DiDi(DIDIY)

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DiDi(DIDIY) - 2024 Q1 - Quarterly Results
2024-05-29 00:00
Revenue Performance - Total revenues for Q1 2024 reached RMB49.1 billion, a 14.9% increase year-over-year, with China Mobility contributing RMB44.5 billion (up 14.1%) and International contributing RMB2.4 billion (up 43.9%)[3] - Total revenues increased to RMB 49,072 million in Q1 2024, up from RMB 42,712 million in Q1 2023, representing a growth of 14.9%[38] - China Mobility segment revenues grew to RMB 44,538 million in Q1 2024, a 14.1% increase compared to RMB 39,049 million in Q1 2023[38] - International segment revenues rose to RMB 2,433 million in Q1 2024, up 43.9% from RMB 1,691 million in Q1 2023[38] Net Loss and Profitability - Net loss for Q1 2024 was RMB1.1 billion, with a net loss attributable to ordinary shareholders of RMB1.4 billion[3] - Net loss attributable to ordinary shareholders of DiDi for Q1 2024 was RMB1.4 billion, compared to RMB1.2 billion in Q1 2023[21] - Net loss attributable to ordinary shareholders widened to RMB 1,354 million in Q1 2024 from RMB 1,160 million in Q1 2023[38] - Total comprehensive loss narrowed to RMB 829 million in Q1 2024 from RMB 1,444 million in Q1 2023[38] Adjusted EBITDA and EBITA - Adjusted EBITDA (Non-GAAP) for Q1 2024 was a gain of RMB1.6 billion, while Adjusted EBITA (Non-GAAP) was a gain of RMB0.9 billion[4] - Adjusted EBITDA for Q1 2024 was a gain of RMB1.6 billion, compared to RMB0.3 billion in Q1 2023[21] - Adjusted EBITA for Q1 2024 was a gain of RMB0.9 billion, compared to a loss of RMB0.6 billion in Q1 2023[21] - Adjusted EBITA (non-GAAP) improved to RMB 923 million in Q1 2024 from a loss of RMB 568 million in Q1 2023[42] - Adjusted EBITDA (non-GAAP) increased significantly to RMB 1,551 million in Q1 2024 from RMB 271 million in Q1 2023[45] Core Platform Transactions and GTV - Core Platform Transactions for Q1 2024 reached 3,746 million, a 30.3% increase year-over-year, with China Mobility at 2,954 million (up 27.1%) and International at 792 million (up 44.0%)[5] - Core Platform Gross Transaction Value (GTV) for Q1 2024 reached RMB92.2 billion, a 26.9% increase year-over-year, with China Mobility at RMB71.4 billion (up 21.1%) and International at RMB20.8 billion (up 51.4%)[5] - International segment's GTV increased by 51.4% year-over-year to RMB20.8 billion in Q1 2024, driven by higher transaction volumes[15] Platform Sales - Platform Sales for Q1 2024 reached RMB15.1 billion, a 33.9% increase year-over-year, with China Mobility at RMB12.9 billion (up 34.8%) and International at RMB2.3 billion (up 29.3%)[9] Segment Performance - China Mobility segment achieved an Adjusted EBITA gain of RMB2.1 billion in Q1 2024, driven by increased revenue and partially offset by higher driver earnings and incentives[13] - Adjusted EBITA loss in the International segment increased to RMB0.3 billion in Q1 2024, primarily due to lower marketing expenses and incentives compared to Q1 2023[16] Research and Development Expenses - Research and development expenses decreased by 15.2% to RMB1.9 billion in Q1 2024, primarily due to reduced investments in the smart auto business following its sale to XPeng[18] Cash Flow and Financial Position - Cash and cash equivalents, restricted cash, and treasury investments were RMB53.8 billion as of March 31, 2024, compared to RMB55.6 billion as of December 31, 2023[22] - Net cash used in operating activities was RMB0.2 billion for Q1 2024, compared to a net loss of RMB1.1 billion during the same period[23] - Net cash used in investing activities was RMB5.2 billion for Q1 2024, primarily due to an increase in treasury investments and purchase of property and equipment[24] - Net cash used in financing activities was RMB0.2 billion for Q1 2024, mainly due to share repurchases[24] - Net cash used in operating activities was RMB 154 million in Q1 2024, compared to net cash provided by operating activities of RMB 333 million in Q1 2023[40] - Net cash used in investing activities surged to RMB 5,172 million in Q1 2024 from RMB 740 million in Q1 2023[40] Share Repurchases and Compensation - The company repurchased approximately 37.1 million ADSs for approximately US$152.4 million under its share repurchase program as of May 24, 2024[27] - City Puzzle Holdings Limited proposed to repurchase certain preferred shares for up to US$408 million[28] - Share-based compensation expenses decreased to RMB 521 million in Q1 2024 from RMB 780 million in Q1 2023[45] Adjusted Net Income - Adjusted net income for Q1 2024 was RMB1.4 billion, compared to RMB52 million in Q1 2023[21]
