Core Insights - Dada Nexus Limited reported its financial results for Q2 2024, highlighting a focus on user experience and high-quality development, with significant growth in user metrics and revenue from its JD NOW and Dada NOW platforms [2][3]. Financial Performance - Total net revenues for Q2 2024 were RMB 2,349.9 million, a decrease of 9.5% compared to RMB 2,596.8 million in Q2 2023 [3][5]. - JD NOW generated net revenues of RMB 912.4 million in Q2 2024, down from RMB 1,616.4 million in Q2 2023, primarily due to reduced online advertising and fulfillment service revenues [4][7]. - Dada NOW saw a revenue increase of 46.6% year-on-year, reaching RMB 1,437.5 million in Q2 2024, driven by higher order volumes from chain merchants [4][5]. Cost Structure - Total costs and expenses in Q2 2024 were RMB 2,667.0 million, down from RMB 2,804.1 million in Q2 2023 [5][6]. - Operations and support costs rose to RMB 1,735.7 million, attributed to increased rider costs due to higher order volumes [6]. - Selling and marketing expenses decreased to RMB 781.9 million, reflecting reduced promotional activities on the JD NOW platform [6]. Profitability Metrics - The company reported a loss from operations of RMB 310.5 million in Q2 2024, compared to a loss of RMB 197.0 million in Q2 2023 [7]. - Non-GAAP net loss was RMB 142.3 million in Q2 2024, a significant decline from a net income of RMB 8.4 million in Q2 2023 [7][28]. - Basic and diluted net loss per ordinary share was RMB 0.27 in Q2 2024, compared to RMB 0.15 in Q2 2023 [7][29]. Operational Highlights - The number of orders delivered increased to 679.2 million in Q2 2024, up from 562.8 million in Q2 2023 [9]. - Gross billings for on-demand delivery services reached RMB 3,008.0 million in Q2 2024, compared to RMB 2,446.9 million in Q2 2023 [9]. Strategic Initiatives - The company is committed to enhancing customer experience and sustainable growth, as indicated by its ongoing focus on high-quality development strategies [2][3]. - Dada has initiated a US$40 million share repurchase program, with approximately US$9.8 million repurchased as of June 30, 2024 [9]. ESG Efforts - Dada published its 2023 ESG Report, marking its third consecutive year of reporting on environmental, social, and governance practices [10]. - The company launched initiatives to promote green products and support delivery riders, including a partnership to provide free cold drinks and health products [11].

Core Viewpoint - Dada Nexus Limited has announced significant leadership changes, including the election of Mr. Kevin Qing Guo as the new chairman of the board and the resignation of Mr. Bing Fu as Interim President, which reflects the company's ongoing evaluation of its leadership structure in alignment with long-term development plans [1][2]. Group 1: Leadership Changes - Mr. Kevin Qing Guo has been elected as a director and chairman of the board, succeeding Mr. Ian Su Shan, who will remain a director and member of the nominating and corporate governance committee [1]. - Mr. Bing Fu has resigned as Interim President for personal reasons, effective August 20, 2024 [1]. Group 2: Company Overview - Dada Nexus Limited is recognized as China's leading local on-demand retail and delivery platform, operating JD NOW and Dada NOW, which are interconnected to enhance order volume and delivery efficiency [3]. - JD NOW is one of China's largest local on-demand retail platforms, while Dada NOW serves as a leading delivery platform for various merchants and individual senders [3].

SHANGHAI, China, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), China’s leading local on-demand retail and delivery platform, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2024, on Tuesday, August 20, 2024, after the close of U.S. markets. The Company will host a conference call to discuss the earnings at 9:30 p.m. Eastern Time on Tuesday, August 20, 2024 (9:30 a.m. Beijing time on Wednesday, August 2 ...

交银国际研究 公司更新 互联网 2024 年 7 月 19 日 收盘价 目标价 潜在涨幅 美元 1.33 美元 1.70↓ +27.8% 达达集团 (DADA US) 2 季度业绩预览:快送业务表现优异,京东场域结合仍未大规模变现 2024 年 2 季度业绩预览:我们预计收入 23 亿元(人民币,下同),与彭 博市场预期基本一致,同比下降 12%,下调 4 个百分点主要因京东到家广 告收入低于预期,达达快送/京东到家收入分别同比+44%/-46%(Visible Alpha 一致预期+40%/-41%);经调整净亏损 1.7 亿元,对应亏损率 7.4%, 对比彭博市场预期亏损 1.9 亿元。 分业务线来看,2 季度:1)达达快送:我们预计收入 14 亿元,同比增 44% ,上调4个百分点,得益于持续渗透KA客户获取市场份额,带动同城 配送单量增加。2)京东到家:我们下调收入预测 14%,因广告收入低于 预期。预计京东到家收入同比降 46%至 8.7 亿元,降幅高于 1 季度,主要 受低效业务渠道清理及战略变化如广告系统/资源向京东 app 倾斜影响。2 季度将是业务调整影响最大的季度,我们预计下半年降幅有所收 ...

