Accounting Standards

J.P. Morgan released its research report today, keeping the Nasdaq:yy stock rating at "overweight" (overweight) unchanged at a target price of 67 dollars. The following is a summary of the report: During the 2013 fiscal year, earnings per share (not in accordance with the United States General Accounting standards) of 3.63 yuan, compared to our expected 3.20 yuan high 13%, compared to the economists surveyed by the Bloomberg average of 2.86 Yuan high 27%. The main reason for the higher than expected earnings per share in the gathering time is revenue ...

The following is a summary of the report: the Perfect World's second-quarter revenue was $1.154 trillion, higher than our forecast of $1.065, but lower gross profit margins, increased operating costs offset revenue growth, and led to per-share earnings (EPS) in the US General Accounting Standards (GAAP) 　　For 0.27 dollars, below our projected 0.32 dollars. Third-quarter guidance for revenue growth, but projected spending continues to rise. As a result of the new game "The Holy Warrior Star ol", "Smile AO Lake ol", "No Winter Night Ol" the launch of the perfect world third quarter guidance revenue chain increase ...

Ctrip (NASDAQ:CTRP) today released its unaudited financial results for the fourth quarter and the year ended December 31, 2013. 　　Earnings showed that Ctrip net revenue for the quarter of 1.4 billion yuan (about 238 million U.S. dollars), an increase of 31% per cent, the net profit attributable to the shareholders of the company is 261 million yuan (about 43 million U.S. dollars), the year-on-year increase of 36%. According to Yahoo's financial summary data, 11 of Wall Street analysts on average expected, according to the United States General Accounting Standards (GAAP), the four-quarter earnings per share ...

Revenue for the 72 million yuan (about 11.7 million U.S. dollars), and the same year for the 60.7 million yuan, the first quarter of 36.5 million yuan, the net loss of 12.6 million yuan (about 2.1 million U.S. dollars), and the same period last year net profit of 23.4 million yuan; based on non-US general accounting standards, 　　Net loss of 3.9 million yuan (about 600,000 U.S. dollars), and the same period last year net profit of 26.6 million yuan. Second quarter Performance Summary: The revenue is 72 million yuan (about 11.7 million U.S. dollars), and the same period last year for RMB ...

Summary: Check the latest quotes Beijing time February 10 afternoon news, Sohu (Nasdaq:sohu) released today in the 2013 fiscal year, the quarter and the whole year without audit earnings. The last quarter, Sohu total revenue of 385 million U.S. dollars, an increase of 29%; According to the United States General accounting standards to view the latest quotes Beijing time February 10 afternoon news, Sohu (Nasdaq:sohu) today released the financial year 2013, the quarter and the year without audit earnings. The last quarter, Sohu total revenue 3 ....

-the earnings per share of US depository receipts for fiscal year 2013 and 2014 were raised by 68% and 59% respectively. Phoenix New media sales rose 29% in the second quarter from a year earlier, mainly because of increased advertising sales. 　　Phoenix New Media expects advertising sales in the third quarter to rise 47% to 54% over a year earlier, while operating profit margins for the 2013 fiscal year (not in accordance with U.S. General accounting standards) will grow 7% per cent year-on-year, to 15%. Based on our expectations for the earnings per share of the Phoenix New media for the 2013 fiscal year, the stock has a price-to-earnings ratio of 19 times times. We expect that 2 ...

The following is a summary of the report: Qihoo 2013 's quarterly results exceeded market expectations. Total revenue of $222 million, up 115% from a year earlier, is consistent with our expectations, 6% higher than the average estimate of analysts surveyed by Bloomberg. Based on non-US general accounting standards, diluted earnings per share of $0.70 trillion, 0.26 US dollars higher than we expected, is 0.27 dollars higher than the average estimate of analysts surveyed by Bloomberg. Qihoo estimated that the first quarter of fiscal year 2014 revenue will reach 226 million U.S. dollars to 228 million U.S. dollars, the median year-on-year growth of 107%, compared to ...

Performance exceeding expectations: E-commerce revenue growth of 84% Overview: SouFun 2013 In the second quarter of the fiscal year better than analysts expected. SouFun's net revenue for the second quarter was $144 million (up 49% from the same period last year), while the higher-sheng group analysts expected 23%. 　　Not in accordance with U.S. general accounting standards, SouFun in the second quarter of each share of U.S. depository receipts for 75 cents (a 58% increase from the same period last year), higher group analysts expect 36%. SouFun will revise the Revenue forecast for fiscal year 2013 to $538 million to $548 million (...)

Goldman Sachs today released its investment report, maintaining the "neutral" rating of Ctrip (NASDAQ:CTRP), which lowered its target share price from $44.5 to $35. The following is a summary of the report: The fourth quarter results: Ctrip 2013 fiscal year in the quarter, but the first quarter of 2014 fiscal year profit margin forecast relatively depressed. In the quarter, the Cheng was 1.44 billion yuan, an increase of 31%, 5% higher than our forecast, and 4% higher than the average estimate of analysts surveyed by Bloomberg. Based on non-US general accounting standards, each share ...

Goldman Sachs today released its investment report to maintain the "neutral" rating of auto Equities, nyse:athm its target share price from $34 trillion to $36. The following is a summary of the report: first quarterly results: Auto the first quarter of fiscal year 2014 exceeded expectations. The total revenue was 342 million yuan, up 67% from a year earlier, 5% higher than our forecast, and 2% higher than the average forecast for analysts surveyed by Bloomberg. Based on non-US general accounting standards, diluted earnings per share of 0.20 U.S. dollars, an increase of 48%, higher than our expectations ...

