GUANGZHOU, China, Nov. 24, 2021 /PRNewswire/ — Viomi Technology Co., Ltd (“Viomi” or the “Company”) (NASDAQ: VIOT), a number one IoT @ Home know-how firm in China, at the moment introduced its unaudited monetary outcomes for the third quarter ended September 30, 2021.Third Quarter 2021 Financial and Operating HighlightsNet revenues reached RMB1,056.5 million (US$164.0 million), in comparison with RMB1,486.7 million for the third quarter of 2020.Gross margin was 22.7%, in comparison with 17.1% for the third quarter of 2020.Number of cumulative family customers reached roughly 6.3 million, in comparison with roughly 5.9 million as of the tip of the second quarter of 2021 and roughly 4.6 million as of the tip of the third quarter of 2020.Percentage of family customers with no less than two linked merchandise reached 21.1%, in comparison with 20.7% as of the tip of the second quarter of 2021 and 19.5% as of the tip of the third quarter of 2020.”During the third quarter, we additional enhanced our one-stop IoT residence options platform to appreciate AI-driven IoT residence situations. We additionally continued to optimize our product portfolio and execute our ‘trending know-how’ model advertising and ‘bigger retailer, higher service provider’ channel technique. Moreover, we elevated our funding in R&D and expanded our AI, algorithms and {hardware} analysis and growth groups to speed up AI product innovation and know-how accumulation, which considerably elevated our R&D bills. To improve model consciousness, we additionally invested in extra promoting and advertising sources within the third quarter. Due to the substantial improve in R&D and advertising bills, our backside line declined briefly whereas our technique adjustment and useful resource funding as soon as once more generated gross margin restoration, elevated model recognition and extra diversified, balanced gross sales channels outfitted to deal with gross sales and repair of our good residence merchandise. Our total enterprise is growing in a high-quality, wholesome route,” stated Mr. Xiaoping Chen, Founder, Chairman of the Board of Directors and Chief Executive Officer of Viomi.”With respect to product growth, we now have developed our product technique from three views: (i) we elevated our funding in R&D in addition to know-how innovation and AI software, enhancing our model affect via product optimization; (ii) we offer customers with personalized bundle buy options relatively than solely promoting particular person merchandise; (iii) we deal with situation innovation and can full our good residence class to supply a extra complete good residence expertise. We launched a collection of latest AI merchandise within the first half of 2021, together with the all-direction air conditioner, premium sweeper robotic Alpha 2 Plus, EyeBot vary rood, and 800G-1200G Super collection large-flux water purifiers. We additionally launched the Cyber collection of our good moist/dry vacuums in September. All of those merchandise demonstrated robust gross sales efficiency within the third quarter, driving continued gross margin restoration. Furthermore, we launched new SKUs within the good residence class, reminiscent of EyeLink 2T good lock with AI face recognition know-how. We will roll out thrilling new product traces within the coming quarters, together with good residence, good kitchen, water air purifier, and cleanliness merchandise, amongst others.””Second, to boost our branding affect, we invited considered one of China’s high celebrities, Deng Lun, to grow to be our international branding spokesperson and established our ‘trending know-how’ model positioning. In the second half of this 12 months, we broadened our omni-channel advertising and promoting actions together with elevator ads, print media, tv and social media. Our model’s search frequency on main engines like google has climbed and our inside knowledge reveals a rise in post-90s customers and customers from new tier-one and tier-two cities over the previous few months.””Third, we elevated our publicity and gross sales on new content material channels reminiscent of Pinduoduo, Douyin and Kuaishou. We have constructed an unique workforce for these new gross sales channels to spice up visitors and entice extra younger shoppers, and our short-form video advertising and KOL livestreaming has enhanced model consciousness and contributed to a rise in gross sales. The income contribution from these new channels has elevated previously few months as properly.””With respect to our offline channels, we continued to execute our ‘bigger retailer, higher service provider’ technique to supply our