Q2 2020 Secoo Holding Ltd Earnings Call
Hello, ladies and gentlemen. Thank you for sending by for siku Holdings Limited second quarter 2020 earnings conference call at this time or with a listen-only mode after Management's prepared remarks that will be a question-and-answer session. Today's conference call is being recorded. I will now make sure to call over to your host Mister Secretary of the company, please go ahead single.
Hello everyone and welcome to the second quarter 2017 earnings conference car holding limited the company's results were issues with this earlier today and have been posted online. You can download the early press release and up to the company's email alerts by visiting the address off of our website at or under chairman and chief executive officer. And I bought a Jeep financial officer will start the call list. They're prepared remarks followed by a question-and-answer session. Before we continue please note that today is December contain forward-looking statements made and nervous at Harbor provisions of the US private Securities litigation Reform Act of 1995 forward-looking.
Two statements rob you haven't risks and uncertainties as such the company's results making maturity different from the views expressed today for birth information regarding this and other risks and uncertainties is included in the company's registration statement from and from Tempe else as well you access to every day Exchange Commission the company that now the zoom any obligation to update any forward-looking statements except as required under applicable law, please also note that schools earnings press release and discusses cost include discussions of an updated yet financial information as well. As other kids schools earnings, press release contains a Reconciliation of the other tapes and get a job.
And other kids most directly comparable gaap measures as well. Now turn the call over to our chairman and CEO mr. V.
Hello, and thank you for joining us today.
I will talk to you when I change hold each in the issue on a 2018 Honda Civic.
The second quarter of 2008 it continue to deliver healthy operational and financial results of 3.6 me to Belly Up 12.1% year-over-year despite the ongoing impact of the 19th and then across the globe or long-term growth driver remained intact and execution of strategies remains on track both heard by all well-placed the globalized society. It continued to a debate or relations the top bans and abused or type this high quality suppliers and the Strategic Partners worldwide.
S A go to like a platform in China, they are committed to English and the expanding high-end premium quality products and services of range at the same time strengthening or operational capability which are powered by intelligence technology. All these efforts are allowing us to age optimize the shopping experience in school platform which in turn can further increase or user retention rate.
Let me change the bulb. Yeah, you should be on Super King had a used it cut off the plant collaboration. They continue to step up or part-time from bility and the strength in the upscale retail sector since the beginning of the second call her today. They have children director Corporation partnership is a total of 148 runs all the top that were spent in collaboration with dead.
Need to sign up the order to get access to the number.
consumer demand for schools in China during the global pandemic
I assist you with that question. Hold on. Hold. Hold on GM engines. You see all the time space also called off bedroom bulb.
God damn, I don't I don't you walk over to Ephesians a member of keep lands and strengthen me or isn't in the fashion space. They have depending of Corporations off the top call Katie even more creative promotional event just to name a few in April.
What's hen's Disney to lunch breaks marketing campaign, which created goggles moments and reboot it meaning for English skills of the signal group and Paris Classics, which will be launched last month through what we should note that during during the Age the brands average daily posted three vote in place year-over-year. Am sending customers has 7,000 on the addition of encouraged by the positive results from home Fifth Street in store shopping sessions. The April two separate did not heed up once again to lunch the Dead.
Having summer been week twenty-week marketing campaign reach fused for four hundred and 25% year-over-year increase wages sales during the weeks at 5 p.m. For how long she and she took off.
Building all are successful momentum of the $18 campaign.
Success kick off or anniversary campaign for the 12th consecutive on both touring or membership. This year's campaign features of the list of promotion that it's centered on top that will send in partnership with who settled this technology-driven Target off the approach and I can have the promotional tactic to the activate the registered members this shutting that you attract a large number of lorleberg customers to come back to the package purchased during the anniversary campaign the overall sales of top of the platform increased to five fifteen 7.8% year-over-year this average price for other apps 44.8 year over a year percent year-over-year log.
The bill self Chanel LV and is this campaign all includes the morgue? I think you're perfect compared to those the year ago.
Oh, yeah. Can you hold on I'll call them thinking.
Miss can you help me switch off home TV? That's about that one or diversify strategy aimed to reach a comprehensive collection of transaction manufacture providers Distributors and influences from all over the world. So as to tap into more potential hi end consumers recently at next month on specializing in handmade products, but
Crafted by the exceptional artist in Italian Open is official online that ship store which further or high-end fun. In fact that the Admiral feature a network of more than four hundred independent and designers provide expensive product offering then customer manageable that will furniture from bigger left after that the jury and have seen brought presents. You're a parent is yes, but Asia is emerging as is seven major business regions.
No, thank you.
Woman kind of those in charge change the bulb off. Hey Jason. This is that called my God.
19 until 6 in don't think they have seen that this happens feels channels presentations. We have become more like the exact organized they even that will help benefiting from the back into action. I often ski and real-time feedback that are unable to reach the engage customers in the superior to the shopping bag in the second quarter way for the Earth optimize or extreme Apple system and extended the collaboration with the most popular social networking platforms such as eating or leading position in the marketplace industry.
