Welcome!

AJAX & REA Authors: Sebastian Kruk, RealWire News Distribution, Harald Zeitlhofer

News Feed Item

51job, Inc. Reports Fourth Quarter and Fiscal Year 2012 Financial Results

SHANGHAI, Feb. 20, 2013 /PRNewswire/ -- 51job, Inc. (Nasdaq: JOBS), a leading provider of integrated human resource services in China, announced today its unaudited financial results for the fourth quarter of 2012 and for the fiscal year ended December 31, 2012.

Fourth Quarter 2012 Financial Highlights:

  • Total revenues increased 7.4% over Q4 2011 to RMB397.3 million (US$63.8 million), exceeding the Company's guidance
  • Online recruitment services revenues increased 9.6% over Q4 2011 to RMB237.9 million (US$38.2 million)
  • Gross margin was 70.6% compared with 71.2% in Q4 2011
  • Income from operations increased 6.5% over Q4 2011 to RMB119.4 million (US$19.2 million)
  • Fully diluted earnings per common share were RMB2.06 (US$0.66 per ADS)
  • Excluding share-based compensation expense, loss from foreign currency translation and gain from sale of long-term investments as well as their related tax impact, non-GAAP adjusted fully diluted earnings per common share were RMB2.30 (US$0.74 per ADS), exceeding the Company's guidance

Fiscal Year 2012 Financial Highlights:

  • Total revenues increased 10.4% from 2011 to RMB1,512.2 million (US$242.7 million)
  • Gross margin increased to 72.0% compared with 71.5% in 2011
  • Operating income increased 10.1% over 2011 to RMB485.5 million (US$77.9 million)
  • Fully diluted earnings per common share were RMB7.92 (US$2.54 per ADS)
  • Excluding share-based compensation expense, loss from foreign currency translation and gain from sale of long-term investments as well as their related tax impact, non-GAAP adjusted fully diluted earnings per common share were RMB8.75 (US$2.81 per ADS)
  • Cash and short-term investments increased to RMB2,531.4 million (US$406.3 million) as of December 31, 2012

Commenting on the results, Rick Yan, President and Chief Executive Officer of 51job, Inc., said, "Against the backdrop of an uncertain economic climate in China, weaker hiring demand and the accelerated wind down of our print operations, we are pleased to have achieved revenue growth and improved profitability in 2012.  With a sharp focus on executing our product development and sales strategies, we made meaningful progress in our online business, expanding our customer base and enhancing the user experience of job seekers.  We also benefited from the increasing contribution from our other HR services, which maintained a healthy growth trajectory despite volatile market conditions.  Our initiatives for 2013 are centered on further strengthening our position as the leading platform connecting employers and individuals in China, and we look forward to capturing exciting opportunities over the coming year."

Fourth Quarter 2012 Unaudited Financial Results

Total revenues for the fourth quarter ended December 31, 2012 were RMB397.3 million (US$63.8 million), an increase of 7.4% from RMB369.8 million for the same quarter in 2011.

Online recruitment services revenues for the fourth quarter of 2012 were RMB237.9 million (US$38.2 million), representing a 9.6% increase from RMB216.9 million for the same quarter of the prior year.  The growth was principally due to an increase in the number of unique employers using the Company's online recruitment services, which was partially offset by a decrease in average revenue per unique employer.  Unique employers increased 18.3% to 183,446 in the fourth quarter of 2012 compared with 155,050 in the same quarter of the prior year driven by successful customer acquisition efforts and the growing usage of online recruitment services by employers.  However, average revenue per unique employer decreased 7.3% in the fourth quarter of 2012 as compared to the same quarter in 2011 due to reduced spending by employers amid a slower economic environment in China in 2012.

Print advertising revenues for the fourth quarter of 2012 decreased 53.5% to RMB12.7 million (US$2.0 million) compared with RMB27.3 million for the same quarter in 2011 primarily due to the ongoing shift in demand away from print advertising services.  The estimated number of print advertising pages generated in the fourth quarter of 2012 declined 55.6% to 377 from 850 pages in the same quarter in 2011.  In addition, due to the Company's decision to discontinue certain newspaper editions, the number of cities where 51job Weekly is published decreased to 7 as of December 31, 2012 from 14 cities as of December 31, 2011.

