Dangdang Q1 net profit of 2 million yuan

Absrtact: Beijing time May 15 Morning News, Dangdang today released the first fiscal quarter as of March 31, 2014, unaudited earnings. Earnings showed that net revenue for the first quarter was 1.7358 billion yuan (about 279.2 million U.S. dollars), an increase of 30.1% per cent, net profit of 20

Beijing time May 15 Morning News, Dangdang today released the first fiscal quarter as of March 31, 2014, unaudited earnings. Earnings showed that net revenue for the first quarter was 1.7358 billion yuan (about 279.2 million U.S. dollars), an increase of 30.1%, net profit of 2 million yuan (about 300,000 U.S. dollars), a net loss of 72.7 million yuan in the same period last year.

According to Yahoo's financial statistics, 8 of Wall Street analysts on average expect to lose 0.01 dollars per share in the first quarter, according to U.S. General Accounting Standards (GAAP). Earnings reported that Dangdang's first quarter earnings per share of 0.02 yuan (0.003 U.S. dollars), better than analysts expected.

In addition, 7 Wall Street analysts on average expect to have 281.76 million dollars in first-quarter revenue. Earnings reported that Dangdang's first-quarter revenue of 279.2 million U.S. dollars, less than analysts expected.

Fiscal year 2014 first quarter performance highlights:

Net revenue of 1.7358 billion yuan (about 279.2 million U.S. dollars), an increase of 30.1%. Media products revenue of 1.1517 billion yuan (about 185.3 million U.S. dollars), an increase of 33.3%.

-Gross profit margin of 18.2%, the same period last year and the previous quarter were 17.2% and 17.6% respectively.

Operating profit of 10.1 million yuan (about 1.6 million U.S. dollars), accounting for about 0.6% of total net revenue. Operating loss of 80.4 million yuan in the same period last year, accounting for about 6% of total net revenue.

Net profit of 2 million yuan (about 300,000 U.S. dollars), accounting for about 0.1% of total net revenue. Net loss of 72.7 million yuan in the same period last year, accounting for about 5.5% of total net revenue.

--Market business transactions amounted to 1.186 billion yuan (about 190.8 million U.S. dollars), an increase of 103%.

In the first quarter of the fiscal year 2014, about 8.6 million active users, including about 2.8 million new users, grew 16% and 17% year-on-year. The total order for the quarter was about 16.4 million, an increase of 11%.