UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of November 2024
Commission file number: 001-38967
DouYu International Holdings Limited
(Exact Name of Registrant as Specified in Its Charter)
20/F, Building A, New Development International
Center,
No. 473 Guanshan Avenue,
Hongshan District, Wuhan, Hubei Province
The People's Republic of China
(Address of Principal Executive Offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
EXHIBIT INDEX
Signature
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| |
|
DOUYU INTERNATIONAL HOLDINGS LIMITED |
| |
|
|
| Date: |
November 20, 2024 |
|
By: |
/s/ Mingming Su |
| |
|
|
|
Name: |
Mingming Su |
| |
|
|
|
Title: |
Chief Strategy Officer, Director |
Exhibit 99.1
DouYu
International Holdings Limited Reports Third Quarter 2024 Unaudited Financial Results
WUHAN, China,
Nov. 20, 2024 /PRNewswire/ -- DouYu International Holdings Limited ("DouYu" or the "Company") (Nasdaq: DOYU), a leading
game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced its unaudited financial results
for the third quarter ended September 30, 2024.
Third
Quarter 2024 Financial and Operational Highlights
| • | Total net revenues in the third quarter of 2024 were RMB1,063.1 million (US$151.5 million), compared with
RMB1,359.2 million in the same period of 2023. |
| • | Gross profit in the third quarter of 2024 was RMB60.8 million (US$8.7 million), compared with RMB192.4
million in the same period of 2023. |
| • | Net income in the third quarter of 2024 was RMB3.4 million (US$0.5 million), compared with RMB76.4 million
in the same period of 2023. |
| • | Adjusted net loss1 in the
third quarter of 2024 was RMB39.8 million (US$5.7 million), compared with adjusted net income of RMB71.9 million in the same period of
2023. |
| • | Average
mobile MAUs2 in the third quarter of 2024 were 42.1 million,
compared with 51.7 million in the same period of 2023. |
| • | The number of quarterly average paying users3
in the third quarter of 2024 was 3.4 million, compared with 3.9 million in the same period of 2023. |
The interim management committee of DouYu commented,
“In the third quarter of 2024, we adapted our operational strategies to flexibly respond to dynamic external environments while
further executing our long-term development strategy of creating a vibrant, diverse, game-centric content ecosystem. Our goal was to improve
operational efficiency by strengthening our core advantages to enhance commercialization capabilities and further optimizing our operations
to maximize ROI. At the same time, we continued investing in streamer resources and new ventures. This allowed us to consistently offer
our users a rich selection of premium content and a broad spectrum of gaming services through innovative content creation and product
upgrades. As we navigate the evolving macro environment and industry shifts, we continue to face challenges and our top priority is to
secure our business foundation for Douyu’s sustainable growth. We are balancing development across traditional business and new
initiatives, strategically allocating resources to strengthen our community ecosystem and drive long-term growth.”
Mr.
Hao Cao, Vice President of DouYu, commented, “During the third quarter of 2024, we made solid progress in diversifying our revenue
streams. During the quarter, revenue from innovative business, advertising and others increased to RMB311 million, accounting for 29.3%
of our total revenue, a significant improvement from 15.3% in the same period of 2023. We are keenly aware of the impact of the decline
in livestreaming revenues alongside a relatively fixed cost base, which may place short-term pressures on our profitability. In response,
we have been taking proactive steps to maintain financial resilience. These include adapting our operational strategies, accelerating
revenue diversification, and identifying and executing cost optimization measures. As always, we prioritize the Company’s long-term,
healthy growth and delivering enduring value to our shareholders.”
1
“Adjusted net loss” is defined as net loss excluding share of loss (income) in equity method investments, gain
on disposal of investment, and impairment losses and fair value adjustments on investments. For more information, please refer to “Use
of Non-GAAP Financial Measures” and “Reconciliations of GAAP and Non-GAAP Results” at the end of this press release.
2
Refers to the number of mobile devices that launched our mobile apps in a given period. Average mobile MAUs for a given period is calculated
by dividing (i) the sum of active mobile users for each month of such period, by (ii) the number of months in such period.
