\nMOGU Inc. (NYSE: MOGU) (\u201cMOGU\u201d or the “Company”), a leading KOL-driven online fashion and lifestyle destination in China, today announced its unaudited financial results for the first quarter of fiscal year 2022 ended June 30, 2021.\n<\/p>\n
\nMr. Chen Qi, Chairman and Chief Executive Officer of MOGU, commented, \u201cAs we continue to make progress on the strategic transformation of Mogu\u2019s Live Video Broadcasting business, the GMV from our Live eCommerce business continues to grow, rising by 14.7% year-over-year and accounting for 90.8% of our total GMV during the quarter. Younger consumers are shaping many new consumption trends in China, one of which is their strong influence on smaller Chinese domestic products and brands. As we look forward, we will focus on establishing new partnerships with more suppliers that closely meet the needs of these new consumption trends, while also empowering more KOLs on our platform through our short video format. By providing more fashionable and high-quality product offerings and services to our users, we will maintain a high user retention rate and ARPU. Simultaneously, we will further develop and utilize the service capabilities for commercial partners that we have built over the years to create a more abundant live video broadcasting eCommerce ecosystem.\u201d\n<\/p>\n
\n“During the first fiscal quarter of 2022, our total revenues were RMB92.0 million and the loss from operations were RMB98.0 million, compared with RMB132.5 million and negative RMB94.9 million, respectively, for the same period of fiscal year 2021. The overall market environment is increasingly competitive, as we see more aggressive measures being used to acquire new users, driving the user acquisition costs up. Despite this, we continue to stay disciplined and execute on our strategy of investing in and serving our brands and merchants, while diversifying our revenue structure to gain incremental growth. We will also continue to put further effort on optimizing customer acquisition costs and our overall operating efficiency.” added Ms. Qi Feng, Financial Controller.\n<\/p>\n
First Quarter Fiscal Year 2022 Highlights<\/b><\/p>\n First quarter Fiscal Year 2022 Financial Results<\/b><\/p>\n Total revenues<\/b> decreased by 30.6% to RMB92.0 million (US$14.2 million) from RMB132.5 million during the same quarter of fiscal year 2021.\n<\/p>\n Cost of revenues<\/i> decreased by 10.9% to RMB43.5 million (US$6.7 million) from RMB48.8 million in the same period of fiscal year 2021, which was primarily due to a decrease in the IT related expenses.\n<\/p>\n Sales and marketing expenses<\/i>decreased by 28.9% to RMB44.0 million (US$6.8 million) from RMB61.9 million in the same period of fiscal year 2021, primarily due to optimized spending on branding activities.\n<\/p>\n Research and development expenses <\/i>decreased by 24.8% to RMB21.8 million (US$3.4 million) from RMB29.0 million in the same period of fiscal year 2021, primarily as a result of headcount optimization in the same quarter of fiscal year 2021.\n<\/p>\n General and administrative expenses<\/i> decreased by 1.4% to RMB23.2 million (US$3.6 million) from RMB23.5 million in the same period of fiscal year 2021, primarily due to the decrease in the allowance for doubtful receivables.\n<\/p>\n Amortization of intangible assets<\/i> decreased by 8.2% to RMB64.7 million (US$10.0 million) from RMB70.5 million in the same period of fiscal year 2021.\n<\/p>\n Loss from operations<\/b> was RMB98.0 million (US$15.2 million), compared to loss from operations of RMB94.9 million in the same period of fiscal year 2021.\n<\/p>\n Net loss attributable to MOGU Inc.\u2019s ordinary shareholders <\/b>was RMB95.5 million (US$14.8 million), compared to a net loss attributable to MOGU Inc\u2019s ordinary shareholders of RMB88.9 million in the same period of fiscal year 2021.\n<\/p>\n Adjusted EBITDA3<\/sup><\/b>was negative RMB25.2 million (US$3.9 million), compared to negative RMB17.4 million in the same period of fiscal year 2021.\n<\/p>\n Adjusted net loss4<\/sup><\/b> was RMB24.3 million (US$3.8 million), compared to adjusted net loss of RMB14.4 million in the same period of fiscal year 2021.\n<\/p>\n Basic and diluted loss per ADS <\/b>were RMB1.00 (US$0.15) and RMB1.00 (US$0.15), compared with RMB0.81 and RMB0.81, respectively, in the same period of fiscal year 2021. One ADS represents 25 Class A ordinary shares.\n<\/p>\n Cash and cash equivalents, Restricted cash and Short-term investments <\/b>were RMB776.3 million (US$120.2 million) as of June 30, 2021, compared with RMB803.1 million as of March 31, 2021.\n<\/p>\n Subsequent event<\/b><\/p>\n \nIn July 2021, Hangzhou Juangua Network Co., Ltd. (\u201cHangzhou Juangua\u201d), a consolidated affiliated entity of the Company purchased equity interests in Hangzhou Ruisha Technology Co., Ltd. (\u201cHangzhou Ruisha\u201d) with a consideration of RMB50 million in cash. MOGU beneficially owns 59.62% equity interests in Hangzhou Ruisha upon the closing of the transactions.\n<\/p>\n Conference Call<\/b><\/p>\n \nMOGU’s management will host an earnings conference call at 7:30 AM U.S. Eastern Time on Friday, August 27, 2021 (7:30 PM Beijing\/Hong Kong Time on the same day).