Uber-2019年第二季度Uber财报(PPT版)(英文)

～国际共享出行发展现状分析在中国共享出行市场快速扩张的同时，作为共享出行服务的发源地，美国、欧洲等海外市场发展迅猛，且相对成熟。

目前海外共享出行巨头Uber和lyft估值已分别达到720亿美元和151亿美元。

同时，海外出行市场业内及价值链上相关企业也已初显整合并购趋势，如Uber 于2018年收购美国大型互联网租赁自行车（共享单车）初创平台JUMP，进一步进军互联网租赁自行车细分市场。

此外，除了进一步推动自身传统业务发展外，国外龙头企业已着手布局相关领域的创新实践，如参与自动驾驶等前沿产品研发等。

在企业类型上，根据共享交通工具和共享运力两类主要共享方式以及B2C和C2C两类主要商业模式，海外共享出行领域相关企业主要可分为四大类，每个领域内都不乏企业布局多种创新性实践（见图1、表1）。

图1 国外共享出行主要企业分类|Excel下载表1 海外主要共享出行企业信息而在具体的创新实践上，海外出行企业的聚焦点主要在以下四个方面：共享出行产品线扩张、出行场景外业务延伸、布局汽车产业前沿科技、践行各类企业社会责任（见表2）。

|Excel下载表2 国外共享出行企业创新实践一共享出行产品线扩张通过对海外出行领域各类企业的研究发现，领先企业在通过一个细分领域进入出行市场后，均会通过自建、收购等方式在出行服务相关的产品线进行扩张。

以下将以Uber、Grab、Car2Go和Maven这四大海外出行企业为例进行介绍。

（一）Uber从滑板到直升机的全产品组合Uber成立于2009年3月，总部位于美国，目前业务覆盖71个国家和地区的614个城市，以欧美和澳大利亚为主，2019年单月活跃用户数突破1亿。

Uber出行业务在布局上最早从网约车业务切入，后通过App内功能迭代加入合乘业务，目前已覆盖滑板车、互联网租赁自行车和豪华快车等多类业务，共享直升机业务也已处在规划及试验阶段。

Uber除了通过自身孵化的方式开展新的出行业务之外，也积极通过收/并购手段扩充产品线。

优步研究报告优步研究报告摘要：优步（Uber）是一家全球知名的出行服务公司，通过智能手机应用连接司机和乘客。

本报告主要研究了优步的运营模式、市场规模、盈利模式、竞争态势以及面临的挑战等方面。

研究结果表明，优步以其便捷、快速和安全的服务深受消费者的喜爱，并在全球范围内迅速扩张。

然而，优步面临着政府监管、司机待遇、安全问题等多重挑战。

一、优步的运营模式优步通过智能手机应用实现乘客和司机的匹配，使乘客能够直接与司机联系，并借助GPS定位技术追踪车辆位置。

乘客可以根据路程、车型、价格等需求选择合适的车辆。

这种模式取消了传统出租车模式中的调度中心，大大提高了乘客的便利性。

二、市场规模优步的市场规模正不断扩大。

据统计，截至2021年，优步在全球超过60个国家和地区提供服务，注册司机超过300万，累计使用乘客超过5000万。

随着移动互联网的普及和出行服务需求的不断增加，优步的市场潜力巨大。

三、盈利模式优步通过向司机收取佣金的方式获取利润。

根据优步公布的数据，优步从每一笔交易收取司机费用的20%至25%作为佣金。

此外，优步还通过推出优惠活动吸引乘客，提高订单量，进一步增加了收入。

四、竞争态势在全球范围内，优步面临着来自竞争对手的挑战。

例如，滴滴出行在中国市场占据主导地位，Lyft在美国市场也是一支强有力的竞争者。

此外，传统出租车行业也在加强自身服务，增强竞争力。

在竞争激烈的市场环境下，优步需要不断创新，提升服务质量，以保持竞争优势。

五、面临的挑战优步在全球范围内面临着政府监管的挑战。

一些国家和地区对优步的合法性提出质疑，认为其服务模式违反当地法律法规。

此外，优步还面临司机待遇和安全问题的挑战。

一些司机抱怨他们的收入太低，工作条件恶劣。

同时，也有乘客投诉司机素质和车辆安全问题。

结论：优步作为全球知名出行服务公司，已经取得了巨大的成功。

然而，优步仍然面临着政府监管、竞争对手、司机待遇和安全问题等多重挑战。

为了确保持续发展，优步需要进一步加强合规管理，改善司机待遇，提高安全标准，同时不断创新以应对日益激烈的竞争。

英语文章加翻译The company, which offers transportation through its smartphone app in more than 60countries, had been spending heavily in markets such as China and India, where it was locked incompetition with local rivals.通过智能手机应用在60多个国家提供叫车服务的优步，在中国、印度等市场支出了大量资金，并且陷入了与本土对手的激烈竞争。

However, the losses may decline later this year after Uber sold its China unit to local rival DidiChuxing earlier this month, in effect ending its costly subsidy war there.然而，优步的亏损今年下半年有可能减少，因为该公司本月早些时候已将其中国业务出售给了本土竞争对手滴滴出行(Didi Chuxing)——事实上结束了在中国代价高昂的补贴大战。

Uber is one of Silicon Valley’s best-funded companies, raising more than $15bn in equity anddebt from investors, and recently achieving a $68bn valuation.优步是硅谷资金最充裕的公司之一，通过股本和举债从投资者那里筹集了150多亿美元，公司最近估值达680亿美元。

The losses, which were first reported by Bloomberg, came to $520m during the first quarterand more than $750m during the second quarter, on a measure before interest, tax,depreciation and amortisation.据彭博(Bloomberg)最先报道的消息，按息税折旧及摊销前利润(EBITDA)计算，优步在今年第一季度亏损5.2亿美元，第二季度亏损超过7.5亿美元。

