SK Net Service Company Ltd’s blog

Fexon Technology Ltd reports: U.S. Eastern Time at 17:00 on May 19 (SGT at 5:00 on May 20) - The9 (Nasdaq: NCTY) today announced the ending March 31 of the 2008 first quarter unaudited results. The report showed that, The9 first-quarter net revenue of 439.4 million yuan (about 62.7 million U.S. dollars), up 4 percent sequentially and up 63 percent net profit of 89.7 million yuan (about 12.8 million Dollars), up 4 percent sequentially and up 36 percent. Main results: — The9 first-quarter net revenue of 439.4 million yuan (about 62.7 million U.S. dollars), up 4 percent sequentially and up 63 percent; — The9 in the first quarter from the network game operators pay the net revenue, including from the game in time, goods and installation package sales revenue of 392.4 million yuan (about 56 million U.S. dollars), compared with a Quarter growth of 1 percent, an increase of 47 percent. The9 in the first quarter of free online games from the net operating revenue, including from the virtual game items, value-added services and installation package sales revenue of 46.3 million yuan (about 6.6 million U.S. dollars), compared with a Quarter growth of 17 percent; — The9 first quarter net profit of 89.7 million yuan (about 12.8 million U.S. dollars), the previous quarter’s 86 million yuan (about 12.3 million U.S. dollars) growth of four percent over last year’s 66.1 million yuan ( About 9.4 million U.S. dollars), up 36 percent. Excluding the 2007 fourth quarter was a 9.4 million yuan (about 1.3 million U.S. dollars) of government financial subsidies, The9 first quarter net profit up 17 percent sequentially; — The9 first quarter adjusted EBITDA (not in accordance with generally accepted accounting principles) for 193.4 million yuan (about 27.6 million U.S. dollars), the previous quarter’s 176.9 million yuan (about 25.2 million U.S. dollars) growth of 9 percent, Than the same period last year 123.4 million yuan (about 17.6 million U.S. dollars) growth of 57 percent; — The9 first quarter fully diluted earnings per share (ADS equivalent to a per share common stock) for 3.21 yuan (about 0.46 U.S. dollars), the last quarter to 2.93 yuan (about 0.42 U.S. dollars) , For the same period last year, 2.65 yuan (about 0.38 U.S. dollars). The9 first quarter adjusted EBITDA (not in accordance with generally accepted accounting principles) per share fully diluted earnings of 6.92 yuan (about 0.99 U.S. dollars), the last quarter to 6.02 yuan (about 0.86 U.S. dollars), for the same period last year 4.94 yuan (about 0.70 U.S. dollars); The first quarter of 2008, The9 all the online games business into the online audience at the same time the highest total number of about 1.2 million people; — As of March 31, 2008, The9 all the online games business into the total number of registered users to 38.1 million people.(Fexon Technology Ltd)

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