1、EX-99.1 2 tm2136507d1_ex99-1.htm EXHIBIT 99.1Exhibit 99.1 DiDi Global Announces Unaudited Quarterly Financial Results Beijing, December 30, 2021 - DiDi Global Inc. (“DiDi” or the “Company”) (NYSE: DIDI), the worlds leading mobility technology platform, today announced its unaudited interim condensed

2、 financialresults for the second quarter ended June 30, 2021 and the third quarter ended September 30, 2021. DiDi Global Inc.Unaudited interim condensed consolidated balance sheets(Amounts in millions, except for per share data and otherwise noted, unaudited) As of December 31, June 30, September 30

3、, 2020 2021 2021 2021 RMB RMB RMB US$ (1) ASSETS Current assets: Cash and cash equivalents 19,372 26,096 48,649 7,550 Restricted cash 2,238 169 671 104 Short-term investments 37,398 15,169 12,554 1,948 Accounts and notes receivable, net of allowance for credit losses of RMB556, RMB645 andRMB722, res

4、pectively 2,438 3,376 3,008 467 Loan receivable, net of allowance for credit losses of RMB146, RMB230 and RMB296,respectively 2,878 4,609 4,697 729 Amounts due from related parties 103 2,368 2,449 380 Prepayments, receivables and other current assets, net 4,255 4,267 5,007 778 Total current assets 6

5、8,682 56,054 77,035 11,956 Non-current assets: Investment securities 573 17,184 2,251 349 Long-term investments, net 7,105 11,238 9,020 1,400 Operating lease right-of-use assets 1,931 1,260 1,301 202 Property and equipment, net 9,819 10,803 8,461 1,313 Intangible assets, net 5,297 4,334 3,860 599 Go

6、odwill 49,124 49,199 48,962 7,599 Non-current restricted cash 21 15 - - Deferred tax assets, net 191 163 195 30 Other non-current assets, net 4,522 5,022 4,746 737 Total non-current assets 78,583 99,218 78,796 12,229 Total assets 147,265 155,272 155,831 24,185 LIABILITIES, MEZZANINE EQUITY AND SHARE

7、HOLDERS EQUITY (DEFICIT) Current liabilities: Short-term borrowings 5,827 7,259 7,422 1,152 Accounts and notes payable 7,353 4,589 4,819 748 Deferred revenue and customer advances 915 780 711 110 Operating lease liabilities, current portion 679 453 471 73 Amounts due to related parties 282 242 356 5

8、5 Accrued expenses and other current liabilities 11,304 11,241 12,774 1,983 Total current liabilities 26,360 24,564 26,553 4,121 Non-current liabilities: Long-term borrowings 1,453 2,383 1,967 305 Operating lease liabilities, non-current portion 1,172 741 734 114 Deferred tax liabilities 844 627 581

9、 90 Other non-current liabilities 286 304 281 44 Total non-current liabilities 3,755 4,055 3,563 553 Total liabilities 30,115 28,619 30,116 4,674 Commitments and contingencies Mezzanine equity Convertible preferred shares (2) 189,839 189,839 - - Convertible redeemable non-controlling interests 3,345

10、 11,836 12,052 1,870 Convertible non-controlling interests 100 1,069 1,069 166 Total Mezzanine Equity 193,284 202,744 13,121 2,036 DiDi Global Inc.Unaudited interim condensed consolidated balance sheets(Amounts in millions, except for per share data and otherwise noted, unaudited) As of December 31,

11、 June 30, September 30, 2020 2021 2021 2021 RMB RMB RMB US$ (1) SHAREHOLDERS EQUITY (DEFICIT): DiDi Global Inc. shareholders equity (deficit): Ordinary shares (US$0.00002 par value; 1,617,583,821 shares, 1,617,583,821 shares and5,000,000,000 shares authorized; 124,067,444 shares, 193,302,859 shares

12、and 1,205,810,369shares issued; 108,531,508 shares, 168,885,317 shares and 1,181,921,441 shares outstandingas of December 31, 2020, June 30, 2021 and September 30,2021, respectively) - - - - Treasury shares - - - - Additional paid-in capital 12,178 31,705 250,535 38,882 Statutory reserves 17 17 17 3

13、 Accumulated other comprehensive loss (2,002) (2,698) (2,448) (380)Accumulated deficit (86,411) (105,198) (135,578) (21,041)Total DiDi Global Inc. shareholders equity (deficit) (76,218) (76,174) 112,526 17,464 Non-controlling interests 84 83 68 11 Total shareholders equity (deficit) (76,134) (76,091

