BEIJING, April 18, 2018 /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 trading services, wealth
management products, securities investment advisory services, as
well as financial database and analytics services to institutional
customers, today announced its unaudited financial results for the
fourth quarter and full year ended December
31, 2017.
Fourth Quarter 2017 Financial Highlights
- The Company achieved a positive net cash-flow in the fourth
quarter of 2017
- Net revenues were $13.6
million, up from $10.7 million
in the third quarter of 2017
- Equity brokerage business grew 100.5% year-over-year and 24.0%
quarter-over-quarter
- Gross margin was 49.7%, up from 44.9% in the third quarter
of 2017
- Net loss attributable to China Finance Online was
$8.4 million, compared with a net
loss of $12.8 million in the fourth
quarter of 2016
- Total cash and cash equivalents, restricted cash and short-term
investments were $41.3 million as of
December 31, 2017, up from
$36.1 million as of September 30, 2017
Full Year 2017 Highlights
- Net revenues were $42.6
million, down 48.7% year-over-year
- Equity brokerage business grew 182.3% year-over-year
- Commodities brokerage business declined by 95.7% year-over-year
after the suspension of new commodities trading by the precious
metal exchange in China
- Lingxi Robo-Advisor outperformed most of its peer products in
the Chinese market with an average return of 10.59% and average
drawdown rate of 1.84% in 2017. From January
1, 2017 to April 12, 2018, the
aggressive portfolio of Lingxi beat 95% of equity funds and hybrid
funds in terms of return.
Mr. Zhiwei Zhao, Chairman and CEO
of China Finance Online, commented, "We turned a positive net
cash-flow in the fourth quarter, as we are making inroad in
optimizing our business units and improving our top line from the
third quarter. As we are transitioning away from the commodity
brokerage business, our equity brokerage related business maintains
a strong growth momentum and our intelligent-finance driven fintech
business has drawn interest from leading brokerage firms in
China, with whom we have entered
into strategic cooperation agreements."
"Our operation has also been making solid progress. Our website
"JRJ.com.cn" remains a popular destination for news and analysis on
economy and capital markets, with growing brand perception. And its
unique visitors all year in 2017 was 236 million, an increase of
40% from 169 million in 2016. The fast-growing traffic was
attributable to the improvement of our fact-based journalism,
breaking news coverage and proprietary deep dive content."
"In 2017, we concentrated on building out our fintech
capabilities. With a team of senior software engineers and capital
market professionals, we carried out integration of financial
engineering, artificial intelligence and big data, and developed
intelligent finance products for individual investors and
institutions. Our robo-advisory product Lingxi provides retail
investors with investment products for global asset allocation,
which outperformed most of its peer products in the market with its
better return and lower drawdown. We also introduced Genius
Zhisheng, a cloud-based one-stop investment research platform for
institutional investors. For retail investors, we also introduced
technical trading research tools based on Zhisheng algorithm. Based
upon our track records in financial media, financial data service
and securities advisory services, along with our robust fintech
capabilities, we are committed to developing more cloud-based
products to drive user engagement," Mr. Zhao concluded.
Fourth Quarter 2017 Financial Results
Net revenues were $13.6
million, compared with $19.2
million during the fourth quarter of 2016 and $10.7 million during the third quarter of 2017.
During the fourth quarter of 2017, revenues from financial
services, the financial information and advisory business, and
advertising services contributed 66%, 21% and 12% of the net
revenues, respectively, compared with 83%, 12% and 4%,
respectively, for the corresponding period in 2016.
Revenues from financial services were $8.9 million, compared with $16.0 million during the fourth quarter of 2016
and $7.5 million during the third
quarter of 2017. Revenues from financial services mainly represent
equity brokerage services. The equity brokerage business grew
100.5% year-over-year and 24.0% 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 after the suspension of new commodities trading
by the precious metal exchange in China. Revenue from commodities brokerage was
$11.4 million or 59% of total revenue
in fourth quarter of 2016. The quarter-over-quarter increase was
mainly driven by the robust growth in equity brokerage
business.
Revenues from the financial information and advisory
business were $2.9 million, an
increase of 23.0% from $2.4 million
during the fourth quarter of 2016 and 12.9% from $2.6 million in the third quarter of 2017.
