According to the United States General Accounting Standards (GAAP), the state digital four-quarter earnings per share will reach 0.09 yuan

State Digital (Nasdaq:gomo) released today the quarterly and Full-year results for fiscal year 2013 as at December 31. According to the report, state's total revenue for the quarter was 98.9 million yuan (about 16.3 million U.S. dollars), up 63.5% from 60.5 million yuan in the same period last year, with a net profit of 30.8 million yuan (about 5.1 million dollars) and 17.5 million yuan in the same period last year.

State Digital Fiscal 2013 total revenue of 328.8 million yuan (about 54.3 million U.S. dollars), than 2012 of the renminbi 185.2 million yuan growth 77.5%, net profit of RMB 91.8 million yuan (about 15.2 million USD), It grew 505.3% from 15.2 million yuan in the 2012 fiscal year.

According to Yahoo's financial data, 2 of Wall Street analysts expect average earnings per share of state to reach 0.09 yuan in the quarter, according to U.S. General Accounting Standards (GAAP). Earnings showed that the state digital quarter earnings per share of 0.12 U.S. dollars, more than analysts expected.

Also, on average, 3 Wall Street analysts expect the state digital quarter to reach $15.8 million trillion, according to U.S. General Accounting Standards (GAAP). Earnings showed that the state digital quarter revenue of 16.3 million U.S. dollars, more than analysts expected.

According to Yahoo's financial data, 3 of Wall Street analysts on average expect the state digital 2013 to reach $0.36 per share in the U.S. General Accounting Standards (GAAP). Earnings showed that the state digital 2013 earnings per share of 0.25 U.S. dollars, less than analysts expected.

Also, on average, 3 Wall Street analysts expect the state digital fiscal 2013 to reach $53.21 million trillion in the U.S. General Accounting Standards (GAAP). Earnings showed that the state Digital 2013 fiscal year revenue of 54.3 million U.S. dollars, more than analysts expected.

Main results of the quarter:

-State Digital Quarter total revenue of 98.9 million yuan (about 16.3 million U.S. dollars), compared with the same period last year, 60.5 million yuan growth of 63.5%;

-State digital revenue from mobile apps and services was 50.9 million yuan (about 8.4 million U.S. dollars) in the quarter, up 230.7% from 15.4 million yuan in the same period last year;

-State Digital Quarter net profit of 30.8 million yuan (about 5.1 million U.S. dollars), compared with the same period last year, 17.5 million yuan growth of 76.4%;

-Not in accordance with United States General accounting standards, state the first quarter of the adjusted pre-tax profit (EBIT) is 34.9 million yuan (about 5.8 million U.S. dollars), compared with the same period last year, 10.6 million yuan growth of 228.9%. State the definition of the profit before the adjusted income tax, excluding the net profit of interest income, income tax expenditure or income, equity incentive expenditure and the fair value change of the warrants.

Fiscal year 2013 main results:

-State Digital Fiscal 2013 total revenue of 328.8 million yuan (about 54.3 million U.S. dollars), compared with the 2012 fiscal year 185.2 million yuan growth 77.5%;

-State Digital 2013 revenue from mobile applications and services is 153.4 million yuan (about 25.3 million U.S. dollars), compared to 2012 of the fiscal year 34.1 million yuan growth 350.3%;

-State Digital fiscal 2013 net profit of 91.8 million yuan (about 15.2 million U.S. dollars), than the 2012 fiscal year 15.2 million yuan growth 505.3%;

-Not in accordance with the United States General accounting standards, the state digital fiscal 2013 adjusted pre-tax profit (EBIT) is 107.7 million yuan (about 17.8 million U.S. dollars), much higher than the 2012 fiscal year of 8.5 million yuan. State the definition of the profit before the adjusted income tax, excluding the net profit of interest income, income tax expenditure or income, equity incentive expenditure and the fair value change of the warrants.

