Earnings release
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3 达达 集团 ( 达达 快 送 【 京东 到家 DADA GROUP Dada Announces Unaudited Second Quarter 2021 Financial Results September 7 , 2021 SHANGHAI , China , Sept. 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 second quarter ended June 30 , 2021 . Second Quarter 2021 Highlights • Total net revenues were RMB1,474.6 million , an increase of 11.5 % year over year . Aligning the revenue of Dada Now last - mile delivery services to a comparable basis , revenue growth would have been 81.3 % year over year¹ . • Total Gross Merchandise Volume ( " GMV " ) of JDDJ for the twelve months ended June 30 , 2021 was RMB32.3 billion , an increase of 76.7 % year over year from RMB18.3 billion in the same period ended June 30 , 2020 . • Number of active consumers for the twelve months ended June 30 , 2021 was 51.3 million , as compared with 32.3 million in the same period ended June 30 , 2020 . " Dada has long served the real economy and is growing together with brick - and - mortar retailers as well as our brand partners . We welcome the stepping up of regulations and firmly believe it will be good for the long - term sustainable development of the industry . There is enormous potential in the on - demand retail industry for us to explore , " said Mr. Philip Kuai , Chairman and Chief Executive Officer of Dada . " Through the deepening cooperation with JD , we continue to build strong partnership with our retail and brand partners , working together to create value to consumers . Our partners will continue to benefit from our technology platform and high levels of innovation . Together , with Dada's commitment to bring people everything on demand , we will continue to focus on long - term value creation to the benefit of enterprises and consumers around China . " " We are pleased to deliver another solid quarter and believe the strong growth momentum will continue as we strengthen partnerships with retailers and brand owners , based on our enhanced capabilities , " said Beck Chen , Chief Financial Officer of Dada . " We achieved strong revenue growth in the second quarter , which surpassed high end of guidance . We are excited with JDDJ's strong momentum with growth of 81.3 % in the second quarter , and maintain confidence in its further accelerated year - over - year growth rate in the second half of 2021. In addition , with continuous improvement in operating efficiency , we expect non - GAAP net loss margin to narrow in the second half of 2021. " Second Quarter 2021 Financial Results Total net revenues were RMB1,474.6 million , an increase of 11.5 % year over year . Aligning the revenue of Dada Now last - mile delivery services to a comparable basis , revenue growth would have been 81.3 % year over year¹ . Net Revenue Dada Now Services Sales of goods Subtotal JDDJ Services note ( 1 ) Total Note : For the three months ended June 30 , 2020 RMB 2021 RMB 823,586 13,590 576,712 16,792 837,176 593,504 485,873 1,323,049 881,090 1,474,594 ( 1 ) Includes net revenues from fulfillment services provided to retailers on JDDJ of RMB181,741 and RMB312,754 , and commission fee revenues from retailers on JDDJ of RMB147,556 and RMB233,441 for the three months ended June 30 , 2020 and 2021 , respectively . Net revenues generated from Dada Now were RMB593.5 million . The difference as compared to that of the second quarter of 2020 is mainly due to the fact that effective since April 2021 , the cost of riders for last - mile delivery services was directly paid through third - party companies instead of through the Company . Thus the Company no longer recognizes rider - related revenue and rider - related costs . Aligning the revenue of Dada Now last - mile delivery services to a comparable basis , revenue growth from Dada Now would have been 81.2 % year over year1 , mainly driven by the increases in order volume of intra - city delivery service to chain merchants .