Navigating Through Auto Market And COVID-19 Pandemic Challenge With New Online Initiatives
TuanChe Limited - American Depositary Shares (TC)
Company Research
Source: PR Newswire
NEW YORK, April 15, 2020 /PRNewswire/ -- TuanChe Limited (Nasdaq: TC) For the full year 2019, the Company's net revenues decreased slightly by 1% YoY to ~RMB645 million (US$92.6 million,) with annual number of auto sales transactions facilitated increased by 2% YoY, outperforming the annual decline of ~8% for the overall auto industry in China, where December marked the 18th consecutive month of a year-over-year decline in industry-wide passenger car sales in China. TuanChe's average gross margin remained flat YoY at 71.1%. However alongside the continued challenging auto market condition, including slowing economy, the consequent weakening consumption power and increasingly stringent regulation on emission, TuanChe reported a YoY decline of ~19% in net revenues of ~RMB183 million (US$26.3 million) in the 4th quarter of 2019, in-line with the management's guidance of a YoY decline of 16% - 20.5%. The decline was mainly attributed to the year-over-year decline of ~20%% from the offline
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News
- PARA, AMC among major communication services gainers; NFLX, TC among losers [Seeking Alpha]Seeking Alpha
- TuanChe Files Its Annual Report on Form 20-FPR Newswire
- TuanChe regains Nasdaq minimum price compliance [Seeking Alpha]Seeking Alpha
- TuanChe Has Regained Compliance with Nasdaq's Minimum Bid Price Requirement [Yahoo! Finance]Yahoo! Finance
- TuanChe Has Regained Compliance with Nasdaq's Minimum Bid Price RequirementPR Newswire
TC
Sec Filings
- 5/3/24 - Form 6-K
- 3/28/24 - Form 20-F
- 2/14/24 - Form 6-K
- TC's page on the SEC website