DiDi(DIDIY) - 2023 Q4 - Annual Report
2024-04-15 20:02
IPO and Share Repurchase - The company raised approximately $4,332.0 million in net proceeds from its initial public offering (IPO) after deducting underwriting commissions and offering expenses[966] - Total expenses incurred for the IPO were $103.2 million, including $88.7 million in underwriting discounts and commissions and $14.5 million in other costs[967] - The company did not use any of the net proceeds from the IPO for the year ended December 31, 2023[968] - The company's board authorized a share repurchase program of up to $1 billion over 24 months starting November 2023[982] - In Q1 2024, the company repurchased 20,560,252 ADSs under the share repurchase program, with approximately $923.7 million remaining for future repurchases[983] Financial Performance and Position - Total revenues for 2023 reached RMB 192,379,918 thousand (US$ 27,096,145 thousand), with China Mobility contributing RMB 175,033,586 thousand (US$ 24,652,965 thousand), International contributing RMB 7,842,151 thousand (US$ 1,104,544 thousand), and Other Initiatives contributing RMB 9,504,181 thousand (US$ 1,338,636 thousand)[1020] - Net income for 2023 was RMB 535,062 thousand (US$ 75,362 thousand), a significant improvement from the net loss of RMB 23,782,511 thousand in 2022[1020] - Total costs and expenses for 2023 amounted to RMB 198,121,193 thousand (US$ 27,904,787 thousand), with cost of revenues being the largest expense at RMB 162,935,107 thousand (US$ 22,948,930 thousand)[1020] - Research and development expenses for 2023 were RMB 8,923,904 thousand (US$ 1,256,906 thousand), a decrease from RMB 9,535,523 thousand in 2022[1020] - Total shareholders' equity as of December 31, 2023, was RMB 97,969,667 thousand (US$ 13,798,739 thousand), up from RMB 95,344,765 thousand in 2022[1017] - Net loss per share attributable to Class A and Class B ordinary shareholders for 2023 was RMB 0.41 (US$ 0.06), a significant improvement from RMB 20.38 in 2022[1021] - Weighted average number of Class A and Class B ordinary shares used in computing net loss per share for 2023 was 1,224,576,751[1021] - Total comprehensive income for 2023 was RMB 1,183,826 thousand (US$ 166,738 thousand), compared to a comprehensive loss of RMB 19,209,623 thousand in 2022[1020] - Accumulated deficit as of December 31, 2023, was RMB 159,128,254 thousand (US$ 22,412,746 thousand), slightly improved from RMB 159,590,989 thousand in 2022[1017] - Interest income for 2023 was RMB 2,170,851 thousand (US$ 305,758 thousand), up from RMB 1,309,864 thousand in 2022[1020] - Total shareholders' equity (deficit) as of December 31, 2021, was RMB 112,119,504[1023] - Net loss for 2021 was RMB 49,343,664[1023] - Total shareholders' equity as of December 31, 2022, decreased to RMB 95,344,765[1024] - Net loss for 2022 was RMB 23,783,321[1024] - Share-based compensation in 2022 amounted to RMB 3,424,049[1024] - Issuance of ordinary shares in connection with exercise of share options and vesting of restricted shares and RSUs in 2022 was RMB 7,526[1024] - Repurchase of noncontrolling interests in 2022 resulted in a decrease of RMB 32,850[1024] - Foreign currency translation adjustments in 2022 led to a gain of RMB 4,585,505[1024] - Accumulated deficit as of December 31, 2022, was RMB 159,590,989[1024] - Statutory reserves increased to RMB 69,328 as of December 31, 2022[1024] - Total shareholders' equity as of December 31, 2023, was RMB 97,969,667 (US$ 13,798,739), compared to RMB 95,344,765 at the beginning of the year[1025] - Net income for the year ended December 31, 2023, was RMB 535,062 (US$ 75,362), a significant improvement from the net loss of RMB 23,782,511 in 2022[1027] - Share-based compensation for 2023 amounted to RMB 2,575,340 (US$ 362,729), down from RMB 3,424,049 in 2022[1027] - Net cash provided by operating activities in 2023 was RMB 7,638,352 (US$ 1,075,839), compared to a net