Exceed Company Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2012; Provides Revenue Guidance for 2012
For the six months, revenue was RMB 1,456,524,000 against RMB 1,492,912,000 a year ago. Operating profit was RMB 182,747,000 against RMB 238,070,000 a year ago. Profit before tax was RMB 182,528,000 against RMB 314,718,000 a year ago. Profit attributable to equity holders of the company was RMB 157,954,000 or RMB 4.79 per diluted share against RMB 282,836,000 or RMB 8.81 per diluted share a year ago. Cash outflow from operating activities was RMB 167,392 million.
The company expects to generate net revenues in the range of RMB 610.0 million to RMB 650.0 million in the third quarter of 2012, representing an approximate year-over-year decrease of 39% to 43%, as compared with RMB 1,065.7 million in the same period of 2011.