UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2025
Commission File Number: 001-39117
36Kr Holdings Inc.
(Exact Name of Registrant as Specified in Its
Charter)
Building B6, Universal Business Park,
No. 10 Jiuxianqiao Road,
Chaoyang District, Beijing, People’s Republic of China, 100015
+86 10 8965-0708
(Address of principal executive offices)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
| |
|
|
36Kr Holdings Inc. |
| |
|
|
|
|
| Date: |
March 11, 2025 |
|
By: |
/s/
Dagang Feng |
| |
|
|
|
Name: |
Dagang Feng |
| |
|
|
|
Title: |
Co-chairman and Chief Executive Officer |
EXHIBIT INDEX
Exhibit 99.1
36Kr Holdings Inc. Reports Unaudited Financial
Results for the Second Half and Fiscal Year 2024
BEIJING, March 11, 2025 / 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 six months and fiscal year ended December 31, 2024.
Financial and Operational Highlights for the Second
Half of 2024
| · | Number of followers1 as of December 31, 2024, reached 35.9 million, an increase
of 10% from 32.7 million as of December 31, 2023. |
| · | Total revenues were RMB128.7 million (US$17.6 million) in the second half of 2024, compared to
RMB200.3 million in the same period of 2023. |
| · | Revenues from online advertising services were RMB100.2 million (US$13.7 million) in the second
half of 2024, compared to RMB139.8 million in the same period of 2023. |
| · | Revenues from enterprise value-added services were RMB19.4 million (US$2.7 million) in the second
half of 2024, compared to RMB40.5 million in the same period of 2023. |
| · | Revenues from subscription services were RMB9.0 million (US$1.2 million) in the second half of
2024, compared to RMB20.0 million in the same period of 2023. |
| · | General and administrative expense was RMB30.3 million (US$4.1 million) in the second half of 2024,
representing a 58% decrease from RMB72.2 million in the same period of 2023. |
Financial and Operational Highlights for the Fiscal
Year 2024
| · | Total revenues were RMB231.1 million (US$31.7 million) in fiscal year 2024, compared to RMB340.2
million in fiscal year 2023. |
| · | Revenues from online advertising services were RMB180.6 million (US$24.7 million) in fiscal year
2024, compared to RMB238.7 million in fiscal year 2023. |
| · | Revenues from enterprise value-added services were RMB32.8 million (US$4.5 million) in fiscal year
2024, compared to RMB67.3 million in fiscal year 2023. |
| · | Revenues from subscription services were RMB17.6 million (US$2.4 million) in fiscal year 2024,
compared to RMB34.2 million in fiscal year 2023. |
| · | General and administrative expense was RMB93.1million (US$12.8million), representing a year-over-year
decrease of 13% from RMB107.0 million. |
1 “Number
of followers” refers to the aggregate number of followers across the official accounts we own and/or operate on various social media
and online platforms, including but not limited to Weixin, Weibo, Zhihu, Toutiao, Xinhua Net, Douyin and Bilibili.
Selected Operating Data
| | |
For the Fiscal Year Ended December 31, | |
| | |
2023 | | |
2024 | |
| Online advertising services | |
| | | |
| | |
| Number of online advertising services end customers | |
| 488 | | |
| 411 | |
| Average revenue per online advertising services end customer (RMB’000)2 | |
| 489.1 | | |
| 439.4 | |
| | |
| | | |
| | |
| Enterprise value-added services | |
| | | |
| | |
| Number of enterprise value-added services end customers | |
| 306 | | |
| 158 | |
| Average revenue per enterprise value-added services end customer (RMB’000)3 | |
| 219.9 | | |
| 207.8 | |
| | |
| | | |
| | |
| Subscription services | |
| | | |
| | |
| Number of individual subscribers | |
| 46 | | |
| 16 | |
| Average revenue per individual subscriber (RMB)4 | |
| 143,091 | | |
| 24,637.5 | |
| | |
| | | |
| | |
| Number of institutional investors | |
| 185 | | |
| 231 | |
| Average revenue per institutional investor (RMB’000)5 | |
| 149.2 | | |
| 74.6 | |
Mr.
