China Financial Results 19/11/13 – LightInTheBox, Qunar, Trina Solar, Xueda Education, China Housing & Land, China Digital TV, China Xinyia Fashion

LightInTheBox Holding Co., Ltd. Reports Third Quarter 2013 Financial Results

  • Net revenues were $68.1 million, an increase of 33.4% from $51.1 million in the same quarter of 2012, primarily driven by an increase of 74.7% in total number of customers served in the third quarter of 2013.
  • Gross margin increased by 160 basis points to 43.9% from 42.3% in the same  quarter of 2012.
  • Adjusted operating loss (non-GAAP) was $2.5 million, compared to an  adjusted operating income of $0.4 million in the same quarter of 2012.
  • Net loss was $2.4 million, compared to a net loss of $1.0 million in the same quarter of 2012.
  • Adjusted net loss (non-GAAP) was $1.9 million, compared to an adjusted net loss of $0.2 million in the same quarter of 2012.
  • Revenue attributed to repeat customers increased 92.0% to $23.8 million from the same quarter of 2012.

Qunar Reports Unaudited Third Quarter 2013 Financial Results

  • Total revenues for the third quarter of 2013 were RMB241.1million (US$39.4  million), an increase of 57.5% year-on-year.
  • Mobile revenues for the third quarter of 2013 were RMB35.3 million (US$5.8 million), an increase of 386.0% year-on-year, representing 14.6% of total  revenues.
  • Total number of web and mobile users for the 12-month period ended  September 30, 2013 was 218.2 million and 46.7 million, compared to 173.8  million and 16.1 million, respectively, in the 12-month period ended  September 30, 2012.
  • Gross profit for the third quarter of 2013 was RMB191.4 million (US$31.3 million), an increase of 50.5% year-on-year and 39.0% quarter-on-quarter.
  • Operating loss for the third quarter of 2013 was RMB36.4 million (US$5.9 million), compared to RMB8.1 million in the corresponding period of 2012 and RMB29.7 million in the second quarter of 2013.

Trina Solar Announces Third Quarter 2013 Results

  • Net revenues were $548.4 million, an increase of 24.4% from the second  quarter of 2013
  • Gross profit was $83.4 million, an increase of 62.9% from the second  quarter of 2013
  • Gross margin was 15.2%, compared to 11.6% in the second quarter of 2013
  • Operating income was $6.0 million, compared to an operating loss of $23.9 million in the second quarter of 2013
  • Operating margin was 1.1%, compared to negative 5.4% in the second quarter  of 2013
  • Net income was $9.9 million, compared to a net loss of $33.7 million in  the second quarter of 2013
  • Earnings per fully diluted American Depositary Share (“ADS” and each ADS represents 50 of the Company’s ordinary shares) was $0.14, compared to loss per fully diluted ADS of $0.47 in the second quarter of 2013

Xueda Education Group Reports Third Quarter 2013 Financial Results

  • Total net revenues increased 14.2% to $79.4 million from $69.5 million.
  • Gross profit increased 74.3% to $23.2 million from $13.3 million.
  • Gross margin increased 1,000 basis points to 29.2% from 19.2%.
  • Net income attributable to Xueda Education Group increased to $1.2 million  from -$3.6 million.
  • Diluted net income attributable to Xueda Education Group per American  Depositary Share (“ADS”) was $0.02, compared to -$0.05.
  • Non-GAAP diluted net income attributable to Xueda Education Group per ADS was $0.04, compared to -$0.05.

China Housing & Land Development Inc. Announces Third Quarter 2013 Financial Results

  • Total revenue in the third quarter of 2013 was $24.8 million compared to  $57.8 million in the second quarter of 2013 and $28.7 million in the third  quarter of 2012.
  • Gross profit decreased to $4.9 million in the third quarter of 2013 compared to $17.6 million in the second quarter of 2013 and $6.5 million in the third quarter of 2012. Third quarter 2013 gross margin was 19.8%,  compared with 30.4% in the second quarter of 2013 and 22.5% in the third quarter of 2012.
  • Operating loss was $0.7 million in the third quarter of 2013 compared to operating income of $8.5 million in the second quarter of 2013, and operating income of $2.5 million in the third quarter of 2012.
  • Net loss attributable to the Company in the third quarter of 2013 was $0.8 million, or $0.02 per diluted share, compared to net income of $5.9 million, or $0.17 per diluted share, in the second quarter of 2013 and $1.6 million, or $0.04 per diluted share, in the third quarter of 2012.

China Xiniya Fashion Limited Reports 2013 Third Quarter Financial Results

  • Revenue during the third quarter of 2013 decreased 6.7% to RMB389.8 million, from RMB417.9 million in the third quarter of 2012; within the prior guidance range of (7)% to (2)%.
  • Gross margin was 29.7% in the third quarter of 2013 as compared to 34.5% in the third quarter of 2012.
  • Profit before taxation during the third quarter of 2013 decreased 88.4% to RMB8.7 million, from RMB74.8 million in the third quarter of 2012.
  • Net profit in the third quarter of 2013 decreased 89.4% to RMB6.0 million, from RMB56.4 million in the third quarter of 2012.
  • Earnings per ADS were $0.02 in the third quarter of 2013 as compared to $0.16 per ADS in the third quarter of 2012; within the prior guidance  range of $0.01 to $0.06 per ADS.
  • Xiniya’s network of authorized retailers had a net reduction of 23 retail outlets in the third quarter of 2013; consisting of 78 new retail outlets opened and 101 retail outlets closed. As of September 30, 2013 the total  number of authorized retail outlets was 1,635.

China Digital TV Announces Unaudited Third Quarter 2013 Results

  • Net revenues in the third quarter of 2013 were US$23.1 million, representing a 13.5% increase from the same period in 2012 and a 26.9% increase from the second quarter of 2013.
  • China Digital TV shipped approximately 4.76 million smart cards in the third quarter of 2013, compared to 3.84 million in the same period in 2012 and 3.58 million in the second quarter of 2013.
  • Gross margin in the third quarter of 2013 was 74.0%, compared to 75.8% in the same period in 2012 and 76.7% in the second quarter of 2013.
  • Diluted earnings per American depositary share (one ADS representing one ordinary share), or ADS, in the third quarter of 2013 were US$0.08, compared to net loss US$0.19 in the same period in 2012.
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