3
“Quarterly average paying users” refers to the average paying users for each quarter during a given period of time calculated
by dividing (i) the sum of paying users for each quarter of such period, by (ii) the number of quarters in such period. “Paying
user” refers to a registered user that has purchased virtual gifts on our platform at least once during the relevant period.
Third
Quarter 2024 Financial Results
Total
net revenues in the third quarter of 2024 decreased by 21.8% to RMB1,063.1 million (US$151.5 million), compared with RMB1,359.2
million in the same period of 2023.
Livestreaming
revenues in the third quarter of 2024 decreased by 34.7% to RMB752.1 million (US$107.2 million) from RMB1,151.0 million in
the same period of 2023. The decrease was primarily due to the decline in both the number of total paying users and average revenue per
paying user, impacted by the prolonged soft macroeconomic environment. In response, we offered lower-priced products and reduced paying
user-acquisition promotions.
Innovative
business, advertising and other revenues (formerly known as advertising and other revenues) in the third quarter of 2024 increased
by 49.4% to RMB311.0 million (US$44.3 million) from RMB208.2 million in the same period of 2023. The increase was primarily driven by
an increase in revenues generated by our innovative business, such as voice-based social networking service and game membership service.
Cost
of revenues in the third quarter of 2024 decreased by 14.1% to RMB1,002.3 million (US$142.8 million) from RMB1,166.8 million
in the same period of 2023.
Revenue-sharing
fees and content costs in the third quarter of 2024 decreased by 6.2% to RMB869.6 million (US$123.9 million) from RMB927.4
million in the same period of 2023. The decrease was primarily due to a decrease in revenue-sharing fees aligned with decreased livestreaming
revenues, as well as a decline in content costs from improved controls in streamer payments. Such decrease was partially offset by an
increase in costs related to innovative business.
Bandwidth
costs in the third quarter of 2024 decreased by 32.0% to RMB72.2 million (US$10.3 million) from RMB106.1 million in the same
period of 2023. The decline was primarily due to a year-over-year decrease in peak bandwidth usage.
Gross
profit in the third quarter of 2024 was RMB60.8 million (US$8.7 million), compared with RMB192.4 million in the same period
of 2023. The decline in gross profit was primarily due to the decrease in livestreaming revenues outpacing the decline in the cost of
revenues. Gross margin in the third quarter of 2024 was 5.7%, compared with 14.2% in the same period of 2023.
Sales
and marketing expenses in the third quarter of 2024 decreased by 11.9% to RMB79.3 million (US$11.3 million) from RMB90.0 million
in the same period of 2023. The decrease was mainly attributable to a decrease in staff-related expenses.
Research
and development expenses in the third quarter of 2024 decreased by 42.0% to RMB43.2 million (US$6.2 million) from RMB74.5 million
in the same period of 2023. The decrease was primarily due to a decrease in staff-related expenses.
General
and administrative expenses in the third quarter of 2024 decreased by 18.7% to RMB41.5 million (US$5.9 million) from RMB51.0
million in the same period of 2023. The decrease was primarily due to decreased staff-related expenses in line with our employee streamlining
initiatives.
Other
operating income, net in the third quarter of 2024, was RMB9.0 million (US$1.3 million), compared with other operating
income of RMB14.3 million in the same period of 2023.
Loss
from operations in the third quarter of 2024 was RMB94.2 million (US$13.4 million), compared with RMB8.8 million in the same
period of 2023.
Net
income in the third quarter of 2024 was RMB3.4 million (US$0.5 million), compared with RMB76.4 million in the same period
of 2023.
Adjusted
net loss, which excludes net loss excluding share of loss (income) in equity method investments, gain on disposal of investment,
and impairment losses and fair value adjustments on investments, was RMB39.8 million (US$5.7 million) in the third quarter of 2024, compared
with adjusted net income of RMB71.9 million in the same period of 2023.
Basic
and diluted net income per ADS4 in the
third quarter of 2024 were both RMB0.11 (US$0.02). Adjusted basic and diluted net loss per ADS in the third quarter of 2024 were
both RMB1.32 (US$0.19).
Cash and cash
equivalents, restricted cash and bank deposits
As
of September 30, 2024, the Company had cash and cash equivalents, restricted cash, restricted cash in other non-current assets, and short-term
and long-term bank deposits of RMB4,383.6 million (US$624.7 million), compared with RMB6,855.5 million as of December 31, 2023.
