Alibaba.com Q and FY 2010 Results Demonstrate Strong Financials and the Evolution toward a More Balanced Business Model

Size: px
Start display at page:

Download "Alibaba.com Q4 2010 and FY 2010 Results Demonstrate Strong Financials and the Evolution toward a More Balanced Business Model"

Transcription

1 Alibaba.com Q and FY 2010 Results Demonstrate Strong Financials and the Evolution toward a More Balanced Business Model Stronger margins and new efforts in maintaining trust and safety set foundation for continued long-term growth Highlights User growth: We had 809,362 paying members on both the international and China marketplaces as of the end of 2010, up 31.6 percent y-o-y. Including those of HiChina, we had more than 1 million paying members. Total registered users on our international and China marketplaces grew almost 30 percent y-o-y to more than 61.8 million. Total revenue: Total revenue in Q was RMB1,521.5 million, up 37.6 percent y-o-y. Full-year revenue was RMB5,557.6 million in 2010, representing a 43.4 percent increase from As-reported net income 1 : As-reported Q4 net income was RMB410.4 million, up 46.0 percent y-o-y. As-reported full-year net income was RMB1,469.5 million, representing an increase of 45.1 percent y-o-y. Deferred revenue: Deferred revenue was RMB4,434.4 million as of the end of 2010, representing an increase of 29.0 percent from RMB3,437.0 million as of the end of 2009, and a 14.6 percent increase from the end of Q3 2010, due to the strong paying member acquisition in Q4 ahead of the launch of the higher-priced 2011 China Gold Supplier membership. Recurring free cash flow: We generated RMB2,840.8 million of recurring free cash flow in 2010, representing a significant increase of 56.4 percent y-o-y. We generated RMB1,187.2 million of recurring free cash flow in Q4 2010, a 62.2 percent increase from Q thanks to the strong increase in paying members. Cash position: Despite the acquisitions we completed in 2010, our cash balance still increased 32.8 percent from the end of 2009 to RMB9,583.5 million as of December 31, HONG KONG, March 17, 2011 Alibaba.com Limited (HKSE: 1688) (1688.HK), the world s leading small business e-commerce company, today announced financial results for the quarter and year ended December 31, 2010, which demonstrate our strategies to evolve our business model are setting the foundation for balanced, continued long-term growth. Q and FY 2010 Financial and Operational Highlights FINANCIAL HIGHLIGHTS Q RMB million Q RMB million Change FY 2010 RMB million FY 2009 RMB million Change Revenue 1, , % 5, , % Earnings before interest, taxes and % 1, , % amortization ( EBITA ) Profit attributable to equity owners % 1, , % Share-based compensation expense % % Deferred revenue and 4, , % 4, , % customer advances Recurring free cash flow 1, % 2, , % Earnings per share, basic and diluted (HKD) 9 cents 6 cents +50.0% 33 cents 23 cents +43.5% 1 Excludes profit attributable to non-controlling interests. 1

2 OPERATIONAL HIGHLIGHTS Q Q Q4 change Q Net adds FY 2010 FY 2009 FY change FY 2010 Net adds Registered users 61,801,281 56,722, % 5,078,799 61,801,281 47,732, % 14,068,365 International marketplace 18,024,993 14,921, % 3,103,325 18,024,993 11,578, % 6,446,746 China marketplace 43,776,288 41,800, % 1,975,474 43,776,288 36,154, % 7,621,619 Storefronts 8,544,544 8,199, % 345,160 8,544,544 6,819, % 1,724,560 International marketplace 1,696,905 1,622, % 74,308 1,696,905 1,400, % 296,579 China marketplace 6,847,639 6,576, % 270,852 6,847,639 5,419, % 1,427,981 Paying members (Note 1) 809, , % 58, , , % 194,150 China Gold Supplier 121, , % 12, ,274 96, % 25,164 Global Gold Supplier (Note 2) 10,434 11, % (583) 10,434 17, % (7,352) China TrustPass 677, , % 46, , , % 176,338 Note 1: Include paying members with active storefront listings on our international and China marketplaces as well as paying members who have paid membership package subscription fees but whose storefronts have not been activated. Note 2: The number of Global Gold Supplier members has decreased since we upgraded the product with more features and higher pricing in July , the Year of Customer Service, was an important year for Alibaba.com. It was the year when the company hit the 1 million paying member milestone; the year when we completed the most acquisitions domestically and internationally; and the year when we increased endeavors to maintain a trustworthy e-commerce platform and refocused on creating value for our customers, said Jonathan Lu, CEO and Executive Director of Alibaba.com. This strong financial performance achieved despite the slow progress of the global economic recovery and the company s aggressive action against fraud late in the year, along with the successful upgrade of our business model, are strong evidence of the company s intent to serve customers better while maintaining balanced financials. Key changes to Alibaba.com s business model during 2010 included: Healthier balance between export-related business and non-export-related business: Driven mainly by growing revenue contributions from our China marketplace and the addition of HiChina, non-export-related revenue increased from 29 percent of total revenue in 2007 to 42 percent in This more-balanced proportion allowed Alibaba.com to capture opportunities from the rapid growth of domestic demand in China and from e-commerce activities beyond traditional small and medium enterprise online marketing. Healthier balance between membership sale and sale of value-added services (VAS): By listening to our customers needs and introducing a variety of VAS to meet those needs, we increased our non-membership fee revenue from 21 percent of total revenue in 2007 to 33 percent in Since VAS in general did not involve additional customer acquisition costs an increasing number of customers have been purchasing our VAS offerings on a self-service basis the margin we enjoyed from VAS was higher than that from membership fees. Introduction of transaction-based platforms: Before 2009, Alibaba.com was purely a platform for the exchange of information between buyers and sellers to facilitate their online marketing activities. However, we have been exploring the value we can bring to our customers by enabling them to complete online transactions via Alibaba.com. Our first effort in this area is the launch of AliExpress, our small-order online wholesale transaction platform, followed 2

3 by the introduction of 1688.com in China when we upgraded our China marketplace. Both transaction platforms were officially launched in the second quarter of 2010, and the monetization of AliExpress already started during the year. We are confident that the annualized gross merchandize value (GMV) of the two transaction-based platforms will continue to increase with ongoing high growth potential. Expansion to include a wide array of services, laying the foundation for Work at Alibaba : Over the years, our services have grown both in breadth and in depth. In terms of marketing-related features, Ali-ADvance, a more sophisticated pay-for-performance model for keyword search, was introduced on both marketplaces. The significant growth in traffic on the websites can now be monetized through the performance-driven Ali-ADvance. In addition to deepening our value in the area of Meet at Alibaba, we started to offer a wide selection of export-related services for the small exporters in China. Besides the existing export-related services such as Factory Audit and Japan Link, we expect to provide more comprehensive services, for instance, customs clearance, tax refund and trade financing. On the front of helping our customers more effectively grow and manage their businesses, we offered more SaaS (software as a service)-based tools and applications. Thousands of customers have purchased these offerings through our website. Establishment of channels to provide small businesses with access to capital: We addressed the financing needs of small businesses through Ali-Loan. Since its launch, we have seen a strong demand for this product and we have recently started to monetize the significant value we created for our members. Outlook In 2011, we intend to place increased emphasis on servicing our existing paying members rather than accelerating member acquisition. Lu continued. We will enhance the customer experience of our Gold Supplier and China TrustPass members through service upgrades that we hope will result in a stable membership base and its sustainable growth. Moving towards a more balanced business model, we expect our business and financial performance will be even more resilient to global issues. In addition, while maintaining our Meet at Alibaba strategy, we will continue to bring more Work at Alibaba offerings to our customers by introducing additional, richer VAS. The monetization opportunities associated with this effort is expected to contribute to our business more significantly in the medium term. Membership revenue growth, VAS revenue growth and margin growth will then follow, Lu added. We will also strengthen the collaboration with Taobao, for instance, our third online transaction-based platform, Wu Ming Liang Pin (lp.taobao.com) (white-label mall). This new transaction-based platform is designed to give our quality, wholesale paying members direct access to Taobao, China s largest online shopping platform, helping them benefit from its 370 million users and its tremendous market potential. We are a company that focuses on creating long-term value for customers. We will keep offering online tools that help them not only do business more easily, but also manage their businesses more easily. We believe strongly we are doing the right thing for them. 3

