58 revenue in the same city last year was 155.8% ten percent, an annual increase of 18.6%

58 revenue in the same city last year was 155.8% ten percent, an annual increase of 18.6%
On March 12, Beijing time, 58 Tongcheng (NYSE: WUBA) announced the financial report of the audit conducted as of December 31, 2019, the fourth quarter and 2019.The financial report shows that 58 cities in the fourth quarter achieved revenue of 41.600 million yuan (6.$ 100 million), an increase of 15 years.1%.58 The same city will achieve revenue 155 in 2019.800 million yuan (22.$ 300 million), an annual increase of 18.6%; gross profit is 137.800 million yuan (19.800 million US dollars), an increase of 17 years.8%.At the same time, 58 cities still maintained 88.5% gross margin level.The net profit attributable to ordinary shareholders of 58 in the fourth quarter was 58.100 million yuan (3.700 million US dollars), an annual increase of 535.1%, non-US accounting standards attributed to ordinary shareholders net profit of 48.800 million yuan (7.$ 0 billion), an annual increase of 544.9%.Excluding the investment income from the sale of many shares of the car and the payment expenses that should be borne, the non-US accounting net profit in the fourth quarter was 10.800 million yuan (1.500 million US dollars), still growing 42 a year.9%.The financial report shows that in the fourth quarter of 2019, 58 cities, Anjuke and other platforms have about 3.3 million merchants, and membership services have contributed 11.One billion yuan (1.600 million US dollars) revenue, online promotion services achieved revenue 27 this quarter.100 million yuan (3.US $ 900 million), the renminbi has grown by 19 years.3%.Its growth mainly comes from 58 cities, Anjuke online promotion services (such as real-time bidding system) growth and efficiency improvement.58 The financial report of the 2019 preliminary audit disclosed by the same city showed that the operating profit in 2019 was 28.500 million yuan (4.100 million US dollars), an increase of 19 years.5%, non-US accounting operating profit is 36.RMB 0 billion (5.200 million US dollars), an increase of 18 years.0%.In 2019, net operating cash inflow will be 43.500 million yuan (6.200 million US dollars).At the end of December 2019, cash and cash equivalents, budget funds, time deposits and short-term investments totaled 142.500 million yuan (20.400 million US dollars).The net profit attributable to ordinary shareholders is 82.800 million yuan (11.$ 900 million), an annual increase of 314.5%, net profit attributable to ordinary shareholders of non-US accounting standards is 79.800 million yuan (11.400 million US dollars), an increase of 193 in ten years.0%.Excluding the investment income from the sale of many shares of the car and the payment of the expenses payable, the net profit of the non-US accounting standards for the same city in 2019 is 36.RMB 0 billion (5.200 million US dollars), an annual increase of 32.4%.At the end of 2019, at the same city of 58, Anjuke provided platform real estate brokerage companies and brokers with a value of over 200 million traffic. The new house business online has covered 640 cities, and the multi-city market share exceeds 50%.Development companies establish cooperative relations.A total of 7 million virtual reality VR panoramas were gradually released, the average number of clicks increased by 153%, and the average length of stay per room increased by 600%.58 City Chairman and CEO Yao Jinbo said: “Although the macroeconomic environment is full of challenges, the city of 58 still achieved 41 in the fourth quarter.Revenue of US $ 6 trillion exceeded the expected upper limit and reached 155.8 trillion in revenue grows by 18 each year.6%.Our core APP-side traffic continues to grow steadily and continues to exceed revenue growth.The non-US accounting operating profit margin for 2019 continues to remain very healthy23.At the same time, at the same time, 58 Tongcheng continues to invest in new businesses and technologies to further enhance the user experience and consolidate our market leading position.”Due to the impact of the economic cycle brought about by the new coronavirus epidemic, 58 City has adjusted its short-term development rhythm, and 58 City expects a total revenue range of 21 for the first quarter of 2020.6 billion-22.600 million yuan, a one-year decline range of 25% -29%.The forecast is based on the company’s judgment on the current trend, and there is a possibility of change.Sauna, Ye Wang Chen Weicheng Editor Zhao Ze proofreading Chen Diyan