customers with ‘one-stop good residence’ options, integrating bundle purchases, scenario-based procuring expertise and set up and after-sale providers. These efforts have additionally strengthened our ‘trending know-how’ model positioning. In the second half, we accelerated our nationwide 4s and 5s retailer portfolio growth and can open extra large-scale Viomi expertise shops nationwide,” added Mr. Chen.”We are additionally growing our abroad enterprise by upgrading channels, diversifying our operation mannequin and increasing product classes. We just lately cooperated with famend brokers in Germany, Russia, Malaysia and Northern Europe to rework our abroad channels from small distributors into high-quality worldwide gross sales brokers. We plan to optimize our abroad enterprise operation by leveraging their native sources, status and import gross sales expertise. Following the profitable opening of our first self-operated retailer on U.S. Amazon, we’re getting ready to launch our on-line retailer on European Amazon and can introduce sweeper robotic merchandise within the close to future. Going ahead, we’ll develop our international enterprise into extra international locations and areas to seize the cleanliness product sector’s great progress alternatives.””We have accomplished step one in establishing our one-stop IoT residence options platform by constructing complete product traces throughout residence situations and can now flip our focus to product smartification upgrades and situation software innovation. Looking forward to the following 12 months, we’ll proceed to refine our product portfolio and additional stabilize our gross margin restoration. We may even improve our funding in AI software and know-how innovation, improve our ‘trending know-how’ branding and enhance our total enterprise operation high quality, creating long-term worth and returns for our customers and shareholders,” Mr. Chen concluded.Third Quarter 2021 Financial ResultsREVENUENet revenues have been RMB1,056.5 million (US$164.0 million), in comparison with RMB1,486.7 million for the third quarter of 2020. Net revenues have been consistent with the Company’s earlier steering and the lower was primarily as a result of important lower in gross sales of Xiaomi-branded sweeper robots, in addition to product portfolio changes for margin growth in different classes.- IoT @ Home portfolio. Revenues from IoT @ Home portfolio decreased by 39.3% to RMB643.5 million (US$99.9 million) from RMB1,060.2 million for the third quarter of 2020. The decline was primarily as a result of (i) the lower in gross sales of Xiaomi-branded sweeper robots; (ii) product portfolio changes for margin growth in some classes.- Home water options. Revenues from residence water options elevated by 7.9% to RMB157.0 million (US$24.4 million) from RMB145.4 million for the third quarter of 2020. The progress was primarily pushed by the Company’s product portfolio adjustment on this class, which contributed to elevated gross sales of and demand for brand spanking new and bigger flux water purifiers in addition to a gross margin growth.- Consumables. Revenues from consumables elevated by 11.7% to RMB79.6 million (US$12.4 million) from RMB71.3 million for the third quarter of 2020, primarily as a result of elevated demand for the Company’s water air purifier filter merchandise.- Small home equipment and others. Revenues from small home equipment and others decreased by 15.9% to RMB176.5 million (US$27.4 million) from RMB209.9 million for the third quarter of 2020, primarily as a result of Company’s continued product portfolio optimization to acquire the next gross margin on this class.GROSS PROFITGross revenue was RMB239.7 million (US$37.2 million), in comparison with RMB254.3 million for the third quarter of 2020. Gross margin elevated to 22.7% from 17.1% for the third quarter of 2020, primarily pushed by the Company’s continued efforts to shift the enterprise and product combine towards greater gross margin merchandise.OPERATING EXPENSESTotal working bills elevated by 28.2% to RMB290.3 million (US$45.1 million) from RMB226.4 million for the third quarter of 2020, primarily as a result of improve in analysis and growth bills and promoting and advertising bills.Research and growth bills elevated by 56.1% to RMB82.2 million (US$12.8 million) from RMB52.7 million for the third quarter of 2020, primarily as a result of improve in analysis and growth consultants and associated salaries and bills, in addition to elevated funding in analysis and growth of latest merchandise.Selling and advertising bills elevated by 20.4% to RMB183.4 million (US$28.5 million) from