4 2010 Financial and Operational Results Paying Members and Revenue We continued to achieve strong and steady growth in paying members over the last year. As of December 31, 2010, we had 809,362 paying members on both the international and China marketplaces, up 31.6 percent from the end of 2009 and 7.8 percent from the end of the previous quarter. Including those of HiChina, we had more than 1 million paying members. In 2010, the growth of our China Gold Supplier customer base was relatively moderate compared with its tremendous growth in We net added 25,164 China Gold Supplier members during the year, bringing the total to 121,274. In the fourth quarter, we net added 12,702 China Gold Supplier members, representing an 11.7 percent growth q-on-q. Internationally, we had 10,434 Global Gold Supplier members. Due to the price increase in 2009, there was a decline in the number of our Global Gold Supplier members. However, the decline in customer base was compensated by the continued growth in revenue generated from this membership service. The number of our China TrustPass members reached 677,654 at the end of 2010, a net increase of 176,338 members, or 35.2 percent, from the end of At the end of the year, about 42 percent of our China TrustPass members were China TrustPass Basic members. Our deferred revenue and customer advances as of December 31, 2010 were RMB4,434.4 million, representing a 29.0 percent increase from RMB3,437.0 million as of December 31, The increase was due to the continued growth in our paying members and VAS sale as well as the strong acquisition of paying members in the last quarter of 2010, which was driven by an expected price adjustment of our China Gold Supplier membership in During the year, a deferred revenue of RMB15.7 million related to our fraudulent members was forfeited and transferred to our Fair Play Fund, of which RMB11.2 million was paid to defrauded buyers as compensation. Total revenue was RMB5,557.6 million in 2010, representing a 43.4 percent increase from RMB3,874.7 million in The growth was mainly due to the increase in the number of paying members on both of our marketplaces. Total revenue for Q4 was RMB1,521.5 million, up 5.0 percent compared to the previous quarter. International Marketplace Revenue from our international marketplace was RMB3,238.2 million in 2010, representing a 34.5 percent increase from RMB2,406.8 million in 2009 (Q4 2010: RMB881.1 million, up 28.2 percent from Q4 2009). The growth was primarily due to the increase in revenue from our China Gold Supplier members and VAS as well as the consolidation of revenue from Vendio Services Inc. (Vendio) and Auctiva Corporation (Auctiva). In 2010, we continued healthy growth in our international user base. As of December 31, 2010, we had 18,024,993 registered users on our international marketplace, representing a 55.7 percent growth y-o-y. The number of storefronts grew by 21.2 percent y-o-y to 1,696,905. By constantly enhancing user experience and providing a safer and more trusted e-commerce environment, we continued to reinforce our position as the world s leading online marketplace for small businesses in terms of user base. 4

5 China Gold Supplier We improved our paying members user experience on and stickiness to our platform through the introduction of more VAS. We also took voluntary action to terminate members who were found to have committed fraud or those that were suspicious in order to increase trust and safety on our platform. Against this backdrop, we net added 25,164 China Gold Supplier members during the year, bringing the total of China Gold Supplier members to 121,274. In the fourth quarter, we net added 12,702 China Gold Supplier members, representing an 11.7 percent growth q-on-q. At the end of September 2010, we announced our plan to introduce the CGS 2011 edition, priced at RMB29,800 per annum, on January 1, The CGS 2011 edition aims to improve customer experience and incorporate enhanced features into the international marketplace to enable customers to Work at Alibaba. Key changes in the new product include an upgraded customer work platform and enhanced functionality of existing features. VAS revenue contribution exceeded 25 percent of our China Gold Supplier revenue in 2010, compared with the high-teens percentage in The VAS growth was faster than what we anticipated, and VAS also helped improve our members renewal rate in recent quarters. To start Work at Alibaba on our international marketplace, we announced the acquisition of Shenzhen One-Touch Enterprise Service Limited (One-Touch) in November One-Touch is a leading provider of comprehensive export-related services tailored to the needs of small businesses in China, including, among others, customs clearance, cargo insurance, currency exchange, tax refund, and trade financing. In 2011, we plan to extend One-Touch s export-related services to our existing customer base. We expect to build significant synergies between Alibaba.com and One-Touch to enhance user experience and paying members stickiness. Global Gold Supplier and overseas expansion As of December 31, 2010, we had 10,434 Global Gold Supplier members. Although the number of Global Gold Supplier members declined in 2010, the revenue from Global Gold Supplier continued to grow and was able to compensate for the decline in customer base. Among all international markets, India, our second largest supplier market in the world, achieved significant progress in the past year, while other countries namely Japan, Korea, Turkey and Malaysia made steady progress. In the second half of 2010, we set up our own operations in four major cities in India Mumbai, Delhi, Chennai and Bangalore in order to better serve our vast Indian small business community. We now have our own direct sales and customer support in the Indian market, and we will continue to expand and localize our Indian operation in AliExpress We are pleased with the progress made by AliExpress so far in every respect. Within less than 12 months since its launch, AliExpress has achieved the highest traffic among all international online B2B transaction platforms and is now the leading player in terms of number of product categories, listed products, etc. Although the revenue contribution by AliExpress is currently not significant, and we do not see its 5

6 transaction fees as a near-term revenue driver, we believe that this segment of the e-commerce market will boom. As a means to grow the buyer base of AliExpress in major buyer markets, in 2010, we completed the acquisition of two U.S.-based e-commerce companies, Vendio and Auctiva, which provide e-commerce solutions for sellers on ebay and Amazon. The acquisitions of Vendio and Auctiva combined brought more than 250,000 online retailers with potential sourcing needs to suppliers on AliExpress. China Marketplace Revenue from our China marketplace was RMB1,893.9 million in 2010, representing a 33.9 percent increase from RMB1,414.9 million in 2009 (Q4 2010: RMB524.8 million, up 30.6 percent from Q4 2009). The growth was largely due to an increase in the number of China TrustPass members as a result of the various new business initiatives we introduced in the beginning of the year such as Ali-ADvance and Premium Placement, which led to an increase in revenue from VAS. During the year, we net added 176,338 paying members on our China marketplace, yielding 677,654 paying members as of year-end, a 35.2 percent increase compared to 501,316 as of December 31, On the VAS front, revenue from Ali- ADvance and Premium Placement continued to report healthy growth during the year. Our China marketplace achieved a significant growth in user base in Registered users increased by 7,621,619 during the year to 43,776,288 as of December 31, During the same period, the number of storefronts increased by 1,427,981 to 6,847,639. China TrustPass As of December 31, 2010, the number of our China TrustPass members reached 677,654, a net increase of 176,338 members, or 35.2 percent, from the end of The significant customer growth was accompanied by a positive trend in VAS revenue, which grew to more than 20 percent of our China TrustPass revenue in 2010, compared with the mid-teens level in We also saw increased VAS usage and penetration among China TrustPass members, particularly with Ali-ADvance and Premium Placement. By the end of 2010, more than 100,000 of our China TrustPass members were using Ali-ADvance to enjoy quality search results ranking and increase their exposure on the China marketplace. During the period, we enriched our VAS offerings for China TrustPass members and launched SaaS-based applications such as Smart Marketing Wizard and Inquiry Management to help customers manage their business. The stickiness to VAS helped reinforce our member renewal rate. Overall, our members renewal rate has been stable com In Q1 2010, we announced an overhaul of our China marketplace and the use of a new domain, 1688.com. As part of this campaign, we highlighted the new channels with online wholesale transaction features, which were added to our China marketplace in com aims to connect retailers, both online and traditional ones, to factories and suppliers directly. During 2010, we increased product categories in areas ranging from apparel to small commodities, home decoration, industrial products and raw materials. We leveraged on our synergies with Alibaba Group companies such as Taobao and Alipay to increase traffic and provide a reliable online payment process. It is encouraging to see that the traffic and transaction volume on 1688.com continued to trend up. By the end of 2010, daily transaction volume, measured by GMV, 6