cash used in operating activities of RMB 9,554,309 in 2022[1027] - Depreciation and amortization expenses for 2023 were RMB 4,248,651 (US$ 598,410), a decrease from RMB 5,143,105 in 2022[1027] - Allowances for credit losses increased to RMB 2,090,866 (US$ 294,492) in 2023, up from RMB 1,062,265 in 2022[1027] - Net cash used in investing activities in 2023 was RMB 4,479,952 (US$ 630,988), an improvement from RMB 11,028,110 in 2022[1027] - Accumulated deficit as of December 31, 2023, was RMB 159,128,254 (US$ 22,412,746), slightly higher than RMB 159,590,989 at the beginning of the year[1025] - Foreign currency translation adjustments contributed RMB 642,852 to other comprehensive income in 2023[1025] - Repurchase of ordinary shares in 2023 amounted to RMB 112,666 (US$ 15,862)[1025] - Net cash provided by financing activities in 2023 was RMB 3,538,244 thousand (US$ 498,351 thousand), compared to a net cash used in financing activities of RMB 3,545,356 thousand in 2022[1029] - Cash and cash equivalents and restricted cash at the end of 2023 were RMB 28,468,077 thousand (US$ 4,009,644 thousand), an increase from RMB 21,676,541 thousand at the end of 2022[1029] - Proceeds from short-term and long-term borrowings in 2023 were RMB 10,241,344 thousand (US$ 1,442,463 thousand), a significant increase from RMB 3,821,492 thousand in 2022[1029] - Repayments of short-term and long-term borrowings in 2023 were RMB 6,725,333 thousand (US$ 947,244 thousand), a decrease from RMB 7,026,465 thousand in 2022[1029] Internal Controls and Audits - Audit fees paid to PricewaterhouseCoopers Zhong Tian LLP decreased from RMB 54 million in 2022 to RMB 38 million in 2023[979] - The company's internal control over financial reporting was effective as of December 31, 2023, as confirmed by management and external auditors[972][974] - The company's internal control over financial reporting was effective as of December 31, 2023, based on COSO criteria[1002] - The company's management is responsible for maintaining effective internal control over financial reporting[1003] - The audits were conducted in accordance with PCAOB standards to ensure the financial statements are free of material misstatement[1004] Cybersecurity - The company has not experienced any material cybersecurity incidents or identified material cybersecurity threats as of the report date[988] - The board of directors oversees cybersecurity risk management and is informed about risks from cybersecurity threats[989] Subsidiaries and VIE Structure - The company operates its global mobility technology platform through consolidated subsidiaries, VIEs, and VIEs' subsidiaries in China and overseas countries including Brazil and Mexico[1031] - Major subsidiaries such as Holly Universal Limited and DiDi (HK) Science and Technology Limited are 100% owned by the company[1032] - The company uses contractual agreements with VIEs to consolidate financial results under U.S. GAAP, despite restrictions on foreign ownership in certain PRC businesses[1033] - Risks related to the VIE structure include uncertainties due to potential future changes in PRC laws and regulations, which could impact the company's ability to consolidate VIEs[1040] - The Foreign Investment Law of the PRC, effective January 1, 2020, introduces uncertainties regarding the classification of contractual arrangements as foreign investment[1042] - The Group's VIEs have registered capital of approximately RMB14,357,869 as of December 31, 2022, and RMB13,202,870 as of December 31, 2023[1048] - The VIEs hold non-distributable statutory reserves of approximately RMB64,034 as of December 31, 2022, and RMB89,487 as of December 31, 2023[1048] - The Group's unrecognized revenue-producing assets held by the VIEs include online ride-hailing operation permits, ICP licenses, and internet data center services licenses[1048] Revenue and Expenses - The company recognized a gain of RMB2.1 billion from the sale of certain smart auto business to XPeng Inc., with contingent considerations based on milestone achievements[1010] - Total revenues for the year ended December 31, 2023, were RMB181,926,012, compared to RMB132,237,619 in 2022 and RMB168,311,395 in 2021[1050] - Net income for 2023 was RMB1,066,970, a significant improvement from a net loss