Revenues from the financial information and advisory business were
comprised of subscription services from individual and
institutional customers. During the fourth quarter, subscription
revenue from individual investors grew by 315.2% year-over-year,
mainly due to the increased adoption of the Company's cloud-based
analytical tools among retail investors.
Revenues from advertising were $1.6
million, compared with $0.7
million in the fourth quarter of 2016 and $0.6 million in the third quarter of 2017. The
increased traffic to our site also helped elevate our advertising
revenues.
Gross profit was $6.8
million, compared with $12.0
million in the fourth quarter of 2016 and $4.8 million in the third quarter of 2017. Gross
margin in the fourth quarter of 2017 was 49.7%, compared with 62.5%
in the fourth quarter of 2016 and 44.9% in the third quarter of
2017. The year-over-year decrease in gross margin was mainly due to
revenue mix changes associated with the Company's transition to
increased services for the equity capital market, which has a lower
gross margin.
General and administrative expenses were $4.1 million, a decrease of 10% from $4.5 million in the fourth quarter of 2016, and
an increase of 25.9% from $3.2
million in the third quarter of 2017. The year-over-year
decrease was mainly attributable to more stringent expense control
measures.
Sales and marketing expenses were $6.8 million, a decrease of 52.5% from
$14.4 million in the fourth quarter
of 2016, and a decrease of 1.5% from $6.9
million in the third quarter of 2017. The year-over-year
decrease was mainly attributable to the reductions in headcounts
and sales commissions in the commodity brokerage operation during
the fourth quarter of 2017.
Research and development expenses were $3.8 million, a decrease of 23.7% from
$5.0 million in the fourth quarter of
2016 and with no significant difference from the third quarter of
2017. The year-over-year decrease was mainly attributable to the
improved efficiency after the consolidation of R&D team
throughout different business units. The Company continues to
maintain a team of senior software engineers, data scientists and
capital market professionals to support further development in
fintech capabilities.
Total operating expenses were $14.7
million, a decrease of 38.5% from $23.9 million in the fourth quarter of 2016, and
an increase of 5.2% from $14.0
million in the third quarter of 2017. The year-over-year
decrease was mainly due to improved efficiency and effective cost
controls.
Loss from operations was $8.0
million, compared with a loss from operations of
$11.9 million in the fourth quarter
of 2016 and a loss from operations of $9.2
million in the third quarter of 2017.
Net loss attributable to China Finance Online was
$8.4 million, compared with a net
loss of $12.8 million in the fourth
quarter of 2016 and a net loss of $8.5
million in the third quarter of 2017.
Fully diluted loss per American Depository Shares ("ADS")
attributable to China Finance Online was $0.37 for the fourth quarter of 2017, compared
with fully diluted loss per ADS of $0.57 for the fourth quarter of 2016 and fully
diluted loss per ADS of $0.37 for the
third quarter of 2017. Basic and diluted weighted average numbers
of ADSs for the fourth quarter of 2017 were 22.7 million, compared
with basic and diluted weighted average number of ADSs of 22.7
million for the fourth quarter of 2016. Each ADS represents five
ordinary shares of the Company.
Full Year 2017 Financial Results
Net revenues for full year 2017 were $42.6 million, a decrease of 48.7% compared with
$83.1 million for 2016.
Revenues from financial services for the full year 2017 were
$28.2 million, a decrease of 59.1%
compared with $69.0 million for
2016.
Revenues from the financial information and advisory business
for the full year 2017 were $10.3
million, a decrease of 3.9% compared with $10.7 million for 2016.
Revenues from advertising for the full year 2017 were
$3.6 million, an increase of 24.0%
compared with $2.9 million for
2016.
Gross profit for the full year 2017 was $20.7 million, a decrease of 67.0% compared with
$62.7 million in the full year 2016.
Gross margin was 48.5% compared with 75.5% in 2016.
Net loss attributable to China Finance Online for
the full year 2017 was $36.7 million,
compared with $1.7 million in
2016.
Fully diluted loss per ADS attributable to China Finance
Online was $1.62 for the full
year 2017, compared with $0.07 in
2016. Basic and diluted weighted average numbers of ADSs for the
full year 2017 were 22.7 million.
