TuanChe Limited (NASDAQ:TC) Q3 2021 Results Conference Call January 13, 2022 8:00 AM ET Company Participants Cynthia Tan - IR Representative Wei Wen - Chief Executive Officer Chenxi Yu - Deputy Chief Financial Officer Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by for TuanChe Limited Third Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a question-and-answer session. T ...

Financial Data and Key Metrics Changes - The company's net revenues for Q4 2020 were RMB165.8 million, which grew 65.7% compared to the previous quarter but decreased 9.3% year-over-year [5][14] - The net loss attributable to shareholders narrowed to RMB25.4 million in Q4 2020, a 38.4% improvement from Q3 2020 and a 62.5% decrease year-over-year [5][14] - Gross profit for Q4 2020 was RMB120.6 million, down 8.7% year-over-year but up 67.3% quarter-over-quarter, with a gross margin of 72.8% [17] Business Segment Data and Key Metrics Changes - Revenues from offline marketing services, primarily from auto shows, decreased by 24.4% year-over-year to RMB128.8 million but increased 55.9% from Q3 2020 [16] - Special promotion events generated RMB1.1 million in Q4 2020, down 84.9% year-over-year [16] - Revenues from virtual dealership and online marketing services surged 579.2% year-over-year to RMB35.9 million, driven by successful online promotion events and strategic collaborations [10][17] Market Data and Key Metrics Changes - Passenger vehicle retail sales in China grew 7.5% year-over-year in Q4 2020, contributing to the company's revenue growth [5] - For the first two months of 2021, auto passenger retail sales in China grew close to 70% year-over-year, indicating a strong recovery in the market [26] Company Strategy and Development Direction - The company is focusing on a hybrid model that combines offline auto shows with online marketing services, aiming to adapt to changing consumer behaviors towards online commerce [10][13] - The management believes that the auto show business will remain a core part of the revenue mix, while online services will continue to grow significantly [30] Management Comments on Operating Environment and Future Outlook - The management expressed optimism about the macroeconomic recovery in China, which is expected to support growth in the automotive sector throughout 2021 [28] - The company anticipates a significant increase in net revenues for Q1 2021, projecting between RMB76 million and RMB80 million, representing a year-over-year increase of approximately 684% to 725.5% [20] Other Important Information - The company maintained a healthy balance of cash and cash equivalents, totaling RMB185.4 million, providing a runway for future growth [14] - The company is evaluating a proposal for potential privatization, which is currently under review by a special committee [24] Q&A Session Summary Question: Status update on the proposal for taking the company private - The company is evaluating the proposal in-depth and is in the process of forming a special committee for further evaluation [24] Question: Consumer appetite for big-ticket purchases and overall financial health of auto partners - The macro economy in China is improving significantly, with auto passenger retail sales growing close to 70% year-over-year in early 2021 [26] Question: Expectations for new passenger auto sales growth throughout 2021 - The management is optimistic about continued growth in the auto sector for 2021, supported by positive macroeconomic trends [28] Question: Future focus on virtual dealership versus offline auto shows - The auto show business will remain a core product, but online services are expected to become an important part of future growth [30] Question: Recovery timeline for the number of auto show events - The company aims to recover the number of auto shows to levels seen in 2018 and 2019, prioritizing ROI and operational efficiencies [33] Question: Plans for operating expense investments as revenue recovers - Operating expenses are expected to increase in absolute figures, but the percentage of operating expenses relative to revenue will be lower than in previous years [35]

TuanChe Limited (NASDAQ:TC) Q3 2020 Earnings Conference Call December 18, 2020 7:30 AM ET Company Participants Cynthia Tan - Investor Relations Wei Wen - Chief Executive Officer Chenxi Yu - Deputy Chief Financial Officer Conference Call Participants Jack Vander Aarde - Maxim Group Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by to welcome to TuanChe Limited Third Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. After pre ...

TuanChe Limited (NASDAQ:TC) Q2 2020 Results Conference Call September 18, 2020 8:00 AM ET Company Participants Cynthia Tan - Investor Relations Wei Wen - Chief Executive Officer Chenxi Yu - Deputy Chief Financial Officer Conference Call Participants Jack Vander Aarde - Maxim Group Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to TuanChe Limited Second Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. After p ...

TuanChe Limited (NASDAQ:TC) Q1 2020 Earnings Conference Call July 2, 2020 8:00 AM ET Company Participants Cynthia Tan - Investor Relations, Director Wei Wen - Chief Executive Officer Chenxi Yu - Deputy Chief Financial Officer Conference Call Participants Laura Liu - Stone Street Group Jack Vander Aarde - Maxim Group Operator Good morning and good evening ladies and gentlemen. Thank you for standing by and welcome to TuanChe Limited First Quarter 2020 Earnings Conference Call. At this time, all participants ...