RMB152.2 million for the third quarter of 2020, primarily attributable to a rise in promoting and advertising actions to boost the Company’s branding and market recognition.General and administrative bills elevated by 15.2% to RMB24.7 million (US$3.8 million), in comparison with RMB21.4 million for the third quarter of 2020, primarily as a result of a rise within the estimated allowance for accounts and notes receivables, along with elevated lease bills as a result of office growth.INCOME (LOSS) FROM OPERATIONSLoss from operations was RMB38.7 million (US$6.0 million), in comparison with revenue from operations of RMB36.4 million for the third quarter of 2020. The loss was primarily as a result of will increase in R&D bills and S&M bills.Non-GAAP working loss[1], which excludes the affect of share-based compensation bills, was RMB31.6 million (US$4.9 million), in comparison with non-GAAP revenue from operations of RMB58.9 million for the third quarter of 2020.[1] “Non-GAAP working revenue (loss)” is outlined as revenue (loss) from operation excluding share-based compensation bills. See “Use ofNon-GAAP Measures” and “Reconciliation of GAAP and Non-GAAP Results” included elsewhere on this press launch.NET INCOME (LOSS)Net loss attributable to unusual shareholders of the Company was RMB29.3 million (US$4.5 million), in comparison with internet revenue attributable to unusual shareholders of the Company of RMB34.9 million for the third quarter of 2020.Non-GAAP internet loss attributable to unusual shareholders of the Company[2] was RMB22.2 million (US$3.4 million), in comparison with non-GAAP internet revenue attributable to unusual shareholders of the Company of RMB57.4 million for the third quarter of 2020.[2] “Non-GAAP internet revenue (loss) attributable to unusual shareholders of the Company” is outlined as internet revenue (loss) attributable to unusual shareholders of the Company excluding share-based compensation bills. See “Use of Non-GAAP Measures” and “Reconciliation of GAAP and Non-GAAP Results” included elsewhere on this press launch.BALANCE SHEETAs of September 30, 2021, the Company had money and money equivalents of RMB771.7 million (US$119.8 million), restricted money of RMB25.6 million (US$4.0 million), short-term deposits of RMB67.0 million (US$10.4 million) and short-term investments of RMB463.5 million (US$71.9 million), in comparison with RMB504.1million, RMB70.6 million, nil and RMB696.1 million, respectively, as of December 31, 2020.OUTLOOKFor the fourth quarter of 2021, the Company at the moment expects:- Net revenues to be between RMB1.2 billion and RMB1.3 billion.The Company expects the gross sales of Xiaomi-branded sweeper robots proceed to lower within the fourth quarter and the own-branded sweeper robotic enterprise to realize quicker progress, which is able to grow to be one of many principal classes.The above outlook relies on the present market situations and displays the Company’s present and preliminary estimates of market and working situations and buyer demand, all of that are topic to vary.Conference NameThe Company’s administration will host a convention name at 7:30 a.m. Eastern Time on Wednesday, November 24, 2021 (8:30 p.m. Beijing/Hong Kong time on November 24, 2021) to debate monetary outcomes and reply questions from buyers and analysts. Listeners could entry the decision by dialing:United States (toll free): +1 888-346-8982International: +1 412-902-4272Hong Kong (toll free): 800-905-945Hong Kong +852 3018-4992Mainland China (toll free): 400-120-1203Conference ID: 10161880A phone replay will probably be out there two hours after the decision till December 1, 2021 by dialing:United States: +1 877-344-7529International: +1 412-317-0088Replay Access Code: 10161880Additionally, a stay and archived webcast of the convention name will probably be out there at http://ir.viomi.com.About Viomi TechnologyViomi’s mission is to redefine the longer term residence through the idea of IoT @ Home.Viomi has developed a novel IoT @ Home platform consisting an ecosystem of modern IoT-enabled good residence merchandise, along with a collection of complementary consumable merchandise and value-added companies. This platform gives a beautiful entry level into the patron residence, enabling shoppers to intelligently work together with a broad portfolio of IoT merchandise in an intuitive and human-like method to make each day life extra handy, environment friendly and gratifying, whereas permitting Viomi to develop its family consumer base and seize varied extra scenario-driven consumption occasions within the residence surroundings.For extra data, please go to: http://ir.viomi.com.Use