Youku potatoes released in 2012 fourth quarter and full year earnings

sina science and technology news Beijing time on March 1st morning news, Youku potatoes group (NYSE:YOKU) today announced the company’s unaudited 2012 fiscal year fourth quarter and annual financial report. Reported Youku potatoes in the fourth quarter net income of 635 million 800 thousand yuan ($102 million 100 thousand), compared with the same period in 2011 is expected to increase 30% consolidated net income; net loss of 113 million 600 thousand yuan ($18 million 200 thousand), compared with the same period in 2011 is expected to reduce the comprehensive net loss 43%. Consolidated net income for fiscal 2012 was $1 billion 800 million ($288 million 200 thousand), net loss of 424 million yuan ($68 million 100 thousand).

2012 fourth quarter results points

consolidated net income of 635 million 800 thousand yuan (US $102 million 100 thousand), compared with the same period in 2011 is expected to increase net income of 30%.

consolidated gross profit of 116 million 300 thousand yuan (U.S. $18 million 700 thousand), compared with the same period in 2011 is expected to increase gross profit margin of 62%. Comprehensive or projected non GAAP gross profit, which is related to the amortization of intangible assets is not included in the cost of option and the company after the merger of user generated content, in the fourth quarter of 2012 was 129 million 100 thousand yuan ($20 million 700 thousand), is expected to total non GAAP gross profit growth of 74% compared to the same period in 2011.

net loss of 113 million 600 thousand yuan ($18 million 200 thousand), compared with the same period in 2011 is expected to reduce the comprehensive net loss 43%. Or is expected to comprehensive mechanized and non GAAP net loss, which are not included in the cost of options, business combination leads to the amortization of intangible assets, and business merger related costs, in the fourth quarter of 2012 was 62 million 300 thousand yuan ($10 million), is expected to total non GAAP net loss reduced by 64% compared to the same period in 2011.

‘s American depositary share basic and diluted loss (each ADS representing 18 shares of our class a common stock) in the fourth quarter of 2012 was 0.69 yuan ($0.11) and 0.69 yuan ($0.11).

as of December 31, 2012, cash, cash equivalents or short-term investments amounted to 3 billion 800 million yuan (US $605 million 900 thousand).

2012 fourth quarter consolidated purchase of fixed assets and other tangible assets amounted to 24 million 400 thousand yuan (US $3 million 900 thousand).

in the fourth quarter of 2012 consolidated purchases of intangible assets amounted to RMB 111 million 100 thousand (US $17 million 800 thousand). So so

highlights 2012 fiscal year

consolidated net income of 1 billion 800 million yuan (US $288 million 200 thousand).

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