Dagang Feng, Co-chairman and CEO of 36Kr, commented, “Amid the challenging external environment of 2024, we maintained our focus
on long-term strategy and achieved significant operational efficiency improvements. Furthermore, by consistently enriching our content
ecosystem, expanding our products and service offerings, and refining our omni-channel distribution matrix, we increased the number of
our followers by 10% year-over-year to 36 million as of the end of 2024, marking our 16th consecutive quarter of follower growth. Looking
ahead to 2025, we will continue to implement our innovative content initiatives and harness AI-driven opportunities to drive the Company’s
high-quality, sustainable development.”
Mr. Xiang Li, Chief Financial Officer of
36Kr, added, “We significantly enhanced operational efficiency throughout 2024, cutting our total operating expenses by 50% year-over-year
for the second half of 2024 and 31% for the full year. For the second half of 2024, our total operating expenses as a percentage of total
revenues decreased by 17 percentage points year-over-year, and our gross profit margin remained above 50%. Heading into 2025, we will
focus on amplifying our core competitive advantages and explore broader AI-powered commercialization strategies to create value for our
stakeholders.”
2 Equals revenues generated from online advertising services
for a period divided by the number of online advertising services end customers in the same period.
3 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.
4 Equals revenues generated from individual subscription
services for a period divided by the number of individual subscribers in the same period.
5 Equals revenues generated from institutional investor
subscription services for a period divided by the number of institutional investors in the same period.
Unaudited Financial Results of the Second Half of 2024
Total
revenues were RMB128.7 million (US$17.6 million) in the second half of 2024, compared to RMB200.3 million in the same period
of 2023.
| · | Online advertising services revenues were
RMB100.2 million (US$13.7 million) in the second half of 2024, compared to RMB139.8 million in the same period of 2023. The decrease was
primarily due to the reduction in advertising spending by advertisers from certain industries and our proactive efforts to cease collaboration
with certain customers with relatively high credit risk. |
| · | Enterprise value-added services revenues were RMB19.4 million (US$2.7 million) in the second half
of 2024, compared to RMB40.5 million in the same period of 2023. The decrease was primarily attributable to strategically refocusing on
the core high-margin business through the elimination of underperforming regional operations. |
| · | Subscription services revenues were RMB9.0 million (US$1.2 million) in the second half of 2024,
compared to RMB20.0 million in the same period of 2023. The decrease was primarily driven by fluctuations that resulted in lower-than-anticipated
revenue. |
Cost
of revenues was RMB61.8 million (US$8.5 million) in the second half of 2024, compared to RMB88.1 million in the same period
of 2023. The decrease was primarily attributable to the operating cost reductions in line with the decline in our revenues.
Gross
profit was RMB66.9 million (US$9.2 million) in the second half of 2024, compared to RMB112.2 million in the same period of
2023. Gross profit margin was 52.0% in the second half of 2024, compared to 56.0% in the same period of 2023.
Operating
expenses were RMB73.1 million (US$10.0 million) in the second half of 2024, compared to RMB147.5 million in the same period
of 2023, representing a decrease of 50% year-over-year.
| · | Sales and marketing expenses were RMB37.2 million (US$5.1 million) in the second half of 2024,
a decrease of 40.7% from RMB62.7 million in the same period of 2023. The decrease was primarily attributable to the decrease in payroll-related
expenses, rental expenses, and marketing and promotional expenses. |
| · | General and administrative expenses were RMB30.3 million (US$4.1 million) in the second half of
2024, a 58.0% decrease compared to RMB72.2 million in the same period of 2023. The decrease was primarily attributable to a decline in
personnel-related expenses. |
| · | Research and development expenses were RMB5.6 million (US$0.8 million) in the second half of 2024,
a decrease of 55.6% from RMB12.6 million in the same period of 2023. The decrease was primarily due to the workforce restructuring to
enhance R&D efficiency. |
Share-based
compensation gains recognized in cost of revenues, sales and marketing expenses, and research and development expenses, as well as general
and administrative expenses, totaled RMB0.22 million (US$30.7 thousand) in the second half of 2024, compared to share-based compensation
expenses of RMB0.97 million in the same period of 2023. The change was primarily attributable to the reversal of SBC expenses resulting
from strategic workforce realignment.
Other
expenses were RMB38.6 million (US$5.3 million) in the second half of 2024, compared to RMB1.1 million of other expenses
in the same period of 2023. The increase was mainly due to the impairment loss of long-term investment.
Income
tax credits were RMB1 thousand (US$0.1 thousand) in the second half of 2024, compared to RMB148 thousand of income tax expenses
in the same period of 2023.
