UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2017
Commission File Number: 001-36450
JD.com, Inc.
20th Floor, Building A, No. 18 Kechuang 11 Street
Yizhuang Economic and Technological Development Zone
Daxing District, Beijing 101111
The People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
EXPLANATORY NOTE
JD.com, Inc. (the “Company”) is furnishing this Form 6-K to disclose immaterial adjustments to its previously announced financial results for the three-month periods and the years ended December 31, 2015 and 2016 to reflect a revision to the Company’s foreign currency translation procedures over investments under equity method of accounting. The Company has decided to apply the translation principle for consolidation to equity method investments in accordance with U.S. GAAP, since the equity method is an extension of consolidation. The Company determined that, in the previously reported financial results, the foreign currency translation treatment on the basis difference and deferred revenue balances arising from the acquisition of certain equity method investments had not been following the same method as those for consolidated foreign subsidiaries. Subsequent to the Company’s earnings release that was furnished to the Securities and Exchange Commission on Form 6-K on March 6, 2017, the Company identified subsequent events pursuant to ASC 855 which resulted in the Company recording additional impairments in the financial statements. As a result, the previously reported net loss has been reduced by RMB 270,076 thousands and RMB 60,024 thousands for years ended December 31, 2015 and 2016, respectively, while the non-GAAP net income/(loss), non-GAAP EBITDA and cash flow has remained unchanged for both years. See Exhibit 99.1 to this Form 6-K for the updated consolidated financial information reflecting the immaterial adjustments to the consolidated financial information of the Company previously announced and furnished to the Securities and Exchange Commission on Form 6-K on March 6, 2017 resulting from foreign currency translation revisions for the years ended December 31, 2015 and 2016 and further impairments identified through subsequent events for the year ended December 31, 2016.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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JD.COM, INC. | ||
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By |
: |
/s/ Sidney Xuande Huang |
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Name |
: |
Sidney Xuande Huang |
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Title |
: |
Chief Financial Officer |
Date: May 1, 2017
Exhibit 99.1
Adjusted Fourth Quarter and Full Year 2015 and 2016 Financial Results
JD.com, Inc.
Unaudited Condensed Consolidated Balance Sheets
(In thousands)
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As of |
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December 31, |
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December 31, |
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December 31, |
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RMB |
|
RMB |
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US$ |
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ASSETS |
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Current assets |
|
|
|
|
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|
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Cash and cash equivalents |
|
17,863,868 |
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19,771,695 |
|
2,847,716 |
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Restricted cash |
|
2,114,913 |
|
4,391,955 |
|
632,573 |
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Short-term investments |
|
2,780,482 |
|
7,173,626 |
|
1,033,217 |
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Accounts receivable, net (including JD Baitiao of RMB6.7 billion and RMB14.9 billion as of December 31, 2015 and December 31, 2016, respectively) |
|
8,193,665 |
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17,464,408 |
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2,515,398 |
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Advance to suppliers |
|
927,177 |
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1,423,736 |
|
205,061 |
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Inventories, net |
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20,539,543 |
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28,909,438 |
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4,163,825 |
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Loan receivables, net |
|
3,698,488 |
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12,697,915 |
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1,828,880 |
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Investment securities and other investments |
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— |
|
11,490,369 |
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1,654,957 |
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Prepayments and other current assets |
|
1,486,441 |
|
2,198,906 |
|
316,707 |
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Amount due from related parties |
|
863,516 |
|
1,410,050 |
|
203,089 |
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Total current assets |
|
58,468,093 |
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106,932,098 |
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15,401,423 |
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Non-current assets |
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Property, equipment and software, net |
|
6,233,106 |
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7,397,029 |
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1,065,394 |
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Construction in progress |
|
1,266,992 |
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1,992,123 |
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286,925 |
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Intangible assets, net |
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5,263,983 |
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8,454,297 |
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1,217,672 |
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Land use rights, net |
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1,928,192 |
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2,447,511 |
|
352,515 |
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Goodwill |
|
29,050 |
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6,541,668 |
|
942,196 |
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Investment in equity investees |
|
8,713,219 |
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15,235,020 |
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2,194,300 |
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Investment securities and other investments |
|
1,005,831 |
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8,058,057 |
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1,160,602 |
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Other non-current assets |
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2,106,673 |
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3,315,715 |
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477,562 |
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Total non-current assets |
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26,547,046 |
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53,441,420 |
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7,697,166 |
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Total assets |
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85,015,139 |
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160,373,518 |
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23,098,589 |
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JD.com, Inc.
