BEIJING, Aug. 14, 2017 /PRNewswire/ -- China Finance
Online Co. Limited ("China Finance Online", or the "Company",
"we", "us" or "our") (NASDAQ GS: JRJC), a leading web-based
financial services company that provides Chinese retail investors
with online access to securities and commodities trading services,
wealth management products, investment advisory services, as well
as financial database and analytics services to institutional
customers, today announced its unaudited financial results for the
second quarter and first six months ended June 30, 2017.
Second Quarter 2017 Financial Highlights
- Net revenues were $9.6 million,
up from $8.7 million in the first
quarter of 2017.
- Equity brokerage business grew 456.9% year-over-year and 8.3%
quarter-over-quarter.
- Commodities brokerage business declined by 85.7%
year-over-year.
- Gross margin was 52.9%, compared with 75.7% in the second
quarter of 2016, but up from 46.4% in the first quarter of
2017.
- Total cash and cash equivalents, restricted cash and short-term
investments were $44.8 million as of
June 30, 2017.
- Net losses attributable to China Finance Online were
$8.3 million, compared with a net
loss of $11.6 million in the first
quarter of 2017.
- China Finance Online's Robo-Advisor product outperformed its
peer products in the Chinese market with 6.07% in the first 6
months of 2017.
First Six Months of 2017 Highlights
- Net revenues were $18.3 million,
a decrease of 60.9% compared with $46.8
million in the first six months of 2016.
- Net losses attributable to China Finance Online were
$19.9 million, compared with a net
income of $14.8 million in the first
six months of 2016.
Mr. Zhiwei Zhao, Chairman and CEO
of China Finance Online, commented, "We posted sequential
improvement in the second quarter. Our intelligent-finance driven
fintech business is gaining traction as accredited retail investors
began to subscribe our mobile application based analytical tools to
guide their quantitative trading investment strategies. In
addition, we are in beta test of our cloud-based investment
research software product for enterprise users, namely large
financial institutions. We remain confident that we will turn a
positive net cash-flow in the fourth quarter of 2017. As the
Chinese stock market continues to mature, we are committed to
providing state-of-the-art tools with cloud computing capability
and robust database to power our users in their investment
decisions."
Second Quarter 2017 Financial Results
Net revenues were $9.6
million, compared with $16.0
million during the second quarter of 2016 and $8.7 million during the first quarter of 2017.
During the second quarter of 2017, revenues from financial
services, the financial information and advisory business, and
advertising services contributed 67%, 20% and 10% of the net
revenues, respectively, compared with 76%, 18% and 5%,
respectively, for the corresponding period in 2016.
Revenues from financial services were $6.4 million, compared with $12.2 million during the second quarter of 2016
and $5.4 million during the first
quarter of 2017. Revenues from financial services mainly represent
equity and commodities brokerage services. The equity brokerage
business grew 456.9% year-over-year and 8.3% quarter-over-quarter.
The year-over-year decrease of revenues from financial services was
mainly due to a decline in revenues from the Company's commodities
brokerage services. Revenue from commodities brokerage declined by
85.7% year-over-year but up 94.0% quarter-over-quarter.
Revenues from the financial information and advisory
business were $2.0 million, a
decrease of 31.7% from $2.9 million
during the second quarter of 2016 and 30.6% from $2.8 million in the first quarter of 2017.
Revenues from the financial information and advisory business were
comprised of subscription services from individual and
institutional customers. The year-over-year revenue decline from
the financial information and advisory business was mainly due to
the sale of a less profitable division in the financial information
segment.
Revenues from advertising were $0.9
million, compared with $0.9
million in the second quarter of 2016 and $0.4 million in the first quarter of 2017.
Gross profit was $5.1
million, compared with $12.1
million in the second quarter of 2016 and $4.0 million in the first quarter of 2017. Gross
margin in the second quarter of 2017 was 52.9%, compared with 75.7%
in the second quarter of 2016 and 46.4% in the first quarter of
2017. The year-over-year decreases in gross margin were mainly due
to a decrease in revenues from the Company's commodities brokerage
services, which typically carry higher gross margins.
General and administrative expenses were $3.9 million, a decrease of 31.6% from
$5.6 million in the second quarter of
2016, and a decrease of 6.1% from $4.1
million in the first quarter of 2017. The year-over-year and
quarter-over-quarter decreases were mainly attributable to more
stringent expense control measures.
