Ruhnn Holding Limited reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2019. For the quarter, the company reported total net revenue of RMB 482,090,000 compared to RMB 385,289,000 a year ago. Income from operations was RMB 8,919,000 compared to RMB 14,599,000 a year ago. Net income was RMB 10,530,000 or RMB 0.03 per basic share compared to RMB 10,027,000 or RMB 0.05 per basic share a year ago.

For the nine months, the company reported total net revenue of RMB 1,067,601,000 compared to RMB 856,181,000 a year ago. Loss from operations was RMB 83,362,000 compared to RMB 47,459,000 a year ago. Net loss was RMB 69,473,000 or RMB 0.16 per basic share compared to RMB 57,503,000 or RMB 0.14 per basic share a year ago.

The company reiterated its outlook for the full fiscal year 2020. The company currently expects, for the full fiscal year 2020, net revenue from product sales through the full-service model to be between RMB 980.0 million and RMB 1,130.0 million, and net revenue from services through the platform model to be between RMB 280.0 million and RMB 380.0 million, representing a year-over-year growth between 4% and 20%, and between 86% and 152%, respectively.