The decrease was primarily due to our special cash dividend distribution of US$300 million and the US$20 million allocated to the share
repurchase program.
Updates of
Share Repurchase Program
On
December 28, 2023, the Company announced that its board of directors had authorized a share repurchase program under which the Company
may repurchase up to US$20 million of its ordinary shares in the form of ADSs during a period of up to 12 months commencing on January
1, 2024. As of September 30, 2024, the Company had repurchased an aggregate of US$20.0 million of its ADSs in the open market under
this program.
Conference
Call Information
The Company will
hold a conference call on November 20, 2024, at 6:00 a.m. Eastern Time (or 7:00 p.m. Beijing Time on the same day) to discuss the financial
results. Listeners may access the call by dialing the following numbers:
| International: |
+1-412-317-6061 |
| United States Toll Free: |
+1-888-317-6003 |
| Mainland China Toll Free: |
4001-206115 |
| Hong Kong Toll Free: |
800-963976 |
| Singapore Toll Free: |
800-120-5863 |
| Conference ID: |
9050535 |
The replay will
be accessible through November 27, 2024, by dialing the following numbers:
| International: |
+1-412-317-0088 |
| United States Toll Free: |
+1-877-344-7529 |
| Conference ID: |
3207979 |
A
live and archived webcast of the conference call will also be available on the Company's investor relations website at http://ir.douyu.com.
4
Every one ADS represents one ordinary share for the relevant period and calendar year.
About
DouYu International Holdings Limited
Headquartered
in Wuhan, China, DouYu International Holdings Limited (Nasdaq: DOYU) is a leading game-centric live streaming platform in China and a
pioneer in the eSports value chain. DouYu operates its platform on both PC and mobile apps to bring users access to immersive and interactive
games and entertainment livestreaming, a wide array of video and graphic contents, as well as opportunities to participate in community
events and discussions. By nurturing a sustainable technology-based talent development system and relentlessly producing high-quality
content, DouYu consistently delivers premium content through the integration of livestreaming, video, graphics, and virtual communities
with a primary focus on games, especially on eSports. This enables DouYu to continuously enhance its user experience and pursue long-term
healthy development. For more information, please see http://ir.douyu.com.
Use of
Non-GAAP Financial Measures
Adjusted net
income (loss) is calculated as net income (loss) adjusted for share of loss (income) in equity method investments, gain on disposal of
investment, and impairment losses and fair value adjustments on investments. Adjusted net income (loss) attributable to DouYu is calculated
as net income (loss) attributable to DouYu adjusted for share of loss (income) in equity method investments, gain on disposal of investment,
and impairment losses and fair value adjustments on investments. Adjusted basic and diluted net income per ordinary share is non-GAAP
net income attributable to ordinary shareholders divided by weighted average number of ordinary shares used in the calculation of non-GAAP
basic and diluted net income per ordinary share. The Company adjusted the impact of (i) share of loss (income) in equity method investments,
(ii) gain on disposal of investment, and (iii) impairment losses and fair value adjustments on investments to understand and evaluate
the Company's core operating performance. The non-GAAP financial measures are presented to enhance investors' overall understanding of
the Company's financial performance and should not be considered a substitute for, or superior to, the financial information prepared
and presented in accordance with U.S. GAAP. Investors are encouraged to review the reconciliation of the historical non-GAAP financial
measures to its most directly comparable GAAP financial measures. As non-GAAP financial measures have material limitations as analytical
metrics and may not be calculated in the same manner by all companies, they may not be comparable to other similarly titled measures used
by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measures as a substitute for, or
superior to, such metrics in accordance with U.S. GAAP.
For more information
on these non-GAAP financial measures, please see the table captioned “Reconciliations of Non-GAAP Results” near the end of
this release.
Exchange
Rate Information
This announcement
contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise
noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.0176 to US$1.00, the noon buying rate in effect on September
30, 2024, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB amounts could
have been, or could be, converted, realized, or settled in U.S. dollars, at that rate on September 30, 2024, or at any other rate.
