DiDi Global Inc. Files 20-F Annual Report for Fiscal Year 2023

TL;DR

<b>DiDi Global Inc. has submitted its 2023 annual report on Form 20-F, detailing its financial performance and corporate information.</b>

AI Summary

DiDi Global Inc. (DIDIY) filed a Foreign Annual Report (20-F) with the SEC on April 15, 2024. DiDi Global Inc. filed its annual report on Form 20-F for the fiscal year ended December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company's principal executive offices are located in Beijing, China. DiDi Global Inc. was formerly known as Xiaoju Kuaizhi Inc., with a name change effective January 14, 2019. The filing includes information related to various subsidiaries and financial statement line items for the fiscal years 2020-2023.

Why It Matters

For investors and stakeholders tracking DiDi Global Inc., this filing contains several important signals. This 20-F filing provides a comprehensive overview of DiDi's financial health and operational status for the 2023 fiscal year, crucial for investors assessing the company's performance and future prospects. The report contains detailed financial data, including equity, retained earnings, and noncontrolling interests, offering insights into the company's capital structure and profitability trends over several years.

Risk Assessment

Risk Level: medium — DiDi Global Inc. shows moderate risk based on this filing. The filing is a standard annual report (20-F) and does not contain immediate, significant new financial data or strategic shifts that would indicate a high level of risk or opportunity beyond normal business operations.

Analyst Insight

Investors should review the detailed financial statements and disclosures within the 20-F to understand DiDi's financial position and any potential risks or opportunities for the upcoming fiscal year.

Key Numbers

• 2023-12-31 — Fiscal Year End (The period covered by the 20-F filing.)
• 2024-04-15 — Filing Date (Date the 20-F was filed with the SEC.)
• 2019-01-14 — Name Change Date (Date Xiaoju Kuaizhi Inc. became DiDi Global Inc.)
• 100193 — ZIP Code (ZIP code for DiDi's business and mailing address in Beijing.)

Key Players & Entities

• DiDi Global Inc. (company) — Filer of the 20-F report.
• Xiaoju Kuaizhi Inc. (company) — Former name of DiDi Global Inc.
• Beijing (location) — Location of DiDi's principal executive offices.
• Didi Chuxing Science And Technology Co Ltd (company) — Subsidiary mentioned in the filing.
• Beijing Xiaoju Science And Technology Co Ltd (company) — Subsidiary mentioned in the filing.
• Beijing Didi Chuxing Technology Co Ltd (company) — Subsidiary mentioned in the filing.
• Guangzhou Kargobot Technology Co. Ltd. (company) — Investment mentioned in the filing.
• SEC (regulator) — Regulator overseeing the filing.

FAQ

Risk Factors

• Regulatory Compliance [medium — regulatory]: The company operates in a highly regulated industry, and changes in regulations or non-compliance could adversely affect its business.
• Competition [medium — market]: The ride-hailing and mobility services market is highly competitive, with potential impacts from new entrants and existing players.
• Operational Risks [medium — operational]: Risks related to the operation of its platform, including technology failures, cybersecurity threats, and service disruptions.
• Financial Performance [medium — financial]: The company's financial results may be affected by economic conditions, currency fluctuations, and its ability to manage costs.

Key Financial Figures

• $0.00002 — Class A ordinary shares, par value US$0.00002 per share American depositary shares
• $1 — .S. dollars were made at RMB7.0999 to US$1.00, the exchange rate set forth in the

