Ruhan holding’s revenue in the second quarter of fiscal year 2021 was 248.5 million yuan, down 9% year on year

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Sina science and technology news on the afternoon of November 23, Beijing time news, Ruhan Holdings (NASDAQ: ruhn) today released the financial report of the second quarter of fiscal year 2021 up to September 30, with total net revenue of 248.5 million yuan (about 36.6 million US dollars), down 9% compared with 272.7 million yuan of the same period of last year. The net loss attributable to Ruhan was 31.2 million yuan (about 4.6 million US dollars), compared with 50.1 million yuan in the same period of last year. The adjusted net loss attributable to Ruhan is 20.2 million yuan (about US $3 million), compared with the net profit of 2.5 million yuan in the same period of last year.
Second quarter operating results:
As of September 30, 2020, the number of KOLs signed is 180, compared with 146 on September 30, 2019. As of September 30, 2020, the number of fans was 295.3 million, compared with 188.8 million on September 30, 2019.
As of September 30, 2020, the number of top KOL platforms is 8, compared with 5 as of September 30, 2019. As of September 30, 2020, the total number of KOLs is 45, compared with 26 from September 30, 2019.
As of September 30, 2020, the cumulative number of brands served was 1423, compared with 845 as of September 30, 2019.
Financial results for the second quarter:
Total net revenue was 248.5 million yuan (US $36.6 million), down 9% from 272.7 million yuan in the same period last year.
Revenue cost was 147.7 million yuan (US $21.8 million), down 4% from 153.7 million yuan in the same period last year.
Gross profit was 108.8 million yuan (US $14.9 million), down 15% from 119 million yuan in the same period last year.
Total operating expenses were 134.6 million yuan (about 19.8 million US dollars), down 27% from 184 million yuan in the same period of last year.
The performance expenditure was RMB 16.9 million (about US $2.5 million), down 52% from RMB 35.2 million in the same period of last year.
Sales and marketing expenses amounted to 82.3 million yuan (US $12.1 million), up 10% from 75 million yuan in the same period last year.
General and administrative expenses were 33.8 million yuan (about US $5 million), down 51% from 68.4 million yuan in the same period of last year.
The loss before income tax was 28.5 million yuan (US $4.2 million), compared with 52.5 million yuan in the same period of last year.
Income tax expenditure was 3.7 million yuan (about US $500000), compared with 900000 yuan in the same period of last year.
The net loss attributable to Ruhan was 31.2 million yuan (about 4.6 million US dollars), compared with 50.1 million yuan in the same period of last year.
The adjusted net loss attributable to Ruhan is 20.2 million yuan (about US $3 million), compared with the net profit of 2.5 million yuan in the same period of last year.
As of September 30, 2020, Ruhan had cash, cash equivalents, restricted cash and short-term investments of RMB 714.5 million (approximately US $105.2 million), compared with RMB 800.6 million as of March 31, 2020.
Performance Outlook:
Ruhan predicts that the net revenue of services obtained through the platform model will reach 520 million yuan to 610 million yuan in 2021 fiscal year, with a year-on-year growth of 72% to 101%.
Teleconferencing:
The management team of Ruhan holdings will hold a teleconference on financial report at 7:00 a.m. on November 23, 2020 (8:00 p.m. Beijing time) on November 23, 2020. All participants must complete online registration using the links provided below before the conference call starts. The registration link is: http://apac.directeventreg.com/registration/event/6475106 , conference ID: 6475106. In addition, Ruhan holding website investor relations channel http://ir.ruhnn.com The conference call will be broadcast live and recorded.