韩国手游运营数据

1Q14EarningsConferenceCallScriptOperator:GooddayeveryoneandwelcometoSungyMobile'sfAtthistimeallparticipantsareinlisten-onlymode.
Wewillbefacilitatingaquestionandanswersessiontowardstheendofthisconferencecall.
AtthispointfromICR.
CharlesEveslage-GreetingsandSafeHarborStatementThankyou,operator.
WelcometoSungyMobile'sftodayareMr.
YuqiangDeng,CEOofSungyMobile,andmanagement'spreparedremarks,wewillconducttheQ&ABeforewebegin,IreferyoutotheSafeHarborStatementinourearningsrelease,whichalsoappliestoourconferencecalltodayaswewillmakeforwardAtthistime,IwouldnowliketoturntheconferencecallovertoMr.
YuqiangDeng–OpeningRemarks&StrategicOverview谢谢,大家好.
欢迎大家参加久邦数码Thankyou.
Goodmorningandgoodeveningearningscall.
我很高兴和大家宣布,我们2014年的运营战略执行的非常良好收同比增长57%,达到9300万人民币,应用依旧是我们整体经营最重要的驱动力计GetJar的贡献,我们移动应用和服务业务GO系列的累积用户和月活跃用户数仍在规模.
Wearepleasedtoannouncethatwecontinuetostrategies.
Ourtotalrevenues,excludingthe57%to93millionRMBandnon-GAAPnetincomeincreasingby163%yearoveryear.
Thisgrowthwasprimarilydrivenbystronggrowthmomentumofourservices.
SupportedbyourGO-brandedproductportfoliowhichincludesourwegrewourmobileappproductsandservicesrevenuesimpactoftheGetJaracquisitionand,ontheoperationalside,wesawaccumulatedusersandMAUsofourGOseriesproducts在实现财务和运营双双稳健增长的同时利用其独特的数据分析能力,我们在移动广告方案投放的精准性和高效性方面有了长足的进步收购的效益日渐彰显.
我们相信,整合工作的运营能力,从而实现营收和利润水平的长期增长SungyMobileEarningsConferenceCallScriptGooddayeveryoneandwelcometoSungyMobile'sfirstquarter2014earningsconferencecall.
onlymode.
Wewillbefacilitatingaquestionandanswersessiontowardstheendofthisconferencecall.
Atthispoint,IwouldliketoturnthecalltoCharlesEveslageSafeHarborStatementhankyou,operator.
WelcometoSungyMobile'sfirstquarter2014earningsconferencecall.
Withus,CEOofSungyMobile,andMr.
WinstonLi,CFO.
Followingmanagement'spreparedremarks,wewillconducttheQ&Asession.
webegin,IreferyoutotheSafeHarborStatementinourearningsrelease,whichalsoappliestoourconferencecalltodayaswewillmakeforward-lookingstatements.
Atthistime,IwouldnowliketoturntheconferencecallovertoMr.
YuqiangDeng,Sungy'sCEO.
OpeningRemarks&StrategicOverview欢迎大家参加久邦数码2014年第一季度电话会议.
.
Goodmorningandgoodeveningeveryone.
WelcometoSungyMobile'sfirstquarter2014年的运营战略执行的非常良好.
不计GetJar并购的影响,依照非GAAP会计准则统计,净利润同比增长163%应用依旧是我们整体经营最重要的驱动力.
凭借我们首屈一指的GO桌面及其他GO品牌产品我们移动应用和服务业务收入实现了88%的同比增长.
从运营数据来看用户和月活跃用户数仍在持续增长,截至到一季度末,分别达到4.
01亿和pleasedtoannouncethatwecontinuetomakesolidprogressinexecutingour2014operationaltheimpactoftheGetJaracquisition,increasedyearoveryearbyGAAPnetincomeincreasingby163%yearoveryear.
Thisbystronggrowthmomentumofourmobileapplicationproductsandbrandedproductportfoliowhichincludesourtop-notchGoLaunchergrewourmobileappproductsandservicesrevenuesbyover88%yearoveryear,excludingtheontheoperationalside,wesawcontinuousgrowthofourGOseriesproductsto401millionand100million,respectively.
在实现财务和运营双双稳健增长的同时,我们专注于整合GetJar并优化我们两家企业的协同运作我们在移动广告方案投放的精准性和高效性方面有了长足的进步整合工作的进一步深入将帮助提高我们产品研发的效率从而实现营收和利润水平的长期增长.