14、) 112,594 17,475 Total liabilities, mezzanine equity and shareholders equity (deficit) 147,265 155,272 155,831 24,185 (1) This results announcement contains translations of certain Renminbi (“RMB”) amounts into U.S. dollars (“US$”) for the convenience of the reader. Unless otherwise stated, all tran

15、slations of RMB intoUS$ were made at RMB6.4434 to US$1.00, the exchange rate on September 30, 2021 as set forth in the H.10 statistical release of the Federal Reserve Board.(2) The convertible preferred shares were converted to ordinary shares immediately prior to the closing of the Companys initial

16、 public offering in early July. DiDi Global Inc.Unaudited interim condensed consolidated statements of comprehensive income (loss)(Amounts in millions, except for per share data and otherwise noted, unaudited) For the Three Months EndedJune 30, For the Six Months Ended June 30, For the Three Months

17、EndedSeptember 30, For the Nine Months EndedSeptember 30, 2020 2021 2020 2021 2020 2021 2021 2020 2021 2021 RMB RMB RMB RMB RMB RMB US$ RMB RMB US$ Revenues China Mobility 29,433 44,804 48,378 84,039 41,111 39,009 6,054 89,489 123,048 19,097 International 373 807 1,140 1,611 502 966 150 1,642 2,577

18、400 Other Initiatives 1,361 2,601 2,121 4,725 1,785 2,700 419 3,906 7,425 1,152 Total revenues 31,167 48,212 51,639 90,375 43,398 42,675 6,623 95,037 133,050 20,649 Costs and expenses Cost of revenues (1) (26,627) (42,561) (43,981) (80,158) (37,323) (40,784) (6,330) (81,304) (120,942) (18,770) Opera

19、tions and support (926) (1,758) (1,823) (3,907) (1,219) (1,910) (296) (3,042) (5,817) (903) Sales and marketing (1,498) (3,904) (3,267) (9,011) (2,654) (4,441) (689) (5,921) (13,452) (2,088) Research and development (1,435) (2,746) (2,913) (4,608) (1,568) (2,341) (363) (4,481) (6,949) (1,078) Genera

20、l and administrative (1,485) (21,847) (3,781) (23,949) (1,732) (2,253) (350) (5,513) (26,202) (4,066)Total costs and expenses (31,971) (72,816) (55,765) (121,633) (44,496) (51,729) (8,028) (100,261) (173,362) (26,905)Loss from operations (2) (804) (24,604) (4,126) (31,258) (1,098) (9,054) (1,405) (5

21、,224) (40,312) (6,256) Interest income 298 190 635 377 309 202 31 944 579 90 Interest expenses (20) (86) (39) (147) (46) (65) (10) (85) (212) (33) Investment income (loss), net (3) 561 (100) 99 12,261 830 (20,772) (3,224) 929 (8,511) (1,321) Income (loss) from equity method investments, net (162) (1

22、30) (357) (175) (151) 115 18 (508) (60) (9) Other income (loss), net 11 532 (479) 148 780 (689) (107) 301 (541) (84)Income (loss) before income taxes (116) (24,198) (4,267) (18,794) 624 (30,263) (4,697) (3,643) (49,057) (7,613) Income tax benefits (expenses) 46 (73) 225 6 41 (112) (17) 266 (106) (16

23、)Net income (loss) (70) (24,271) (4,042) (18,788) 665 (30,375) (4,714) (3,377) (49,163) (7,629) Less: Net income (loss) attributable to non-controlling interestshareholders (7) 1 (17) (1) (7) 5 1 (24) 4 1 Net income (loss) attributable to DiDi Global Inc. (63) (24,272) (4,025) (18,787) 672 (30,380)

24、(4,715) (3,353) (49,167) (7,630) Accretion of convertible redeemable non-controlling intereststo redemption value (41) (175) (60) (265) (45) (216) (34) (105) (481) (75) Deemed dividends to preferred shareholders upon repurchasesof convertible preferred shares (1) - (1) - - - - (1) - - Income allocat

25、ion to participating preferred shares - - - - (627) - - - - - Net loss attributable to ordinary shareholders of DiDi GlobalInc. (105) (24,447) (4,086) (19,052) - (30,596) (4,749) (3,459) (49,648) (7,705)Net income (loss) (70) (24,271) (4,042) (18,788) 665 (30,375) (4,714) (3,377) (49,163) (7,629) Di