of RMB297,389 in 2022 and RMB5,957,049 in 2021[1050] - Net cash provided by operating activities in 2023 was RMB17,154,763, compared to RMB4,628,428 in 2022 and RMB1,631,994 in 2021[1050] - The Group's total assets increased from RMB49,394,796 as of December 31, 2022, to RMB54,815,266 as of December 31, 2023[1049] - Cash and cash equivalents increased significantly from RMB5,558,835 as of December 31, 2022, to RMB14,631,898 as of December 31, 2023[1049] - Short-term borrowings increased from RMB199,807 as of December 31, 2022, to RMB2,651,153 as of December 31, 2023[1049] - The Group's foreign exchange gain for the year ended December 31, 2023, was RMB271,411, compared to a loss of RMB1,387,541 in 2022 and a gain of RMB70,265 in 2021[1062] - Cash and cash equivalents increased from RMB971,925 in 2022 to RMB1,620,687 in 2023, reflecting a significant growth in liquidity[1071] - Treasury investments at amortized cost primarily consist of time deposits with banks, and interest income is recognized using the effective interest method[1075] - Treasury investments under the fair value option (FVO) include structured notes with variable interest rates, and changes in fair value are reflected in investment income (loss)[1076] - Accounts and notes receivable, net, include unpaid fare amounts from riders and enterprise customers, as well as amounts paid by riders but not yet received by the company[1078] - The company assesses expected credit losses based on historical credit loss experience, current economic conditions, and forecasts of future economic conditions[1079] - Investment securities and other investments include equity securities with readily determinable fair value, which are carried at fair value with unrealized gains and losses recorded in comprehensive income[1081] - Property and equipment, including bikes and e-bikes, are depreciated over estimated useful lives of 2-3 years, while vehicles are depreciated over 3-5 years[1092] - Intangible assets, such as trademarks and patents, are amortized over estimated useful lives ranging from 3-10 years, while online payment licenses are considered to have indefinite lives[1097] - Goodwill impairment testing is conducted annually, with RMB2,501,100 of impairment loss recognized in 2021, and no impairment losses in 2022 and 2023[1100] - The Group's ride hailing services in the PRC accounted for more than 97% of total revenues from China Mobility for the years ended December 31, 2021, 2022, and 2023[1110] - Contract assets amounted to RMB299,095 and RMB293,605 as of December 31, 2022 and 2023, respectively[1125] - Contract liabilities as of December 31, 2022 and 2023 were RMB565,058 and RMB1,004,818, respectively[1126] - Appropriations to the general reserve for the years ended December 31, 2021, 2022, and 2023 amounted to RMB11,414, RMB41,411, and RMB30,777, respectively[1107] - The Group's international revenues are derived from ride hailing services in Brazil and Mexico, as well as food delivery and financial services[1114] - The Group considers itself as the principal for ride hailing services in the PRC due to its control over service delivery and pricing[1112] - The Group acts as an agent for ride hailing services in overseas countries, recognizing revenue upon completion of services by drivers[1117] - The Group's financial services in overseas countries include interest income from micro loans and credit card services[1118] - The Group's bike and e-bike sharing revenues are classified as operating leases under ASC 842[1119] - The Group's customer loyalty program provides service discount vouchers and gifts based on accumulated membership points[1130] - Incentives to consumers not considered as customers from an accounting perspective are recorded as a reduction of revenues[1131][1132] - Sales and marketing expenses for advertising and promotion totaled RMB5,401,408, RMB3,297,560, and RMB4,283,366 for the years ended December 31, 2021, 2022, and 2023, respectively[1138] - Incentives provided to consumers amounted to RMB7,465,226, RMB2,778,465, and RMB3,403,793 for the years ended December 31, 2021, 2022, and 2023, respectively[1138] - Government grants recognized as reduction of specific costs and expenses amounted to RMB990,038, RMB458,141, and RMB254,623 for