Century Jia Yuan net revenue of the second quarter is 119.3 million yuan

Absrtact: August 22 News, Century Jiayuan today released the second quarter of fiscal year 2013 as of June 30 without the audit earnings. The report showed that the second quarter of the century's net revenue was 119.3 million yuan (about 19.4 million U.S. dollars), an increase of 20% per cent, net profit of RMB 1

August 22 News, Century Jiayuan released today as of June 30, the second quarter of fiscal year 2013, unaudited results. The report showed that in the second quarter of the century, net revenue was 119.3 million yuan (about 19.4 million U.S. dollars), an increase of 20%, and a net profit of 13.1 million yuan (about 2.1 million USD), down 36.4% per cent year-on-year.

Financial profile for the second quarter of 2013

Net revenue for the second quarter of 2013 was 119.3 million yuan (about 19.4 million U.S. dollars), up 20% from a year earlier, and 7% per cent in the previous quarter;

Operating profit in the second quarter of 2013 was 12.5 million yuan (about 2 million U.S. dollars), compared with 18.5 million yuan in the second quarter of 2012, a year-on-year decline of 32.4%, compared with 9.4 million yuan in the previous quarter. Excluding the impact of equity incentive fees, the operating profit of non-US general accounting standards in the second quarter of 2013 was 16 million yuan (about 2.6 million U.S. dollars), compared with the second quarter of 2012 non-US general accounting standards operating profit of 19 million yuan decline 15.8%, It grew by 18% from 13.5 million yuan in the previous quarter.

In the second quarter of 2013, the net profit, which belonged to the Jiayuan of the century, was 13.1 million yuan (about 2.1 million U.S. dollars), down 36.4% from the 20.5 million yuan in the same period last year, 7.9 million yuan in the previous quarter. Excluding the impact of equity incentive costs, the second quarter of 2013, the non-US general accounting standards in the century good margin of the net profit of 16.5 million yuan (about 2.7 million U.S. dollars), compared with the second quarter of 2012, 21 million Yuan slipped 21.4%, It grew by 36.5% from 12.1 million yuan in the previous quarter.

Operating results for the second quarter of 2013

The average monthly active user in the second quarter of 2013 was 5,321,383, compared with the first quarter of 5,333,341,2013 in the second quarter of 2012 to 5,434,692. The average monthly number of subscribers in the second quarter of 2013 was 1,326,370, compared with the first quarter of 1,222,880,2013 in the second quarter of 2012 to 1,279,063.

In the second quarter of 2013, the average monthly income per paid user (ARPU) was RMB 26.6, compared with 23.4 yuan in the same period in 2012, and 26.1 yuan in the first quarter of 2013.

Financial results for the second quarter of 2013

Century Jiayuan 2013 year 2013 net revenue for the second quarter was 119.3 million yuan (about 19.4 million US dollars), up 20% from the same period last year and 7% per cent in the previous quarter. The growth of net revenue comes mainly from the strong growth of the company's online services, while the personalized matchmaking business continues to show momentum.

In the second quarter of 2013, net revenue for online services was RMB 105.9 million (about 17.3 million U.S. dollars), accounting for 88.8% of total net revenue, compared with 86 million yuan in the second quarter of 2012, a year-on-year increase of 23.1%, Compared with 100.2 million yuan in the first quarter of 2013, it grew by 5.7%. Century Jia Edge Online Services net revenue year-on-year and the growth of the chain, by the number of paid users and ARPU value of dual-driven.

In the second quarter of 2013, net income from offline activities and high-end wedding services was RMB 12.9 million (about 2.1 million U.S. dollars), accounting for 10.8% of total net revenue, compared with 12.8 million yuan in the second quarter of 2012, a year-on-year increase of 0.9%, Compared with the first quarter of 2013, RMB 11.3 million per cent quarter-on-quarter growth of 13.8%. This part of the business net revenue growth, mainly due to the second quarter of personalized matchmaking business customers increased.

In the second quarter of 2013, sales cost was 44.4 million yuan (about 7.2 million U.S. dollars), compared with 34.7 million yuan in the second quarter of 2012 year-on-year growth of 27.8%, compared with the first quarter of 2013 yuan 37.9 million yuan in the chain growth of 17%. The year-on-year increase in sales costs is mainly due to the growth of the century Jiayuan online business and the expansion of personalized mating business. Sales of the chain growth, mainly due to the company's personalized business investment and transaction costs increase. Transaction costs are related to payments received through the mobile platform.

Gross profit in the second quarter of 2013 was 74.9 million yuan (USD 12.2 million), which grew 15.8% from the 64.7 million yuan in the second quarter of 2012, compared with 73.6 million yuan in the first quarter of 2013.

Sales and market costs for the second quarter of 2013 were RMB 44.5 million (USD 7.3 million), up 49.5% from 29.8 million yuan in the second quarter of 2012, compared with 44.1 million yuan in the first quarter of 2013. The main reason for the year-on-year increase in sales costs is the increase in the advertising unit price and the growth of the brand promotion expenditure in this quarter.