26、Di Global Inc.Unaudited interim condensed consolidated statements of comprehensive income (loss)(Amounts in millions, except for per share data and otherwise noted, unaudited) For the Three Months EndedJune 30, For the Six Months EndedJune 30, For the Three Months EndedSeptember 30, For the Nine Mon

27、ths Ended September 30, 2020 2021 2020 2021 2020 2021 2021 2020 2021 2021 RMB RMB RMB RMB RMB RMB US$ RMB RMB US$ Othercomprehensiveincome (loss): Foreign currencytranslationadjustments,net of tax ofnil (104) (1,117) (267) (691) (2,863) 250 39 (3,130) (441) (68) Share of othercomprehensiveloss of eq

28、uitymethodinvestees - (2) (1) (5) - - - (1) (5) (1)Total othercomprehensiveincome (loss) (104) (1,119) (268) (696) (2,863) 250 39 (3,131) (446) (69)Totalcomprehensiveloss (174) (25,390) (4,310) (19,484) (2,198) (30,125) (4,675) (6,508) (49,609) (7,698)Less:comprehensiveincome (loss)attributable tono

29、n-controllinginterestshareholders (7) 1 (17) (1) (7) 5 1 (24) 4 1 Comprehensiveloss attributableto DiDi GlobalInc. (167) (25,391) (4,293) (19,483) (2,191) (30,130) (4,676) (6,484) (49,613) (7,699)Accretion ofconvertibleredeemable non-controllinginterests toredemption value (41) (175) (60) (265) (45)

30、 (216) (34) (105) (481) (75)Deemed dividendsto preferredshareholdersupon repurchases (1) - (1) - - - - (1) - - of convertiblepreferred sharesIncome allocationto participatingpreferred shares - - - - (627) - - - - - Comprehensiveloss attributableto ordinaryshareholders ofDiDi Global Inc. (209) (25,56

31、6) (4,354) (19,748) (2,863) (30,346) (4,710) (6,590) (50,094) (7,774)Weighted averagenumber ofordinary sharesused incomputing netloss per share Basic 107,619,131 120,225,151 105,218,085 114,671,250 107,980,508 1,180,836,142 1,180,836,142 106,145,614 473,964,914 473,964,914 Diluted 107,619,131 120,22

32、5,151 105,218,085 114,671,250 107,980,508 1,180,836,142 1,180,836,142 106,145,614 473,964,914 473,964,914 Net loss per shareattributable toordinaryshareholders Basic (0.97) (203.34) (38.84) (166.14) - (25.91) (4.02) (32.59) (104.75) (16.26)Diluted (0.97) (203.34) (38.84) (166.14) - (25.91) (4.02) (3

33、2.59) (104.75) (16.26)Weighted averagenumber ofADSs used incomputing netloss per ADS Basic 430,476,524 480,900,604 420,872,340 458,685,000 431,922,032 4,723,344,568 4,723,344,568 424,582,456 1,895,859,656 1,895,859,656 Diluted 430,476,524 480,900,604 420,872,340 458,685,000 431,922,032 4,723,344,568

34、 4,723,344,568 424,582,456 1,895,859,656 1,895,859,656 Net loss per ADSattributable toordinaryshareholders Basic (0.24) (50.84) (9.71) (41.54) - (6.48) (1.01) (8.15) (26.19) (4.06)Diluted (0.24) (50.84) (9.71) (41.54) - (6.48) (1.01) (8.15) (26.19) (4.06) (1) For the three months ended September 30,

35、 2021, cost of revenues included an asset impairment charge of RMB2.2 billion (US$0.3 billion) for certain assets of the Companys bike and e-bike sharingbusiness, which was mainly caused by the adverse change in such business in the third quarter of 2021. DiDi Global Inc.Unaudited interim condensed

36、consolidated statements of cash flows(Amounts in millions, unaudited) (2) Included share-based compensation expenses as follows: For the Three Months EndedJune 30, For the Six Months EndedJune 30, For the Three Months EndedSeptember 30, For the Nine Months Ended September 30, 2020 2021 2020 2021 202

37、0 2021 2021 2020 2021 2021 RMB RMB RMB RMB RMB RMB US$ RMB RMB US$ Operations and support 13 59 45 103 14 54 8 59 157 24 Sales and marketing 35 105 104 155 51 85 13 155 240 37 Research and development 143 1,181 450 1,377 162 501 78 612 1,878 291 General and administrative 344 20,476 1,599 20,883 359

38、 484 75 1,958 21,367 3,316 (3) Investment loss, net for the three months ended September 30, 2021 was RMB20.8 billion (US$3.2 billion), primarily attributable to the investment loss arising from changes in fair value of theCompanys investments in Chengxin (a company engaged in community group buying

