Welcome!

Machine Learning Authors: Liz McMillan, Elizabeth White, Yeshim Deniz, Flint Brenton, Pat Romanski

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.

@CloudExpo Stories
In his session at Cloud Expo, Alan Winters, U.S. Head of Business Development at MobiDev, presented a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to maximize project result...
The Founder of NostaLab and a member of the Google Health Advisory Board, John is a unique combination of strategic thinker, marketer and entrepreneur. His career was built on the "science of advertising" combining strategy, creativity and marketing for industry-leading results. Combined with his ability to communicate complicated scientific concepts in a way that consumers and scientists alike can appreciate, John is a sought-after speaker for conferences on the forefront of healthcare science,...
"We work around really protecting the confidentiality of information, and by doing so we've developed implementations of encryption through a patented process that is known as superencipherment," explained Richard Blech, CEO of Secure Channels Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
In his session at 20th Cloud Expo, Scott Davis, CTO of Embotics, discussed how automation can provide the dynamic management required to cost-effectively deliver microservices and container solutions at scale. He also discussed how flexible automation is the key to effectively bridging and seamlessly coordinating both IT and developer needs for component orchestration across disparate clouds – an increasingly important requirement at today’s multi-cloud enterprise.
In his session at 20th Cloud Expo, Brad Winett, Senior Technologist for DDN Storage, will present several current, end-user environments that are using object storage at scale for cloud deployments including private cloud and cloud providers. Details on the top considerations of features and functions for selecting object storage will be included. Brad will also touch on recent developments in tiering technologies that deliver single solution and an end-user view of data across files and objects...
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, discussed how AI can simplify cloud operations. He covered the following topics: why cloud mana...
"I will be talking about ChatOps and ChatOps as a way to solve some problems in the DevOps space," explained Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, described how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launching o...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settl...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
It is ironic, but perhaps not unexpected, that many organizations who want the benefits of using an Agile approach to deliver software use a waterfall approach to adopting Agile practices: they form plans, they set milestones, and they measure progress by how many teams they have engaged. Old habits die hard, but like most waterfall software projects, most waterfall-style Agile adoption efforts fail to produce the results desired. The problem is that to get the results they want, they have to ch...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.