由此,在未来几个季度,我们会继续对earningsconferencecall.
onlymode.
WewillbefacilitatingaquestionandanswersessionCharlesEveslageearningsconferencecall.
WithusCFO.
Followingwebegin,IreferyoutotheSafeHarborStatementinourearningsrelease,whichalsoappliesto'sCEO.
firstquarter2014影响,总营163%.
移动品牌产品,不从运营数据来看,我们亿和1亿的operationalincreasedyearoveryearbyGAAPnetincomeincreasingby163%yearoveryear.
ThisrevenuemobileapplicationproductsandLauncherapp,,excludingthecontinuousgrowthinbothrespectively.
并优化我们两家企业的协同运作.
我们在移动广告方案投放的精准性和高效性方面有了长足的进步,将帮助提高我们产品研发的效率,提升我们会继续对GetJar进行投入,这个过程会在短期内产生较高的运营费用的优势,获得长远的收益.
RecognizingthefinancialandoperationalfocusedonintegratingGetJarandstreamliningseeingouracquisitionsynergiesintermsofbenefitsassociatedwithutilizingGetJar'sstatedataanalyticscapabilitiestoimprovethetargetingandefficiencyofourmobileadsolutions.
Aswecontinuetointegrate,wearewellequippedtoaccelerateourproductdeveloptoenhanceouroperationalknow-howanddrivelongtermtopandbottomlinegrowth.
Overthenextseveralquarters,wewillcontinuetoinvestintoGetJar'sbusinesshelpingtofurtherleveragetheirplatformandexpecttoincurhigheroperation在继续开拓移动广告业务的同时,我们也加速了对移动游戏市场的布局3家手游公司.
此外,我们于2月成立了一家专注于码平台的强大网络效开展网游的开发、"热门游戏"文件夹的新功能.
通过我们专利的算法从而提供更精准的游戏推荐.
我们针对略均体现了我们公司为实现业务和财务增长所作的努力的增长,从而提升公司变现的能力以实现业务长期增长Inadditiontoourcoreinitiativesinmobileadvertising,wealsoacceleratedourthemobilegamemarketwiththreeacquisitionfurtherstrengthenourpositioninginmobilesubsidiary.
Thissubsidiarywillbefocusedondeveloping,licensingandpromotingmobilegamesthroughourbroadeningmobileplatform.
GOlauncherplatform.
BackedbyourproprietaryindividualizedmobilegamerecommendationsLauncher.
OurmultifacetedmobilegameGetjarandotheradvertising-focusedinitiatives;operationalandfinancialgrowth.
Bysimultaneouslyofourproductsaswellasstrengtheningourmonetizationearningsgrowthoverthelongterm.
与此同时,我们也在不断引进优秀的安卓移动应用和奇虎360的合作就是此工作中的重要一环场运营经验,我们有信心将奇虎360丰富的移动安全和工具类的应用发行到更广大的世界舞台同时为公司的海外用户提供更加优化的移动产品体验市场发行渠道,为我们自身的产品开拓广阔的中国市场步加强公司在国际和国内市场移动应用发行的绝对优势IntandemwithourstrengthenedadvertisingfurtherbolsterourdistributionplatformbyOurcooperationagreementwithQihoo360globalfootprintandever-growinginternationalmarketingrangeofmobilesecurityandutilityappstoourusers.
Moreover,byworkingwithQihoo360,wealsoexpecttomarketthroughleveragingtheirpowerfulpositionasaleadingAndroidapppublishermarket.
这个过程会在短期内产生较高的运营费用,但是会促进我们更好地发挥其平台growthwithinourmobileappandproductsservices,weremainandstreamliningtheoperationofbothofourcompanies.
WearealreadyintermsofbenefitsassociatedwithutilizingGetJar'sstate-of-artmobiledataanalyticscapabilitiestoimprovethetargetingandefficiencyofourmobileadsolutions.
Aswecontinuetointegrate,wearewellequippedtoaccelerateourproductdevelopmentprocess.
Thiswillhelphowanddrivelongtermtopandbottomlinegrowth.
Overthenextseveralquarters,wewillcontinuetoinvestintoGetJar'sbusinesshelpingtofurtherleveragetheiroperationalexpensesduringthisinvestmentphase.
我们也加速了对移动游戏市场的布局.
在1季度,我们月成立了一家专注于手游的子公司.
