Exhibit 99.1
Jianpu Technology Inc. Reports First Half 2020 Unaudited Financial Results
Jianpu Technology Inc.
Unaudited Condensed Consolidated Balance Sheets
As of December 31, | As of June 30, | |||||||||||
(In thousands except for number of shares and per share data) | 2019 | 2020 | 2020 | |||||||||
RMB | RMB | US$i | ||||||||||
ASSETS | ||||||||||||
Current assets: | ||||||||||||
Cash and cash equivalents | 694,910 | 668,148 | 94,570 | |||||||||
Restricted time deposits | 249,770 | 411,025 | 58,177 | |||||||||
Accounts receivable, net (including amounts billed through RONG360 of RMB3,549 and RMB3,394 as of December 31, 2019 and June 30, 2020, respectively) | 345,525 | 338,341 | 47,889 | |||||||||
Amount due from related party | 7,082 | 6,656 | 942 | |||||||||
Prepayments and other current assets | 118,423 | 133,985 | 18,964 | |||||||||
Total current assets | 1,415,710 | 1,558,155 | 220,542 | |||||||||
Non-current assets: | ||||||||||||
Property and equipment, net | 36,686 | 22,583 | 3,196 | |||||||||
Intangible assets, net | 27,061 | 45,569 | 6,450 | |||||||||
Goodwill | 12,697 | 14,151 | 2,003 | |||||||||
Restricted cash, time deposit and investment | 124,407 | — | — | |||||||||
Other non-current assets | 45,160 | 36,217 | 5,126 | |||||||||
Total non-current assets | 246,011 | 118,520 | 16,775 | |||||||||
Total assets | 1,661,721 | 1,676,675 | 237,317 | |||||||||
LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY | ||||||||||||
Current liabilities: | ||||||||||||
Short-term borrowings | 60,000 | 158,477 | 22,431 | |||||||||
Accounts payable | 184,318 | 215,057 | 30,439 | |||||||||
Advances from customers | 44,000 | 42,434 | 6,006 | |||||||||
Tax payable | 22,168 | 26,021 | 3,683 | |||||||||
Amount due to related party | 34,310 | 40,003 | 5,662 | |||||||||
Accrued expenses and other current liabilities | 224,018 | 187,202 | 26,497 | |||||||||
Total current liabilities | 568,814 | 669,194 | 94,718 | |||||||||
Non-current liabilities: | ||||||||||||
Defered tax liabilities | 5,801 | 8,430 | 1,193 | |||||||||
Other non-current liabilities | 15,145 | 11,677 | 1,653 | |||||||||
Total non-current liabilities | 20,946 | 20,107 | 2,846 | |||||||||
Total liabilities | 589,760 | 689,301 | 97,564 |
iThis announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.0651 to US$1.00, the rate in effect as of June 30, 2020 as certified for customs purposes by the Federal Reserve Bank of New York.
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Jianpu Technology Inc.
Unaudited Condensed Consolidated Balance Sheets
As of December 31, | As of June 30, | |||||||||||
(In thousands except for number of shares and per share data) | 2019 | 2020 | 2020 | |||||||||
RMB | RMB | US$ | ||||||||||
Mezzanine equity: | ||||||||||||
Redeemable noncontrolling interest | 5,556 | 4,891 | 692 | |||||||||
Shareholders’ equity: | ||||||||||||
Ordinary shares: US$0.0001 par value, 1,500,000,000 shares authorized, 430,463,797 shares (including 333,992,002 Class A ordinary shares, and 96,471,795 Class B ordinary shares) issued and 422,683,735 shares (including 326,211,940 Class A ordinary shares, and 96,471,795 Class B ordinary shares) outstanding as of December 31, 2019, and 430,463,797 shares (including 333,992,002 Class A ordinary shares, and 96,471,795 Class B ordinary shares) issued and 422,988,972 shares (including 326,517,177 Class A ordinary shares, and 96,471,795 Class B ordinary shares) outstanding as of June 30, 2020, respectively. | 286 | 286 | 40 | |||||||||
Treasury stock, at cost (7,780,062 and 7,474,825 shares held as of December 31, 2019 and June 30, 2020, respectively) | (102,222 | ) | (101,991 | ) | (14,436 | ) | ||||||
Additional paid-in capital | 1,902,105 | 1,908,784 | 270,171 | |||||||||
Accumulated losses | (792,985 | ) | (918,430 | ) | (129,995 | ) | ||||||
Statutory reserves | 1,900 | 1,900 | 269 | |||||||||
Accumulated other comprehensive income | 52,308 | 64,032 | 9,063 | |||||||||
Total Jianpu’s shareholders’ equity | 1,061,392 | 954,581 | 135,112 | |||||||||
Noncontrolling interest | 5,013 | 27,902 | 3,949 | |||||||||
Total shareholders’equity | 1,066,405 | 982,483 | 139,061 | |||||||||
Total liabilities, mezzanine equity and shareholders’ equity | 1,661,721 | 1,676,675 | 237,317 |
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Jianpu Technology Inc.
