SHANGHAI, Aug. 17, 2011 /PRNewswire-Asia-FirstCall/ --
China Real Estate Information Corporation ("CRIC" or the "Company")
(NASDAQ: CRIC), a leading provider of real estate information,
consulting and online services in China, today announced its unaudited financial
results for the second quarter and six months ended June 30, 2011.
Second Quarter 2011 Highlights
- Total revenues for the second quarter of 2011 increased 53%
year-over-year to $57.2 million, from
$37.4 million for the same quarter of
2010, and exceeded the high end of the Company's guidance range of
$52 million to $54 million. Online
revenues grew 116% year-over-year to $31.0
million, while offline revenues grew 14% year-over-year to
$26.2 million.
- Non-GAAP(1) income from operations for the second quarter of
2011 was $15.3 million, an increase
of 34% compared to $11.4 million for
the same quarter of 2010.
- Non-GAAP net income attributable to CRIC shareholders for the
second quarter of 2011 was $13.4
million, compared to $15.9
million, including a $4.2
million tax refund, for the same quarter of 2010.
- Non-GAAP net income attributable to CRIC shareholders per
diluted American depositary share ("ADS") for the second quarter
was $0.09, compared to $0.11 per diluted ADS for the same quarter of
2010.
First Half 2011 Highlights
- Total revenues were $99.3 million
for the first half of 2011, an increase of 54% compared to the same
period of 2010.
- Non-GAAP income from operations for the first half of 2011 was
$21.1 million, flat compared to
$21.1 million for the same period of
2010.
- Non-GAAP net income attributable to CRIC shareholders was
$20.4 million, or $0.14 per diluted ADS, for the first half of
2011, compared to $26.2 million, or
$0.18 per diluted ADS, for the same
period of 2010.
(1) CRIC uses in this press
release the following non-GAAP financial measures: (1) income from
operations, (2) net income attributable to CRIC shareholders, and
(3) net income attributable to CRIC shareholders per diluted ADS,
each of which excludes expenses relating to share-based
compensation, amortization of intangible assets resulting from
business acquisitions and loss from the disposal of subsidiaries.
See "About Non-GAAP Financial Measures" and "Reconciliation of GAAP
and Non-GAAP Results" below for more information about the non-GAAP
financial measures included in this press release.
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"We are pleased that CRIC was able to achieve consistent growth
despite fluctuations in China's
real estate market," said Xin Zhou,
CRIC's CEO and co-chairman. "The expansion of our online channels
and market share gains in major cities helped our online business
revenues grow 148% and 116% year-over-year in the first and second
quarters of 2011, respectively. For our offline business, we are
focusing on the scalable information services business while
further diversifying our consulting client base."
Mr. Zhou added, "With the announcement of our expanded
cooperation agreement with Baidu in the second quarter, as well as
the official launch of our real estate e-commerce business in
August 2011, our online business has
gained additional growth drivers for future years on top of the
already strong organic growth achieved so far. Going forward, we
will have a complete set of online products, including
content-based online advertisement, search-based online
advertisement and e-commerce products, which we can offer to our
clients in the real estate industry."
Bin Laurence, CRIC's CFO, said, "I am pleased to see that our
non-GAAP operating income increased 34% year-over-year in the
second quarter. The increase mainly resulted from the maturation
and scalability of our existing online business. As our Baidu
channels become more mature, we expect our year-over-year operating
income growth to continue in the next few quarters."
Financial Results for the Second Quarter of 2011
Revenues
Second quarter total revenues were $57.2
million in 2011, an increase of 53% from $37.4 million for the same quarter of 2010.
Revenues from online services were $31.0
million, an increase of 116% from $14.3 million for the same quarter of 2010. The
increase was mainly due to gains in market share in all major
cities after CRIC acquired its online business in October 2009, rapid growth of CRIC's
home-furnishing channel, and the Company's offering of additional
services on the new and expanded online channels, such as the
Baidu, Inc. ("Baidu") real estate channels.
Revenues from information and consulting services were
$18.0 million, compared to
$18.2 million for the same quarter of
2010. The lack of growth was primarily due to lower land
transaction-based consulting fees in the second quarter of 2011
compared to the same quarter of 2010, partly offset by increased
revenues from information services.
Revenues from other services, including offline advertising and
promotional events, were $8.2 million
for the second quarter of 2011, an increase of 70% from
$4.9 million for the same quarter of
2010, mainly due to higher levels of demand and activities for the
real estate promotional event services in the second quarter of
2011.
