Ding Dong Mai Vegetables Q4 losses narrowed to 1.034 billion yuan prepared GMV to 900 million yuan

2022-08-06 0 By

New consumer goods association | daily (reporter Lisa yu), late February 15th, ding-dong buy vegetables (NYSE: DDL) released in the fourth quarter earnings report showed that the revenue of 5.48 billion yuan, up 72.0% from a year earlier.In 2021, the revenue of 201.2 billion yuan, a year-on-year growth of 77.5%;Gross margin was 27.7%;Non-gaap net loss was about 1.034.1 billion yuan, compared with 1.2388 billion yuan a year earlier.Earnings show that the GMV of Ding Dong Mai CAI in the fourth quarter of 2021 increased to 6.04 billion yuan, up 59.6% year on year;Orders completed in the fourth quarter of 2021 totaled 100.1 million yuan, up 63.1 percent year on year.In the fourth quarter of 2021, Ding Dong revealed that GMV had reached 900 million yuan in the field of prepared dishes, which attracted high market attention.At the same time, Ding Dong Mai CAI announced that Shanghai region achieved overall profitability in December, and the whole Yangtze River Delta region achieved UE positive in the quarter.Liang Changlin, founder and CEO of Ding Dong Mai CAI, described the company’s performance as its best quarter since its establishment and said it would make long-term investments in its supply chain and infrastructure.In a telephone conference, Liang changlin said that the increase in gross margin is related to the adjustment of commodity structure.”Ding Dong Mai CAI has continuously improved the quality of its products and prices, bringing better gross profit performance.In addition, ding Dong mai dishes own brands account for more, reduce subsidies, overall user structure adjustment and other measures also contributed to good performance.”Electric business analyst Chen tiger hu east think, fresh electricity is fresh is an essentially burn industry, combined with a fresh timeliness, the matching of the back-end supply chain, regional, and many other requirements are very high, so now although overall the industry competition is intense, but basically has not formed a highly efficient profit mode, to solve the problem very much.Overall, under the pressure of share price and earnings, Ding Dong Mai vegetables began strategic transformation, putting efficiency in the first place.Commodity price increase and the overall increase in customer unit price will become an important part of the improvement of profitability of Ding Dong buy vegetables.”Compared with customers who rely solely on promotion, customers brought by product promotion have higher unit prices.” Liang Changlin said that in order to improve profitability, users will further increase the frequency of purchase and the proportion of private brands in the future.It is understood that at present, Ding Dong buy food has ding Dong Ace dish, Ding Dong big manguan, boxing shrimp, Bao Luo Workshop, liang Xin artisan, a total of more than 20 own brands.By the fourth quarter of 2021, Ding Dong Mai CAI has a total of 10 food R&D and processing plants;There are about 60 urban sorting centers and about 1,400 front warehouses with an area of 500,000 square meters.In addition, regarding the regulatory issues concerned by the industry, Ding Dong Mai CAI believes that its model is different from other Internet companies. It is an entity company that penetrates into the supply chain and enables agriculture through advanced technology, which is in line with the direction of national rural policy encouragement.