SHANGHAI, China, Aug. 22, 2022 (GLOBE NEWSWIRE) — Dada Nexus Restricted (NASDAQ: DADA, “Dada” or the “Firm”), China’s main native on-demand supply and retail platform, at the moment introduced its unaudited monetary outcomes for the second quarter ended June 30, 2022.

Second Quarter 2022 Highlights

• Whole web revenues within the second quarter had been RMB2,281.1 million.

• Whole Gross Merchandise Quantity (“GMV”) of JDDJ for the twelve months ended June 30, 2022 was RMB54.6 billion, a rise of 68.9% 12 months over 12 months from RMB32.Three billion in the identical interval of 2021.

• Variety of lively shoppers for the twelve months ended June 30, 2022 was 72.Eight million, as in contrast with 51.Three million in the identical interval of 2021.

“With belief from companions and powerful digitalization capabilities, Dada is uniquely positioned within the altering consumption setting,” mentioned Mr. Philip Kuai, Chairman and Chief Govt Officer of Dada. “We’re proud to ship stable outcomes amid macro uncertainties, because of the invaluable help from our workers, clients, and strategic companions. Using on the consumption pattern in direction of on-demand procuring and leveraging our dual-engine enterprise comprising JDDJ and Dada Now, we’re effectively ready to go for a brighter future.”

“Native on-demand retail and supply service represents one of many greatest alternatives on this period,” mentioned Mr. Jeff He, incoming President of Dada. “Becoming a member of palms with JD.com, we are going to leverage our respective strengths to steer the trade progress, whereas exploring revolutionary fashions to enhance effectivity and buyer expertise for the entire retail sector.”

“It’s encouraging to see spectacular income progress and important progress in direction of profitability,” mentioned Mr. Beck Chen, Chief Monetary Officer of Dada. “Within the second quarter, Dada continued to ship robust top-line progress with income rising by 55% 12 months over 12 months. Within the meantime, our web margin improved by 18 share factors 12 months over 12 months, marking a exceptional milestone in our path to profitability. Going ahead, we are going to keep dedicated to empowering companions, streamlining operations, and driving our enterprise progress in a sustainable approach.”

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Second Quarter 2022 Monetary Outcomes        

Whole web revenues had been RMB2,281.1 million.

Notice:
(1) Contains web revenues from (i) fee price, and internet advertising and advertising companies of RMB510,417 and RMB897,223 for the three months ended June 30, 2021 and 2022, respectively; and (ii) achievement companies and others of RMB370,673 and RMB563,389 for the three months ended June 30, 2021 and 2022, respectively.

• Web revenues generated from Dada Now elevated by 37.4% from RMB593.5 million within the second quarter of 2021 to RMB815.6 million within the second quarter of 2022, primarily pushed by the will increase so as quantity of intra-city supply service to chain retailers.

• Web revenues generated from JDDJ elevated by 66.3% from RMB881.1 million within the second quarter of 2021 to RMB1,465.5 million within the second quarter of 2022, primarily as a result of enhance in GMV from the identical quarter final 12 months, which was pushed by will increase within the variety of lively shoppers and common order measurement. The rise in on-line advertising companies income on account of the rising promotional actions launched by model homeowners and retailers additionally contributed to the increment of the web revenues generated from JDDJ.

Whole prices and bills had been RMB2,909.Three million, in contrast with RMB2,205.Eight million in the identical quarter of 2021.

• Operations and help prices had been RMB1,431.Three million, in contrast with RMB1,136.5 million in the identical quarter of 2021. The rise was primarily as a consequence of a rise in rider value on account of rising order quantity for intra-city supply companies supplied to numerous chain retailers on the Dada Now platform and retailers on the JDDJ platform.

• Promoting and advertising bills had been RMB1,190.2 million, in contrast with RMB824.2 million in the identical quarter of 2021. The rise was primarily as a consequence of (i) rising incentives to JDDJ shoppers, (ii) a rise in promoting and advertising bills to draw new shoppers to JDDJ platform, and (iii) amortization of the enterprise cooperation settlement (“BCA”) in reference to the share subscription transaction with JD.com in February 2022.

• Normal and administrative bills had been RMB99.9 million, in contrast with RMB100.1 million in the identical quarter of 2021. The measure was flat primarily as a consequence of environment friendly expense management measures.