Luckin Coffee Inc. Announces Unaudited Second Quarter 2019Financial ResultsNet Revenues from Products Increased Over 698 Percent Year-Over-Year with 5.9 Million New TransactingCustomers Acquired During the QuarterCompany Approaching Store Level Break-Even PointBEIJING, China, August 14, 2019 (GLOBE NEWSWIRE)–Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (NASDAQ: LK), a pioneer of a technology-driven new retail model to provide coffee and other products of high quality, high affordability, and high convenience to customers, today announced its unaudited financial results for the second quarter ended June 30, 2019.SECOND QUARTER 2019 HIGHLIGHTS1•Total net revenues from products in the quarter were RMB870.0 million (US$126.7 million), representing an increase of 698.4% from RMB109.0 million in the same quarter of 2018.•Cumulative number of transacting customers increased to 22.8 million from 2.9 million as of the end of the second quarter of 2018. During the second quarter of 2019, the Company acquired 5.9 million new transacting customers.•Average monthly transacting customers in the quarter were 6.2 million, representing an increase of 410.6% from 1.2 million in the second quarter of 2018.•Average monthly total items sold in the quarter were 27.6 million, representing an increase of 589.7% from4.0 million in the second quarter of 2018.•Total number of stores at the end of the quarter were 2,963 stores, representing an increase of 374.8% from 624 stores at the end of the second quarter of 2018.•Store level operating loss in the quarter was RMB55.8 million (US$8.1 million), decreasing from a loss of RMB81.7 million in the second quarter of 2018.“We are pleased with the performance of our business as we continue to execute against our long-term growth plan,” said Ms. Jenny Zhiya Qian, Chief Executive Officer of Luckin Coffee. “Total net revenue s from products sold increased 698.4% year-over-year, driven by a significant increase in transacting customers, an increase in the1Please refer to the section “KEY DEFINITIONS” on Page 4 for detailed definitions.average number of items purchased by our transacting customers and higher effective selling prices. We believe this is the result of our distinguished value proposition of delivering our customers high quality, high convenience and high affordability.”Ms. Qian continued, “At the same time we have substantially reduced our store operating loss as a percentage of net revenues as a result of benefits of scale and increased bargaining power, operating efficiency from technology, and higher store throughput, and we are on track to reach our store level break-even point during the third quarter of 2019.”“Furthermore, we opened 593 net new Luckin stores during the quarter, providing enhanced convenience to our customers, and strategically launched our new freshly-brewed tea drinks ‘Luckin Tea’to capture different consumption moments and benefit from strong demand for freshly-brewed tea drinks in China. We also strengthened our supply chain and continued to invest in our brand and our technology. Finally, we remain on track to become the largest coffee network in Ch ina in terms of number of stores by the end of 2019,” concluded Ms. Qian.SECOND QUARTER 2019 UNAUDITED FINANCIAL RESULTSTotal net revenues were RMB909.1 million (US$132.4 million) in the second quarter, representing an increase of 648.2% from RMB121.5 million in the second quarter of 2018. Net revenues growth was primarily driven by a significant increase in the number of transacting customers, an increase in effective selling prices, and the number of products sold.•Net revenues from freshly brewed drinks were RMB659.2 million (US$96.0 million), representing 72.5% of total net revenues in the second quarter of 2019, compared to RMB100.5 million, or 82.7% of total net revenues, in the second quarter of 2018.•Net revenues from other products were RMB210.8 million (US$30.7 million), representing 23.2% of total net revenues in the second quarter of 2019, compared to RMB8.4 million, or 7.0% of total net revenues, in the second quarter of 2018.•Other revenues, which mainly include delivery fees, were RMB39.1 million (US$5.7 million), representing 4.3% of total net revenues in the second quarter of 2019, compared to RMB12.5 million, or 10.3% of total net revenues, in the second quarter of 2018.Total operating expenses were RMB1,598.8 million (US$232.9 million), representing an increase of 243.9% from RMB465.0 million in the second quarter of 2018. The increase in operating expenses was in line with business expansion. Meanwhile, operating expenses as a percentage of net revenues decreased to 175.9% in the second quarter of 2019 from 382.7% in the second quarter of 2018, mainly driven by increased economies of scale and the Company’s technology-driven operations.•Cost of materials were RMB465.8 million (US$67.9 million), representing an increase of 514.8% from RMB75.8 million in the second quarter of 2018, in line with the increase in sales of products.•Store rental and other operating costs were RMB371.5 million (US$54.1 million), representing an increase of 271.7% from RMB99.9 million in the second quarter of 2018, mainly due to increases in the number of stores and headcount.•Depreciation expenses were RMB88.5 million (US$12.9 million), representing an increase of 491.0% from RMB15.0 million in the second quarter of 2018, mainly due to increases in depreciation of leasehold improvements and purchases of operating equipment.•Sales and marketing expenses were RMB390.1 million (US$56.8 million), representing an increase of 119.1% from RMB178.1 million in the second quarter of 2018, mainly due to increases in advertising expenses and delivery expenses as the Company launched new marketing initiatives and entered into new cities. Furthermore, free product promotion expenses increased in line with the growth of new transacting customers.•General and administrative expenses were RMB265.8 million (US$38.7 million), representing an increase of 254.8% from RMB74.9 million in the second quarter of 2018. The increase in general and administrative expenses was mainly driven by business expansion, costs related to the Company’s Initial Public Offering (“IPO”), and share-based compensation to senior management.•Store preopening and other expenses were RMB17.2 million (US$2.5 million), representing a decrease of19.4% from RMB21.3 million in the second quarter of 2018, mainly due to decreased rental costs before openingas a result of improved efficiency for new store openings.Operating loss was RMB689.7 million (US$100.5 million) compared to RMB343.4 million in the second quarter of 2018. Non-GAAP operating loss was RMB619.3 million (US$90.2 million) compared to RMB343.4 million in the second quarter of 2018. For more information on non-GAAP financial measures, please see the section of “Use of Non-GAAP Financial Measures” and the table captioned “Reconciliation of Non-GAAP Measures to the Most Directly Comparable GAAP Measures” set forth at the end of this pre ss release.Net loss was RMB681.3 million (US$99.2 million) compared to RMB333.0 million in the second quarter of 2018. Non-GAAP net loss was RMB610.8 million (US$89.0 million) compared to RMB333.0 million in the second quarter of 2018.Basic and diluted net loss per ADS was RMB6.56 (US$0.96) compared to a loss of RMB23.04 in the second quarter of 2018. Non-GAAP basic and diluted net loss per ADS was RMB3.28 (US$0.48) compared to a loss of RMB6.80 in the second quarter of 2018.Net cash used in operating activities was RMB375.2 million (US$54.7 million) compared to RMB196.0 million in the second quarter of 2018. The increase was primarily driven by an increase in operating expenses as a result of expansion of the Company’s business operations.Cash and cash equivalents and short-term investments were RMB6,051.2 million (US$881.5 million) as of June 30, 2019, compared to RMB1,761.0 million as of December 31, 2018. The increase was primarily driven by the net proceeds of US$158.8 million from the issuance of Series B-1 convertible redeemable preferred shares in April 2019 to certain investors and the net proceeds of US$657.2 million from the IPO and the concurrent private placement.KEY OPERATING DATAFor the three months ended or as ofJun 30, 2018Sep 30,2018Dec31,2018Mar 31,2019Jun 30,2019Total storesPick-up stores3569031,8112,1632,741Relax stores224586109123Delivery kitchens2462411769899Cumulative number of transactingcustomers (in thousands)2,917.85,984.312,529.516,872.322,777.5 Average monthly transacting customers(in thousands)1,207.61,877.44,325.94,402.06,166.0Average monthly total items sold(in thousands)4,001.07,760.317,645.116,275.827,593.0Freshly brewed drinks3,743.76,220.413,418.813,077.221,055.7Other products257.31,539.94,226.43,198.66,537.3 GUIDANCEFor the third quarter ending 30 September 2019, the Company expects net revenues from products to be between RMB1.35 billion and RMB1.45 billion. This forecast reflects the Company’s current and preliminary views, which are subject to change.SUBSEQUENT EVENTSOn July 22, 2019 the Company signed a Memorandum of Understanding with Kuwait Food Company Americana K.S.C.C (“Americana Group”), the largest integrated food product company in the Middle East, to establish a joint venture to launch a new retail coffee business in the Greater Middle East and India.KEY DEFINITIONS•Net revenues from products. Calculated as the sum of net revenues from freshly brewed drinks and net revenues from other products.