Unaudited Condensed Consolidated Balance Sheets
(In thousands)
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As of |
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December 31, |
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December 31, |
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December 31, |
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RMB |
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RMB |
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US$ |
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LIABILITIES |
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Current liabilities |
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Short-term borrowing |
|
3,040,209 |
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8,333,317 |
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1,200,247 |
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Nonrecourse securitization debt |
|
579,843 |
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9,389,213 |
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1,352,328 |
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Accounts payable (net of supplier financing of RMB4.7 billion and RMB7.0 billion as of December 31, 2015 and December 31, 2016, respectively) |
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29,819,341 |
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43,988,087 |
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6,335,602 |
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Advances from customers |
|
7,173,885 |
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11,632,766 |
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1,675,467 |
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Deferred revenues |
|
983,721 |
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1,221,865 |
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175,986 |
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Taxes payable |
|
103,211 |
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575,848 |
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82,939 |
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Amount due to related parties |
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104,726 |
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167,655 |
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24,147 |
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Accrued expenses and other current liabilities |
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7,178,065 |
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29,431,484 |
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4,239,015 |
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Total current liabilities |
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48,983,001 |
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104,740,235 |
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15,085,731 |
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Non-current liabilities |
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Deferred revenues |
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2,556,345 |
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2,156,835 |
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310,649 |
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Nonrecourse securitization debt |
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2,753,699 |
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4,077,627 |
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587,300 |
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Unsecured senior notes |
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— |
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6,831,012 |
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983,870 |
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Deferred tax liabilities |
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1,228 |
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907,356 |
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130,686 |
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Other non-current liabilities |
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— |
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440,670 |
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63,470 |
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Total non-current liabilities |
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5,311,272 |
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14,413,500 |
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2,075,975 |
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Total liabilities |
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54,294,273 |
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119,153,735 |
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17,161,706 |
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Redeemable non-controlling interests |
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— |
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7,056,921 |
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1,016,408 |
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SHAREHOLDERS’ EQUITY |
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Ordinary shares (US$0.00002 par value, 100,000,000 shares authorized, 2,938,709 shares issued and 2,836,444 shares outstanding as of December 31, 2016) |
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358 |
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377 |
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54 |
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Additional paid-in capital |
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48,393,126 |
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59,258,417 |
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8,534,987 |
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Statutory reserves |
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55,560 |
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132,938 |
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19,147 |
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Treasury stock |
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(3 |
) |
(5,181,880 |
) |
(746,346 |
) |
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Accumulated deficit |
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(18,420,834 |
) |
(21,860,345 |
) |
(3,148,545 |
) |
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Accumulated other comprehensive income |
|
554,826 |
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1,543,393 |
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222,295 |
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Total JD.com Inc. shareholders’ equity |
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30,583,033 |
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33,892,900 |
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4,881,592 |
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Non-controlling interests |
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137,833 |
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269,962 |
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38,883 |
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Total shareholders’ equity |
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30,720,866 |
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34,162,862 |
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4,920,475 |
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Total liabilities, redeemable non-controlling interests and shareholders’ equity |
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85,015,139 |
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160,373,518 |
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23,098,589 |
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JD.com, Inc.
