Secoo Holding Ltd said its normalized net income for the first quarter amounted to a loss of 3.36 yuan per share, compared with a loss of 1.06 yuan per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 29.7 million yuan, compared with a loss of 6.8 million yuan in the prior-year period.
The normalized profit margin declined to negative 13.6% from negative 4.6% in the year-earlier period.
Total revenue rose 47.4% on an annual basis to 217.6 million yuan from 147.6 million yuan, and total operating expenses rose 66.7% on an annual basis to 263.9 million yuan from 158.3 million yuan.
Reported net income came to a loss of 166.1 million yuan, or a loss of 18.80 yuan per share, compared to a loss of 36.5 million yuan, or a loss of 5.66 yuan per share, in the year-earlier period.
As of June 12, US$1 was equivalent to 6.21 yuan.