Net
loss was RMB44.9 million (US$6.1 million) in the second half of 2024, compared to RMB36.6 million in the same period of 2023.
Non-GAAP adjusted net loss6 was RMB45.1 million (US$6.2 million) in the second half of 2024, compared to non-GAAP adjusted
net loss of RMB35.6 million in the same period of 2023.
Net
loss attributable to 36Kr Holdings Inc.'s ordinary shareholders was RMB42.3 million (US$5.8 million) in the second half of
2024, compared to RMB37.7 million in the same period of 2023.
Basic
and diluted net loss per ADS7 were both RMB19.999 (US$2.740) in the second half of 2024, compared to RMB17.977
in the same period of 2023.
Certain Balance Sheet Items
As of December 31,
2024, the Company had cash, cash equivalents and short-term investments of RMB91.7 million (US$12.6 million).
Unaudited Financial Results of Fiscal
Year 2024
Total
revenues were RMB231.1 million (US$31.7 million) in fiscal year 2024, compared to RMB340.2 million in fiscal year 2023.
| · | Online advertising services revenues were
RMB180.6 million (US$24.7 million) in fiscal year 2024, compared to RMB238.7 million in fiscal year 2023. The decrease was primarily driven
by clients' advertising budget reductions coupled with our proactive efforts to cease collaboration with certain customers with relatively
high credit risk. |
| · | Enterprise value-added services revenues were RMB32.8 million (US$4.5 million) in fiscal year 2024,
compared to RMB67.3 million in fiscal year 2023. The decrease was primarily due to our ongoing refinement of service offerings by shrinking
several regional operations to accelerate focus on cash flow optimization and efficiency improvement. |
| · | Subscription services revenues were RMB17.6 million (US$2.4 million) in fiscal year 2024, compared
to RMB34.2 million in fiscal year 2023. The decrease was mainly attributable to a strategic transition in the business model for training
services. |
Cost
of revenues was RMB118.7 million (US$16.3 million) in fiscal year 2024, compared to RMB158.2 million in fiscal year 2023. The
decrease was primarily attributable to a decrease in operating costs resulting from our improved efficiency.
Gross
profit was RMB112.3 million (US$15.4 million) in fiscal year 2024, compared to RMB182.0 million in fiscal year 2023. Gross
profit margin was 48.6% in fiscal year 2024 compared to 53.5% in the same period of 2023.
Operating
expenses were RMB190.1 million (US$26.0 million) in fiscal year 2024, compared to RMB276.2 million in fiscal year 2023, representing
a decrease of 31.2% year-over-year.
| · | Sales and marketing expenses were RMB82.6 million (US$11.3 million) in fiscal year 2024, a decrease
of 35.2% from RMB127.5 million in fiscal year 2023. The decrease was primarily attributable to the decrease in payroll-related expenses,
rental expenses, and marketing and promotional expenses. |
| · | General and administrative expenses were RMB93.1 million (US$12.8 million) in fiscal year 2024,
a 13.0% decrease compared to RMB107.0 million in fiscal year 2023. The decrease was largely attributable to the decrease in personnel-related
expenses and partially offset by doubtful accounts loss. |
6 Non-GAAP adjusted income/(loss) represents net income/(loss)
excluding share-based compensation expenses/(gain).
7 On October 3, 2024, we effected a change in the
ratio of our ADSs to Class A ordinary shares from one ADS representing twenty-five Class A ordinary shares to a new ratio of one ADS
representing five hundred Class A ordinary shares. Basic and diluted net loss per ADS have been retrospectively adjusted to reflect
this ADS ratio change for all periods presented.
| · | Research and development expenses were RMB14.4 million (US$2.0 million) in fiscal year 2024, a
decrease of 65.5% from RMB41.7 million in fiscal year 2023. The decrease was primarily due to the decrease in the average compensation
level for our R&D personnel as we restructured our R&D team. |
Share-based
compensation gains recognized in cost of revenues, sales and marketing expenses, and research and development expenses, as well as general
and administrative expenses, totaled RMB0.18 million (US$24.3 thousand) in fiscal year 2024, compared to RMB4.7 million of share-based
compensation expenses in fiscal year 2023. The change was mainly due to the reversal of SBC expenses caused by strategic workforce optimization.
