DADA Latest Report
1min read DADA's Financial Performance
DADA's operating revenue in 2024 was RMB2.433 billion, down about 8.00% from RMB2.752 billion in 2023. This change reflects the pressure faced by the company in terms of revenue, which may be related to increased competition, internal management issues, and product adjustments.
Key Financial Data
1. In the second quarter of 2024, DADA's total revenue was RMB2.3499 billion, down 9.51% YoY, mainly affected by the decrease in online advertising and marketing services revenue.
2. The total revenue in the third quarter of 2024 was RMB7.231 billion, down 6.74% YoY, and the net profit attributable to parent was RMB-812 million, down 20.2% YoY.
3. DADA's jd Express business revenue decreased by 43.5% in the third quarter of 2024, indicating a significant challenge in delivery service revenue.
Industry Comparison
1. Overall industry analysis: The overall competition in the e-commerce and logistics industry has intensified, with many companies failing to achieve significant revenue growth in 2023 and 2024, reflecting the challenges faced by the industry as a whole.
2. Peer evaluation analysis: DADA's revenue decline is significant, indicating a weakened market position. Compared with JD's growth, DADA's revenue performance is poor, with JD's GMV reaching RMB73.1 billion as of the third quarter of 2023, up 24.0% YoY.
Summary
DADA's revenue decline in 2024 is mainly affected by increased competition, internal management deficiencies, and product/service adjustments. Compared with other companies in the industry, DADA's market performance is significantly inferior, indicating possible market share loss.
Opportunities
1. dada can control costs by optimizing advertising and marketing strategies and reducing unnecessary promotional activities.
2. Strengthen cooperation with leading chain merchants to promote business growth.
3. Launch a free shipping plan to attract more consumers and improve user activity and satisfaction.
Risks
1. Continued market competition pressure may further erode DADA's market share and revenue.
2. Insufficient internal management and operational efficiency may lead to larger revenue declines.
3. Product/service adjustments may fail to meet market demand, resulting in customer loss.
