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Soufun.com operating revenue up 47.2% in Q4 2013
(chinatechnews.com)
Updated: 2014-02-17

Chinese real estate information website Soufun.com published its financial report for the fourth quarter of 2013 financial year, stating that the company's operating revenue was $217.2 million, a year-on-year increase of 47.2 percent; and its net profit was $112.1 million, a year-on-year increase of 101 percent.

Meanwhile, based on U.S. GAAP, the company's net profit was $126 million, a year-on-year increase of 93.5 percent.

Soufun.com's operating revenue was mainly derived from Internet marketing services, e-commerce services, real estate information publishing, and other value-added services. For details, the company's revenue from Internet marketing services was $97.1 million, an increase of 21 percent from $80.2 of same period last year; its revenue from e-commerce services was $67.1 million, an increase of 67.2 percent from $40.1 million; and its revenue from real estate information publishing was $50 million, an increase of 91.5 percent from $26.1 million.

The company also revealed that by December 31, 2013, Soufun.com had $591.1 million cash, cash equivalents, and short-term investments.

The company predicted that in 2014 financial year, its total operating revenue is expected to reach between $780 million and $796 million, marking a year-on-year increase of 22.5 percent to 25 percent.

 

Zhang Yiping

Director of the Minor Enterprise Service Center of the BMDRC

 

Yu Jun

President of Zhongguancun Development Group

 

Yu Yang

President and CEO of Analysys International

 
 

Zhongguancun Science Park

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