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Beijing time August 9 Morning News, Worry (Nasdaq:jobs) released today, as of June 30, the second quarter of fiscal year 2013 unaudited results. The report showed that worry's total revenue in the second quarter was 404.4 million yuan (about 65.9 million U.S. dollars), an increase of 12.2% per cent, and a net profit of 119.2 million yuan (about 19.4 million US dollars), up 114.6 million per cent from the yuan in the same period last year.

Main achievements in the second quarter:

Worry in the second quarter of the total revenue of 404.4 million yuan (about 65.9 million U.S. dollars), an increase of 12.2% year-on-year, in line with the company's previous expectations;

Worry's second-quarter network recruitment service revenue was 269.5 million yuan (about 43.9 million U.S. dollars), up 14.3% from a year earlier;

Worry's gross profit margin was 73.7% in the second quarter, up from 72.6% in the same period last year;

Worry's operating profit for the second quarter was 125.5 million yuan (about 20.4 million U.S. dollars), up 5.9% from a year earlier;

Worry's net profit for the second quarter was 119.2 million yuan (about 19.4 million U.S. dollars), a 4% increase from the 114.6 million yuan in the same period last year;

Worry in the second quarter of the total share of the common stock of RMB 1.99 yuan (U.S. depository receipts per share of USD 0.65);

Excluding equity incentive expenditures, exchange losses and related tax effects, worry the second quarter (not in accordance with the United States General accounting standards) after the adjustment of the total stock of ordinary shares of RMB 2.28 yuan (U.S. depository receipts per share of 0.74 U.S. dollars), in line with the company's previous expectations;

As of June 30, 2013, worry's cash holdings and short-term investments in the second quarter increased to 2.872 billion yuan (about 468 million U.S. dollars).

Second quarter Financial Analysis:

Worry's total revenue for the second quarter was 404.4 million yuan (about 65.9 million U.S. dollars), up 12.2% from 360.4 million yuan in the same period last year.

Worry's second-quarter online recruitment service revenue was 269.5 million yuan (about 43.9 million U.S. dollars), up 14.3% from the 235.9 million yuan in the same period last year. The growth in worry network recruitment services has been largely offset by an increase in the number of independent employers using worry online recruitment services, but partly by the decline in average earnings per independent employer. In the second quarter, a total of 231,011 independent employers used worry's online recruiting service, up 25.1% from 184,667 in the same period last year, mainly as a result of aggressive new customer access and increased use of worry network recruitment services. Worry average earnings per independent employer fell 8.6% in the second quarter from a year earlier, mainly due to an increase in the number of new customers and an increase in the number of employers buying lower-priced services.

Worry's advertising revenue for the second quarter was 11 million yuan (about 1.8 million U.S. dollars), down 50.1% from 22.1 million yuan a year earlier. Worry publication advertising revenue decline, mainly because the market demand is moving away from the direction of publication advertising services change. Worry's publication in the second quarter was about 355 pages, down 46.5% from 664 pages in the same period last year. In addition, the number of cities published in the future recruitment special Edition has been reduced from 10 to June 30, 2012 to 5 as at June 30, 2013.

Worry's other HR-related revenues in the second quarter were 123.8 million yuan (about 20.2 million U.S. dollars), up 20.8% from 102.5 million yuan a year earlier. Worry the growth of other HR related revenue, mainly thanks to the customer's adoption rate and usage growth of business process outsourcing service and Training service.

Worry's gross profit for the second quarter was 286 million yuan (about 46.6 million U.S. dollars), up 14% from 250.8 million yuan in the same period last year. Worry's second-quarter gross margin (the proportion of gross profit in net revenue) was 73.7%, up from 72.6% in the same period last year.

Worry's operating expenses for the second quarter were 160.6 million yuan (about 26.2 million U.S. dollars), up 21.3% per cent from the 132.4 million yuan in the same period last year.

Worry's sales and marketing expenditure for the second quarter was 111.1 million yuan (about 18.1 million U.S. dollars), up 25.1% from 88.8 million yuan in the same period last year. The increase in sales and marketing worry is mainly due to the increase in employee pay, the increase in the number of employees and the growth of advertising and promotional spending.

Worry the second quarter of the General Affairs and administrative expenditure of 4940 yuan (about 8.1 million U.S. dollars), compared with the same period last year, 43.6 million yuan growth of 13.4%. Worry the increase in general and administrative expenditure, mainly due to the increase in staff remuneration and office and depreciation expenses.

Worry's operating profit for the second quarter was 125.5 million yuan (about 20.4 million U.S. dollars), up 5.9% per cent from the 118.4 million yuan in the same period last year. Worry's second-quarter operating margin (the proportion of operating profit in net revenue) was 32.3%, down from 34.3% in the same period last year. Excluding equity incentive spending, worry's operating profit margin for the second quarter was 36.2%, down from 37.5% in the same period last year.

