PINTEC Announces full year 2020 Unaudited Financial Results
Pintec Technology Holdings Limited - American Depositary Shares (PT)
Company Research
Source: PR Newswire
BEIJING, April 14, 2021 /PRNewswire/ -- Pintec Technology Holdings Limited (NASDAQ: PT) ("PINTEC" or the "Company"), a leading independent technology platform enabling financial services in China, today announced its unaudited financial results for the year ended December 31, 2020.Financial Highlights for the Year Ended December 31, 2020Total revenues decreased by 70.6% to RMB378.3 million (US$58.0 million) from RMB1,285.2 million for the year ended December 31, 2019. Gross profit was RMB92.5 million (US$14.2 million) compared to RMB515.5 million for the year ended December 31, 2019. Gross margin was 24.5% compared to 40.1% for the year ended December 31, 2019. Total operating expenses decreased by 75.9% to RMB299.3 million (US$45.9million) from RMB1,244.0 million for the year ended December 31, 2019. Operating loss was RMB206.8 million (US$31.7 million) compared to RMB728.4 million for the year ended December 31, 2019. Net loss was RMB296.1 million (US$45.4 million) compared to RMB90
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