Sales and marketing expenses were $7.3 million, a decrease of 33.1% from
$11.0 million in the second quarter
of 2016, and a decrease of 12.1% from $8.3
million in the first quarter of 2017. The year-over-year and
quarter-over-quarter decreases were mainly attributable to
headcount reductions in the commodity brokerage operation during
the second quarter of 2017.
Research and development expenses were $4.3 million, an increase of 36.0% from
$3.1 million in the second quarter of
2016 and flat in comparison with $4.3
million in the first quarter of 2017. The year-over-year
increase was mainly attributable to an increase in recruitment of
senior software engineers and capital market professionals to
support further development in fintech capability.
Total operating expenses were $15.7
million, a decrease of 42.7% from $27.5 million in the second quarter of 2016, and
a decrease of 6.1% from $16.8 million
in the first quarter of 2017.
Loss from operations was $10.7
million, compared with a loss from operations of
$15.3 million in the second quarter
of 2016 and a loss from operations of $12.5
million in the first quarter of 2017.
Net loss attributable to China Finance Online was
$8.3 million, compared with a net
income of $12.8 million in the second
quarter of 2016 and a net loss of $11.6
million in the first quarter of 2017.
Fully diluted loss per American Depository Shares ("ADS")
attributable to China Finance Online was $0.37 for the second quarter of 2017, compared
with fully diluted earnings per ADS of $0.50 for the second quarter of 2016 and fully
diluted loss per ADS of $0.51 for the
first quarter of 2017. Basic and diluted weighted average numbers
of ADSs for the second quarter of 2017 were 22.7 million, compared
with basic and diluted weighted average number of ADSs of 22.6
million and 25.4 million, respectively, for the second quarter of
2016. Each ADS represents five ordinary shares of the Company.
First Six Months of 2017 Financial Results
Net revenues for the first six months of 2017 were
$18.3 million, a decrease of 60.9%
compared with $46.8 million in the
first six months of 2016.
Gross profit for the first six months of 2017 was
$9.1 million, a decrease of 76.1%
compared with $38.0 million in the
first six months of 2016.
Net loss attributable to China Finance Online for
the first six months of 2017 was $19.9
million, compared to a net income of $14.8 million in the first six months of
2016.
Fully diluted loss per ADS attributable to China Finance
Online was $0.88 for the first
six months of 2017, compared with fully diluted earnings of
$0.58 for the first six months of
2016.
As of June 30, 2017, total
cash and cash equivalents, restricted cash and short-term
investments were $44.8 million.
Total shareholders' equity of China Finance Online was
$69.1 million as of June 30, 2017.
Recent Developments
- China Finance Online rebrands its Robo-Advisor product as
Lingxi
Inspired by an ancient Chinese proverb, China Finance Online's
Lingxi Robo-Advisor service is committed to deliver more
personalized financial services to the large retail investor
community. Through Yinglibao mobile APP, Lingxi Robo-Advisor offers
a wide array of investment combinations and personalized global
asset allocations through Chinese domestic mutual funds. During the
first six months of 2017, the Company's Robo-Advisor product
significantly outperformed the Shanghai Composite Index in return
with a significantly lower drawdown. As of July 31, 2017, Lingxi's year-to-date performance
also beat most of its peer products in the market for its average
return of 8.47% with an average drawdown of 1.53%. The Company
plans to continue building out its core capabilities in the
intelligent-finance driven fintech space to lay a solid foundation
for its further expansion into services for institutional and
retail investors.
- China Finance Online hosted Fund-of-funds (FOF) Forums in
Beijing and Shenzhen
As more personalized customer services are increasingly becoming
key differentiator over accessibility when it comes to mutual funds
sales in China, and fund selection
and portfolio construction are two core value added services for
Fund-of-fund, we recently organized Fund-of-fund forums to discuss
the current market opportunities and challenges in China for FOF investment strategy. There were
36 mutual funds in attendance in the Beijing venue and 38 mutual funds in
attendance in the Shenzhen forum.
Among the attendees, there were portfolio managers from leading
investment managers such as China Southern Asset Management,
Harvest Fund Management, China Asset Management, Bosera Asset
Management, CCB Principal Asset Management, Fullgoal Asset
Management, E Fund Management, MANULIFE TEDA Fund Management and
Haitong Fortis Investment Management.
