CTRP~ 37.88 AH +4.86
Highlights for the First Quarter of 2009
-- Net revenues were RMB401 million (US$59 million) for the first quarter
of 2009, up 18% year-on-year.
-- Gross margin was 78% for the first quarter of 2009, compared to 80% in
the same period in 2008.
-- Income from operations was RMB135 million (US$20 million) for the first
quarter of 2009, up 23% year-on-year. Excluding share-based
compensation charges (non-GAAP), income from operations was RMB162
million (US$24 million), up 13% year-on-year.
-- Operating margin was 34% in the first quarter of 2009, compared to 32%
in the first quarter of 2008. Excluding share-based compensation
charges (non-GAAP), operating margin was 40%, compared to 42% during
the same period in 2008.
-- Net income was RMB121 million (US$18 million) in the first quarter of
2009, up 23% year-on-year. Excluding share-based compensation charges
(non-GAAP), net income was RMB148 million (US$22 million), up 12%
year-on-year.
-- Diluted earnings per ADS were RMB1.79 (US$0.26). Excluding share-based
compensation charges (non-GAAP), diluted earnings per ADS were RMB2.18
(US$0.32).
-- Share-based compensation charges were RMB27 million (US$4 million),
accounting for 7% of the net revenues, or RMB0.4 (US$0.06) per ADS, for
the first quarter of 2009.
America's in a state of renewal. We've gotta have the strength to
tie a few factories to a tree and bash 'em with a shovel.
