02559 DIDA INC
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DIDA INC News
DIDA INC: 2024 INTERIM REPORT
Dida's Subsidiary to Subscribe for Uxin's Shares, Extends Loan to Youxin Anhui
Uxin's pre-market trading surged by nearly 29% at one point, and Dida Chuxing plans to subscribe to Uxin's shares for $7.5 million.
On September 13th, Uxin (UXIN.US) rose sharply before the market opened, with a peak increase of nearly 29% to $1.96, and the current increase narrowed to over 2%. In terms of news, Dida Chuxing announced that its wholly-owned subsidiary, Pintu Beijing, has reached a memorandum of understanding with Uxin. Based on this, Pintu Beijing has agreed to subscribe for 1.543 billion shares of Class A common stock of Uxin, and Uxin will deliver 5.1461 million American depositary shares as consideration, with a value of $7.5 million. At the same time, Pintu Beijing will provide a loan of $7.5 million to Uxin, with a term of 18 months. The board of directors of Dida Chuxing believes that due to the cooperation between the group and Uxin in the automotive aftermarket industry.
Uxin: Pintu to Extend $7.5M Loan to Uxin Subsidiary Youxin (ANHUI) Industrial Investment in Connection With Proposed Investment >UXIN
Uxin: Pintu Plans to Subscribe for $7.5M Worth of Shares >UXIN
Uxin Enters MOU for Proposed Investment by Pintu (Beijing) Information Technology >UXIN
Didi Chuxing (02559.HK) plans to subscribe for Uxin shares worth $7.5 million.
DiDi Travel (02559.HK) announced that its wholly owned subsidiary, Pintu Beijing, has entered into a memorandum of understanding with Uxin. Accordingly, Pintu Beijing has agreed to subscribe for 1.543 billion shares of Class A common stock of Uxin, with Uxin delivering 5.1461 million American depositary shares as consideration, at a price of $7.5 million. At the same time, Pintu Beijing will provide a $7.5 million loan to Uxin, with a term of 18 months. Uxin, whose American depositary shares are listed on the NASDAQ, is mainly engaged in providing second-hand car purchasing products and services to customers nationwide through online platforms and offline retail stores.
Dida Inc. Engages in Key Transactions With Connected Entities
Dida Chuxing plans to join hands with Youxin to provide more after-sales service for private car owners
Tick Tock Travel announced that on September 12, 2024, PITU Beijing (an indirect wholly-owned subsidiary of the company) and Youxin Co., Ltd. signed a memorandum of understanding. According to this, Youxin Co., Ltd. agreed to issue and sell, and PITU Beijing agreed to subscribe for a total of 1,543,845,204 Class A common shares of Youxin Co., Ltd. at the subscription price per share. These shares will be delivered to Putu Beijing in the form of 5,146,151 American depository shares, with a total subscription amount of 7.5 million US dollars.
Didi Chuxing (02559.HK) Vice President of Technology, Duan Jianbo: Building a new eco-system of shared mobility with Tencent Maps.
As an important driving force for the rapid development of the intelligent industry, digital maps play a very important role in daily intelligent travel, cultural tourism, entertainment, retail chains and other fields. They are an important support for various industries to enhance user experience and improve business efficiency. So, in the field of mobile travel, how do map platforms empower the user experience and improve efficiency? How do both parties cooperate and create mutual benefits? What new opportunities will there be for future cooperation? Recently, at the "Tencent Map Industry Application" session of the 2024 Tencent Global Digital Ecology Conference, Didi Chuxing co-founder and Vice President of Technology, Duan Jianbo, brought a presentation titled
Hong Kong stocks closed (09.04) | The Hang Seng Index fell 1.1%, with significant declines in gold and petroleum stocks. Ascend Energy Group (02459) rebounded by 78% upon resumption of trading.
The newly released manufacturing PMI in the USA is lower than expected, once again triggering market concerns about economic recession. The three major stock indices in Hong Kong were under pressure all day, with the Hang Seng Index and the National Index falling by nearly 2% mid-day.
Express News | Tianfeng Securities: New energy and unmanned transportation will reshape the transportation pattern.
Hong Kong stocks have fluctuated | DiDa ride-hailing (02559) has risen more than 5% again. Adjusted net profit for the first half of the year increased by more than 50% year-on-year. It is currently widely used algorithm model.
Didi Chuxing (02559) rose more than 5% again, rising more than 50% at one point in the previous trading day. As of the time of writing, it is up 5.14%, at HKD 2.25, with a trading volume of HKD 1.3692 million.
Didi's 2024 mid-term performance conference review: in the second half of the year and future development, it will continue to deeply cultivate in four aspects.
Self-driving technology and Robotaxi have huge promotional significance for the development of Dida in terms of technology and approach.
Chinese Ridehailing Firm Dida's Shares Surge After Swing to Profit
Hong Kong stocks surged over 50% in intraday trading as Dida Travel's net profit for the first half of the year increased by 51.3% year-on-year. The number of registered users reached 0.368 billion.
On September 2nd, Dida Travel (2559.HK) soared sharply, with a temporary surge of over 50%, now trading at HKD 2.19, with a total market value of HKD 2.18 billion. Last Friday, the company announced after market close that its total revenue for the first half of the year was CNY 0.404 billion, a year-on-year increase of 2%; its adjusted net profit reached CNY 0.13 billion, a year-on-year increase of 51.3%. The announcement stated that thanks to the support of the light asset model, the company believes it can maintain strong and sustainable profitability. In addition, Dida Travel's gross profit and gross margin for the first half of the year reached CNY 0.296 billion and 73.3% respectively, consistently maintaining a higher gross margin than the industry average.
Express News | Hong Kong's recent IPO, Dida Chuxing, surged in the short term, rising nearly 50% at one point.
Performance: Dida Chuxing (02559.HK) recorded a net profit of 0.948 billion RMB in the first half, turning losses into gains.
DiDa Travel (02559.HK) announced its interim performance for the six months ending in June, with revenue of 0.404 billion RMB (same below), an increase of 2% year-on-year. It recorded a net profit of 0.948 billion yuan, compared to a loss of 0.22 billion yuan in the same period of the previous year, turning from loss to profit; earnings per share were 2.85 yuan. No interim dividend will be distributed.
Didachuxing's net income in the first half of the year increased by 51.3% year-on-year, and is actively accelerating cooperation with top internet platforms.
On August 30th, Dida Travel released its financial report for the first half of 2024, with a total revenue of 0.404 billion yuan, a year-on-year increase of 2%; adjusted net profit reached 0.13 billion yuan, a year-on-year increase of 51.3%. The announcement stated that due to the support of a light-asset model, the company believes it can continue to maintain a strong and sustainable profit-making ability. In addition, Dida Travel's gross profit and gross margin in the first half of the year reached 0.296 billion yuan and 73.3% respectively, maintaining a higher gross margin than the industry average. As of June 30th, 2024, Dida Travel has registered a user base of 0.368 billion and provides ride-hailing services in 366 cities nationwide.
Dida Inc. Showcases Solid Growth and Recovery
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