7 quadrupled on 1688.com. We started to benefit from the increased traffic by monetizing it through a pay-forperformance keyword bidding system. Our priority remains to make 1688.com an easy-to-use, safe and convenient online wholesale transaction platform to establish an online B2B2C value chain in the domestic China market. Trust and Safety We have taken an unprecedented step, in terms of our policies and enforcement efforts, to foster safety and trust on our platform. New programs to help protect both buyers and suppliers fall into three areas: 1) making trade safer, 2) combating e-commerce fraud and, 3) helping the victims. First, we strengthened our dedicated teams in both our international and China marketplace operations who are charged with ensuring that Alibaba.com is a safe and trusted e-commerce platform. We took a number of initiatives to make trade safer, for instance, the introduction of escrow service for payment, the establishment of the first Business Integrity Insurance Fund on our domestic marketplace to protect buyers, and the introduction of dynamic, transparent trust profiles for suppliers. We began offering VAS such as Factory Audit on suppliers conducted by an independent third party. The factory audit reports were made available online, allowing buyers to better evaluate the trading and/or production capability of suppliers. The second focus is on combating fraud, including proactive monitoring and termination of paying members who have been reported for substantiated fraud and also those who, based on our analysis of a variety of data, are believed to have a high probability of fraud. In 2010, we significantly stepped up our efforts on this front. In particular, with respect to China Gold Supplier members, we devoted additional resources to investigating buyer complaints against them. We proactively de-listed the storefronts and terminated the accounts of fraudulent members as well as those who, based on our analysis of a variety of data, exhibited a high risk of fraud. We also set up a special task force, led by an independent non-executive director, in early 2011 to further look into our buyer complaints, internal quality control systems, sales incentive system and reporting structure in order to address the systemic nature of fraudulent problems. The task force identified 2,326 China Gold Supplier members who engaged in fraud against buyers on our international marketplace and they were terminated by Alibaba.com in 2009 and The investigation also identified that about 100 sales people as well as a number of sales supervisors and sales managers were directly responsible for either intentionally or negligently allowing the fraudsters to evade our company s authentication and verification measures and systematically establish fraudulent storefronts on the international marketplace. These employees were dismissed. Investigations are ongoing, and we will continue to evaluate and monitor the situation closely. Although this action may create short-term pressure on membership growth, we believe it is crucial for us to maintain a trustworthy environment which allows buyers and suppliers to engage in international trade with confidence. Third, we tried to help victims in fraud cases recoup their losses. In late 2009, we established the Fair Play Fund, the first program of its kind to take membership fees from Gold Supplier members whose membership got terminated for committing fraud or exhibiting a high risk of committing fraud, and use that money to offset a portion of losses suffered by buyers. If a buyer is defrauded by a Gold Supplier member, and they can adequately substantiate their claims, they can apply to receive a portion of these funds based on the amount of the transaction. 7

8 HiChina In 2010, the domain name services of HiChina remained strong and significantly contributed to HiChina s revenue. As of December 31, 2010, HiChina had about 2.1 million domain names in service and the total number of paying members for non-domain name services was around 270,800. This customer base is largely distinct from that of Alibaba.com, which presents potential synergies for long-term development. In late 2010, HiChina started to develop A-li-A-wai, an Internet infrastructure service package that helps Alibaba.com and other wholesale e-commerce users design and develop their own websites that are seamlessly connected to Alibaba.com s back-end system for efficient e-commerce management. To tap the increasing demand for corporate websites in China, in the fourth quarter of 2010, HiChina launched a new open-platform business model for website design and development as well as an online transaction platform. This new model provides advanced, efficient and automated do-it-yourself website technology while enhancing quality and standardized services for website development across the country. In addition, we saw increasing collaboration between HiChina and Alibaba Cloud Computing in the development of web-hosting services and data storage capabilities by using cloud computing technology. Ali-Loan Program The Ali-Loan program, which we introduced in 2007 in partnership with Alibaba Group and various banks to address our SME customers financing needs, continued to gain traction. As of December 31, 2010, the loans issued by our partner banks to our paying members totaled more than RMB24 billion. About RMB18 billion of these loans were outstanding as of the end of We also continued to broaden the geographical reach of the Ali-Loan program to benefit more SMEs. Totally, the program is offered in four provinces including Zhejiang, Jiangsu, Guangdong and Fujian as well as two major cities including Beijing and Shanghai. In 2011, we plan to enhance the Ali-Loan program in terms of service quality. Meanwhile, we have started to trial-monetize the Ali-Loan program by charging our paying members who borrow money from the program a service fee, which is calculated based on the size of the loan successfully granted. Financial Results Cost of revenue increased by 82.1 percent in Q compared to Q and increased to RMB931.0 million in 2010, representing a 74.2 percent increase from RMB534.4 million in Included in the cost of revenue was a share-based compensation expense of RMB26.4 million and RMB15.9 million in 2010 and 2009, respectively. Our cost of revenue increased mainly in line with our revenue growth: costs were incurred for acquiring domain names for customers of HiChina; business taxes and related surcharges as well as authentication and verification expenses increased proportionally with the growth in our customer base and revenue; bandwidth and depreciation expenses increased due to a rise in user traffic on our websites; and staff costs increased due to our business expansion. Gross profit increased to RMB4,626.6 million in 2010, up 38.5 percent from RMB3,340.3 million in Gross profit margin declined slightly to 83.2 percent in 2010, compared with 86.2 percent in The decline was primarily a result of the higher cost of revenue stemming from the consolidation of the financial results of HiChina and Vendio, which have relatively lower gross profit margins due to their different business models. 8

9 Our profit margin before interest, taxes and amortization (EBITA margin) (non-gaap) was 28.6 percent for the year, an increase from 26.9 percent in EBITA margin before share-based compensation expense (non-gaap) was 34.7 percent for the year, an increase from 32.1 percent in The increase in EBITA margin before share-based compensation expense was mainly caused by lower sales and marketing expenses as a percentage of revenue, which was partially offset by a lower gross profit margin and other operating income. Net income (profit attributable to equity owners) was RMB410.4 million in the fourth quarter of 2010, an increase of 46.0 percent over Q4 2009, and RMB1,469.5 million for full-year 2010, up 45.1 percent from The significant increase compared to the previous full-year results was due to the increase in new customers and growing economies of scale. Earnings per share, basic and diluted, were 9 Hong Kong cents for the fourth quarter, and 33 Hong Kong cents for the full year of 2010, compared to 23 Hong Kong cents (basic and diluted) for the full year of Diluted earnings per share before share-based compensation expense (non-gaap) was 41 Hong Kong cents in 2010, compared to 27 Hong Kong cents in Recurring free cash flow (non-gaap) was RMB1,187.2 million in Q4 2010, representing a 71.3 percent increase when compared with Q4 2009, and RMB2,840.8 million for the year, representing a 56.4 percent increase from The increase was mainly due to the strong increase of paying members, who prepay for their memberships, as reflected in the increase in our deferred revenue and customer advances and the strong growth in cash revenue from the sale of memberships in the fourth quarter following our announcement that we would increase the price of our China Gold Supplier membership in Cash and bank balances as of December 31, 2010 were RMB9,583.5 million, representing a 32.8 percent increase from December 31, 2009, notwithstanding a few acquisition initiatives completed in End- 9

10 About Alibaba.com Limited Alibaba.com (HKSE: 1688) (1688.HK) is the global leader in e-commerce for small businesses and the flagship company of Alibaba Group. Founded in 1999 in Hangzhou, China, Alibaba.com makes it easy for millions of buyers and suppliers around the world to do business online through three marketplaces: a global trade platform ( for importers and exporters; a Chinese platform ( for domestic trade in China; and, through an associated company, a Japanese platform ( facilitating trade to and from Japan. In addition, Alibaba.com offers a transaction-based wholesale platform on the global site ( geared for smaller buyers seeking fast shipment of small quantities of goods. Together, these marketplaces form a community of more than 61 million registered users in more than 240 countries and regions. Alibaba.com also offers business management software and Internet infrastructure services targeting businesses across China, and provides educational services to incubate enterprise management and e-commerce professionals. Alibaba.com also owns Vendio and Auctiva, leading providers of third-party e-commerce solutions for online merchants. Alibaba.com has offices in more than 70 cities across Greater China, India, Japan, Korea, Europe and the United States. For investor inquiries please contact: Lindy Lau Tel: lindylau@hk.alibaba-inc.com For media inquiries please contact: Linda Kozlowski Tel: lkozlowski@hk.alibaba-inc.com For photos and broadcast-standard video supporting this press release, please visit If you are a first-time user, please take a moment to register. If you have any questions, please journalisthelp@thenewsmarket.com. 10