Recent Developments
- China Finance Online received mobile internet video streaming
service license from State Administration of Radio and
Television
In October 2017, the Company
received approval by the highest regulatory agency for online video
and audio content in China, State
Administration of Radio and Television, to add mobile internet
streaming content onto its existing license for "Online Video and
Audio Broadcasting Program". In the backdrop of increased
government regulations on live or recorded video and audio content,
this new license not only qualifies China Finance Online to legally
produce enriched content, but also enables the Company to further
enhance user experience and increase user engagement on mobile
devices.
- Rifa receives licenses for asset management and investment
advisory in Hong Kong (Type 4, 5,
9 licenses)
In October 2017, the Company's
wholly owned subsidiary, Rifa Asset Management Limited ("Rifa"),
received approval by the Securities and Futures Commission ("SFC")
of Hong Kong for its Type 9
License, Type 4 License and Type 5 License. SFC is the independent
statutory body in charge of regulating the securities and futures
markets in Hong Kong. The Type 9
License allows Rifa to manage a portfolio of securities or futures
contracts for clients on a discretionary basis. The Type 4 License
allows Rifa to give investment advice to clients relating to the
sale and purchase of securities. The Type 5 License allows Rifa to
give investment advice to clients relating to the sale and purchase
of futures contracts.
- Lingxi Robo-Advisor recorded strong performance in 2017
In 2017, the Company's Robo-Advisor product, Lingxi, posted an
average return of 10.59% with an average drawdown rate of 1.84%,
which significantly outperformed the Shanghai Composite Index in
return with a significantly lower drawdown. According to China
Finance Online's internal research, Lingxi's performance in 2017
also exceeded most of its peer products in the market for its
better return with a lower drawdown. One of the best-performing
strategies by Lingxi produced a return of 15.76% in 2017. From
January 1, 2017 to April 12, 2018, the aggressive portfolio of
Lingxi beat 95% of equity funds and
hybrid funds in terms of return. During the broad market sell-off
in February 2018, Lingxi registered
average return of 0.8% gain, compared with losses among most peer
robo-advisor products in the marketplace.
- Strategic Cooperation with CITIC Securities to empower
investment advisory and wealth management services
In December 2017, the Company
entered into a strategic cooperation agreement with one of the
largest brokerage firms in China,
CITIC Securities. Under the agreement, both parties will cooperate
in investment advisory services, and China Finance Online will
provide CITIC Securities' investment advisors with its proprietary
cloud-based software products. Both parties will cooperate to carry
out intelligent asset allocation research to enhance CITIC's wealth
management capabilities.
- Strategic Cooperation with China Investment Securities to
enhance wealth management services
In December 2017, the Company
entered into a strategic cooperation agreement with a Top 20
leading brokerage firm in China,
China Investment Securities Co., Ltd. China Finance Online will
provide CISC with China Finance Online's proprietary cloud-based
software solutions powered by Genius database for CISC's investment
advisory and wealth management services. In addition, both parties
also agreed to explore co-branding partnerships.
- Strategic Cooperation with Orient Securities on Cloud-based
Investor Education Services
In March 2018, the Company entered
into a strategic cooperation agreement with a Top 10 leading
brokerage firm in China, Orient
Securities Co., Ltd. to introduce a cloud-based investor education
platform in China. As a
critical part of financial services, our investor education
platform applies machine learning technology on their trading and
training behaviors to identify investors' point-of-interest for
targeted knowledge push. The platform aims to guide mass retail
investors in China to develop a
rational wealth management mentality and improve investment
return.
- 2017 Fintech & Leading China Annual Forum
In February 2018, the Company
hosted "2017 Fintech Forum & Leading China Annual Awards" in
Nanjing. Among the key note
speakers and panelists were regulators, executives from the Hong
Kong Stock Exchange, leading financial institutions and leading
internet and fintech companies. The key discussions were centered
around data security, risk management, and fintech innovation. The
conference is committed to promoting the long-term health of
financial industry in China and
has received high recognitions from financial regulators and
institutions.
- Awards and Letters of Appreciation from the China Banking
Association, China Banking Regulatory Commission, China Securities
Investment Association and National Internet Finance Association of
China.
In early 2018, the Company's media content department received a
slew of awards and letters of appreciation from China Banking
Association, China Banking Regulatory Commission, Securities
Investment Association and National Internet Finance Association of
China for its outstanding media
coverages on the Chinese banking industry and stock markets. These
accolades are government endorsement of our efforts in promoting
rational and long-term investment philosophy.