Main Operating indicators:

-As of December 31, 2013, the total number of users of State digital go desktop products reached 364 million, up 76% from 207 million people as at December 31, 2012;

-In the fourth quarter, the number of monthly average active subscribers to the State digital Go Desktop series was 94 million, up 44.6% from 65 million people in the same period last year;

-During the fourth quarter, the number of state digital go desktop products paid 600,000 downloads, up 18.2% from 500,000 a year earlier.

Financial analysis of Quarter four:

Total Revenue:

State's total revenue for the quarter was 98.9 million yuan (about 16.3 million U.S. dollars), up 63.5% from 60.5 million yuan in the same period last year.

State digital revenue from mobile apps and services last quarter was 50.9 million yuan (about 8.4 million U.S. dollars), up 230.7% from 15.4 million yuan a year earlier. State's growth in revenue from digital mobile applications and services was mainly attributable to a 407.6% per cent increase in marketing revenues related to the Go Desktop series, to 33.5 million yuan (about 5.5 million U.S. dollars) and revenue from paid downloads, up from 97.7% to RMB 17.4 million yuan ( About 2.9 million dollars).

State's revenue from mobile reading services was 26.3 million yuan (about 4.3 million US dollars) in the quarter, up 15.9% from the 22.7 million yuan in the same period last year. State Digital mobile Reading service revenue growth, mainly due to the company's online literature content of the user needs and subscription growth.

State digital revenue from mobile portal marketing services in the quarter was 14.5 million yuan (about 2.4 million U.S. dollars), lower than the same period last year, 16.5 million yuan. State Digital mobile Portal Marketing service revenue decline, mainly because advertisers prefer mobile marketing media from mobile internet portal to independent mobile applications, this change is expected.

The state digital quarter came from other businesses, including promotions or value-added services for third party mobile apps, at a rate of 7.2 million yuan (about 1.2 million U.S. dollars), up 22.5% from 5.9 million yuan in the same period last year.

Revenue cost and Gross profit:

State Digital quarter revenue cost of 24.7 million yuan (about 4.1 million U.S. dollars), compared with the same period last year, 21 million yuan growth of 17.6%. State's growth in digital revenue costs is mainly due to the cost of content acquisition and other cost growth associated with the company's overall business expansion.

State Digital Quarter gross profit of 74.2 million yuan (about 12.3 million U.S. dollars), compared with the same period last year, 39.5 million yuan growth of 87.8%. State's gross profit margin for the quarter was 75.1%, up from 65.3% in the same period last year. State's growth in digital gross profit margins is mainly due to the increased cost efficiencies associated with the growth of the company's business, as well as the shift to offering higher-margin mobile applications and services.

Operating profit and expenditure:

State's total operating expenditure for the quarter was 52.8 million yuan (about 8.7 million U.S. dollars), which grew 82.1% from the 29 million yuan in the same period last year. State the growth of digital total operating expenditure, mainly due to the overall business growth related to the general and administrative expenditure and research and development spending growth.

The State digital development expenditure for the quarter was 17.1 million yuan (about 2.8 million U.S. dollars), higher than the same period last year's 9.9 million yuan. State the growth of digital research and development spending, mainly because the company is expanding its research and development capabilities, so that related staff related spending growth, as well as the company in 2013 years, the new grant of stock options, so that the relevant equity incentive spending growth.

State digital sales and marketing expenditure for the quarter of 12.4 million yuan (about 2.1 million U.S. dollars), higher than the same period last year, 11.7 million yuan. State the growth in digital sales and marketing spending, mainly because the company has granted stock options in the 2013-year period, leading to an increase in the relevant equity incentive payments.

State the general and administrative expenditure for the quarter was 23.3 million yuan (about 3.8 million U.S. dollars), higher than the same period last year, 7.5 million yuan. State the growth of digital services and administrative expenditure, the main reason is that the company has granted stock options in the year 2013, which has led to an increase in related equity incentive payments, accounting for exchange losses of RMB 2.7 million (USD 400,000), and relocation expenses due to the $3.5 million trillion (about 600,000 US dollars) in the office.