I need to fire or valuable these streaming programs such as in store shopping worldwide 24-hour pass the global you keep very productive lease agreement and rent authorized this screen room. They went the extra mile to drive the car goes through everything Channel economy is on the right affected by schools big data analytics that indicates either by mail consumer. This is also echoed five back to that proportion of male members shopping of school reform has been back here by ear, especially in Los Geographic areas from the purchasing power can be begging Shanghai dead.
You can also see the history.
Steven Autos, that's the proportion of the male customers placing orders watch government the sports package. Is this a customer or both?
Yeah, you know it's trying to push a I am I am talking to each other. We want me to call.
Elevating the intelligence operations infrastructure in the effort to deploy or capability and cloud-computing birth weight of F-15 the user experience sustained in Technology Innovation and operates in order to improve the customer satisfaction and the in-home. Yeah, I think patients of that one. For instance. They have been deployed more functions to facilitate the reviews merchandising which is active or stimulated interested and enhance the customer to make more purchase additional supported by the Standard customer in the classification and
Cancellation of product descriptions the optimized the product Discovery experience it coming through multiple vendors selling the same product looking ahead leveraging or strength in technology who will be out more efficient and effective Target marketing platform to purchase. Apple systems will support the sustainable growth for suppliers business partners and high-end customers.
Choose what? Did he selfie? Hold on. Hold on the 15 town home from yes. So when did you want to boot off? Thanking help you?
This consumers activities and the business operation became who are more normal thing in China or a solid infrastructure this 98 Jeep power the technology department and customer engagement capability in addition for our strategy of himself in person or four position as the go to a broad platform to Chinese consumers. Well, well equipped to attract more high-end to a platform along with the router action of limited edition of the customer signal bulb ultimate you capture the tremendous opportunities in that was discovered industry and the CFO change our other dog.
I was on call.
Is that I will now turn the call over to our CFO mystery shopping chance who will discuss a key metrics and the financial results.
Thank you very hard. And hello, everyone took some time off. I am not first name. Please. Don't send me no one else. Thank you for
During the second quarter the global economic impact of covid-19 not to be affected amount in high-end discretionary spending money baby mein kitni. Vo he said it was the marketing strategy and the number of others. However you to lower the logistics globally as domestic Peace during the global epidemic or getting toasted year-over-year decline in the sentencing process with her engine bay. The pleasure of each month ultimate demonstrated ability to navigate the dynamic market and 12 between the performance the carbs.
That's the vet track to achieve long-term goal.
She's at now without in the back off. Thank you, and I talked by 1% to make sure I can call her off from mm.
funny home number of others increased by 7.7%
1010 that's from $955,000 a month.
I'm I'm sold out for you.
Total revenue for the second quarter of 2017 was approximately 1.1 points off in 1 minute in the second quarter of 2019 primarily attributable to a Slowdown in demand of this questionable sending delayed by just pictures you have all these 19.7 months. She needs to be present to approximately 1.1 for the second quarter of two thousand twenty from home.
1.35 burning for the best part of the decreased of total dead dead dead weight a coma. Yes.
Gross profit was made off before I can pop it off off off off by a certified armed doesn't have a medicine for the second call from DED.
For the second time now.
Looking through the company's email on a month-to-month that exposes. That's a beautiful song.
Early early June shut down about 55% to 68.2 for the second quarter of 2020 from $152 for the second quarter of two thousand Nikes. So I'm reading reviews online and offline advertising as far as
Calling I need an oil change package discount instead of 7.6% for the second quarter of month to pay 5.1 for the second part of the includes was friendly technology department of public relations.
Funny home page has decreased by 20% to 41.5 for the second quarter of 2028 from the East fifty thousand nine minutes before the second quarter of 2019 was primarily attributable to the decreased that possibility. Outside by the Verizon office.
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Yeah, I remember I I'm from operations was 31.9 minutes for the second quarter of 2017 compared with income from operations. 1628. Can you please stay on the line?
Union and just 1028 was like today and out with all the second quarter of 2019.
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Harley Thursday, we didn't need to cancel that right.
Sheriff is supplementation expensive for the second quarter of 2018 was 7.6 long shot here as a 30,000 the company have cash cash equivalents and restricted cash one point but Billy home. He's got half.
Thank you so much. Ladies and gentlemen, we will now begin the question-and-answer session as a reminder. If you wish to ask question, you will need to press star and one on your telephone long. Wait for your name to be announced. If you wish to cancel your request, please press the pound or hash key and for the benefit of all participants on today's call. If you wish to ask your question to log in Chinese, please immediately repeat your question in English again, it's star and one if you wish to ask question.
There are no further question now. I'd like to turn the call back over to the company for closing remarks.
Thank you again for joining us today. If you have further questions, please feel free to contact us investor relations through the contact information provided on our website. That's our relations whose information is also on our website.
Which includes this conference calls you may now disconnect your lines. Thank you.
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