MOGU Inc 6-K, filed Nov 22, 2024

MOGU Inc. (MOGU)

6-K 2024-11-22 For: 2024-09-30

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Added on April 09, 2026

About this 6-K

MOGU Inc filed this 6-K on November 22, 2024.

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MOGU Inc.

By:	/s/ Qi Chen
Name:	Qi Chen
Title:	Chairman


	As of March 31,			September 30,
	2024			2024
	RMB			RMB			US$
ASSETS
Current assets:
Cash and cash equivalents		358,787			84,356			12,021
Restricted cash		511			511			73
Short-term investments		61,312			271,525			38,692
Inventories, net		98			67			10
Loan receivables, net		31,564			28,759			4,098
Prepayments, receivables and other current assets		54,956			95,562			13,617
Amounts due from related parties		587			331			47
Total current assets		507,815			481,111			68,558
Non-current assets:
Property and equipment, net		299,741			299,996			42,749
Intangible assets, net		949			871			124
Right-of-use assets		2,576			1,650			235
Investments		81,808			54,058			7,703
Other non-current assets		45,473			49,411			7,041
Total non-current assets		430,547			405,986			57,852
Total assets		938,362			887,097			126,410
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable		6,862			3,567			508
Salaries and welfare payable		6,936			5,254			749
Advances from customers		207			627			89
Taxes payable		1,285			2,436			347
Amounts due to related parties		5,341			4,490			640
Current portion of lease liabilities		1,888			374			53
Accruals and other current liabilities		299,317			295,641			42,129
Total current liabilities		321,836			312,389			44,515
Non-current liabilities:
Non-current lease liabilities		773			386			55
Deferred tax liabilities		1,299			—			—
Total non-current liabilities		2,072			386			55
Total liabilities		323,908			312,775			44,570
Shareholders’ equity
Ordinary shares		181			181			26
Treasury stock		(137,446	)		(138,269	)		(19,703	)
Statutory reserves		3,331			3,331			475
Additional paid-in capital		9,489,254			9,489,994			1,352,313
Accumulated other comprehensive income		89,567			72,084			10,272
Accumulated deficit		(8,856,494	)		(8,880,623	)		(1,265,479	)
Total MOGU Inc. shareholders’ equity		588,393			546,698			77,904
Non-controlling interests		26,061			27,624			3,936
Total shareholders’ equity		614,454			574,322			81,840
Total liabilities and shareholders’ equity		938,362			887,097			126,410


	For the six months ended
	September 30,
	2023			2024
	RMB			RMB			US$
Net revenues
Commission revenues		55,619			35,275			5,027
Marketing services revenues		746			63			9
Financing solutions revenues		5,403			3,827			545
Technology services revenues		18,388			20,734			2,955
Other revenues		3,146			1,954			278
Total revenues		83,302			61,853			8,814
Cost of revenues (exclusive of amortization of intangible assets shown separately below)		(49,602	)		(39,560	)		(5,637	)
Sales and marketing expenses		(37,274	)		(26,362	)		(3,757	)
Research and development expenses		(13,879	)		(12,332	)		(1,757	)
General and administrative expenses		(27,914	)		(27,143	)		(3,868	)
Amortization of intangible assets		(1,826	)		(75	)		(11	)
Impairment of intangible assets		(9,945	)		—			—
Other income, net		5,059			2,172			310
Loss from operations		(52,079	)		(41,447	)		(5,906	)
Interest income		7,142			3,120			445
Gain from investments, net		1,267			16,468			2,347
Loss before income tax and share of results of equity investees		(43,670	)		(21,859	)		(3,114	)
Income tax benefits/(expenses)		1,662			(7	)		(1	)
Share of results of equity method investees		(504	)		(700	)		(100	)
Net loss		(42,512	)		(22,566	)		(3,215	)
Net (loss)/gain attributable to non-controlling interests		(7,105	)		1,563			223
Net loss attributable to MOGU Inc.		(35,407	)		(24,129	)		(3,438	)
Net loss		(42,512	)		(22,566	)		(3,215	)
Other comprehensive income/(loss):
Foreign currency translation adjustments, net of nil tax		4,970			(1,231	)		(175	)
Unrealized securities holding gains/(losses), net of tax		1,702			(16,252	)		(2,316	)
Total comprehensive loss		(35,840	)		(40,049	)		(5,706	)
Total comprehensive (loss)/gain attributable to non-controlling interests		(7,105	)		1,563			223
Total comprehensive loss attributable to MOGU Inc.		(28,735	)		(41,612	)		(5,929	)
Net loss per share attributable to ordinary shareholders
Basic		(0.01	)		(0.01	)		(0.00	)
Diluted		(0.01	)		(0.01	)		(0.00	)
Net loss per ADS
Basic		(4.11	)		(2.76	)		(0.39	)
Diluted		(4.11	)		(2.76	)		(0.39	)
Weighted average number of shares used in computing net loss per share
Basic		2,581,758,960			2,620,311,457			2,620,311,457
Diluted		2,581,758,960			2,620,311,457			2,620,311,457
Share-based compensation expenses included in:
Cost of revenues		415			34			5
General and administrative expenses		1,763			604			86
Sales and marketing expenses		419			14			2
Research and development expenses		192			88			13


	For the six months ended
	September 30,
	2023			2024
	RMB			RMB			US$
Net cash used in operating activities		(32,907	)		(28,953	)		(4,126	)
Net cash used in investing activities		(20,779	)		(244,012	)		(34,771	)
Net cash used in financing activities		—			(822	)		(117	)
Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash		3,336			(644	)		(92	)
Net decrease in cash and cash equivalents and restricted cash		(50,350	)		(274,431	)		(39,106	)
Cash and cash equivalents and restricted cash at beginning of period		417,011			359,298			51,200
Cash and cash equivalents and restricted cash at end of period		366,661			84,867			12,094


		For the six months ended
		September 30,
		2023			2024
		RMB			RMB			US$
	Net loss		(42,512	)		(22,566	)		(3,215	)
Less:	Income tax (benefits)/expenses		(1,662	)		7			1
Less:	Interest income		(7,142	)		(3,120	)		(445	)
Add:	Amortization of intangible assets		1,826			75			11
Add:	Depreciation of property and equipment		3,529			5,636			803
	EBITDA		(45,961	)		(19,968	)		(2,845	)
Add:	Impairment of intangible assets		9,945			—			—
Add:	Share-based compensation expenses		2,789			740			106
Add:	Share of result of equity method investees		504			700			100
Less:	Gain from investments, net		(1,267	)		(16,468	)		(2,347	)
	Adjusted EBITDA		(33,990	)		(34,996	)		(4,986	)
	Net loss		(42,512	)		(22,566	)		(3,215	)
Add:	Gain from investments, net		(1,267	)		(16,468	)		(2,347	)
Add:	Share-based compensation expenses		2,789			740			106
Add:	Impairment of intangible assets		9,945			—			—
Less:	Adjusted for tax effects		(1,755	)		—			—
	Adjusted net loss		(32,800	)		(38,294	)		(5,456	)