• Analysis and growth bills had been RMB160.Zero million, in contrast with RMB132.Three million in the identical quarter of 2021. The rise was primarily attributable to the rise in analysis and growth personnel value because the Firm continues to strengthen its technological capabilities.

Loss from operations was RMB608.7 million, in contrast with RMB665.Eight million in the identical quarter of 2021.

Non-GAAP loss from operations¹ was RMB424.2 million, in contrast with RMB573.Three million in the identical quarter of 2021.

Web loss was RMB578.Eight million, in contrast with RMB640.Four million in the identical interval of 2021.

Non-GAAP web loss² was RMB395.6 million, in contrast with RMB549.2 million in the identical interval of 2021.

Web loss attributable to bizarre shareholders of Dada was RMB578.Eight million, in contrast with RMB640.Four million in the identical quarter of 2021.

Non-GAAP web loss attributable to bizarre shareholders of Dada³ was RMB395.6 million, in contrast with RMB549.2 million in the identical quarter of 2021.

Primary and diluted web loss per share was RMB0.60, in contrast with RMB0.67 for the second quarter of 2021.

Non-GAAP fundamental and diluted web loss per share⁴ was RMB0.41, in contrast with RMB0.58 for the second quarter of 2021.

As of June 30, 2022, the Firm had RMB4,350.2 million in money, money equivalents, restricted money and short-term investments, a rise from RMB1,764.Eight million as of December 31, 2021.

Pursuant to our US$70 million share repurchase program introduced in March 2022, as of June 30, 2022, we had repurchased roughly US$32.7 million of ADSs below this repurchase program.

Atmosphere, Social Accountability and Company Governance

The Firm continued to execute its ESG technique in a dedicated and proactive approach:

• On the finish of June, the Firm launched its first ESG report after endeavor important analysis to determine the ESG points that matter most to its stakeholders. The Firm supplied particulars on its ESG efforts and efficiency within the areas of governance, human sources growth, high quality services and products, accomplice empowerment, environmentally pleasant initiatives, and social care dedication. In the meantime, the Firm stays dedicated to constantly implementing its sustainable growth technique.

• Throughout the second quarter, the Firm actively cooperated with native governmental authorities in Shanghai, Beijing and different cities affected by COVID-19 resurgence to take care of the availability of every day requirements, leveraging its strengths as an on-demand retail and supply platform to completely embrace social tasks. In June, the Firm acquired an appreciation letter from Shanghai Municipal Fee of Commerce, which acknowledged the Firm’s important contribution to the battle in opposition to COVID-19 resurgence in Shanghai.

• In July, the Firm launched the 2022 “Summer time Cooling Plan”, marking the sixth consecutive 12 months to hold out summer time care applications for its riders. Below this system, the Firm supplied heatstroke prevention supplies together with quick-dry garments, ice sleeves and water bottles to the riders, and carried out nationwide offline panels for riders’ suggestions and experience-sharing. As well as, the Firm participated within the “Mutual Help Safety Scheme for Staff in New Types of Employment” launched by Shanghai Federation of Commerce Unions to offer riders with sure insurance coverage protection without cost.

• The Firm continues to assist particular teams such because the aged and the disabled to benefit from the handy companies enabled by digital expertise in healthcare and different fields. After passing the aging-friendly and barrier-free evaluation launched by the Ministry of Trade and Data Expertise earlier this 12 months, JDDJ App was highlighted as a case research on aging-friendly and barrier-free approaches within the “White Paper on Data Accessibility (2022)” launched by the China Academy of Data and Communications Expertise in Might 2022.

Enterprise Outlook

For the third quarter of 2022, Dada expects complete income to be between RMB2,350 million and RMB2,450 million, representing year-over-year progress of 39% to 45%. This outlook relies on info obtainable as of the date of this press launch and displays the Firm’s present and preliminary expectations, that are topic to alter in gentle of varied uncertainties, together with these associated to the continued COVID-19 pandemic.

