58 city for 2016 year Q4 results: a net loss of $19.7 million-city of 58,58-IT news

According to foreign reports, 58 City (New York Stock Exchange stock code: WUBA) released on Monday by the company as of December 31, 2016 for the fourth quarter and full year unaudited results. Reported 58 city quarter total revenue was $306.6 million (RMB 2.0948 billion), representing a growth of 28.5%; 58 city of belonging a net loss of $19.7 million, less than the previous year's net income of $34.4 million in the same period.

Key performance in the last quarter:

--Total revenue of $306.6 million (approximately RMB 2.0948 billion), representing a growth of 28.5%, more than company guidance expected high-end 2.09 billion yuan.

--Gross margin was 89.9%, down from 91.9% in the same period a year earlier.

--Operating income of $28.5 million, better than that of an operating loss of $73 million in the same period a year earlier.

--Not in accordance with United States generally accepted accounting principles, and operating profits of $46.7 million, OK in an operating loss of $40.1 million in the same period last year.

--Belonging to 58 city to a net loss of $19.7 million, belonging to 58 city net profit from a year earlier to $34.4 million.

--Not in accordance with United States generally accepted accounting principles, vested in 58 city's net loss was $700,000; not in accordance with United States generally accepted accounting principles, belonging to 58 a year earlier net loss of $48.5 million in the same city.

--Attributed to common shareholders per American depositary receipt of basic and diluted losses were $0.136. 58 city per American depositary receipts representing shares of class a common stock.

--Not in accordance with United States generally accepted accounting principles, attributable to common shareholders per American depositary receipt of basic and diluted loss is $0.005.

2016 main achievement:

--Total revenues of us $1.1422 billion (approximately RMB 7.5921 billion), representing a growth of 69.5%.

--Gross margin was 90.7%, down from 92.8% in the same period a year earlier.

--Operating income of $34.4 million, better than that of an operating loss of $73 million in the same period a year earlier.

--Not in accordance with United States generally accepted accounting principles, and operating profit of $46.7 million, an operating loss of $251.9 million better than a year earlier.

--Belonging to 58 city to a net loss of $117.8 million, belonging to 58 city over a year earlier net loss of $193.3 million.

--Not in accordance with United States generally accepted accounting principles, vested in 58 city to a net loss of $30.4 million; not in accordance with United States generally accepted accounting principles, belonging to 58 in the same period a year earlier net loss of $181.9 million in the same city.

--Attributed to common shareholders per American depositary receipt of basic and diluted losses were $0.821. 58 city per American depositary receipts representing shares of class a common stock.

--Not in accordance with United States generally accepted accounting principles, attributable to common shareholders per American depositary receipt of basic and diluted losses were $0.212.

58 city Yao Jinbo, Chairman and Chief Executive, said: "I'm happy to see four quarterly income of RMB exceeded expectations, for the 2016 fiscal year make full stop, recruiting business line results this quarter continued to accelerate. We will continue our deep connection platform-wide synergy between the various groups, while steadily advancing product development, improve operational efficiency and achieved solid progress. ”

58 city chief financial officer Zhou Hao said: "last quarter, we are not in accordance with United States GAAP operating profit has been upgraded to 15.2%. Operational activities net cash inflow in the quarter $93.5 million, a record. We will continue to seek business opportunities for growth and control costs, continue to improve operational efficiency and enhance profitability. ”

Four-quarter earnings analysis:

Total revenue was $306.6 million (approximately RMB 2.0948 billion), representing a $255.3 million in the same period ($ 1.6308 billion yuan) 28.5%.

Membership revenue of $118.9 million (approximately RMB 812 million), compared to $100.9 million in the same period (about 644.4 million yuan) 26%. This growth was mainly driven by increased number of paid business member. 58 city quarter paid a business member of about 2.07 million people compared with 1.755 million increase from a year earlier to 17.9%. Paying business member is purchasing the company's subscription membership service business, and its Member States remained active at any time in a particular time.

Online marketing services revenue of $174.1 million ($ 1.1894 billion yuan), up 37% from $135.9 million in the same period a year earlier. The company's online marketing services revenues rose, mainly due to the increased traffic, instant bidding results and other various online marketing services to promote.

The main business cost

Cost is $31 million, up 49.8% from $20.7 million in the same period a year earlier. That grew mainly from traffic acquisition cost, website maintenance expenses and other cost increases.

Gross profit and gross margin

Gross margin was 89.9%, down from 91.9% in the same period a year earlier. Gross profit was $275.6 million, 234.6 million dollars over the same period grew by 17.5%.

Operating expenses

Operating expenses of $247.1 million, down 19.7% from $307.5 million a year earlier.

