Last $12.31 USD
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As of 6:40 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

e-commerce china-spon adr -a (DANG) Key Developments

E-Commerce China Dangdang Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2014; Provides Revenue Guidance for the Third Quarter of 2014

E-Commerce China Dangdang Inc. announced unaudited consolidated earnings results for the second quarter ended June 30, 2014. Dangdang's total net revenues in the second quarter of 2014 were RMB 1,960.8 million ($316.1 million), a 31.3% increase from RMB 1,493,478,000 reported in the corresponding period in 2013. Operating income excluding share-based compensation expenses (non-GAAP) was RMB 17.5 million ($2.8 million), as compared with an operating loss excluding share-based compensation expenses (non-GAAP) of RMB 76.3 million in the corresponding period in 2013. Net income was RMB 28.8 million ($4.6 million), as compared with a net loss of RMB 63.9 million in the corresponding period in 2013, primarily due to the increase in gross profit and operating leverage. Diluted earnings per ADS was RMB 0.35 ($0.06), as compared to a diluted loss per ADS of RMB 0.80 in the corresponding period in 2013. Net income excluding share-based compensation expenses (non-GAAP) was RMB 31.7 million ($5.1 million), as compared with a net loss excluding share-based compensation expenses (non-GAAP) of RMB 61.3 million in the corresponding period in 2013. Non-GAAP diluted earnings per ADS was RMB 0.38 ($0.06), as compared to a non-GAAP diluted loss per ADS of RMB 0.76 in the corresponding period in 2013. Capital expenditures for the second quarter of 2014 were RMB 23.7 million ($3.8 million). Income from operations was RMB 14,594,000 against loss of RMB 78,921,000 a year ago. Income before income taxes was RMB 28,821,000 against loss of RMB 63,925,000 a year ago. Adjusted EBITDA was RMB 30,798,000 against loss of $63,769,000 a year ago. Dangdang expects total net revenues in the third quarter of 2014 to be approximately RMB 1,983.6 million, representing year-over-year growth of around 30.0%. The company also expects GMV from its marketplace to grow at a rate of 80.0% year-over-year to approximately RMB 1,745.4 million in the third quarter of 2014. The company expects CapEx for the whole year 2014, should be 15% above what it spent in 2014.

E-Commerce China Dangdang Inc. to Report Q2, 2014 Results on Aug 14, 2014

E-Commerce China Dangdang Inc. announced that they will report Q2, 2014 results at 9:00 AM, China Standard Time on Aug 14, 2014

E-Commerce China Dangdang Inc., Q2 2014 Earnings Call, Aug 14, 2014

E-Commerce China Dangdang Inc., Q2 2014 Earnings Call, Aug 14, 2014

E-Commerce China Dangdang Inc. Presents at Nomura China Investor Forum 2014, Sep-03-2014

E-Commerce China Dangdang Inc. Presents at Nomura China Investor Forum 2014, Sep-03-2014 . Venue: Pudong Shangri-la, The River Wing, Shanghai, China.

E-Commerce China Dangdang Inc. Presents at China Internet, Media and Technology Conference, Jun-09-2014 01:45 PM

E-Commerce China Dangdang Inc. Presents at China Internet, Media and Technology Conference, Jun-09-2014 01:45 PM. Venue: Shanghai, Beijing Province, China.

 

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