On the penultimate trading day of 2021, Didi. N announced its unaudited results for the second and third quarters. According to the financial report, Didi’s total revenue in the second quarter of 2021 was 48.2 billion yuan (the following financial report figures are “RMB”); The total revenue in the third quarter was 42.7 billion yuan, down 11.48% month on month.
On the penultimate trading day of 2021, Didi. N announced its unaudited results for the second and third quarters. According to the financial report, Didi’s total revenue in the second quarter of 2021 was 48.2 billion yuan (the following financial report figures are “RMB”); The total revenue in the third quarter was 42.7 billion yuan, down 11.48% month on month.
At present, Didi’s revenue consists of three parts, including China’s travel business (China’s online car hailing, taxi, Valet driving, downwind car and other businesses), international business (international travel, takeout and other businesses) and other businesses (sharing bicycles and motorcycles, vehicle services, freight, automatic driving, financial services and other businesses).
From the perspective of different income composition, compared with China’s business, Didi travel’s international business is developing well. Among the total revenue of 48.2 billion yuan in the second quarter of 2021, the total revenue of China travel business is 44.8 billion yuan, the total revenue of international business is 800 million yuan, and the total revenue of other businesses is 2.6 billion yuan; Among the total revenue of 42.7 billion yuan in the third quarter, the total revenue of China travel business was 39 billion yuan, the total revenue of international business was 1 billion yuan, and the revenue of other businesses was 2.7 billion yuan.
Meanwhile, Didi once again disclosed the information related to the preparations for the delisting of the New York Stock Exchange and the listing of Hong Kong stocks. On December 3, Didi announced that the board of directors supported the company’s delisting from the New York Stock Exchange and approved the company to carry out relevant work. The board of directors also authorized the company to start preparations for listing on the main board of Hong Kong.
“In fact, it’s not ‘news’. The prospectus listed in the United States also showed the loss content, and the financial results under the inevitable delisting situation are actually of little significance to the capital market.” TMT industry analyst Zhang Shule told the times weekly. He believes that this is not necessarily bad news for Didi, who is at an important node of delisting US stocks and moving to Hong Kong stocks.
According to the business transaction volume data released in the financial report, the total transaction volume of didi core platform in the second and third quarters was 73.3 billion yuan and 68.7 billion yuan respectively. China’s travel business, which accounts for the majority of revenue, has a total transaction volume of 64.6 billion yuan and 58.4 billion yuan respectively.
In terms of single volume scale, the total single volume scale of didi core platform in the second quarter and the third quarter of 2021 was 3.004 billion and 2.855 billion respectively; The total number of trips in China in the second and third quarters was 2.57 billion and 2.356 billion respectively, down 8.3% month on month.
Based on the above data, Zhang Shule believes that under the current pattern of China’s online car Hailing market, Didi’s user scale has touched the ceiling, and Didi’s leading position will not be shaken by the removal of app and the suspension of new user registration. “In the eyes of U.S. or Hong Kong stock investors, Didi’s investment value as an online car Hailing giant lies in its company size and future possibilities, rather than the ‘maintenance fee’ paid to expand and maintain the scale at present.”
In addition to publishing the financial report data, Didi also announced that Zhang Yong, chairman and CEO of Alibaba, resigned as a director of Didi’s board of directors. Zhang Yi, senior legal director of Alibaba and general counsel of Alibaba local life service company, served as the director.
Didi travel (formerly known as didi taxi) was founded in 2012 and officially listed on the New York Stock Exchange on June 30, 2021 with the stock code of “didi”. On July 2, 2021, the state network information office launched the network security review of “didi travel”, successively implemented actions such as stopping the registration of new users, removing “didi travel” and other apps, and 7 departments stationed in didi Travel Technology Co., Ltd. to carry out network security review. On December 3, Didi travel announced that after careful research, the company will immediately start delisting on the New York Stock Exchange and start preparations for listing in Hong Kong.
(times weekly)