•Transacting customers for the period. Refers to a customer who bought at least one item we offer on our mobile apps or through third-party platforms in a given period, regardless of whether the customer paid for the item or merely ordered through our free product marketing initiative. Each unique mobile account is treated asa separate customer for purposes of calculating transacting customer.•Cumulative number of transacting customers. The total number of transacting customers since our inception.•Average monthly transacting customers. The number of average monthly transacting customers in the three months during the quarter.•Average monthly total items sold. Calculated by dividing the total number of items sold during the quarter by three.•Store level operating profit (loss). Calculated by deducting the cost of materials, store rental and other operating costs, and depreciation expenses from net revenues from products.•Non-GAAP operating loss. Calculated by adjusting operating loss for non-cash share-based compensation expenses.•Non-GAAP net loss. Calculated by adjusting net loss for non-cash share-based compensation expenses and change in the fair value of warrant liability.•Non-GAAP basic and diluted net loss per share. Calculated as non-GAAP net loss divided by weighted average number of basic and diluted share.•Non-GAAP basic and diluted net loss per ADS.Calculated as non-GAAP net loss divided by weighted average number of basic and diluted ADS.CONFERENCE CALLA conference call and webcast to discuss Luckin Coffee’s financial results and guidance will be held at 8:00 a.m. U.S. Eastern Time on August 14, 2019.Interested parties may listen to the conference call by dialing numbers below:United States: +1-845-675-0437International: +65-6713-5090China Domestic: 400-620-8038Hong Kong: +852-3018-6771Conference ID: 5790867The replay will be accessible through August 28, 2019, by dialing the following numbers:United States: +1-646-254-3697International: +61-2-8199-0299Conference ID: 5790867The webcast will be available at and will be archived on the site shortly after the call has concluded.A presentation to supplement the call and webcast will be available on the Company’s IR website at .USE OF NON-GAAP FINANCIAL MEASURESIn evaluating the business, the Company considers and uses non-GAAP measures, such as non-GAAP operating loss, non-GAAP net loss, non-GAAP basic and diluted net loss per ADS, as supplemental measures to review andassess operating performance. The presentation of these 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 accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company defines non-GAAP operating loss as operating loss excluding share-based compensation expenses. The Company defines non-GAAP net loss as net loss excluding share-based compensation expenses and change in fair value of warrant liability. The Company defines non-GAAP basic and diluted net loss per ADS as non-GAAP net loss divided by weighted average number of basic and diluted ADS.The Company presents these non-GAAP financial measures because they are used by management to evaluate operating performance and formulate business plans. The Company believes that the non-GAAP financial measures help identify underlying trends in its business by excluding the impact of share-based compensation expenses, which is a non-cash charge. The Company also believes that the non-GAAP financial measures could provide further information about the Company’s results of operations, enhance the overall understanding of the Company’s past performance and future prospects.The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. The Company’s non-GAAP financial measures do not reflect all items of income and expense that affect the Company’s operations and do not represent the residual cash flow available for discretionary expenditures. 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 the non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. The Company encourages you to review the Company’s financial information in its entirety and not rely on a single financial measure.For more information on the non-GAAP financial measures, please see the table captioned “Reconciliation of Non-GAAP Measures to the Most Directly Com parable GAAP Measures” set forth at the end of this press release. EXCHANGE RATE INFORMATIONThis announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB 6.8650 to US$1.00, the exchange rate on June 30, 2019 set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.SAFE HARBOR STATEMENTSThis announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets," "guidance" and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any 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 growth strategies; its future business development, results of operations and financial condition; its ability to understand buyer needs andprovide products and services to attract and retain buyers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to rely on merchants and third-party logistics service providers to provide delivery services to buyers; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with merchants; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of China’s e-commerce market; PRC governmental policies and regulations relating to the Company’s industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors 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.STATEMENT REGARDING PRELIMINARY UNAUDITED FINANCIAL INFORMATIONThe unaudited financial information set out in this earnings release is preliminary and subject to potential adjustments. Adjustments to the consolidated financial statements may be identified when audit work has been performed for the Company’s year-end audit, which could result in significant differences from this preliminary unaudited financial information.ABOUT LUCKIN COFFEE INC.Luckin Coffee Inc. (NASDAQ: LK) has pioneered a technology-driven retail network to provide coffee and other products of high quality, high affordability, and high convenience to customers. Empowered by big data analytics, AI, and proprietary technologies, the Company pursues its mission to be part of everyone’s everyday life, starting with coffee. The Company was founded in 2017 and is based in China. For more information, please visit .INVESTOR AND MEDIA CONTACTSInvestor Relations:Bill Zima / Fitzhugh TaylorICR, Inc.Phone: 203 682 8200Media Relations:Ed Trissel / Scott Bisang / Amy FengJoele Frank, Wilkinson Brimmer KatcherPhone: 212 355 4449LUCKIN COFFEE INC.CONDENSED CONSOLIDATED BALANCE SHEETAS OF DECEMBER 31, 2018 AND UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETAS OF JUNE 30, 2019(Amounts in thousands of RMB and US$, except for number of shares)As of31-Dec-18 30-Jun-19RMB RMB US$ ASSETSCurrent assets:Cash and cash equivalents 1,630,983 3,988,751 581,027 Restricted cash – current - 16,867 2,457 Short-term investments 130,000 2,062,410 300,424 Receivables from online payment platforms 4,609 6,950 1,012 Inventories 150,015 231,651 33,744 Prepaid expenses and other current assets 365,510 493,462 71,881 Amount due from a related party 147,559 - - Total current assets 2,428,676 6,800,091 990,545Non-current assets:Property and equipment, net 904,992 1,063,987 154,987 Restricted cash – non-current - 2,002 292 Other non-current assets 151,408 294,725 42,932 Total non-current assets 1,056,400 1,360,714 198,211 TOTAL ASSETS 3,485,076 8,160,805 1,188,756LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ (DEFICITS)/EQUITYCurrent liabilitiesShort-term bank borrowings 8,000 67,582 9,844 Current portion of long-term borrowing 72,787 222,758 32,448 Capital lease obligation 108,664 61,384 8,942 Accounts and note payable 176,704 258,928 37,717 