| Dec'17 | ||||||
|---|---|---|---|---|---|---|
Operating revenue: | ||||||
Online direct sales | ||||||
389,620 | ||||||
Services and others | ||||||
4,911 | ||||||
Online direct sales and services income | ||||||
394,531 | ||||||
Interest and financial services income | ||||||
375,599 | ||||||
Loan facilitation and servicing fees | ||||||
58,235 | ||||||
Other revenue | ||||||
29,603 | ||||||
Financial services income | ||||||
463,437 | ||||||
Total operating revenue | ||||||
857,968 | ||||||
Operating cost: | ||||||
Cost of sales (including cost of goods purchased from a related party of RMB745,412, RMB658,898 and RMB530,605 for the years ended December 31, 2015, 2016 and 2017, respectively) | ||||||
404,860 | ||||||
Funding cost | ||||||
121,754 | ||||||
Processing and servicing cost | ||||||
34,415 | ||||||
Provision for credit losses | ||||||
94,043 | ||||||
Total operating cost | ||||||
655,072 | ||||||
Gross profit | ||||||
202,896 | ||||||
Operating expenses: | ||||||
Sales and marketing expenses | ||||||
62,325 | ||||||
Research and development expenses | ||||||
36,164 | ||||||
General and administrative expenses | ||||||
31,298 | ||||||
Total operating expenses | ||||||
129,787 | ||||||
Interest expense, net | ||||||
11,607 | ||||||
Investment related impairment | ||||||
143 | ||||||
Change in fair value of financial guarantee derivatives | ||||||
7,278 | ||||||
Others, net | ||||||
4,306 | ||||||
(Loss)/income before income tax expense | ||||||
72,943 | ||||||
Income tax benefit/(expense) | ||||||
36,000 | ||||||
Net (loss)/income | ||||||
36,943 | ||||||
Pre-IPO Preferred shares redemption value accretion | ||||||
12,621 | ||||||
Income allocation to participating preferred shares | ||||||
20,325 | ||||||
Net (loss)/income attributable to ordinary shareholders | ||||||
3,997 | ||||||
Weighted average number of ordinary shares outstanding | ||||||
Basic (in shares) | ||||||
113,620 | ||||||
Diluted (in shares) | ||||||
140,852 | ||||||