TuanChe (TC) Tops Q4 EPS by 34c, Revenues Beat
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TuanChe Announces Unaudited Fourth Quarter and Full Year 2020 Financial Results
April 12, 2021 6:00 AM EDTBEIJING, April 12, 2021 /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 fourth quarter and full year ended December 31, 2020.
Key Fourth Quarter 2020 Financial and Operating Metrics Compared with the Prior Year Period
The Company's financial and operational results for the fourth quarter of 2020:
Net revenues decreased by 9.3% to RMB165.8 million (US$25.4 million) from RMB182.8 million. Gross profit decreased by 8.7% to RMB120.6 million (US$18.5 million) from RMB132.1 million. Gross margin... More