Cost of Revenues
Second quarter cost of revenues was $15.0
million in 2011, an increase of 55% from $9.6 million for the same quarter of 2010,
primarily due to higher editorial costs associated with the
expanded coverage of the Company's websites, additional expenses
associated with the Baidu real estate channels launched in
August 2010 and costs associated with
the services provided by the real estate promotional event provider
acquired in the second quarter of 2010.
Selling, General and Administrative
("SG&A")
Expenses
Second quarter SG&A expenses were $36.8 million in 2011, an increase of 45% from
$25.4 million for the same quarter of
2010. The increase in SG&A expenses was primarily due to (1)
salary, commission and bonus expenses associated with additional
sales and administrative staff, and expenses paid to Baidu for the
Company's online business and (2) salary and bonus expenses
associated with additional sales and administrative staff for the
Company's real estate information and consulting business.
Income from Operations
Second quarter income from operations was $5.4 million in 2011, an increase of 129%
compared to income of $2.4 million
for the same quarter of 2010. Non-GAAP income from operations for
the second quarter of 2011 was $15.3
million, an increase of 34% compared to $11.4 million for the same quarter of 2010.
Net Income Attributable to CRIC Shareholders
Net income attributable to CRIC shareholders was $3.1 million for the second quarter of 2011, as
compared to net income attributable to CRIC shareholders of
$7.5 million for the same quarter of
2010. Non-GAAP net income attributable to CRIC shareholders was
$13.4 million for the second quarter
of 2011, as compared to non-GAAP net income attributable to CRIC
shareholders of $15.9 million in the
same quarter of 2010. The decreases were mainly due to the
$4.2 million tax refund recognized in
the second quarter of 2010.
Financial Results for the First Half of
2011
Revenues
Total revenues for the first half of 2011 were $99.3 million, an increase of 54% from
$64.5 million for the same period of
2010.
For the first half of 2011, revenues from online services were
$51.5 million, an increase of
128% from $22.6 million for the
same period of 2010. The increase was mainly due to gains in market
share in all major cities after CRIC acquired its online business
in October 2009, rapid growth of
CRIC's home-furnishing channel and the Company's offering of
additional services on the new and expanded online channels, such
as the Baidu real estate channels.
For the first half of 2011, revenues from real estate
information and consulting services were $36.0 million, compared to $35.6 million for the same period of 2010. The
increase in revenues from CRIC's information services was mostly
offset by lower land transaction-based consulting fees recognized
in the first half of 2011compared to the same period of 2010.
For the first half of 2011, revenues from other services,
including offline advertising and promotional events, were
$11.8 million, an increase of
84% from $6.4 million for the
same period of 2010, mostly due to the expansion of real estate
promotional event services which started in the second quarter of
2010.
Cost of Revenues
For the first half of 2011, cost of revenues was $25.6 million, an increase of 64% from
$15.6 million for the same
period of 2010, mainly due to the addition of real estate
promotional event services starting from the second quarter of
2010, the addition of Baidu real estate channels starting from the
third quarter of 2010 and the Company's overall business
expansion.
SG&A Expenses
For the first half of 2011, SG&A expenses were $71.6 million, an increase of 56% from
$45.9 million for the same period of
2010, mainly due to (1) salary, commission and bonus expenses
associated with additional sales and administrative staff, and
expenses paid to Baidu for the Company's online business and (2)
salary and bonus expenses associated with additional sales and
administrative staff for the Company's real estate information and
consulting business.
Income from Operations
Income from operations was $2.1 million for the first half of 2011,
compared to $3.1 million for the same
period of 2010. Non-GAAP income from operations for the first half
of 2011 was $21.1 million, flat
compared to $21.1 million for the
same period of 2010.
Net Income Attributable to CRIC Shareholders
Net income attributable to CRIC shareholders for the first half
of 2011 was $1.7 million, compared to
$9.4 million for the same period of
2010. Non-GAAP net income attributable to CRIC shareholders was
$20.4 million for the first half of
2011, compared to $26.2 million for
the same period of 2010.
Cash and Cash Flow
As of June 30, 2011, the Company
had a cash balance of $310.7
million.
