SAN FRANCISCO, February 1,
ken griffey shoes, morning news, Baidu announced today that as of December 31, 2010 fiscal fourth quarter and full year unaudited financial statements. The report shows Baidu fourth quarter total revenues of 2.451 billion yuan (about 371.3 million U.S. dollars),
dunk heels, up 94.4%; fourth quarter net profit of 1.161 billion yuan (about 175.9 million U.S. dollars), up 171.3% .
main results:
- Baidu fourth quarter total revenues of 2.451 billion yuan (about 371.3 million U.S. dollars), up 94.4%;
- Baidu 2010 total revenues of 7.915 billion yuan (about $ 1.199 billion), compared with 2009 growth of 78.0%;
- Baidu fourth-quarter operating profit of 1.275 billion yuan (about 193.2 million U.S. dollars), up 175.8%;
- Baidu in 2010 operating profit of 3.959 billion yuan (about 599.8 million U.S. dollars),
griffey max 1, compared with 2009 growth of 146.7%;
- Baidu net profit for the fourth quarter of 1.161 billion yuan (about 175.9 million U.S. dollars), up 171.3%;
- Baidu fourth quarter diluted earnings per share 3.32 yuan (about $ 0.50); ??excluding stock-based compensation expenses (non U.S. GAAP), Baidu fourth quarter diluted earnings per share 3.40 yuan ( about $ 0.52);
- Baidu net profit for 2010,
running shoes asics, 3.525 billion yuan (about 534.1 million U.S. dollars), compared with 2009 growth of 137.4%;
- Baidu 2010 diluted earnings per share for the 10.10 yuan (about $ 1.53); excluding stock-based compensation expenses (non U.S. GAAP), Baidu in 2010 diluted earnings per share 10.36 yuan (about $ 1.57). Baidu in 2010 with the Japanese business-related costs and expenses of 182.4 million yuan (about $ 27.6 million),
micheal jordan heels, the impact on diluted earnings per share of 0.49 yuan (about U.S. $ 0.07).
Robin Li, Baidus chairman and chief executive officer, said: "This is another Baidu outstanding performance of the quarter, market momentum and our commercial performance is driving revenue growth continues to improve."
Li further said: "Baidu is continuing to increase significantly in the Chinese search market leadership position. Looking ahead, we will further integrate search and social networking and e-commerce and other network activities. I am convinced that Baidu will remain in Chinas Internet ecology center of the system. "
Baidu CFO Li Xin said: "I am very pleased to once again achieve growth in revenue and net profit for the quarter and I very excited to note that in 2010 our revenue growth rate is accelerating; Although the major investment, but profits still hit record levels as we continue to focus developing markets and drive revenue growth, we will continue to research and development, sales, marketing and network infrastructure and other areas to invest aggressively. "
2010 fourth quarter financial analysis:
Baidu fourth quarter total revenues of 2.451 billion yuan (about 371.3 million U.S. dollars),
griffey 1, an increase of 94.4%.
Baidu Online marketing revenues for the fourth quarter of 2.45 billion yuan (about 371.3 million U.S. dollars), an increase of 94.4%. Fourth quarter of 2010, Baidu number of active online marketing customers about 276,000, up 23.8% sequentially and up 1.5%. Baidu fourth
quarter from each online marketing customer average revenue is about 8900 yuan (about $ 1,
nike air griffey max one,348),
air jordan high heels, up 56.1% sequentially and up 7.2%.
the fourth quarter of Baidu traffic acquisition costs (TAC) of 199.4 million yuan (about $ 30.2 million), the proportion of total revenues 8.1%, compared to 16.0%, 8.9% the previous quarter . Baidu traffic acquisition costs in the proportion of revenue decline, mainly reflecting the previous few quarters to take measures to optimize the flow of the continuing impact.
Baidu bandwidth costs for the fourth quarter of 99.2 million yuan (about $ 15 million), the proportion of total revenues was 4.0%, compared to 4.3%; depreciation cost of 98 million yuan (about $ 14.8 million), the proportion of total revenues was 4.0%, compared to 5.4%.
Baidu fourth quarter selling, general and administrative expenses 313.2 million yuan (about $ 47.5 million),
nike air griffey max gd ii, up 41.2%, mainly due to employee related expenses and marketing spending.
Baidu R & D expenditures for the fourth quarter of 231.9 million yuan (about $ 35.1 million), up 86.4%, mainly due to increased R & D employees.
Baidu stock compensation expense for the fourth quarter of 2820 yuan (about $ 4.3 million), compared to 18.7 million yuan, the last quarter of 24.4 million yuan.
Baidu fourth-quarter operating profit of 1.275 billion yuan (about 193.2 million U.S. dollars), up 175.8 percent. Excluding share-based compensation expenses (non U.S. GAAP), Baidu fourth-quarter operating profit 1.303 billion yuan (about 197.4 million U.S. dollars), up 171.0 percent.
Baidu income tax expense for the fourth quarter of 159.6 million yuan (about $ 24.2 million), compared to income tax expense was 70.9 million yuan. Baidu fourth quarter effective tax rate was 12.1%, 13.6% the previous quarter, compared to 14.2%.
Baidu net profit for the fourth quarter of 1.161 billion yuan (about 175.9 million U.S. dollars), up 171.3 percent. Baidu fourth quarter basic and diluted earnings per share were 3.33 yuan (about $ 0.51) and 3.32 yuan (about 0.50 U.S. dollars).
