US Eastern Time May 10 6:20 P.M. (Beijing time May 11 6:20 A.M.), the Chinese Net Investment Group (NASDAQ: China, the CDC group) today released its financial report for the first quarter of 2010 as at March 31. The relevant details are as follows: In the first quarter of this year, the CDC group from the continued operation of the adjusted tax depreciation and amortization profit (EBITDA) of 8.4 million U.S. dollars, compared with the adjusted tax rate depreciation and amortization of the previous year, the profit of 7.2 million U.S. dollars rose 17%. In the first quarter of this year, the CDC group's non-US GAAP income was $79 million trillion, compared with $78.8 million a year earlier. As of March 31, 2010, CDC's balance sheet remained robust, with a total of 121.9 million US dollars in cash and cash equivalents for non-US GAAP. In the first quarter of this year, the CDC software division of the China Net Investment Group, which earned $51.7 million trillion in non-US GAAP, was $50.4 million in the same period last year, while the adjusted tax-rate depreciation and amortization profit was $10.6 million, compared with $12.7 million a year earlier. In the first quarter of this year, the CDC Global Services Division of the China Net Investment Group met U.S. GAAP revenue of USD 16.4 million, the same period last year, at $19.8 million, and the adjusted tax-rate depreciation and amortization profit of $1.5 million trillion, compared with $700,000 a year earlier. In the first quarter of this year, the CDC gaming division of the China Net Investment Group met U.S. GAAP revenue of $8 million trillion, compared with $6.3 million a year earlier, and adjusted tax-rate depreciation and amortization for $1.2 million trillion, compared with $900,000 a year earlier. In the first quarter of this year, China Net investment group's China web portal met U.S. GAAP revenue of 2.9 million U.S. dollars, the same period last year was 2.4 million U.S. dollars. (Edit/Zhang Lei)
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