Safe Harbor
Statement
This press release
contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities
Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations,
are forward-looking statements. Forward- looking statements involve inherent risks and uncertainties, and a number of factors could cause
actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following:
the Company’s results of operations and financial condition; the Company’s business strategies; general market conditions,
in particular, the game live streaming market; the ability of the Company to retain and grow active and paying users; changes in general
economic and business conditions in China; the impact of the COVID-19 to the Company’s business operations and the economy in China
and globally; any adverse changes in laws, regulations, rules, policies or guidelines applicable to the Company; and assumptions underlying
or related to any of the foregoing. In some cases, forward-looking statements can be identified by words or phrases such as “may,”
“will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,”
“plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar
expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the
Securities Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company
does not undertake any duty to update such information, except as required under applicable law.
Investor Relations
Contact
In China:
|
Lingling Kong
DouYu International
Holdings Limited
Email: ir@douyu.tv
Tel: +86 (10)
6508-0677
|
Andrea Guo
Piacente Financial
Communications
Email: douyu@tpg-ir.com
Tel: +86 (10)
6508-0677
|
In the United
States:
|
Brandi Piacente
Piacente Financial
Communications
Email: douyu@tpg-ir.com
Tel: +1-212-481-2050
|
|
Media Relations
Contact
In China:
|
Lingling Kong
DouYu International
Holdings Limited
Email: pr_douyu@douyu.tv
Tel: +86 (10)
6508-0677
|
|
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(All amounts in thousands, except share, ADS,
per share and per ADS data)
| | |
As of December 31 | | |
As of September 30 | |
| | |
2023 | | |
2024 | | |
2024 | |
| |
RMB | | |
RMB | | |
US$ (1) | |
| ASSETS | |
| | |
| | |
| |
| Current assets: | |
| | | |
| | | |
| | |
| Cash and cash equivalents | |
| 4,440,131 | | |
| 2,013,065 | | |
| 286,859 | |
| Restricted cash | |
| - | | |
| 24 | | |
| 3 | |
| Short-term bank deposits | |
| 1,716,540 | | |
| 1,943,968 | | |
| 277,013 | |
| Accounts receivable, net | |
| 73,453 | | |
| 48,771 | | |
| 6,950 | |
| Prepayments | |
| 38,181 | | |
| 23,404 | | |
| 3,335 | |
| Amounts due from related parties | |
| 68,994 | | |
| 71,424 | | |
| 10,178 | |
| Other current assets, net | |
| 348,129 | | |
| 297,021 | | |
| 42,325 | |
| Total current assets | |
| 6,685,428 | | |
| 4,397,677 | | |
| 626,663 | |
| | |
| | | |
| | | |
| | |
| Property and equipment, net | |
| 13,808 | | |
| 7,530 | | |
| 1,073 | |
| Intangible assets, net | |
| 120,694 | | |
| 124,318 | | |
| 17,715 | |
| Long-term bank deposits | |
| 630,000 | | |
| 360,000 | | |
| 51,300 | |
| Investments | |
| 436,197 | | |
| 470,595 | | |
| 67,059 | |
| Goodwill | |
| - | | |
| - | | |
| - | |
| Right-of-use assets, net | |