Conference Call Information
The management will host a conference call on April 18, 2018 at 8:00
p.m. U.S. Eastern Time (8:00
a.m. Beijing/Hong Kong time April
19, 2018). 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: 5797018
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/veowrxpr.
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 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)
|
|
Dec. 31,
2017
|
Dec. 31,
2016
|
Assets
|
|
|
Current
assets:
|
|
|
Cash and cash
equivalents
|
38,693
|
66,151
|
Restricted
cash
|
2,036
|
2,484
|
Trust bank balances
held on behalf of customers
|
39,169
|
33,174
|
Accounts receivable,
net - others
|
8,977
|
14,411
|
Accounts receivable,
net - Margin clients
|
8,011
|
7,557
|
Short-term
investments
|
533
|
16,444
|
Prepaid expenses and
other current assets
|
4,198
|
8,240
|
Total current
assets
|
101,617
|
148,461
|
Long-term investments,
net
|
2,531
|
2,561
|
Property and
equipment, net
|
6,885
|
7,398
|
Acquired intangible
assets, net
|
96
|
397
|
Rental
deposits
|
1,141
|
1,292
|
Goodwill
|
108
|
109
|
Deferred tax
assets
|
1,621
|
1,403
|
Other
deposits
|
605
|
6,003
|
Total
assets
|
114,604
|
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 $8,477 and $5,286 as of December 31, 2017 and December
31,2016, respectively)
|
9,371
|
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 $6,109 and
$26,352 as of December 31, 2017 and December 31, 2016,
respectively)
|
9,953
|
29,620
|
Contingent liability
(including contingent liability of the consolidated variable
interest entities without recourse to China Finance Online Co.
Limited nil and nil as of December 31, 2017 and December 31, 2016,
respectively)
|
3
|
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
$5,375 and $3,071 as of December 31, 2017 and December 31, 2016,
respectively)
|
39,169
|
33,174
|
Accounts payable
(including accounts payable of the consolidated variable interest
entities without recourse to China Finance Online Co. Limited
$1,067 and $2,151 as of December 31, 2017 and December 31, 2016,
respectively)
|
9,462
|
8,746
|
Income taxes payable
(including income taxes payable of the consolidated variable
interest entities without recourse to China Finance Online Co.
Limited $484 and $3,819 as of December 31, 2017 and December 31,
2016, respectively)
|
553
|
3,828
|
Total current
liabilities
|
68,511
|
84,894
|
Deferred tax
liabilities (including deferred tax liabilities, non-current of the
consolidated variable interest entities without recourse to China
Finance Online Co. Limited $218 and $306 as of December 31, 2017
and December 31, 2016, respectively)
|
237
|
326
|
Deferred revenue,
non-current (including deferred revenue, non-current of the
consolidated variable interest entities without recourse to China
Finance Online Co. Limited $25 and $78 as of December 31, 2017 and
December 31, 2016, respectively)
|
144
|
609
|
Total
liabilities
|
68,892
|
85,829
|
Noncontrolling
interests
|
(8,335)
|
(4,370)
|
Total China Finance
Online Co. Limited Shareholders' equity
|
54,047
|
86,165
|
Total liabilities and
equity
|
114,604
|
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
|
The year
ended
|
|
Dec. 31,
2017
|
Dec. 31,
2016
|
Sep. 30,
2017
|
Dec. 31,
2017
|
Dec. 31,
2016
|
Net
revenues
|
13,597
|
19,237
|
10,739
|
42,623
|
83,058
|
Cost of
revenues
|
(6,837)
|
(7,215)
|
(5,921)
