TheStreet Fitch to give the Net Qin stock holding rating

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Beijing Time November 12 Evening News, the U.S. rating agency TheStreet Fitch today issued an investment report to give NetQin stock (NYSE:NQ) "Hold" rating.

The following is a summary of the contents of the report:

The strong performance of NetQin is reflected in a number of areas, such as strong revenue growth, stable finance, reasonable debt, and stable stock prices. But at the same time, we have seen the lack of netqin, such as a deterioration in net profits, disappointing returns on equity (return on Equity), and weak earnings growth per share.

1 net Qinying income growth is strong, exceeding the industry average of 7.1%, reaching 107.4%. But revenue growth has not boosted earnings per share, and the latter has slipped.

2 The Net Qin has no debt, so the debt equity ratio is 0, this is a positive factor. The fast ratio of the NetQin is kept at 4.70, which means the company can meet the short-term cash demand.

3 compared with the closing price of a year ago, NetQin's shares rose 63.73% per cent, which was better than the performance of the entire market.

4 Net profit Year-on-year gains, the performance of the Net Qin is not as well as the standard and poor 500 index, the year-on-year decline of 8.3%.

5 The return on equity fell slightly year-on-year.