SAN FRANCISCO at 5 o’clock on the August 25 message, the ninth city (Nasdaq: NCTY) announced today that as of March 31 in the first quarter of fiscal year 2010 and ending June 30 of the 2010 fiscal year unaudited second quarter financial results. The report shows that Ninetowns first quarter net loss of 75.8 million yuan (about 11.2 million U.S. dollars), the second-quarter net loss of 65.8 million yuan (about 9.7 million U.S. dollars).
Ninetowns first quarter net revenues of 22.1 million yuan (about 3.3 million U.S. dollars), up 6% sequentially, down 95% year on year; net loss of 75.8 million yuan (about combined 11.2 million U.S. dollars),online jewelry stores, the previous quarter net loss of 205.5 million yuan (about 30.3 million U.S. dollars) fell 63% over last year’s net loss of 46.8 million yuan (about 6.9 million U.S. dollars) increased 62%. Ninetowns Net revenues for the second quarter of 25.4 million yuan (about 3.7 million U.S. dollars), up 15% sequentially, down 91% year on year; net loss of 65.8 million yuan (about 9.7 million U.S. dollars), compared the previous quarter’s net loss of 75.8 million yuan (about 11.2 million U.S. dollars) fell 13% over last year’s net loss of 79.2 million yuan (about 11.7 million U.S. dollars) fell 17%.
the first quarter of the main results:
– Ninetowns first quarter net revenues of 22.1 million yuan (about 3.3 million U.S. dollars), up 6% sequentially, year fell 95%;
– Ninetowns first quarter net loss of 75.8 million yuan (about 11.2 million U.S. dollars), the previous quarter net loss of 205.5 million yuan (about 30.3 million U.S. dollars ) fell 63% over last year’s net loss of 46.8 million yuan (about 6.9 million U.S. dollars) increased 62%;
– not in accordance with U.S. GAAP basis, first quarter adjusted net NINETOWNS loss of 52.7 million yuan (about 7.8 million U.S. dollars), the previous quarter adjusted net loss of 188.3 million yuan (about 27.8 million U.S. dollars), compared to adjusted net profit 48.3 million yuan (about 7.1 million dollars);
– Ninetowns in the first quarter fully diluted loss per share (Each ADS represents one ordinary share) was 3.02 yuan (about 0.44 U.S. dollars), the previous quarter 8.18 yuan (about 1.21 U.S. dollars), compared to 1.78 yuan (about 0.26 U.S. dollars). Not in accordance with U.S. GAAP basis,sunglass hut, first quarter adjusted Ninetowns fully diluted loss per share was 2.10 yuan (about 0.31 U.S. dollars), the previous quarter adjusted loss per share fully diluted for the 7.5 yuan (about 1.11 U.S. dollars ),cheap mlb baseball jerseys, last year fully diluted earnings per share adjusted to 1.84 yuan (about 0.27 U.S. dollars).
the second quarter of the main results:
– Ninetowns second quarter net revenues of 25.4 million yuan (about 3.7 million U.S. dollars), up 15% sequentially, year fell 91%;
– Ninetowns Net loss for the second quarter of 65.8 million yuan (about 9.7 million U.S. dollars), the previous quarter net loss of 75.8 million yuan (about 11.2 million U.S. dollars ) fell 13% over last year’s net loss of 79.2 million yuan (about 11.7 million U.S. dollars) fell 17%;
not in accordance with U.S. GAAP, Ninetowns second quarter adjusted net loss to 48.8 million yuan (about 7.2 million U.S. dollars), the previous quarter adjusted net loss of 52.7 million yuan (about 7.8 million U.S. dollars), compared to adjusted net profit 3.1 million yuan (about 500,000 U.S. dollars );
– Ninetowns the second quarter, fully diluted loss per share (Each ADS represents one ordinary share) was 2.62 yuan (about 0.39 U.S. dollars), the previous quarter to RMB 3.02 yuan (about 0.44 U.S. dollars), compared to 3.15 yuan (about 0.46 U.S. dollars). Not in accordance with U.S. GAAP basis, second quarter adjusted Ninetowns fully diluted loss per share was 1.94 yuan (about 0.29 U.S. dollars), the previous quarter adjusted fully diluted loss per share 2.10 yuan (about 0.31 U.S. dollars ), last year fully diluted earnings per share adjusted to 0.12 yuan (about 0.02 U.S. dollars).
the first quarter of financial analysis:
Ninetowns total net revenues for the first quarter of 22.1 million yuan (about 3.3 million U.S. dollars), RMB 20.9 million the previous quarter yuan (about 3.1 million U.S. dollars) grew 6% over last year’s 426.2 million yuan (about 62.8 million U.S. dollars) fell 95%. Ninetowns total net revenues for the chain growth was mainly due to \June expiration.
