Looking forward to the fourth quarter of 2021, dada Group expects its total revenue to be between 2 billion yuan and 2.1 billion yuan. On the premise that the last kilometer of dada express delivery service is consistent with the comparable basis, the total revenue in the fourth quarter of 2021 will achieve a year-on-year increase of 88% to 97%.
On November 24, dada group released its financial report for the third quarter of 2021 as of September 30.
According to the financial report, the total net revenue of dada group in the third quarter was 1.687 billion yuan, a year-on-year increase of 29.6%. After removing the influencing factors of dada express delivery business adjustment, the year-on-year growth rate was 86%; In the third quarter, the net loss was 542 million yuan, with a year-on-year increase of 24.9%.
During the reporting period, the revenue of dada express, the local real-time distribution platform of dada group, was RMB 614 million, including service revenue of RMB 592 million and commodity revenue of RMB 21 million. Due to the business adjustment of dada express in April 2021, the driver fee for the last kilometer of distribution service is directly paid by the third-party company, and dada express is no longer handled. Affected by this, the revenue of dada express delivery in the third quarter decreased year-on-year. If the above factors are removed, the revenue of dada express delivery increased by 90.5% over the same period last year.
In the third quarter, the net income of Jingdong home business of dada group was 1.072 billion yuan, a year-on-year increase of 84.1%. For the twelve months ended September 30, 2021, JD's total commodity trading volume (Gmv) was 37.2 billion yuan, an increase of 74.6% over the same period.
Dada group said in the financial report that the main reason for the growth of dada express delivery revenue is the increase in the number of orders for intra city express services driven by chain merchants, and the growth of Jingdong home revenue is due to the increase in promotional activities launched by brand merchants. The hour purchase business launched by JD and dada is the key.
On October 12, JD's "hour purchase" business jointly built by JD and dada group was officially released. The merchant resources at JD's home can be accessed to the "nearby" entrance of JD's main station. After the user places an order through JD, the order fulfillment and distribution will be completed by dada.
The sales and marketing expenses of dada group in the third quarter were 780 million yuan, a year-on-year increase of 56.08%. The reasons mentioned in the financial report of the company are the increase of incentives to Jingdong home consumers and the continuous growth of business.
As of September 30, 2021, the cash, cash equivalents, restricted cash and short-term investments held by dada group were RMB 2.932 billion, a decrease from RMB 6.291 billion as of December 31, 2020.
Looking forward to the fourth quarter of 2021, dada Group expects its total revenue to be between 2 billion yuan and 2.1 billion yuan. On the premise that the last kilometer of dada express delivery service is consistent with the comparable basis, the total revenue in the fourth quarter of 2021 will achieve a year-on-year increase of 88% to 97%.
Established in 2014, dada group is a local real-time retail and distribution platform. Dada express is a local real-time distribution platform of dada group, which provides merchants and consumers with an all channel performance solution integrating warehouse picking and distribution and local real-time distribution services. At present, dada Express has covered more than 2300 counties, districts and cities in China, serving more than 1.4 million business users and 70 million individual users.
Jingdong home is a local real-time retail platform of dada group, which has covered more than 600 counties, districts and cities in China, with more than 74 million registered users, more than 30 million monthly active users, and the peak daily order volume has exceeded 1.5 million. Relying on the delivery of dada express and a large number of retail partners, JD home provides consumers with one hour delivery home service of supermarket convenience, fresh fruits and vegetables, medicine and health, baked cakes, flowers and green plants, home fashion and other commodities.