the years ended December 31, 2021, 2022, and 2023, respectively[1142] - Employee benefits expenses for PRC employees were RMB1,808,321, RMB1,940,168, and RMB1,880,363 for the years ended December 31, 2021, 2022, and 2023, respectively[1153] Assets and Liabilities - Cash and cash equivalents increased from RMB20.86 billion in 2022 to RMB27.31 billion in 2023, reflecting a 30.9% growth[1015] - Total current assets grew from RMB51.05 billion in 2022 to RMB65.48 billion in 2023, a 28.2% increase[1015] - Accounts and notes receivable increased from RMB2.25 billion in 2022 to RMB3.29 billion in 2023, a 46.0% rise[1015] - Total liabilities increased from RMB21.79 billion in 2022 to RMB30.78 billion in 2023, a 41.2% growth[1015] - Short-term borrowings rose from RMB4.94 billion in 2022 to RMB7.68 billion in 2023, a 55.5% increase[1015] - Accounts and notes payable increased from RMB2.87 billion in 2022 to RMB4.56 billion in 2023, a 59.0% rise[1015] - Total non-current assets decreased slightly from RMB80.16 billion in 2022 to RMB78.35 billion in 2023, a 2.3% decline[1015] - Long-term treasury investments decreased from RMB10.20 billion in 2022 to RMB7.89 billion in 2023, a 22.6% reduction[1015] - Intangible assets, net, decreased significantly from RMB1.72 billion in 2022 to RMB675.69 million in 2023, a 60.8% decline[1015]
DiDi(DIDIY) - 2023 Q4 - Annual Results
2024-03-23 04:51
Revenue Growth - Total revenues for Q4 2023 reached RMB49.4 billion, a 55.4% increase YoY, with China Mobility segment revenues at RMB44.9 billion, up 60.9% YoY, and International segment revenues at RMB2.2 billion, up 33.3% YoY[2] - Full-year 2023 revenues were RMB192.4 billion, a 36.6% increase YoY, with China Mobility segment revenues at RMB175.0 billion, up 39.0% YoY, and International segment revenues at RMB7.8 billion, up 33.8% YoY[2] - Total revenues for the year ended December 31, 2023, increased to RMB 192,380 million, up from RMB 140,792 million in 2022, representing a growth of 36.6%[42] - China Mobility revenues for the year ended December 31, 2023, reached RMB 175,034 million, a 39.0% increase compared to RMB 125,931 million in 2022[42] - International revenues for the year ended December 31, 2023, grew to RMB 7,842 million, up 33.7% from RMB 5,863 million in 2022[42] - Total segment revenues grew from RMB 31,810 million in Q4 2022 to RMB 192,380 million in FY 2023, with China Mobility contributing the largest share at RMB 175,034 million in FY 2023[46] Net Income and Profitability - Net income for Q4 2023 was RMB1.1 billion, with net income attributable to ordinary shareholders at RMB0.8 billion, while full-year 2023 net income was RMB0.5 billion, with a net loss attributable to ordinary shareholders of RMB0.5 billion[3] - Net income for Q4 2023 was RMB1.1 billion, compared to a net loss of RMB0.7 billion in Q4 2022[24] - Net loss attributable to ordinary shareholders of DiDi Global Inc. for the year ended December 31, 2023, was RMB 502 million, significantly reduced from a net loss of RMB 24,682 million in 2022[42] - Net income (loss) improved from RMB (23,783) million in FY 2022 to RMB 535 million in FY 2023[49] Adjusted EBITA - Adjusted EBITA (Non-GAAP) for Q4 2023 was a loss of RMB1.3 billion, with China Mobility segment Adjusted EBITA at a gain of RMB1.4 billion, International segment at a loss of RMB1.1 billion, and Other Initiatives segment at a loss of RMB1.5 billion[4] - Adjusted EBITA loss increased by 31.5% YoY to RMB1.1 billion in Q4 2023, mainly due to higher incentive spending[19] - Adjusted EBITA (non-GAAP) improved from RMB (1,388) million in Q4 2022 to RMB (1,270) million in Q4 2023, and from RMB (12,769) million in FY 2022 to RMB (2,163) million in FY 2023[46] - China Mobility segment's Adjusted EBITA turned positive, reaching RMB 5,308 million in FY 2023 compared to RMB (1,450) million in FY 2022[46] - International segment's Adjusted EBITA loss narrowed from RMB (4,024) million in FY 2022 to RMB (2,323) million in FY 2023[46] Core Platform Transactions and GTV - Core Platform Transactions for Q4 2023 reached 3,715 million, a 64.8% increase YoY, with China Mobility segment transactions at 2,932 million, up 71.5% YoY, and International segment transactions at 783 million, up 43.9% YoY[6] - Core Platform Gross