Financial Performance - Total revenues for the six months ended September 30, 2022 decreased by 32.2% to RMB114.8 million (US$16.1 million) from RMB169.5 million during the same period of the fiscal year 2022[4] - Gross Merchandise Value (GMV) for the six months ended September 30, 2022 was RMB2,828 million (US$397.6 million), a decrease of 48.1% period-over-period[4] - Live Video Broadcast (LVB) associated GMV for the six months ended September 30, 2022 decreased by 45.6% to RMB2,703 million (US$379.9 million), accounting for 95.6% of total GMV[4] - Commission revenues for the six months ended September 30, 2022 decreased by 38.6% to RMB71.7 million (US$10.1 million) from RMB116.8 million in the same period of the fiscal year 2022[7] - Marketing services revenues for the six months ended September 30, 2022 decreased by 77.1% to RMB3.0 million (US$0.4 million) from RMB13.0 million in the same period of the fiscal year 2022[7] - Technology service revenues for the six months ended September 30, 2022 increased by 170.8% to RMB28.1 million (US$3.9 million) from RMB10.4 million in the same period of fiscal year 2022[7] - Loss from operations for the six months ended September 30, 2022 was RMB48.1 million (US$6.8 million), compared to a loss from operations of RMB430.1 million in the same period of the fiscal year 2022[11] - Adjusted EBITDA for the six months ended September 30, 2022 was negative RMB17.1 million (US$2.4 million), compared to negative RMB72.7 million in the same period of the fiscal year 2022[11] - Net loss attributable to MOGU Inc. for the six months ended September 30, 2022, was RMB 57,438, compared to a net loss of RMB 411,926 for the same period in 2021[26] - Net loss for the six months ended September 30, 2022, was RMB 58,845, a significant decrease from RMB 414,017 in the same period of 2021[30] Cash and Assets - Cash and cash equivalents, restricted cash, and short-term investments were RMB604.8 million (US$85.0 million) as of September 30, 2022, compared with RMB636.3 million as of March 31, 2022[12] - Cash and cash equivalents decreased to RMB 392,970 as of September 30, 2022, from RMB 438,608 as of March 31, 2022, representing a decline of 10.4%[23] - Total current assets decreased to RMB 669,503 as of September 30, 2022, down 6.9% from RMB 718,912 as of March 31, 2022[23] - Cash and cash equivalents and restricted cash at the end of the period were RMB 393,779, down from RMB 507,855 at the beginning of the period[28] Expenses and Liabilities - Research and development expenses for the six months ended September 30, 2022, were RMB 20,922, a decrease of 53.7% from RMB 45,227 in the same period of 2021[26] - Total liabilities increased slightly to RMB 325,285 as of September 30, 2022, compared to RMB 334,825 as of March 31, 2022[23] - Share-based compensation expenses increased slightly to RMB 8,836 from RMB 7,915 year-over-year[30] - Interest expense for the six months ended September 30, 2022, was RMB 328, compared to no interest expense in the prior year[30] - Amortization of intangible assets decreased to RMB 20,022 from RMB 160,190 year-over-year[30] Investment and Gains - The company reported a gain from investments of RMB 19,431 in the current period, contrasting with a loss of RMB 7,822 in the prior year[30] Strategic Outlook - The company aims to enhance its market position through strategic initiatives and product development in the upcoming quarters[30]
MOGU(MOGU) - 2023 Q4 - Annual Report