Unaudited Condensed Consolidated Statements of Comprehensive Loss
For the Six Months Ended June 30, | ||||||||||||
(In thousands except for number of shares and per share data) | 2019 | 2020 | 2020 | |||||||||
RMB | RMB | US$ | ||||||||||
Revenues: | ||||||||||||
Recommendation services: | ||||||||||||
Loans [a] | 535,968 | 46,668 | 6,605 | |||||||||
Credit cards | 288,680 | 170,813 | 24,177 | |||||||||
Total recommendation services | 824,648 | 217,481 | 30,782 | |||||||||
Advertising, marketing and other services [b] | 105,345 | 84,663 | 11,984 | |||||||||
Total revenues | 929,993 | 302,144 | 42,766 | |||||||||
Cost of revenues [c] | (80,334 | ) | (56,046 | ) | (7,933 | ) | ||||||
Gross profit | 849,659 | 246,098 | 34,833 | |||||||||
Operating expenses: | ||||||||||||
Sales and marketing [d] | (709,457 | ) | (235,659 | ) | (33,355 | ) | ||||||
Research and development | (155,607 | ) | (75,565 | ) | (10,696 | ) | ||||||
General and administrative | (92,474 | ) | (64,126 | ) | (9,076 | ) | ||||||
Penalties | (30,000 | ) | — | — | ||||||||
Loss from operations | (137,879 | ) | (129,252 | ) | (18,294 | ) | ||||||
Net interest income/ (loss) | 3,148 | (852 | ) | (121 | ) | |||||||
Others, net | 6,089 | 4,681 | 663 | |||||||||
Loss before income tax | (128,642 | ) | (125,423 | ) | (17,752 | ) | ||||||
Income tax (expenses)/ benefits | (4,286 | ) | 202 | 28 | ||||||||
Net loss | (132,928 | ) | (125,221 | ) | (17,724 | ) | ||||||
Less: net loss attributable to noncontrolling interests | (15,523 | ) | (2,597 | ) | (368 | ) | ||||||
Net loss attributable to Jianpu’s shareholders | (117,405 | ) | (122,624 | ) | (17,356 | ) | ||||||
Other comprehensive (loss)/ income, net | ||||||||||||
Foreign currency translation adjustments | (129 | ) | 11,647 | 1,649 | ||||||||
Total other comprehensive (loss)/ income | (129 | ) | 11,647 | 1,649 | ||||||||
Total comprehensive loss | (133,057 | ) | (113,574 | ) | (16,075 | ) | ||||||
Less: total comprehensive loss attributable to noncontrolling interests | (15,505 | ) | (2,673 | ) | (378 | ) | ||||||
Total comprehensive loss attributable to Jianpu’s shareholders | (117,552 | ) | (110,901 | ) | (15,697 | ) | ||||||
Net loss per share attributable to Jianpu’s shareholders | ||||||||||||
Basic | (0.28 | ) | (0.29 | ) | (0.04 | ) | ||||||
Diluted | (0.28 | ) | (0.29 | ) | (0.04 | ) | ||||||
Net loss per ADS attributable to Jianpu’s shareholders | ||||||||||||
Basic | (5.63 | ) | (5.80 | ) | (0.82 | ) | ||||||
Diluted | (5.63 | ) | (5.80 | ) | (0.82 | ) | ||||||
Weighted average number of shares | ||||||||||||
Basic | 418,822,656 | 422,860,303 | 422,860,303 | |||||||||
Diluted | 418,822,656 | 422,860,303 | 422,860,303 |
[a] Including revenues from related party of RMB19,706 and RMB580 for the six months ended June 30, 2019 and 2020, respectively.
[b] Including revenues from related party of RMB2,898 and RMB1,716 for the six months ended June 30, 2019 and 2020, respectively.
[c] Including cost of revenues from related party of nil and RMB2,371 for the six months ended June 30, 2019 and 2020, respectively.
[d]Including expenses from related party of RMB18,480 and nil for the six months ended June 30, 2019 and 2020, respectively.
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