Second quarter net cash provided by operating activities was
$3.3 million. Non-GAAP net income
attributable to CRIC shareholders of $13.4
million, a decrease in prepaid expenses of $2.5 million, an increase in accrued payroll and
welfare expenses of $4.4 million and
an increase in advance from customers of $3.1 million were partly offset by an increase in
accounts receivable of $19.1
million.
Second quarter net cash used in investing activities was
$5.9 million. This amount was mainly
due to a payment of $3.1 million for
investments in affiliates and a payment of $2.0 million for the purchase of property and
equipment.
Second quarter net cash used in financing activities was
$12.8 million, mainly comprised of
$12.9 million cash used to repurchase
the Company's own ADSs.
Business Outlook
CRIC estimates that its total revenues for the third quarter of
2011 will be in the range of $68 million to
$70 million, compared to $47.2
million in the same quarter of 2010. Total revenues estimate
includes estimated revenues from real estate online services of
$40 million to $41 million, compared
to $19.1 million in the same quarter
of 2010, and estimated revenues from real estate information and
consulting services and other services of $28 million to $29 million, compared to
$28.1 million in the same quarter of
2010. The above forecast reflects the Company's current and
preliminary view, which is subject to change.
Conference Call Information
CRIC's management will host an earnings conference call on
August 17, 2011 at 7 a.m. U.S. Eastern Time (7 p.m. Beijing/Hong
Kong time).
Dial-in details for the earnings conference call are as
follows:
U.S./International:
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+1-646-254-3515
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Hong Kong:
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+852-2561-8854
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Mainland China:
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+86-400-120-0712
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Conference ID:
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89997056
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Please dial in 10 minutes before the call is scheduled to begin
and provide the conference ID number to join the call.
A live and archived webcast will be available at
http://ir.cric.com.
About CRIC
China Real Estate Information Corporation ("CRIC") (NASDAQ:
CRIC) is a leading provider of real estate information, consulting
and online services with a presence in over 160 cities across
China. CRIC, a subsidiary of
E-House (China) Holdings Limited
(NYSE: EJ), merged with the online real estate business of SINA
Corporation (NASDAQ: SINA) upon the completion of CRIC's initial
public offering and listing of its ADSs on the NASDAQ Global Select
Market in October 2009. Leveraging
its proprietary, advanced and comprehensive real estate information
database and analysis system, CRIC provides a broad range of real
estate-related services to all participants in the real estate
value chain, including developers, suppliers, agents, brokers,
service providers and individual consumers. CRIC's services include
subscription-based information services, customized consulting
services and online services through several real estate websites
that provide region-specific real estate information and access to
online communities. For more information about CRIC, please visit
http://www.cric.com.
Safe Harbor: Forward-Looking Statements
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of Section
21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements can be identified by terminology such as
"may," "will," "expect," "anticipate," "aim," "estimate," "intend,"
"plan," "believe," "likely to" or other similar expressions. The
Company has based these forward-looking statements largely on its
current expectations and projections about future events and
financial trends that it believes may affect its financial
condition, results of operations, business strategy and financial
needs. Among other things, the Business Outlook section and
quotations from management in this press release, as well as CRIC's
strategic and operational plans, contain forward-looking
statements. CRIC may also make written or oral forward-looking
statements in its reports filed or furnished with the U.S.
Securities and Exchange Commission, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about CRIC's beliefs and
expectations, are forward-looking statements and are subject to
change, and such change may be material and may have a material
adverse effect on the Company's financial condition and results of
operations for one or more periods. Forward-looking statements
involve inherent risks and uncertainties. A number of important
factors could cause actual results to differ materially from those
contained, either expressly or impliedly, in any of the
forward-looking statements in this press release. Potential risks
and uncertainties include, but are not limited to, a severe or
prolonged downturn in the global economy, CRIC's susceptibility to
fluctuations in the real estate market of China, government measures aimed at
China's real estate industry,
failure of the real estate services industry in China to develop or mature as quickly as
expected, diminution of the value of CRIC's brand or image, CRIC's
inability to successfully execute its strategy of expanding into
new geographical markets in China,
CRIC's failure to manage its growth effectively and efficiently,
CRIC's failure to successfully execute the business plans for its
strategic alliances and other new business initiatives, CRIC's loss
of its competitive advantage if it fails to maintain and improve
its proprietary CRIC system or to prevent disruptions or failure in
the system's performance, CRIC's failure to compete successfully,
fluctuations in CRIC's results of operations and cash flows, CRIC's
reliance on a concentrated number of real estate developers,
natural disasters and outbreaks of health epidemics and other risks
outlined in CRIC's filings with the U.S. Securities and Exchange
Commission. All information provided in this press release is
current as of the date of this press release, and CRIC does not
undertake any obligation to update any such information, except as
required under applicable law.
