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36Kr Holdings Inc. (KRKR)

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  • Benzinga

    36KR Holdings: Q3 Earnings Insights

    Shares of 36KR Holdings (NASDAQ:KRKR) moved higher by 0.3% in pre-market trading after the company reported Q3 results.Quarterly Results Earnings per share increased 86.11% year over year to ($0.05), which beat the estimate of ($0.06).Revenue of $18,182,000 declined by 0.74% from the same period last year, which beat the estimate of $17,400,000.Outlook Earnings guidance hasn't been issued by the company for now.36KR Holdings hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: Nov 30, 2020View more earnings on KRKRTime: 08:00 AMET Webcast URL: https://edge.media-server.com/mmc/p/mi6pkhygPrice Action Company's 52-week high was at $9.4952-week low: $2.29Price action over last quarter: Up 0.29%Company Description 36KR Holdings Inc is engaged in providing content and business services to new economy participants in the People's Republic of China. The firm's production process comprises of content creation, content editing, screening and monitoring, and content distribution. It distributes content through a variety of channels, including both self-operated and third-party platforms namely Weibo, Weixin/WeChat, Toutiao, Baidu, and Zhihu. The company mainly generates revenues from providing online advertising services, enterprise value-added services, and subscription services.See more from Benzinga * Click here for options trades from Benzinga * Earnings Scheduled For November 30, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • GlobeNewswire

    36Kr Holdings Inc. Reports Third Quarter 2020 Unaudited Financial Results

    BEIJING, Nov. 30, 2020 (GLOBE NEWSWIRE) -- 36Kr Holdings Inc. (“36Kr” or the “Company” or “We”) (NASDAQ: KRKR), a prominent brand and a pioneering platform dedicated to serving New Economy participants in China, today announced its unaudited financial results for the third quarter 2020 ended September 30, 2020. Third Quarter 2020 Operational and Financial Highlights * Average monthly page views (“PV”) for the twelve-month period ended September 30, 2020 increased by 45.4% to 566.3 million, from 389.5 million for the twelve-month period ended September 30, 2019.   * Net loss attributable to 36Kr Holdings Inc.'s ordinary shareholders was RMB14.0 million (US$2.1 million), compared to RMB635.6 million in the same period of 2019.First Nine Months 2020 Financial Highlights * Net loss attributable to 36Kr Holdings Inc.'s ordinary shareholders was RMB188.9 million (US$27.8 million), compared to RMB949.1 million in the same period of 2019. Selected Operating Data  For the Nine Months Ended September 30,   2019 2020  Online advertising services      Number of online advertising services end customers 329 354  Average revenue per online advertising services end customer (RMB’000)1 406.0 292.3         Enterprise value-added services      Number of enterprise value-added services end customers 241 172  Average revenue per enterprise value-added services end customer (RMB’000)2 684.8 882.8         Subscription services      Number of individual subscribers 14,052   5,777  Average revenue per individual subscriber (RMB)3 1,377.1 484.1         Number of institutional investor subscribers 127 102  Average revenue per institutional investor subscriber (RMB’000)4 101.3 67.0         Number of enterprise subscribers 262 392  Average revenue per enterprise subscriber (RMB’000)5 7.5 0.9  1 Equals revenues generated from online advertising services for a period divided by the number of online advertising services end customers in the same period. 2 Equals revenues generated from enterprise value-added services for a period divided by the number of enterprise value-added services end customers in the same period. 3 Equals revenues generated from individual subscription services for a period divided by the number of individual subscribers in the same period. 4 Equals revenues generated from institutional investor subscription services for a period divided by the number of institutional investor subscribers in the same period. 