Accrued expenses and other liabilities 371,017 590,991 86,089 Amounts due to related parties 24,198 7,682 1,119 Warrant liability 19,520 - - Total current liabilities 780,890 1,209,325 176,159Non-current liabilities:Long-term borrowing 226,969 76,998 11,216 Deferred revenues 126,469 52,550 7,655 Total non-current liabilities 353,438 129,548 18,871 Total liabilities 1,134,328 1,338,873 195,030Mezzanine equity:Series A convertible redeemable preferred shares12,113,347-- Series B convertible redeemable preferred shares22,164,994 - -Total mezzanine equity4,278,341--LUCKIN COFFEE INC.CONDENSED CONSOLIDATED BALANCE SHEETAS OF DECEMBER 31, 2018 AND UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETAS OF JUNE 30, 2019 (Continued)(Amounts in thousands of RMB and US$, except for number of shares)As of31-Dec-18 30-Jun-19RMB RMB US$ Shareholders’ (deficits)/equity:Ordinary shares3--- Angel-1 shares4743,376 - - Angel-2 shares5512,812 - - Class A Ordinary shares - 5 1 Class B Ordinary shares - 16 2 Additional paid-in capital 65,000 11,860,217 1,727,635 Accumulated other comprehensive loss (2,076) (4,373) (637) Accumulated deficits (3,246,705) (5,033,933) (733,275) Total Shareholders’ (deficits)/equity (1,927,593) 6,821,932 993,726TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’(DEFICITS)/ EQUITY 3,485,076 8,160,805 1,188,756 1 US$0.001 par value; 2,000,000 shares and nil authorized as of December 31, 2018 and June 30, 2019, respectively; 544,688 and nil issued and outstanding as of December 31, 2018 and June 30, 2019, respectively2 US$0.001 par value; 1,000,000 shares and nil authorized as of December 31, 2018 and June 30, 2019, respectively; 272,343 and nil issued and outstanding as of December 31, 2018 and June 30, 2019, respectively3 US$0.001 par value; 45,400,000 shares and nil authorized as of December 31, 2018 and June 30, 2019, respectively; 750,000 and nil issued and outstanding as of December 31, 2018 and June 30, 2019, respectively4 US$0.001 par value; 1,000,000 shares and nil authorized; 915,750 and nil issued and outstanding as of December 31, 2018 and June 30, 2019, respectively5 US$0.001 par value; 600,000 shares and nil authorized; 513,000 and nil issued and outstanding as of December 31, 2018 and June 30, 2019, respectively) (Angel-1 shares and Angel-2 shares, collectively “Angel Shares”)LUCKIN COFFEE INC.UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS FOR THE THREE MONTHS ENDED JUNE 30, 2018 AND JUNE 30, 2019 AND FOR THE SIX MONTHS ENDEDJUNE 30, 2018 AND JUNE 30, 2019(Amounts in thousands of RMB and US$, except for number of shares and per share data)RMB RMB US$ RMB RMB US$Net revenues:Freshly brewed drinks 100,518 659,161 96,018 110,093 1,020,256 148,617 Other products 8,449 210,835 30,712 9,852 294,815 42,945 Others 12,542 39,119 5,698 14,518 72,554 10,569 Total net revenues 121,509 909,115 132,428 134,463 1,387,625 202,131Cost of materials (75,771) (465,822) (67,855) (85,190) (741,634) (108,031) Store rental and other operatingcosts (99,939) (371,460) (54,109) (120,163) (653,831) (95,241) Depreciation expenses (14,973) (88,485) (12,889) (18,938) (172,464) (25,122) Sales and marketing expenses (178,061) (390,104) (56,825) (232,473) (558,207) (81,312) General and administrativeexpenses (74,916) (265,781) (38,715) (113,938) (438,743) (63,910) Store preopening and otherexpenses (21,296) (17,171) (2,501) (32,381) (39,545) (5,760) Total operating expenses (464,956) (1,598,823) (232,894) (603,083) (2,604,424) (379,376) Operating loss (343,447) (689,708) (100,466) (468,620) (1,216,799) (177,245)Interest income 144 14,134 2,059 197 15,685 2,285 Interest and financing expenses (554) (8,488) (1,236) (554) (16,433) (2,394) Foreign exchange gain/(loss),net 13,644 5,584 813 7,235 (3,056) (445) Other expenses (2,784) (2,803) (408) (3,484) (4,140) (603) Change in the fair value ofwarrant liability - - - - (8,322) (1,212)Net loss before income taxes (332,997) (681,281) (99,238) (465,226) (1,233,065) (179,614) Income tax expense------Net loss(332,997)(681,281)(99,238)(465,226)(1,233,065)(179,614)Add: accretion to redemptionvalue of convertibleredeemable preferred shares (793,992)(533,191)(77,668)(793,992)(552,036)(80,413) Add: deemed distribution to acertain holder of Series Bpreferred shares - - - - (2,127) (310) Net loss attributable toordinary and angelshareholders(1,126,989)(1,214,472)(176,906)(1,259,218)(1,787,228)(260,337) Loss per ordinary share1:- Basic and diluted(2.88) (0.82) (0.12) (3.29) (1.39) (0.20) Loss per ADS (8 ordinaryshares per ADS):- Basic and diluted (23.04) (6.56) (0.96) (26.32) (11.12) (1.60)1 Loss per ordinary shares for the three and six months ended June 30, 2019 is computed using the weighted-average number of ordinary shares outstanding as of June 30, 2019 which include the automatic conversion of all of the Compan y’s Angel-1 shares, Angel-2 shares, Series A convertible redeemable preferred shares, Series B convertible redeemable preferred shares and Series B-1 convertible redeemable preferred shares into ordinary shares immediately prior to the completion of the IPO at the conversion ratio of 1:1.FINANCIAL STATEMENTSLUCKIN COFFEE INC.UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVELOSS FOR THE THREE MONTHS ENDED JUNE 30, 2018 AND JUNE 30, 2019 AND FOR THE SIX MONTHS ENDEDJUNE 30, 2018 AND JUNE 30, 2019 (Continued)(Amounts in thousands of RMB and US$, except for number of shares and per share data)RMB RMB US$ RMB RMB US$ Weighted average sharesoutstanding used incalculating basic and dilutedloss per share:- Basic and diluted 390,700,549 1,487,846,055 1,487,846,055 382,893,646 1,289,711,276 1,289,711,276 Other comprehensive gain/(loss), net of tax of nil:Foreign currency translationdifference, net of tax of nil 26,468 9,625 1,402 26,706 (2,297) (335) Total comprehensive loss (1,100,521)(1,204,847)(175,504)(1,232,512)(1,789,525)(260,672)LUCKIN COFFEE INC.UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSFOR THE THREE MONTHS ENDED JUNE 30, 2018 AND JUNE 30, 2019 AND FOR THE SIX MONTHS ENDED JUNE30, 2018 AND JUNE 30, 2019(Amounts in thousands of RMB and US$)For the three months ended June 30, For the six months ended June 30,Net cash used in operating activities (195,956) (375,243) (54,660) (319,601) (1,002,872) (146,083) Net cash used in investing activities (145,214) (2,364,980) (344,498) (312,612) (2,288,335) (333,335) Net cash generated from financing activities 1,314,327 5,565,302 810,677 1,491,973 5,651,536 823,239 Effect of foreign exchange rate changes oncash and cash equivalents 14,257 4,831 704 9,277(2,561)(373) Net increase in cash and cash equivalents 987,414 2,829,910 412,223 869,037 2,357,768 343,448 Cash and cash equivalents at beginning ofthe period 100,719 1,158,841 168,804 219,096 1,630,983 237,579 Cash and cash equivalents at end of theperiod 1,088,133 3,988,751 581,027 1,088,133 3,988,751 581,027LUCKIN COFFEE INC.RECONCILIATION OF NON-GAAP MEASURES TO THE MOST DIRECTLY COMPARABLE GAAP MEASURES (Unaudited, amounts in thousands of RMB and US$, except for number of shares and per share data)RMB RMB US$ RMB RMB US$(Amounts in thousands of RMB and US$, except for share and per share data)A. Non-GAAP operating lossOperating loss (343,447) (689,708) (100,466) (468,620) (1,216,799) (177,245) Adjusted for:Share-based compensation expenses - 70,456 10,263 - 70,456 10,263 Non-GAAP operating loss (343,447) (619,252) (90,203) (468,620) (1,146,343) (166,982)B. Non-GAAP net lossNet loss (332,997) (681,281) (99,238) (465,226) (1,233,065) (179,614) Adjusted for:Share-based compensation expenses - 70,456 10,263 - 70,456 10,263 Change in the fair value of warrantliability - - - - 8,322 1,212 Non-GAAP net loss (332,997) (610,825) (88,975) (465,226) (1,154,287) (168,139)C. Non-GAAP net loss per share –basic and dilutedNet loss attributable to the Company’sordinary shareholders (1,126,989) (1,214,472) (176,906) (1,259,218) (1,787,228) (260,337) Add:Accretion to redemption value ofconvertible redeemable preferredshares 793,992 533,191 77,668 793,992 552,036 80,413 Share-based compensation expenses - 70,456 10,263 - 70,456 10,263 Change in the fair value of warrantliability - - - - 8,322 1,212 Non-GAAP net loss attributable to theCompany's ordinary shareholders (332,997) (610,825) (88,975) (465,226) (1,156,414) (168,449) Weighted average number of Class Aand Class B ordinary shares in issue-basic and diluted 390,700,549 1,487,846,055 1,487,846,055 382,893,646 1,289,711,276 1,289,711,276 Non-GAAP net loss per share– Basic and diluted (0.85) (0.41) (0.06) (1.22) (0.90) (0.13) Non-GAAP net loss per ADS– Basic and diluted (6.80) (3.28) (0.48) (9.76) (7.20) (1.04)。