Worry's net profit for the second quarter was 119.2 million yuan (about 19.4 million U.S. dollars), a 4% increase from the 114.6 million yuan in the same period last year. Worry in the second quarter, the total share of common stock is 1.99 yuan (about 0.32 U.S. dollars), the same period last year, 1.93 yuan. Worry in the second quarter, the United States depository receipts were completely diluted income of 3.98 yuan (about 0.65 U.S. dollars), the same period last year, 3.86 Yuan.

Worry's second-quarter equity incentive spending was 1480 yuan (about 2.4 million U.S. dollars), compared with 11.2 million yuan in the same period last year. Worry second-quarter results in the renminbi 2.4 million yuan (about 400,000 U.S. dollars) of exchange earnings, the same period last year worry exchange losses of 1 million yuan.

Excluding equity incentive expenditures, exchange gains and their related tax implications, worry's net profit for the second quarter (not in accordance with US general accounting standards) was 136.4 million yuan (about 22.2 million U.S. dollars), up 9.3% from 124.9 million yuan in the same period last year. Worry the second quarter (not in accordance with the United States General accounting standards) after the adjustment of ordinary common shares of the total diluted earnings of 2.28 yuan (about 0.37 U.S. dollars), the same period last year, 2.10 yuan. Worry in the second quarter (not in accordance with the United States General accounting standards) adjusted each share of the United States depository receipts were fully diluted income of 4.56 yuan (about 0.74 U.S. dollars), the same period last year, 4.21 Yuan.

First half Financial Analysis:

Worry's total revenue for the first half of the year was 784.7 million yuan (about 127.9 million U.S. dollars), up 5.9% from the 741.2 million yuan in the same period last month.

Worry operating profit of 241 million yuan (about 39.3 million U.S. dollars), compared with the same period last year, 249.2 million Yuan slipped 3.3%.

Worry's net profit for the first half was 228 million yuan (about 37.2 million U.S. dollars), down 3% from 235.1 million yuan a year earlier. In the first half of worry, the total share of common stock was 3.81 yuan (about 0.62 U.S. dollars), and the same period last year was 3.96 yuan. Worry the first half of the United States depository receipts are fully diluted income of 7.63 yuan (about 1.24 U.S. dollars), the same period last year for 7.92 Yuan.

Excluding equity incentive expenditures, exchange gains/losses and their associated tax implications, worry net profit adjusted for the first half of the year (not in accordance with U.S. General Accounting standards) for 260.1 million yuan (42.4 million U.S. dollars), compared to the same period of 257.2 million yuan growth of 1.1%. Worry the first half of the adjustment after the total share of common stock income (not in accordance with the United States General Accounting standards) for the renminbi 4.35 yuan (about 0.71 U.S. dollars), the same period last year for 4.33 Yuan. Worry the first half of the adjustment after the United States depository vouchers (not in accordance with the United States General accounting standards) fully diluted income of 8.70 yuan (about 1.42 U.S. dollars), the same period last year for 8.67 Yuan.

As of June 30, 2013, the total amount of cash and short-term investments held by worry in the second quarter increased to 2.872 billion yuan (about 468 million U.S. dollars), higher than the 2.5314 billion yuan as at December 31, 2012. Worry's short-term investment consists of a deposit certificate of three months to one year from the initial maturity period.

Business outlook:

Based on current market conditions and the expected year-on-year drop in revenue from publication advertising, due to the company's withdrawal from the business, worry expects the third quarter of the fiscal year 2013 to be 405 million to 420 million yuan (about 66 million to 68.4 million dollars). Excluding equity incentive expenditures and exchange losses/returns and their related tax implications, worry expects a full diluted share of the common stock in the third quarter of 2013 (not in accordance with US general accounting standards) to RMB 2.10 to RMB 2.25 ( The United States depository receipts are fully diluted to 0.68 to 0.73 dollars per share. Worry expects total equity incentive spending in the third quarter of fiscal year 2012 to be about RMB 18 million to RMB 19 million (about 2.9 million to 3.1 million USD).

Note: The exchange rate of RMB and US dollar in this earnings is: 1.00 USD = RMB 6.1374 yuan.

Company news:

In June 2013, worry stopped publishing the local edition of the future recruitment special Edition in Guangzhou, but continued to maintain its facilities in the city and all other operational activities.

In July 2013, worry completed the purchase of 12,900 square meters of new office buildings in Wuhan to accommodate the growing sales and customer service team. The total purchase price of the office building is RMB 69.7 million (about 11.4 million US dollars) and is funded by the company's existing cash resources. In 2011 and 2012, worry has paid the seller a number of installments and has paid the remaining 7.6 million yuan ($ 1.2 million USD) balance this year. Worry is working on plans to equip the company's headquarters with facilities to be accommodated in 2014.

Conference：

After the earnings release, worry will be in the U.S. Eastern Time August 8 21:00 (Beijing time August 9 9:00) conference call. Worry management will attend a conference call to answer questions from investors and analysts, interpreting earnings points, operating conditions and performance expectations. To listen to the worry conference call, U.S. investors can call +1-888-549-7880, China Hong Kong investors can call +852-3009-5027, international investors can call +1-480-629-9770, the password is "4632162".