NET Dragon Network Co., Ltd. first quarter financial results

May 29 Morning News, Network Dragon Network Co., Ltd. ("NET Dragon", stock code: 777. HK) today announced its financial results for the first quarter ended March 31, 2014. Earnings showed that the net dragon in the first quarter of 2014 total income of 217.1 million yuan, an increase of 2.4%. Net profit of 85 million yuan decreased 37.6%.

Financial and operational summary for the first quarter of 2014:

In the first quarter of 2014, the total income was 217.1 million yuan, the chain decreased by 5.2%, the year-on-year increase of 2.4%.

In the first quarter of 2014, the gross margin was 196 million yuan, the chain decreased by 4.8%, the year-on-year growth of 1.9%.

Operating profit for the first quarter of 2014 was 114.4 million yuan, an increase of 86.7%.

In the first quarter of 2014, the operating profit of the non-GAAP 1 was 121.1 million yuan, the chain grew 968.7%, and the year-on-year decrease was 31%.

In the first quarter of 2014, the owner of the company should be attributable 79.7 million yuan, the chain reduction of 98.6%, year-on-year reduction of 28.7%.

The first quarter of 2014, the company's owners should account for the accounting standards of the non-GAAP profit of 85 million yuan, the year-on-year decrease of 37.6%.

The first quarter of 2014 from the continuing business of the period of profit for the RMB 77.8 million yuan, an increase of 44.4%.

During the first quarter of 2014, the period of non-GAAP accounting standards, which came from continuous and terminated business, was 83.1 million yuan, down 41%.

In the first quarter of 2014, the basic earnings per share was RMB 15.70, and the profit per share was RMB 15.61.

In the first quarter of 2014, the number of online players ("PCU") was 472,000, the chain decreased by 1%, and the year-on-year growth of 6.1%.

In the first quarter of 2014, the average number of online players ("ACU") was 239,000, the chain decreased by 10.2%, and the year-on-year growth of 0.8%.

Conference

The Network Dragon Management will convene a conference call on May 28, 2014 (Wednesday) 20:00 to review the financial results for the first quarter ended March 31, 2014.

Details of the conference call are as follows:

Time: Beijing/Hong Kong time May 28, 2014 20:00/US Eastern Time May 28, 2014 08:00

International users please call 65-6723-9381

US users please call the toll-free number 1-866-519-4004

Hong Kong users please call the toll-free number 800-930-346

Mainland China Fixed telephone subscriber please call 800-8190-121

Mainland China Mobile phone users please call 400-6208-038

Access Password NetDragon

Users can listen to the meeting live or revisit the meeting online at the http://ir.nd.com.cn/cn/investor/ir_events.shtml Investor Relations website.

To participate in the conference call, please login to the website 10 minutes before the start of the meeting, then enter "2014 first quarterly results conference call" and register according to the instructions.