TuanChe (TC) Reports Q4 Loss of $0.03 on Revenues of $26.3M

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TuanChe Announces Unaudited Fourth Quarter and Full Year 2019 Financial Results

April 15, 2020 6:00 AM EDT

BEIJING, April 15, 2020 /PRNewswire/ -- TuanChe Limited ("TuanChe" or the "Company") (NASDAQ: TC), a leading omni-channel automotive marketplace in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2019.

Key Fourth Quarter 2019 Financial and Operating Metrics Compared with the Prior Year Period

Net revenues decreased by 19.3% to RMB182.8 million (US$26.3 million) from RMB226.4 million. Gross profit decreased by 19.1% to RMB132.1 million (US$19.0 million) from RMB163.3 million. Gross margin increased to 72.3% from 72.1%. Quarterly number of auto shows organized... More