About Non-GAAP Financial Measures
To supplement CRIC's consolidated financial results presented in
accordance with United States Generally Accepted Accounting
Principles ("GAAP"), CRIC uses the following non-GAAP financial
measures: (1) income from operations, (2) net income attributable
to CRIC shareholders and (3) net income attributable to CRIC
shareholders per diluted ADS, each of which excludes expenses
relating to share-based compensation, amortization of intangible
assets resulting from business acquisitions and loss from the
disposal of subsidiaries. The presentation of these non-GAAP
financial measures is not intended to be considered in isolation or
as a substitute for the financial information prepared and
presented in accordance with GAAP. For more information on these
non-GAAP financial measures, please see the table captioned
"Reconciliation of GAAP and Non-GAAP Results" set forth at the end
of this press release.
CRIC believes that these non-GAAP financial measures provide
meaningful supplemental information regarding its operating
performance by excluding expenses relating to share-based
compensation, amortization of intangible assets resulting from
business acquisitions and loss from the disposal of subsidiaries
that may not be indicative of its operating performance. CRIC
believes that both management and investors benefit from referring
to these non-GAAP financial measures in assessing its operating
performance and when planning and forecasting future periods. These
non-GAAP financial measures also facilitate management's internal
comparisons to CRIC's historical performance. CRIC computes its
non-GAAP financial measures using the same consistent method from
quarter to quarter. CRIC believes these non-GAAP financial measures
are useful to investors in allowing for greater transparency with
respect to supplemental information used by management in its
financial and operational decision making. A limitation of using
non-GAAP financial measures excluding expenses relating to
share-based compensation, amortization of intangible assets
resulting from business acquisitions and loss from the disposal of
subsidiaries is that these expenses charges have been and will
continue to be significant recurring expenses in CRIC's business
for the foreseeable future. Management compensates for these
limitations by providing specific information regarding the GAAP
amount excluded from each non-GAAP measure. The accompanying tables
have more details on the reconciliation between non-GAAP financial
measures and their most comparable GAAP financial measures.
For investor and media inquiries
please contact:
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In China:
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Michelle Yuan
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Director, Investor
Relations
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China Real Estate Information
Corporation
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Phone: +86 (21)
6086-7369
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E-mail: michelleyuan@cric.com
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Derek Mitchell
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Ogilvy Financial,
Beijing
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Phone: +86 (10)
8520-6284
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E-mail: cric@ogilvy.com
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In the U.S.:
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Jessica Barist Cohen
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Ogilvy Financial, New
York
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Phone: +1 (646)
460-9989
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E-mail: cric@ogilvy.com
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CHINA REAL
ESTATE INFORMATION CORPORATION
UNAUDITED
CONSOLIDATED BALANCE SHEET
(In
thousands of U.S. dollars)
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December 31,
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June 30,
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|
|
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2010
|
|
2011
|
|
ASSETS
|
|
|
|
|
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Current
assets
|
|
|
|
|
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Cash and
cash equivalents
|
|
|
340,720
|
|
|
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310,690