Other
expenses were RMB63.0 million (US$8.6 million) in fiscal year 2024, compared to RMB4.9 million of other income in fiscal
year 2023. The change was primarily driven by the impairment loss of long-term investment. Nevertheless, the company has proactively responded
and is upbeat about its future.
Income
tax expenses were RMB64 thousand (US$9 thousand) in fiscal year 2024, compared to RMB42 thousand of income tax credits in fiscal
year 2023.
Net
loss was RMB140.8 million (US$19.3 million) in fiscal year 2024, compared to RMB89.2 million in fiscal year 2023. Non-GAAP
adjusted net loss6 was RMB141.0 million (US$19.3 million) in fiscal year 2024, compared to RMB84.6 million in fiscal year
2023.
Net
loss attributable to 36Kr Holdings Inc.'s ordinary shareholders was RMB136.6 million (US$18.7 million) in fiscal year 2024,
compared to RMB90.0 million in fiscal year 2023.
Basic
and diluted net loss per ADS7 were both RMB64.795 (US$8.877) in fiscal year 2024, compared to RMB43.132 in
fiscal year 2023.
6 Non-GAAP adjusted net loss represents net loss excluding
share-based compensation expenses/(gain).
7 On October 3, 2024, we effected a change in the
ratio of our ADSs to Class A ordinary shares from one ADS representing twenty-five Class A ordinary shares to a new ratio of one ADS
representing five hundred Class A ordinary shares. Basic and diluted net loss per ADS have been retrospectively adjusted to reflect
this ADS ratio change for all periods presented.
Conference Call
The
Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on March 11, 2025 (8:00 PM Beijing/Hong Kong
Time on March 11, 2025).
For participants who wish to join the
call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call
start time. Upon registration, each participant will receive dial-in details to join the conference call.
| Event Title: |
36Kr Holdings Inc. Second Half and Fiscal Year 2024 Earnings Conference Call |
| Pre-registration link: |
https://s1.c-conf.com/diamondpass/10045861-8wngh5.html |
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 available for one week from the date of the conference, by dialing the following telephone numbers:
| United States: |
+1-855-883-1031 |
| International: |
+61-7-3107-6325 |
| Hong Kong, China: |
800-930-639 |
| Mainland China: |
400-120-9216 |
| Replay PIN: |
10045861 |
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.
Use of Non-GAAP Financial Measures
In 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’s performance. The Company encourages investors to review its financial information in its entirety and not
rely on a single financial measure.
Adjusted net loss represents net 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 Information
This 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 RMB7.2993 to US$1.00, the exchange
rate set forth in the H.10 statistical release of the Federal Reserve Board on of December 31, 2024.
Safe Harbor Statement
This 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) 8965-0708
E-mail: ir@36kr.com
Piacente Financial Communications
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail:
36Kr@tpg-ir.com
In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: 36Kr@tpg-ir.com
36Kr Holdings Inc.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
| | |
December 31, | |
December 31, | |