该子公司将我们利用久邦数、代理以及推广.
最后,我们对GO桌面进行了优化,通过我们专利的算法,我们可以更好的分析用户的喜好和习惯我们针对游戏的全方位策略,以及GetJar收购等移动广告相关的战略均体现了我们公司为实现业务和财务增长所作的努力.
我们希望不断丰富的产品线,加速用户从而提升公司变现的能力以实现业务长期增长.
initiativesinmobileadvertising,wealsoacceleratedourstrategicexpansionacquisitionsofonlinegamecompaniesduringthequarter.
Inordertomobilegaming,inFebruary2014,weestablishedagamefocused.
Thissubsidiarywillbefocusedondeveloping,licensingandpromotingmobilegamesthroughourbroadeningmobileplatform.
Last,wealsorecentlylauncheda"HotGame"folderonourproprietaryback-endalgorithm,thisfeatureisdesignedtomobilegamerecommendationsbasedonuserpreferencesexhibitedwhileusingGOmobilegame-focusedinitiativescombinedwithourstrategicacquisitionofinitiatives;demonstrateourstrongcommitmenttosimultaneouslydiversifyingourofferingtoaccelerateuseradaptionstrengtheningourmonetizationeffortsweaimtodriveincreasedrevenue我们也在不断引进优秀的安卓移动应用,以巩固公司作为全球领先发行商的优势地位的合作就是此工作中的重要一环.
凭借公司强大的全球网络布局和不断完善的国际市丰富的移动安全和工具类的应用发行到更广大的世界舞台同时为公司的海外用户提供更加优化的移动产品体验.
此外,我们希望借助奇虎360强势的国内开拓广阔的中国市场.
我们希望这样一系列的举措,能够进一步加强公司在国际和国内市场移动应用发行的绝对优势.
strengthenedadvertisingsolutionsandenhancedmobilegameoffering,westrivedtobybringingindustryleadingmobileappstointernationalwithQihoo360isanotherelementinthisstrategy.
Byleveragingourgrowinginternationalmarketingknow-how,weaimtobringQihoo360'swiderangeofmobilesecurityandutilityappstotheglobalstage,furtherimprovingthemobileexperiencewithQihoo360,wealsoexpecttoexpandouruserreachinChinauldomesticdistributionnetwork.
WecontinuetoenhanceourpositionasaleadingAndroidapppublishernotonlyinternationallybutalsointhedomesticChinese但是会促进我们更好地发挥其平台ourmobileappandproductsservices,weremainWearealreadyartmobiledataanalyticscapabilitiestoimprovethetargetingandefficiencyofourmobileadsolutions.
Aswementprocess.
Thiswillhelphowanddrivelongtermtopandbottomlinegrowth.
Overthenextseveralquarters,wewillcontinuetoinvestintoGetJar'sbusinesshelpingtofurtherleveragetheir我们收购了该子公司将我们利用久邦数,推出了我们可以更好的分析用户的喜好和习惯,收购等移动广告相关的战加速用户strategicexpansionintoInordertogamefocused.
Thissubsidiarywillbefocusedondeveloping,licensingandpromotingmobilegamesrecentlylauncheda"HotGame"folderonourhisfeatureisdesignedtoofferusingGOcombinedwithourstrategicacquisitionofstrongcommitmenttoachievingtoaccelerateuseradaptiontodriveincreasedrevenueand以巩固公司作为全球领先发行商的优势地位.
凭借公司强大的全球网络布局和不断完善的国际市丰富的移动安全和工具类的应用发行到更广大的世界舞台,强势的国内能够进一,westrivedtoindustryleadingmobileappstointernationalusers.
everagingourstrong360'swidemobileexperienceforinChina'sdistributionnetwork.
WecontinuetoenhanceouralsointhedomesticChinese在国际业务拓展方面,我们也颇有成效GO桌面韩国合资公司,以更加专注地开拓韩国这个全球最大智能手机市场关重要,不仅仅是因为安卓系统在韩国拥有绝对领先的市场份额化和定制化用户体验有着格外的热情.
产品在韩国的优势地位和变现能力.
Moreover,withourcontinuedinternationalexpansioninitiatives,wemadeasignificantpushKoreanmarketthroughestablishingGOLauncherKoreaHoon-TackJung,thechairmanofiHQ,allowsustowiththehighestpercentageofsmartphonepenetrationintheworldimportanceforourAndroid-basedbusinessnotonlybecausettheAndroidsystem,butalsobecauseithaspassionateaboutpersonalizationandcustomizwithMr.
