【精选】Dangdang Announces Fourth Quarter and Fiscal Year 2010 Results comb.pdf

Dangdang Announces Fourth Quarter and Fiscal Year 2010 Results Net Revenue in Q4 2010 Increased by 58.7% Year-Over-Year Net Income in Fiscal 2010 Increased by 82.0% Year-Over-Year Beijing, China, March 9, 2011 -- E-Commerce China Dangdang Inc. (Dangdang or the Company) (NYSE: DANG), a leading B2C e-commerce company in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2010. Fourth Quarter and Fiscal Year 2010 Highlights • Total net revenues in the fourth quarter of 2010 were RMB 710.9 million ($ 107.7 million), a 58.7% increase from the corresponding period in 2009. • General merchandise revenues for the fourth quarter of 2010 were RMB 155.9 million ($ 23.6 million), an increase of 151.2% from the corresponding period in 2009, representing 21.9% of total revenues, compared to 13.9% in the corresponding period in 2009. • Total net revenues in fiscal year 2010 were RMB 2,281.7 million ($ 345.7 million), a 56.5% increase from 2009. • Operating profit in fiscal year 2010 was RMB 14.9 million ($2.3 million), a 36.3% increase from 2009. Operating profit excluding share-based compensation expenses (non-GAAP) in fiscal year 2010 was RMB 25.2 million ($ 3.8 million), a 68.8% increase from 2009. • Net income in fiscal year 2010 was RMB 30.8 million ($ 4.7 million), an 82.0% increase from 2009. • Net income excluding share-based compensation expenses (non-GAAP) in fiscal year 2010 was RMB 41.1 million ($ 6.2 million), a 96.4% increase from 2009. “I am pleased to report strong fourth quarter results. In a highly competitive environment we managed to grow revenues in the fourth quarter by 58.7% year-over-year, exceeding the revenue growth rate of the first nine-month period of 2010. Our strong brand recognition in China’s E-commerce market, ex