TuanChe Ltd. TuanChe Limited is a China-based company principally operates an omni-channel automotive marketplace. The Company mainly provides integrated marketing solutions and virtual dealership services. Its integrated marketing solutions include transaction-facilitating auto shows. The Company mainly conducts its businesses through two segments: Auto Shows and Group-purchase Facilitation segments. Its auto shows involves four phases: annual planning, event request initiation, event planning and event execution. Its services in virtual dealership includes distribution channel expansion services for automakers and sourcing services for secondary dealers. Its online platform consists of its Website tuanche.com, its official WeChat account, its WeChat mini-program and its mobile applications.
TuanChe Limited (Nasdaq: TC) For the full year 2019, the Company's net revenues decreased slightly by 1% YoY to ~RMB645 million (US$92.6 million,) with annual number of auto sales transactions facilitated increased by 2% YoY, outperforming the annual decline of ~8% for the overall auto industry in China, where December marked the 18th consecutive month of a year-over-year decline in industry-wide passenger car sales in China. TuanChe's average gross margin remained flat YoY at 71.1%.
Shares of TuanChe (NASDAQ:TC) were unchanged in pre-market trading after the company reported Q4 results.Quarterly Results Earnings per share decreased 400.00% year over year to ($0.03).Revenue of $26,260,000 was down by 20.26% from the same period last year.Guidance Earnings guidance hasn't been issued by the company for now.Q1 revenue expected to be between $1,293,000 and $1,436,000.How To Listen To The Conference Call Date: Apr 15, 2020View more earnings on TCTime: 07:04 AM ETWebcast URL: https://78449.choruscall.com/dataconf/productusers/tc/mediaframe/36418/indexr.htmlTechnicals Company's 52-week high was at $7.6652-week low: $1.12Price action over last quarter: down 0.64%Company Description TuanChe Ltd is an omnichannel automotive marketplace in China. The company operates in two b...
TuanChe Limited ("TuanChe" or the "Company") (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, 2019.