Last $12.50 USD
Change Today +0.42 / 3.48%
Volume 4.8M
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As of 8:04 PM 04/17/14 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 Management Changes

E-Commerce China Dangdang Inc. announced that Mr. Jun Zou, the chief financial officer of the company, has tendered his resignation for personal reasons. His resignation will be effective on April 10, 2014. The company has started searching for qualified CFO candidates. Ms. Peggy Yu Yu, Dangdang's Executive Chairwoman, will act as interim CFO during the search period until the new CFO is on board. Ms. Peggy Yu Yu is Dangdang's co-founder and has been Executive Chairwoman since the inception of the company.

E-Commerce China Dangdang Inc. and Yhd.com Form Strategic Partnership to Launch Channels on Each Other's Sites

E-Commerce China Dangdang Inc. announced that it has entered into a strategic partnership with Yhd.com, whereby each company launches a channel on the other's platform. Pursuant to the partnership, Dangdang opens a bookstore on Yhd.com, making its books and media merchandise available to Yhd.com's customers, while Yhd.com opens a supermarket on the Dangdang marketplace. Both of these new stores offer the same products, pricing, logistics and customer service available on each company's own official website.

E-Commerce China Dangdang Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Revenue Guidance for the First Quarter of 2014

E-Commerce China Dangdang Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. Dangdang's total net revenues in the fourth quarter of 2013 were RMB 1,971.9 million, a 22.1% increase from the corresponding period in 2012 of RMB 1,614.824 million. Dangdang recorded operating income of RMB 7.1 million in the fourth quarter of 2013, as compared with an operating loss of RMB 151.3 million in the corresponding period in 2012, primarily due to strong execution on margin expansion and operating leverage. Operating income excluding share-based compensation expenses (non-GAAP) was RMB 10.3 million, as compared with an operating loss excluding share-based compensation expenses (non-GAAP) of RMB 148.5 million in the corresponding period in 2012. Net income attributable to common shareholders was RMB 21.7 million or RMB 0.05 per diluted share ($3.6 million), as compared with a net loss of RMB 122.1 million or RMB 0.30 per diluted share in the corresponding period in 2012, primarily due to the increase in gross profit and operating leverage. Net income excluding share-based compensation expenses (non-GAAP) was RMB 24.9 million ($4.1 million), as compared with a net loss excluding share-based compensation expenses (non-GAAP) of RMB 119.3 million in the corresponding period in 2012. Income before income taxes was RMB 21,660,000 against loss of RMB 122,089,000 a year ago. Adjusted EBITDA was RMB 22,412,000 against loss of RMB 137,440,000 a year ago. Capital expenditures for the fourth quarter of 2013 were RMB 17 million. Total net revenues in fiscal year 2013 were RMB 6,325.0 million ($1,044.8 million), a 21.8% increase from 2012 of RMB 5,193.809 million. Dangdang recorded an operating loss of RMB 195.5 million ($32.3 million) in the fiscal year 2013, as compared with an operating loss of RMB 489.3 million in 2012, primarily due to strong execution on margin expansion and operating leverage. Operating loss excluding share-based compensation expenses (non-GAAP) was RMB 184.4 million ($30.5 million) in the fiscal year 2013, as compared with an operating loss excluding share-based compensation expenses (non-GAAP) of RMB 478.1 million in 2012. Net loss attributable to common shareholders was RMB 142.9 million or RMB 0.36 per diluted share ($23.6 million), as compared with a net loss of RMB 443.9 million or RMB 1.11 per diluted share in 2012, primarily due to the increase in gross profit and operating leverage. Net loss excluding share-based compensation expenses (non-GAAP) was RMB 131.8 million ($21.8 million), as compared with a net loss excluding share-based compensation expenses (non-GAAP) of RMB 432.7 million in 2012. Full year capital expenditures were RMB 93.7 million ($15.5 million). Loss before income taxes was RMB 142,865,000 against RMB 443,851,000 a year ago. Adjusted LBITDA was RMB 135,435,000 against RMB 436,353,000 a year ago. The company generated RMB 273 million in operating cash flow in 2013 compared to a negative RMB 134 million operating cash flow in last year, reflecting a narrow net loss and a better working capital management. The company expects total net revenue in the first quarter of 2014 to be around RMB 1,734 million, representing year-over-year growth of around 30%.

E-Commerce China Dangdang Inc. Presents at Credit Suisse 17th Asian Investment Conference, Mar-24-2014

E-Commerce China Dangdang Inc. Presents at Credit Suisse 17th Asian Investment Conference, Mar-24-2014 . Venue: Conrad Hong Kong, 88 Queensway, Admiralty, Hong Kong.

E-Commerce China Dangdang Inc. to Report Q4, 2013 Results on Feb 27, 2014

E-Commerce China Dangdang Inc. announced that they will report Q4, 2013 results at 9:00 AM, China Standard Time on Feb 27, 2014

 

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