Unaudited Condensed Consolidated Statements of Operations and Non-GAAP Net Income/(Loss) Per ADS
(In thousands, except per share data)
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For the three months ended |
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For the year ended |
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December 31, |
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September 30, |
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December 31, |
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December 31, |
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December 31, |
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December 31, |
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December 31, |
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RMB |
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RMB |
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RMB |
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USD |
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RMB |
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RMB |
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USD |
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Net revenues |
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Online direct sales |
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49,914,650 |
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55,172,944 |
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72,847,736 |
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10,492,256 |
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167,720,984 |
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237,701,986 |
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34,236,207 |
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Services and others |
|
4,681,363 |
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5,552,837 |
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7,341,710 |
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1,057,426 |
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13,554,441 |
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22,419,659 |
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3,229,103 |
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Total net revenues |
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54,596,013 |
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60,725,781 |
|
80,189,446 |
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11,549,682 |
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181,275,425 |
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260,121,645 |
|
37,465,310 |
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Operating expenses |
|
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Cost of revenues |
|
(46,798,500 |
) |
(51,077,961 |
) |
(67,941,173 |
) |
(9,785,564 |
) |
(157,008,329 |
) |
(220,698,727 |
) |
(31,787,228 |
) |
|
Fulfillment |
|
(4,532,210 |
) |
(5,122,940 |
) |
(6,210,851 |
) |
(894,549 |
) |
(13,920,988 |
) |
(20,950,501 |
) |
(3,017,500 |
) |
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Marketing |
|
(2,665,241 |
) |
(2,192,641 |
) |
(3,665,929 |
) |
(528,004 |
) |
(7,736,172 |
) |
(10,573,024 |
) |
(1,522,832 |
) |
|
Technology and content |
|
(1,080,054 |
) |
(1,462,600 |
) |
(1,468,084 |
) |
(211,448 |
) |
(3,453,804 |
) |
(5,380,907 |
) |
(775,012 |
) |
|
General and administrative |
|
(1,027,880 |
) |
(1,285,817 |
) |
(1,409,112 |
) |
(202,954 |
) |
(2,876,989 |
) |
(4,663,383 |
) |
(671,667 |
) |
|
Impairment of goodwill and intangible assets related to Paipai.com |
|
(2,750,129 |
) |
— |
|
— |
|
— |
|
(2,750,129 |
) |
— |
|
— |
|
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Total operating expenses |
|
(58,854,014 |
) |
(61,141,959 |
) |
(80,695,149 |
) |
(11,622,519 |
) |
(187,746,411 |
) |
(262,266,542 |
) |
(37,774,239 |
) |
|
Loss from operations |
|
(4,258,001 |
) |
(416,178 |
) |
(505,703 |
) |
(72,837 |
) |
(6,470,986 |
) |
(2,144,897 |
) |
(308,929 |
) |
|
Other income/(expenses) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Share of results of equity investees |
|
(2,756,433 |
) |
(469,603 |
) |
(1,070,367 |
) |
(154,165 |
) |
(2,852,677 |
) |
(2,785,343 |
) |
(401,173 |
) |
|
Interest income |
|
91,923 |
|
139,417 |
|
170,186 |
|
24,512 |
|
414,999 |
|
481,618 |
|
69,367 |
|
|
Interest expense |
|
(60,987 |
) |
(71,731 |
) |
(63,197 |
) |
(9,102 |
) |
(82,507 |
) |
(259,657 |
) |
(37,398 |
) |
|
Others, net |
|
(387,693 |
) |
12,812 |
|
(24,546 |
) |
(3,535 |
) |
(140,597 |
) |
1,474,055 |
|
212,308 |
|
|
Loss before tax |
|
(7,371,191 |
) |
(805,283 |
) |
(1,493,627 |
) |
(215,127 |
) |
(9,131,768 |
) |
(3,234,224 |
) |
(465,825 |
) |
|
Income tax benefits /(expenses) |
|
9,199 |
|
(2,658 |
) |
(112,818 |
) |
(16,249 |
) |
14,262 |
|
(179,500 |
) |
(25,853 |
) |
|
Net loss |
|
(7,361,992 |
) |
(807,941 |
) |
(1,606,445 |
) |
(231,376 |
) |
(9,117,506 |
) |
(3,413,724 |
) |
(491,678 |
) |
|
Net loss attributable to non-controlling interests shareholders |
|
(5,486 |
) |
(20,161 |
) |
(19,795 |
) |
(2,851 |
) |
(9,566 |
) |
(51,591 |
) |
(7,431 |
) |
|
Net income attributable to mezzanine classified non-controlling interests shareholders |
|
— |
|
133,810 |
|
136,449 |
|
19,653 |
|
— |
|
444,657 |
|
64,044 |
|
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Net loss attributable to ordinary shareholders |
|
(7,356,506 |
) |
(921,590 |
) |
(1,723,099 |
) |
(248,178 |
) |
(9,107,940 |
) |
(3,806,790 |
) |
(548,291 |
) |
|
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|
|
|
|
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|
|
|
|
|
|
|
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Non-GAAP net income/(loss) |
|
(661,664 |
) |
268,996 |
|
546,099 |
|
78,658 |
|
(860,055 |
) |
1,000,426 |
|
144,092 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net income/(loss) attributable to ordinary shareholders |
|
(656,178 |
) |
289,157 |
|
565,894 |
|
81,509 |
|
(850,489 |
) |
1,052,017 |
|
151,523 |
|
JD.com, Inc.
