TuanChe Announces Unaudited Fourth Quarter and Full Year 2019 Financial Results
TuanChe Limited - American Depositary Shares (TC)
Company Research
Source: PR Newswire
BEIJING, April 15, 2020 /PRNewswire/ -- TuanChe Limited ("TuanChe" or the "Company") (NASDAQ: TC), a leading omni-channel automotive marketplace in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2019. Key Fourth Quarter 2019 Financial and Operating Metrics Compared with the Prior Year Period Net revenues decreased by 19.3% to RMB182.8 million (US$26.3 million) from RMB226.4 million. Gross profit decreased by 19.1% to RMB132.1 million (US$19.0 million) from RMB163.3 million. Gross margin increased to 72.3% from 72.1%. Quarterly number of auto shows organized decreased by 3.0% to 321 in 149 cities from 331 auto shows in 167 cities across China. A total of 269 special promotion events were organized during the quarter. Quarterly number of automobile sales transactions facilitated decreased by 13.0% to 102,472 from 117,744, and the quarterly Gross Merchandise Volume ("GMV") of new automobiles sold decreased by 16.1% to RMB13.
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Sec Filings
- 5/13/24 - Form 6-K
- 5/3/24 - Form 6-K
- 3/28/24 - Form 20-F
- TC's page on the SEC website