- The suspension of new commodities trading by precious metals
exchanges in China adversely
affected China Finance Online's commodity brokerage operation
During the second quarter, a number of precious metals exchanges
in China announced that, they will
not accept new purchase orders and will only allow trades for
liquidations of current holdings. Such suspension announcements
have adversely affected companies in commodity brokerage businesses
in China, including us. As a
result, China Finance Online wrote down approximately $0.3 million in its intangible assets related to
the commodity brokerage businesses.
Conference Call Information
The management will host a conference call on August 14, 2017 at 8:00
p.m. U.S. Eastern Time (8:00
a.m. Beijing/Hong Kong time on August 15, 2017). Dial-in details for the
earnings conference call are as follows:
US:
|
1-800-742-9301
|
Hong Kong:
|
800-906-648
|
Singapore:
|
800-616-2313
|
China:
|
800-870-0210 or
400-120-3170
|
Conference
ID:
|
66190955
|
Please dial in 10 minutes before the call is scheduled to begin
and provide the conference ID to join the call.
A recording of the call will be available on China Finance
Online's website under the investor relations section.
In addition, a live and archived webcast of the conference call
will be available at
https://edge.media-server.com/m6/p/8sg7qpki.
About China Finance Online
China Finance Online Co. Limited is a leading web-based
financial services company that provides Chinese retail investors
with online access to securities and commodities trading services,
wealth management products, securities investment advisory
services, as well as financial database and analytics services to
institutional customers. The Company's prominent flagship portal
site, www.jrj.com, is ranked among the top financial websites
in China. In addition to the
web-based securities trading platform, the Company offers basic
financial software, information services and securities investment
advisory services to retail investors in China. Through its subsidiary, Shenzhen Genius
Information Technology Co. Ltd., the Company provides financial
database and analytics to institutional customers including
domestic financial, research, academic and regulatory institutions.
China Finance Online also provides brokerage services in
Hong Kong.
Safe Harbor Statement
This press release contains forward-looking statements which
constitute "forward-looking" statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended, and
as defined in the U.S. Private Securities Litigation Reform Act of
1995. The statements contained herein reflect management's current
views with respect to future events and financial performance.
These forward-looking statements are subject to certain risks and
uncertainties that could cause the actual results to differ
materially from those in the forward-looking statements, all of
which are difficult to predict and many of which are beyond the
control of the Company. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates" and similar statements. Among other things, this
release contains the following forward-looking statements
regarding:
- our prospect and our ability to attract new users;
- our prospect on building a comprehensive wealth management
ecosystem through providing a fully-integrated online communication
and securities-trading platform;
- our prospect on stabilization in cash attrition and improvement
of our financial position;
- our initiatives to address customers' demand for intuitive
online investment platforms and alternative investment
opportunities; and
- the market prospect of the business of securities-trading,
securities investment advisory and wealth management.
Such statements involve certain risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking statements, which risk factors and uncertainties
include, amongst others, changing customer needs, regulatory
environment and market conditions that we are subject to; the
uneven condition of the world and Chinese economies that could lead
to volatility in the equity markets and affect our operating
results in the coming quarters; the impact of the changing
conditions of the mainland Chinese stock market, mainland Chinese
precious metals exchanges, Hong
Kong stock market and global financial markets on our future
performance; the unpredictability of our strategic transformation
and growth of new businesses; the prospect of our margin-related
business and the degree to which our implementation of margin
account screening and ongoing monitoring will yield successful
outcomes; the degree to which our strategic collaborations with
partners will yield successful outcomes; the prospects for
China's high-net-worth and
middle-class households; the prospects of equipping our customer
specialists with new technology, tools and financial knowledge;
wavering investor confidence that could impact our business; and
possible non-cash goodwill, intangible assets and investment
impairments may adversely affect our net income. Further
information regarding these and other risks is included in the
Company's filings with the U.S. Securities and Exchange Commission,
including its annual report on Form 20-F under "Forward-Looking
Information" and "Risk Factors". The Company does not undertake any
obligation to update any forward-looking statement as a result of
new information, future events or otherwise, except as required
under applicable law.