somethingway/E+ via Getty Images Dada Nexus (NASDAQ:DADA) is a Chinese small cap capitalizing on the digitalization of retailers. It owns two segments: Dada Now, a cost-efficient crowdsourcing delivery platform, and JD Now's ecosystem, which allows retailers to better manage their warehouses and customers. They work together closely with the JD Group and are backed by Walmart. Recently, a potential fraud case was brought to light by an audit, depressing the share price by another 50%, bringing the total ...

SHANGHAI, May 30, 2024 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ:DADA, "Dada", the "Company", or "we"))), China's leading local on-demand retail and delivery platform, today released its 2023 ESG report, sharing progress and demonstrating its commitment to creating a more sustainable future. The report details Dada's key initiatives and development in ESG efforts surrounding shareholders, users, partners, employees, riders, and community. To view the report in full, please visit the ESG section on the ...

SHANGHAI, May 30, 2024 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ: DADA, “Dada”, the “Company”, or “we”), China’s leading local on-demand retail and delivery platform, today released its 2023 ESG report, sharing progress and demonstrating its commitment to creating a more sustainable future. The report details Dada’s key initiatives and development in ESG efforts surrounding shareholders, users, partners, employees, riders, and community. To view the report in full, please visit the ESG section on the C ...

Investment Rating - The investment rating for Dada Group (DADA US) is Neutral, with a target price adjusted to USD 1.90, reflecting a potential downside of 5.5% from the current price of USD 2.01 [1][8]. Core Insights - Dada Group's Q1 2024 performance showed total revenue of RMB 2.45 billion, a year-on-year decline of 3%. Dada Now's revenue increased by 57%, driven by higher delivery volumes from chain brands, while JD Daojia's revenue fell by 28% due to strategic adjustments and a focus on core JD app channels [1][2]. - The company is undergoing a business adjustment phase, with an expected overall revenue decline of 5% for 2024. Dada Now's revenue growth is projected at 35%, while JD Daojia's revenue is anticipated to decrease by 30% [2][3]. - The report indicates that the second quarter may experience the most significant impact from business adjustments, with an overall revenue decline forecasted at 9% [2][3]. Financial Summary - For the fiscal year ending December 31, 2024, total revenue is projected to be RMB 9.94 billion, a decrease of 5.4% compared to 2023. Net loss is expected to be RMB 753 million, with an adjusted net profit margin of 7.6% [3][9]. - The operating costs as a percentage of revenue increased to 75% in Q1 2024, up from 55% in the same period last year, primarily due to rising costs associated with increased delivery volumes [1][5]. - The company reported a net loss of RMB 1.9 billion in Q1 2024, with an operating loss margin of 15% [5][6]. Operational Highlights - Dada Group upgraded its instant retail brand to "JD Express," achieving over 70% year-on-year growth in monthly active users and order volume in the JD ecosystem during Q1 2024 [2][5]. - The company has seen significant growth in specific product categories, with convenience store GMV increasing by over 500% and categories like alcohol and home appliances doubling in sales [2][5]. - The management team has been adjusted recently, but the business restructuring is ongoing, indicating a focus on long-term strategic goals despite short-term losses [2][3].

Dada Nexus Limited (NASDAQ:DADA) Q1 2024 Earnings Conference Call May 15, 2024 9:30 PM ET Company Participants Caroline Dong - Head of Investor Relations Bing Fu - Interim President Henry Jun Mao - Chief Financial Officer Conference Call Participants Thomas Chong - Jefferies Lei Zhang - Bank of America Operator Good morning, ladies and gentlemen, and thank you for standing by for Dada's First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the managemen ...

SHANGHAI, China, May 15, 2024 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ: DADA, “Dada”, the “Company”, or “we”), China’s leading local on-demand retail and delivery platform, today announced its unaudited financial results for the first quarter ended March 31, 2024. “We are pleased to announce that our on-demand retail service has been upgraded to JD NOW, aiming to bring quality goods to consumers at top-notch speeds. With the introduction of the new brand, we have entered a new chapter with a focus on ...