SAN FRANCISCO, May 9 (Reuters) -
51job, Inc.
Consolidated Statements of Operations
For the Three Months Ended
March 31, March 31, March 31,
2004 2005 2005
(unaudited) (unaudited) (unaudited)
RMB RMB USD (Note 1)
Revenues:
Print advertising
75,342,560 93,690,402 11,320,051
Online recruitment services
24,060,419 31,805,222 3,842,835
Executive search
3,519,745 6,938,222 838,303
Other human resource
related revenues
7,024,741 10,256,021 1,239,174
Total revenues
109,947,465 142,689,867 17,240,363
Less: Business and related tax
(5,091,727) (8,252,063) (997,047)
Net revenues
104,855,738 134,437,804 16,243,316
Cost of services
(53,611,580) (69,005,139) (8,337,478)
Gross profit
51,244,158 65,432,665 7,905,838
Operating expenses:
Sales and marketing
(13,603,702) (31,703,792) (3,830,580)
General and administrative
(15,170,955) (22,358,405) (2,701,432)
Share-based compensation -
share options (Note 2)
(8,755,475) (3,290,803) (397,608)
Total operating expenses
(37,530,132) (57,353,000) (6,929,620)
Income from operations
13,714,026 8,079,665 976,218
Interest and investment income
242,907 4,873,803 588,872
Other income 72,433 421,659 50,947
Income before provision for
income tax 14,029,366 13,375,127 1,616,037
Income tax expense
(5,216,883) (4,199,835) (507,441)
Net income 8,812,483 9,175,292 1,108,596
Amount allocated to
participating holders of
Series A Preference Shares
(2,839,604) -- --
Income attributable to common
shareholders
5,972,879 9,175,292 1,108,596
Earnings per share:
Basic 0. 21 0. 16 0. 02
Diluted 0. 19 0. 16 0. 02
Earnings per ADS (Note 3):
Basic 0. 41 0. 33 0. 04
Diluted 0. 39 0. 32 0. 04
Weighted average number of
common shares outstanding:
Basic
28,868,169 55,659,607 55,659,607
Diluted 30,913,517 57,618,226 57,618,226 Note 1: The conversion of RMB amounts into USD a |