Sales and marketing expenses of $179.2 million, a decrease of $229.9 million in the same period a year earlier to 22.1%. Among them, the ad spending of $66.6 million, less than $97.9 million in the same period a year earlier. Other selling and marketing expenses of $112.6 million, a decrease of $132 million in the same period a year earlier to 14.6%. 58 city other selling and marketing expenses, including sales, customer service, marketing teams, such as pay, benefits and commissions.

Research and development spending of $45.8 million, up 9.6% from $41.8 million in the same period a year earlier. Research and development expenses grew, mainly because newly hired researchers to develop new features and services.

General and administrative expenses of $22.1 million, a decrease of $35.8 million in the same period a year earlier to 38.4%.

Operating profit/loss

Operating profit of $28.5 million, better than that of an operating loss of $73 million in the same period a year earlier.

In accordance with US GAAP, operating income of $46.7 million, OK in an operating loss of $40.1 million in the same period last year.

Other income/expenses

Other expenditures of $53.1 million, compared to other income of $104.8 million in the same period.

Belonging to 58 city net profit/net loss

Belonging to 58 city to a net loss of $19.7 million, belonging to 58 city net profit from a year earlier to $34.4 million. Attributable to common shareholders per American depositary receipt of basic and diluted losses were $0.136. 58 city per American depositary receipts representing shares of class a common stock.

In accordance with United States generally accepted accounting principles, vested in 58 city's net loss was $700,000; not in accordance with United States generally accepted accounting principles, belonging to 58 a year earlier net loss of $48.5 million in the same city. In accordance with US GAAP, attributable to common shareholders per American depositary receipt of basic and diluted loss is $0.005.

Cash and cash equivalents, term deposits and short-term investments

As of December 31, 2016, 58 city held cash and cash equivalents, term deposits and short-term investments of $297 million.

Cash flow

Net cash flow from operating activities of $95.3 million, compared to $16.8 million for the same period.

2016 results analysis:

Total revenues of us $1.1422 billion (approximately RMB 7.5921 billion), representing a $714.8 million (approximately RMB 4.4781 billion yuan) 69.5%.

Member's earnings of $444 million (approximately RMB 2.9511 billion), compared to $297.2 million in the same period (about 1.86 billion yuan) 58.7%. This growth was mainly driven by increased number of paid business member. 58 city paid about a business member in 2016 to 1.982 million people. Paying business member is purchasing the company's subscription membership service business, and its Member States remained active at any time in a particular time.

Online marketing services revenues were $656.5 million (approximately RMB 4.3638 billion yuan), up 80.7% from $385.5 million in the same period a year earlier.

The main business cost

Cost: US $106.3 million, up 107.3% from $51.3 million in the same period a year earlier.

Gross profit and gross margin

Gross margin was 90.7%, down from 92.8% in the same period a year earlier. Gross profit was US $1.0359 billion, up 56.1% from $663.6 million a year earlier.

Operating expenses

Operating expenses $1.0015 billion compared with 915.5 million from $9.4% in the same period a year earlier.

Sales and marketing expenses to $744.4 million, up 8% from $689 million in the same period a year earlier. Among them, the ad spending of us $307.8 million, up from $289.1 million a year earlier. Other selling and marketing expenses to $436.6 million, up 9.2% from US $399.9 million a year earlier. 58 city other selling and marketing expenses, including sales, customer service, marketing teams, such as pay, benefits and commissions.

Research and development spending to $166.5 million, up 37.2% from $121.4 million in the same period a year earlier.

General and administrative expenses of $90.6 million, a decrease of us $105 million in the same period a year earlier to 13.8%.

Operating profit/loss

Operating profit of $34.4 million, better than that of an operating loss of $73 million in the same period a year earlier. In accordance with US GAAP, operating profit of $46.7 million, an operating loss of $251.9 million better than a year earlier.

Other income/expenses

Other expenditures of $158.1 million, other spending $19 million a year earlier.

Belonging to 58 city net profit/net loss

Belonging to 58 city to a net loss of $117.8 million, belonging to 58 city over a year earlier net loss of $193.3 million. Attributable to common shareholders per American depositary receipt of basic and diluted losses were $0.821. 58 city per American depositary receipts representing shares of class a common stock.

In accordance with United States generally accepted accounting principles, vested in 58 city to a net loss of $30.4 million; not in accordance with United States generally accepted accounting principles, belonging to 58 in the same period a year earlier net loss of $181.9 million in the same city. In accordance with US GAAP, attributable to common shareholders per American depositary receipt of basic and diluted losses were $0.212.