State's operating profit for the quarter was 21.4 million yuan (about 3.5 million U.S. dollars), which grew 103.5% from the 10.5 million yuan in the same period last year. State's operating profit margin for the quarter was 21.6%, up from 17.4% a year earlier. State's growth in the profitability of its digital operations is mainly due to gross margin growth and operating leverage growth associated with corporate expansion.

Net profit:

State Digital Quarter net profit of 30.8 million yuan (about 5.1 million U.S. dollars), compared with the same period last year, 17.5 million yuan growth of 76.4%. State's net profit margin for the quarter was 31.2%, up from 28.9% in the same period last year.

State the value of the convertible and convertible preferred shares was 7.7 million yuan (about 1.3 million U.S. dollars), lower than the 14.5 million yuan in the same period last year. The value-added of state digital callable, convertible preferred shares is mainly related to preferred shares that are automatically converted to common shares when the company completes its IPO on November 22, 2013, which is a one-off income after the IPO. The net profit of state, which belonged to ordinary shareholders in the quarter, was 23.1 million yuan (about 3.8 million US dollars), and the net profit for ordinary shareholders was 2.9 million yuan in the same period last year.

Not in accordance with the United States General accounting standards, the State digital quarter adjusted after the pre-tax profit (EBIT) is 34.9 million yuan (about 5.8 million U.S. dollars), compared with the same period last year, 10.6 million yuan growth of 228.9%. State the definition of the profit before the adjusted income tax, excluding the net profit of interest income, income tax expenditure or income, equity incentive expenditure and the fair value change of the warrants. Not in accordance with U.S. general accounting standards, the State digital quarter adjusted after the pre-tax profit margin of 35.3%, higher than the same period last year 17.5%.

Not in accordance with the United States General accounting standards (excluding equity incentive spending), state digital adjusted net profit for the quarter of 44.1 million yuan (about 7.3 million U.S. dollars), compared with the same period last year, 17.6 million yuan growth of 151.2%. Not in accordance with the United States General accounting standards (excluding equity incentive spending), the state digital quarter adjusted net profit margin of 44.6%, higher than the same period last year 29%.

Net profit per share of US depository receipts:

State Digital Quarterly US depository receipts for each share of the United States is 0.76 yuan (about 0.12 U.S. dollars), higher than the same period last year, 0.13 Yuan.

Not in accordance with the United States General accounting standards, State Digital quarter after the adjustment of the U.S. depository receipts in the United States deposit receipts of 1.19 yuan (about 0.20 U.S. dollars), compared with the same period last year, 0.13 yuan growth of 804.1%.

Balance sheet and Cash flow:

As of December 31, 2013, the total cash and cash equivalents held by state were RMB 759.4 million (about 125.4 million USD).

Financial analysis for fiscal year 2013:

The total revenue for the state Digital 2013 is 328.8 million yuan (about 54.3 million US dollars), and 185.2 million yuan in the 2012 fiscal year.

The state digital 2013 revenue from mobile apps and services is 153.4 million yuan (about 25.3 million US dollars), up 34.1 million from 350.3% yuan in the 2012 fiscal year. State's growth in revenue from digital mobile applications and services was mainly attributable to a 648.7% per cent increase in marketing revenues related to the Go Desktop series, to 89.1 million yuan (about 14.7 million U.S. dollars) and revenue from paid downloads, up from 189.6% to RMB 64.3 million yuan ( About 10.6 million dollars).

The state digital 2013 revenue from mobile Reading services is 99.8 million yuan (about 16.5 million US dollars), up 72.8 million yuan in the 2012 fiscal year. State Digital mobile Reading service revenue growth, mainly due to the company's online literature content of the user needs and subscription growth.

State Digital 2013 from the mobile Portal marketing services revenue for the 52.2 million yuan (about 8.6 million U.S. dollars), less than the 2012 fiscal year, 57.5 million yuan. State Digital mobile Portal Marketing service revenue decline, mainly because advertisers prefer mobile marketing media from mobile internet portal to independent mobile applications, this change is expected.