●公司定位为乘客提供一种高端和更私人的出行方案，致力于成为生活方式与运输方式的交汇点，“成为真实世界的生活方式，那就是点击，然后享用。

”。

●目标人群1. 最早面向的是个人闲置的高端私家车车主，主要是各种豪华车型和SUV。

2.需要相对高端和及时搭乘服务的用户。

●业务分类1.UberX，车型：大众帕萨特、别克GL8、本田雅阁等同级别车辆。

2.UberBLACK，车型：奥迪A6、宝马5系、奔驰S/E系等同级别车辆。

3.UberLux，车型：奔驰S级车、宝马7、奥迪A8等同级别车辆。

4.UberSUV，大型越野车辆。

5.冰淇淋、烧烤等的短时或长期的快递服务，不过，目前国内 Uber提供的Full-time服务里只有叫车服务，还没有送包裹、送花、送家具等即时运送的服务，换言之，Uber的主营业务仍非常接近国内打车软件嘀嘀和快的，尤其是模式比较接近的易到用车。

●车辆来源1.在某些国家可以与私人签署合同，对私家车主进行线下的面试和培训。

2.与各类出租车公司（2012年9月才开始采用出租车）、汽车公司签署合同。

3.在中国，由于政策方面的原因，Uber 无法直接与私家车主签约——Uber X 以上的服务均是和汽车租赁公司合作，但 Uber 聪明地以“拼车“之名推出了“人民优步”的服务——北京市政府 2014 年 1 月出台了《北京市交通委员会关于北京市小客车合乘出行的意见》，让拼车的行为有法可依，但私家车不允许进行营利性的营运。

Uber 索性以非营利的形式将庞大的私家车资源利用起来(司机事先经过uber系统筛选)，以拼车为契机，以低价切入市场，不仅给用户提供了更低价的选择、迅速地进行了扩张，还笼络了庞大的私家车资源。

