Easy to live in China second quarter net profit 13.4 million dollars

Absrtact: August 20, Yi Ju China (NYSE: EJ) today released its unaudited earnings for the second quarter ending June 30, 2014. Earnings showed that China's second-quarter total revenue was 210.1 million U.S. dollars, an increase of 29%;

August 20, Yi Ju China (NYSE: EJ) today released its unaudited earnings for the second quarter ending June 30, 2014. Earnings showed that China's second-quarter total revenue was 210.1 million U.S. dollars, an increase of 29%, the net profit of the ownership of the Chinese shareholders is 13.4 million U.S. dollars, an increase of 110%.

2014 Second quarter results summary:

Revenue：

The total revenue was $210.1 million trillion, up 29% from 163.4 million dollars a year earlier. The year-on-year increase in total revenue was attributable to the growth in real estate online service revenues.

Real Estate Online services revenue of 117.3 million U.S. dollars, a year earlier the same period of 71.9 million U.S. dollar growth of 63%, this growth is mainly due to e-commerce and online advertising services revenue growth, e-commerce services revenue of 68.3 million U.S. dollars, compared with the same period last year, 26.4 million U.S. dollars rose 159% , online advertising services revenue of 44.8 million U.S. dollars, compared with the same period last year, 40.5 million U.S. dollars grew 11%, this growth is mainly due to the company's new home and home channel revenue growth, classified information services revenue of 4.2 million U.S. dollars, compared with the same period last year, a decline in 5 million dollars.

Real estate Brokerage services revenue of 65.5 million U.S. dollars, the same period of 65.6 million dollars a year ago, real estate intermediary services revenue of 63.3 million U.S. dollars, a year earlier the 62.6 million dollar increase of 1%, second-hand housing brokerage services revenue of 2.2 million U.S. dollars, the same period last year, 3 million U.S. dollars, Year-on-year decline is mainly due to the company will be second-hand housing sales focus on the line from the offline to trigger the number of entities intermediary shop reduced;

Real-estate information and consultancy services have revenue of $17.9 million trillion, up 9% from $16.4 million a year earlier, largely due to increased revenue from services such as information and consultancy. Other services revenue is 9.4 million U.S. dollars, the same period last year, 9.6 million U.S. dollars, other services include offline real estate advertising services, promotional activities and real estate funds management services.

Costs and expenses:

The revenue cost is $72.7 million, which is up 4% from 69.7 million US dollars in the same period last year, mainly because of the increase in the cost of staff in the main real estate intermediary services, but this increase was offset by a fall in the cost of the third party, as well as a decline in the amortization of intangible assets, Meanwhile, the company's exclusive rights agreement with Baidu was extended to March 2015 and the agreement did not add to the cost. In addition, Le Habitat was originally signed in August 2009 with Sina Advertising agency agreement extended to March 2024, but the related costs did not increase.

Sales, General services and administration spending amounted to $126.3 million trillion, up 43% from $88.5 million a year earlier, mainly due to increased marketing and promotional spending and the associated costs of real estate online service workers.

Profit：

Operating profit of 15 million U.S. dollars, compared with the same period last year, 6.3 million U.S. dollars grew 136%, not according to the U.S. General accounting standards for operating profit of 23.7 million U.S. dollars, compared with the same period last year, 16.8 million U.S. dollars rose 41%.

Net profit was $16.4 million, up 144% from 6.7 million trillion dollars in the same period last year; The net profit, not measured by US GAAP, was 24.7 million trillion, up 15.8 million from the same period last year.

The net profit for China's shareholders is $13.4 million trillion, up 110% from 6.4 million a year earlier. , a share of U.S. depository shares diluted profits from the same period last year to increase from 0.05 U.S. dollars to 0.09 U.S. dollars, not in accordance with the United States General accounting standards for the Chinese shareholders of the net profit of 20.6 million U.S. dollars, compared with the same period last year, 15.3 million U.S. dollar increase of 34%, A share of U.S. depository shares, which is not measured by US GAAP, has increased from $0.11 trillion to $0.14 a year earlier.