\n<\/p>\n \nDial-in numbers for the live conference call are as follows:\n<\/p>\n \nInternational:\n<\/p>\n<\/td>\n \n+1 647 689 5649\n<\/p>\n<\/td>\n<\/tr>\n \nMainland China, North:\n<\/p>\n<\/td>\n \n+86 108 007 141 191\n<\/p>\n<\/td>\n<\/tr>\n \nMainland China, South:\n<\/p>\n<\/td>\n \n+86 108 001 401 195\n<\/p>\n<\/td>\n<\/tr>\n \nUnited States:\n<\/p>\n<\/td>\n \n+1 877 824 0239\n<\/p>\n<\/td>\n<\/tr>\n \nHong Kong:\n<\/p>\n<\/td>\n \n+852 800 901 563\n<\/p>\n<\/td>\n<\/tr>\n \nPasscode:\n<\/p>\n<\/td>\n \nMogu\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \nA telephone replay of the call will be available after the conclusion of the conference call until 11:59 PM ET on September 3, 2021.\n<\/p>\n \nDial-in numbers for the replay are as follows:\n<\/p>\n \nInternational:\n<\/p>\n<\/td>\n \n+1 416 621 4642\n<\/p>\n<\/td>\n<\/tr>\n \nUnited States:\n<\/p>\n<\/td>\n \n+1 800 585 8367\n<\/p>\n<\/td>\n<\/tr>\n \nPasscode:\n<\/p>\n<\/td>\n \n5687055\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n MOGU INC.<\/b><\/p>\n<\/td>\n<\/tr>\n Unaudited Interim Condensed Consolidated Balance Sheets<\/b><\/p>\n<\/td>\n<\/tr>\n (All amounts in thousands, except for share and per share data)<\/b><\/p>\n<\/td>\n<\/tr>\n As of March 31,<\/b><\/p>\n<\/td>\n As of June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n 2021<\/b><\/p>\n<\/td>\n 2021<\/b><\/p>\n<\/td>\n<\/tr>\n RMB<\/b><\/p>\n<\/td>\n RMB<\/b><\/p>\n<\/td>\n US$<\/b><\/p>\n<\/td>\n<\/tr>\n ASSETS<\/b><\/p>\n<\/td>\n Current assets:<\/b><\/p>\n<\/td>\n \nCash and cash equivalents\n<\/p>\n<\/td>\n \n542,076\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n602,347\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n93,292\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nRestricted cash\n<\/p>\n<\/td>\n \n808\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n808\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n125\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nShort-term investments\n<\/p>\n<\/td>\n \n260,245\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n173,184\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n26,823\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nInventories, net\n<\/p>\n<\/td>\n \n240\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n230\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n36\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nLoan receivables, net\n<\/p>\n<\/td>\n \n99,965\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n97,566\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n15,111\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nPrepayments and other current assets\n<\/p>\n<\/td>\n \n77,679\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n65,093\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n10,082\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nAmounts due from related parties\n<\/p>\n<\/td>\n \n6,061\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n681\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n105\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Total current assets<\/b><\/p>\n<\/td>\n 987,074<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 939,909<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 145,574<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Non-current assets:<\/b><\/p>\n<\/td>\n \nProperty, equipment and software, net\n<\/p>\n<\/td>\n \n10,780\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n10,375\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,607\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nIntangible assets, net\n<\/p>\n<\/td>\n \n426,005\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n355,150\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n55,006\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nGoodwill\n<\/p>\n<\/td>\n \n186,504\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n186,504\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n28,886\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nInvestments\n<\/p>\n<\/td>\n \n66,382\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n73,284\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n11,350\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nOther non-current assets\n<\/p>\n<\/td>\n \n163,111\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n163,618\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n25,341\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Total non-current assets<\/b><\/p>\n<\/td>\n 852,782<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 788,931<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 122,190<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Total assets<\/b><\/p>\n<\/td>\n 1,839,856<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 1,728,840<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 267,764<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n LIABILITIES AND SHAREHOLDERS\u2019 EQUITY<\/b><\/p>\n<\/td>\n Current liabilities:<\/b><\/p>\n<\/td>\n \nAccounts payable\n<\/p>\n<\/td>\n \n19,938\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n18,574\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,877\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nSalaries and welfare payable\n<\/p>\n<\/td>\n \n4,349\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n9,375\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,452\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nAdvances from customers\n<\/p>\n<\/td>\n \n77\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n90\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n14\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nTaxes