11 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, RMB 000 RMB 000 Revenue International marketplace 2,406,804 3,238,243 China marketplace 1,414,897 1,893,899 Others 53, ,444 Total revenue 3,874,728 5,557,586 Cost of revenue (534,438) (931,016) Gross profit 3,340,290 4,626,570 Sales and marketing expenses (1,623,845) (2,050,561) Product development expenses (384,333) (580,173) General and administrative expenses (409,708) (568,324) Other operating income, net 150, ,026 Profit from operations 1,072,970 1,536,538 Finance income, net 140, ,398 Share of losses of associated companies and a jointly controlled entity, net of tax (37,492) (6,479) Profit before income taxes 1,176,419 1,706,457 Income tax charges (163,393) (236,445) Profit for the year 1,013,026 1,470,012 Other comprehensive income/(expense) Net fair value gains on available-for-sale investments 222 5,640 Currency translation differences 247 (21,533) Total comprehensive income 1,013,495 1,454,119 Profit for the year attributable to Equity owners of our Company 1,013,026 1,469,464 Non-controlling interests Profit for the year 1,013,026 1,470,012 Total comprehensive income attributable to Equity owners of our Company 1,013,495 1,453,571 Non-controlling interests Total comprehensive income 1,013,495 1,454,119 Dividend per share Special cash dividend (HK$) 20 cents 22 cents Earnings per share, basic (RMB) 20 cents 29 cents Earnings per share, diluted (RMB) 20 cents 29 cents Earnings per share, basic (HK$) (Note3) 23 cents 33 cents Earnings per share, diluted (HK$) (Note 3) 23 cents 33 cents Note 3: The translation of Renminbi amounts into Hong Kong dollars has been made at the rate of RMB to HK$ (2009: RMB to HK$1.0000). No representation is made that the Renminbi amounts have been, could have been or could be converted into Hong Kong dollars or vice versa, at that rate, or at any rate or at all. 11

12 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE QUARTER ENDED DECEMBER 31, 2010 Q Q Q Q RMB 000 RMB 000 RMB 000 RMB 000 Revenue International marketplace 687, , , ,103 China marketplace 402, , , ,847 Others 16, , , ,521 Total revenue 1,105,719 1,521,471 1,449,275 1,521,471 Cost of revenue (146,821) (267,401) (242,050) (267,401) Gross profit 958,898 1,254,070 1,207,225 1,254,070 Sales and marketing expenses (481,640) (560,019) (526,212) (560,019) Product development expenses (121,396) (170,269) (160,258) (170,269) General and administrative expenses (130,853) (177,878) (145,437) (177,878) Other operating income, net 41,805 31,133 20,783 31,133 Profit from operations 266, , , ,037 Finance income, net 32,854 51,779 48,392 51,779 Share of losses of associated companies and a jointly controlled entity, net of tax (7,916) (937) (1,740) (937) Profit before income taxes 291, , , ,879 Income tax charges (10,599) (16,635) (77,036) (16,635) Profit for the period 281, , , ,244 Other comprehensive income/(expense) Net fair value gains on available-for-sale investments 160 5, ,080 Currency translation differences 353 (8,833) (8,894) (8,833) Total comprehensive income for the period 281, , , ,491 Profit/(loss) attributable to Equity owners of our Company 281, , , ,440 Non-controlling interests (349) 804 Profit for the period 281, , , ,244 Total comprehensive income attributable to Equity owners of our Company 281, , , ,687 Non-controlling interests (349) 804 Total comprehensive income for the period 281, , , ,491 Dividend per share Special cash dividend (HK$) - 22 cents - 22 cents Earnings per share, basic (RMB) 6 cents 8 cents 7 cents 8 cents Earnings per share, diluted (RMB) 6 cents 8 cents 7 cents 8 cents 12

13 Earnings per share, basic (HK$) (Note 4) 6 cents 9 cents 8 cents 9 cents Earnings per share, diluted (HK$) (Note 4) 6 cents 9 cents 8 cents 9 cents Note 4: The translation of Renminbi amounts into Hong Kong dollars has been made at the rate of RMB and RMB to HK$ for the third and fourth quarter of 2010 respectively (fourth quarter of 2009: RMB to HK$1.0000). No representation is made that the Renminbi amounts have been, could have been or could be converted into Hong Kong dollars or vice versa, at that rate, or at any rate or at all. 13

14 SUPPLEMENTARY FINANCIAL INFORMATION (CONTINUED) Q Q Q Q RMB 000 RMB 000 RMB 000 RMB 000 Revenue International marketplace China Gold Supplier 669, , , ,820 Global Gold Supplier 17,943 24,283 23,059 24, , , , ,103 China marketplace China TrustPass 379, , , ,841 Other revenue (Note 5) 22,628 19,006 19,874 19, , , , ,847 Others (Note 6) 16, , , ,521 Total 1,105,719 1,521,471 1,449,275 1,521,471 Recurring free cash flow (Non-GAAP) Net cash generated from operating activities 986,360 1,212, ,562 1,212,532 Purchase of property and equipment, excluding lease prepayment and construction costs of corporate campus project (62,068) (25,305) (38,906) (25,305) One-off tax refund and others (Note 7) (231,259) - (76,766) - Total 693,033 1,187, ,890 1,187,227 Share-based compensation expense 57, , , ,939 14

15 As of December 31, 2009 As of December 31, 2010 As of September 30, 2010 As of December 31, 2010 RMB 000 RMB 000 RMB 000 RMB 000 Cash and bank balances 7,216,445 9,583,533 8,361,076 9,583,533 Deferred revenue and customer advances 3,436,975 4,434,387 3,868,937 4,434,387 Note 5: Other revenue earned with respect to our China marketplace mainly represents advertising fees paid by third party advertisers. Note 6: Other revenue mainly represents revenue earned from the sale of Internet infrastructure and application services and certain software products. Note 7: One-off tax refund and others mainly represented a cash refund of prepaid tax received. Pursuant to the New EIT Law and Guoshuihan [2008] No. 875, taxable income should be computed on an accrual basis for EIT purpose. As a result, Alibaba China changed its EIT filing basis from cash basis to accrual basis in 2009 and cash refunds of RMB76.8 million and RMB231.3 million, being tax prepaid under cash basis, were received in the third and fourth quarters of 2010 respectively. 15

Alibaba.com Announces Full Year 2008 Results. Strong performance despite global economic crisis Paying members up 41%, revenue up 39%, EPS up 31%

Alibaba.com Announces Full Year 2008 Results. Strong performance despite global economic crisis Paying members up 41%, revenue up 39%, EPS up 31% Alibaba.com Announces Full Year 2008 Results Strong performance despite global economic crisis Paying members up 41%, revenue up 39%, EPS up 31% Hong Kong, March 19, 2009 Alibaba.com Limited (HKSE:1688)

More information

Alibaba Group Announces December Quarter 2014 Results

Alibaba Group Announces December Quarter 2014 Results Alibaba Group Announces December Quarter Results Hangzhou, China, January 29, 2015 Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended December 31,. We

More information

Alibaba Group Announces March Quarter 2015 and Full Fiscal Year 2015 Results Company Also Appoints New CEO and New Member of the Board of Directors

Alibaba Group Announces March Quarter 2015 and Full Fiscal Year 2015 Results Company Also Appoints New CEO and New Member of the Board of Directors Alibaba Group Announces March Quarter 2015 and Full Fiscal Year 2015 Results Company Also Appoints New CEO and New Member of the Board of Directors Hangzhou, China, May 7, 2015 Alibaba Group Holding Limited

More information

Baidu Announces Third Quarter 2008 Results

Baidu Announces Third Quarter 2008 Results Baidu Announces Third Quarter 2008 Results BEIJING, China, October 22, 2008 Baidu.com, Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial

More information

Phoenix New Media Reports Second Quarter 2015 Unaudited Financial Results

Phoenix New Media Reports Second Quarter 2015 Unaudited Financial Results Phoenix New Media Reports Second Quarter 2015 Unaudited Financial Results 2Q15 Mobile Advertising Revenues Up 124.2% YOY Live Conference Call to be Held at 9:00 PM U.S. Eastern Time on August 11 BEIJING,

More information

Alibaba Group Announces September Quarter 2015 Results

Alibaba Group Announces September Quarter 2015 Results Alibaba Group Announces September Quarter Results Hangzhou, China, October 27, Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended September 30,. This

