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Jianpu Technology Inc. Reports Fourth Quarter and Fiscal Year 2019 Unaudited Financial Results

BEIJING, MarchA 23, 2020 /PRNewswire/ -- Jianpu Technology Inc. ("Jianpu," the "Company" or "We") (NYSE: JT), a leading independent open platform for discovery and recommendation of financial products in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2019. Fourth Quarter 2019 Operational and Financial Highlights:

Credit card volume for recommendation services[1] was approximately 1.9 million in the fourth quarter of 2019, representing an increase of approximately 5.6% from the third quarter of 2019. The average fee per credit card for recommendation services increased to RMB110.21 (US$[2]15.83) in the fourth quarter of 2019 from RMB109.22 in the third quarter of 2019. As a result, revenues from recommendation services for credit cards increased by 6.5% to RMB208.3 million (US$29.9 million) in the fourth quarter of 2019 from RMB195.6 million in the third quarter of 2019.



Net loss was RMB6.6 million (US$0.9 million) in the fourth quarter of 2019, improved from a net loss of RMB352.5 million in the third quarter of 2019.



Non-GAAP adjusted net loss[3] was RMB68.8 million (US$9.9 million) in the fourth quarter of 2019, compared with non-GAAP adjusted net loss of RMB100.7 million in the third quarter of 2019.



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For the three months ended
December 31,
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