Unaudited Condensed Consolidated Statements of Operations and Non-GAAP Net Income/(Loss) Per ADS
(In thousands, except per share data)
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Three months ended |
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For the year ended |
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|
December 31, |
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September 30, |
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December 31, |
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December 31, |
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December 31, |
|
December 31, |
|
December 31, |
|
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|
RMB |
|
RMB |
|
RMB |
|
USD |
|
RMB |
|
RMB |
|
USD |
|
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Net loss per share: |
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Basic |
|
(2.69 |
) |
(0.32 |
) |
(0.61 |
) |
(0.09 |
) |
(3.33 |
) |
(1.36 |
) |
(0.20 |
) |
|
Diluted |
|
(2.69 |
) |
(0.32 |
) |
(0.61 |
) |
(0.09 |
) |
(3.33 |
) |
(1.36 |
) |
(0.20 |
) |
|
|
|
|
|
|
|
|
|
|
|
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|
Net loss per ADS: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
(5.38 |
) |
(0.64 |
) |
(1.22 |
) |
(0.18 |
) |
(6.66 |
) |
(2.71 |
) |
(0.39 |
) |
|
Diluted |
|
(5.38 |
) |
(0.64 |
) |
(1.22 |
) |
(0.18 |
) |
(6.66 |
) |
(2.71 |
) |
(0.39 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net income/(loss) per ADS(1): |
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
(0.48 |
) |
0.20 |
|
0.40 |
|
0.06 |
|
(0.62 |
) |
0.75 |
|
0.11 |
|
|
Diluted |
|
(0.48 |
) |
0.20 |
|
0.39 |
|
0.06 |
|
(0.62 |
) |
0.74 |
|
0.11 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of shares: |
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
2,736,515 |
|
2,879,201 |
|
2,834,273 |
|
2,834,273 |
|
2,735,034 |
|
2,804,768 |
|
2,804,768 |
|
|
Diluted |
|
2,736,515 |
|
2,879,201 |
|
2,834,273 |
|
2,834,273 |
|
2,735,034 |
|
2,804,768 |
|
2,804,768 |
|
|
Diluted (non-GAAP) |
|
2,736,515 |
|
2,914,658 |
|
2,874,359 |
|
2,874,359 |
|
2,735,034 |
|
2,851,901 |
|
2,851,901 |
|
(1) Non-GAAP basic net income/(loss) per share is calculated by dividing non-GAAP net income/(loss) attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the periods. Non-GAAP diluted net income/(loss) per share is calculated by dividing non-GAAP net income/(loss) attributable to ordinary shareholders by the weighted average number of ordinary shares and dilutive potential ordinary shares outstanding during the periods, including the dilutive effect of share-based awards as determined under the treasury stock method. Non-GAAP net income/(loss) per ADS is equal to non-GAAP net income/(loss) per share multiplied by two.
JD.com, Inc.