JungtofurthersolidifyGOLauncher'smarketleadingpositionandstrengthenmonetizationopportunitiesinSouthKorea.
凭借我们已建立的全球领导地位,广泛认可的产品和服务实丰富我们的产品,以不断优化的用户体验网市场.
Withourestablishedleadership,wellrecognizedproductsandservices,aswellaswearecommittedtofurthergrowourproductportfolioanever-improvingmobileexperienceandmarketbothinternationallyanddomestically.
下面我将请我们的CFOWinston为我们介绍具体的财务业绩IwillnowturnthecallovertoourCFO,WinstonLiforourdetailedfinancialresults.
WinstonLi–FinancialResultsThankyou,Yuqiangandgoodmorningeveryone.
BeforeIgetintoourdetailedresults,I'dliketohighlightthatwecontinuedourstrongtopandbottomlinefinancialperformance.
ExcludingtheimpactoftheGetJaracquisition,ourtotalrevenuegrewatyear-over-yearrateandnetmarginincreasedto22.
5%from19.
4%intheprioryearperiod.
Moreimportantly,ouradjustedEBITandadjustednetincome,excludingtheimpactoftheGetJaracquisition,increasedby113.
0%and162.
7%respectivelyfrompriorcontinuetofacilitateintegration,streamlineouroperations,anddeliverrevenuegrowthandmarginimprovementinthecomingquarters.
Now,I'dliketoclarifythatallthefinancialnumberswearepresenperformancesinRenminbiamountsunlessotherwisenoted.
ConsolidatedfinancialmeasuresincludedourGetJaracquisitionwhichclosedonFebruarychanges,unlessotherwisenoted.
Withourquarterlyfinancialhighlights:我们也颇有成效.
在第一季度,我们与iHQ的主席郑勋卓先生共同更加专注地开拓韩国这个全球最大智能手机市场.
韩国市场对于我们至不仅仅是因为安卓系统在韩国拥有绝对领先的市场份额,更关键的是韩国用户对于个性.
未来,我们会和郑勋卓先生通力合作,巩固、加强Moreover,withourcontinuedinternationalexpansioninitiatives,wemadeasignificantpushGOLauncherKoreathisquarter.
ThisjointventurewithMr.
Teddyallowsustoestablishadedicatedpresenceinthishugemarketphonepenetrationintheworld.
TheKoreanmarketisofbasedbusinessnotonlybecausethisregionisoverwhelminglydominateithasalargebaseofsophisticatedsmartphoneuserscustomizationintheirsmartphoneexperience.
WewillworkcloselytofurthersolidifyGOLauncher'smarketleadingpositionandstrengthenmonetization广泛认可的产品和服务,强力有效的战略举措,我们将不断充以不断优化的用户体验,把握住日益国际化和以移动应用为主导的移动互联Withourestablishedleadership,wellrecognizedproductsandservices,aswellasourstrategicinitiatives,furthergrowourproductportfolio.
Wealsoaimtoprovideourexpandingandcapitalizeontheincreasinglyapp-centricmobileinternetmarketbothinternationallyanddomestically.
为我们介绍具体的财务业绩.
ertoourCFO,WinstonLiforourdetailedfinancialresults.
Thankyou,Yuqiangandgoodmorningeveryone.
BeforeIgetintoourdetailedresults,I'dliketohighlightthatwecontinuedourstrongtopandbottomline.
ExcludingtheimpactoftheGetJaracquisition,ourtotalrevenuegrewatyearrateandnetmarginincreasedto22.
5%from19.
4%intheprioryearperiod.
Moreimportantly,ouradjustedEBITandadjustednetincome,excludingtheimpactoftheGetJaracquisition,increasedby113.
0%and162.
7%respectivelyfromprioryearperiod.
Thiswillgraduallydiminishaswecontinuetofacilitateintegration,streamlineouroperations,anddeliverrevenuegrowthandmarginNow,I'dliketoclarifythatallthefinancialnumberswearepresentingtodayareconsolidatedfinancialperformancesinRenminbiamountsunlessotherwisenoted.
ConsolidatedfinancialmeasuresincludedourGetJaracquisitionwhichclosedonFebruary7,2014.
Allpercentagechangesrefertoyear-otherwisenoted.