●销售和营销1.跨界营销，与其他品牌合作，比如在国内与宝马mini以及初创公司维果清等，产品气质相似，都在倡导一种不同于传统的生活方式，有创新精神。

2.与妈妈网合作，举办专车送孩子第一天去上幼儿园的活动，利用消费者参与进行营销。

uber读法全文共四篇示例，供读者参考第一篇示例：Uber这个单词源自德语，读音为[ˈuːbər]，既有“超越”、“终极”、“顶级”的含义。

这个单词在英语中通常指的是一种新型的出行服务，即网约车服务。

Uber公司是全球最知名的网约车服务提供商之一，总部位于美国加利福尼亚州的旧金山。

Uber公司的成立标志着出行服务的革新，改变了人们的出行方式，也推动了传统出租车行业的发展。

Uber公司成立于2009年，在创始人特拉维斯·卡兰尼克的带领下，迅速崛起并扩张到全球各个国家和地区。

Uber利用移动互联网和GPS 技术，为用户提供一种简便、快捷、价格相对优惠的出行选择。

用户只需在手机应用上输入目的地，系统会进行匹配并派遣最近的司机前来接送。

用户可以实时查看车辆位置、车型、司机信息及费用，并在服务结束后进行评价和支付。

这种便捷的出行方式受到了许多人的青睐。

Uber的服务模式和商业模式在全球范围内引起了广泛关注和争议。

一方面，Uber的出现让乘客享受到了更便宜、更高效的出行服务；传统出租车行业却面临严重冲击，出租车司机的收入也受到影响。

Uber的司机多为兼职接单，工作时间灵活，但也存在一些劳动保护和劳动权益问题。

在一些国家和地区，Uber甚至遭受了诉讼和政府监管的困扰。

尽管遭遇困难，但Uber公司依然在不断创新和发展，在不断改进服务质量的也在探索新的商业模式和商业机会。

Uber不仅提供网约车服务，还涉足了食品外卖、货运、共享单车等领域，逐渐成为一个综合性的出行服务平台。

Uber还在无人驾驶汽车技术方面进行了长期投入和研究，希望通过自动驾驶技术来提升车辆利用率和安全性。

在全球疫情的背景下，Uber公司也积极应对疫情带来的挑战，推出了更多的安全措施和服务保障。

加强司机和乘客的健康检测，提供口罩和消毒液等防护用具，推出无接触配送等服务。

这些举措不仅提升了用户对Uber的信任度，也为公司赢得了更多的市场份额。

NIO Inc. Reports Unaudited Second Quarter 2019 Financial ResultsSeptember 24, 2019Quarterly Total Revenues reached RMB1,508.6 million (US$219.7 million)Quarterly Deliveries of the ES8 and the ES61were 3,553 vehiclesSHANGHAI, China, Sept. 24, 2019 (GLOBE NEWSWIRE) -- NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today announced its unaudited financial results for the second quarter ended June 30, 2019.Operating Highlights for the Second Quarter of 2019Deliveries of the ES8 were 3,140 in the second quarter of 2019, compared with 3,989 vehicles delivered in the firstquarter of 2019.Deliveries of the ES6 reached 413 in the second quarter of 2019.Key Operating Results2019 Q22019 Q1DeliveriesES83,1403,989ES6413—Total3,5533,989Financial Highlights for the Second Quarter of 2019Vehicle sales were RMB1,414.5 million (US$206.1 million) in the second quarter of 2019, representing a decrease of7.9% from the first quarter of 2019.Vehicle margin2 was negative 24.1%, compared with negative 7.2% in the first quarter of 2019. Excluding accrued recall costs, vehicle margin in the second quarter was negative 4.0%.Total revenues were RMB1,508.6 million (US$219.7 million) in the second quarter of 2019, representing a decrease of7.5% from the first quarter of 2019.Gross margin was negative 33.4%, compared with negative 13.4% in the first quarter of 2019. Excluding accrued recall costs, gross margin in the second quarter was negative 10.9%.Loss from operations was RMB3,226.1 million (US$469.9 million) in the second quarter of 2019, representing anincrease of 23.2% from the first quarter of 2019 and a 72.1% increase from the same period of 2018. Excluding accrued recall costs and expenses, loss from operations in the second quarter was RMB2,869.7 million (US$418.0 million).Excluding share-based compensation expenses, adjusted loss from operations (non-GAAP) was RMB3,133.9 million(US$456.5 million) in the second quarter of 2019, representing an increase of 25.5% from the first quarter of 2019 and a73.0% increase from the same period of 2018.Net loss was RMB3,285.8 million (US$478.6 million) in the second quarter of 2019, representing an increase of 25.2% from the first quarter of 2019 and an 83.1% increase from the same period of 2018. Excluding share-based compensation expenses, adjusted net loss (non-GAAP) was RMB3,193.6 million (US$465.2 million) in the second quarter of 2019,representing an increase of 27.5% from the first quarter of 2019 and an 84.5% increase from the same period of 2018.Net loss attributable to NIO’s ordinary shareholders was RMB3,313.7 million (US$482.7 million) in the second quarter of 2019, representing an increase of 24.9% from the first quarter of 2019 and a decrease of 45.8% from the same period of 2018. Excluding share-based compensation expenses and accretion on redeemable non-controlling interests toredemption value, adjusted net loss attributable to NIO’s ordinary shareholders (non-GAAP) was RMB3,189.9 million (US$464.7 million).Basic and diluted net loss per American depositary share (ADS)3 were both RMB3.23 (US$0.47) in the second quarter of 2019. Excluding share-based compensation expenses and accretion on redeemable non-controlling interests toredemption value, adjusted basic and diluted net loss per ADS (non-GAAP) were both RMB3.11 (US$0.45).Cash and cash equivalents, restricted cash and short-term investment were RMB3,455.6 million (US$503.4 million) as of June 30, 2019.Key Financial Results(in RMB million, except for per ordinary sharedata and percentage)2019 Q22019 Q12018 Q2% Change4QoQ YoY Vehicle Sales1,414.5 1,535.2 44.4 -7.9%3,086.0% Vehicle Margin-24.1%-7.2%-317.9%-16.9%293.8% Total Revenues1,508.6 1,631.2 46.0 -7.5%3,180.1% Gross Margin-33.4% -13.4%-333.1%-20.0%299.7% Loss from Operations(3,226.1)(2,617.7)(1,875.0)23.2%72.1% Adjusted Loss from Operations (non-GAAP)(3,133.9)(2,498.1)(1,811.5)25.5%73.0% Net Loss(3,285.8)(2,623.6)(1,794.5)25.2%83.1% Adjusted Net Loss (non-GAAP)(3,193.6)(2,504.0)(1,731.1)27.5%84.5% Net Loss Attributable to Ordinary Shareholders(3,313.7)(2,652.0)(6,110.6)24.9%-45.8% Net Loss per Ordinary Share-Basic and Diluted(3.23)(2.56)(204.93)25.9%-98.4% Adjusted Net Loss per Ordinary Share-Basic andDiluted (non-GAAP)(3.11)(2.42)(57.82)28.5%-94.6%Recent DevelopmentsDeliveries in July and August 2019Deliveries in July were 837 vehicles, consisting of 164 ES8s and 673 ES6s. Deliveries during the month were impacted by the Company’s voluntary battery recall for 4,803 ES8s, as the Company prioritized battery manufacturing capacity which significantly affected production and deliveries.Deliveries in August were 1,943 vehicles, consisting of 146 ES8s and 1,797 ES6s, and representing 132.1% sequential improvement.Convertible Note Subscription Agreements with Tencent and Bin LiThe Company has entered into convertible note subscription agreements with an affiliate of Tencent Holdings Limited(“Tencent”) and Mr. Bin Li, chairman and chief executive officer of the Company (together with Tencent, the “Investors”), pursuant to which NIO will issue and sell convertible notes (“Notes”) in an aggregate principal amount of US$200 million to the Investors through a private placement. Consummation of the placement of the Notes is subject to satisfaction ofcustomary closing conditions and is expected to close before the end of September.Tencent and Mr. Li will each subscribe for US$100 million principal amount of the convertible notes, each in two equally split tranches. The Notes issued in the first tranche will mature in 360 days, bear no interest, and require the Company to pay a premium at 2% of the principal amount at maturity. The Notes issued in the second tranche will mature in threeyears, bear no interest, and require the Company to pay a premium at 6% of the principal amount at maturity. The 360-day Notes will be convertible into Class A Ordinary Shares (or ADSs) of the Company at a conversion price of US$2.98 per ADS at the holder’s option from the 15th day immediately prior to maturity, and the 3-year Notes will be convertible into Class A Ordinary Shares (or ADSs) of the Company at a conversion price of US$3.12 per ADS at the holder’s option from the first anniversary of the issuance date. The holders of the 3-year Notes will have the right to require the Company to repurchase for cash all of the Notes or any portion thereof on February 1, 2022.CEO Comments“During the second quarter of 2019, we delivered a total of 3,553 ES8 and ES6 vehicles. This was followed by 837 units in July and 1,943 units in August, bringing our total aggregate deliveries to 21,670 as of August 31, 2019,” said William Bin Li, founder, chairman and chief executive officer of NIO. “Our ES6, the Company’s 5-seater high-performance premium electric SUV, beganrolling off the production line in June, and we are ramping up the production and deliveries for the coming months. In an environment of softer macro-economic and auto market conditions, we continue to work hard to expand our market penetration. Starting in October, we will begin delivering the ES6 and ES8 with an 84-kWh battery pack, extending their NEDC driving range to 510 km and 430 km, respectively. Going forward, we will continue to enhance sales by strengthening our value proposition through technology advancement.”