payable\n<\/p>\n<\/td>\n \n1,558\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,425\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n221\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nAmounts due to related parties\n<\/p>\n<\/td>\n \n6,234\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n5,704\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n883\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nAccruals and other current liabilities\n<\/p>\n<\/td>\n \n333,127\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n329,239\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n50,992\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Total current liabilities<\/b><\/p>\n<\/td>\n 365,283<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 364,407<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 56,439<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Non-current liabilities:<\/b><\/p>\n<\/td>\n \nDeferred tax liabilities\n<\/p>\n<\/td>\n \n17,526\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n16,366\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,535\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nOther non-current liabilities\n<\/p>\n<\/td>\n \n2,151\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,812\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n281\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Total non-current liabilities<\/b><\/p>\n<\/td>\n 19,677<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 18,178<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2,816<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Total liabilities<\/b><\/p>\n<\/td>\n 384,960<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 382,585<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 59,255<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Shareholders\u2019 equity<\/b><\/p>\n<\/td>\n \nOrdinary shares\n<\/p>\n<\/td>\n \n181\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n181\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n28\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nTreasury stock\n<\/p>\n<\/td>\n \n(126,424\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(134,009\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(20,755\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \nStatutory reserves\n<\/p>\n<\/td>\n \n3,331\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n3,331\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n516\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nAdditional paid-in capital\n<\/p>\n<\/td>\n \n9,458,643\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n9,465,348\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,465,996\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nAccumulated other comprehensive income\n<\/p>\n<\/td>\n \n97,145\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n84,881\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n13,146\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nAccumulated deficit\n<\/p>\n<\/td>\n \n(7,977,980\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(8,073,477\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(1,250,422\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \nTotal MOGU Inc. shareholders\u2019 equity\n<\/p>\n<\/td>\n \n1,454,896\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,346,255\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n208,509\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Total shareholders\u2019 equity<\/b><\/p>\n<\/td>\n 1,454,896<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 1,346,255<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 208,509<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Total liabilities and shareholders\u2019 equity<\/b><\/p>\n<\/td>\n 1,839,856<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 1,728,840<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 267,764<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n MOGU INC.<\/b><\/p>\n<\/td>\n<\/tr>\n Unaudited Interim Condensed Consolidated Statements of Operations and Comprehensive Loss<\/b><\/p>\n<\/td>\n<\/tr>\n (All amounts in thousands, except for share and per share data)<\/b><\/p>\n<\/td>\n<\/tr>\n For the three months ended<\/b><\/p>\n<\/td>\n<\/tr>\n June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n 2020<\/b><\/p>\n<\/td>\n 2021<\/b><\/p>\n<\/td>\n<\/tr>\n RMB<\/b><\/p>\n<\/td>\n RMB<\/b><\/p>\n<\/td>\n US$<\/b><\/p>\n<\/td>\n<\/tr>\n Net revenues<\/b><\/p>\n<\/td>\n \nCommission revenues\n<\/p>\n<\/td>\n \n85,309\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n65,107\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n10,084\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nMarketing services revenues\n<\/p>\n<\/td>\n \n23,992\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n8,647\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,339\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nFinancing solutions revenues\n<\/p>\n<\/td>\n \n11,950\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n11,340\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,756\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nOther revenues\n<\/p>\n<\/td>\n \n11,204\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n6,874\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,065\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Total