5 Equals revenues generated from enterprise subscription services for a period divided by the number of enterprise subscribers in the same period. Mr. Dagang Feng, co-chairman and chief executive officer of 36Kr, commented, “With a focus on operations during the third quarter, we achieved encouraging sequential recovery across key traffic metrics, despite the impact of lingering pandemic-related macro challenges. In the third quarter, we reached a record high average monthly PV of 566.3 million for the twelve months ended September 30, 2020, marking our 10th consecutive quarter of PV growth. Our livestreaming and short-video content initiatives continue to attract increasing traffic and drive greater engagement, especially with the younger generation. Notably, we also achieved year-over-year revenue growth in our enterprise value-added services in the third quarter, demonstrating the vitality and robustness of this business segment. “Our fundamentals remain solid and as COVID-19 containment measures are gradually relaxed in China, most offline activities are returning to normalcy. As we broaden industry-leading professionally generated content (“PGC”) and user generated content (“UGC”) production capabilities along with our innovative and attractive value-added services, we are well positioned in the booming New Economy community. Supported by our stellar brand, we will continue our strategic efforts to boost the diversity of our product and service offerings, optimize our network communities, increase our customer base and further explore new growth opportunities to improve our monetization capabilities,” Mr. Feng concluded. Ms. Jihong Liang, director, and chief financial officer of 36Kr, stated, “Despite the challenging operating environment, our third quarter financial performance showed meaningful improvement, particularly on a quarter-over-quarter basis. Nevertheless, our total revenues in this quarter slightly decreased on a year-over-year basis, which was primarily attributable to the lingering impact of COVID-19. We have achieved positive operating cash flow for the second consecutive quarter, which further reflects our capabilities to navigate market dynamics. In addition, our account receivables continued to improve, supported by our adjusted prepayment policies and our optimization of client base for a better quality. Moreover, we maintained prudent investment in technologies that are critical to further innovation and future growth. We remain committed to the promising development of the New Economy and believe our competitive strengths will allow us to withstand challenges and thrive in the community with our partners.” Third Quarter 2020 Financial ResultsTotal revenues were RMB123.5 million (US$18.2 million) in the third quarter of 2020, compared to RMB130.9 million in the same period of 2019. * Online advertising services revenues decreased by 5.5% to RMB51.1 million (US$7.5 million) in the third quarter of 2020, from RMB54.1 million in the same period of 2019. The decrease was primarily attributable to the relatively weak demand from certain advertisers in the wake of COVID-19.   * Enterprise value-added services revenues increased by 3.8% to RMB66.4 million (US$9.8 million) in the third quarter of 2020, from RMB64.0 million in the same period of 2019. The increase was primarily attributable to the recovering demands from certain enterprise value-added services customers.   * Subscription services revenues were RMB6.0 million (US$0.9 million) in the third quarter of 2020, compared to RMB12.9 million in the same period of 2019. The decrease was primarily attributable to the decrease of individual subscription revenues associated with relatively weak demand.Cost of revenues was RMB76.6 million (US$11.3 million) in the third quarter of 2020, compared to RMB75.8 million in the same period of 2019.Gross profit was RMB46.8 million (US$6.9 million) in the third quarter of 2020, compared to RMB55.1 million in the same period of 2019.Operating expenses were RMB63.2 million (US$9.3 million) in the third quarter of 2020, compared to RMB77.9 million in the same period of 2019. The decrease was mainly due to decrease in general and administrative expenses in the third quarter of 2020. * Sales and marketing expenses were RMB31.6 million (US$4.7 million) in the third quarter of 2020, compared to RMB31.8 million in the same period of 2019. The decrease was primarily attributable to the decrease of payroll-related expenses, partially offset by the increase of share-based compensation expenses.   * General and administrative expenses decreased by 45.3% to RMB20.5 million (US$3.0 million) in the third quarter of 2020, compared to RMB37.4 million in the same period of 2019. The decrease was primarily attributable to the decrease of share-based compensation expenses, partially offset by the increase of professional fees.   * Research and development expenses increased by 28.6% to RMB11.2 million (US$1.6 million) in the third quarter of 2020, compared to RMB8.7 million in the same period of 2019. The increase was primarily attributable to the increase in technology expenses related to technology procurement, device maintenance and testing.Share-based compensation expenses recognized in cost of revenues, sales and marketing expenses, research and development expenses, and general and administrative expenses in total were RMB4.6 million (US$0.7 million) in the third quarter of 2020 and RMB25.8 million in the same period of 2019.Other income was RMB2.5 million (US$0.4 million) in the third quarter of 2020, compared to RMB12.8 million that included an income of RMB11.5 million from the realized disposal gain associated with the overseas business investment in the same period of 2019.Income tax expenses were RMB21 thousand (US$3 thousand) in the third quarter of 2020, compared to RMB2.4 million in the same period of 2019.Net loss was RMB14.0 million (US$2.1 million) in the third quarter of 2020, compared to RMB12.4 million in the same period of 2019. Non-GAAP adjusted net loss6 was RMB9.3 million (US$1.4 million) in the third quarter of 2020, compared to Non-GAAP adjusted net income RMB13.4 million in the same period of 2019.Net loss attributable to 36Kr Holdings Inc.'s ordinary shareholders was RMB14.0 million (US$2.1 million) in the third quarter of 2020, compared to RMB635.6 million in the same period of 2019, which included the accretion on redeemable non-controlling interests, accretion and re-designation effect of convertible redeemable preferred shares.Basic and diluted net loss per share were both RMB0.014 (US$0.002) in the third quarter of 2020, compared to RMB2.535 in the same period of 2019. ____________________________6 Non-GAAP adjusted income/(loss) represents net income/(loss) excluding share-based compensation expenses. Certain Balance Sheet ItemsAs of September 30, 2020, the Company had cash and cash equivalents, restricted cash and short-term investments of RMB199.0 million (US$29.3 million), compared to RMB264.2 million as of December 31, 2019.First Nine Months 2020 Financial ResultsTotal revenues were RMB265.3 million (US$39.1 million) in the first nine months of 2020, compared to RMB332.8 million in the same period of 2019. The decrease was primarily attributable to the negative impact of COVID-19 to the overall market. * Online advertising services revenues decreased by 22.5% to RMB103.5 million (US$15.2 million) in the first nine months of 2020, from RMB133.6 million in the same period of 2019.   * Enterprise value-added services revenues decreased by 8.0% to RMB151.9 million (US$22.4 million) in the first nine months of 2020, from RMB165.0 million in the same period of 2019.     * Subscription services revenues were RMB10.0 million (US$1.5 million) in the first nine months of 2020, compared to RMB34.2 million in the same period of 2019.Cost of revenues was RMB190.8 million (US$28.1 million) in the first nine months of 2020, compared to RMB214.0 million in the same period of 2019. The decrease was primarily attributable to the decrease of revenues affected by the negative impact of COVID-19 to the overall market.Gross profit was RMB74.5 million (US$11.0 million) in the first nine months of 2020, compared to RMB118.8 million in the same period of 2019.Operating expenses were RMB265.5 million (US$39.1 million) in the first nine months of 2020, compared to RMB191.5 million in the same period of 2019. The increase was mainly due to increases in general and administrative expenses and sales and marketing expenses in the first nine months of 2020. * Sales and marketing expenses increased by 29.3% to RMB105.5 million (US$15.5 million) in the first nine months of 2020, compared to RMB81.6 million in the same period of 2019. The increase was primarily attributable to an increase in share-based compensation expenses and marketing expenses. * General and administrative expenses were RMB130.6 million (US$19.2 million) in the first nine months of 2020, compared to RMB84.3 million in the same period of 2019. The increase was primarily attributable to an increase in the allowance for doubtful accounts and professional fees, partially offset by the decrease of share-based compensation expenses. * Research and development expenses increased by 14.3% to RMB29.3 million (US$4.3 million) in the first nine months of 2020, compared to RMB25.6 million in the same period of 2019. The increase was primarily attributable to the increase of technology expenses related to technology procurement device maintenance and testing and share-based compensation