Transaction Value (GTV) for Q4 2023 was RMB93.2 billion, a 65.8% increase YoY, with China Mobility segment GTV at RMB71.7 billion, up 72.7% YoY, and International segment GTV at RMB21.5 billion, up 46.4% YoY[7] - GTV increased by 46.4% YoY to RMB21.5 billion in Q4 2023, driven by growth in the International segment[17] Platform Sales - Platform Sales from China Mobility and International segments for Q4 2023 were RMB15.5 billion, a 54.6% increase YoY, with China Mobility segment Platform Sales at RMB13.5 billion, up 63.6% YoY, and International segment Platform Sales at RMB2.0 billion, up 12.0% YoY[10] - Platform Sales grew by 12.0% YoY to RMB2.0 billion in Q4 2023, primarily due to International segment growth[18] Cash and Liquidity - Total cash and cash equivalents, restricted cash, and treasury investments were RMB55.6 billion as of December 31, 2023, compared to RMB48.8 billion as of December 31, 2022[5] - Cash and cash equivalents, restricted cash, and treasury investments totaled RMB55.6 billion as of December 31, 2023[31] - Cash and cash equivalents as of December 31, 2023, increased to RMB 27,308 million, up from RMB 20,855 million as of December 31, 2022[41] - Cash, cash equivalents, and restricted cash increased from RMB 21,676 million at the end of 2022 to RMB 28,468 million at the end of 2023[44] Operating Activities and Cash Flow - Net cash provided by operating activities was RMB7.6 billion for 2023, driven by net income and working capital adjustments[32] - Net cash provided by operating activities increased significantly from RMB (231) million in Q4 2022 to RMB 1,823 million in Q4 2023, and from RMB (9,554) million in FY 2022 to RMB 7,638 million in FY 2023[44] Segment Performance - China Mobility segment delivered average daily transactions of 31.9 million in Q4 2023, a record high, with plans to engage more actively with consumers and drivers in 2024[13] - International segment focused on key markets like Brazil and Mexico, with plans to balance investment and efficiency for sustainable growth and improved operating efficiency in 2024[16] Expenses and Costs - Cost of revenues for 2023 was RMB162.9 billion, representing 84.7% of total revenues, up from 82.2% in 2022[26] - Research and development expenses for the year ended December 31, 2023, were RMB 8,924 million, a decrease from RMB 9,536 million in 2022[42] - Sales and marketing expenses for the year ended December 31, 2023, were RMB 10,433 million, up from RMB 9,756 million in 2022[42] - Total depreciation expenses of property and equipment decreased from RMB 935 million in Q4 2022 to RMB 749 million in Q4 2023, and from RMB 3,512 million in FY 2022 to RMB 3,245 million in FY 2023[47] - Share-based compensation expenses reduced from RMB 838 million in Q4 2022 to RMB 522 million in Q4 2023, and from RMB 3,424 million in FY 2022 to RMB 2,575 million in FY 2023[49] - Amortization of intangible assets decreased significantly from RMB 419 million in Q4 2022 to RMB 31 million in Q4 2023, and from RMB 1,631 million in FY 2022 to RMB 1,003 million in FY 2023[49] Comprehensive Income and Liabilities - Total comprehensive income (loss) for the year ended December 31, 2023, was RMB 1,184 million, compared to a comprehensive loss of RMB 19,210 million in 2022[42] - Total current liabilities as of December 31, 2023, increased to RMB 28,545 million, up from RMB 20,248 million as of December 31, 2022[41] - Total assets as of December 31, 2023, were RMB 143,826 million, compared to RMB 131,213 million as of December 31, 2022[41] Share Repurchase - The company repurchased 14.9 million ADSs for approximately US$54.4 million under its share repurchase program[35]
Buy DiDi Global As Turnaround Has Not Been Recognized By Investors
Seeking Alpha· 2024-03-08 08:25
Sanya Kushak/iStock via Getty Images Investment Thesis DiDi Global (OTCPK:DIDIY) is China’s largest ride-hailing company. After experiencing the perfect-storm of regulatory crackdown in 2021 and a delisting in 2022, DiDi has started to regain momentum since 2023 as both regulatory environment and competitive environment have improved dramatically. Yet Didi’s stock has not reflected the positive changes in business fundamentals. I believe DiDi is significantly undervalued with an upside potential of more ...