Number of shares outstanding

As of December 31, 2016, 58 City issued 289,670,997 shares (including 240,930,737 shares of class a and 48,740,260 shares of class b common stock). 58 city per American depositary receipts representing shares of class a common stock.

Business prospects

According to the company's current operations, 58 city is expected in 2017 total revenue in the first quarter from $255 million to $265 million ($ 1.785 billion yuan to 1.855 billion yuan), up 18% to 23%. Above is expected to reflect the company's current and preliminary view, and possible future changes

58同城发布2016年Q4财报：净亏损1970万美元 - 58,58同城 - IT资讯

据外电报道，58同城（纽交所证券代码：WUBA）周一发布了该公司截至2016年12月31日的第四季度及全年未经审计财报。财报显示，58同城第四季度总营收为3.066亿美元（人民币20.948亿元），较上年同期增长28.5%；归属58同城的净亏损为1970万美元，不及上年同期的净利润3440万美元。

第四季度主要业绩：

--总营收为3.066亿美元（约合人民币20.948亿元），较上年同期增长28.5%，超过人民币20.90亿元公司指导性预期的高端。

--毛利率为89.9%，低于上年同期的91.9%。

--运营利润为2850万美元，好于上年同期的运营亏损7300万美元。

--不按照美国通用会计准则，运营利润为4670万美元，好于上年同期的运营亏损4010万美元。

--归属于58同城的净亏损为1970万美元，上年同期归属于58同城的净利润为3440万美元。

--不按照美国通用会计准则，归属58同城的净亏损为70万美元；不按照美国通用会计准则，上年同期归属于58同城净亏损为4850万美元。

--归属于普通股股东的每股美国存托凭证基本和摊薄亏损均为0.136美元。58同城每股美国存托凭证代表两股A级普通股。

--不按照美国通用会计准则，归属于普通股股东的每股美国存托凭证基本和摊薄亏损均为0.005美元。

2016年主要业绩：

--总营收为11.422亿美元（约合人民币75.921亿元），较上年同期增长69.5%。

--毛利率为90.7%，低于上年同期的92.8%。

--运营利润为3440万美元，好于上年同期的运营亏损7300万美元。

--不按照美国通用会计准则，运营利润为4670万美元，好于上年同期的运营亏损2.519亿美元。

--归属于58同城的净亏损为1.178亿美元，上年同期归属于58同城的净亏损为1.933亿美元。

--不按照美国通用会计准则，归属58同城的净亏损为3040万美元；不按照美国通用会计准则，上年同期归属于58同城净亏损为1.819亿美元。

--归属于普通股股东的每股美国存托凭证基本和摊薄亏损均为0.821美元。58同城每股美国存托凭证代表两股A级普通股。

--不按照美国通用会计准则，归属于普通股股东的每股美国存托凭证基本和摊薄亏损均为0.212美元。

58同城董事长兼首席执行官姚劲波表示：“很高兴看到公司四季度人民币收入超出预期，为2016财年画下圆满的句号，招聘业务线业绩增长本季度持续加速。我们将继续深度连接全平台各个事业群之间的协同效应，同时在稳步推进产品研发、提升运营效率等方面取得了坚实的进展。”

58同城首席财务官周浩表示：“第四季度，我们不按照美国通用会计准则的运营利润已经提升到15.2%。运营活动现金净流入本季度实现9350万美元，创历史新高。我们将一如既往的寻求业务增长与控制成本的契机，持续改善运营效率，提升盈利能力。”

第四季度业绩分析：

总营收为3.066亿美元（约合人民币20.948亿元），较上年同期的2.553亿美元（约合人民币16.308亿元）增长28.5%。

会员营收为1.189亿美元（约合人民币8.120亿元），较上年同期的1.009亿美元（约合人民币6.444亿元）增长26.0%。这一增长主要受到付费商家会员数量增加的推动。58同城第四季度的付费商家会员约为207.0万人，较上年同期的175.5万增加17.9%。付费商家会员指的是购买了该公司的订阅会员服务的商家，其会员状态在特定时间内随时保持活跃。

在线市场服务营收为1.741亿美元（约合人民币11.894亿元），较上年同期的1.359亿美元增长37.0%。该公司的在线市场服务营收的同比增长，主要得益于流量增加、即时竞价效果和其它各种各样在线市场服务的推动。

主营业务成本

主营业务成本为3100万美元，较上年同期的2070万美元增长49.8%。这一同比增长主要源自流量获取成本、网站维护支出等费用的增加。

毛利润和毛利率

毛利率为89.9%，低于上年同期的91.9%。毛利润为2.756亿美元，较上年同期的2.346亿美元增长17.5%。

运营支出

运营支出为2.471亿美元，较上年同期的3.075亿美元减少19.7%。

销售和营销支出为1.792亿美元，较上年同期的2.299亿美元减少22.1%。其中，广告支出为6660万美元，不及上年同期的9790万美元。其它销售与营销支出为1.126亿美元，较上年同期的1.320亿美元减少14.6%。58同城的其它销售与营销支出，主要包括与销售、客服、营销团队相关的薪酬、福利和佣金等。