Reconciliation of GAAP and Non-GAAP Results
(In thousands, except percentage data)
|
|
|
For the three months ended |
|
For the year ended |
| ||||||||||
|
|
|
December 31, |
|
September 30, |
|
December 31, |
|
December 31, |
|
December 31, |
|
December 31, |
|
December 31, |
|
|
|
|
RMB |
|
RMB |
|
RMB |
|
USD |
|
RMB |
|
RMB |
|
USD |
|
|
Net revenues |
|
54,596,013 |
|
60,725,781 |
|
80,189,446 |
|
11,549,682 |
|
181,275,425 |
|
260,121,645 |
|
37,465,310 |
|
|
Less: Cost of revenues |
|
(46,798,500 |
) |
(51,077,961 |
) |
(67,941,173 |
) |
(9,785,564 |
) |
(157,008,329 |
) |
(220,698,727 |
) |
(31,787,228 |
) |
|
Gross profit |
|
7,797,513 |
|
9,647,820 |
|
12,248,273 |
|
1,764,118 |
|
24,267,096 |
|
39,422,918 |
|
5,678,082 |
|
|
Reversal of: Revenue from business cooperation arrangements with equity investees |
|
(176,520 |
) |
(235,791 |
) |
(191,943 |
) |
(27,645 |
) |
(508,821 |
) |
(863,775 |
) |
(124,410 |
) |
|
Non-GAAP gross profit |
|
7,620,993 |
|
9,412,029 |
|
12,056,330 |
|
1,736,473 |
|
23,758,275 |
|
38,559,143 |
|
5,553,672 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from operations |
|
(4,258,001 |
) |
(416,178 |
) |
(505,703 |
) |
(72,837 |
) |
(6,470,986 |
) |
(2,144,897 |
) |
(308,929 |
) |
|
Reversal of: Revenue from business cooperation arrangements with equity investees |
|
(176,520 |
) |
(235,791 |
) |
(191,943 |
) |
(27,645 |
) |
(508,821 |
) |
(863,775 |
) |
(124,410 |
) |
|
Add: Share-based compensation |
|
478,086 |
|
602,004 |
|
736,531 |
|
106,083 |
|
1,193,945 |
|
2,343,785 |
|
337,575 |
|
|
Add: Amortization of intangible assets resulting from assets and business acquisitions |
|
366,204 |
|
450,992 |
|
450,730 |
|
64,920 |
|
1,451,347 |
|
1,621,377 |
|
233,527 |
|
|
Add: Impairment of goodwill, intangible assets |
|
2,750,129 |
|
— |
|
— |
|
— |
|
2,750,129 |
|
— |
|
— |
|
|
Non-GAAP income/(loss) from operations |
|
(840,102 |
) |
401,027 |
|
489,615 |
|
70,521 |
|
(1,584,386 |
) |
956,490 |
|
137,763 |
|
|
Add: Depreciation and amortization excluding amortization of intangible assets resulting from assets and business acquisitions |
|
374,405 |
|
531,316 |
|
569,491 |
|
82,022 |
|
1,167,714 |
|
2,011,969 |
|
289,784 |
|
|
Non-GAAP EBITDA |
|
(465,697 |
) |
932,343 |
|
1,059,106 |
|
152,543 |
|
(416,672 |
) |
2,968,459 |
|
427,547 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net revenues |
|
54,596,013 |
|
60,725,781 |
|
80,189,446 |
|
11,549,682 |
|
181,275,425 |
|
260,121,645 |
|
37,465,310 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP operating margin |
|
-1.5 |
% |
0.7 |
% |
0.6 |
% |
0.6 |
% |
-0.9 |
% |
0.4 |
% |
0.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP EBITDA margin |
|
-0.9 |
% |
1.5 |
% |
1.3 |
% |
1.3 |
% |
-0.2 |
% |
1.1 |
% |
1.1 |
% |
JD.com, Inc.