December 31, | |
| | |
2023 | |
2024 | |
2024 | |
| | |
| RMB’000 | |
| RMB’000 | |
| US$’000 | |
| Assets | |
| | |
| | |
| | |
| Current assets: | |
| | |
| | |
| | |
| Cash and cash equivalents | |
| 41,464 | |
| 36,766 | |
| 5,037 | |
| Restricted cash | |
| - | |
| 822 | |
| 113 | |
| Short-term investments | |
| 75,497 | |
| 54,947 | |
| 7,528 | |
| Accounts receivable, net | |
| 139,408 | |
| 65,617 | |
| 8,987 | |
| Receivables due from related parties | |
| 69 | |
| 104 | |
| 14 | |
| Prepayments and other current assets | |
| 16,030 | |
| 17,171 | |
| 2,352 | |
| Total current assets | |
| 272,468 | |
| 175,427 | |
| 24,031 | |
| Non-current assets: | |
| | |
| | |
| | |
| Property and equipment, net | |
| 7,366 | |
| 5,817 | |
| 797 | |
| Intangible assets, net | |
| 2,079 | |
| 1,485 | |
| 204 | |
| Long-term investments | |
| 142,599 | |
| 74,858 | |
| 10,256 | |
| Operating lease right-of-use assets, net | |
| 34,454 | |
| 18,606 | |
| 2,550 | |
| Total non-current assets | |
| 186,498 | |
| 100,766 | |
| 13,807 | |
| Total assets | |
| 458,966 | |
| 276,193 | |
| 37,838 | |
| | |
| | |
| | |
| | |
| Liabilities | |
| | |
| | |
| | |
| Current liabilities: | |
| | |
| | |
| | |
| Accounts payable | |
| 60,376 | |
| 59,835 | |
| 8,197 | |
| Salary and welfare payables | |
| 36,046 | |
| 30,666 | |
| 4,201 | |
| Taxes payable | |
| 5,940 | |
| 2,648 | |
| 363 | |
| Deferred revenue | |
| 23,428 | |
| 19,301 | |
| 2,644 | |
| Amounts due to related parties | |
| 261 | |
| 789 | |
| 108 | |
| Accrued liabilities and other payables | |
| 25,152 | |
| 15,103 | |
| 2,069 | |
| Short-term bank loan | |
| 9,950 | |
| 10,000 | |
| 1,370 | |
| Operating lease liabilities | |
| 8,953 | |
| 7,860 | |
| 1,077 | |
| Total current liabilities | |
| 170,106 | |
| 146,202 | |
| 20,029 | |
| Non-current liabilities: | |
| | |
| | |
| | |
| Operating lease liabilities | |
| 26,826 | |
| 11,743 | |
| 1,609 | |
| Other non-current liabilities | |
| 174 | |
| — | |
| — | |
| Total non-current liabilities | |
| 27,000 | |
| 11,743 | |
| 1,609 | |
| Total liabilities | |
| 197,106 | |
| 157,945 | |
| 21,638 | |
| | |
| | |
| | |
| | |
| Shareholders’ equity | |
| | |
| | |
| | |
| Ordinary shares | |
| 694 | |
| 694 | |
| 95 | |
| Treasury stock | |
| (11,502 | ) |
| (2,865 | ) |
| (393 | ) |
| Additional paid-in capital | |
| 2,064,264 | |
| 2,057,363 | |
| 281,858 | |
| Accumulated deficit | |
| (1,796,189 | ) |
| (1,932,258 | ) |
| (264,718 | ) |
| Accumulated other comprehensive loss | |
| (5,290 | ) |
| (4,922 | ) |
| (674 | ) |
| Total 36Kr Holdings Inc.’s shareholders’ equity | |
| 251,977 | |
| 118,012 | |
| 16,168 | |
| Non-controlling interests | |
| 9,883 | |
| 236 | |
| 32 | |
| Total shareholders’ equity | |
| 261,860 | |
| 118,248 | |
| 16,200 | |
| Total liabilities and shareholders’ equity | |
| 458,966 | |
| 276,193 | |
| 37,838 | |
36Kr Holdings Inc.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
OF COMPREHENSIVE INCOME/(LOSS)
| | |
Six
Months Ended | | |
Twelve
Months Ended | |
| | |
December 31, 2023 | | |
December 31, 2024 | | |
December 31, 2024 | | |
December 31, 2023 | | |
December 31, 2024 | | |
December 31, 2024 | |
| | |
| RMB’000 | | |
| RMB’000 | | |
| US$’000 | | |
| RMB’000 | | |
| RMB’000 | | |
| US$’000 | |
| Revenues: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Online