Other human resource related revenues for the fourth quarter of 2012 increased 16.8% to RMB146.8 million (US$23.6 million) from RMB125.6 million in the same quarter of 2011 primarily due to greater market demand for business process outsourcing services.

Gross profit for the fourth quarter of 2012 increased 7.2% to RMB268.7 million (US$43.1 million) from RMB250.8 million for the same quarter of the prior year.  Gross margin, which is gross profit as a percentage of net revenues, was 70.6% in the fourth quarter of 2012 compared with 71.2% in the same quarter in 2011.

Operating expenses for the fourth quarter of 2012 increased 7.7% to RMB149.4 million (US$24.0 million) from RMB138.7 million for the same quarter of 2011.  Operating expenses as a percentage of net revenues was 39.2% for the fourth quarter of 2012 compared with 39.4% for the fourth quarter of 2011.  Sales and marketing expenses for the fourth quarter of 2012 decreased 0.7% to RMB97.2 million (US$15.6 million) from RMB97.9 million for the same quarter of the prior year primarily due to lower advertising and promotion expenses, which was mostly offset by higher employee compensation expenses.  General and administrative expenses for the fourth quarter of 2012 increased 28.0% to RMB52.2 million (US$8.4 million) from RMB40.8 million in the fourth quarter of 2011 primarily due to higher employee compensation, rental and office expenses as well as bad debt provision.

Income from operations for the fourth quarter of 2012 increased 6.5% to RMB119.4 million (US$19.2 million) from RMB112.1 million for the same quarter of the prior year.  Operating margin, which is income from operations as a percentage of net revenues, was 31.4% in the fourth quarter of 2012 compared with 31.8% in the same quarter of 2011.  Excluding share-based compensation expense, operating margin would be 35.0% in the fourth quarter of 2012 compared with 34.9% in the same quarter of 2011.  Other income in the fourth quarter of 2012 included financial subsidies of RMB12.1 million (US$1.9 million) and a gain of RMB1.3 million (US$0.2 million) from the sale of the coupon advertising services business owned by Area Link Co., Ltd., an entity in which we made investments in 2007 and 2008.

Net income for the fourth quarter of 2012 increased 7.2% to RMB122.1 million (US$19.6 million) from RMB113.9 million for the same quarter in 2011.  Fully diluted earnings per common share for the fourth quarter of 2012 were RMB2.06 (US$0.33) compared with RMB1.93 for the same quarter in 2011.  Fully diluted earnings per ADS for the fourth quarter of 2012 were RMB4.11 (US$0.66) compared with RMB3.87 in the fourth quarter of 2011.

In the fourth quarter of 2012, the Company recognized total share-based compensation expense of RMB13.8 million (US$2.2 million) compared with RMB11.0 million in the fourth quarter of 2011.  The Company also recognized a loss from foreign currency translation of RMB1.8 million (US$0.3 million) in the fourth quarter of 2012 compared with RMB0.9 million in the fourth quarter of 2011.

Excluding share-based compensation expense, loss from foreign currency translation and gain from sale of long-term investments as well as their related tax impact, non-GAAP adjusted net income for the fourth quarter of 2012 increased 8.4% to RMB136.3 million (US$21.9 million) compared with RMB125.8 million for the fourth quarter of 2011.  Non-GAAP adjusted fully diluted earnings per common share were RMB2.30 (US$0.37) in the fourth quarter of 2012 compared with RMB2.14 in the fourth quarter of 2011.  Non-GAAP adjusted fully diluted earnings per ADS in the fourth quarter of 2012 were RMB4.59 (US$0.74) compared with RMB4.27 in the fourth quarter of 2011.

Fiscal Year 2012 Unaudited Financial Results

Total revenues for 2012 were RMB1,512.2 million (US$242.7 million), an increase of 10.4% from RMB1,370.1 million in 2011.

Unique employers using the Company's online recruitment services grew 11.5% to 272,322 in 2012 from 244,243 in 2011.  Employers who purchase online services multiple times or in multiple quarters throughout the fiscal year are counted as one unique employer for the annual total.  The estimated number of print advertising pages generated in 2012 decreased 54.1% to 2,742 compared with 5,980 estimated pages in 2011.

