Earnings release
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3 达达 集团 ( 达达 快 送 【 京东 到家 DADA GROUP Dada Announces Unaudited First Quarter 2021 Financial Results June 7 , 2021 SHANGHAI , China , June 07 , 2021 ( GLOBE NEWSWIRE ) -- Dada Nexus Limited ( NASDAQ : DADA , " Dada " or the " Company " ) , China's leading local on - demand delivery and retail platform , today announced its unaudited financial results for the first quarter ended March 31 , 2021 . First Quarter 2021 Highlights • Total net revenues were RMB1,672.8 million , an increase of 52.1 % year - over - year . • Total Gross Merchandise Volume ( " GMV " ) of JDDJ for the twelve months ended March 31 , 2021 was RMB28.1 billion , an increase of 78.9 % year - over - year from RMB15.7 billion in the same period of 2020 . • Number of active consumers for the twelve months ended March 31 , 2021 was 46.1 million , as compared with 27.6 million in the same period of 2020 . " We are pleased to kick off 2021 with another strong quarter , " commented Mr. Philip Kuai , Chairman and Chief Executive Officer of Dada . " We are excited to further deepen our strategic cooperation with JD under the omni - channel strategy . Leveraging JD's devoted strategic support , we will better fulfill demands for local on - demand retail and its delivery on JD , covering various scenarios and categories , and expand our omni - channel cooperation with JD . Together with JD , we will continue to provide consumers with superior experience , empower retail and brand partners and achieve a win - win cooperation for all . " " We delivered another solid quarter and expect the strong growth momentum will continue , " said Beck Chen , Chief Financial Officer of Dada . " We expect the pro forma growth of total revenue of the Q2 will be 72 % to 78 % , adjusting the revenue recognition of last - mile delivery services to net basis in Q2 of 2020 and 2021. We are excited with JDDJ's strong growth momentum , and are confident that year - over - year growth rate of JDDJ's revenue will be over 80 % in Q2 and will further accelerate in the second half of 2021. " First Quarter 2021 Financial Results Total net revenues were RMB1,672.8 million , an increase of 52.1 % from RMB1,099.6 million in the same quarter of 2020 . Net Revenue Dada Now Services Sales of goods Subtotal JDDJ Services note ( 1 ) Total Note : For the three months ended March 31 , 2020 2021 RMB RMB 581,950 9,970 591,920 883,063 11,428 894,491 507,696 1,099,616 778,272 1,672,763 ( 1 ) Includes net revenues from fulfillment services provided to retailers on JDDJ of RMB224,981 and RMB325,880 , and commission fee revenues from retailers on JDDJ of RMB180,825 and RMB229,979 for the three months ended March 31 , 2020 and 2021 , respectively . Net revenues generated from Dada Now increased by 51.1 % from RMB591.9 million in the first quarter of 2020 to RMB894.5 million , mainly driven by the increases in order volume of services to logistics companies and intra - city delivery service to chain merchants . Net revenues generated from JDDJ increased by 53.3 % from RMB507.7 million in the first quarter of 2020 to RMB778.3 million , mainly due to the increase in GMV from the same quarter last year , which was driven by increases in the number of active consumers and average order size . The increase in online marketing services revenue as a result of the increasing promotional activities launched by brand owners also constituted an increment of the net revenues generated from JDDJ . Total costs and expenses were RMB2,425.3 million , compared with RMB1,423.7 million in the same quarter of 2020 . • Operations and support costs were RMB1,395.0 million , compared with RMB965.7 million in the same quarter of 2020 . The rise was primarily due to an increase in rider cost as a result of increasing order volume for our services to logistics companies and intra - city delivery services provided to various chain merchants on the Dada Now platform and retailers on the JDDJ platform .