advertising services | |
| 139,813 | | |
| 100,214 | | |
| 13,730 | | |
| 238,701 | | |
| 180,609 | | |
| 24,743 | |
| Enterprise
value-added services | |
| 40,529 | | |
| 19,449 | | |
| 2,664 | | |
| 67,297 | | |
| 32,832 | | |
| 4,498 | |
| Subscription
services | |
| 19,955 | | |
| 9,006 | | |
| 1,234 | | |
| 34,187 | | |
| 17,629 | | |
| 2,415 | |
| Total
revenues | |
| 200,297 | | |
| 128,669 | | |
| 17,628 | | |
| 340,185 | | |
| 231,070 | | |
| 31,656 | |
| Cost
of revenues | |
| (88,120 | ) | |
| (61,802 | ) | |
| (8,467 | ) | |
| (158,169 | ) | |
| (118,734 | ) | |
| (16,266 | ) |
| Gross
profit | |
| 112,177 | | |
| 66,867 | | |
| 9,161 | | |
| 182,016 | | |
| 112,336 | | |
| 15,390 | |
| Operating
expenses: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Sales
and marketing expenses | |
| (62,683 | ) | |
| (37,236 | ) | |
| (5,101 | ) | |
| (127,519 | ) | |
| (82,596 | ) | |
| (11,316 | ) |
| General
and administrative expenses | |
| (72,168 | ) | |
| (30,272 | ) | |
| (4,147 | ) | |
| (107,034 | ) | |
| (93,100 | ) | |
| (12,755 | ) |
| Research
and development expenses | |
| (12,644 | ) | |
| (5,597 | ) | |
| (767 | ) | |
| (41,681 | ) | |
| (14,404 | ) | |
| (1,973 | ) |
| Total
operating expenses | |
| (147,495 | ) | |
| (73,105 | ) | |
| (10,015 | ) | |
| (276,234 | ) | |
| (190,100 | ) | |
| (26,044 | ) |
| Loss
from operations | |
| (35,318 | ) | |
| (6,238 | ) | |
| (854 | ) | |
| (94,218 | ) | |
| (77,764 | ) | |
| (10,654 | ) |
| Other
(expenses)/income: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Share
of loss from equity method investments | |
| (216 | ) | |
| (3,209 | ) | |
| (440 | ) | |
| (523 | ) | |
| (3,726 | ) | |
| (510 | ) |
| Gain
on disposal of subsidiaries | |
| 3,366 | | |
| 839 | | |
| 115 | | |
| 3,366 | | |
| 839 | | |
| 115 | |
| Long-term
investment loss | |
| (8,079 | ) | |
| (37,229 | ) | |
| (5,100 | ) | |
| (8,079 | ) | |
| (62,763 | ) | |
| (8,599 | ) |
| Short-term
investment income | |
| 536 | | |
| 199 | | |
| 27 | | |
| 1,312 | | |
| 623 | | |
| 85 | |
| Government
grant | |
| 352 | | |
| 16 | | |
| 2 | | |
| 1,147 | | |
| 491 | | |
| 67 | |
| Others,
net | |
| 2,943 | | |
| 760 | | |
| 104 | | |
| 7,706 | | |
| 1,577 | | |
| 217 | |
| Loss
before income tax | |
| (36,416 | ) | |
| (44,862 | ) | |
| (6,146 | ) | |
| (89,289 | ) | |
| (140,723 | ) | |
| (19,279 | ) |
| Income
tax (expenses)/credit | |
| (148 | ) | |
| 1 | | |
| 0 | | |
| 42 | | |
| (64 | ) | |
| (9 | ) |
| Net
loss | |
| (36,564 | ) | |
| (44,861 | ) | |
| (6,146 | ) | |
| (89,247 | ) | |
| (140,787 | ) | |
| (19,288 | ) |
| Net
(income)/loss attributable to non-controlling interests | |
| (1,108 | ) | |
| 2,586 | | |
| 354 | | |
| (733 | ) | |
| 4,160 | | |
| 570 | |
| Net
loss attributable to 36Kr Holdings Inc.’s ordinary shareholders | |
| (37,672 | ) | |
| (42,275 | ) | |
| (5,792 | ) | |
| (89,980 | ) | |
| (136,627 | ) | |
| (18,718 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net
loss | |
| (36,564 | ) | |
| (44,861 | ) | |
| (6,146 | ) | |
| (89,247 | ) | |
| (140,787 | ) | |
| (19,288 | ) |
| Other
comprehensive (loss)/income | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Foreign
currency translation adjustments | |
| (583 | ) | |
| 199 | | |
| 27 | | |
| 570 | | |
| 369 | | |
| 51 | |
