Last $31.50 USD
Change Today +1.62 / 5.42%
Volume 742.2K
As of 1:58 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

500.com ltd-class a-adr (WBAI) Snapshot

Open
$30.58
Previous Close
$29.88
Day High
$31.99
Day Low
$30.42
52 Week High
03/7/14 - $54.00
52 Week Low
11/22/13 - $18.14
Market Cap
1.0B
Average Volume 10 Days
854.1K
EPS TTM
--
Shares Outstanding
6.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for 500.COM LTD-CLASS A-ADR (WBAI)

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500.com ltd-class a-adr (WBAI) Details

500.com Limited provides online sports lottery services in the People’s Republic of China. It operates as an aggregator and processor of lottery purchase orders from its registered user accounts. The company offers a suite of online lottery services, information, user tools, and virtual community venues. Its lottery sales services comprise individual lottery purchase, lottery pool purchase, automatic tag-along purchase, recurring purchase, and locked-in lottery number purchase services. The company provides its services through its mobile applications to mobile users, as well as through its online platform. As of December 31, 2013, it had 19.1 million registered user accounts. The company was formerly known as 500wan.com Limited and changed its name to 500.com Limited in October 2013. 500.com Limited was founded in 2001 and is based in Shenzhen, the People’s Republic of China.

361 Employees
Last Reported Date: 04/2/14
Founded in 2001

500.com ltd-class a-adr (WBAI) Top Compensated Officers

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Executives, Board Directors

500.com ltd-class a-adr (WBAI) Key Developments

500.com Limited Presents at Citi China - India Corporate Day (Theme: Internet) 2014, Sep-01-2014

500.com Limited Presents at Citi China - India Corporate Day (Theme: Internet) 2014, Sep-01-2014 . Venue: Island Shangri-La Hotel, Hong Kong. Speakers: Danni Zheng, IR, Min Yu, VP, Zhengming Pan, Chief Financial Officer and Principal Accounting Officer.

500.com Limited Announces Management Changes, Effective from September 1, 2014

500.com Limited announced that Mr. Zhengming Pan, the company's current Chief Financial Officer, has been appointed to the new position of President. Mr. Pan will be succeeded as Chief Financial Officer by Mr. Min Yu. Both appointments will be effective September 1, 2014. Mr. Yu previously served as a vice president at Deutsche Bank in Hong Kong, where he focused on equity, bond and M&A transactions and executions from 2010 to 2014. Mr. Yu was part of the Deutsche Bank team that worked on 500.com's IPO in 2013. Prior to joining Deutsche Bank, Mr. Yu worked at Macquarie Capital Advisors in Shanghai and Hong Kong from 2007 to 2010.

500.com Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2014

500.com Limited reported unaudited consolidated earnings results for the second quarter ended June 30, 2014. For the quarter, the company reported operating profit of RMB 59.48 million compared to RMB 11.09 million reported a year ago. Net revenues were RMB 156.14 million compared to RMB 54.69 million reported a year ago. Income before income tax was RMB 64.39 million compared to RMB 11.02 million reported a year ago. Net income was RMB 75.40 million or RMB 0.21 per diluted share for Class A and Class B compared to RMB 11.72 million or RMB 0.05 per diluted share for Class A and Class B reported a year ago. Adjusted operating profit was RMB 67.27 million compared to RMB 11.61 million reported a year ago. Adjusted net income was RMB 83.2 million or RMB 0.23 per diluted share for Class A and Class B compared to RMB 14.45 million or RMB 0.06 per diluted share for Class A and Class B reported a year ago. Non GAAP earnings per diluted ADS were RMB 2.30 compared to RMB 0.59 reported a year ago. The increase in net income was in-line with the increase in total purchase amount and was also attributable to the company's designation as a 'Nation Key Software Enterprise' by several government ministries which reduces the company's applicable tax rate to 10%. The significant increase in net revenues and total purchase amount was mainly due to the month-long FIFA World Cup which kicked off on June 13, 2014. Increased marketing efforts also contributed to the increase in total purchase amount. Revenues continued to increase as a result of its growing active user base which increased 121.2% sequentially to 2,530,000 users during the quarter. Earnings per diluted ADS were RMB 2.08.

 

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Valuation WBAI Industry Range
Price/Earnings 32.6x
Price/Sales 16.4x
Price/Book 7.2x
Price/Cash Flow 35.3x
TEV/Sales 15.6x
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