revenues<\/b><\/p>\n<\/td>\n 132,455<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 91,968<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 14,244<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nCost of revenues (exclusive of amortization of intangible assets shown \n(48,797\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(43,457\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(6,731\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \nSales and marketing expenses\n<\/p>\n<\/td>\n \n(61,904\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(44,018\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(6,818\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \nResearch and development expenses\n<\/p>\n<\/td>\n \n(28,998\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(21,801\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(3,377\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \nGeneral and administrative expenses\n<\/p>\n<\/td>\n \n(23,527\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(23,208\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(3,594\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \nAmortization of intangible assets\n<\/p>\n<\/td>\n \n(70,478\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(64,680\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(10,018\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \nOther income, net\n<\/p>\n<\/td>\n \n6,327\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n7,187\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,113\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Loss from operations<\/b><\/p>\n<\/td>\n (94,922<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (98,009<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (15,181<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n \nInterest income\n<\/p>\n<\/td>\n \n4,764\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n3,304\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n512\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nLoss from investments, net\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,003\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(155\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n Loss before income tax <\/b><\/p>\n<\/td>\n (90,158<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (95,708<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (14,824<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n \nIncome tax benefits\n<\/p>\n<\/td>\n \n1,247\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n211\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n33\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Net loss<\/b><\/p>\n<\/td>\n (88,911<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (95,497<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (14,791<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n Net loss attributable to MOGU Inc\u2019s ordinary shareholders<\/b><\/p>\n<\/td>\n (88,911<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (95,497<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (14,791<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n Net loss<\/b><\/p>\n<\/td>\n (88,911<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (95,497<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (14,791<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n Other comprehensive loss:<\/b><\/p>\n<\/td>\n \nForeign currency translation adjustments, net of nil tax\n<\/p>\n<\/td>\n \n(859\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(12,264\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(1,899\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n Total comprehensive loss<\/b><\/p>\n<\/td>\n (89,770<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (107,761<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (16,690<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n Net loss attributable to MOGU Inc’s ordinary shareholders<\/b><\/p>\n<\/td>\n (88,911<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (95,497<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (14,791<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n Net loss per share attributable to ordinary shareholders<\/b><\/p>\n<\/td>\n \nBasic\n<\/p>\n<\/td>\n \n(0.03\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(0.04\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(0.01\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \nDiluted\n<\/p>\n<\/td>\n \n(0.03\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(0.04\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(0.01\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n Net loss per ADS<\/b><\/p>\n<\/td>\n \nBasic\n<\/p>\n<\/td>\n \n(0.81\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(1.00\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(0.15\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \nDiluted\n<\/p>\n<\/td>\n \n(0.81\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(1.00\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(0.15\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n Weighted average number of shares used in computing net loss per share<\/b><\/p>\n<\/td>\n \nBasic\n<\/p>\n<\/td>\n \n2,728,564,089\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,528,531,290\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,528,531,290\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nDiluted\n<\/p>\n<\/td>\n \n2,728,564,089\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,528,531,290\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,528,531,290\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Share-based compensation expenses included in:<\/b><\/p>\n<\/td>\n \nCost of revenues\n<\/p>\n<\/td>\n \n520\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n621\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n96\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nGeneral and administrative expenses\n<\/p>\n<\/td>\n \n2,925\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n3,694\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n572\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nSales and marketing expenses\n<\/p>\n<\/td>\n \n1,330\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,379\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n214\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nResearch and development expenses\n<\/p>\n<\/td>\n \n428\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,011\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n157\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n5,203\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n6,705\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,039\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n MOGU INC.<\/b><\/p>\n<\/td>\n<\/tr>\n Unaudited Interim Condensed Consolidated Statements of Cash Flows<\/b><\/p>\n<\/td>\n<\/tr>\n (All amounts in thousands, except for share and per share data)<\/b><\/p>\n<\/td>\n<\/tr>\n For the three months ended<\/b><\/p>\n<\/td>\n<\/tr>\n June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n 2020<\/b><\/p>\n<\/td>\n 2021<\/b><\/p>\n<\/td>\n<\/tr>\n RMB <\/b><\/p>\n<\/td>\n RMB <\/b><\/p>\n<\/td>\n \n\u3000\n<\/p>\n<\/td>\n US$ <\/b><\/p>\n<\/td>\n<\/tr>\n Net cash used in operating activities<\/b><\/p>\n<\/td>\n \n(8,599\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(11,391\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(1,764\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n Net cash (used in)\/provided by investing activities<\/b><\/p>\n<\/td>\n \n(14,214\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n82,118\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n12,718\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Net cash used in financing activities<\/b><\/p>\n<\/td>\n \n(5,536\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(7,585\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(1,175\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \nEffect of foreign exchange rate changes on cash and cash equivalents \n(275\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(2,871\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(444\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \nNet (decrease)\/increase in cash and cash equivalents and restricted \n(28,624\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n60,271\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n9,335\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nCash and cash equivalents and restricted cash at beginning of period\n<\/p>\n<\/td>\n \n857,374\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n542,884\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n84,082\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nCash and cash equivalents and restricted cash at end of period\n<\/p>\n<\/td>\n \n828,750\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n603,155\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n93,417\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n MOGU INC.<\/b><\/p>\n<\/td>\n<\/tr>\n Reconciliations of GAAP and Non\u00ad-GAAP Results<\/b><\/p>\n<\/td>\n<\/tr>\n (All amounts in thousands, except for share and per share data)<\/b><\/p>\n<\/td>\n<\/tr>\n For the three months<\/b><\/p>\n<\/td>\n<\/tr>\n ended June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n 2020<\/b><\/p>\n<\/td>\n 2021<\/b><\/p>\n<\/td>\n<\/tr>\n RMB <\/b><\/p>\n<\/td>\n RMB <\/b>\u3000\n<\/p>\n<\/td>\n US$ <\/b><\/p>\n<\/td>\n<\/tr>\n Net loss<\/b><\/p>\n<\/td>\n (88,911<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (95,497<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (14,791<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n \nAdd:\n<\/p>\n<\/td>\n \nLoss from investments, net\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,003\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n155\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nLess:\n<\/p>\n<\/td>\n \nIncome tax benefits\n<\/p>\n<\/td>\n \n(1,247\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(211\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(33\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \nLess:\n<\/p>\n<\/td>\n \nInterest income\n<\/p>\n<\/td>\n \n(4,764\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(3,304\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(512\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n Loss from operations<\/b><\/p>\n<\/td>\n (94,922<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (98,009<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (15,181<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nAdd:\n<\/p>\n<\/td>\n \nShare-based compensation expenses\n<\/p>\n<\/td>\n \n5,203\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n6,705\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,039\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nAdd:\n<\/p>\n<\/td>\n \nAmortization of intangible assets\n<\/p>\n<\/td>\n \n70,478\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n64,680\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n10,018\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nAdd:\n<\/p>\n<\/td>\n \nDepreciation of property and equipment\n<\/p>\n<\/td>\n \n1,815\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,470\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n228\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Adjusted EBITDA<\/b><\/p>\n<\/td>\n (17,426<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (25,154<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (3,896<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n Net loss<\/b><\/p>\n<\/td>\n (88,911<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (95,497<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (14,791<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n \nAdd:\n<\/p>\n<\/td>\n \nLoss from investments, net\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,003\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n155\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nAdd:\n<\/p>\n<\/td>\n \nShare-based compensation\n<\/p>\n<\/td>\n \n5,203\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n6,705\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,039\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nAdd:\n<\/p>\n<\/td>\n \nAmortization of intangible assets\n<\/p>\n<\/td>\n \n70,478\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n64,680\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n10,018\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nLess:\n<\/p>\n<\/td>\n \nAdjusted for tax effects\n<\/p>\n<\/td>\n \n(1,161\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(1,161\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(180\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n Adjusted net loss<\/b><\/p>\n<\/td>\n (14,391<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (24,270<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (3,759<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n 1<\/sup> The U.S. dollar (US$) amounts disclosed in this press release, except for those transaction amounts that were actually settled in U.S. dollars, are presented solely for the convenience of the readers. The conversion of Renminbi (RMB) into US$ in this press release is based on the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of June 30, 2021, which was RMB6.4566 to US$1.00. The percentages stated in this press release are calculated based on the RMB amounts. View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210827005084\/en\/<\/a><\/span><\/p>\n For investor and media inquiries: <\/b><\/p>\n MOGU Inc. <\/b><\/p>\n \nMs. Qi Feng Christensen<\/b><\/p>\n \nIn China\n
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\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n
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separately below)\n<\/p>\n<\/td>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
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and restricted cash\n<\/p>\n<\/td>\n\n \n \n \n \n \n \n \n \n \n
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cash\u3000\n<\/p>\n<\/td>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
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2<\/sup> GMV refers to the total value of orders placed on the MOGU platform regardless of whether the products are sold, delivered or returned, calculated based on the listed prices of the ordered products without taking into consideration any discounts on the listed prices. Buyers on the MOGU platform are not charged for separate shipping fees over the listed price of a product. If merchants include certain shipping fees in the listed price of a product, such shipping fees will be included in GMV. As a prudent matter aiming at eliminating any influence on MOGU\u2019s GMV of irregular transactions, the Company excludes from its calculation of GMV transactions over a certain amount (RMB100,000) and transactions by users over a certain amount (RMB1,000,000) per day.
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3<\/sup> Adjusted EBITDA represents net loss before (i) interest income, loss from investments, net, income tax benefits and (ii) certain non-cash expenses, consisting of share-based compensation expenses, amortization of intangible assets, and depreciation of property and equipment. See \u201cUnaudited Reconciliations of GAAP and Non\u00adGAAP Results\u201d at the end of this press release.
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4<\/sup> Adjusted net loss represents net loss excluding (i) loss from investments, net, (ii) share-based compensation expenses, (iii) amortization of intangible assets, (iv) adjustments for tax effects. See \u201cUnaudited Reconciliations of GAAP and Non\u00adGAAP Results\u201d at the end of this press release.\n<\/p>\n<\/p>\n
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Phone: +86-571-8530-8201
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E-mail: ir@mogu.com<\/a><\/p>\n
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Mr. Eric Yuan
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Phone: +86-10-5900-1548
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E-mail: eyuan@christensenir.com<\/a><\/p>\n