For more information, please contact:
China Finance Online
+86-10-8336-3100
ir@jrj.com
Kevin Theiss
(212) 521-4050
kevin.theiss@awakenlab.com
-- Tables Follow --
China Finance Online
Co. Limited
|
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEETS
|
(In thousands of U.S.
dollars)
|
|
|
|
Jun. 30,
2017
|
|
|
Dec. 31,
2016
|
Assets
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
38,151
|
|
|
|
66,152
|
Restricted
cash
|
|
|
-
|
|
|
|
2,484
|
Trust bank balances
held on behalf of customers
|
|
|
36,631
|
|
|
|
33,174
|
Accounts receivable,
net - others
|
|
|
10,204
|
|
|
|
14,411
|
Accounts receivable,
net - Margin clients
|
|
|
7,540
|
|
|
|
7,557
|
Short-term
investments
|
|
|
6,629
|
|
|
|
16,444
|
Prepaid expenses and
other current assets
|
|
|
8,634
|
|
|
|
8,241
|
Deferred tax assets,
current
|
|
|
955
|
|
|
|
1,370
|
Total current
assets
|
|
|
108,744
|
|
|
|
149,833
|
Long-term
investments, net
|
|
|
2,445
|
|
|
|
2,561
|
Property and
equipment, net
|
|
|
6,223
|
|
|
|
7,398
|
Acquired intangible
assets, net
|
|
|
102
|
|
|
|
396
|
Rental
deposits
|
|
|
1,312
|
|
|
|
1,292
|
Goodwill
|
|
|
108
|
|
|
|
109
|
Deferred tax assets,
non-current
|
|
|
20
|
|
|
|
33
|
Other
deposits
|
|
|
1,971
|
|
|
|
6,002
|
Total
assets
|
|
|
120,925
|
|
|
|
167,624
|
|
|
|
|
|
|
|
|
Liabilities and
equity
|
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
|
Deferred revenue,
current (including deferred revenue, current of the
consolidated
variable interest entities without
recourse to China Finance Online Co. Limited
$4,597 and $5,286 as of June 30, 2017 and
December 31, 2016, respectively)
|
|
|
5,614
|
|
|
|
6,526
|
Accrued expenses and
other current liabilities (including accrued expenses and other
current liabilities of the consolidated
variable interest entities without recourse to
China Finance Online Co. Limited $6,580
and $26,352 as of June 30, 2017 and
December 31, 2016,
respectively)
|
|
|
9,515
|
|
|
|
29,621
|
Contingent
liability (including contingent liability of the
consolidated variable
interest entities without recourse to
China Finance Online Co. Limited nil and nil as
of June 30, 2017 and December 31, 2016,
respectively)
|
|
|
3,000
|
|
|
|
3,000
|
Amount due to
customers for trust bank balances held on behalf of
customers (including amount due to
customers for trust bank balances held on
behalf of customers of the consolidated
variable interest entities without recourse to
China Finance Online Co. Limited $665 and
$3,071 as of June 30, 2017 and
December 31, 2016,
respectively)
|
|
|
36,631
|
|
|
|
33,174
|
Accounts payable
(including accounts payable of the consolidated variable
interest
entities without recourse to China Finance
Online Co. Limited $239 and $2,151 as
of June 30, 2017 and December 31, 2016,
respectively)
|
|
|
5,095
|
|
|
|
8,746
|
Deferred tax
liabilities, current (including deferred tax liabilities, current
of the
consolidated variable interest entities
without recourse to China Finance Online Co.
Limited $360 and $234 as of June 30, 2017
and December 31, 2016, respectively)
|
|
|
362
|
|
|
|
236
|
Income taxes payable
(including income taxes payable of the consolidated variable
interest entities without recourse to
China Finance Online Co. Limited $151 and
$3,819 as of June 30, 2017 and December
31, 2016, respectively)
|
|
|
151
|
|
|
|
3,828
|
Total current
liabilities
|
|
|
60,368
|
|
|
|
85,131
|
Deferred tax
liabilities, non-current (including deferred tax liabilities,
non-current of
the consolidated variable interest
entities without recourse to China Finance Online
Co. Limited nil and $72 as of June
30, 2017 and December 31, 2016, respectively)
|
|
|
17
|
|
|
|
90
|
Deferred revenue,
non-current (including deferred revenue, non-current of the
consolidated variable interest entities
without recourse to China Finance Online Co.
