TuanChe (TC) Tops Q2 EPS by 2c, Revenues Beat
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TuanChe Announces Unaudited Second Quarter 2020 Financial Results
September 18, 2020 6:00 AM EDTBEIJING, Sept. 18, 2020 /PRNewswire/ -- TuanChe Limited ("TuanChe," "Company," "we" or "our") (NASDAQ: TC), a leading omni-channel automotive marketplace in China, today announced its unaudited financial results for the second quarter ended June 30, 2020.
Key Second Quarter 2020 Financial and Operating Metrics Compared with the Prior Year Period
The Company's financial and operational results for the second quarter of 2020 have been materially and adversely impacted by the COVID-19 pandemic:
Net revenues decreased by 73.1% to RMB54.7 million (US$7.7 million) from RMB203.5 million. Gross profit decreased by 70.1% to RMB43.0 million... More