Change: Target prices rose from 62.1 US dollars to 74.1 U.S. dollars Sina's second-quarter performance was solid, largely due to improved commercialization of micro-blogging and operating leverage that boosted profit margins. -Earnings exceeded expectations: Sina's second-quarter sales were 157.5 million U.S. dollars, up 20% from a year earlier, compared with the upper limit of Sina's previous range and our previous expectation of 4% to 5%, mainly because of the steady pace of the commercialization of microblogs and the revenue from one-time MVAs (mobile value-added services) sales. Not according to the United States General accounting standards, Sina second quarter every ...

-Ultra-expected performance: good future fiscal year 2014 earnings and the outlook for the first fiscal quarter of fiscal year 2015 exceeded expectations. A good fourth-quarter revenue of 87 million dollars (up 46% from a year earlier) is expected to be 2% per cent higher than Wall Street analysts expect, according to Goldman Sachs Group analysts. 　　Not in accordance with U.S. general accounting standards, a good future in the fourth quarter earnings per share of 0.24 U.S. dollars (up 118%), High Sheng Group analysts and Wall Street analysts expect an average of 0.05 U.S. dollars and 0.07 dollars respectively. Good future forecast, fiscal year 2015 ...

The following is a summary of the report: Due to the new game "star Vector ol" and "No Winter Night Ol" performance is strong, the perfect world in the second quarter of this year's revenue exceeded expectations. But per-share earnings (EPS), as measured by US General Accounting Standards (GAAP), coincide with Wall Street expectations, largely because of the higher royalties on these two new games, which led to a fall in gross margins. Third-quarter guidance revenue also exceeded expectations. The perfect world-wide new game mix began to work, with the average number of online users in the second quarter (ACU) increasing from 554,000 in the first quarter of this year to 742,000, the existing ...

The following is the full report: fourth-quarter revenue is in line with expectations: Total net revenue grew 42% to 197 million dollars year-on-year, consistent with previous forecasts and our expectations. As a result of the commercialization of micro-blogging, advertising revenue growth of 45% per cent to 160.1 million U.S. dollars (previously forecast for 160 million to 162 million U.S. dollars). Non-US general accounting standards Non-advertising revenue (excluding CRIC-related revenue) grew 36% to $32.2 million (previously forecast at 30 million to 32 million US dollars), mainly due to higher micro-blogging value-added services ...

Beijing Time May 7 Evening News, Goldman Sachs today issued an investment report to maintain SouFun stock (nyse:sfun) "buy" rating, while maintaining a 16.20 dollar target share price unchanged. The following is a summary of the report: House search 2014 in the first quarter of the fiscal year, revenue was 121 million U.S. dollars, an increase of 33% per cent, up from our forecast of 4%, consistent with the average estimate of analysts surveyed by Bloomberg. Based on non-US general accounting standards, diluted earnings per share of 0.11 U.S. dollars, a year-on-year increase of 38%, consistent with our expectations, 1 higher than the Bloomberg forecast ...

SouFun (Nyse:sfun) released its third-quarter financial results for fiscal year 2013 today, with revenue of $185 million, up 45.4% per cent year-on-year. 　　Net profit of 96.6 million U.S. dollars, an increase of 72%. 　　Third quarter Performance Summary: Revenue of 185 million U.S. dollars, an increase of 45.4%. Operating profit of 110.6 million U.S. dollars, an increase of 65.5%. 　　Based on non-US General Accounting Standards (NON-GAAP), operating profit was 112.3 million U.S. dollars, an increase of 64.3% per cent year-on-year. Net profit is 1.02 ...

The following is a summary of the report: the Perfect World's second-quarter revenue was $1.154 trillion, higher than our forecast of $1.065, but lower gross profit margins, increased operating costs offset revenue growth, and led to per-share earnings (EPS) in the US General Accounting Standards (GAAP) 　　For 0.27 dollars, below our projected 0.32 dollars. Third-quarter guidance for revenue growth, but projected spending continues to rise. As a result of the new game "The Holy Warrior Star ol", "Smile AO Lake ol", "No Winter Night Ol" the launch of the perfect world third quarter guidance revenue chain increase ...

The following is a summary of the report: Ctrip's third-quarter results exceeded Wall Street's expectations in the fiscal year 2013, but the expected rise in revenue in the fourth quarter fell sharply. We believe that Ctrip's fourth-quarter revenue from 20% to 25% per cent year-on-year gains were below market expectations, while Wall Street was accustomed to the conservative expectations of Ctrip. Third quarter, based on non-US general accounting standards, Ctrip operating profit margin of 26.5%, higher than the second quarter of 24.7%, and our expected 24.9%. 　We continue to maintain the "neutral" rating of Ctrip, while maintaining a 56 dollar target share price unchanged. ...

Our confidence has rebounded with a renewed focus on improving profitability and utilization, but we have remained on the sidelines until the rate and margin of return are clear. 　　We gave a big neutral rating and raised our target share price from 3.64 to 4.75 dollars. Second-quarter results exceeded expected education in the second quarter revenue of 114.6 million U.S. dollars, higher than our forecast of 112.8 million U.S. dollars (Wall Street forecast 112.2 million U.S. dollars). The earnings per share (EPS), calculated by US General Accounting Standards (GAAP), are 0.26 dollars higher than we and Wall Street ...

SouFun (Nyse:sfun) today released its first-quarter earnings for fiscal year 2014, with revenue of $121.2 million, up 33.2% per cent year-on-year. Based on the U.S. General accounting standards, net profit of 41.5 million U.S. dollars, an increase of 46.2%. 　　Based on non-US general accounting standards, net profit of 47.8 million U.S. dollars, an increase of 44%. According to Thomson Reuters, 3 of Wall Street analysts are averaging 43 of the first quarter's net profit, not based on US GAAP (NON-GAAP).