39、 business) due to the adverse change in Chengxins business in the third quarter of 2021. DiDi Global Inc.Unaudited interim condensed consolidated statements of cash flows(Amounts in millions, unaudited) For the Three Months Ended June 30, For the Six Months Ended June 30, For the Three Months EndedS

40、eptember 30, For the Nine Months EndedSeptember 30, 2020 2021 2020 2021 2020 2021 2021 2020 2021 2021 RMB RMB RMB RMB RMB RMB US$ RMB RMB US$ Net cash provided by (used in) operatingactivities 1,686 (1,189) (1,297) (7,327) 2,993 (5,055) (785) 1,696 (12,382) (1,922)Net cash provided by (used in) inve

41、stingactivities (9,961) 5,364 (5,732) 3,350 465 306 47 (5,267) 3,656 567 Net cash provided by (used in) financingactivities 1,289 (1,750) 4,298 8,531 2,355 27,739 4,305 6,653 36,270 5,629 Effect of exchange rate changes on cash, cashequivalents and restricted cash 241 (136) (232) 95 (27) 50 9 (259)

42、145 23 Net increase (decrease) in cash, cashequivalents and restricted cash (6,745) 2,289 (2,963) 4,649 5,786 23,040 3,576 2,823 27,689 4,297 Cash, cash equivalents and restricted cash atthe beginning of the period 17,462 23,991 13,680 21,631 10,717 26,280 4,078 13,680 21,631 3,357 Cash, cash equiva

43、lents and restricted cash atthe end of the period 10,717 26,280 10,717 26,280 16,503 49,320 7,654 16,503 49,320 7,654 Selected financial information of segments The following table presents information about revenues and Adjusted EBITA by segment, and a reconciliation from the segment Adjusted EBITA

44、 to total consolidated loss from operations for the periodspresented: For the Three Months EndedJune 30, For the Six Months Ended June 30, For the Three Months EndedSeptember 30 For the Nine Months EndedSeptember 30 2020 2021 2020 2021 2020 2021 2021 2020 2021 2021 RMB RMB RMB RMB RMB RMB US$ RMB RM

45、B US$ Revenues: (Amounts in millions, unaudited) China Mobility 29,433 44,804 48,378 84,039 41,111 39,009 6,054 89,489 123,048 19,097 International 373 807 1,140 1,611 502 966 150 1,642 2,577 400 Other Initiatives 1,361 2,601 2,121 4,725 1,785 2,700 419 3,906 7,425 1,152 Total segment revenues 31,16

46、7 48,212 51,639 90,375 43,398 42,675 6,623 95,037 133,050 20,649 Adjusted EBITA: China Mobility 1,733 1,686 2,349 5,304 2,120 (29) (5) 4,469 5,275 819 International (590) (1,191) (1,261) (2,196) (763) (1,789) (278) (2,024) (3,985) (618)Other Initiatives (916) (2,801) (2,012) (10,879) (1,374) (5,678)

47、 (881) (3,386) (16,557) (2,570)Total Adjusted EBITA (non-GAAP) 227 (2,306) (924) (7,771) (17) (7,496) (1,164) (941) (15,267) (2,369)Share-based compensation (535) (21,821) (2,198) (22,518) (586) (1,124) (174) (2,784) (23,642) (3,668)Amortization of intangible assets (496) (477) (1,004) (969) (495) (

48、434) (67) (1,499) (1,403) (219)Total consolidated loss fromoperations (804) (24,604) (4,126) (31,258) (1,098) (9,054) (1,405) (5,224) (40,312) (6,256) The following table presents the total depreciation expenses of property and equipment by segment for the periods presented: For the Three Months End

49、ed June 30, For the Six Months Ended June 30, For the Three Months EndedSeptember 30 For the Nine Months EndedSeptember 30 2020 2021 2020 2021 2020 2021 2021 2020 2021 2021 RMB RMB RMB RMB RMB RMB US$ RMB RMB US$ (Amounts in millions, unaudited) China Mobility 66 72 133 151 62 71 11 195 222 34 Inter

50、national 14 28 28 52 15 30 5 43 82 13 Other Initiatives 646 976 1,180 1,941 790 1,099 172 1,970 3,040 472 Total depreciation expenses ofproperty and equipment 726 1,076 1,341 2,144 867 1,200 188 2,208 3,344 519 DiDi Global Inc.Unaudited reconciliation of GAAP and Non-GAAP results(Amounts in millions