Income from operations for 2012 increased 10.1% to RMB485.5 million (US$77.9 million) from RMB441.2 million in 2011.  Net income for 2012 increased 21.6% to RMB470.1 million (US$75.5 million) from RMB386.5 million in 2011.  Fully diluted earnings per common share for 2012 increased to RMB7.92 (US$1.27) from RMB6.54 in 2011.  Fully diluted earnings per ADS for 2012 were RMB15.84 (US$2.54) compared with RMB13.09 in 2011.

Excluding share-based compensation expense, loss from foreign currency translation, loss from impairment and gain from sale of long-term investments as well as their related tax impact, non-GAAP adjusted net income for 2012 increased 15.8% to RMB519.8 million (US$83.4 million) from RMB448.9 million in 2011.  Non-GAAP adjusted fully diluted earnings per common share were RMB8.75 (US$1.41) for 2012 compared with RMB7.60 in 2011.  Non-GAAP adjusted fully diluted earnings per ADS for 2012 were RMB17.51 (US$2.81) compared with RMB15.20 in 2011.

As of December 31, 2012, the Company had cash and short-term investments totaling RMB2,531.4 million (US$406.3 million) compared with RMB2,054.0 million as of December 31, 2011.  Short-term investments consist of certificates of deposit with original maturities from three months to one year.

Business Outlook

For the first quarter of 2013, the Company's business outlook will be impacted by the late arrival of the Chinese New Year holiday relative to 2012, which will materially affect seasonality and year-over-year comparisons.  Based on current market conditions and an expected significant year-over-year decrease in print advertising revenues as the Company transitions away from this business, the Company's revenue target for the first quarter of 2013 is in the estimated range of RMB380 million to RMB400 million (US$61.0 million to US$64.2 million).  Excluding share-based compensation expense and any loss or gain from foreign currency translation as well as their related tax impact, the Company's non-GAAP fully diluted earnings target for the first quarter of 2013 is in the estimated range of RMB1.95 to RMB2.20 per common share (US$0.63 to US$0.71 per ADS).  The Company expects total share-based compensation expense in the first quarter of 2013 to be approximately RMB13 million to RMB14 million (US$2.1 million to US$2.2 million).

Other Company News

In November and December 2012, the Company discontinued the publication of 51job Weekly in Shanghai and Ningbo, respectively, but continues to maintain its facilities and all other operations in these cities.

In November 2012, the Company paid RMB3.1 million (US$0.5 million) to complete the acquisition of 5,400 square meters of office space in Guangzhou.  The total purchase price was RMB95.8 million (US$15.4 million).

Currency Convenience Translation

For the convenience of readers, certain Renminbi amounts have been translated into U.S. dollars at the rate of RMB6.2301 to US$1.00, the noon buying rate on December 31, 2012 in New York for cable transfers of Renminbi as set forth in the H.10 weekly statistical release of the Federal Reserve Board.

Conference Call Information

Management will hold a conference call at 8:00 p.m. Eastern Time on February 20, 2013 (9:00 a.m. Shanghai / Hong Kong time zone on February 21, 2013) to discuss its fourth quarter and fiscal year 2012 financial results, operating performance and business outlook.  To dial in to the call, please use conference ID 4594776 and the following telephone numbers:

US:

+1-877-941-6009

Hong Kong:

+852-3009-5027

International:

+1-480-629-9819

The call will also be available live and on replay through 51job's investor relations website, ir.51job.com.  Please go to the website at least fifteen minutes early to register or install any necessary audio software.