Limited $44 and $78 as of June 30, 2017
and December 31,2016, respectively)
|
|
|
459
|
|
|
|
609
|
Total
liabilities
|
|
|
60,844
|
|
|
|
85,830
|
Noncontrolling
interests
|
|
|
(9,023)
|
|
|
|
(4,370)
|
Total China Finance
Online Co. Limited Shareholders' equity
|
|
|
69,104
|
|
|
|
86,164
|
Total liabilities and
equity
|
|
|
120,925
|
|
|
|
167,624
|
China Finance Online
Co. Limited
|
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
|
(in thousands of U.S.
dollars, except share and ADS related data)
|
|
|
|
Three months
ended
|
|
|
Six months
ended
|
|
|
Jun. 30,
2017
|
|
|
Jun. 30,
2016
|
|
|
Mar. 31,
2017
|
|
|
Jun. 30,
2017
|
|
|
Jun. 30,
2016
|
Net
revenues
|
|
|
9,615
|
|
|
|
16,045
|
|
|
|
8,672
|
|
|
|
18,287
|
|
|
|
46,758
|
Cost of
revenues
|
|
|
(4,526)
|
|
|
|
(3,905)
|
|
|
|
(4,650)
|
|
|
|
(9,176)
|
|
|
|
(8,712)
|
Gross
profit
|
|
|
5,089
|
|
|
|
12,140
|
|
|
|
4,022
|
|
|
|
9,111
|
|
|
|
38,046
|
Operating
expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
General and
administrative (includes share-based
compensation expenses of $784, $1,608,
$837, 1,621 and $3,027
respectively)
|
|
|
(3,863)
|
|
|
|
(5,647)
|
|
|
|
(4,112)
|
|
|
|
(7,975)
|
|
|
|
(10,565)
|
Sales and marketing
(includes share-based
compensation expenses of $22, $(37),
$36,
$58 and $(58), respectively)
|
|
|
(7,331)
|
|
|
|
(10,952)
|
|
|
|
(8,343)
|
|
|
|
(15,674)
|
|
|
|
(22,730)
|
Product development
(includes share-based
compensation expenses of $22, $(189),
$61,
$83 and $(316), respectively)
|
|
|
(4,253)
|
|
|
|
(3,127)
|
|
|
|
(4,300)
|
|
|
|
(8,553)
|
|
|
|
(5,825)
|
Loss from impairment
of intangible assets
|
|
|
(292)
|
|
|
|
(1,111)
|
|
|
|
-
|
|
|
|
(292)
|
|
|
|
(1,111)
|
Loss from impairment
of goodwill
|
|
|
-
|
|
|
|
(6,642)
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(6,642)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating
expenses
|
|
|
(15,739)
|
|
|
|
(27,479)
|
|
|
|
(16,755)
|
|
|
|
(32,494)
|
|
|
|
(46,873)
|
Government
subsidies
|
|
|
-
|
|
|
|
36
|
|
|
|
230
|
|
|
|
230
|
|
|
|
544
|
Loss from
operations
|
|
|
(10,650)
|
|
|
|
(15,303)
|
|
|
|
(12,503)
|
|
|
|
(23,153)
|
|
|
|
(8,283)
|
Interest
income
|
|
|
119
|
|
|
|
377
|
|
|
|
74
|
|
|
|
193
|
|
|
|
621
|
Interest
expense
|
|
|
(1)
|
|
|
|
-
|
|
|
|
(1)
|
|
|
|
(2)
|
|
|
|
-
|
Short-term investment
income, net
|
|
|
(122)
|
|
|
|
138
|
|
|
|
85
|
|
|
|
(37)
|
|
|
|
257
|
Gain (loss) on the
interest sold and retained
noncontrolling investment
|
|
|
1,147
|
|
|
|
18,322
|
|
|
|
(738)
|
|
|
|
409
|
|
|
|
18,322
|
Gain from sale of
equity method investment
|
|
|
111
|
|
|
|
-
|
|
|
|
-
|
|
|
|
111
|
|
|
|
-
|
Loss from equity
method investment
|
|
|
(1)
|
|
|
|
(49)
|
|
|
|
(8)
|
|
|
|
(9)
|
|
|
|
(111)
|
Other income (loss),
net
|
|
|
(323)
|
|
|
|
(14)
|
|
|
|
(236)
|
|
|
|
(559)
|
|
|
|
57
|
Exchange gain (loss),
net
|
|
|
39
|
|
|
|
73
|
|
|
|
21
|
|
|
|
60
|
|
|
|
(84)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before
