China's mobile transportation platform DIDI 1Q result:
Revenue 49.1 billion yuan
Adjusted EBITA 923 million yuan
Net loss 1.35 billion yuan
Adjusted EBITA 923 million yuan
Net loss 1.35 billion yuan
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MonkeyGee : is that good or bad numbers?
MrM MonkeyGee : Good numbers. High growth. Net loss due to investment loss in Xpeng. If exclude that, it is profitable for the three time. Ebitda profitable.
MonkeyGee MrM : so, I don't remember if it was it 3 qtr or 4 qtr of positive EPS before they can list in HK.
MrM MonkeyGee : I see many Didi’s ride hailing competitors like Caocao, Dida, Ruqi etc submitted their HK IPO application. I doubt they are profitable at all and I guess IPO requirement is higher compared to Didi’s listing by introduction in HK?
MonkeyGee MrM : really, so positive earnings are not required for listing? I am sure I read it somewhere.
MrM MonkeyGee : Not too sure bro, maybe it has been changed? My thinking is simple, if it is required, why would Didi’s competitors waste their time and apply for it in the first place? Let’s see how it goes.
耐心等待2024 MonkeyGee : The rules have been changed, and now the requirements must not be broken. Otherwise, how can Kuaishou go on the market