Use of Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with United States Generally Accepted Accounting Principles (GAAP), 51job uses non-GAAP measures of income before income tax expense, income tax expense, adjusted net income, adjusted earnings per share and adjusted earnings per ADS, which are adjusted from results based on GAAP to exclude share-based compensation expense, loss from foreign currency translation, loss from impairment and gain from sale of long-term investments as well as their related tax impact.  The Company believes excluding share-based compensation expense and its related tax impact from its non-GAAP financial measures is useful for its management and investors to assess and analyze the Company's core operating results as such expense is not directly attributable to the underlying performance of the Company's business operations and do not impact its cash earnings.  The Company believes excluding loss from foreign currency translation and its related tax impact from its non-GAAP financial measures is useful for its management and investors as such translation loss is not indicative of the Company's core business operations and will not result in cash settlement nor impact the Company's cash earnings.  The Company believes excluding the loss from impairment and gain from sale of long-term investments and its related tax impact from its non-GAAP financial measures is useful for its management and investors as such loss from impairment and gain from sale is unrelated to the Company's core business operations.  51job also believes these non-GAAP measures excluding share-based compensation expense, loss from foreign currency translation, loss from impairment and gain from sale of long-term investments, as well as their related tax impact, are important in helping investors to understand the Company's current financial performance and future prospects and to compare business trends among different reporting periods on a consistent basis.  The presentation of these additional measures should not be considered a substitute for or superior to GAAP results or as being comparable to results reported or forecasted by other companies.  The non-GAAP measures have been reconciled to GAAP measures in the attached financial statements.

About 51job

51job, Inc. (Nasdaq: JOBS) is a leading provider of integrated human resource services in China with a strong focus on recruitment related services.  Through online recruitment services at www.51job.com and print advertisements in 51job Weekly, 51job enables enterprises to attract, identify and recruit employees and connects millions of job seekers with employment opportunities.  51job also provides a number of other value-added human resource services, including business process outsourcing, training, executive search and compensation and benefits analysis. 51job has a call center in Wuhan and a nationwide sales office network spanning 25 cities across China.

Safe Harbor Statement

Statements in this release regarding targets for the first quarter of 2013, future business and operating results constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995.  These statements are based upon management's current expectations, and actual results could differ materially.  Among the factors that could cause actual results to differ are the number of recruitment advertisements placed, sales orders received and customer contracts executed during the remaining weeks of the first quarter of 2013; any accounting adjustments that may occur during the quarterly close; fluctuations in the value of the Renminbi against the U.S. dollar and other currencies; behavioral and operational changes of customers in meeting their human resource needs as they respond to evolving social, economic and political changes in China as well as stock market volatilities; introduction by its competitors of new or enhanced products or services; price competition in the market for the various human resource services that the Company provides in China; acceptance of new products and services developed or introduced by the Company outside of the human resources industry and fluctuations in general economic conditions.  For additional information on these and other factors that may affect the Company's financial results, please refer to the Company's filings with the Securities and Exchange Commission.  51job undertakes no obligation to update these targets prior to announcing final results for the first quarter of 2013 or as a result of new information, future events or otherwise.

Contact:

Rebecca Liu
Investor Relations
51job, Inc.
+(86-21) 6879-6250
[email protected]

51job, Inc.

Consolidated Statements of Operations and Comprehensive Income








For the Three Months Ended


December 31,
2011


December 31,
2012


December 31,
2012


(unaudited)


(unaudited)


(unaudited)

(In thousands, except share, per share and per ADS data)







RMB


RMB


USD (Note 1)

Revenues:






                Online recruitment services

216,937


237,861


38,179

                Print advertising

27,275


12,677


2,035

                Other human resource related revenues

125,621


146,774


23,559

Total revenues

369,833


397,312


63,773

Less: Business and related tax

(17,422)


(16,656)


(2,674)

Net revenues

352,411


380,656


61,099

Cost of services (Note 2)

(101,644)


(111,908)


(17,962)

Gross profit

250,767


268,748


43,137

Operating expenses:






                Sales and marketing (Note 3)

(97,925)


(97,195)


(15,601)

                General and administrative (Note 4)

(40,781)


(52,195)


(8,378)

Total operating expenses

(138,706)


(149,390)


(23,979)

Income from operations

112,061


119,358


19,158

Loss from foreign currency translation

(921)


(1,760)


(282)

Interest and investment income

11,911


16,186


2,598

Other income

5,367


13,443


2,157

Income before income tax expense

128,418


147,227


23,631

Income tax expense

(14,488)


(25,104)


(4,029)

Net income

113,930


122,123


19,602

Other comprehensive income:






                Currency translation adjustments

35


23


4

Comprehensive income

113,965


122,146


19,606

Earnings per share:






                Basic

2.00


2.12


0.34

                Diluted

1.93


2.06


0.33

Earnings per ADS (Note 5):






                Basic

4.00


4.23


0.68

                Diluted

3.87


4.11


0.66

Weighted average number of common shares outstanding:






                Basic

56,942,481


57,721,227


57,721,227

                Diluted

58,902,070


59,359,096


59,359,096








Notes:







1. The conversion of Renminbi amounts into U.S. dollar amounts is based on the noon buying rate of US$1.00 to RMB6.2301 on
     December 31, 2012 in New York for cable transfers of Renminbi as set forth in the H.10 weekly statistical release of the Federal 
     Reserve Board.

