Grand game quarter revenue 1.08 billion net profit 210 million

"TechWeb Report" February 26 news, Shanda Games today announced the fourth quarter as at December 31, 2012 and the full year without the audit earnings. Financial results show that the last quarter of the grand game net operating income of 1.082 billion yuan (172 million U.S. dollars), and the same as the previous quarter to achieve the expected, compared to the same period of 1.356 billion yuan fell 25.9%; Net profit is 214 million yuan (34.1 million USD), down 304 million from the same period last year. %。

In addition, Shanda's net operating income for 2012 was 4.682 billion yuan (USD 745 million), down 11.4% from last year's 5.282 billion yuan, and a net profit of 1.113 billion yuan (177 million USD), down 1.265 billion from last year's 12% yuan.

2012 The fourth quarter non-US General Accounting Standards (NON-GAAP) financial points

Net operating income of 1.082 billion yuan (172 million U.S. dollars), the same period last year, 1.356 billion yuan, the last quarter of 1.081 billion yuan.

Gross profit of 728 million yuan (116 million U.S. dollars), the same period last year, 864 million yuan, the last quarter of 705 million yuan, gross margin of 67.3%, the same period last year 63.7%, the last quarter is 65.3%.

Operating profit of 351 million yuan (55.8 million U.S. dollars), the same period last year, 443 million yuan, 324 million yuan in the last quarter, operating profit margin of 32.4%, the same period last year 32.7%, the last quarter is 30%.

The net profit attributable to shareholders was 249 million yuan (USD 39.7 million), 336 million yuan in the same period last year, and 290 million yuan in the last quarter.

Each share (US depository receipts) diluted net income of 0.92 yuan (15 cents), the same period last year, 1.20 yuan, the last quarter of 1.04 yuan.

U.S. General Accounting Standards (GAAP) financial points for the fourth quarter of 2012

Net operating income of 1.082 billion yuan (172 million U.S. dollars), the same period last year, 1.356 billion yuan, the last quarter of 1.081 billion yuan.

Net operating income of China's regional network games is 976 million yuan (155 million U.S. dollars), the same period last year, 1.262 billion yuan, the last quarter of 1.015 billion yuan.

Other income of 106 million yuan (16.8 million U.S. dollars), the same period last year, 94 million yuan, the last quarter of 65.4 million yuan.

Gross profit of 708 million yuan (113 million U.S. dollars), the same period last year, 834 million yuan, the last quarter of 685 million yuan, gross margin of 65.4%, the same period last year 61.5%, the last quarter is 63.4%.

Operating profit of 307 million yuan (48.9 million U.S. dollars), the same period last year, 401 million yuan, 281 million yuan in the last quarter, operating profit margin of 28.4%, the same period last year 29.6%, the last quarter is 26%.

The net profit attributable to shareholders was 214 million yuan (USD 34.1 million), 304 million yuan in the same period last year, and 254 million yuan in the last quarter.

Each share (US depository receipts) diluted net income of 0.78 yuan (12 cents), the same period last year, 1.08 Yuan, the last quarter of 0.92 yuan.

Game operation data of China in the fourth quarter of 2012

The average monthly active user (MAU) for Chinese games in the quarter was 18.6 million, up 1.2% from the previous quarter.

The average monthly paid user (MPU) in China in the quarter was 3.4 million, down 4.9% from the previous quarter. The fall in MPU was mainly due to the company's continued release of free features and play in the quarter, which led to the conversion of some low-end paid users to free users.

The average monthly contribution (monthly ARPU) for each paid user in this quarter was 96.8 yuan, an increase of 1.1% per cent over the last quarter. The ARPU growth in the quarter was mainly due to the decline in the number of paid users mentioned above.

Non-US GAAP (NON-GAAP) Financial essentials for the year 2012

Net operating income of 4.682 billion yuan (745 million U.S. dollars), last year for 5.282 billion yuan.

Gross profit of 3.06 billion yuan (487 million U.S. dollars), last year for 3.344 billion yuan.

Operating profit of 1.559 billion yuan (248 million U.S. dollars), last year for 1.729 billion yuan.

The net profit attributable to shareholders is 1.258 billion yuan (USD 200 million), which was 1.477 billion yuan last year.

Each share (US depository receipts) diluted net income of 4.54 yuan (72 cents), last year for 5.20 Yuan.

2011 United States General Accounting Standards (GAAP) financial points

Net operating income of 4.682 billion yuan (745 million U.S. dollars), last year for 5.282 billion yuan.

Net operating income of China's regional network games is 4.32 billion yuan (687 million U.S. dollars), last year was 4.976 billion yuan.

Other income is 362 million yuan (57.6 million U.S. dollars), 306 million yuan last year.

Gross profit of 2.971 billion yuan (473 million U.S. dollars), last year for 3.226 billion yuan.

Operating profit of 1.378 billion yuan (219 million U.S. dollars), last year for 1.474 billion yuan.

The net profit attributable to shareholders is 1.113 billion yuan (USD 177 million), which was 1.265 billion yuan last year.

Each share (US depository receipts) diluted net income of 4.02 yuan (64 cents), last year for 4.46 Yuan.

"The company's fourth-quarter performance was up to expectations," said Zhang, CEO of Shanda Games. During the quarter, we continued to strengthen product branding, enrich the game mix, extend new content to different platforms and distribution channels, and achieve outstanding results in overseas markets. Other earnings in the quarter rose 61.3% per cent from the previous quarter, thanks in large part to the excellent performance of Dragon Valley in other countries and in the mobile gaming "million Arthur" in South Korea. ”

"In the new game, the rift in time and space will begin to be tested in March," he said. As a number of game portals in China occupy the top five of the most anticipated game list of products, we are full of expectations of its potential. At the same time, games or dungeon such as "The Tower of Eternity 4.0", "0 World", "Final Fantasy 14" and "The Light of the Earth" ("Striker") are also planned. We hope that the above games will help the company to further expand its user base and diversify its income sources. ”

"Outlook 2013, we have a strong product line, new platforms and new market contributions to the solid revenue, as well as successful online mobile games." We believe that the company's brand and core competencies will be further strengthened based on a wealth of operational experience, sound distribution channels and good financial conditions. We are full of confidence in the long-term development of our company. ”

Stock repurchase Plan

June 11, 2012, the company's board of directors authorized the grand game in the next 12 months, according to market conditions, transaction prices and other factors, and compliance with the United States Securities Management Regulations, the repurchase value of less than 100 million U.S. dollars in the company's shares (the United States depository shares, that is, "ADS"). As of February 22, 2013, the company has bought up about 11.4 million shares of ads in total, costing about 41.5 million dollars.