income tax expenses
|
|
|
(9,681)
|
|
|
|
3,544
|
|
|
|
(13,306)
|
|
|
|
(22,987)
|
|
|
|
10,779
|
Income tax
expenses
|
|
|
(5)
|
|
|
|
(2,693)
|
|
|
|
(512)
|
|
|
|
(517)
|
|
|
|
(3,117)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
(loss)
|
|
|
(9,686)
|
|
|
|
851
|
|
|
|
(13,818)
|
|
|
|
(23,504)
|
|
|
|
7,662
|
Less: Net loss
attributable to the noncontrolling
interest
|
|
|
(1,387)
|
|
|
|
(11,914)
|
|
|
|
(2,209)
|
|
|
|
(3,596)
|
|
|
|
(7,120)
|
Net income (loss)
attributable to China Finance
Online Co. Limited
|
|
|
(8,299)
|
|
|
|
12,765
|
|
|
|
(11,609)
|
|
|
|
(19,908)
|
|
|
|
14,782
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
(loss)
|
|
|
(9,686)
|
|
|
|
851
|
|
|
|
(13,818)
|
|
|
|
(23,504)
|
|
|
|
7,662
|
Changes in foreign
currency translation
adjustment
|
|
|
1,045
|
|
|
|
(1,748)
|
|
|
|
681
|
|
|
|
1,726
|
|
|
|
(3,894)
|
Net unrealized gain
on available-for-sale
securities, net of tax effects of nil,
nil, nil, nil
and nil respectively
|
|
|
(71)
|
|
|
|
-
|
|
|
|
(35)
|
|
|
|
(106)
|
|
|
|
-
|
Other comprehensive
income (loss), net of tax
|
|
|
974
|
|
|
|
(1,748)
|
|
|
|
646
|
|
|
|
1,620
|
|
|
|
(3,894)
|
Comprehensive income
(loss)
|
|
|
(8,712)
|
|
|
|
(897)
|
|
|
|
(13,172)
|
|
|
|
(21,844)
|
|
|
|
3,768
|
Less: comprehensive
loss attributable to
noncontrolling interest
|
|
|
(1,387)
|
|
|
|
(11,914)
|
|
|
|
(2,209)
|
|
|
|
(3,596)
|
|
|
|
(7,120)
|
Comprehensive income
(loss) attributable to
China Finance Online Co.
Limited
|
|
|
(7,325)
|
|
|
|
11,017
|
|
|
|
(10,963)
|
|
|
|
(18,288)
|
|
|
|
10,888
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) per
share attributable to China
Finance Online Co. Limited
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
(0.07)
|
|
|
|
0.11
|
|
|
|
(0.10)
|
|
|
|
(0.18)
|
|
|
|
0.13
|
Diluted
|
|
|
(0.07)
|
|
|
|
0.10
|
|
|
|
(0.10)
|
|
|
|
(0.18)
|
|
|
|
0.12
|
Net income (loss) per
ADS attributable to China
Finance Online Co. Limited
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
(0.37)
|
|
|
|
0.56
|
|
|
|
(0.51)
|
|
|
|
(0.88)
|
|
|
|
0.65
|
Diluted
|
|
|
(0.37)
|
|
|
|
0.50
|
|
|
|
(0.51)
|
|
|
|
(0.88)
|
|
|
|
0.58
|
Weighted average
ordinary shares
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
113,586,708
|
|
|
|
113,049,666
|
|
|
|
113,532,543
|
|
|
|
113,559,775
|
|
|
|
112,994,727
|
Diluted
|
|
|
113,586,708
|
|
|
|
126,914,643
|
|
|
|
113,532,543
|
|
|
|
113,559,775
|
|
|
|
126,868,543
|
Weighted average
ADSs
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
22,717,342
|
|
|
|
22,609,933
|
|
|
|
22,706,509
|
|
|
|
22,711,955
|
|
|
|
22,598,945
|
Diluted
|
|
|
22,717,342
|
|
|
|
25,382,929
|
|
|
|
22,706,509
|
|
|
|
22,711,955
|
|
|
|
25,373,709
|
View original
content:http://www.prnewswire.com/news-releases/china-finance-online-reports-second-quarter-and-first-six-months-of-2017-unaudited-financial-results-300503736.html
SOURCE China Finance Online Co., Ltd.