| 22,792 | | |
| 20,930 | | |
| 2,983 | |
| Other non-current assets | |
| 163,184 | | |
| 125,087 | | |
| 17,825 | |
| Total non-current assets | |
| 1,386,675 | | |
| 1,108,460 | | |
| 157,955 | |
| TOTAL ASSETS | |
| 8,072,103 | | |
| 5,506,137 | | |
| 784,618 | |
| | |
| | | |
| | | |
| | |
LIABILITIES AND SHAREHOLDERS’ EQUITY | |
| | | |
| | | |
| | |
| LIABILITIES | |
| | | |
| | | |
| | |
| Current liabilities: | |
| | | |
| | | |
| | |
| Accounts payable | |
| 534,428 | | |
| 456,988 | | |
| 65,121 | |
| Advances from customers | |
| 12,911 | | |
| 11,074 | | |
| 1,578 | |
| Deferred revenue | |
| 315,969 | | |
| 269,555 | | |
| 38,411 | |
| Accrued expenses and other current liabilities | |
| 246,601 | | |
| 177,497 | | |
| 25,293 | |
| Amounts due to related parties | |
| 251,392 | | |
| 284,953 | | |
| 40,605 | |
| Lease liabilities due within one year | |
| 14,768 | | |
| 13,156 | | |
| 1,875 | |
| Total current liabilities | |
| 1,376,069 | | |
| 1,213,223 | | |
| 172,883 | |
| | |
| | | |
| | | |
| | |
| Non-current liabilities: | |
| | | |
| | | |
| | |
| Lease liabilities | |
| 6,701 | | |
| 6,957 | | |
| 991 | |
| Total non-current liabilities | |
| 6,701 | | |
| 6,957 | | |
| 991 | |
| TOTAL LIABILITIES | |
| 1,382,770 | | |
| 1,220,180 | | |
| 173,874 | |
(1) Translations of certain RMB amounts
into U.S. dollars at a specified rate are solely for the convenience of the reader. Unless otherwise noted, all translations from RMB
to U.S. dollars are made at a rate of RMB7.0176 to US$1.00, the noon buying rate in effect on September 30, 2024, in the H.10 statistical
release of the Federal Reserve Board.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(CONTINUED)
(All amounts in thousands, except share, ADS,
per share and per ADS data)
| | |
As of December 31 | | |
As of September 30 | |
| | |
2023 | | |
2024 | | |
2024 | |
| | |
RMB | | |
RMB | | |
US$ (1) | |
| SHAREHOLDERS' EQUITY | |
| | | |
| | | |
| | |
| Ordinary shares | |
| 23 | | |
| 20 | | |
| 3 | |
| Treasury shares | |
| (911,217 | ) | |
| - | | |
| - | |
| Additional paid-in capital | |
| 10,670,287 | | |
| 7,514,497 | | |
| 1,070,807 | |
| Accumulated deficit | |
| (3,485,007 | ) | |
| (3,618,725 | ) | |
| (515,664 | ) |
| Accumulated other comprehensive income | |
| 415,247 | | |
| 390,165 | | |
| 55,598 | |
| Total DouYu Shareholders’ Equity | |
| 6,689,333 | | |
| 4,285,957 | | |
| 610,744 | |
| Noncontrolling interests | |
| - | | |
| - | | |
| - | |
| Total Shareholders’ Equity | |
| 6,689,333 | | |
| 4,285,957 | | |
| 610,744 | |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | |
| 8,072,103 | | |
| 5,506,137 | | |
| 784,618 | |
(1) Translations of certain RMB amounts into U.S. dollars
at a specified rate are solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are
made at a rate of RMB7.0176 to US$1.00, the noon buying rate in effect on September 30, 2024, in the H.10 statistical release of the Federal
Reserve Board.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(All amounts in thousands,
except share, ADS, per share and per ADS data)
| |
|
Three Months Ended |
|
|
Nine Months Ended |
|
| |
|
