Shanda games in the second quarter net profit of 374 million yuan Rose 52.9%

hunting cloud network on August 29, shanda games today unveiled as of June 30, 2013 in the second quarter unaudited consolidated financial report. Results show that the grand game in the second quarter net revenue of 1.085 billion yuan ($176 million), flat with last quarter, down from last year’s 1.131 billion yuan. Net profit of 374 million yuan ($374 million), rose 52.9%, up 21.4% from a year earlier.

in the second quarter of 2013 the us GAAP financial points (non – GAAP)

net operating income of RMB 1.085 billion ($176 million), and in the last quarter was flat, in the same period last year is RMB 1.131 billion yuan.

gross profit of RMB 716 million ($116 million), in the last quarter of 713 million yuan, in the same period last year is RMB 726 million yuan; Gross margin was 66.0%, in the last quarter was 66.0%, up from 64.2% a year ago.

operating profit of 327 million yuan ($52.8 million), in the last quarter of 336 million yuan, in the same period last year is RMB 391 million yuan; Operating margins of 30.1%, in the last quarter was 31.0%, up from 34.6% a year ago.

belong to shareholder’s net income of 401 million yuan ($64.8 million), in the last quarter of 275 million yuan, in the same period last year is RMB 337 million yuan.

a share (adrs) diluted net income is 1.50 yuan (24 us cents), in the last quarter of 1.02 yuan, the same period last year is 1.20 yuan RMB.

in the second quarter of 2013 the United States general accounting principles (GAAP) financial point

net operating income of RMB 1.085 billion ($176 million), and in the last quarter was flat, in the same period last year is RMB 1.131 billion yuan.

massively multiplayer online (MMO) games earned 982 million yuan ($159 million), in the last quarter of 976 million yuan, in the same period last year is RMB 1.103 billion yuan.

mobile game earned 102 million yuan ($16.5 million), in the last quarter of 107 million yuan, in the same period last year to zero.

other income of RMB 1.8 million ($200000), in the last quarter of 1.7 million yuan, in the same period last year is RMB 27.2 million yuan.

gross profit of RMB 701 million ($113 million), in the last quarter of 697 million yuan, in the same period last year is RMB 705 million yuan; Gross margin was 64.6%, in the last quarter was 64.6%, up from 62.4% a year ago.

operating profit of 292 million yuan ($47.3 million), in the last quarter of 298 million yuan, in the same period last year is RMB 355 million yuan; Operating margins of 26.9%, in the last quarter was 27.4%, up from 31.4% a year ago.

belong to shareholder’s net income of 374 million yuan ($60.6 million), in the last quarter of 245 million yuan, in the same period last year is RMB 308 million yuan.

a share (adrs) diluted net income is RMB 1.40 (22 cents), in the last quarter of 0.90 yuan, the same period last year is 1.10 yuan RMB.

in the second quarter of 2013 China regional game operating data

China and overseas district MMO game:

to the players in the second quarter of 2013 the company introduced some free function and game play to enhance user engagement, increase user stickiness, is affected by this:

this quarter average monthly active users (MAU) an average of 18.9 million, in the last quarter of 18.6 million, rose 1.5%.

this quarter average monthly paying users (MPU) an average of 3.2 million, in the last quarter of 3.4 million, fell 5.2%. Average MPU decline is mainly affected by in-game activities in some games because of low consumption account became a free account.

all MMO game each paying customers this quarter average monthly contribution income (ARPU) was 98.0 yuan, the last quarter of 93.6 yuan, rose 4.7%.

China and overseas mobile game:

this quarter average daily active users (DAU) by the last quarter of 300000 to 400000, quarter growth of 32.4%.

this quarter all mobile games each active users (ARDAU) contribution to the average daily income is RMB 2.8, in the last quarter of 3.9 yuan. ARDAU decline is mainly due to (I) the player in the game props consumption reduced and the effect of the millions of king Arthur in South Korea ARDAU fell, (ii) with players in Taiwan generally low level of consumption with south Korean players in the game, “millions of king Arthur” in Taiwan’s ARDAU area less than South Korea.

forecast

the company expected the third quarter of 2013 net income will increase by 3-4% from the second quarter, mainly by mobile games released “million king Arthur” in the Chinese market success. The company expected the third quarter of 2013 mobile gaming revenue will grow by about 50% from the second quarter, and accounts for more than 10% in net operating income. From its parent shanda’s acquisition of users and payment platform, the company expected the third quarter of 2013 gross margin and non – GAAP operating margins will reach about 71-72% and 42-43% respectively. Eliminate the impact of the acquisition, the company gross margin is expected in the third quarter of 2013 is about 63-64%, slightly less than 64.6% of the quarter, mainly expectations game income proportion will increase; As a result, in the third quarter of 2013 non – GAAP operating margins are expected to be slightly less than 30.1% of the quarter.