Ninetowns first quarter gross margin was 1.7 million yuan (about 300,000 U.S. dollars), the previous quarter loss of 76 million yuan gross (about 11.2 million U.S. dollars), gross profit for the same period last year 67.9 million yuan (about 10 million U.S. dollars). Ninetowns hair loss in the fourth quarter, mainly due to the quarter included a gain related to a specific game total of 61.3 million yuan (about 9 million U.S. dollars) in prepaid royalties and withholding tax of impairment, and the first a quarter of such costs are not included. Ninetowns year decline in gross profit was mainly due to \
Ninetowns first quarter operating expenses totaled 80.7 million yuan (about 11.9 million U.S. dollars), the previous quarter’s 144.2 million yuan (about 21.3 million U.S. dollars) fell 44% over last year of 125.1 million yuan (about 18.4 million U.S. dollars) fell 36%. Ninetowns operating expenses of the chain down, mainly due to decline in staff costs, as well as in the previous quarter included a charge related to a specific game servers and prepaid license fees of impairment, is not included in the first quarter of such impairment. Ninetowns year decline in operating expenses was mainly due to staff costs as well as \
Ninetowns first quarter non-cash stock compensation expense was 11.9 million yuan (about 1.7 million U.S. dollars), the last quarter of 13.9 million yuan (about 2 million U.S. dollars),swarovski fashion jewelry, compared with RMB 15.7 million yuan (about 2.3 million U.S. dollars).
Ninetowns interest income for the first quarter of 6.4 million yuan (about 900,000 U.S. dollars), the last quarter of 7.4 million yuan (about 1.1 million U.S. dollars), compared to 9 million yuan last year (about 1.3 million U.S. dollars). Ninetowns interest income fell, mainly due to reduced cash balances.
Ninetowns other expenditures for the first quarter of 2.2 million yuan (about 300,000 U.S. dollars), the previous quarter, other income of 6.1 million yuan (about 900,000 U.S. dollars), compared with other expenditures 400,cheap ghd straighteners,000 yuan (about 60,000 U.S. dollars). Ninetowns Other expenses (income) of the chain changes, mainly due to last year’s fourth quarter included a government grant in the first quarter did not take account of such benefits. Ninetowns other expenses rose, mainly due to exchange losses.
Ninetowns first quarter net loss of 75.8 million yuan (about 11.2 million U.S. dollars), the previous quarter net loss of 205.5 million yuan (about 30.3 million U.S. dollars) fell 63%, compared same period last year net loss of 46.8 million yuan (about 6.9 million U.S. dollars) increased 62%.
Ninetowns first quarter loss per share fully diluted (per ADS represents one ordinary share) was 3.02 yuan (about 0.44 U.S. dollars), the last quarter of 8.18 yuan ( approximately 1.21 U.S. dollars), compared to 1.78 yuan (about 0.26 U.S. dollars).
not in accordance with U.S. GAAP, Ninetowns first quarter adjusted net loss of 52.7 million yuan (about 7.8 million U.S. dollars), the previous quarter adjusted net loss of 188.3 million yuan ( about 27.8 million U.S. dollars), adjusted net profit for the same period last year 48.3 million yuan (about 7.1 million U.S. dollars).
not in accordance with U.S. GAAP basis, first quarter adjusted Ninetowns fully diluted loss per share was 2.10 yuan (about 0.31 U.S. dollars), the previous quarter adjusted fully diluted loss per share was RMB 7.5 yuan (about 1.11 U.S. dollars), compared with adjusted fully diluted earnings per share 1.84 yuan (about 0.27 U.S. dollars).
the second quarter of financial analysis:
Ninetowns total net revenues for the second quarter of 25.4 million yuan (about 3.7 million U.S. dollars), RMB 22.1 million the previous quarter yuan (about 3.3 million U.S. dollars) increased 15% over last year’s 287.9 million yuan (about 42.5 million U.S. dollars) fell 91%. Ninetowns total net revenues for the chain growth, mainly due in May 2010 to begin commercial operations of the \The licensing agreement expired in June 2009.