expenses, partially offset by the decrease of payroll-related expenses.Share-based compensation expenses recognized in cost of revenues, sales and marketing expenses, research and development expenses, and general and administrative expenses in total were RMB30.2 million (US$4.5 million) in the first nine months of 2020 and RMB54.9 million in the same period of 2019 that included RMB26.8 million arising from the effect of re-designation of ordinary shares to convertible redeemable preferred shares.Other income was RMB1.8 million (US$0.3 million) in the first nine months of 2020, which included a loss of RMB7.7 million from equity method investments and an income of RMB5.0 million from government grants, compared to an income of RMB15.1 million that included a gain of RMB11.5 million from realized disposal gain associated with the overseas business investment in the same period of 2019.Income tax expenses were RMB16 thousand (US$2 thousand) in the first nine months of 2020, compared to RMB0.3 million in the same period of 2019.Net loss was RMB189.2 million (US$27.9 million) in the first nine months of 2020, compared to RMB57.9 million in the same period of 2019. The increase was primarily attributable to the negative impact of COVID-19 to the overall market, which led to a decrease of total revenues and cost of revenues and an increase in total operating expenses. Non-GAAP adjusted net loss7 was RMB159.0 million (US$23.4 million) in the first nine months of 2020, compared to RMB3.0 million in the same period of 2019.Net loss attributable to 36Kr Holdings Inc.'s ordinary shareholders was RMB188.9 million (US$27.8 million) in the first nine months of 2020, compared to RMB949.1 million in the same period of 2019, which included the accretion on redeemable non-controlling interests, accretion and re-designation effect of convertible redeemable preferred shares.Basic and diluted net loss per share were both RMB0.185 (US$0.027) in the first nine months of 2020, compared to RMB3.239 in the same period of 2019. ____________________________7 Non-GAAP adjusted income/(loss) represents net income/(loss) excluding share-based compensation expenses. Share Repurchase ProgramOn May 6, 2020, the Company announced that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to a total of 1,000,000 of its American Depositary Shares (“ADSs”), each representing 25 Class A Ordinary Shares. As of September 30, 2020, the Company had repurchased approximately US$1.2 million of its ADSs under this program.Conference CallThe Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on November 30, 2020 (9:00 PM Beijing/Hong Kong Time on November 30, 2020). Details for the conference call are as follows:Event Title:36Kr Holdings Inc. Third Quarter 2020 Earnings Conference Call Conference ID:8996858 Registration Link:http://apac.directeventreg.com/registration/event/8996858 All participants must use the link provided above to complete the online registration process at least 20 minutes in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in number, Direct Event passcode, and a unique registrant ID, which will be used to join the conference call.Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.36kr.com.A replay of the conference call will be accessible approximately two hours after the conclusion of the live call until December 7, 2020, by dialing the following telephone numbers:United States:+1-855-452-5696 International:+61-2-8199-0299 Hong Kong, China:800-963-117 Mainland China:400-632-2162 Replay Access Code:8996858 About 36Kr Holdings Inc.36Kr Holdings Inc. is a prominent brand and a pioneering platform dedicated to serving New Economy participants in China with the mission of empowering New Economy participants to achieve more. The Company started its business with high-quality New Economy-focused content offerings, covering a variety of industries in China’s New Economy with diverse distribution channels. Leveraging traffic brought by high-quality content, the Company has expanded its offerings to business services, including online advertising services, enterprise value-added services and subscription services to address the evolving needs of New Economy companies and upgrading needs of traditional companies. The Company is supported by comprehensive database and strong data analytics capabilities. Through diverse service offerings and the significant brand influence, the Company is well-positioned to continuously capture the high growth potentials of China’s New Economy. Use of Non-GAAP Financial MeasuresIn evaluating its business, the Company considers and uses two non-GAAP measures, adjusted net income/(loss) and adjusted EBITDA, as supplemental measures to review and assess its operating performance. The presentation of these two non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company presents these non-GAAP financial measures because they are used by the Company’s management to evaluate its operating performance and formulate business plans. The Company also believes that the use of these non-GAAP measures facilitates investors' assessment of its operating performance.These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expense that affect our operations. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.The Company compensates for these limitations by reconciling these non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company performance. The Company encourages investors to review its financial information in its entirety and not rely on a single financial measure.Adjusted net income/(loss) represents net income/(loss) excluding share-based compensation expenses.Adjusted EBITDA represents adjusted net income/(loss) before interest income, interest expenses, income tax expense/(credit), depreciation of property and equipment and amortization of intangible assets.  For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of GAAP and non-GAAP results” set forth at the end of this press release.Exchange Rate InformationThis 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 Renminbi to U.S. dollars and from U.S. dollars to Renminbi are made at a rate of RMB6.7896 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on of September 30, 2020.Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goal and strategies; the Company’s future business development, results of operations and financial condition; relevant government policies and regulations relating to our business and industry; the Company’s expectations regarding the use of proceeds from this offering; the Company’s expectations regarding demand for, and market acceptance of, its services; the Company’s ability to maintain and enhance its brand; the Company’s ability to provide high-quality content in a timely manner to attract and retain users; the Company’s ability to retain and hire quality in-house writers and editors; the Company’s ability to maintain cooperation with third-party professional content providers; the Company’s ability to maintain relationship with third-party platforms; general economic and business condition in China; possible disruptions in commercial activities caused by natural or human-induced disasters; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact:In China:36Kr Holdings Inc. Investor Relations Tel: +86 (10) 5825-4188 E-mail: ir@36kr.comThe Piacente Group, Inc. Jenny Cai Tel: +86 (10) 6508-0677 E-mail: 36Kr@tpg-ir.comIn the United States:The Piacente Group, Inc. Brandi Piacente Tel: +1-212-481-2050 E-mail: 36Kr@tpg-ir.com  36Kr Holdings Inc.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET   December 31, 2019 September 30, 2020 September 30, 2020  RMB’000 RMB’000 US$’000        Assets      Current assets:      Cash and cash equivalents177,372   105,585   15,551  Restricted cash505   8   1  Short‑term investments86,362   93,386   13,754  Accounts receivable, net 538,537   362,307   53,362  Receivables due from related parties 4,615   964   142  Prepayments and other current assets 41,852   19,915   2,933  Total current assets 849,243    582,165    85,743   Non‑current assets:        Property and equipment, net15,964   12,815   1,887  Intangible assets, net356   485   71  Equity method investments 41,861   33,308   4,906  Deferred tax assets 3,391   3,534   521  Operating lease right-of-use assets, net*-   31,312   4,612  Goodwill-   1,395   205  Other non-current assets-  1,965  289  Total non‑current assets 61,572   84,814  12,491  Total assets 910,815    666,979    98,234          Liabilities                                                Current liabilities:      Accounts payable 139,336  69,179  10,189  Salary and welfare payables 50,721  40,266    5,931  Taxes payable 35,341  16,283  2,398  Deferred revenue 8,161   20,067   2,956  Amounts due to related parties-   1,211   178  Accrued liabilities and other payables 33,308  11,728  1,727  Short-term lease liabilities*-   15,388   2,266  Total current liabilities 266,867   174,122  25,645  Non-current liabilities:      Long-term lease liabilities*   -   16,012   2,358  Total non-current liabilities    -   16,012    2,358   Total liabilities 266,867     190,134  28,003         Shareholders’ equity       Ordinary shares679  689    101  Treasury stock(2,333)  (10,597)  (1,561) Additional paid-in capital 2,000,267   2,031,631   299,227  Accumulated deficit (1,358,350) (1,547,221) (227,881) Accumulated other comprehensive loss (3,054)  (4,576)  (674) Total 36Kr Holdings Inc.'s shareholders’ equity637,209  469,926  69,212  Non-controlling interests 6,739  6,919   1,019  Total shareholders’ equity  643,948   476,845    70,231  Total liabilities and shareholders’ equity910,815  666,979  98,234  *The Company has adopted Accounting Standards Update No. 2016-02, Leases, beginning January 1, 2020 on a modified retrospective basis. As a result, the Company recognized approximately RMB31.3 million of right-of-use assets, RMB15.4 million of short-term lease liabilities and RMB16.0 million of long-term lease liabilities, respectively, to the unaudited condensed consolidated balance sheet as of September 30, 2020. The adoption had no impact on the Company’s opening balances of accumulated deficit as of January 1, 2020. 36Kr Holdings Inc.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS Three Months Ended  Nine Months Ended  September 30, 2019 September 30, 2020 September 30, 2020 September 30, 2019 September 30, 2020 September 30, 2020  RMB’000 RMB’000 US$’000 RMB’000 RMB’000 US$’000 Revenues:            Online advertising services 54,082   51,095   7,525   133,559   103,477   15,241  Enterprise value-added services 63,974   66,404   9,780   165,046   151,850   22,365  Subscription services 12,867   5,957   877   34,192   9,990   1,471  Total revenues 130,923    123,456    18,182      332,797   265,317    39,077   Cost of revenues  (75,837) (76,626) (11,286)  (213,957) (190,798) (28,102) Gross profit   55,086   46,830  6,896   118,840   74,519  10,975  Operating expenses:            Sales and marketing expenses (31,756) (31,611) (4,656)  (81,636)   (105,540) (15,544) General and administrative expenses  (37,416) (20,450) (3,012)  (84,265) (130,644) (19,242) Research and development expenses  (8,695) (11,181)  (1,647)  (25,643) (29,301)  (4,316) Total operating expenses   (77,867) (63,242) (9,315)  (191,544) (265,485) (39,102) Loss from operations   (22,781) (16,412) (2,419)  (72,704) (190,966) (28,127) Other income/(expenses):            Share of loss from equity method investments-   (2,021)  (298) -   (7,728)  (1,138) Gain on disposal of a subsidiary 11,454   -  -   11,454   -  -  Short-term investment income 880   583   86   3,261   1,069   157  Others, net  462    3,905   575   399  8,430  1,242  Loss before income tax   (9,985) (13,945) (2,056)  (57,590) (189,195) (27,866) Income tax expenses (2,383)  (21)  (3)  (276)  (16)  (2) Net loss (12,368) (13,966) (2,059)  (57,866) (189,211) (27,868) Accretion on redeemable non-controlling interests to   redemption value(1,477) -  -  (1,808) -  -  Accretion of convertible redeemable preferred shares to   redemption value(276,012) -  -  (517,023) -  -  Re-designation of Series A-1 into Series B-3 convertible   redeemable preferred shares-  -  -  (26,787) -  -  Redesignate from ordinary shares to A-1, A-2, B-1, B-2,   B-3, and issuance of A-1. A-2. B-1, B-2, B-3 preferred shares(309,984) -  -  (309,984) -  -  Redesignate from ordinary shares to C-2 (36,977) -  -   (36,977) -  -  Net loss/(income) attributable to non-controlling interests 1,215   (50)  (7)  1,351   340   50  Net loss attributable to 36Kr Holdings Inc.’s ordinary shareholders  (635,603) (14,016) (2,066) (949,094) (188,871) (27,818)              Net loss(12,368) (13,966) (2,059) (57,866)  (189,211) (27,868) Other comprehensive loss            Foreign currency translation adjustments (82)  (3,667)  (540) (85)  (1,522)  (224) Total other comprehensive loss(82)  (3,667)  (540) (85)  (1,522)  (224)                    Total comprehensive loss(12,450) (17,633)  (2,599) (57,951)  (190,733) (28,092)  Accretion on redeemable non-controlling interests to   redemption value(1,477)   -  -  (1,808)  -   -  Accretion of convertible redeemable preferred shares to   redemption value(276,012)  -  -  (517,023)  -  -  Re-designation of Series A-1 into Series B-3 convertible   redeemable preferred shares-   -   -  (26,787)   -   -  Redesignate from ordinary shares to A-1, A-2, B-1, B-2,   B-3, and issuance of A-1. A-2. B-1, B-2, B-3 preferred shares(309,984) -  -  (309,984)  -  -  Redesignate from ordinary shares to C-2(36,977) -  -  (36,977)  -  -  Net loss/(income) attributable to non-controlling interests1,215  (50) (7) 1,351  340  50  Comprehensive loss attributable to 36Kr Holdings Inc.’s ordinary shareholders  (635,685)   (17,683)  (2,606)   (949,179)  (190,393)   (28,042)                    Net loss per ordinary share (RMB)                  Basic(2.535) (0.014) (0.002)  (3.239)  (0.185) (0.027) Diluted(2.535) (0.014)  (0.002) (3.239) (0.185) (0.027) Net loss per ADS (RMB)                  Basic -  (0.344)  (0.051)   -  (4.625)  (0.681)  Diluted -  (0.344)  (0.051)   -  (4.625) (0.681)  Weighted average number of ordinary shares used in per share calculation                  Basic 250,756,678  1,019,876,247   1,019,876,247   281,664,251   1,020,871,848   1,020,871,848  Diluted 250,756,678  1,019,876,247   1,019,876,247   281,664,251   1,020,871,848   1,020,871,848  Weighted average number of ADS used in per ADS calculation                  Basic -  40,795,050  40,795,050  -  40,834,874  40,834,874  Diluted -  40,795,050  40,795,050   -  40,834,874  40,834,874                     36Kr Holdings Inc.UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS   Three Months Ended  Nine Months Ended  September 30, 2019 September 30, 2020 September 30, 2020 September 30, 2019 September 30, 2020 September 30, 2020  RMB’000 RMB’000 US$’000 RMB’000 RMB’000 US$’000              Net loss(12,368) (13,966) (2,059)  (57,866) (189,211) (27,868) Share-based compensation expenses25,750   4,618   680  54,858   30,215   4,450  Non-GAAP adjusted net income/(loss)13,382  (9,348) (1,379)  (3,008)   (158,996) (23,418) Interest expenses/(income), net 101   (561)  (83)  147   (1,343)  (198) Income tax expenses 2,383   21   3   276   16   2  Depreciation and amortization expenses 900   1,518   224   2,815   4,081   601  Non-GAAP adjusted EBITDA 16,766  (8,370) (1,235)  230   (156,242) (23,013)

  • GlobeNewswire

    36Kr Holdings Inc. to Report Third Quarter 2020 Financial Results on Monday, November 30, 2020

    Earnings Call Scheduled for 8:00 a.m. ET on November 30, 2020BEIJING, Nov. 24, 2020 (GLOBE NEWSWIRE) -- 36Kr Holdings Inc. (“36Kr” or the “Company” or “We”) (NASDAQ: KRKR), a prominent brand and a pioneering platform dedicated to serving New Economy participants in China, today announced that it will report its third quarter 2020 unaudited financial results, on Monday, November 30, 2020, before the open of U.S. markets. The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on November 30, 2020 (9:00 PM Beijing/Hong Kong Time on November 30, 2020). Details for the conference call are as follows:Event Title:36Kr Holdings Inc. Third Quarter 2020 Earnings Conference Call Conference ID:8996858 Registration Link:http://apac.directeventreg.com/registration/event/8996858 All participants must use the link provided above to complete the online registration process at least 20 minutes in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in number, Direct Event passcode, and a unique registrant ID, which will be used to join the conference call.Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.36kr.com.A replay of the conference call will be accessible approximately two hours after the conclusion of the live call until December 7, 2020, by dialing the following telephone numbers:United States:+1-855-452-5696 International:+61-2-8199-0299 Hong Kong, China:800-963-117 Mainland China:400-632-2162 Replay Access Code:8996858 About 36Kr Holdings Inc.36Kr Holdings Inc. is a prominent brand and a pioneering platform dedicated to serving New Economy participants in China with the mission of empowering New Economy participants to achieve more. The Company started its business with high-quality New Economy-focused content offerings, covering a variety of industries in China’s New Economy with diverse distribution channels. Leveraging traffic brought by high-quality content, the Company has expanded its offerings to business services, including online advertising services, enterprise value-added services and subscription services to address the evolving needs of New Economy companies and upgrading needs of traditional companies. The Company is supported by comprehensive database and strong data analytics capabilities. Through diverse service offerings and the significant brand influence, the Company is well-positioned to continuously capture the high growth potentials of China’s New Economy.For more information, please visit: http://ir.36kr.com.For investor and media inquiries, please contact: In China:36Kr Holdings Inc. Investor Relations Tel: +86 (10) 5825-4188 E-mail: ir@36kr.comThe Piacente Group, Inc. Jenny Cai Tel: +86 (10) 6508-0677 E-mail: 36Kr@tpg-ir.comIn the United States:The Piacente Group, Inc. Brandi Piacente Tel: +1-212-481-2050 E-mail: 36Kr@tpg-ir.com