More information

Baidu Announces Fourth Quarter and Fiscal Year 2015 Results

Baidu Announces Fourth Quarter and Fiscal Year 2015 Results Baidu Announces Fourth Quarter and Fiscal Year 2015 Results BEIJING, China, February 25, 2016 Baidu, Inc. (NASDAQ: BIDU) ( Baidu or the Company ), the leading Chinese language Internet search provider,

More information

Tencent Announces 2014 Third Quarter Results

Tencent Announces 2014 Third Quarter Results For Immediate Release Tencent Announces 2014 Third Quarter Results Hong Kong, November 12, 2014 Tencent Holdings Limited ( Tencent or the Company, SEHK 00700), a leading provider of comprehensive Internet

More information

Baidu Announces Second Quarter 2015 Results

Baidu Announces Second Quarter 2015 Results Baidu Announces Second Quarter 2015 Results BEIJING, China, July 27, 2015 Baidu, Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial results

More information

KINGSOFT ANNOUNCES 2015 ANNUAL RESULTS * * * REVENUE REACHES A NEW RECORD HIGH KINGSOFT CLOUD ENJOYS OUTSTANDING PERFORMANCE

KINGSOFT ANNOUNCES 2015 ANNUAL RESULTS * * * REVENUE REACHES A NEW RECORD HIGH KINGSOFT CLOUD ENJOYS OUTSTANDING PERFORMANCE For Immediate Release KINGSOFT ANNOUNCES ANNUAL RESULTS * * * REVENUE REACHES A NEW RECORD HIGH KINGSOFT CLOUD ENJOYS OUTSTANDING PERFORMANCE FINANCIAL HIGHLIGHTS (RMB 000) For the 3 Months Ended Dec 31

More information

CHINA DISTANCE EDUCATION HOLDINGS LIMITED ANNOUNCES FISCAL THIRD QUARTER 2008 RESULTS

CHINA DISTANCE EDUCATION HOLDINGS LIMITED ANNOUNCES FISCAL THIRD QUARTER 2008 RESULTS FOR IMMEDIATE RELEASE CHINA DISTANCE EDUCATION HOLDINGS LIMITED ANNOUNCES FISCAL THIRD QUARTER 2008 RESULTS BEIJING, China, August 18, 2008 China Distance Education Holdings Limited (NYSE Arca: DL) ( CDEL,

More information

China Cord Blood Corporation Reports Financial Results for the First Quarter of Fiscal 2016

China Cord Blood Corporation Reports Financial Results for the First Quarter of Fiscal 2016 China Cord Blood Corporation Reports Financial Results for the First Quarter of Fiscal 2016 1Q16 Added 16,090 New Subscribers 1Q16 Revenue Up 7.8% YOY to RMB165.4 Million ($26.7 Million) 1Q16 Operating

More information

JD.com Announces Third Quarter 2014 Results

JD.com Announces Third Quarter 2014 Results JD.com Announces Third Quarter Results GMV in Q3 Increases by 111% Year-Over-Year Beijing, China---November 17, ---JD.com, Inc. ("JD.com" or the "Company") (NASDAQ: JD), China's largest online direct sales

More information

Baidu Announces First Quarter 2015 Results

Baidu Announces First Quarter 2015 Results Baidu Announces First Quarter 2015 Results BEIJING, China, April 29, 2015 Baidu, Inc. (NASDAQ: BIDU) ( Baidu or the Company ), the leading Chinese language Internet search provider, today announced its

More information

Baidu Announces Second Quarter 2014 Results

Baidu Announces Second Quarter 2014 Results Baidu Announces Second Quarter 2014 Results BEIJING, China, July 24, 2014 Baidu, Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial results

More information

Baidu Announces Fourth Quarter and Fiscal Year 2011 Results

Baidu Announces Fourth Quarter and Fiscal Year 2011 Results Baidu Announces Fourth Quarter and Fiscal Year 2011 Results BEIJING, China, February 16, 2012 Baidu, Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced its unaudited

More information

TENCENT ANNOUNCES 2015 FIRST QUARTER RESULTS

TENCENT ANNOUNCES 2015 FIRST QUARTER RESULTS For Immediate Release TENCENT ANNOUNCES 2015 FIRST QUARTER RESULTS Hong Kong, May 13, 2015 Tencent Holdings Limited ( Tencent or the Company, SEHK 00700), a leading provider of Internet services in China,

More information

Charlene Hamrah (Investment Community) (212) 770-7074 Joe Norton (News Media) (212) 770-3144

Charlene Hamrah (Investment Community) (212) 770-7074 Joe Norton (News Media) (212) 770-3144 Contact: Charlene Hamrah (Investment Community) (212) 770-7074 Joe Norton (News Media) (212) 770-3144 AIG REPORTS FIRST QUARTER 2006 NET INCOME OF $3.20 BILLION NEW YORK, NY, May 10, 2006 American International

More information

Alibaba Group Announces March Quarter 2016 and Full Fiscal Year 2016 Results

Alibaba Group Announces March Quarter 2016 and Full Fiscal Year 2016 Results Alibaba Group Announces March Quarter 2016 and Full Fiscal Year 2016 Results Hangzhou, China, May 5, 2016 Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter

More information

China Distance Education Holdings Limited Reports First Quarter Fiscal Year 2016 Financial Results

China Distance Education Holdings Limited Reports First Quarter Fiscal Year 2016 Financial Results China Distance Education Holdings Limited Reports First Quarter Fiscal Year 2016 Financial Results - Revenue Up 13.5% Year-Over-Year to $24.4 Million, Exceeding Guidance - Cash Receipts From Online Course

More information

TENCENT ANNOUNCES 2014 FOURTH QUARTER AND ANNUAL RESULTS

TENCENT ANNOUNCES 2014 FOURTH QUARTER AND ANNUAL RESULTS For Immediate Release TENCENT ANNOUNCES 2014 FOURTH QUARTER AND ANNUAL RESULTS Hong Kong, March 18, 2015 Tencent Holdings Limited ( Tencent or the Company, SEHK 00700), a leading provider of comprehensive

More information

ANNUAL REPORT FOR THE 2011/12 FINANCIAL YEAR

ANNUAL REPORT FOR THE 2011/12 FINANCIAL YEAR ANNUAL REPORT FOR THE 20 FINANCIAL YEAR 15 August 2012 1 AGENDA THE FULL YEAR AND FOURTH QUARTER HIGHLIGHTS Tue Mantoni, CEO THE FINANCIAL RESULT FOR THE FOURTH QUARTER OF 20 Henning Bejer Beck, CFO THE

More information

China Cord Blood Corporation Reports Financial Results for the Fourth Quarter and Full Year Fiscal 2010

China Cord Blood Corporation Reports Financial Results for the Fourth Quarter and Full Year Fiscal 2010 China Cord Blood Corporation Reports Financial Results for the Fourth Quarter and Full Year Fiscal 2010 Annual Revenue up 34.4% to RMB 261.5 Million Fiscal 2010 New Subscribers grew 30.5% Conference Call

More information

GAAP quarterly net income of $1.9 billion or $0.80 per share including non-cash, non-operating

GAAP quarterly net income of $1.9 billion or $0.80 per share including non-cash, non-operating Visa Inc. Reports Fiscal First Quarter 2016 Results GAAP quarterly net income of $1.9 billion or $0.80 per share including non-cash, non-operating income related to the revaluation of the Visa Europe put

More information

Alibaba Group Announces December Quarter 2015 Results

Alibaba Group Announces December Quarter 2015 Results Alibaba Group Announces December Quarter Results Hangzhou, China, January 28, 2016 Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended December 31,. Alibaba

More information

file:///f:/baidu Announces Fourth Quarter and Fiscal Year 2010 Results.htm

file:///f:/baidu Announces Fourth Quarter and Fiscal Year 2010 Results.htm file:///f:/baidu Announces Fourth Quarter and Fiscal Year.htm 1 of 5 2/1/2011 1:53 PM Baidu Announces Fourth Quarter and Fiscal Year BEIJING, Jan. 31, 2011 /PRNewswire-Asia/ -- (NASDAQ: BIDU), the leading