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1 Non-GAAP loss from operations represents loss from operations excluding the influence of share-based compensation bills and amortization of intangible property ensuing from enterprise acquisition.
2 Non-GAAP web loss represents web loss excluding the influence of share-based compensation bills, amortization of intangible property ensuing from enterprise acquisitions and tax profit from amortization of such intangible property.
Three Non-GAAP web loss attributable to bizarre shareholders of Dada is web loss attributable to bizarre shareholders of Dada excluding the influence of share-based compensation bills, amortization of intangible property ensuing from enterprise acquisition and tax profit from amortization of such intangible property.
Four Non-GAAP web loss per share is non-GAAP web loss attributable to bizarre shareholders of Dada divided by weighted common variety of shares utilized in calculating web loss per share.

Convention Name

The Firm will host a convention name to debate the earnings at 9:30 p.m. Japanese Time on Monday, Aug 22, 2022 (9:30 a.m. Beijing time on Tuesday, Aug 23, 2022).

Please register prematurely of the convention utilizing the hyperlink supplied beneath and dial in 10 minutes previous to the decision.

PRE-REGISTER LINK: https://s1.c-conf.com/diamondpass/10024407-sdmfs22.html

Upon registration, every participant will obtain particulars for the convention name, together with dial-in numbers, convention name passcode and a novel entry PIN. To affix the convention, please dial the quantity supplied, enter the passcode adopted by your PIN, and you’ll be part of the convention.

A phone replay of the decision will likely be obtainable after the conclusion of the convention name by Aug 29, 2022.

A dwell and archived webcast of the convention name will likely be obtainable on the Investor Relations part of Dada’s web site at https://ir.imdada.cn/.

Use of Non-GAAP Monetary Measures

The Firm additionally makes use of sure non-GAAP monetary measures in evaluating its enterprise. For instance, the Firm makes use of non-GAAP revenue/(loss) from operations, non-GAAP working margin, non-GAAP web revenue/(loss), non-GAAP web margin, non-GAAP web revenue/(loss) attributable to bizarre shareholders of Dada and non-GAAP web revenue/(loss) attributable to bizarre shareholders of Dada per share as supplemental measures to evaluate and assess its monetary and working efficiency. The presentation of those non-GAAP monetary measures isn’t meant to be thought of in isolation, or as an alternative choice to the monetary info ready and introduced in accordance with U.S. GAAP. Non-GAAP revenue/(loss) from operations is revenue/(loss) from operations excluding the influence of share-based compensation bills and amortization of intangible property ensuing from enterprise acquisition. Non-GAAP working margin is non-GAAP revenue/(loss) from operations as a share of complete web revenues. Non-GAAP web revenue/(loss) is web revenue/(loss) excluding the influence of share-based compensation bills, amortization of intangible property ensuing from enterprise acquisition and tax profit from amortization of such intangible property. Non-GAAP web margin is non-GAAP web revenue/(loss) as a share of complete web revenues. Non-GAAP web revenue/(loss) attributable to bizarre shareholders of Dada is web revenue/(loss) attributable to bizarre shareholders of Dada excluding the influence of share-based compensation bills, amortization of intangible property ensuing from enterprise acquisition and tax profit from amortization of such intangible property. Non-GAAP web revenue/(loss) attributable to bizarre shareholders of Dada per share is non-GAAP web revenue/(loss) attributable to bizarre shareholders of Dada divided by weighted common variety of shares utilized in calculating web revenue/(loss) per share.

The Firm presents the non-GAAP monetary measures as a result of they’re utilized by the Firm’s administration to guage the Firm’s monetary and working efficiency and formulate enterprise plans. Non-GAAP revenue/(loss) from operations and non-GAAP web revenue/(loss) allow the Firm’s administration to evaluate the Firm’s monetary and working outcomes with out contemplating the influence of share-based compensation bills, amortization of intangible property ensuing from enterprise acquisition and tax profit from amortization of such intangible property. The Firm additionally believes that using the non-GAAP measures facilitates traders’ evaluation of the Firm’s monetary and working efficiency.