Withourquarterlyfinancialhighlights:共同建立了韩国市场对于我们至更关键的是韩国用户对于个性加强GO桌面Moreover,withourcontinuedinternationalexpansioninitiatives,wemadeasignificantpushintothewithMr.
Teddyhugemarket.
TheKoreanmarketisofparticulardominatedbysophisticatedsmartphoneuserswhoareworkcloselytofurthersolidifyGOLauncher'smarketleadingpositionandstrengthenmonetization我们将不断充把握住日益国际化和以移动应用为主导的移动互联strategicinitiatives,expandinguserbasecentricmobileinternetBeforeIgetintoourdetailedresults,I'dliketohighlightthatwecontinuedourstrongtopandbottomline.
ExcludingtheimpactoftheGetJaracquisition,ourtotalrevenuegrewata57%yearrateandnetmarginincreasedto22.
5%from19.
4%intheprioryearperiod.
Moreimportantly,ouradjustedEBITandadjustednetincome,excludingtheimpactoftheGetJaracquisition,willgraduallydiminishaswecontinuetofacilitateintegration,streamlineouroperations,anddeliverrevenuegrowthandmargintingtodayareconsolidatedfinancialperformancesinRenminbiamountsunlessotherwisenoted.
Consolidatedfinancialmeasuresincludedour-over-yearForthefirstquarterof2014,ourtotalrevenuesfromthesameperiodlastyear.
Totalrevenues,quarterof2014increasedby56.
8%toRMB93.
0millionfromprioryearperiod.
Revenuesfrommobileapplicationproductsandservicesinthefirstquarterof2014.
Thisincreasewasprimarilydrivenbyincreaseinrevenuesfromthird-partyadvertisingnetworkstoRMB17.
4millionand10over-yearincreaseinrevenuesfromdirectadvertisingservicestoRMB15.
2million.
RevenuesfrommobilereadingservicesanincreasinguserbaseandgrowingsubscriptionstotheCompany'sonlineliterarycontentRevenuesfrommobileportalmarketingservicecontinuousshiftinadvertisers'preferredmobilemarketingmediumtoindividualmobileapplicationsandawayfrommobileinternetportals.
Revenuesfromothers,whichprimarilyconsistofthepromotionofthirdapplicationsorvalue-addedservices,increasedby113.
4%to9.
7million.
Grossprofitincreasedby67.
2%to65.
1millionacquisition,increasedby67.
9%toRMB65.
4millioninthefirstquarterof2014andthegrossmargin,excludingtheGetJaracquisition,increasedto70.
3%from65.
6%intheprioryearperiod.
grossmarginsweremainlyattributabletotheimprovedcostassociatedwiththeCompany'sgrowingbusinessaswellastheincreasinglyoptimizedmobileapplicationproductandservicemix.
Totaloperatingexpensesforthefirstquarterof2014increasedto53.
8million.
Operatingincomewas11.
3million.
Operatingincome,increasedby39.
1%toRMB18.
0millioninthefirstquarterof2014.
Theoperatingmargin,impactoftheGetJaracquisition,was19.
4%compintheoperatingmargin,excludingtheimpactofthecompensationcostsaswellasforeigncurrencyexchangelossAttributedtogrowinginvestmentincomeandinterestderivedfromdepositinfirstquarter2014,incomeincreasedby23.
7%to14.
2million.
increasedby82.
1%toRMB20.
9millioninthefirstqtheGetJaracquisition,increasedto22.
5%from19.
4%intheprioryearperiod.
AdjustedEBITincreasedby61.
9%to21.
3millionAdjustednetincomeincreasedby105.
2%to23.
9million.
DilutedearningsperADSincreasedsignificantlyto0.
40RMBfromadilutedlossperADSof0.
34RMB.
AdjusteddilutedearningsperADSinthefirstquarterof2014increasedto0.
67RMBfromdilutedlossperADSofRMB0.
33lastyear.
Adjusteddilutedearningspeacquisition,increasedto0.
86RMB.
totalrevenuescameinat96.
7million,representinga63.
0%increaseTotalrevenues,excludingtheimpactoftheGetJaracquisition,forthefirstquarterof2014increasedby56.
8%toRMB93.
0millionfromprioryearperiod.
Revenuesfrommobileapplicationproductsandservicesincreasedby103.
2%to48.
7millionThisincreasewasprimarilydrivenbya205.
3%year-partyadvertisingnetworkstoRMB17.