“In response to the overall tempered market conditions, we are also working hard to maximize returns on our resources and have implemented comprehensive efficiency and cost control measures across the organization. These measures aim to further improve efficiency and streamline operations within our sales and service network and R&D activities. We target to reduce our global headcount to be around 7,800 by the end of the third quarter from over 9,900 in January 2019, and aim to further pursue a leaner operation through additional restructuring and spinning off some non-core businesses by year end,” Mr. Li concluded.Financial Results for the Second Quarter of 2019RevenuesVehicle sales in the second quarter of 2019 were RMB1,414.5 million (US$206.1 million), representing a decrease of7.9% from the first quarter of 2019. The decrease in vehicle sales over the first quarter of 2019 was mainly due to thedecrease in sales volume in the second quarter of 2019 caused by the electric vehicle (EV) subsidy reduction announced in late March and the slowdown of macro-economic conditions in China which has been exacerbated by the US-China trade war.Other sales in the second quarter of 2019 were RMB94.0 million (US$13.7 million), representing a decrease of 2.0% from the first quarter of 2019. The decrease in other sales over the first quarter of 2019 was mainly attributed to the salesdecline in charging piles, in line with the decline in vehicle sales.Total revenues in the second quarter of 2019 were RMB1,508.6 million (US$219.7 million), representing a decrease of7.5% from the first quarter of 2019.Cost of Sales and Gross MarginCost of sales in the second quarter of 2019 was RMB2,012.8 million (US$293.2 million), representing an increase of 8.8% from the first quarter of 2019. The increase in cost of sales over the first quarter of 2019 was mainly caused by accrued recall costs in relation to the Company’s voluntary recall of 4,803 vehicles announced on June 27, 2019. Total recall costs accrued in the second quarter of 2019 were RMB339.1 (US$49.4 million), including RMB283.3 million (US$41.3 million) recorded in cost of vehicle sales and RMB55.8 million (US$8.1 million) recorded in cost of other sales, respectively.Excluding accrued recall costs, cost of sales in the second quarter was RMB1,673.7 million (US$243.8 million),representing a decrease of 9.6% from the first quarter of 2019.Vehicle margin in the second quarter of 2019 was negative 24.1%, compared with negative 7.2% in the first quarter of 2019. The decrease of vehicle margin was mainly driven by the accrued recall costs in relation to the Company’s voluntary recall of 4,803 vehicles announced on June 27, 2019. Excluding accrued recall costs, vehicle margin in the second quarter was negative 4.0%.Gross margin in the second quarter of 2019 was negative 33.4%, compared with negative 13.4% in the first quarter of 2019, which was mainly influenced by the decrease of vehicle margin. Excluding accrued recall costs, gross margin in the second quarter was negative 10.9%.Operating ExpensesResearch and development expenses in the second quarter of 2019 were RMB1,300.5 million (US$189.4 million),representing an increase of 20.6% from the first quarter of 2019 and an increase of 70.0% from the second quarter of2018. Excluding share-based compensation expenses, adjusted research and development expenses (non-GAAP) were RMB1,281.7 million (US$186.7 million), representing an increase of 22.5% from the first quarter of 2019 and an increase of68.3% from the second quarter of 2018. The increase in research and development expenses over the first quarter of 2019was primarily attributed to increased rigorous testing activities of ES6 before its mass production in the second quarter of 2019.Selling, general and administrative expenses in the second quarter of 2019 were RMB1,421.4 million (US$207.0million), representing an increase of 7.7% from the first quarter of 2019 and an increase of 48.6% from the second quarter of 2018. Excluding share-based compensation expenses, adjusted selling, general and administrative expenses(non-GAAP) were RMB1,351.3 million (US$196.8 million), representing an increase of 9.5% from the first quarter of 2019 and an increase of 50.7% from the second quarter of 2018. The increase in selling, general and administrative expensesover the first quarter of 2019 was primarily driven by the Company’s marketing expenditure on the Shanghai auto show and ES6 test drive campaign in the second quarter.Loss from OperationsLoss from operations in the second quarter of 2019 was RMB3,226.1 million (US$469.9 million), representing anincrease of 23.2% from the first quarter of 2019 and an increase of 72.1% from the second quarter of 2018. Excluding accrued recall costs and expenses, loss from operations in the second quarter was RMB2,869.7 million (US$418.0 million).Excluding share-based compensation expenses, adjusted loss from operations (non-GAAP) was RMB3,133.9 million(US$456.5 million), representing an increase of 25.5% from the first quarter of 2019 and an increase of 73.0% from the second quarter of 2018.Share-based Compensation ExpensesShare-based compensation expenses in the second quarter of 2019 were RMB92.2 million (US$13.4 million),representing a decrease of 22.9% from the first quarter of 2019 and an increase of 45.3% from the second quarter of2018. The decrease in share-based compensation expenses over the first quarter of 2019 was primarily due to the part of the share-based compensation expenses that are recognized using the accelerated method, under which the expenses decrease gradually over the vesting period.Net Loss and Earnings Per ShareNet loss was RMB3,285.8 million (US$478.6 million) in the second quarter of 2019, representing an increase of 25.2% from the first quarter of 2019 and an increase of 83.1% from the second quarter of 2018. Excluding share-basedcompensation expenses, adjusted net loss (non-GAAP) was RMB3,193.6 million (US$465.2 million) in the second quarter of 2019, representing an increase of 27.5% from the first quarter of 2019 and an increase of 84.5% from the secondquarter of 2018.Net loss attributable to NIO’s ordinary shareholders in the second quarter of 2019 was RMB3,313.7 million (US$482.7 million), representing an increase of 24.9% from the first quarter of 2019 and a decrease of 45.8% from the second quarter of 2018. Excluding share-based compensation expenses and accretion on redeemable non-controlling interests toredemption value, adjusted net loss attributable to NIO’s ordinary shareholders (non-GAAP) was RMB3,189.9 million(US$464.7 million).Basic and diluted net loss per ADS in the second quarter of 2019 were both RMB3.23 (US$0.47). Excludingshare-based compensation expenses and accretion on redeemable non-controlling interests to redemption value, adjusted basic and diluted net loss per ADS (non-GAAP) were both RMB3.11 (US$0.45).Balance SheetsBalance of cash and cash equivalents, restricted cash and short-term investment was RMB3,455.6 million(US$503.4 million) as of June 30, 2019.On January 1, 2019, the Company adopted ASC 842, Leases and used the additional transition method to initially apply this new lease standard at the adoption date. Right-of-use assets and lease liabilities were recognized on the Company's consolidated financial statements.Business OutlookFor the third quarter of 2019, the Company expects:Deliveries of vehicles to be between 4,200 and 4,400 units, representing an increase of approximately 18.2% to 23.8% from the second quarter of 2019.Total revenues to be between RMB1,593 million (US$232.0 million) and RMB1,663million (US$242.2 million), representing an increase by approximately 5.6% to 10.3% from the second quarter of 2019.This business outlook reflects the Company’s current and preliminary view on the business situation and market condition, which is subject to change.Conference CallManagement will not hold its previously scheduled second quarter 2019 earnings conference call at 8:00 a.m. Eastern Time today, Tuesday, September 24, 2019 (8:00 p.m. Beijing Time on September 24, 2019).About NIO Inc.NIO Inc. is a pioneer in China’s premium electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle by offering premium smart electric vehicles and being the best user enterprise. NIO designs, jointly manufactures, and sells smart and connected premium electric vehicles,driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. Redefining the user experience, NIO provides users with comprehensive, convenient and innovative charging solutions and other user-centric services. NIO began deliveries of the ES8, a 7-seater high-performance premium electric SUV in China in June 2018, and its variant, the six-seater ES8, in March 2019. NIO officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and began deliveries in June 2019.Safe Harbor StatementThis press release contains statements that may constitute “forward-looking” statements pursuant to 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,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as NIO’s strategic and operational plans, contain forward-looking statements. NIO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIO’s beliefs, plans 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: NIO’s strategies; NIO’s future business development, financial condition and results of operations; NIO’s ability to develop and manufacture a car of sufficient quality and appeal to customers on schedule and on a large scale; its ability to grow manufacturing in collaboration with partners; its ability to provide convenient charging solutions to our customers; its ability to satisfy the mandated safety standards relating to motor vehicles; its ability to secure supply of raw materials or other components used in our vehicles; its ability to secure sufficient reservations and sales of the ES8 and ES6; its ability to control costs associated with our operations; its ability to build our NIO brand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIO’s filings with the SEC. All information provided in this press release is as of the date of this press release, and NIO does not undertake any obligation to update any forward-looking statement, except as required under applicable