Financial Data and Key Metrics Changes - As of June 30, 2024, the company reported a total revenue of 4.04 billion, representing a year-on-year growth of 2% [1] - The adjusted net profit reached 1.3 billion, showing a significant increase of 51.3% year-on-year [1][2] - The gross margin was reported at 73.3%, a decrease of 3% compared to the previous year [2] Business Line Data and Key Metrics Changes - The ride-sharing business generated nearly 3.9 billion, accounting for 96.3% of total revenue, with a year-on-year growth of 4.1% [2] - The number of certified private car owners in the ride-sharing segment grew by 17% to 17.68 million [1] - The total transaction volume for the ride-sharing business reached 40 billion, with an order volume of 62 million [1] Market Data and Key Metrics Changes - The company operates ride-sharing services in 366 cities and has launched taxi-hailing services in 96 cities [1] - The company signed strategic cooperation agreements in 76 cities for its new taxi-hailing strategy [1] Company Strategy and Development Direction - The company aims to enhance operational efficiency by dynamically adjusting pricing and incentives based on supply-demand relationships [1] - Future strategies include deepening partnerships with reputable companies and expanding user base through various channels [1] - The company plans to explore carbon trading opportunities related to ride-sharing services [1] Management Comments on Operating Environment and Future Outlook - Management acknowledged external challenges such as a sluggish economy and competitive pressure from low-priced ride-hailing products [2] - The company is adjusting its market investment strategies to improve return on investment [2] - Management expressed confidence in the company's ability to share profits with shareholders through dividends or stock buybacks in the near future [2] Other Important Information - The company has a cash reserve of 1.66 billion, with a net cash position of 1 billion after accounting for user withdrawals and other payables [2] Q&A Session Summary Question: Future growth strategy given lower revenue growth compared to profit growth - Management attributed the slower revenue growth to external economic conditions and competitive pressures, while outlining a strategy focused on optimizing pricing and operations based on route characteristics [2] Question: Plans for shareholder returns - Management confirmed intentions to consider dividends or stock buybacks as a way to share profits with shareholders, given the strong cash flow and financial health [2] Question: Impact of autonomous driving on business - Management sees autonomous driving as a potential opportunity to enhance service efficiency and is exploring how to integrate this technology into their existing business model [2]
嘀嗒出行(02559) - 2024 Q2 - 业绩电话会