The non-GAAP monetary measures should not outlined below U.S. GAAP and should not introduced in accordance with U.S. GAAP. The non-GAAP monetary measures have limitations as analytical instruments. One of many key limitations of utilizing non-GAAP revenue/(loss) from operations, non-GAAP web revenue/(loss), non-GAAP web revenue/(loss) attributable to bizarre shareholders of Dada, and non-GAAP web revenue/(loss) attributable to bizarre shareholders of Dada per share is that they don’t replicate all objects of revenue and expense that have an effect on the Firm’s operations. Share-based compensation bills, amortization of intangible property ensuing from enterprise acquisition and tax profit from amortization of such intangible property have been and will proceed to be incurred within the Firm’s enterprise and isn’t mirrored within the presentation of non-GAAP revenue/(loss) from operations, non-GAAP web revenue/(loss), non-GAAP web revenue/(loss) attributable to bizarre shareholders of Dada, and non-GAAP web revenue/(loss) attributable to bizarre shareholders of Dada per share. Additional, the non-GAAP measures might differ from the non-GAAP measures utilized by different firms, together with peer firms, doubtlessly limiting the comparability of their monetary outcomes to the Firm’s. In gentle of the foregoing limitations, the non-GAAP revenue/(loss) from operations, non-GAAP working margin, non-GAAP web revenue/(loss), non-GAAP web margin, non-GAAP web revenue/(loss) attributable to bizarre shareholders of Dada and non-GAAP web revenue/(loss) attributable to bizarre shareholders of Dada per share for the interval shouldn’t be thought of in isolation from or as an alternative choice to revenue/(loss) from operations, working margin, web revenue/(loss), web margin, web revenue/(loss) attributable to bizarre shareholders of Dada and web revenue/(loss) attributable to bizarre shareholders of Dada per share, or different monetary measures ready in accordance with U.S. GAAP.

The Firm compensates for these limitations by reconciling the non-GAAP monetary measures to the closest U.S. GAAP efficiency measures, which needs to be thought of when evaluating the Firm’s efficiency. For reconciliations of those non-GAAP monetary measures to probably the most instantly comparable GAAP monetary measures, please see the part of the accompanying tables titled, “Reconciliations of GAAP and Non-GAAP Outcomes.”

Ahead-Trying Statements

This press launch incorporates statements which will represent “forward-looking” statements pursuant to the “protected harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements might be recognized by terminology equivalent to “will,” “expects,” “anticipates,” “goals,” “future,” “intends,” “plans,” “believes,” “estimates,” “prone to” and related statements. Amongst different issues, quotations on this announcement, comprise forward-looking statements. Dada might also make written or oral forward-looking statements in its periodic stories to the U.S. Securities and Trade Fee (the “SEC”), in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or workers to 3rd events. Statements that aren’t historic info, together with statements about Dada’s beliefs, plans and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Quite a lot of components might trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: Dada’s methods; Dada’s future enterprise growth, monetary situation and outcomes of operations; Dada’s means to take care of its relationship with main strategic traders; its means to offer environment friendly on-demand supply companies and supply high quality on-demand retail expertise; its means to take care of and improve the popularity and popularity of its manufacturers; normal financial and enterprise circumstances globally and in China and assumptions underlying or associated to any of the foregoing. Additional info relating to these and different dangers is included in Dada’s filings with the SEC. All info supplied on this press launch is as of the date of this press launch, and Dada doesn’t undertake any obligation to replace any forward-looking assertion, besides as required below relevant legislation.

About Dada

Dada is a number one platform of native on-demand retail and supply in China. It operates JDDJ, one among China’s largest native on-demand retail platforms for retailers and model homeowners, and Dada Now, a number one native on-demand supply platform open to retailers and particular person senders throughout numerous industries and product classes. The Firm’s two platforms are inter-connected and mutually helpful. The Dada Now platform permits improved supply expertise for individuals on the JDDJ platform by its readily accessible achievement options and powerful on-demand supply infrastructure. In the meantime, the huge quantity of on-demand supply orders from the JDDJ platform will increase order quantity and density for the Dada Now platform.

For extra info, please go to https://ir.imdada.cn/.

For investor inquiries, please contact:

Dada Nexus Restricted
Ms. Caroline Dong
E-mail: ir@imdada.cn

Christensen

In China
Mr. Rene Vanguestaine
Cellphone: +86-178-1749 0483
E-mail: rvanguestaine@christensenir.com

In US
Ms. Linda Bergkamp
Cellphone: +1-480-614-3004
E-mail: lbergkamp@christensenir.com

For media inquiries, please contact:

Dada Nexus Restricted
E-mail: PR@imdada.cn

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