Reconciliation of GAAP and Non-GAAP Results
(In thousands, except percentage data)
|
|
|
For the three months ended |
|
For the year ended |
| ||||||||||
|
|
|
December 31, |
|
September 30, |
|
December 31, |
|
December 31, |
|
December 31, |
|
December 31, |
|
December 31, |
|
|
|
|
RMB |
|
RMB |
|
RMB |
|
USD |
|
RMB |
|
RMB |
|
USD |
|
|
Net loss |
|
(7,361,992 |
) |
(807,941 |
) |
(1,606,445 |
) |
(231,376 |
) |
(9,117,506 |
) |
(3,413,724 |
) |
(491,678 |
) |
|
Add: Share-based compensation |
|
478,086 |
|
602,004 |
|
736,531 |
|
106,083 |
|
1,193,945 |
|
2,343,785 |
|
337,575 |
|
|
Add: Amortization of intangible assets resulting from assets and business acquisitions |
|
366,204 |
|
450,992 |
|
450,730 |
|
64,920 |
|
1,451,347 |
|
1,621,377 |
|
233,527 |
|
|
Add: Reconciling items on earning from equity method investments(2) |
|
85,680 |
|
157,048 |
|
206,974 |
|
29,810 |
|
174,102 |
|
539,325 |
|
77,679 |
|
|
Add: Impairment of goodwill, intangible assets and investments |
|
5,946,878 |
|
122,530 |
|
970,626 |
|
139,800 |
|
5,946,878 |
|
2,054,384 |
|
295,893 |
|
|
Reversal of: Revenue from business cooperation arrangements with equity investees |
|
(176,520 |
) |
(235,791 |
) |
(191,943 |
) |
(27,645 |
) |
(508,821 |
) |
(863,775 |
) |
(124,410 |
) |
|
Reversal of: Gain on disposals of investments and business |
|
— |
|
— |
|
— |
|
— |
|
— |
|
(1,227,760 |
) |
(176,834 |
) |
|
Reversal of: Income from non-compete agreement |
|
— |
|
(19,846 |
) |
(20,374 |
) |
(2,934 |
) |
— |
|
(53,186 |
) |
(7,660 |
) |
|
Non-GAAP net income/(loss) |
|
(661,664 |
) |
268,996 |
|
546,099 |
|
78,658 |
|
(860,055 |
) |
1,000,426 |
|
144,092 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net revenues |
|
54,596,013 |
|
60,725,781 |
|
80,189,446 |
|
11,549,682 |
|
181,275,425 |
|
260,121,645 |
|
37,465,310 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net margin |
|
-1.2 |
% |
0.4 |
% |
0.7 |
% |
0.7 |
% |
-0.5 |
% |
0.4 |
% |
0.4 |
% |
(2) For the fourth quarter of 2016, the reconciling items on the share of equity method investments included the impact of share-based compensation of RMB17.6 million, amortization of intangible assets resulting from assets and business acquisitions of RMB86.8 million, share of amortization of equity investments’ intangibles not on their books of RMB38.4 million, and net income attributable to mezzanine equity holder of RMB64.2 million. For the full year of 2016, the reconciling items on the share of equity method investments included the impact of share-based compensation of RMB53.5 million, amortization of intangible assets resulting from assets and business acquisitions of RMB256.2 million, share of amortization of equity investments’ intangibles not on their books of RMB123.4 million, and net income attributable to mezzanine equity holder of RMB106.2 million. Earning from equity method investments in publicly listed companies and certain privately held companies is recorded one quarter in arrears.
JD.com, Inc.
Reconciliation of GAAP and Non-GAAP Results
(In thousands)
|
|
|
For the three months ended |
|
For the year ended |
| ||||||||||
|
|
|
December 31, |
|
September 30, |
|
December 31, |
|
December 31, |
|
December 31, |
|
December 31, |
|
December 31, |
|
|
|
|
RMB |
|
RMB |
|
RMB |
|
USD |
|
RMB |
|
RMB |
|
USD |
|
|
Net loss attributable to ordinary shareholders |
|
(7,356,506 |
) |
(921,590 |
) |
(1,723,099 |
) |
(248,178 |
) |
(9,107,940 |
) |
(3,806,790 |
) |
(548,291 |
) |
|
Add: Non-GAAP adjustments to net loss(3) |
|
6,700,328 |
|
1,076,937 |
|
2,152,544 |
|
310,034 |
|
8,257,451 |
|
4,414,150 |
|
635,770 |
|
|
Add: Net income attributable to mezzanine classified non-controlling interests shareholders |
|
— |
|
133,810 |
|
136,449 |
|
19,653 |
|
— |
|
444,657 |
|
64,044 |
|
|
Non-GAAP net income/(loss) attributable to ordinary shareholders |
|
(656,178 |
) |
289,157 |
|
565,894 |
|
81,509 |
|
(850,489 |
) |
1,052,017 |
|
151,523 |
|
(3) See the table above about the reconciliation of net loss to non-GAAP net income/(loss) for more information of these non-GAAP adjustments.