研发支出为4580万美元，较上年同期的4180万美元增长9.6%。研发支出的同比增长，主要是因为新聘用研发人员开发新功能和服务。

总务与行政支出为2210万美元，较上年同期的3580万美元减少38.4%。

运营利润/亏损

运营利润为2850万美元，好于上年同期的运营亏损7300万美元。

不按照美国通用会计准则，运营利润为4670万美元，好于上年同期的运营亏损4010万美元。

其他收益/支出

其他支出为5310万美元，上年同期的其它收益为1.048亿美元。

归属于58同城的净利润/净亏损

归属于58同城的净亏损为1970万美元，上年同期归属于58同城的净利润为3440万美元。归属于普通股股东的每股美国存托凭证基本和摊薄亏损均为0.136美元。58同城每股美国存托凭证代表两股A级普通股。

不按照美国通用会计准则，归属58同城的净亏损为70万美元；不按照美国通用会计准则，上年同期归属于58同城净亏损为4850万美元。不按照美国通用会计准则，归属于普通股股东的每股美国存托凭证基本和摊薄亏损均为0.005美元。

现金、现金等价物、定期存款和短期投资

截至2016年12月31日，58同城持有的现金及现金等价物、定期存款和短期投资2.970亿美元。

现金流

经营性活动净现金流为9530万美元，上年同期为1680万美元。

2016年业绩分析：

总营收为11.422亿美元（约合人民币75.921亿元），较上年同期的7.148亿美元（约合人民币44.781亿元）增长69.5%。

会员营收为4.440亿美元（约合人民币29.511亿元），较上年同期的2.972亿美元（约合人民币18.600亿元）增长58.7%。这一增长主要受到付费商家会员数量增加的推动。58同城2016年的付费商家会员约为198.2万人。付费商家会员指的是购买了该公司的订阅会员服务的商家，其会员状态在特定时间内随时保持活跃。

在线市场服务营收为6.565亿美元（约合人民币43.638亿元），较上年同期的3.855亿美元增长80.7%。

主营业务成本

主营业务成本为1.063亿美元，较上年同期的5130万美元增长107.3%。

毛利润和毛利率

毛利率为90.7%，低于上年同期的92.8%。毛利润为10.359亿美元，较上年同期的6.636亿美元增长56.1%。

运营支出

运营支出为10.015亿美元，较上年同期的9.155亿美元增长9.4%。

销售和营销支出为7.444亿美元，较上年同期的6.890亿美元增长8.0%。其中，广告支出为3.078亿美元，高于上年同期的2.891亿美元。其它销售与营销支出为4.366亿美元，较上年同期的3.999亿美元增长9.2%。58同城的其它销售与营销支出，主要包括与销售、客服、营销团队相关的薪酬、福利和佣金等。

研发支出为1.665亿美元，较上年同期的1.214亿美元增长37.2%。

总务与行政支出为9060万美元，较上年同期的1.050亿美元减少13.8%。

运营利润/亏损

运营利润为3440万美元，好于上年同期的运营亏损7300万美元。不按照美国通用会计准则，运营利润为4670万美元，好于上年同期的运营亏损2.519亿美元。

其他收益/支出

其他支出为1.581亿美元，上年同期的其它支出为1900万美元。

归属于58同城的净利润/净亏损

归属于58同城的净亏损为1.178亿美元，上年同期归属于58同城的净亏损为1.933亿美元。归属于普通股股东的每股美国存托凭证基本和摊薄亏损均为0.821美元。58同城每股美国存托凭证代表两股A级普通股。

不按照美国通用会计准则，归属58同城的净亏损为3040万美元；不按照美国通用会计准则，上年同期归属于58同城净亏损为1.819亿美元。不按照美国通用会计准则，归属于普通股股东的每股美国存托凭证基本和摊薄亏损均为0.212美元。

流通股数量

截至2016年12月31日，58同城已发行289,670,997股普通股（其中包括240,930,737股A级和48,740,260股B级普通股）。58同城每股美国存托凭证代表两股A级普通股。

业务展望

根据公司目前的运营状况，58同城预计2017年第一季度总营收将在2.55亿美元至2.65亿美元（约合人民币17.85亿元至人民币18.55亿元），同比增长18.0%至23.0%。以上预期反映了公司当前和初步的观点，未来有可能变动