2. Includes share-based compensation expense of RMB1,754 and RMB2,145 (US$344) for the three months ended December 31,
     2011 and 2012, respectively.

3. Includes share-based compensation expense of RMB1,508 and RMB1,844 (US$296) for the three months ended December 31,
    2011 and 2012, respectively.

4. Includes share-based compensation expense of RMB7,689 and RMB9,774 (US$1,569) for the three months ended December 31,
     2011 and 2012, respectively.

5. Each ADS represents two common shares.

 

51job, Inc.

Consolidated Statements of Operations and Comprehensive Income










For the Year Ended



December 31,
2011


December 31,

2012


December 31,
2012



(unaudited)


(unaudited)


(unaudited)

(In thousands, except share, per share and per ADS data)








RMB


RMB


USD (Note 1)

Revenues:






                Online recruitment services

803,004


943,432


151,431

                Print advertising

208,365


105,309


16,903

                Other human resource related revenues

358,730


463,508


74,399

Total revenues

1,370,099


1,512,249


242,733

Less: Business and related tax

(70,421)


(64,911)


(10,419)

Net revenues

1,299,678


1,447,338


232,314

Cost of services (Note 2)

(370,661)


(405,233)


(65,044)

Gross profit

929,017


1,042,105


167,270

Operating expenses:






                Sales and marketing (Note 3)

(329,466)


(370,100)


(59,405)

                General and administrative (Note 4)

(158,355)


(186,460)


(29,929)

Total operating expenses

(487,821)


(556,560)


(89,334)

Income from operations

441,196


485,545


77,936

Loss from foreign currency translation

(9,363)


(447)


(72)

Loss from impairment of long-term investments

(15,081)


-


-

Interest and investment income

42,033


61,653


9,896

Other income

8,779


18,934


3,038

Income before income tax expense

467,564


565,685


90,798

Income tax expense

(81,056)


(95,579)


(15,341)

Net income

386,508


470,106


75,457

Other comprehensive income:






                Currency translation adjustments

325


(9)


(1)

Comprehensive income

386,833


470,097


75,456

Earnings per share:






                Basic

6.81


8.17


1.31

                Diluted

6.54


7.92


1.27

Earnings per ADS (Note 5):






                Basic

13.62


16.35


2.62

                Diluted

13.09


15.84


2.54

Weighted average number of common shares outstanding:






                Basic

56,754,240


57,510,591


57,510,591

                Diluted

59,067,424


59,375,123


59,375,123








Notes:







1. The conversion of Renminbi amounts into U.S. dollar amounts is based on the noon buying rate of US$1.00 to RMB6.2301 on
    December 31, 2012 in New York for cable transfers of Renminbi as set forth in the H.10 weekly statistical release of the Federal
    Reserve Board.

2. Includes share-based compensation expense of RMB6,084 and RMB7,870 (US$1,263) for 2011 and 2012, respectively.

3. Includes share-based compensation expense of RMB5,230 and RMB6,766 (US$1,086) for 2011 and 2012, respectively.

4. Includes share-based compensation expense of RMB26,660 and RMB35,902 (US$5,763) for 2011 and 2012, respectively.

5. Each ADS represents two common shares.

 

51job, Inc.