Excluding stock-based compensation expenses (non U.S. GAAP), Baidu net profit for the fourth quarter of 1.189 billion yuan (about 180.1 million U.S. dollars), up 166.2 percent; basic and diluted earnings per share were RMB 3.41 yuan (about 0.52 U.S. dollars) and 3.40 yuan (about 0.52 U.S. dollars).
As of December 31, 2010, Baidu held cash, cash equivalents and short-term investments totaled 8.158 billion yuan (about $ 1.236 billion). Baidu net fourth-quarter operating cash flow and capital expenditures were 1.77 billion yuan (about 268.1 million U.S. dollars) and 362.1 million yuan (about $ 54.9 million).
Excluding interest, taxes, depreciation, amortization,
dunk heels, other non-operating income and stock-based compensation expenses (non U.S. GAAP), Baidu fourth-quarter adjusted net profit of 1.435 billion yuan (about 217.5 million dollars),
nike high heels, an increase of 152.4%.
2010 for the financial analysis:
Baidu in 2010 total revenues of 7.915 billion yuan (about $ 1.199 billion), up 78.0% over 2009.
Baidu Online marketing revenues for 2010, 7.913 billion yuan (about $ 1.199 billion), up 78.0% over 2009. Baidu substantial revenue growth in network marketing, mainly due to the number of active online marketing customers and revenue per customer increase. Baidu 2010 active network
network marketing, the number of over 412,000 customers, up 30.0% over 2009. Baidu in 2010 from each online marketing customer average revenue is about 19,200 yuan (about $ 2,909), up 37.1% over 2009.
Baidu 2010 traffic acquisition costs (TAC) for the people of 758.1 million yuan (about 114.9 million U.S. dollars),
air griffey max 1, the proportion of total revenues 9.6% in 2009 to 15.7%. Baidu traffic acquisition costs in the proportion of revenues increased primarily due to Baidu Union members contribute to revenue growth.
Baidu in 2010 to 310.5 million yuan broadband costs (about $ 47.1 million), the proportion of total revenues 3.9% 2009 4.6%; depreciation cost of 331.7 million yuan (about 5030 million), the proportion of total revenues 4.2%,
griffey jr shoes, 5.6% in 2009.
Baidu in 2010 selling, general and administrative expenses were 1.089 billion yuan (about $ 165 million), up 35.4% over 2009, mainly due to increased compensation and marketing expenses.
Baidu R & D expenditures in 2010 for the 718 million yuan (about 108.8 million U.S. dollars), up 69.9% over 2009, mainly due to increased R & D employees.
Baidu stock compensation expense in 2010 to 93.7 million yuan (about $ 14.2 million) in 2009 to 86.3 million yuan.
Baidu in 2010 operating profit of 3.959 billion yuan (about 599.8 million U.S. dollars), up 146.7% over 2009. Excluding share-based compensation expenses (non U.S. GAAP), Baidu in 2010 operating profit of 4.053 billion yuan (about $ 614 million), up 139.6 percent over 2009.
Baidu net profit in 2010 3.525 billion yuan (about 534.1 million U.S. dollars), up 137.4 percent over 2009. Baidu 2010 basic and diluted earnings per share were 10.13 yuan (about $ 1.54) and 10.10 yuan (about 1.53 U.S. dollars).
Baidu in 2010 to 536 million yuan income tax expense (about $ 81.2 million), compared to income tax expense of 198 million yuan. Baidu fourth quarter effective tax rate was 13.2%, 11.8% in 2009.
Excluding stock-based compensation expenses (non U.S. GAAP), Baidu in 2010 net profit 3.619 billion yuan (about 548.3 million U.S. dollars),
purple heels, up 130.3% over 2009; basic and diluted earnings per share were 10.40 yuan (about $ 1.58) and 10.36 yuan (about 1.57 U.S. dollars).
Baidu 2010 net operating cash flow and capital expenditures were 4.7 billion yuan (about 712.2 million U.S. dollars) and 895.3 million yuan (about 135.7 million U.S. dollars).
Excluding interest, taxes, depreciation, amortization, other non-operating income and stock-based compensation expenses (non U.S. GAAP), Baidu in 2010 adjusted net profit of 4.501 billion yuan (about $ 682 million ), an increase of 124.1% in 2009.
outlook:
Baidu first quarter 2011 total revenues of 2.38 billion yuan (about 360.6 million U.S. dollars) to 2.45 billion yuan (about 371.2 million U.S. dollars), up 83.9% to 89.3%. Baidus forecast for first quarter results represent the current and preliminary view, the future may be adjusted.
conference call:
After the earnings announcement, Baidu will be U.S. Eastern Time at 20:00 on January 31 (Beijing time at 9:00 on February 1) conference call. Baidus management will attend the conference, results and highlights and to answer questions raised by analysts and investors. Baidu To listen to the conference call, U.S. investors may dial +1 6172138895, UK investors can call +44 2073658426, Hong Kong, China, investors can call +852 30021672, passwords are 52,853,772.
U.S. Eastern Time on February 8 (February 9, Beijing time), the international investors may dial +1 617 801 6888, conference call recordings to listen to Baidu, the password is 50410760. In addition,
nike high heels, investors can also access the Baidu website ir.baidu.com listen to the conference call and audio webcast. (Tang)