In the second quarter of 2013, the management cost was 12.4 million yuan (2 million U.S. dollars), compared with 12.3 million yuan in the second quarter of 2012 year-on-year growth, compared with the first quarter of 2013, the renminbi 14.8 million yuan quarter-on-quarter decline 15.8%, The decline in the chain is mainly due to more effective cost control measures.

Research and development costs for the second quarter of 2013 were RMB 5.4 million (USD 884,000), which grew 31.2% from 4.1 million yuan in the second quarter of 2012 to a slight increase of 5.3 million yuan in the first quarter of 2013. Research and development costs year-on-year growth is mainly to implement our market segmentation strategy for new product development investment, and to improve the user experience and matching results of research and development input.

Operating profit in the second quarter of 2013 was RMB 12.5 million (USD 2 million), which fell 32.4% from 18.5 million yuan in the second quarter of 2012, compared with 9.4 million yuan in the first quarter of 2013. Excluding the impact of equity incentive fees, the operating profit of non-US general accounting standards in the second quarter of 2013 was 16 million yuan (USD 2.6 million), which fell 15.8% from the 19 million yuan in the second quarter of 2012, compared with 1 in the first quarter of 2013, 3.5 million yuan grew 18%. The year-on-year decline in operating profit was mainly due to the increase in sales and market costs and research and development costs, while the chain growth was mainly attributable to the robust growth of online services and better cost control.

The exchange gain in the second quarter of 2013 was RMB 675,000 (USD 110,000), while the exchange losses in the second quarter of 2012 were RMB 1.2 million, and the exchange gain for the first quarter of 2013 was RMB 135,000. Exchange gains were generated in the second quarter of 2013 mainly because of the appreciation of the renminbi against the dollar during this period. A part of the profit of the first public offering of the century has been exchanged for renminbi in the foreign company's books, and the functional currency of the offshore company is in dollars.

The net profit in the second quarter of 2013 was RMB 13.1 million (USD 2.1 million), compared with 20.5 million yuan in the second quarter of 2012, and 7.9 million yuan in the first quarter of 2013. Excluding the impact of equity incentive fees, the net profit of non-US general accounting standards in the second quarter of 2013 was RMB 16.5 million (USD 2.7 million), compared with 21 million yuan in the second quarter of 2012, and the net profit of non-US GAAP in the first quarter of 2013 was RMB 12.1 million.

After basic and diluted in the second quarter of 2013, the net profit of US depository receipts per share was 5 RMB 0.44 (USD 0.07) and RMB 0.43 (0.07 USD) respectively, After basic and diluted in the second quarter of 2012, the net profit per share of US depository receipts was RMB 0.66 and RMB 0.64 respectively, while in the first quarter of 2013, the net profit of US depository receipts per share was 0.27 yuan and 0.26 yuan respectively. Excluding the impact of equity incentive costs, the second quarter of 2013, non-US general accounting standards and diluted by the United States depository receipts per share of the net profit of 0.55 yuan (USD 0.09) and 0.54 yuan (0.09 U.S. dollars) respectively.

In the second quarter of 2012, the net profit of US depository receipts per share was RMB 0.67 and RMB 0.65 respectively after the basic and diluted US GAAP In the first quarter of 2013, the net profit of US depository receipts per share was RMB 0.41 and RMB 0.40 respectively after the basic and diluted US GAAP As of June 30, 2013, Century Jiayuan held cash and cash equivalents and a total of 511 million yuan (USD 83.3 million) for short-term deposits.

In the second quarter of 2013, the operating cash flow was net inflow of RMB 32 million (USD 5.2 million). Used to calculate the net profit per share of US depository receipts after the second quarter of 2013, and the weighted average United States depository receipts for each share of US depository receipts after the non-US GAAP dilution. As of June 30, 2013, the company has issued 32.7 million shares of the United States Depository receipts, which contains about 500,000 shares of issued US depository receipts for future option lines.

Outlook for the third quarter of 2013

Century Jiayuan is currently expected to be 125 million yuan to 127 million yuan in net income in the third quarter of 2013. This guide is based on the current preliminary expectations of the century Jiayuan and does not rule out possible future changes.

Conference Call Information

Century Jiayuan management will hold a conference call to discuss earnings and prospects at 8 o'clock (the Beijing/Hongkong Time August 22, 2013 8 o'clock in the morning) at the eastern time of the United States.

To listen to the conference call, please dial the following number:

International: +65-6723-9385

United States: +1-845-6750-438

United States (free): +1-855-5008-701

Hong Kong, China: +852-3051-2745

Mainland China: 400-1200-654

Password: 27586052

Before August 28, 2013, you can dial the following phone to listen to the conference call:

International: +61-2-8199-0299

Password: 27586052

In addition, the century Jiayuan Investor Relations channel Http://ir.jiayuan.com will broadcast a webcast of the teleconference and provide recordings.