Ninetowns hair loss for the second quarter of 4.6 million yuan (about 700,000 U.S. dollars), the previous quarter, gross profit was 1.7 million yuan (about 300,000 U.S. dollars), gross profit for the same period last year 64.3 million yuan (about 9.5 million U.S. dollars). Ninetowns hair loss in the second quarter, mainly due to a game included with the related impairment of prepaid royalties.
Ninetowns second quarter operating expenses totaled 75 million yuan (about 11.1 million U.S. dollars), the previous quarter’s 80.7 million yuan (about 11.9 million U.S. dollars) fell 7% over last year of 152.5 million yuan (about 22.5 million U.S. dollars) fell 51%. Ninetowns chain operating expenses fell,supra shoes, mainly because \Staff costs fell, R & D spending by U.S. online game developers integrate Red5 Studios and growth. Ninetowns year decline in operating expenses was mainly due to \
Ninetowns second quarter non-cash stock compensation expense was 7.7 million yuan (about 1.1 million U.S. dollars), the last quarter of 11.9 million yuan (about 1.7 million U.S. dollars), compared with RMB 15 million yuan (about 2.2 million U.S. dollars).
Ninetowns interest income for the second quarter of 5.4 million yuan (about 800,000 U.S. dollars), the last quarter of 6.4 million yuan (about 900,000 U.S. dollars), compared to 6.9 million yuan (about one million U.S. dollars). Ninetowns interest income for the chain and fell from a year mainly due to reduced cash balances.
Ninetowns other expenditures for the second quarter of one million yuan (about 200,000 U.S. dollars), the previous quarter, other expenses for the 2.2 million yuan (about 300,000 U.S. dollars), compared with other income 100,000 yuan (about 10,000 U.S. dollars). Ninetowns changes in other spending, mainly due to exchange losses change.
Ninetowns Net loss for the second quarter of 65.8 million yuan (about 9.7 million U.S. dollars), the previous quarter net loss of 75.8 million yuan (about 11.2 million U.S. dollars) fell 13%, compared same period last year net loss of 79.2 million yuan (about 11.7 million U.S. dollars) fell 17%.
Ninetowns fully diluted loss per share for the second quarter (Each ADS represents one ordinary share) was 2.62 yuan (about 0.39 U.S. dollars), the last quarter of 3.02 yuan ( approximately 0.44 U.S. dollars), compared to 3.15 yuan (about 0.46 U.S. dollars).
not in accordance with U.S. GAAP, Ninetowns second quarter adjusted net loss of 48.8 million yuan (about 7.2 million U.S. dollars), the previous quarter adjusted net loss of 52.7 million yuan ( about 7.8 million U.S. dollars), adjusted net profit for the same period last year 3.1 million yuan (about 500,000 U.S. dollars).
not in accordance with U.S. GAAP basis, second quarter adjusted Ninetowns fully diluted loss per share was 1.94 yuan (about 0.29 U.S. dollars), the previous quarter adjusted fully diluted loss per share was RMB 2.10 yuan (about 0.31 U.S. dollars), compared with adjusted fully diluted earnings per share 0.12 yuan (about 0.02 U.S. dollars).
Note: The earnings of Chinese RMB and U.S. dollar exchange rate: 1 U.S. dollar = 6.7815 yuan. The number of earnings as a percentage of all calculated based on Renminbi.
News:
2010 年 4 months, Ninetowns acquired a Los Angeles online game developer Red 5 Studios majority interest.
call:
after the earnings release, Ninetowns EDT at 21 o’clock on the August 24th (Beijing time at 9 o’clock on the 25 August) held a conference call . Ninetowns management will attend the conference, results and highlights and to answer questions raised by investors and analysts. To listen to the ninth city conference call, investors can dial +1-857-350-1676,supra footwear, U.S. financial sector also can call toll-free number +1-866-788-0538, password is \
EST until September 1st, U.S. investors can call toll free 1-888-286-8010, international investors may dial +1-617-801-6888,cheap sunglasses, listen Ninetowns phone recording session, the password is \In addition, investors can also access Ninetowns site www.corp.the9.com listen to the conference call webcast. Investors need to go to the website 15 minutes early, click on \(Tang Style)
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