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Sina Technologies News Beijing time, November 19 evening news, China's financial technology enterprises Rong360 Jane Technology (NYSE: JT) today released the third quarter of fiscal year 2018 as of September 30, total revenue of 443.7 million yuan (about 64.6 million U.S. dollars), down 5.1% year-on-year. The net loss was 53 million 500 thousand yuan (US $7 million 800 thousand), compared with a net loss of 16 million 700 thousand yuan in the same period last year. Based on non-US GAAP, net loss was RMB 8.8 million ($2.9 million), compared with RMB 16.3 million in the same period last year.
Third quarter results:
The total revenue was 443 million 700 thousand yuan (US $64 million 600 thousand), down 5.1% compared with the same period last year.
Revenue costs were 47.4 million yuan ($6.9 million), up 13.4% from 41.8 million yuan in the same period last year.
Gross profit was 396.4 billion yuan ($57.7 million), down 6.9% from 426 million yuan in the same period last year.
Sales and marketing expenditure was 341 billion yuan ($49.6 million), down 12.1% from 387.8 billion yuan in the same period last year.
R&D expenditure was 63.5 million yuan ($9.2 million), up 81.9% from 34.9 million yuan in the same period last year.
General and administrative expenditure was 48.4 million yuan (about $700,000), up 221% from 15.1 million yuan in the same period last year.
The net loss was 53.5 million yuan ($7.8 million), compared with 16.7 million yuan in the same period last year. The net loss rate was -12.1%, while the net loss rate in the same period last year was -3.6%.
Based on non-US GAAP, net loss was RMB 8.8 million ($2.9 million), compared with RMB 16.3 million in the same period last year.
As of September 30, 2018, Jane Pop Technologies had cash, cash equivalents, limited-term deposits and short-term investments of 1,378.6 billion yuan ($200.7 billion).
On August 24, the board of directors approved a share repurchase plan, which will buy back up to $20 million of company stock in the next 12 months. As of November 16th, general technology has repurchased about $4 million 900 thousand of stock.
Janpu Technology expects total revenue to reach 680 million yuan in fiscal fourth quarter of 2018, an increase of about 16.3% over the same period last year.
The JSP Technology Management Team will hold a earnings conference at 8 a.m. Eastern Time on November 19 (Beijing/Hong Kong time, 9 p.m. on November 19). Investor Relations Channel http://ir.jianpu.ai of JSP Technology Website will broadcast the conference live and provide audio recordings. (Li Ming)
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