of Non-GAAP MeasuresThe Company makes use of non-GAAP working revenue (loss), non-GAAP internet revenue (loss), non-GAAP internet revenue (loss) attributable to the Company, non-GAAP internet revenue (loss) attributable to unusual shareholders, non-GAAP fundamental and diluted internet revenue (loss) per unusual share and non-GAAP fundamental and diluted internet revenue (loss) per American depositary share (“ADS”), that are non-GAAP monetary measures, in evaluating its working outcomes and for monetary and operational decision-making functions. Non-GAAP working revenue (loss) is revenue (loss) from operations excluding share-based compensation bills. Non-GAAP internet revenue (loss) is internet revenue (loss) excluding share-based compensation bills. Non-GAAP internet revenue (loss) attributable to the Company is internet revenue (loss) attributable to the Company excluding share-based compensation bills. Non-GAAP internet revenue (loss) attributable to unusual shareholders is internet revenue (loss) attributable to unusual shareholders excluding share-based compensation bills. Non-GAAP fundamental and diluted internet revenue (loss) per unusual share is non-GAAP internet revenue (loss) attributable to unusual shareholders divided by weighted common variety of unusual shares used within the calculation of non-GAAP fundamental and diluted internet revenue (loss) per unusual share. Non-GAAP fundamental and diluted internet revenue (loss) per ADS is non-GAAP internet revenue (loss) attributable to unusual shareholders divided by weighted common variety of ADS used within the calculation of non-GAAP fundamental and diluted internet revenue (loss) per ADS. The non-GAAP changes don’t have any tax affect as share-based compensation bills are non-deductible for revenue tax goal.The Company believes that non-GAAP monetary measures assist determine underlying tendencies in its enterprise by excluding the affect of share-based compensation bills, that are non-cash prices, and these measures present helpful details about the Company’s working outcomes, improve the general understanding of the Company’s previous efficiency and future prospects and permit for higher visibility with respect to key metrics utilized by the Company’s administration in its monetary and operational decision-making.Non-GAAP monetary measures shouldn’t be thought of in isolation or construed as various to revenue (loss) from operations, internet revenue (loss), or another measure of efficiency or as an indicator of the Company’s working efficiency. Investors are inspired to evaluation the historic non-GAAP monetary measures to probably the most immediately comparable GAAP measures. Non-GAAP monetary measures offered right here is probably not similar to equally titled measures offered by different firms. Other firms could calculate equally titled measures in a different way, limiting their usefulness as comparative measures to the Company’s knowledge. We encourage buyers and others to evaluation its monetary data in its entirety and never depend on a single monetary measure. Reconciliations of the Company’s non-GAAP monetary measures to probably the most immediately comparable GAAP measures are included on the finish of this press launch.Exchange FeeThe Company’s enterprise is primarily performed in China and the numerous majority of revenues generated are denominated in Renminbi (“RMB”). This announcement incorporates forex conversions of RMB quantities into U.S. {dollars} (“US$”) solely for the comfort of the reader. Unless in any other case famous, all translations from RMB to US$ are made at a fee of RMB6.4434 to US$1.00, the efficient midday shopping for fee for September 30, 2021 as set forth within the H.10 statistical launch of the Federal Reserve Board. No illustration is made that the RMB quantities may have been, or may very well be, transformed, realized or settled into US$ at that fee on for September 30, 2021, or at another fee.Safe Harbor AssertionThis announcement incorporates forward-looking statements. These statements are made beneath the “protected harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements might be recognized by terminology reminiscent of “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “assured” and related statements. Among different issues, the enterprise outlook and quotations from administration on this announcement, in addition to Viomi’s strategic and operational plans, include forward-looking statements. Viomi might also make written or oral forward-looking statements in its periodic experiences to the United States Securities and Exchange Commission (the “SEC”), in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or staff to Fourth events. Statements that aren’t historic information, together with statements concerning the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements contain inherent dangers and uncertainties. A variety of elements may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: the Company’s progress methods; the cooperation with Xiaomi, the popularity of the Company’s model; tendencies and competitors in international IoT-enabled good residence market; growth and commercialization of latest merchandise, providers and applied sciences; governmental insurance policies and related regulatory surroundings regarding the Company’s business and/or elements of the enterprise operations and common financial situations in China and across the globe, and assumptions underlying or associated to any of the foregoing. Further data relating to these and different dangers is included within the Company’s filings with the SEC. All data offered on this press launch and within the attachments is as of the date of this press launch, and the Company undertakes no obligation to replace any forward-looking assertion, besides as required beneath relevant regulation.For investor and media inquiries, please contact:In China:Viomi Technology Co., LtdCecilia LiE-mail: [email protected] Piacente Group, Inc.Emilie WuTel: +86-21-6039-8363E-mail: [email protected] the United States:The Piacente Group, Inc. Brandi PiacenteTel: +1-212-481-2050E-mail: [email protected] VIOMI TECHNOLOGY CO., LTDUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(All quantities in 1000’s, besides shares, ADS, per share and per ADS knowledge)As of December 31,As of September 30,202020212021RMBRMBUS$AssetsCurrent assetsCash and money equivalents504,108771,732119,771Restricted cash70,60125,6253,977Short-term deposits-67,02910,403Short-term investments696,051463,49571,933Accounts and notes receivable from third events (internet of allowance of RMB9,246 and RMB28,628 as of December 31, 2020 and September 30, 2021, respectively)427,352288,228 44,732Accounts receivable from a associated social gathering (internet of allowance of RMB61 and RMB332 as of December 31, 2020 and September 30, 2021, respectively)609,094315,03948,893Other receivables from associated events (internet of allowance of RMB9 and RMB60 as of December 31, 2020 and September 30, 2021, respectively)88,03855,6478,636Inventories439,375541,16583,987Prepaid bills and different present assets87,280163,67125,403Long-term deposits-current portion10,00060,0009,312Total present assets2,931,8992,751,631427,047Non-current assetsPrepaid bills and different non-current assets19,80324,4603,796Property, plant and tools, net72,436105,42116,361Deferred tax assets14,18925,2633,921Intangible belongings, net7,68110,3371,604Right-of-use belongings, net20,52921,0833,272Land use rights, net62,98262,0409,628Long-term deposits-non-current portion50,000–Total non-current assets247,620248,60438,582Total assets3,179,5193,000,235465,629Liabilities and shareholders’ equityCurrent liabilitiesAccounts and notes payable1,001,371859,612133,410Advances from customers112,61395,97614,895Amount as a result of associated parties124,1925,605870Accrued bills and different liabilities335,488321,64649,917Income tax payables50,96235,4415,500Lease liabilities due inside one year9,48111,7061,817Total present liabilities1,634,1071,329,986206,409Non-current liabilitiesAccrued bills and different liabilities3,4005,775896Long-term borrowing-16,1062,500Lease liabilities11,69310,0501,560Total non-current liabilities15,09331,9314,956Total liabilities1,649,2001,361,917211,365 VIOMI TECHNOLOGY CO., LTDUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)(All quantities in 1000’s, besides shares, ADS, per share and per ADS knowledge)As of December 31,As of September 30,202020212021RMBRMBUS$Shareholders’ equityClass A Ordinary Shares (US$0.00001 par worth; 4,800,000,000 shares approved; 104,163,686 and 107,381,750 shares issued and excellent as of December 31, 2020 and September 30, 2021, respectively)6 6 1Class B Ordinary Shares (US$0.00001 par worth; 150,000,000 shares approved; 103,554,546 and 103,314,546 shares issued and excellent as of December 31, 2020 and September 30, 2021, respectively)6 6 1Treasury inventory(54,600)(54,600)(8,474)Additional paid-in capital1,278,0041,325,901205,777Retained earnings363,051427,22066,304Accumulated different complete loss(59,384)(64,172)(9,959)Total fairness attributable to shareholders of the Company1,527,0831,634,361253,650Non-controlling interests3,2363,957614Total shareholders’ equity1,530,3191,638,318254,264Total liabilities