More information

of Non-GAAP Financial Measures below. 1 For more information about the non-gaap financial measures contained in this press release, please see Use

of Non-GAAP Financial Measures below. 1 For more information about the non-gaap financial measures contained in this press release, please see Use China Distance Education Holdings Limited Reports Financial Results for the First Quarter of Fiscal 2015, and Announces Changes in Management Revenue Up 14.9% Year-over-year to $21.5 Million, Exceeding

More information

Summary of Consolidated Financial Statements for the First Quarter of Fiscal Year Ending December 31, 2016 (Japanese GAAP)

Summary of Consolidated Financial Statements for the First Quarter of Fiscal Year Ending December 31, 2016 (Japanese GAAP) This document is a translation of the Japanese financial statements and is not in conformity with accounting principles of the United States. Summary of Consolidated Financial Statements for the First

More information

March 10, 2011 Company name:

March 10, 2011 Company name: Second Quarter Financial Results For the Six Months Ended January 31, 2011-[Japanese Standards]Consolidated March 10, 2011 Company name: Dr. Ci:Labo Co., Ltd. Shares listed on: The First Section of the

More information

Summary of Financial Statements (J-GAAP) (Consolidated)

Summary of Financial Statements (J-GAAP) (Consolidated) Summary of Financial Statements (J-GAAP) (Consolidated) February 10, 2016 Company Name: Sodick Co., Ltd. Stock Exchange: Tokyo Stock Exchange, 1st Section Code Number: 6143 URL: http://www.sodick.co.jp

More information

CHINA MOBILE LIMITED ANNUAL REPORT 2011. Business Review

CHINA MOBILE LIMITED ANNUAL REPORT 2011. Business Review 20 CHINA MOBILE LIMITED ANNUAL REPORT CHINA MOBILE LIMITED ANNUAL REPORT 21 In, the Group faced increasing penetration and intensifying competition in the traditional telecommunications market. Challenges

More information

Fiscal Responsibilities of a Pharmaceutical Division

Fiscal Responsibilities of a Pharmaceutical Division Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE O-I REPORTS FULL YEAR AND FOURTH QUARTER 2014 RESULTS O-I generates second highest free cash flow in the Company s history PERRYSBURG, Ohio (February 2, 2015) Owens-Illinois, Inc.

More information

WuXi PharmaTech Announces Second-Quarter 2014 Results

WuXi PharmaTech Announces Second-Quarter 2014 Results WuXi PharmaTech Announces Second-Quarter 2014 Results SHANGHAI, August 13, 2014 /Xinhua-PRNewswire/ -- WuXi PharmaTech (Cayman) Inc. (NYSE: WX), a leading research and development services company serving

More information

Kyoritsu Maintenance Co., Ltd. (Securities Code: 9616) First Half of Fiscal Year Ending March 2016 Consolidated Earnings Results Update

Kyoritsu Maintenance Co., Ltd. (Securities Code: 9616) First Half of Fiscal Year Ending March 2016 Consolidated Earnings Results Update Kyoritsu Maintenance Co., Ltd. (Securities Code: 9616) First Half of Fiscal Year Ending March 2016 Consolidated Earnings Results Update November 2015 1 First Half of Fiscal Year Ending March 2016 Consolidated

More information

Tian Ge Interactive Holdings Limited

Tian Ge Interactive Holdings Limited Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

China Cord Blood Corporation Reports Financial Results for the Second Quarter and First Half of Fiscal 2016

China Cord Blood Corporation Reports Financial Results for the Second Quarter and First Half of Fiscal 2016 China Cord Blood Corporation Reports Financial Results for the Second Quarter and First Half of Fiscal 2016 2Q16 Added 16,744 New Subscribers 2Q16 Revenue Up 12.7% YOY to RMB171.5 Million ($27.0 Million)

More information

Comba Telecom Systems annual report 2003

Comba Telecom Systems annual report 2003 8 Comba Telecom Systems annual report Business Review Turnover of the Group for the year ended 31 December was HK$806,232,000, representing an increase of approximately 39.4% from the previous year. This

More information

Tower International Reports Solid Third Quarter And Raises Full Year Outlook

Tower International Reports Solid Third Quarter And Raises Full Year Outlook FOR IMMEDIATE RELEASE Tower International Reports Solid Third Quarter And Raises Full Year Outlook LIVONIA, Mich., November 3, 2011 Tower International, Inc. [NYSE: TOWR], a leading integrated global manufacturer

More information

Management s Discussion and Analysis

Management s Discussion and Analysis Management s Discussion and Analysis 6 Financial Policy Sysmex regards increasing its market capitalization to maximize corporate value an important management objective and pays careful attention to stable

More information

Consolidated Financial Results (Japanese Accounting Standards) for the First Half of the Fiscal Year Ending February 28, 2013

Consolidated Financial Results (Japanese Accounting Standards) for the First Half of the Fiscal Year Ending February 28, 2013 Consolidated Financial Results (Japanese Accounting Standards) for the First Half of the Fiscal Year Ending February 28, 2013 September 27, 2012 Company name Aeon Mall Co., Ltd. Listings The First Section

More information

September Quarter 2014 Results

September Quarter 2014 Results September Quarter Results November 4, Disclaimer This presentation contains forward-looking statements. These statements are made under the safe harbor provisions of the U.S. Private Securities Litigation

More information

Monster Worldwide Reports Third Quarter 2015 Results

Monster Worldwide Reports Third Quarter 2015 Results Monster Worldwide Reports Third Quarter 2015 Results Third Quarter Financial Highlights: o Company Exceeds Expectations on All Profitability Metrics For the 5th Consecutive Quarter Adjusted EBITDA Including

More information

Consolidated Earnings Report for the Second Quarter of Fiscal 2011 [Japanese GAAP]

Consolidated Earnings Report for the Second Quarter of Fiscal 2011 [Japanese GAAP] Consolidated Earnings Report for the Second Quarter of Fiscal 2011 [Japanese GAAP] October 27, 2010 Company Name: KOITO MANUFACTURING CO., LTD. Stock Listing: First Section, Tokyo Stock Exchange Code Number:

More information

RICOH Presentation of consolidated results for the 3rd quarter of FY2013/03

RICOH Presentation of consolidated results for the 3rd quarter of FY2013/03 This document is prepared for reference purposes for investors. It represents the essence of a presentation of consolidated results for the 3rd quarter of FY2013/03. It is not a verbatim record.

More information

asset securitizations

asset securitizations lakyara Alibaba Microfinance's asset securitizations Wu Tianjing 18. October. 2013 Executive Summary Wu Tianjing Researcher Nomura Research Institute (Beijing), Ltd. Asset securitization is garnering renewed

More information

Consolidated Financial Review for the Second Quarter Ended September 30, 2014

Consolidated Financial Review for the Second Quarter Ended September 30, 2014 Consolidated Financial Review for the Second Quarter Ended September 30, 2014 TOKYO ELECTRON Oct 29, 2014 Company name: Tokyo Electron Limited URL: http://www.tel.com Telephone number: (03) 5561-7000 Stock

More information

N E W S R E L E A S E

N E W S R E L E A S E N E W S R E L E A S E Investors: Brett Manderfeld John Penshorn Media: Don Nathan Tyler Mason Vice President Senior Vice President Senior Vice President Vice President 952-936-7216 952-936-7214 952-936-1885

More information

O2 Czech Republic January to September 2014 Financial Results

O2 Czech Republic January to September 2014 Financial Results Interim report O2 Czech Republic January to September 2014 Financial Results November 12, 2014 O2 Czech Republic a. s. announces its unaudited financial results for January to September 2014. These results

More information

Weiqiao Textile Announces its 2015 Interim Results

Weiqiao Textile Announces its 2015 Interim Results Weiqiao Textile Announces its 2015 Interim Results Seize new opportunities in new normal development phase Continued leadership against the backdrop of industry changes Financial Summary Revenue was approximately

More information

TENCENT ANNOUNCES 2006 FOURTH QUARTER AND ANNUAL RESULTS Martin Lau Appointed As Executive Director

TENCENT ANNOUNCES 2006 FOURTH QUARTER AND ANNUAL RESULTS Martin Lau Appointed As Executive Director For Immediate Release TENCENT ANNOUNCES 2006 FOURTH QUARTER AND ANNUAL RESULTS Martin Lau Appointed As Executive Director Hong Kong, March 21, 2007 Tencent Holdings Limited ( Tencent or the Company, SEHK

More information

Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2009

Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2009 Member of Financial Accounting Standards Foundation Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2009 Name of Listed Company: Arisawa Mfg. Co., Ltd. Listed on the 1st Section

More information

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 For Immediate Release Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 ken.bond@oracle.com deborah.hellinger@oracle.com CLOUD

More information

SUMMARY. Capitalised terms are defined in the section headed Definitions.