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|
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Unbilled
accounts receivable, net
|
|
|
51,175
|
|
|
|
64,563
|
|
|
Accounts
receivable, net
|
|
|
9,796
|
|
|
|
20,016
|
|
|
Prepaid
expenses and other current assets
|
|
|
22,232
|
|
|
|
20,663
|
|
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Amounts due
from related parties
|
|
|
5,080
|
|
|
|
12,461
|
|
|
Total
current assets
|
|
|
429,003
|
|
|
|
428,393
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|
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Property and
equipment, net
|
|
|
11,177
|
|
|
|
11,598
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|
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Intangible
assets, net
|
|
|
182,622
|
|
|
|
177,925
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|
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Goodwill
|
|
|
450,299
|
|
|
|
450,949
|
|
|
Investment
in affiliates
|
|
|
4,444
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|
|
|
9,680
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|
|
Other
non-current assets
|
|
|
6,378
|
|
|
|
10,649
|
|
|
TOTAL ASSETS
|
|
|
1,083,923
|
|
|
|
1,089,194
|
|
|
|
|
|
|
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LIABILITES AND
EQUITY
|
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Current
liabilities
|
|
|
|
|
|
|
|
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|
Accounts
payable
|
|
|
3,300
|
|
|
|
4,429
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|
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Advance from
customers
|
|
|
6,455
|
|
|
|
8,974
|
|
|
Accrued
payroll and welfare expenses
|
|
|
9,882
|
|
|
|
13,099
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|
|
Income tax
payable
|
|
|
16,935
|
|
|
|
15,425
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|
|
Other tax
payable
|
|
|
5,428
|
|
|
|
6,306
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|
|
Amounts due
to related parties
|
|
|
2,785
|
|
|
|
2,215
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|
|
Other
current liabilities
|
|
|
7,731
|
|
|
|
7,907
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|
|
Total
current liabilities
|
|
|
52,516
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|
|
|
58,355
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Deferred tax
liabilities - non-current
|
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39,969
|
|
|
|
41,286
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|
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Total
liabilities
|
|
|
92,485
|
|
|
|
99,641
|
|
|
Equity
|
|
|
|
|
|
|
|
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Ordinary
shares ($0.0002 par value): 250,000,000 shares
authorized, 143,749,405
and 141,766,322 shares issued and
outstanding,
as of December 31, 2010 and June 30, 2011,
respectively
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29
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|
28
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|
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Additional
paid-in capital
|
|
|
882,429
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|
|
|
879,589
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|
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Subscription
receivables
|
|
|
(98)
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|
|
|
(25)
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|
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Retained
earnings
|
|
|
97,557
|
|
|
|
94,273
|
|
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Accumulated
other comprehensive income
|
|
|
8,403
|
|
|
|
12,629
|
|
|
Total CRIC
shareholders' equity
|
|
|
988,320
|
|
|
|
986,494
|
|
|
Non-controlling
interests
|
|
|
3,118
|
|
|
|
3,059
|
|
|
Total
equity
|
|
|
991,438
|
|
|
|
989,553
|
|
|
TOTAL
LIABILITIES AND EQUITY
|
|
|
1,083,923
|
|
|
|
1,089,194
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CHINA REAL ESTATE INFORMATION
CORPORATION
UNAUDITED CONSOLIDATED
STATEMENTS OF OPERATIONS
(In thousands of U.S. dollars,
except share data and per share data)
|
|
|
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Three months
ended
|
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Six months
ended
|
|
|
|
June
30,
|
|
June
30,
|
|
|
|
2010
|
|
2011
|
|
2010
|
|
2011
|
|
Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Online services
|
|
|
14,333
|
|
|
|
31,017
|
|
|
|
22,579
|
|