Sep
30,
2023 |
|
|
Jun
30,
2024 |
|
|
Sep
30,
2024 |
|
|
Sep
30,
2024 |
|
|
Sep
30,
2023 |
|
|
Sep
30,
2024 |
|
|
Sep
30,
2024 |
|
| |
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
US$
(1) |
|
|
RMB |
|
|
RMB |
|
|
US$
(1) |
|
| Net revenues |
|
|
1,359,189 |
|
|
|
1,032,041 |
|
|
|
1,063,101 |
|
|
|
151,491 |
|
|
|
4,234,443 |
|
|
|
3,134,826 |
|
|
|
446,709 |
|
| Cost of revenues |
|
|
(1,166,771 |
) |
|
|
(947,823 |
) |
|
|
(1,002,282 |
) |
|
|
(142,824 |
) |
|
|
(3,676,660 |
) |
|
|
(2,880,784 |
) |
|
|
(410,508 |
) |
| Gross profit |
|
|
192,418 |
|
|
|
84,218 |
|
|
|
60,819 |
|
|
|
8,667 |
|
|
|
557,783 |
|
|
|
254,042 |
|
|
|
36,201 |
|
| Operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sales and marketing
expenses |
|
|
(89,996 |
) |
|
|
(76,963 |
) |
|
|
(79,260 |
) |
|
|
(11,294 |
) |
|
|
(267,729 |
) |
|
|
(231,793 |
) |
|
|
(33,030 |
) |
| General and
administrative expenses |
|
|
(50,994 |
) |
|
|
(48,496 |
) |
|
|
(41,462 |
) |
|
|
(5,908 |
) |
|
|
(157,725 |
) |
|
|
(132,754 |
) |
|
|
(18,917 |
) |
| Research and
development expenses |
|
|
(74,510 |
) |
|
|
(50,135 |
) |
|
|
(43,243 |
) |
|
|
(6,162 |
) |
|
|
(217,863 |
) |
|
|
(147,526 |
) |
|
|
(21,023 |
) |
| Other
operating income (expenses), net |
|
|
14,272 |
|
|
|
(28,189 |
) |
|
|
8,964 |
|
|
|
1,277 |
|
|
|
41,933 |
|
|
|
(122,655 |
) |
|
|
(17,478 |
) |
| Total operating
expenses |
|
|
(201,228 |
) |
|
|
(203,783 |
) |
|
|
(155,001 |
) |
|
|
(22,087 |
) |
|
|
(601,384 |
) |
|
|
(634,728 |
) |
|
|
(90,448 |
) |
| Loss from operations |
|
|
(8,810 |
) |
|
|
(119,565 |
) |
|
|
(94,182 |
) |
|
|
(13,420 |
) |
|
|
(43,601 |
) |
|
|
(380,686 |
) |
|
|
(54,247 |
) |
| Other income
(expenses), net |
|
|
1,401 |
|
|
|
(943 |
) |
|
|
44,242 |
|
|
|
6,304 |
|
|
|
(31,029 |
) |
|
|
43,299 |
|
|
|
6,170 |
|
| Interest Income |
|
|
80,747 |
|
|
|
75,972 |
|
|
|
60,840 |
|
|
|
8,670 |
|
|
|
202,426 |
|
|
|
217,906 |
|
|
|
31,051 |
|
| Foreign
exchange income (expenses) |
|
|
4 |
|
|
|
604 |
|
|
|
(70 |
) |
|
|
(10 |
) |
|
|
248 |
|
|
|
688 |
|
|
|
98 |
|
| Income(Loss)
before income taxes and share of loss in equity method investments |
|
|
73,342 |
|
|
|
(43,932 |
) |
|
|
10,830 |
|
|
|
1,544 |
|
|
|
128,044 |
|
|
|
(118,793 |
) |
|
|
(16,928 |
) |
| Income tax expense |
|
|
- |
|
|
|
(2,510 |
) |
|
|
(6,432 |
) |
|
|
(917 |
) |
|
|
- |
|
|
|
(8,943 |
) |
|
|
(1,274 |
) |
| Share
of income (loss) in equity method investments |
|
|
3,035 |
|
|
|
(2,727 |
) |
|
|
(994 |
) |
|
|
(142 |
) |
|
|
(30,301 |
) |
|
|
(5,982 |
) |
|
|
(853 |
) |
| Net Income
(loss) |
|
|
76,377 |
|
|
|
(49,169 |
) |
|
|
3,404 |
|
|
|
485 |
|
|
|
97,743 |
|
|
|
(133,718 |
) |
|
|
(19,055 |
) |
| Net income
(loss) attributable to ordinary shareholders of the Company |
|
|
76,377 |
|
|
|
(49,169 |
) |
|
|
3,404 |
|
|
|
485 |
|
|
|
97,743 |
|
|
|
(133,718 |
) |
|
|
(19,055 |
) |
| Net income (loss) per ordinary
share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
|
|
2.39 |
|
|
|
(1.58 |
) |
|
|
0.11 |
|
|
|
0.02 |
|
|
|
3.06 |
|
|
|
(4.31 |
) |
|
|
(0.61 |
) |
| Diluted |
|
|
2.39 |
|
|
|
(1.58 |
) |
|
|
0.11 |
|
|
|
0.02 |
|
|
|
3.06 |
|
|
|
(4.31 |
