Waiting for "life -saving money" daily excellent freshness: reduce business and optimize employees

Recently, a daily announcement of LKCo.us and rumors of layoffs circulating in the market seem to indicate that the eight -year fresh e -commerce company has entered a critical moment of life and death.

Reduce business and wait for "life -saving money"

On July 28th, Daily Youxian issued a service change notice in the APP. The delivery time changed from the fastest 30 minutes to the fastest day of delivery, and the distribution scope was changed to nationwide distribution.

Daily Youxian further stated in an announcement that, on July 14, 2022, the company and Shanxi Donghui Group signed a strategic investment agreement. invest. Through this strategic cooperation, Daily Youxian and Shanxi Donghui will focus on their respective resources and best business practices around agricultural operations, sales and marketing, and conduct a series of strategic cooperation in the entire industrial chain such as brand agriculture and order agriculture.

However, as of July 28, the transaction has not yet been completed, and the company has not received any funds from Donghui in Shanxi.

It is precisely because this "life -saving money" is not in place on time. Daily freshly said that the company had to make significant adjustments to its business strategy to achieve sustainable development. Adjustment includes temporarily closed the service of a mini -warehouse (DMW) and optimized employees for temporary shutdown. It is expected that these major adjustments will have a significant adverse effect on the company's financial performance. For the nine months ended September 30, 2021, about 85%of the company's total net income was contributed on demand DMW business.

Daily Youxian said that it will decide whether to decide whether to re -open the DMW business on demand for the development of business. The company will make every effort to maintain the normal operation of the next day's business, smart freshness and retail cloud business.

Daily losses that are difficult to get rid of the daily swamps that are difficult to get rid of

In the context of unsatisfactory stock prices and not being submitted to the annual report on time by Nasdaq, daily "blood transfusion" this time is not as good as before.

In March of this year, Daily Outstanding announced that Yorkville Advisors, Yorkville Advisors, daily. Yorkville will subscribe for a daily stock stock with a total value of 300 million US dollars in the next 3 years. Xu Zheng, the founder, chairman and CEO of Youxian, said that the signing of the agreement will bring additional financial support to the company's strategic implementation and business advancement.

But in May 2022, the company received Nasdaq warnings due to failure to submit an annual report on time. On June 4th, the daily fresh announcement announced that it received a notice issued by the Nasdaq's listing qualification department, indicating that the company's ADS closing price was lower than the minimum request of $ 1 in the past 30 consecutive transactions.

At present, the company has not lifted the crisis of the stock price below $ 1. Since its listing, the company's stock price has fallen by more than 98%.

The front warehouse of burning money makes it difficult to reverse the loss daily. According to the financial data disclosed earlier, the net losses in the first three quarters of 2021 were 610 million, 1.433 billion, and 974 million yuan, respectively, and a cumulative loss of 3.017 billion yuan in the first three quarters of 2021.

As of September 30, 2021, the company had 2.172 billion yuan in cash and cash equivalents, and the net cash amount of business activities was 669 million yuan. As of the end of 2020 and the end of the third quarter of 2021, the company's asset -liability ratio reached 142%and 86.4%.

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