The state digital 2013 comes from other businesses, including promotions or value-added services for third party mobile applications, 23.5 million yuan (about 3.9 million USD), and 20.9 million yuan in the 2012 fiscal year.

State Digital 2013 Gross profit is RMB 234.7 million yuan (about 38.8 million U.S. dollars), compared to the 2012 fiscal year 110.4 million yuan growth 112.6%. State Digital 2013 gross margin of 71.4%, higher than 2012 fiscal year 59.6%. State's growth in digital gross profit margins is mainly due to the increased cost efficiencies associated with the growth of the company's business, as well as the shift towards higher-margin mobile applications and services.

State Digital 2013 operating profit of 89.5 million yuan (about 14.8 million U.S. dollars), compared to the 2012 fiscal year, 4.8 million yuan to achieve a significant increase. State Digital 2013 operating profit margin of 27.2%, higher than 2012 fiscal year 2.6%. State's growth in the profitability of its digital operations is mainly due to gross margin growth and operating leverage growth associated with corporate expansion.

State Digital 2013 net profit of 91.8 million yuan (about 15.2 million U.S. dollars), compared to 2012 yuan 15.2 million yuan growth 505.3%. State Digital 2013 net profit margin is 27.9%, higher than 2012 fiscal year 8.2%.

Not in accordance with the United States General accounting standards, state Digital 2013 after the adjustment of pre-tax profit (EBIT) is 107.7 million yuan (about 17.8 million U.S. dollars), much higher than the 2012 fiscal year of 8.5 million yuan. State the definition of the profit before the adjusted income tax, excluding the net profit of interest income, income tax expenditure or income, equity incentive expenditure and the fair value change of the warrants. Not in accordance with the United States General accounting standards, the state Digital 2013 fiscal year after the adjustment of the pre-tax profit margin of 32.8%, higher than the 2012 fiscal year 4.6%.

Not in accordance with the United States General accounting standards, state Digital 2013 after the adjustment net profit of 109.6 million yuan (about 18.1 million U.S. dollars), than the 2012 fiscal year 15.6 million yuan growth 603.1%. Not in accordance with U.S. general accounting standards, State Digital 2013 adjusted net profit margin of 33.3%, higher than the 2012 fiscal year 8.4%.

State Digital 2013 per share of the United States depository receipts of the thin income of 1.54 yuan (about 0.25 U.S. dollars), the 2012 fiscal year per share of U.S. depository receipts diluted loss of RMB 4.98 yuan.

Not in accordance with the United States General accounting standards, state Digital 2013 after the adjustment of the United States depository receipts per share of the dividend is 2.21 yuan (about 0.36 U.S. dollars), last year after the adjustment of the United States depository receipts in the loss of a thin deficit of RMB 4.93 yuan.

Total External stock:

As of December 31, 2013, the total number of state common shares in the external circulation of 200.4 million shares, equivalent to the external circulation of the United States depository receipts total of 33.4 million shares, including 58995186 shares a common stock and 141435672 shares of Class B common.

Performance expectations:

State Digital estimates that the first quarter of 2014 fiscal year's total revenue will be 92 million yuan to RMB 95 million yuan, the year-on-year growth of about 55% to 60.1%. This expectation reflects the company's current and preliminary views on market and operational conditions, which may change in the future.

Note: The renminbi used in this earnings rate is 6.0537:1 against the dollar.

Conference：

After the release, state Digital will be in the United States Eastern Time March 25 Night 8 o'clock (Beijing time March 26 morning 8 points) to hold a financial conference call, listen to the telephone conference number as follows:

United States (free): +1-877-870-4263

International: +1-412-317-0790

Mainland China (free): +86-4001-201203

Hong Kong, China (free): +852-800-905945

In addition, the State Digital website Investor Relations channel http://ir.sungymobile.com/will broadcast the teleconference and provide recordings.