Reconciliation of GAAP and Non-GAAP Results










For the Three Months Ended



December 31,
2011


December 31,
2012


December 31,
2012



(unaudited)


(unaudited)


(unaudited)

(In thousands, except share, per share and per ADS data)








RMB


RMB


USD (Note 1)

GAAP income before income tax expense

128,418


147,227


23,631

Add back: Share-based compensation expense

10,951


13,763


2,209

Add back: Loss from foreign currency translation

921


1,760


282

Subtract: Gain from sale of long-term investments

-


(1,318)


(211)

Non-GAAP income before income tax expense

140,290


161,432


25,911

GAAP income tax expense

(14,488)


(25,104)


(4,029)

Tax impact of share-based compensation expense, loss from






                foreign currency translation and gain from sale of long-term






                investments

(3)


0


0

Non-GAAP income tax expense

(14,491)


(25,104)


(4,029)

Non-GAAP adjusted net income

125,799


136,328


21,882

Non-GAAP adjusted earnings per share:






                Basic

2.21


2.36


0.38

                Diluted

2.14


2.30


0.37

Non-GAAP adjusted earnings per ADS (Note 2):






                Basic

4.42


4.72


0.76

                Diluted

4.27


4.59


0.74

Weighted average number of common shares outstanding:






                Basic

56,942,481


57,721,227


57,721,227

                Diluted

58,902,070


59,359,096


59,359,096










For the Year Ended



December 31,
2011


December 31,
2012


December 31,
2012



(unaudited)


(unaudited)


(unaudited)

(In thousands, except share, per share and per ADS data)








RMB


RMB


USD (Note 1)

GAAP income before income tax expense

467,564


565,685


90,798

Add back: Share-based compensation expense

37,974


50,538


8,112

Add back: Loss from foreign currency translation

9,363


447


72

Add back: Loss from impairment of long-term investments

15,081


-


-

Subtract: Gain from sale of long-term investments

-


(1,318)


(211)

Non-GAAP income before income tax expense

529,982


615,352


98,771

GAAP income tax expense

(81,056)


(95,579)


(15,341)

Tax impact of share-based compensation expense, loss from






                foreign currency translation, loss from impairment and gain






                from sale of long-term investments

(51)


2


0

Non-GAAP income tax expense

(81,107)


(95,577)


(15,341)

Non-GAAP adjusted net income

448,875


519,775


83,430

Non-GAAP adjusted earnings per share:






                Basic

7.91


9.04


1.45

                Diluted

7.60


8.75


1.41

Non-GAAP adjusted earnings per ADS (Note 2):






                Basic

15.82


18.08


2.90

                Diluted

15.20


17.51


2.81

Weighted average number of common shares outstanding:






                Basic

56,754,240


57,510,591


57,510,591

                Diluted

59,067,424


59,375,123


59,375,123








Notes:







1. The conversion of Renminbi amounts into U.S. dollar amounts is based on the noon buying rate of US$1.00 to RMB6.2301 on
    December 31, 2012 in New York for cable transfers of Renminbi as set forth in the H.10 weekly statistical release of the Federal
    Reserve Board.

2. Each ADS represents two common shares.

 

51job, Inc.

Consolidated Balance Sheets








As of


December 31,


December 31,


December 31,


2011


2012


2012

(In thousands, except share and per share data)

(unaudited)


(unaudited)


(unaudited)


RMB


RMB


USD (Note 1)







ASSETS






Current assets:






                Cash

783,699


1,122,557


180,183

                Restricted cash

4,263


14,468


2,322

                Short-term investments

1,270,343


1,408,845


226,135

                Accounts receivable (net of allowance of RMB2,022 and 
                       RMB3,260 as of December 31, 2011 and December 31, 
                       2012, respectively)

43,708


52,688


8,457

                Prepayments and other current assets

199,836


280,242


44,982

                Deferred tax assets, current

11,042


8,643


1,387

Total current assets

2,312,891


2,887,443


463,466

Property and equipment, net

192,120


280,657


45,049

Intangible assets, net

4,290


3,919


629

Other long-term assets

48,649


69,343


11,130

Deferred tax assets, non-current

86


-


-

Total non-current assets

245,145


353,919


56,808

Total assets

2,558,036


3,241,362


520,274

LIABILITIES






Current liabilities:






                Accounts payable

20,326


17,146


2,752

                Salary and employee related accrual

44,287


48,450


7,777

                Taxes payable

54,623


65,858


10,571

                Advance from customers

290,460


338,330


54,306

                Other payables and accruals

40,793


103,565


16,623

Total current liabilities

450,489


573,349


92,029

Deferred tax liabilities, non-current

1,972


1,985


318

Total liabilities

452,461


575,334


92,347

Shareholders' equity:






