Mogu Inc

NYSE:MOGUUnited States

10:36 AM EST, 11/22/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving lower Friday morning, declining 0.33% to 2,035.07 on the S&P Asia 50 ADR Index, which is still nearly 1% higher for the week. From...

Total MOGU Inc. shareholders' equity 588,393 546,698 77,904 ------------ ---------- ---------- Non-controlling interests 26,061 27,624 3,936 ------------ ---------- ---------- Total shareholders' equity 614,454 574,322 81,840 ------------ ---------- ---------- Total liabilities and shareholders' equity 938,362 887,097 126,410 ============ ========== ========== MOGU INC. Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss (All amounts in thousands, except for share and per share data) For the six months ended September 30, ---------------------------------------------- 2023 2024 -------------- ----------------------------- RMB RMB US$ Net revenues Commission revenues 55,619 35,275 5,027 Marketing services revenues 746 63 9 Financing solutions revenues 5,403 3,827 545 Technology services revenues 18,388 20,734 2,955 Other revenues 3,146 1,954 278 ------------- ------------- ------------- Total revenues 83,302 61,853 8,814 Cost of revenues (exclusive of amortization of intangible assets shown separately below) (49,602) (39,560) (5,637) Sales and marketing expenses (37,274) (26,362) (3,757) Research and development expenses (13,879) (12,332) (1,757) General and administrative expenses (27,914) (27,143) (3,868) Amortization of intangible assets (1,826) (75) (11) Impairment of intangible assets (9,945) -- -- Other income, net 5,059 2,172 310 ------------- ------------- ------------- Loss from operations (52,079) (41,447) (5,906) Interest income 7,142 3,120 445 Gain from investments, net 1,267 16,468 2,347 ------------- ------------- ------------- Loss before income tax and share of results of equity investees (43,670) (21,859) (3,114) Income tax benefits/(expenses) 1,662 (7) (1) Share of results of equity method investees (504) (700) (100) ------------- ------------- ------------- Net loss (42,512) (22,566) (3,215) Net (loss)/gain attributable to non-controlling interests (7,105) 1,563 223 ------------- ------------- ------------- Net loss attributable to MOGU Inc. (35,407) (24,129) (3,438) ============= ============= ============= Net loss (42,512) (22,566) (3,215) Other comprehensive income/(loss): Foreign currency translation adjustments, net of nil tax 4,970 (1,231) (175) Unrealized securities holding gains/(losses), net of tax 1,702 (16,252) (2,316) ------------- ------------- ------------- Total comprehensive loss (35,840) (40,049) (5,706) Total comprehensive (loss)/gain attributable to non-controlling interests (7,105) 1,563 223 ------------- ------------- ------------- Total comprehensive loss attributable to MOGU Inc. (28,735) (41,612) (5,929) ============= ============= ============= Net loss per share attributable to ordinary shareholders Basic (0.01) (0.01) (0.00) Diluted (0.01) (0.01) (0.00) Net loss per ADS Basic (4.11) (2.76) (0.39) Diluted (4.11) (2.76) (0.39) Weighted average number of shares used in computing net loss per share Basic 2,581,758,960 2,620,311,457 2,620,311,457 Diluted 2,581,758,960 2,620,311,457 2,620,311,457 Share-based compensation expenses included in: Cost of revenues 415 34 5 General and administrative expenses 1,763 604 86 Sales and marketing expenses 419 14 2 Research and development expenses 192 88 13 MOGU INC. Unaudited Condensed Consolidated Statements of Cash Flows (All amounts in thousands, except for share and per share data) For the six months ended September 30, ----------------------------- 2023 2024 -------- ------------------ RMB RMB US$ Net cash used in operating activities (32,907) (28,953) (4,126) Net cash used in investing activities (20,779) (244,012) (34,771) Net cash used in financing activities -- (822) (117) Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash 3,336 (644) (92) Net decrease in cash and cash equivalents and restricted cash (50,350) (274,431) (39,106) Cash and cash equivalents and restricted cash at beginning of period 417,011 359,298 51,200 Cash and cash equivalents and restricted cash at end of period 366,661 84,867 12,094 MOGU INC. Unaudited Reconciliations of GAAP and Non-GAAP Results (All amounts in thousands, except for share and per share data) For the six months ended September 30, --------------------------- 2023 2024 -------- ---------------- RMB RMB US$ Net loss (42,512) (22,566) (3,215) Income tax Less: (benefits)/expenses (1,662) 7 1 Less: Interest income (7,142) (3,120) (445) Amortization of Add: intangible assets 1,826 75 11 Depreciation of property and Add: equipment 3,529 5,636 803 ------- ------- ------ EBITDA (45,961) (19,968) (2,845) Impairment of Add: intangible assets 9,945 -- -- Share-based compensation Add: expenses 2,789 740 106 Share of result of equity method Add: investees 504 700 100 Gain from investments, Less: net (1,267) (16,468) (2,347) ------- ------- ------ Adjusted EBITDA (33,990) (34,996) (4,986) ==== ======= ======= ====== Net loss (42,512) (22,566) (3,215) Gain from investments, Add: net (1,267) (16,468) (2,347) Share-based compensation Add: expenses 2,789 740 106 Impairment of Add: intangible assets 9,945 -- -- Adjusted for tax Less: effects (1,755) -- -- ------- ------- ------ Adjusted net loss (32,800) (38,294) (5,456) ==== ======= ======= ======