) |
|
|
(0.61 |
) |
| Net
income (loss) per ADS(2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
|
|
2.39 |
|
|
|
(1.58 |
) |
|
|
0.11 |
|
|
|
0.02 |
|
|
|
3.06 |
|
|
|
(4.31 |
) |
|
|
(0.61 |
) |
| Diluted |
|
|
2.39 |
|
|
|
(1.58 |
) |
|
|
0.11 |
|
|
|
0.02 |
|
|
|
3.06 |
|
|
|
(4.31 |
) |
|
|
(0.61 |
) |
| Weighted average number of ordinary
shares used in calculating net income (loss) per ordinary share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
|
|
31,977,664 |
|
|
|
31,128,544 |
|
|
|
30,228,317 |
|
|
|
30,228,317 |
|
|
|
31,977,664 |
|
|
|
31,051,664 |
|
|
|
31,051,664 |
|
| Diluted |
|
|
31,977,664 |
|
|
|
31,128,544 |
|
|
|
30,228,317 |
|
|
|
30,228,317 |
|
|
|
31,977,664 |
|
|
|
31,051,664 |
|
|
|
31,051,664 |
|
| Weighted average number of ADS
used in calculating net income (loss) per ADS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
|
|
31,977,664 |
|
|
|
31,128,544 |
|
|
|
30,228,317 |
|
|
|
30,228,317 |
|
|
|
31,977,664 |
|
|
|
31,051,664 |
|
|
|
31,051,664 |
|
| Diluted |
|
|
31,977,664 |
|
|
|
31,128,544 |
|
|
|
30,228,317 |
|
|
|
30,228,317 |
|
|
|
31,977,664 |
|
|
|
31,051,664 |
|
|
|
31,051,664 |
|
(1) Translations of certain RMB amounts
into U.S. dollars at a specified rate are solely for the convenience of the reader. Unless otherwise noted, all translations from RMB
to U.S. dollars are made at a rate of RMB7.0176 to US$1.00, the noon buying rate in effect on September 30, 2024, in the H.10 statistical
release of the Federal Reserve Board.
(2) Every one ADS represents one ordinary share.
RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS
(All amounts in thousands, except share, ADS,
per share and per ADS data)
| |
|
Three
Months Ended |
|
|
Nine
Months Ended |
|
| |
|
Sep
30,
2023 |
|
|
Jun
30,
2024 |
|
|
Sep
30,
2024 |
|
|
Sep
30,
2024 |
|
|
Sep
30,
2023 |
|
|
Sep
30,
2024 |
|
|
Sep
30,
2024 |
|
| |
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
US$
(1) |
|
|
RMB |
|
|
RMB |
|
|
US$
(1) |
|
| Loss from operations |
|
|
(8,810 |
) |
|
|
(119,565 |
) |
|
|
(94,182 |
) |
|
|
(13,420 |
) |
|
|
(43,601 |
) |
|
|
(380,686 |
) |
|
|
(54,247 |
) |
| Adjusted
Operating loss |
|
|
(8,810 |
) |
|
|
(119,565 |
) |
|
|
(94,182 |
) |
|
|
(13,420 |
) |
|
|
(43,601 |
) |
|
|
(380,686 |
) |
|
|
(54,247 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Income (Loss) |
|
|
76,377 |
|
|
|
(49,169 |
) |
|
|
3,404 |
|
|
|
485 |
|
|
|
97,743 |
|
|
|
(133,718 |
) |
|
|
(19,055 |
) |
| Add/(Reversal of): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Share of loss (income) in equity
method investments |
|
|
(3,035 |
) |
|
|
2,727 |
|
|
|
994 |
|
|
|
142 |
|
|
|
30,301 |
|
|
|
5,982 |
|
|
|
853 |
|
| Gain on disposal
of investment |
|
|
(5,132 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(5,132 |
) |
|
|
- |
|
|
|
- |
|
| Impairment
losses and fair value adjustments on investments (2) |
|
|
3,731 |
|
|
|
943 |
|
|
|
(44,242 |
) |
|
|
(6,304 |
) |
|
|
28,161 |
|
|
|
(43,299 |
) |
|
|
(6,170 |
) |
| Adjusted
net income (loss) |
|
|
71,941 |
|
|
|
(45,499 |
) |
|
|
(39,844 |
) |
|
|
(5,677 |
) |
|
|
151,073 |
|
|
|
(171,035 |
) |
|
|