and shareholders’ equity3,179,5193,000,235465,629 VIOMI TECHNOLOGY CO., LTDUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OFCOMPREHENSIVE INCOME(All quantities in 1000’s, besides shares, ADS, per share and per ADS knowledge)Three Months EndedSeptember 30,2020September 30,2021September 30,2021RMBRMBUS$Net revenues:A associated party624,822427,30766,317Third parties861,922629,21997,653Total internet revenues1,486,7441,056,526163,970Cost of revenues (together with RMB143,072 and RMB7,690 with associated events for the three months ended September 30, 2020 and 2021, respectively)(1,232,481)(816,797)(126,764)Gross profit254,263239,72937,206Operating bills(1)Research and growth bills (together with RMB156 and RMB690 with a associated social gathering for the three months ended September 30, 2020 and 2021, respectively)(52,674)(82,201)(12,757)Selling and advertising bills (together with RMB23,210 and RMB23,579 with associated events for the three months ended September 30, 2020 and 2021, respectively)(152,247)(183,364)(28,458)General and administrative bills(21,447)(24,716)(3,836)Total working bills(226,368)(290,281)(45,051)Other revenue, net8,53711,8961,846Income (loss) from operations36,432(38,656)(5,999)Interest revenue and short-term funding revenue, net9,9852,769430Other non-operating income58054985Income (loss) earlier than revenue tax expenses46,997(35,338)(5,484)Income tax (bills) credit(11,890)6,191961Net revenue (loss)35,107(29,147)(4,523)Less: Net revenue attributable to the non-controlling curiosity shareholder18711618Net revenue (loss) attributable to unusual shareholders of the Company 34,920(29,263)(4,541) VIOMI TECHNOLOGY CO., LTDUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OFCOMPREHENSIVE INCOME (CONTINUED)(All quantities in 1000’s, besides shares, ADS, per share and per ADS knowledge)Three Months EndedSeptember 30,2020September 30,2021September 30,2021RMBRMBUS$Net revenue (loss) attributable to the Company34,920(29,263)(4,541)Other complete (loss) revenue, internet of taxForeign forex translation adjustment(24,956)989153Total complete revenue (loss) attributable to the Company9,964(28,274)(4,388)Net revenue (loss) per share attributable to unusual shareholders of the Company-Basic0.17(0.14)(0.02)-Diluted0.16(0.14)(0.02)Weighted common variety of unusual shares utilized in calculating internet revenue (loss) per share-Basic209,159,767210,472,257210,472,257-Diluted217,768,082210,472,257210,472,257Net revenue (loss) per ADS*-Basic0.50(0.42)(0.06)-Diluted0.48(0.42)(0.06)Weighted common variety of ADS utilized in calculating internet revenue (loss) per ADS-Basic69,719,92270,157,41970,157,419-Diluted72,589,36170,157,41970,157,419 *Each ADS represents 3 unusual shares.(1) Share-based compensation was allotted in working bills as follows:Three Months EndedSeptember 30,2020September 30,2021September 30,2021RMBRMBUS$General and administrative expenses6,2702,584401Research and growth expenses12,9636,6821,037Selling and advertising expenses3,211(2,219)(344) VIOMI TECHNOLOGY CO., LTDReconciliations of GAAP and Non-GAAP Results(All quantities in 1000’s, besides shares, ADS, per share and per ADS knowledge)Three Months EndedSeptember 30,2020September 30,2021September 30,2021RMBRMBUS$Income (loss) from operations36,432(38,656)(5,999)Share-based compensation expenses22,4447,0471,094Non-GAAP working revenue (loss)58,876(31,609)(4,905)Net revenue (loss)35,107(29,147)(4,523)Share-based compensation expenses22,4447,0471,094Non-GAAP internet revenue (loss)57,551(22,100)(3,429)Net revenue (loss) attributable to the Company34,920(29,263)(4,541)Share-based compensation expenses22,4447,0471,094Non-GAAP internet revenue (loss) attributable to the Company57,364(22,216)(3,447)Net revenue (loss) attributable to unusual shareholders34,920(29,263)(4,541)Share-based compensation expenses22,4447,0471,094Non-GAAP internet revenue (loss) attributable to unusual shareholders57,364(22,216)(3,447)Non-GAAP internet revenue (loss) per unusual share-Basic0.27(0.11)(0.02)-Diluted0.26(0.11)(0.02)Weighted common variety of unusual shares utilized in calculating Non-GAAP internet revenue (loss) per share-Basic 209,159,767210,472,257210,472,257-Diluted217,768,082210,472,257210,472,257Non-GAAP internet revenue (loss) per ADS-Basic0.82(0.32)(0.05)-Diluted0.79(0.32)(0.05)Weighted common variety of ADS utilized in calculating Non-GAAP internet revenue (loss) per ADS-Basic 69,719,92270,157,41970,157,419-Diluted72,589,36170,157,41970,157,419Note: The non-GAAP changes doesn’t have any tax affect as share-based compensation bills are non-deductible for incometax goal. 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