|
|
51,477
|
|
|
Information and consulting
services
|
|
|
18,184
|
|
|
|
17,970
|
|
|
|
35,555
|
|
|
|
36,014
|
|
|
Other services
|
|
|
4,853
|
|
|
|
8,227
|
|
|
|
6,406
|
|
|
|
11,767
|
|
|
|
|
|
37,370
|
|
|
|
57,214
|
|
|
|
64,540
|
|
|
|
99,258
|
|
|
Cost of revenues
|
|
|
(9,644)
|
|
|
|
(14,974)
|
|
|
|
(15,574)
|
|
|
|
(25,576)
|
|
|
Selling, general and
administrative expenses
|
|
|
(25,365)
|
|
|
|
(36,832)
|
|
|
|
(45,889)
|
|
|
|
(71,592)
|
|
|
Income from
operations
|
|
|
2,361
|
|
|
|
5,408
|
|
|
|
3,077
|
|
|
|
2,090
|
|
|
Interest income
|
|
|
639
|
|
|
|
479
|
|
|
|
734
|
|
|
|
864
|
|
|
Other income (loss) ,
net
|
|
|
1,053
|
|
|
|
(992)
|
|
|
|
2,380
|
|
|
|
71
|
|
|
Income before taxes, equity in
affiliates
|
|
|
4,053
|
|
|
|
4,895
|
|
|
|
6,191
|
|
|
|
3,025
|
|
|
Income tax benefit
(expense)
|
|
|
3,445
|
|
|
|
(1,338)
|
|
|
|
2,933
|
|
|
|
(961)
|
|
|
Income before equity in
affiliates
|
|
|
7,498
|
|
|
|
3,557
|
|
|
|
9,124
|
|
|
|
2,064
|
|
|
Loss from equity in
affiliates
|
|
|
-
|
|
|
|
(120)
|
|
|
|
—
|
|
|
|
(27)
|
|
|
Net income
|
|
|
7,498
|
|
|
|
3,437
|
|
|
|
9,124
|
|
|
|
2,037
|
|
|
Less: net income (loss)
attributable to
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
non-controlling
interests
|
|
|
29
|
|
|
|
314
|
|
|
|
(294)
|
|
|
|
343
|
|
|
Net income attributable to CRIC
shareholders
|
|
|
7,469
|
|
|
|
3,123
|
|
|
|
9,418
|
|
|
|
1,694
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
0.05
|
|
|
|
0.02
|
|
|
|
0.07
|
|
|
|
0.01
|
|
|
Diluted
|
|
|
0.05
|
|
|
|
0.02
|
|
|
|
0.06
|
|
|
|
0.01
|
|
|
Shares used in
computation:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
143,113,568
|
|
|
|
142,430,436
|
|
|
|
143,049,145
|
|
|
|
143,108,205
|
|
|
Diluted
|
|
|
145,727,236
|
|
|
|
144,957,270
|
|
|
|
145,775,585
|
|
|
|
145,657,092
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note 1:
|
The conversion of Renminbi
("RMB") amounts
into USD amounts is based on the rate of USD1 =
RMB6.4716 on June 30, 2011 and USD1 = RMB6.5032 for the three
months ended June 30, 2011.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CHINA REAL
ESTATE INFORMATION CORPORATION
Reconciliation of GAAP and
Non-GAAP Results
(In
thousands of U.S. dollars, except share data and per share
data)
|
|
|
|
Three months
ended June 30,
|
|
Six months
ended June 30,
|
|
|
|
|
2010
|
|
2011
|
|
2010
|
|
2011
|
|
|
|
|
(unaudited)
|
|
(unaudited)
|
|
(unaudited)
|
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP income from
operations
|
|
|
2,361
|
|
|
5,408
|
|
|
3,077
|
|
|
2,090
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based compensation
expenses
|
|
|
3,931
|
|
|
4,665
|
|
|
7,862
|
|
|
8,549
|
|
|
Amortization expenses of
intangible assets resulting from business acquisitions
|
|
|
5,148
|
|
|
5,250
|
|
|
10,210
|
|
|
10,502
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP income from
operations
|
|
|
11,440
|
|
|
15,323
|
|
|
21,149
|
|
|
21,141
|
|
|
GAAP net income attributable to
CRIC shareholders
|
|
|
7,469
|
|
|
3,123
|
|
|
9,418
|
|
|
1,694
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based compensation
expenses (net of tax and non-controlling interests)
|
|
|
3,931
|
|
|
4,665
|
|
|
7,862
|
|
|
8,549
|
|
|
Amortization expenses of
intangible assets resulting from business acquisitions (net
of tax and non-controlling interests)
|
|
|
4,453
|
|
|
4,555
|
|
|
8,873
|
|
|
9,109
|
|
|
Loss from the disposal of
subsidiaries
|
|
|
-
|
|
|
1,054
|
|
|
-
|
|
|
1,054
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net income attributable
to CRIC shareholders
|
|
|
15,853
|
|
|
13,397
|
|
|
26,153
|
|
|
20,406
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP net income per ADS
- basic
|
|
|
0.05
|
|
|
0.02
|
|
|
0.07
|
|
|
0.01
|
|
|
GAAP net income per ADS
- diluted
|
|
|
0.05
|
|
|
0.02
|
|
|
0.06
|
|
|
0.01
|
|
|
Non-GAAP net income per
ADS - basic
|
|
|
0.11
|
|
|
0.09
|
|
|
0.18
|
|
|
0.14
|
|
|
Non-GAAP net income per
ADS - diluted
|
|
|
0.11
|
|
|
0.09
|
|
|
0.18
|
|
|
0.14
|
|
|
Shares used in calculating basic
GAAP /Non-GAAP net income attributable to CRIC shareholders per
ADS
|
|
|
143,113,568
|
|
|
142,430,436
|
|
|
143,049,145
|
|
|
143,108,205
|
|
|
Shares used in calculating
diluted GAAP / Non-GAAP net income attributable to CRIC
shareholders per ADS
|
|
|
145,727,236
|
|
|
144,957,270
|
|
|
145,775,585
|
|
|
145,657,092
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SOURCE China Real Estate Information Corporation