(24,372 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) attributable
to DouYu |
|
|
76,377 |
|
|
|
(49,169 |
) |
|
|
3,404 |
|
|
|
485 |
|
|
|
97,743 |
|
|
|
(133,718 |
) |
|
|
(19,055 |
) |
| Add/(Reversal of): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Share of loss (income) in equity
method investments |
|
|
(3,035 |
) |
|
|
2,727 |
|
|
|
994 |
|
|
|
142 |
|
|
|
30,301 |
|
|
|
5,982 |
|
|
|
853 |
|
| Gain on disposal of investment |
|
|
(5,132 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(5,132 |
) |
|
|
- |
|
|
|
- |
|
| Impairment losses
and fair value adjustments on investments |
|
|
3,731 |
|
|
|
943 |
|
|
|
(44,242 |
) |
|
|
(6,304 |
) |
|
|
28,161 |
|
|
|
(43,299 |
) |
|
|
(6,170 |
) |
| Adjusted
net income (loss) attributable to DouYu |
|
|
71,941 |
|
|
|
(45,499 |
) |
|
|
(39,844 |
) |
|
|
(5,677 |
) |
|
|
151,073 |
|
|
|
(171,035 |
) |
|
|
(24,372 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Adjusted net income (loss) per ordinary
share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
|
|
2.25 |
|
|
|
(1.46 |
) |
|
|
(1.32 |
) |
|
|
(0.19 |
) |
|
|
4.72 |
|
|
|
(5.51 |
) |
|
|
(0.78 |
) |
| Diluted |
|
|
2.25 |
|
|
|
(1.46 |
) |
|
|
(1.32 |
) |
|
|
(0.19 |
) |
|
|
4.72 |
|
|
|
(5.51 |
) |
|
|
(0.78 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Adjusted net income (loss) per ADS(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
|
|
2.25 |
|
|
|
(1.46 |
) |
|
|
(1.32 |
) |
|
|
(0.19 |
) |
|
|
4.72 |
|
|
|
(5.51 |
) |
|
|
(0.78 |
) |
| Diluted |
|
|
2.25 |
|
|
|
(1.46 |
) |
|
|
(1.32 |
) |
|
|
(0.19 |
) |
|
|
4.72 |
|
|
|
(5.51 |
) |
|
|
(0.78 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average number of ordinary shares used in calculating Adjusted net income (loss) per ordinary share |
|
| Basic |
|
|
31,977,664 |
|
|
|
31,128,544 |
|
|
|
30,228,317 |
|
|
|
30,228,317 |
|
|
|
31,977,664 |
|
|
|
31,051,664 |
|
|
|
31,051,664 |
|
| Diluted |
|
|
31,977,664 |
|
|
|
31,128,544 |
|
|
|
30,228,317 |
|
|
|
30,228,317 |
|
|
|
31,977,664 |
|
|
|
31,051,664 |
|
|
|
31,051,664 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average number of ADS used in calculating net income (loss) per ADS(2) |
|
| Basic |
|
|
31,977,664 |
|
|
|
31,128,544 |
|
|
|
30,228,317 |
|
|
|
30,228,317 |
|
|
|
31,977,664 |
|
|
|
31,051,664 |
|
|
|
31,051,664 |
|
| Diluted |
|
|
31,977,664 |
|
|
|
31,128,544 |
|
|
|
30,228,317 |
|
|
|
30,228,317 |
|
|
|
31,977,664 |
|
|
|
31,051,664 |
|
|
|
31,051,664 |
|
(1) Translations of certain RMB amounts
into U.S. dollars at a specified rate are solely for the convenience of the reader. Unless otherwise noted, all translations from RMB
to U.S. dollars are made at a rate of RMB7.0176 to US$1.00, the noon buying rate in effect on September 30, 2024, in the H.10 statistical
release of the Federal Reserve Board.
(2) Impairment losses and fair value adjustments on investments
was included in line item "Other expenses, net" of condensed consolidated statements of income (loss).
(3) Every one ADS represents one ordinary share.
Grafico Azioni DouYu (NASDAQ:DOYU)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni DouYu (NASDAQ:DOYU)
Storico
Da Dic 2023 a Dic 2024