SUMMARY. Capitalised terms are defined in the section headed Definitions. This summary aims to give you an overview of the information contained in this prospectus. As this is a summary, it does not contain all the information that may be important to you. You should read the

More information

ANNOUNCEMENT OF THE RESULTS FOR THE THREE AND NINE MONTHS ENDED 30 SEPTEMBER 2011

ANNOUNCEMENT OF THE RESULTS FOR THE THREE AND NINE MONTHS ENDED 30 SEPTEMBER 2011 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

Performance Food Group Company Reports First-Quarter Fiscal 2016 Earnings

Performance Food Group Company Reports First-Quarter Fiscal 2016 Earnings NEWS RELEASE For Immediate Release November 4, 2015 Investors: Michael D. Neese VP, Investor Relations (804) 287-8126 michael.neese@pfgc.com Media: Joe Vagi Manager, Corporate Communications (804) 484-7737

More information

FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.

FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3. FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.00 Fiscal Year 2014 Net Sales Increase 8% to $3.510 Billion;

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ANNUAL REPORT

More information

Boyaa Interactive International Limited

Boyaa Interactive International Limited Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

Management Discussion and Analysis

Management Discussion and Analysis ANNUAL REPORT 2005 5 BUSINESS REVIEW Jolimark Brand Business Having received many awards, Jolimark is a widely recognized brand in the PRC. It is the biggest domestic dot matrix printer brand. Jolimark

More information

King Reports First Quarter 2014 Results

King Reports First Quarter 2014 Results King Reports First Quarter 2014 Results Generates record quarterly mobile gross bookings of $480 million in Q1-14 Adjusted EBITDA more than triples year over year to $249 million in Q1-14 Extends reach

More information

K3 Business Technology Group plc. Unaudited Half Yearly Report for the six months to 31 December 2014

K3 Business Technology Group plc. Unaudited Half Yearly Report for the six months to 31 December 2014 K3 Business Technology Group plc Unaudited Half Yearly Report for the six months to 31 December 2014 World World Class Class Software. Software. World World Class Class Service. Service. K3 Business Technology

More information

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 For Immediate Release Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 ken.bond@oracle.com deborah.hellinger@oracle.com ORACLE

More information

The ReThink Group plc ( ReThink Group or the Group ) Unaudited Interim Results. Profits double as strategy delivers continued improved performance

The ReThink Group plc ( ReThink Group or the Group ) Unaudited Interim Results. Profits double as strategy delivers continued improved performance The ReThink Group plc ( ReThink Group or the Group ) Unaudited Interim Results Profits double as strategy delivers continued improved performance The Group (AIM: RTG), one of the UK s leading recruitment

More information

Reliable Partnerships

Reliable Partnerships The Inside Stories Domestic E-Commerce Business Reliable Partnerships Our domestic e-commerce business has successfully won over merchants and consumers. 10 The Market Leader in Domestic E-Commerce Services

More information

Summary of Consolidated Financial Statements for the Second Quarter of Fiscal Year Ending March 31, 2012 (Japanese GAAP)

Summary of Consolidated Financial Statements for the Second Quarter of Fiscal Year Ending March 31, 2012 (Japanese GAAP) This document is a translation of the Japanese financial statements and is not in conformity with accounting principles of the United States. Summary of Consolidated Financial Statements for the Second

More information

Looking back on 2014, we:

Looking back on 2014, we: Aetna Inc. Fourth Quarter 2014 Earnings Conference Call Hartford, CT Tuesday February 3, 2015, 8:00 A.M. ET Prepared Remarks Tom Cowhey, Vice President Investor Relations Good morning and thank you for

More information

Financial Overview INCOME STATEMENT ANALYSIS

Financial Overview INCOME STATEMENT ANALYSIS In the first half of 2006, China s economy experienced steady and swift growth as evidenced by a 10.9% surge in GDP. In order to prevent the economy from getting overheated and to curb excess credit extension,

More information

Operating Data (First Half of Fiscal Year 2012) Operating Data (Trends by Quarter) Results by Segment 1.3

Operating Data (First Half of Fiscal Year 2012) Operating Data (Trends by Quarter) Results by Segment 1.3 Operating Data (First Half of Fiscal Year 212) Intensified cardholder sign-up efforts and joint planning with affiliated merchants drove steady growth in transaction ti volume (increase of 12% YoY). Y)

More information

Herzogenaurach, Germany, July 27, 2004 PUMA AG announces its consolidated nd

Herzogenaurach, Germany, July 27, 2004 PUMA AG announces its consolidated nd P Quarter P Half-Year For immediate release MEDIA CONTACT: INVESTOR CONTACT: U.S.A.: Lisa Beachy, Tel. +1 617 488 2945 Europe: Ulf Santjer, Tel. +49 9132 81 2489 Dieter Bock, Tel. +49 9132 81 2261 Herzogenaurach,

More information

IIJ Announces First Six Months Financial Results for the Fiscal Year Ending March 31, 2013

IIJ Announces First Six Months Financial Results for the Fiscal Year Ending March 31, 2013 For Immediate Release Internet Initiative Japan Inc. E-mail: ir@iij.ad.jp Tel: +81-3-5259-6500 URL: http://www.iij.ad.jp/en/ir IIJ Announces First Six Months Financial Results for the Fiscal Year Ending

More information

RECURRING PROFIT UP 64.3% TO US$126.5 MILLION PROFIT ATTRIBUTABLE TO EQUITY HOLDERS DECLINED BY 47.5% TO US$158

RECURRING PROFIT UP 64.3% TO US$126.5 MILLION PROFIT ATTRIBUTABLE TO EQUITY HOLDERS DECLINED BY 47.5% TO US$158 RECURRING PROFIT UP 64.3% TO US$126.5 MILLION PROFIT ATTRIBUTABLE TO EQUITY HOLDERS DECLINED BY 47.3% DUE TO LOWER EXCEPTIONAL GAINS CONTRIBUTION FROM OPERATIONS INCREASES 53.5% TO US$158.6 MILLION PLDT

More information

T-Mobile USA Reports Third Quarter 2012 Financial Results Net Customer Growth in the Third Quarter; Continued Year-on-Year Churn Improvements

T-Mobile USA Reports Third Quarter 2012 Financial Results Net Customer Growth in the Third Quarter; Continued Year-on-Year Churn Improvements Reports Third Quarter Financial Results Net Customer Growth in the Third Quarter; Continued Year-on-Year Churn Improvements BELLEVUE, Wash., November 8, --, Inc. ( T-Mobile ) today reported its third quarter

More information

W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9

W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9 W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9 News Release GRAINGER REPORTS RESULTS FOR THE 2015 FIRST QUARTER Revises 2015 Guidance Quarterly Summary Sales of $2.4 billion, up 2 percent Operating

More information

Change (%) Six months ended June 30, 2013 Six months ended June 30, 2012. Operating income ( million) Change (%) 24.6 133.1.

Change (%) Six months ended June 30, 2013 Six months ended June 30, 2012. Operating income ( million) Change (%) 24.6 133.1. Consolidated Financial Statements for the First Half of 2013 These financial statements have been prepared for reference only in accordance with accounting principles and practices generally accepted in

More information

Thomas A. Bessant, Jr. (817) 335-1100

Thomas A. Bessant, Jr. (817) 335-1100 Additional Information: Thomas A. Bessant, Jr. (817) 335-1100 For Immediate Release ********************************************************************************** CASH AMERICA FIRST QUARTER NET INCOME

More information

Staples, Inc. Announces First Quarter 2016 Performance

Staples, Inc. Announces First Quarter 2016 Performance Media Contact: Mark Cautela 508-253-3832 Investor Contact: Chris Powers/Scott Tilghman 508-253-4632/1487 Staples, Inc. Announces First Quarter 2016 Performance FRAMINGHAM, Mass., May 18, 2016 Staples,

More information

Consolidated Settlement of Accounts for the First 3 Quarters Ended December 31, 2011 [Japanese Standards]

Consolidated Settlement of Accounts for the First 3 Quarters Ended December 31, 2011 [Japanese Standards] The figures for these Financial Statements are prepared in accordance with the accounting principles based on Japanese law. Accordingly, they do not necessarily match the figures in the Annual Report issued

More information

GAP INC. REPORTS THIRD QUARTER RESULTS

GAP INC. REPORTS THIRD QUARTER RESULTS GAP INC. REPORTS THIRD QUARTER RESULTS SAN FRANCISCO November 19, 2015 Gap Inc. (NYSE: GPS) today reported results for the third quarter of fiscal year 2015 and updated its full-year fiscal 2015 outlook.