Performance summary for the first half of 2014:

Revenue：

The total revenue was $373.5 million trillion, up 33% from 280 million dollars a year earlier. The year-on-year increase in total revenue was attributable to the growth of real estate online service revenues and real estate information and consultancy services.

Real Estate Online services revenue of 195.8 million U.S. dollars, a year earlier the same period of 111.7 million U.S. dollar growth of 75%, this growth is mainly due to e-commerce and online advertising services revenue growth, e-commerce services revenue of 118 million U.S. dollars, compared with the same period last year, 41.1 million U.S. dollars rose 188% , online advertising services revenue of 694 million U.S. dollars, compared with the same period last year, 62.2 million U.S. dollars increased by 12%, this growth is mainly due to the company's new home and home channel revenue growth, classified information services revenue of 8.4 million U.S. dollars, the same period last year also was 8.4 million U.S. dollars.

Real estate Brokerage services revenue of 126.6 million U.S. dollars, the same period of 124.9 million dollars a year ago, real estate intermediary services revenue of 122.6 million U.S. dollars, a year earlier the 119 million dollar increase of 3%, second-hand housing brokerage services revenue of 4 million U.S. dollars, the same period last year, 5.9 million U.S. dollars, Year-on-year decline is mainly due to the company will be second-hand housing sales focus from the line down to the lower number of entity intermediary shop.

Real-estate information and consultancy services have revenue of $35.6 million trillion, up 27% from $28 million a year earlier, largely due to increased revenue from services such as information and consultancy. Other service revenues were $15.5 million trillion, compared with $15.4 million a year earlier.

Costs and expenses:

The revenue cost is $131.7 million, which is up 8% from 121.7 million US dollars in the same period last year, mainly because of the increase in the cost of staff in the main real estate intermediary services, but this increase was offset by a fall in the cost of the third party, as well as a decline in the amortization of intangible assets, Meanwhile, the company's exclusive rights agreement with Baidu was extended to March 2015 and the agreement did not add to the cost. In addition, Le Habitat was originally signed in August 2009 with Sina Advertising agency agreement extended to March 2024, but the related costs did not increase.

Sales, General services and administration spending amounted to $231.2 million trillion, up 41% from $163.5 million a year earlier, mainly due to increased marketing and promotional spending and the associated costs of real estate online service workers.

Profit：

Operating profit of 15 million U.S. dollars, compared to the same period last year, operating losses of 4 million U.S. dollars, not according to the United States General accounting standards for operating profit of 33.8 million U.S. dollars, compared with the same period last year 17.6 million U.S. dollars rose 93%.

The net profit was $17.7 million, a sharp increase from $600,000 a year earlier, and a net profit of $34.9 million that was not measured by US GAAP, up 81% from 19.3 million a year earlier.

The net profit attributable to the Chinese shareholder is $16.3 million trillion, a big increase from 1 million dollars in the same period last year. , a share of U.S. depository shares diluted profits from the same period last year to increase from 0.01 U.S. dollars to 0.11 U.S. dollars, not in accordance with the United States General accounting standards for the Chinese shareholders of the net profit of 32.4 million U.S. dollars, compared with the same period last year, 19.5 million U.S. dollar increase of 66%, A share of U.S. depository shares, which is not measured by US GAAP, has increased from $0.15 trillion to $0.22 a year earlier.

Cash Flow:

As at June 30, 2014, the total cash and cash equivalents held in China were USD 607.9 million.

The net cash used in China's second-quarter operations was $1.6 million, net cash for investment activities was $25.4 million, and financial activity provided net cash of $89 million, mainly including 121.1 million dollars in the net income generated by the New York Stock Exchange IPO by its subsidiary, Le Habitat April 2014.

The dividend paid to shareholders in China in the second quarter was $27.6 million trillion.

Performance Outlook:

China expects the company's 2014 revenue to be between 910 million and 930 million dollars, up from 24% to 27% from 2013 's 731.1 million. The above expectations reflect the current and preliminary expectations of China's habitat, which may change in the future. (Yue Tong)