135
|
|
1,236,179
|
|
184,557
|
Accumulated
deficit
|
|
|
|
(983,645)
|
|
(1,039,811)
|
|
(155,240)
|
Accumulated other
comprehensive loss
|
|
|
|
(7,408)
|
|
(7,320)
|
|
(1,093)
|
Total TuanChe
Limited shareholders' equity
|
|
|
|
194,413
|
|
143,380
|
|
21,406
|
Non-controlling
interests
|
|
|
|
(1,103)
|
|
—
|
|
—
|
Total
equity
|
|
|
|
193,310
|
|
143,380
|
|
21,406
|
TOTAL LIABILITIES
AND EQUITY
|
|
|
|
353,075
|
|
272,275
|
|
40,649
|
TUANCHE LIMITED
|
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE
LOSS
|
(All amounts in
thousands, except for share and per share data, unless
otherwise stated)
|
|
|
|
|
|
For the six months
ended June 30,
|
|
|
|
|
2021
|
|
2022
|
|
|
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
|
|
Net
revenues
|
|
|
|
|
|
|
|
|
Offline Marketing
Services:
|
|
|
|
|
|
|
|
|
Auto shows
|
|
|
|
158,129
|
|
25,229
|
|
3,767
|
Special promotion
events
|
|
|
|
1,911
|
|
429
|
|
64
|
Referral service for
commercial bank
|
|
|
|
33,509
|
|
26,482
|
|
3,954
|
Online marketing
services and others
|
|
|
|
19,778
|
|
37,071
|
|
5,535
|
Total net
revenues
|
|
|
|
213,327
|
|
89,211
|
|
13,320
|
Cost of
revenues
|
|
|
|
(51,390)
|
|
(16,955)
|
|
(2,531)
|
Gross
profit
|
|
|
|
161,937
|
|
72,256
|
|
10,789
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
Selling and marketing
expenses
|
|
|
|
(140,810)
|
|
(77,205)
|
|
(11,526)
|
General and
administrative expenses
|
|
|
|
(30,643)
|
|
(26,933)
|
|
(4,021)
|
Research and
development expenses
|
|
|
|
(17,722)
|
|
(12,374)
|
|
(1,847)
|
Total operating
expenses
|
|
|
|
(189,175)
|
|
(116,512)
|
|
(17,394)
|
Loss from
operations
|
|
|
|
(27,238)
|
|
(44,256)
|
|
(6,605)
|
Other
income/(expenses):
|
|
|
|
|
|
|
|
|
Interest income,
net
|
|
|
|
496
|
|
29
|
|
4
|
Foreign exchange
loss
|
|
|
|
246
|
|
189
|
|
28
|
Loss from equity method
investments
|
|
|
|
(220)
|
|
(215)
|
|
(32)
|
Impairment of long-term
investment
|
|
|
|
(700)
|
|
—
|
|
—
|
Impairment of
long-lived assets
|
|
|
|
—
|
|
(15,614)
|
|
(2,331)
|
Other income,
net
|
|
|
|
4,304
|
|
3,701
|
|
553
|
Loss before income
taxes
|
|
|
|
(23,112)
|
|
(56,166)
|
|
(8,383)
|
Income tax
benefit
|
|
|
|
516
|
|
—
|
|
—
|
Net
loss
|
|
|
|
(22,596)
|
|
(56,166)
|
|
(8,383)
|
Net loss
attributable to the non-controlling interests
|
|
|
|
—
|
|
—
|
|
—
|
Net loss
attributable to TuanChe Limited's ordinary
shareholders
|
|
|
|
(22,596)
|
|
(56,166)
|
|
(8,383)
|
|
|
|
|
|
|
|
|
|
Net
loss
|
|
|
|
(22,596)
|
|
(56,166)
|
|
(8,383)
|
Other comprehensive
(loss)/income:
|
|
|
|
|
|
|
|
|
Foreign currency
translation adjustments
|
|
|
|
(874)
|
|
88
|
|
13
|
Total other
comprehensive (loss)/income
|
|
|
|
(874)
|
|
88
|
|
13
|
Total comprehensive
loss
|
|
|
|
(23,470)
|
|
(56,078)
|
|
(8,370)
|
Comprehensive loss
attributable to:
|
|
|
|
|
|
|
|
|
TuanChe Limited's
shareholders
|
|
|
|
(23,470)
|
|
(56,078)
|
|
(8,370)
|
Non-controlling
interests
|
|
|
|
—
|
|
—
|
|
—
|
Net loss
attributable to the TuanChe Limited's ordinary shareholders per
share
|
|
|
|
|
|
|
|
|
Basic and
diluted
|
|
|
|
(0.07)
|
|
(0.18)
|
|
(0.03)
|
Weighted average
number of ordinary shares
|
|
|
|
|
|
|
|
|
Basic and
diluted
|
|
|
|
305,884,935
|
|
309,041,616
|
|
309,041,616
|
TUANCHE LIMITED
|
|
RECONCILIATION OF
NON-GAAP AND GAAP RESULTS
|
|
(Amount in
thousands, except share and per share data)
|
|
|
|
|
|
For the six months
ended June 30,
|
|
|
|
2021
|
|
2022
|
|
|
|
RMB
|
|
RMB
|
|
US$
|
|
Net
loss
|
|
(22,596)
|
|
(56,166)
|
|
(8,383)
|
|
Add:
|
|
|
|
|
|
|
|
Depreciation and
amortization
|
|
4,634
|
|
3,673
|
|
548
|
|
Subtract:
|
|
|
|
|
|
|
|
Interest income,
net
|
|
496
|
|
29
|
|
4
|
|
EBITDA
|
|
(18,458)
|
|
(52,522)
|
|
(7,839)
|
|
Add:
|
|
|
|
|
|
|
|
Share-based
compensation expenses
|
|
4,415
|
|
6,148
|
|
918
|
|
Change of guarantee
liability
|
|
1,542
|
|
—
|
|
—
|
|
Impairment of a
long-term investment
|
|
700
|
|
—
|
|
—
|
|
Impairment of
long-lived assets
|
|
—
|
|
15,614
|
|
2,331
|
|
Adjusted
EBITDA
|
|
(11,801)
|
|
(30,760)
|
|
(4,590)
|
|
|
|
|
|
|
|
|
|
Net
loss
|
|
(22,596)
|
|
(56,166)
|
|
(8,383)
|
|
Add:
|
|
|
|
|
|
|
|
Share-based
compensation expenses
|
|
4,415
|
|
6,148
|
|
918
|
|
Change of guarantee
liability
|
|
1,542
|
|
—
|
|
—
|
|
Impairment of a
long-term investment
|
|
700
|
|
—
|
|
—
|
|
Impairment of
long-lived assets
|
|
—
|
|
15,614
|
|
2,331
|
|
Adjusted net
loss
|
|
(15,939)
|
|
(34,404)
|
|
(5,134)
|
|
Adjusted net loss
attributable to TuanChe Limited's shareholders
|
|
(15,939)
|
|
(34,404)
|
|
(5,134)
|
|
Weighted average
number of ordinary shares
|
|
|
|
|
|
|
|
Basic and
diluted
|
|
305,884,935
|
|
309,041,616
|
|
309,041,616
|
|
Adjusted net loss
per share from operations
|
|
|
|
|
|
|
|
Basic and
diluted
|
|
(0.05)
|
|
(0.11)
|
|
(0.02)
|
|
View original
content:https://www.prnewswire.com/news-releases/tuanche-announces-unaudited-first-half-2022-financial-results-301636615.html
SOURCE TuanChe Limited