Filing Documents

• didi-20231231x20f.htm (20-F) — 5349KB
• didi-20231231xex8d1.htm (EX-8.1) — 22KB
• didi-20231231xex11d1.htm (EX-11.1) — 69KB
• didi-20231231xex12d1.htm (EX-12.1) — 13KB
• didi-20231231xex12d2.htm (EX-12.2) — 12KB
• didi-20231231xex13d1.htm (EX-13.1) — 5KB
• didi-20231231xex13d2.htm (EX-13.2) — 6KB
• didi-20231231xex15d1.htm (EX-15.1) — 4KB
• didi-20231231xex15d2.htm (EX-15.2) — 5KB
• didi-20231231xex15d3.htm (EX-15.3) — 5KB
• didi-20231231x20f005.jpg (GRAPHIC) — 58KB
• didi-20231231x20f009.jpg (GRAPHIC) — 53KB
• didi-20231231x20f010.jpg (GRAPHIC) — 68KB
• didi-20231231x20f011.jpg (GRAPHIC) — 85KB
• didi-20231231x20f012.jpg (GRAPHIC) — 68KB
• didi-20231231x20f013.jpg (GRAPHIC) — 73KB
• didi-20231231x20f014.jpg (GRAPHIC) — 77KB
• 0001104659-24-047255.txt (&nbsp;) — 20462KB
• didi-20231231.xsd (EX-101.SCH) — 137KB
• didi-20231231_def.xml (EX-101.DEF) — 452KB
• didi-20231231_lab.xml (EX-101.LAB) — 1060KB
• didi-20231231_cal.xml (EX-101.CAL) — 135KB
• didi-20231231_pre.xml (EX-101.PRE) — 806KB
• didi-20231231x20f_htm.xml (XML) — 3372KB

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 158 Item 12.

Description of Securities Other than Equity Securities

Description of Securities Other than Equity Securities 160 PART II 162 Item 13. Defaults, Dividend Arrearages and Delinquencies 162 Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 162 Item 15.

Controls and Procedures

Controls and Procedures 162 Item 16A. Audit Committee Financial Expert 163 Item 16B. Code of Ethics 163 Item 16C. Principal Accountant Fees and Services 163 Item 16D. Exemptions from the Listing Standards for Audit Committees 164 Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 164 Item 16F. Change in Registrant's Certifying Accountant 164 Item 16G. Corporate Governance 164 Item 16H. Mine Safety Disclosure 164 Item 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 164 Item 16J. Insider Trading Policies 164 Item 16K. Cybersecurity 165 PART III 166 Item 17.

Financial Statements

Financial Statements 166 Item 18.

Financial Statements

Financial Statements 166 Item 19. Exhibits 166

SIGNATURES

SIGNATURES 168 i Table of Contents INTRODUCTION Except where the context otherwise requires and for purposes of this annual report only: "ADSs" refers to our American depositary shares, four of which represent one Class A ordinary share. "China" or the "PRC" refers to the People's Republic of China. "Class A ordinary shares" refers to our Class A ordinary shares of par value US$0.00002 per share. "Class B ordinary shares" refers to our Class B ordinary shares of par value US$0.00002 per share. "Driver earnings" refers to the net portion of the transaction value that a driver retains. "Driver incentives" refers to payments that we make to drivers, which are separate from and in addition to the driver earnings. "GTV," which stands for gross transaction value, refers to the total dollar value, including any applicable taxes, tolls and fees, of completed Transactions without any adjustment for consumer incentives or for earnings and incentives paid to drivers for mobility services, merchant or delivery partners for food delivery services, or service partners for other initiatives. "Platform Sales" refers to GTV less all of the earnings and incentives paid to drivers and partners, tolls, fees, taxes and others. "RMB" and "Renminbi" refers to the legal currency of China. "Shares" or "ordinary shares" refers to our Class A and Class B ordinary shares, par value US$0.00002 per share. "Transactions" refers to the number of completed rides for our China Mobility segment, completed rides or food deliveries for our International segment, and completed bike and e-bike sharing, energy and vehicle services, intra-city freight and financial services transactions for our Other Initiatives segment. Transactions are counted by the number of orders completed, so a carpooling ride with two paying consumers represents two transactions, even if both consumers start and end their ride at the same place, whereas two passengers on the same ride transaction order count as o

View Full Filing

View this 20-F filing on SEC EDGAR