| Total
other comprehensive loss | |
| (583 | ) | |
| 199 | | |
| 27 | | |
| 570 | | |
| 369 | | |
| 51 | |
| Total
comprehensive loss | |
| (37,147 | ) | |
| (44,662 | ) | |
| (6,119 | ) | |
| (88,677 | ) | |
| (140,418 | ) | |
| (19,237 | ) |
| Comprehensive
(income)/loss attributable to non-controlling interests | |
| (1,108 | ) | |
| 2,586 | | |
| 354 | | |
| (733 | ) | |
| 4,160 | | |
| 570 | |
| Comprehensive
loss attributable to 36Kr Holdings Inc.’s ordinary shareholders | |
| (38,255 | ) | |
| (42,076 | ) | |
| (5,765 | ) | |
| (89,410 | ) | |
| (136,258 | ) | |
| (18,667 | ) |
| Net
loss per ordinary share (RMB) | |
| | |
|
| |
| | |
| | |
| |
|
| |
| Basic | |
| (0.036 | ) | |
| (0.040 |
) | |
| (0.005 | ) | |
| (0.086 | ) | |
| (0.130 | ) |
|
| (0.018 | ) |
| Diluted | |
| (0.036 | ) | |
| (0.040 |
) | |
| (0.005 | ) | |
| (0.086 | ) | |
| (0.130 | ) |
|
| (0.018 | ) |
| Net
loss per ADS (RMB) | |
| | | |
| |
| |
| | | |
| | | |
| | |
|
| | |
| Basic | |
| (17.977 | ) | |
| (19.999 |
) | |
| (2.740 | ) | |
| (43.132 | ) | |
| (64.795 | ) |
|
| (8.877 | ) |
| Diluted | |
| (17.977 | ) | |
| (19.999 |
) | |
| (2.740 | ) | |
| (43.132 | ) | |
| (64.795 | ) |
|
| (8.877 | ) |
| Weighted
average number of ordinary shares used in per share calculation | |
| | | |
| |
| |
| | | |
| | | |
| | |
|
| | |
| Basic | |
| 1,047,723,522 | | |
| 1,056,978,247 |
| |
| 144,805,426 | | |
| 1,043,057,081 | | |
| 1,054,310,601 | |
|
| 144,439,960 | |
| Diluted | |
| 1,047,723,522 | | |
| 1,056,978,247 |
| |
| 144,805,426 | | |
| 1,043,057,081 | | |
| 1,054,310,601 | |
|
| 144,439,960 | |
| Weighted
average number of ADS used in per ADS calculation | |
| | | |
| |
| |
| | | |
| | | |
| | |
|
| | |
| Basic | |
| 2,095,447 | | |
| 2,113,956 |
| |
| 289,611 | | |
| 2,086,114 | | |
| 2,108,621 | |
|
| 288,880 | |
| Diluted | |
| 2,095,447 | | |
| 2,113,956 |
| |
| 289,611 | | |
| 2,086,114 | | |
| 2,108,621 | |
|
| 288,880 | |
36Kr Holdings Inc.
UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP
RESULTS
| | |
Six Months Ended | | |
Twelve Months Ended | |
| | |
December 31, 2023 | | |
December 31, 2024 | | |
December 31, 2024 | | |
December 31, 2023 | | |
December 31, 2024 | | |
December 31, 2024 | |
| | |
| RMB’000 | | |
| RMB’000 | | |
| US$’000 | | |
| RMB’000 | | |
| RMB’000 | | |
| US$’000 | |
| Net loss | |
| (36,564 | ) | |
| (44,861 | ) | |
| (6,146 | ) | |
| (89,247 | ) | |
| (140,787 | ) | |
| (19,288 | ) |
| Share-based compensation expense/(gain) | |
| 965 | | |
| (225 | ) | |
| (31 | ) | |
| 4,672 | | |
| (178 | ) | |
| (24 | ) |
| Non-GAAP adjusted net loss | |
| (35,599 | ) | |
| (45,086 | ) | |
| (6,177 | ) | |
| (84,575 | ) | |
| (140,965 | ) | |
| (19,312 | ) |
| Interest income, net | |
| (110 | ) | |
| (688 | ) | |
| (94 | ) | |
| (794 | ) | |
| (1,173 | ) | |
| (161 | ) |
| Income tax expense/(credit) | |
| 148 | | |
| (1 | ) | |
| - | | |
| (42 | ) | |
| 64 | | |
| 9 | |
| Depreciation and amortization expenses | |
| 1,412 | | |
| 878 | | |
| 120 | | |
| 2,105 | | |
| 1,829 | | |
| 251 | |
| Non-GAAP adjusted EBITDA | |
| (34,149 | ) | |
| (44,897 | ) | |
| (6,151 | ) | |
| (83,306 | ) | |
| (140,245 | ) | |
| (19,213 | ) |
36Kr (NASDAQ:KRKR)
Historical Stock Chart
From Mar 2025 to Apr 2025
36Kr (NASDAQ:KRKR)
Historical Stock Chart
From Apr 2024 to Apr 2025