                Common shares (US$0.0001 par value; 500,000,000 
                       shares authorized, 56,981,341 and 57,786,679 shares 
                       issued and outstanding as of December 31, 2011 and 
                       December 31, 2012, respectively)

47


48


8

                Additional paid-in capital

1,061,819


1,152,174


184,937

                Statutory reserves

7,332


6,944


1,115

                Accumulated other comprehensive income

1,638


1,629


261

                Retained earnings

1,034,739


1,505,233


241,606

Total shareholders' equity

2,105,575


2,666,028


427,927

Total liabilities and shareholders' equity

2,558,036


3,241,362


520,274








Note 1: The conversion of Renminbi amounts into U.S. dollar amounts is based on the noon buying rate of US$1.00 to RMB6.2301 on
            December 31, 2012 in New York for cable transfers of Renminbi as set forth in the H.10 weekly statistical release of the Federal
            Reserve Board.








 


SOURCE 51job, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Cloud Expo Latest Stories
SYS-CON Events announced today that TechXtend (formerly Programmer’s Paradise), a leading value-added provider of server and storage virtualization, and r-evolution will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. TechXtend (formerly Programmer’s Paradise) is a leading value-added provider of software, systems and solutions for corporations, government organizations, and academic institutions across the United States and Canada. TechXtend is the Exclusive Reseller in the United States for r-evolution
Every healthy ecosystem is diverse. This is especially true in cloud ecosystems, where portability and interoperability are more important than old enterprise models of proprietary ownership. In his session at 15th Cloud Expo, Mark Baker, Server Product Manager at Canonical/Ubuntu, will discuss how single vendors used to take the lead in creating and delivering technology, but in a cloud economy, where users want tools of their preference, when and where they need them, it makes no sense.
The consumption economy is here and so are cloud applications and solutions that offer more than subscription and flat fee models and at the same time are available on a pure consumption model, which not only reduces IT spend but also lowers infrastructure costs, and offers ease of use and availability. In their session at 15th Cloud Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia, will discuss this shifting dynamic with an example of a top European Telco provider. Find out how they are leveraging the power of acloud-based consumption model services to offer more value to the mass market and enable a new revenue model that embraces the true meaning of the Third Industrial Revolution.
The emergence of cloud computing and Big Data warrants a greater role for the PMO to successfully manage enterprise transformation driven by these powerful trends. As the adoption of cloud-based services continues to grow, a governance model is needed to orchestrate enterprise cloud implementations and harness the power of Big Data analytics. In his session at 15th Cloud Expo, Mahesh Singh, President of BigData, Inc., to discuss how the Enterprise PMO takes center stage not only in developing the appropriate governance model but also in collaborating with key stakeholders to ensure a successful transformation.
SYS-CON Events announced today that Cloudian, Inc., the leading provider of hybrid cloud storage solutions, has been named “Bronze Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Cloudian is a Foster City, Calif.-based software company specializing in cloud storage. Cloudian HyperStore® is an S3-compatible cloud object storage platform that enables service providers and enterprises to build reliable, affordable and scalable hybrid cloud storage solutions. Cloudian actively partners with leading cloud computing environments including Amazon Web Services, Citrix Cloud Platform, Apache CloudStack, OpenStack and the vast ecosystem of S3 compatible tools and applications. Cloudian's customers include Vodafone, Nextel, NTT, Nifty, and LunaCloud. The company has additional offices in China and Japan.
In today's application economy, enterprise organizations realize that it's their applications that are the heart and soul of their business. If their application users have a bad experience, their revenue and reputation are at stake. In his session at 15th Cloud Expo, Anand Akela, Senior Director of Product Marketing for Application Performance Management at CA Technologies, will discuss how a user-centric Application Performance Management solution can help inspire your users with every application transaction.
Come learn about what you need to consider when moving your data to the cloud. In her session at 15th Cloud Expo, Skyla Loomis, a Program Director of Cloudant Development at Cloudant, will discuss the security, performance, and operational implications of keeping your data on premise, moving it to the cloud, or taking a hybrid approach. She will use real customer examples to illustrate the tradeoffs, key decision points, and how to be successful with a cloud or hybrid cloud solution.