More information

Market Leader(R) Grows Q3 Revenue With SaaS-Based Vision Products

Market Leader(R) Grows Q3 Revenue With SaaS-Based Vision Products Market Leader(R) Grows Q3 Revenue With SaaS-Based Vision Products Company Release - 10/28/2010 16:00 Double Digit Revenue Growth Projected for the Coming Quarter KIRKLAND, WA -- (MARKET WIRE) -- 10/28/10

More information

Thomas A. Bessant, Jr. (817) 335-1100

Thomas A. Bessant, Jr. (817) 335-1100 Additional Information: Thomas A. Bessant, Jr. (817) 335-1100 For Immediate Release ********************************************************************************** CASH AMERICA FIRST QUARTER NET INCOME

More information

CHINA LIFE INSURANCE COMPANY LIMITED ANNOUNCES 2012 ANNUAL RESULTS (H SHARE)

CHINA LIFE INSURANCE COMPANY LIMITED ANNOUNCES 2012 ANNUAL RESULTS (H SHARE) Press Release For Immediate Release CHINA LIFE INSURANCE COMPANY LIMITED ANNOUNCES 2012 ANNUAL RESULTS (H SHARE) HONG KONG, 27 March 2013 China Life Insurance Company Limited (SSE: 601628, SEHK: 2628,

More information

January 27, 2016 Consolidated Financial Results for the First Nine Months of the Fiscal Year Ending March 31, 2016 <under Japanese GAAP>

January 27, 2016 Consolidated Financial Results for the First Nine Months of the Fiscal Year Ending March 31, 2016 <under Japanese GAAP> Translation January 27, 2016 Consolidated Financial Results for the First Nine Months of the Fiscal Year Ending March 31, 2016 Company name: Alpine Electronics, Inc. Listing: First

More information

CANON REPORTS RESULTS FOR FISCAL 1999

CANON REPORTS RESULTS FOR FISCAL 1999 February 14, 2000 CANON REPORTS RESULTS FOR FISCAL 1999 1. CONSOLIDATED RESULTS Millions of yen (except per share amounts) Actual Projected 1999 1998 Change(%) 2000 Change(%) Net sales 2,622,265 2,826,269-7.2

More information

Convenience Retail Asia Interim Profit impacted by rising costs and investment expenses despite growth in turnover

Convenience Retail Asia Interim Profit impacted by rising costs and investment expenses despite growth in turnover For immediate release Convenience Retail Asia Interim Profit impacted by rising costs and investment expenses despite growth in turnover Turnover and comparable store sales up despite difficult retail

More information

FY2013 full-year financial results We had 1,003.6 billion in net sales, an increase of 152.3 billion year-over-year. In fact, net sales rebounded

FY2013 full-year financial results We had 1,003.6 billion in net sales, an increase of 152.3 billion year-over-year. In fact, net sales rebounded 0 1 2 FY2013 full-year financial results We had 1,003.6 billion in net sales, an increase of 152.3 billion year-over-year. In fact, net sales rebounded past the 1,000 billion yen mark for the first time

More information

Consolidated Results for the First Quarter of the Fiscal Year Ending March 20, 2016

Consolidated Results for the First Quarter of the Fiscal Year Ending March 20, 2016 Consolidated Results for the First Quarter of the Fiscal Year Ending March 20, 2016 [Japan GAAP] July 21, 2015 Listed company name: YASKAWA Electric Corporation http://www.yaskawa.co.jp/en/ Representative:

More information

King Reports Second Quarter 2014 Results, Announces $150 Million Special Dividend

King Reports Second Quarter 2014 Results, Announces $150 Million Special Dividend King Reports Second Quarter 2014 Results, Announces $150 Million Special Dividend - Generates $154 million of cash and $248 million of adjusted EBITDA; Reports fourth consecutive quarter with adjusted

More information

Half Year Financial Statement And Announcement for the Period Ended 31/12/2010

Half Year Financial Statement And Announcement for the Period Ended 31/12/2010 AUSSINO GROUP LTD Company Registration No.: 199100323H Half Year Financial Statement And Announcement for the Period Ended 31/12/2010 PART I - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2

More information

China Distance Education Holdings Limited Reports Financial Results for the First Quarter of Fiscal 2014

China Distance Education Holdings Limited Reports Financial Results for the First Quarter of Fiscal 2014 China Distance Education Holdings Limited Reports Financial Results for the First Quarter of Fiscal 2014 Revenue Up 43.7% Year-over-year to $18.7 Million Net Income Up 131.9% Year-over-year to $3.4 Million

More information

of Fiscal 2006 (Consolidated)

of Fiscal 2006 (Consolidated) Outline of Financial Results for the 3rd Quarter of Fiscal 2006 (Consolidated) Feb.3, 2006 For Immediate Release Company Name (URL http://www.fhi.co./jp/fina/index.html ) : Fuji Heavy Industries Ltd. (Code

More information

Burke Annual Report. iscal Year and Accomplishments

Burke Annual Report. iscal Year and Accomplishments Burke Annual Report F iscal Year and Accomplishments This fiscal year was truly a foundation-building year for Burke Properties, Inc. Fueled by a continued strong economy and robust commercial real estate

More information

GrandVision reports Revenue growth of 13.8% and EPS growth of 31.7%

GrandVision reports Revenue growth of 13.8% and EPS growth of 31.7% GrandVision reports Revenue of 13.8% and EPS of 31.7% Schiphol, the Netherlands 16 March 2015. GrandVision NV (EURONEXT: GVNV) publishes Full Year and Fourth Quarter 2015 results. 2015 Highlights Revenue

More information

HOPKINTON, Mass., April 24, 2013 - HIGHLIGHTS:

HOPKINTON, Mass., April 24, 2013 - HIGHLIGHTS: HOPKINTON, Mass., April 24, 2013 - HIGHLIGHTS: Record first-quarter revenue, non-gaap net income, non-gaap EPS, operating cash flow and free cash flow Year-over-year revenue growth across U.S. and major

More information

ASMPT ANNOUNCES 2013 INTERIM RESULTS * * * Net Profits Surged 28 Times Over The First Quarter

ASMPT ANNOUNCES 2013 INTERIM RESULTS * * * Net Profits Surged 28 Times Over The First Quarter [For Immediate Release] ASMPT ANNOUNCES 2013 INTERIM RESULTS * * * Net Profits Surged 28 Times Over The First Quarter Highlights Second Quarter of 2013 Group turnover of US$367.1 million, a significant

More information

LENOVO 1 ST QUARTER FY15-16: TOUGH MARKETS, SOLID RESULTS

LENOVO 1 ST QUARTER FY15-16: TOUGH MARKETS, SOLID RESULTS LENOVO 1 ST QUARTER FY15-16: TOUGH MARKETS, SOLID RESULTS Decisive actions being taken to meet challenges and accelerate business transformation Revenue was US$10.7 billion, up 3 percent; excluding foreign

More information

Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2016 (Japan GAAP)

Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2016 (Japan GAAP) Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2016 (Japan GAAP) Name of Listed Company: Yokogawa Electric Corporation (the Company herein) Stock Exchanges Where

More information

GAP INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS

GAP INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS GAP INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS Fourth Quarter 2014 Earnings Per Share Grew 10 Percent; Up 20 Percent Excluding Foreign Exchange Impact Fiscal Year 2014 Earnings Per Share

More information

Intel Reports Second-Quarter Results

Intel Reports Second-Quarter Results Intel Corporation 2200 Mission College Blvd. Santa Clara, CA 95054-1549 CONTACTS: Mark Henninger Amy Kircos Investor Relations Media Relations 408-653-9944 480-552-8803 mark.h.henninger@intel.com amy.kircos@intel.com

More information

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 For Immediate Release Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 ken.bond@oracle.com deborah.hellinger@oracle.com ORACLE

More information