law.Non-GAAP DisclosureThe Company uses non-GAAP measures, such as adjusted cost of sales (non-GAAP), adjusted research and development expenses(non-GAAP),adjusted selling,general and administrative expenses(non-GAAP),adjusted loss from operations (non-GAAP), adjusted net loss (non-GAAP), adjusted net loss attributable to ordinary shareholders (non-GAAP), adjusted basic and diluted net loss per share (non-GAAP) and adjusted basic and diluted net loss per ADS (non-GAAP), in evaluating its operating results and for financial and operational decision-making purposes.By excluding the impact of share-based compensation expenses, accretion on convertible redeemable preferred shares to redemption value and accretion on redeemable non-controlling interests to redemption value,the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’s past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company’s operating performance,investors should not consider them in isolation,or as a substitute for net loss or other consolidated statements of comprehensive loss data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance.For more information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliation of GAAP and Non-GAAP Results” set forth at the end of this press release.Exchange RateThis announcement contains translations of certain Renminbi amounts into U.S.dollars at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from Renminbi to U.S. dollars were made at the rate of RMB6.8650 to US$1.00, the noon buying rate in effect on June 28, 2019 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the Renminbi or U.S. dollars amounts referred could be converted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all.Statement Regarding Preliminary Unaudited Financial InformationThe unaudited financial information set out in this earnings release is preliminary and subject to potential adjustments. Adjustments to the consolidated financial statements may be identified when audit work has been performed for the Company’s year-end audit, which could result in significant differences from this preliminary unaudited financial information.For more information, please visit: Contacts:NIO Inc.Investor RelationsTel: +86-21-6908-3681Email: ir@The Piacente Group, Inc.Brandi PiacenteTel: +1-212-481-2050Email: nio@Ross WarnerTel: +86-10-6508-0677Email: nio@Source: NIONIO INC.Consolidated Balance SheetsAmounts expressed in Renminbi (“RMB”), unless otherwise stated(in thousands, except for share and per share data)December 31, 2018June 30,2019June 30,2019(audited)(unaudited)(unaudited)(US$) ASSETSCurrent assets:Cash and cash equivalents3,133,8472,352,277342,648 Restricted cash57,01283,30012,134 Short-term investment5,154,7031,020,000148,580 Trade receivable756,5081,253,019182,523 Amounts due from related parties88,06653,3247,768 Inventory1,465,2391,390,696202,578 Prepayments and other current assets1,514,2571,842,886268,447Total current assets12,169,6327,995,5021,164,678Non-current assets:Long-term restricted cash33,52820,6083,002 Property, plant and equipment, net4,853,1575,612,717817,583 Intangible assets, net3,4702,839414 Land use rights, net213,662211,23830,770 Long-term investments148,303178,07425,939 Amounts due from related parties7,9707,9701,161 Right-of-use assets - operating lease—2,299,433334,950 Other non-current assets1,412,8301,874,537273,057Total non-current assets6,672,92010,207,4161,486,876 Total assets18,842,55218,202,9182,651,554LIABILITIESCurrent liabilities:Short-term borrowings1,870,0001,477,600215,237 Trade payable2,869,9532,059,674300,025 Amounts due to related parties219,583350,87951,111 Taxes payable51,31740,0035,827 Current portion of operating lease liabilities—524,67576,428 Current portion of long-term borrowings198,852291,70742,492 Accruals and other liabilities3,383,6813,501,979510,121Total current liabilities8,593,3868,246,5171,201,241Non-current liabilities:Long-term borrowings1,168,0126,514,508948,945 Non-current operating lease liabilities—1,932,100281,442 Other non-current liabilities930,8121,053,533153,464Total non-current liabilities2,098,8249,500,1411,383,851 Total liabilities10,692,21017,746,6582,585,092NIO INC.Consolidated Balance SheetsAmounts expressed in Renminbi (“RMB”), unless otherwise stated(in thousands, except for share and per share data)December 31, 2018June 30,2019June 30,2019(audited)(unaudited)(unaudited)(US$) MEZZANINE EQUITYRedeemable non-controlling interests1,329,197 1,391,972 202,764Total mezzanine equity1,329,197 1,391,972 202,764SHAREHOLDERS’ EQUITYOrdinary shares1,809 1,818 265 Treasury shares(9,186)——Additional paid in capital41,918,936 40,208,643 5,857,049 Accumulated other comprehensive loss(34,708)(165,432)(24,098) Accumulated deficit(35,039,810)(41,005,495)(5,973,124)Total NIO Inc. shareholders’ equity6,837,041 (960,466)(139,908) Non-controlling interests(15,896)24,754 3,606 Total shareholders’ equity6,821,145 (935,712)(136,302) Total liabilities, mezzanine equity and shareholders’ equity18,842,552 18,202,918 2,651,554NIO INC.Consolidated Statements of Comprehensive LossAmounts expressed in Renminbi (“RMB”), unless otherwise stated(in thousands, except for share and per share data)Three Months EndedJune 30, 2018March 31,2019June 30, 2019June 30, 2019(unaudited)(unaudited)(unaudited)(unaudited)(US$) Revenues:Vehicle sales44,399 1,535,190 1,414,533 206,050 Other sales1,592 95,971 94,037 13,698 Total revenues45,991 1,631,161 1,508,570 219,748 Cost of sales:Vehicle sales(185,531)(1,645,189)(1,755,017)(255,647) Other sales(13,648)(205,273)(257,737)(37,544) Total cost of sales(199,179)(1,850,462)(2,012,754)(293,191) Gross loss(153,188)(219,301)(504,184)(73,443) Operating expenses:Research and development(765,205)(1,078,448)(1,300,531)(189,444) Selling, general and administrative(956,568)(1,319,937)(1,421,392)(207,049)Total operating expenses(1,721,773)(2,398,385)(2,721,923)(396,493)Loss from operations(1,874,961)(2,617,686)(3,226,107)(469,936)Interest income21,128 62,738 46,519 6,776 Interest expenses(14,442)(68,118)(96,884)(14,113) Share of (losses)/income of equity investees(6,525)2,112 (28,214)(4,110)Other income/(loss), net82,778 (1,324)22,600 3,292 Loss before income tax expense(1,792,022)(2,622,278)(3,282,086)(478,091) Income tax expense(2,485)(1,341)(3,679)(536)Net loss(1,794,507)(2,623,619)(3,285,765)(478,627)Accretion on convertible redeemable preferred shares to redemptionvalue(4,323,154)———Accretion on redeemable non-controlling interests to redemptionvalue—(31,214)(31,561)(4,597) Net loss attributable to non-controlling interests7,036 2,804 3,670 535Net loss attributable to ordinary shareholders of NIO Inc.(6,110,625)(2,652,029)(3,313,656)(482,689)Net loss(1,794,507)(2,623,619)(3,285,765)(478,627) Other comprehensive (loss)/incomeForeign currency translation adjustment, net of nil tax1,217 (60,585)(70,139)(10,217) Total other comprehensive (loss)/income1,217 (60,585)(70,139)(10,217) Total comprehensive loss(1,793,290)(2,684,204)(3,355,904)(488,844)Accretion on convertible redeemable preferred shares to redemptionvalue(4,323,154)———Accretion on redeemable non-controlling interests to redemptionvalue—(31,214)(31,561)(4,597) Net loss attributable to non-controlling interests7,036 2,804 3,670 535Comprehensive loss attributable to ordinary shareholders ofNIO Inc.(6,109,408)(2,712,614)(3,383,795)(492,906)Weighted average number of ordinary shares used incomputing net loss per shareBasic and diluted29,818,067 1,034,648,189 1,026,505,444 1,026,505,444 Net loss per share attributable to ordinary shareholdersBasic and diluted(204.93)(2.56)(3.23)(0.47) Weighted average number of ADS used in computing netloss per shareBasic and diluted—1,034,648,189 1,026,505,444 1,026,505,444 Net loss per ADS attributable to ordinary shareholdersBasic and diluted—(2.56)(3.23)(0.47)NIO INC.Unaudited Reconciliation of GAAP and Non-GAAP ResultsAmounts expressed in Renminbi (“RMB”), unless otherwise stated(in thousands, except for share and per share data)。

有关uber的作文英文Uber is a popular ride-sharing app that has revolutionized the way people get around in cities. It's so convenient to just open the app, request a ride, and have a car show up at your location within minutes.The best thing about Uber is the flexibility it offers. You can choose to drive for Uber as a side hustle, picking up passengers whenever it fits into your schedule. It's a great way to make some extra cash without committing to a traditional 9-5 job.One of the biggest controversies surrounding Uber is the issue of safety. There have been reports of drivers behaving inappropriately or even committing crimes against their passengers. This has led to calls for stricter background checks and safety measures for Uber drivers.Uber has also faced criticism for its impact on traditional taxi services. Many taxi drivers argue thatUber operates unfairly, as its drivers don't have to adhere to the same regulations and fees that taxi drivers do. This has led to protests and legal battles in many cities around the world.Despite the controversies, there's no denying that Uber has changed the way we think about transportation. It's convenient, affordable, and has made getting around in cities much easier. Whether you love it or hate it, Uber is definitely here to stay.。