Behind's 2019 performance exceeding expectations: the sinking market meets a fierce battle

On March 2, released its fourth quarter and full-year financial reports for 2019. According to the data,'s fourth-quarter revenue in 2019 was 170.68 billion yuan, a year-on-year increase of 26.6%. Under the non GAAP, the net profit attributable to common shareholders was 810 million yuan, and diluted earnings per share were $0.08, higher than analysts' expectations of $0.06.

Meanwhile, in 2019,'s net revenue reached 576.89 billion yuan, an increase of 24.9% year on year. Under non GAAP, the net profit attributable to the company's shareholders reached 10.75 billion yuan, an increase of 210.8% year on year. Compared with 2018, its net profit margin has doubled.

Driven by data growth and profit, the day on which's financial report was released, the stock soared 12.44%, and as of that day closed at $43.3, marking a new high since 2019. As we all know, on the last day of 2018, its stock price stayed at $22.27.

2019 is full of rectification, reform and breakout for