4millionand105yearincreaseinrevenuesfromdirectadvertisingservicestoRMB15.
2million.
obilereadingservicesincreasedby42.
3%to27.
5millionprimarilydrivenbyanincreasinguserbaseandgrowingsubscriptionstotheCompany'sonlineliterarycontentRevenuesfrommobileportalmarketingservicedecreasedto10.
7millionprimarilyduecontinuousshiftinadvertisers'preferredmobilemarketingmediumtoindividualmobileapplicationsandawayfrommobileinternetportals.
,whichprimarilyconsistofthepromotionofthird-partyprovidedmobileaddedservices,increasedby113.
4%to9.
7million.
increasedby67.
2%to65.
1million.
Grossprofit,excludingtheimpactoftheincreasedby67.
9%toRMB65.
4millioninthefirstquarterof2014andthegrossmargin,increasedto70.
3%from65.
6%intheprioryearperiod.
TheincreaseingrossmarginsweremainlyattributabletotheimprovedcostefficiencyresultingfromthescaleeffectassociatedwiththeCompany'sgrowingbusinessaswellastheincreasinglyoptimizedmobileapplicationforthefirstquarterof2014increasedto53.
8million.
Operatingincome,excludingtheimpactoftheGetJaracquisition,increasedby39.
1%toRMB18.
0millioninthefirstquarterof2014.
Theoperatingmargin,excludingthewas19.
4%comparedwith21.
9%intheprioryearperiod.
ThedecreaseexcludingtheimpactoftheGetJaracquisition,wasprimarilyduetoshareforeigncurrencyexchangeloss.
Attributedtogrowinginvestmentincomeandinterestderivedfromdepositinfirstquarter2014,increasedby23.
7%to14.
2million.
Netincome,excludingtheimpactoftheGetJaracquisition,increasedby82.
1%toRMB20.
9millioninthefirstquarterof2014.
Netmargin,excludingtheimpactofincreasedto22.
5%from19.
4%intheprioryearperiod.
increasedby61.
9%to21.
3million.
increasedby105.
2%to23.
9million.
increasedsignificantlyto0.
40RMBfromadilutedlossperADSofinthefirstquarterof2014increasedto0.
67RMBfromdilutedlossAdjusteddilutedearningsperADS,excludingtheimpactoftheGetJarmillion,representinga63.
0%increaseforthefirstincreasedby103.
2%to48.
7million-over-year5.
4%year-primarilydrivenbyanincreasinguserbaseandgrowingsubscriptionstotheCompany'sonlineliterarycontent.
decreasedto10.
7millionprimarilyduetocontinuousshiftinadvertisers'preferredmobilemarketingmediumtoindividualmobilepartyprovidedmobileexcludingtheimpactoftheGetJarincreasedby67.
9%toRMB65.
4millioninthefirstquarterof2014andthegrossmargin,TheincreaseinefficiencyresultingfromthescaleeffectassociatedwiththeCompany'sgrowingbusinessaswellastheincreasinglyoptimizedmobileapplicationacquisition,excludingthearedwith21.
9%intheprioryearperiod.
Thedecreaseshare-basedAttributedtogrowinginvestmentincomeandinterestderivedfromdepositinfirstquarter2014,netacquisition,excludingtheimpactofincreasedsignificantlyto0.
40RMBfromadilutedlossperADSofinthefirstquarterof2014increasedto0.
67RMBfromdilutedlossrADS,excludingtheimpactoftheGetJarAsofMarch31,2014,theCompanyhadcashandcashequivalentsof294.
7milliondepositsofRMB424.
0million(US$68.
2million)Forthesecondquarterof2014,wecurrentlyexpectournetmillionRMB,representingyear-over-yeargrowthofapproximatelyreflectourCompany'scurrentandpreliminaryviewonthemarketandoperationalconditions,whicharesubjecttochange.
Thisconcludesourpreparedremarksfortoday.
,theCompanyhadcashandcashequivalentsof294.
7million,aswellastimedepositsofRMB424.
0million(US$68.
2million).
,wecurrentlyexpectournetrevenuetobebetween100millionandyeargrowthofapproximately25%to32.
5%.
Theseforecastsandpreliminaryviewonthemarketandoperationalconditions,whichareThisconcludesourpreparedremarksfortoday.
,aswellastimemillionand106%.
Theseforecastsandpreliminaryviewonthemarketandoperationalconditions,whichare