北京协调滴滴、高德包片做好机场和火车站免费摆渡车二次接驳
北京日报客户端· 2024-02-16 07:35
转自:北京日报客户端 2月16日(正月初七)0-12时全市交通运行总体平稳 2月16日(正月初七)0-12时全市交通运行总体平稳。0-12时城际交通(民航客运)较2023年增长97.62%,市内公共交通(地面公交、轨道交通)较2023年下降25.38%。 路网运行方面,城市道路10-12时路网高峰平均交通指数2.25,运行平稳;高速公路交通量73.59万辆,较2023年增长19.41%,较2019年增长19.95%,环比增长3.85%;普通公路国省干线交通量32.11万辆,较2023年下降17.10%,较2019年下降19.06%,环比增长1.96%。 旅客运输方面,民航“两场”进港共计4.98万人次,较2023年增长97.62%,环比增长7.1%。 市内公共交通方面,轨道交通(含西郊线、亦庄T1线)进站量97.62万人次,较2023年下降31.98%,较2019年下降45.76%,环比下降2.41%。地面公交客运量124.57万人次,较2023年下降19.23%,较2019年下降56.52%,环比增长1.2%。 市交通运输执法总队共出动执法力量504人次,执法车辆78台次,重点围绕机场、景区商圈等客流集中区 ...
元旦假期滴滴打车需求涨150%,跨年夜打车需求涨7倍
财经网· 2024-01-03 14:03
2024年元旦假期,尽管天气寒冷,依旧不影响大家出游欢聚和迎接新年的热情。滴滴出行数据显示,元旦假期打车需求相比上年同期上涨超150%,跨年夜1月1日凌晨达到最高峰,打车需求相比节前涨700%。 见证跨年仪式,多地跨年打车需求涨幅数十倍 不少城市举办了烟花秀、灯光秀、零点倒计时等活动庆祝新年。2024年1月1日1点-2点成为元旦假期打车需求涨幅最高的时段,比节前上涨超700%。跨年夜叫车需求排名前三的城市是北京、上海和广州。上海、西安、长沙、武汉1日凌晨叫车需求高峰持续到4点。 苏州寒山寺1日凌晨0点至1点附近用车需求相比节前涨3000%。重庆解放碑附近凌晨1点到3点用车需求相比节前涨4000%。香港维多利亚港举办了历年来最大规模跨年烟花汇演,元旦假期在香港使用滴滴出行App的打车需求同比上涨近450%,出入境口岸、酒店和香港国际机场成为了元旦期间最热门的打车区域。 新年前往玉龙雪山、梅里雪山等雪山及雪山观景台的叫车需求同比上涨近170%。为了更好地捕捉“日照金山”的镜头,不少游客在凌晨0点-2点打车前往雪山观景。 还有不少人选择在新年欢聚,元旦假期滴滴代驾订单同比上涨92%,其中北京、成都、上海、苏州、广州 ...
元旦假期滴滴打车需求同比涨超150%
界面新闻· 2024-01-02 20:36
滴滴出行1月2日发布元旦出行数据报告。滴滴出行数据显示,元旦假期打车需求相比上年同期上涨超150%,跨年夜1月1日凌晨达到最高峰,打车需求相比节前涨幅超700%。1月1日1点-2点成为元旦假期打车需求涨幅最高的时段,比节前上涨超700%。跨年夜叫车需求排名前三的城市是北京、上海和广州。 海量资讯、精准解读,尽在新浪财经APP ...
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