Phoenix Tree Holdings Limited Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2019; Provides Earnings Guidance for the First Quarter of 2020
For the year, the company reported revenue was RMB 7,129,088,000 compared with RMB 2,675,031,000 a year ago. Operating loss was RMB 3,150,802,000 compared with RMB 1,221,322,000 a year ago. Net loss was RMB 3,437,212,000 compared with RMB 1,369,749,000 a year ago. Basic and diluted loss per share were RMB 15.05 compared with RMB 7.95 a year ago.
For the first quarter of 2020, the company expected revenues for the first quarter of 2020 to be between RMB 1,900 million and RMB 2,000 million. This forecast reflects the company's current and preliminary views, which is subject to change and substantial uncertainties, particularly in view of the potential impact of the novel coronavirus outbreak, the effects of which are difficult to analyze and predict.