Secoo Holding Ltd (SECO)

[StockLogistics]

“Gross loss was RMB 571.6 million (US$85.3 million) for the first six months of 2022, compared with gross profit of RMB302.5 million for the same period in 2021.

Gross Margin decreased to negative 49.1% for the first six months of 2022, compared with 19.8% for the same period in 2021. The decrease was mainly due to the increase of inventory write-downs.

Loss from operations for the first six months of 2022 was RMB763.3 million (US$114.0 million), compared with RMB8.3 million for the same period in 2021.

Non-GAAP loss from operations, which excludes share-based compensation expenses, was RMB763.7 million (US$114.0 million) for the first six months of 2022, compared with RMB6.0 million for the same period in 2021.

Dow Jones Newswires

December 30, 2022 05:45 ET (10:45 GMT)”