Cloud computing started a technology revolution; now DevOps is driving that revolution forward. By enabling new approaches to service delivery, cloud and DevOps together are delivering even greater speed, agility, and efficiency. No wonder leading innovators are adopting DevOps and cloud together! In his session at DevOps Summit, Andi Mann, Vice President of Strategic Solutions at CA Technologies, will explore the synergies in these two approaches, with practical tips, techniques, research data, war stories, case studies, and recommendations.
The 16th International Cloud Expo announces that its Call for Papers is now open. 16th International Cloud Expo, to be held June 9–11, 2015, at the Javits Center in New York City brings together Cloud Computing, APM, APIs, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal today!
14th International Cloud Expo, held on June 10–12, 2014 at the Javits Center in New York City, featured three content-packed days with a rich array of sessions about the business and technical value of cloud computing, Internet of Things, Big Data, and DevOps led by exceptional speakers from every sector of the IT ecosystem. The Cloud Expo series is the fastest-growing Enterprise IT event in the past 10 years, devoted to every aspect of delivering massively scalable enterprise IT as a service.
Hardware will never be more valuable than on the day it hits your loading dock. Each day new servers are not deployed to production the business is losing money. While Moore’s Law is typically cited to explain the exponential density growth of chips, a critical consequence of this is rapid depreciation of servers. The hardware for clustered systems (e.g., Hadoop, OpenStack) tends to be significant capital expenses. In his session at 15th Cloud Expo, Mason Katz, CTO and co-founder of StackIQ, to discuss how infrastructure teams should be aware of the capitalization and depreciation model of these expenses to fully understand when and where automation is critical.
Over the last few years the healthcare ecosystem has revolved around innovations in Electronic Health Record (HER) based systems. This evolution has helped us achieve much desired interoperability. Now the focus is shifting to other equally important aspects – scalability and performance. While applying cloud computing environments to the EHR systems, a special consideration needs to be given to the cloud enablement of Veterans Health Information Systems and Technology Architecture (VistA), i.e., the largest single medical system in the United States.
In his session at 15th Cloud Expo, Mark Hinkle, Senior Director, Open Source Solutions at Citrix Systems Inc., will provide overview of the open source software that can be used to deploy and manage a cloud computing environment. He will include information on storage, networking(e.g., OpenDaylight) and compute virtualization (Xen, KVM, LXC) and the orchestration(Apache CloudStack, OpenStack) of the three to build their own cloud services. Speaker Bio: Mark Hinkle is the Senior Director, Open Source Solutions, at Citrix Systems Inc. He joined Citrix as a result of their July 2011 acquisition of Cloud.com where he was their Vice President of Community. He is currently responsible for Citrix open source efforts around the open source cloud computing platform, Apache CloudStack and the Xen Hypervisor. Previously he was the VP of Community at Zenoss Inc., a producer of the open source application, server, and network management software, where he grew the Zenoss Core project to over 10...
Most of today’s hardware manufacturers are building servers with at least one SATA Port, but not every systems engineer utilizes them. This is considered a loss in the game of maximizing potential storage space in a fixed unit. The SATADOM Series was created by Innodisk as a high-performance, small form factor boot drive with low power consumption to be plugged into the unused SATA port on your server board as an alternative to hard drive or USB boot-up. Built for 1U systems, this powerful device is smaller than a one dollar coin, and frees up otherwise dead space on your motherboard. To meet the requirements of tomorrow’s cloud hardware, Innodisk invested internal R&D resources to develop our SATA III series of products. The SATA III SATADOM boasts 500/180MBs R/W Speeds respectively, or double R/W Speed of SATA II products.
As more applications and services move "to the cloud" (public or on-premise) cloud environments are increasingly adopting and building out traditional enterprise features. This in turn is enabling and encouraging cloud adoption from enterprise users. In many ways the definition is blurring as features like continuous operation, geo-distribution or on-demand capacity become the norm. NuoDB is involved in both building enterprise software and using enterprise cloud capabilities. In his session at 15th Cloud Expo, Seth Proctor, CTO at NuoDB, Inc., will discuss the experiences from building, deploying and using enterprise services and suggest some ways to approach moving enterprise applications into a cloud model.