|
(21,934)
|
(20,380)
|
Gross
profit
|
6,760
|
12,022
|
4,818
|
20,689
|
62,678
|
Operating
expenses
|
|
|
|
|
|
General and
administrative(includes share-based compensation expenses of $561,
$999,$558, $1,119 and $5,241 respectively)
|
(4,055)
|
(4,505)
|
(3,220)
|
(15,250)
|
(19,837)
|
Sales and marketing
(includes share-based compensation expenses of $26, $233, $28, $54
and $130, respectively)
|
(6,845)
|
(14,426)
|
(6,948)
|
(29,467)
|
(50,083)
|
Product development
(includes share-based compensation expenses of $69, $731, $64, $133
and $205, respectively)
|
(3,822)
|
(5,009)
|
(3,833)
|
(16,208)
|
(14,485)
|
Loss from impairment
of intangible assets
|
-
|
-
|
-
|
(292)
|
(1,111)
|
Loss from impairment
of goodwill
|
-
|
(18)
|
-
|
-
|
(6,660)
|
|
|
|
|
|
|
Total operating
expenses
|
(14,722)
|
(23,958)
|
(14,001)
|
(61,217)
|
(92,176)
|
Government
subsidies
|
-
|
-
|
-
|
230
|
1,195
|
Income (loss) from
operations
|
(7,962)
|
(11,936)
|
(9,183)
|
(40,298)
|
(28,303)
|
Interest
income
|
235
|
217
|
59
|
487
|
1,051
|
Interest
expense
|
-
|
(2)
|
(1)
|
(3)
|
(2)
|
Long-term investment
loss, net
|
-
|
-
|
-
|
-
|
-
|
Short-term investment
income, net
|
(2)
|
510
|
102
|
63
|
379
|
Gain (loss) on the
interest sold and retained noncontrolling investment
|
(2,406)
|
-
|
-
|
(1,997)
|
20,568
|
Gain from sale of
equity method investment
|
-
|
-
|
-
|
111
|
-
|
Equity method
investment income
|
(3)
|
(7)
|
(1)
|
(13)
|
(138)
|
Other income (loss),
net
|
208
|
(408)
|
68
|
(283)
|
(305)
|
Exchange gain (loss),
net
|
(153)
|
26
|
(38)
|
(131)
|
(55)
|
|
|
|
|
|
|
Income (loss) before
income tax expenses
|
(10,083)
|
(11,600)
|
(8,994)
|
(42,064)
|
(6,805)
|
Income tax
expenses
|
170
|
(3,309)
|
23
|
(324)
|
(4,161)
|
|
|
|
|
|
|
Net income
(loss)
|
(9,913)
|
(14,909)
|
(8,971)
|
(42,388)
|
(10,966)
|
Less: Net income
(loss) attributable to the noncontrolling interest
|
(1,538)
|
(2,071)
|
(518)
|
(5,652)
|
(9,287)
|
Net income (loss)
attributable to China Finance Online Co. Limited
|
(8,375)
|
(12,838)
|
(8,453)
|
(36,736)
|
(1,679)
|
|
|
|
|
|
|
Net income
(loss)
|
(9,913)
|
(14,909)
|
(8,971)
|
(42,388)
|
(10,966)
|
Changes in foreign
currency translation adjustment
|
19
|
(2,437)
|
690
|
2,400
|
(4,343)
|
Net unrealized gain on
available-for-sale securities, net of tax effects of nil, nil, nil,
nil and nil respectively
|
118
|
-
|
(47)
|
-
|
-
|
Other comprehensive
income (loss), net of tax
|
137
|
(2,437)
|
643
|
2,400
|
(4,343)
|
Comprehensive income
(loss)
|
(9,776)
|
(17,346)
|
(8,328)
|
(39,988)
|
(15,309)
|
Less: comprehensive
income (loss) attributable to noncontrolling interest
|
(1,538)
|
(2,071)
|
(518)
|
(5,652)
|
(9,287)
|
Comprehensive income
(loss) attributable to China Finance Online Co. Limited
|
(8,238)
|
(15,275)
|
(7,810)
|
(34,336)
|
(6,022)
|
|
|
|
|
|
|
Net income (loss) per
share attributable to China Finance Online Co. Limited
|
|
|
|
|
|
Basic
|
(0.07)
|
(0.11)
|
(0.07)
|
(0.32)
|
(0.01)
|
Diluted
|
(0.07)
|
(0.11)
|
(0.07)
|
(0.32)
|
(0.01)
|
Net income (loss) per
ADS attributable to China Finance Online Co. Limited
|
|
|
|
|
|
Basic
|
(0.37)
|
(0.57)
|
(0.37)
|
(1.62)
|
(0.07)
|
Diluted
|
(0.37)
|
(0.57)
|
(0.37)
|
(1.62)
|
(0.07)
|
Weighted average
ordinary shares
|
|
|
|
|
|
Basic
|
113,693,018
|
113,465,823
|
113,593,847
|
113,601,949
|
113,213,912
|
Diluted
|
113,693,018
|
113,465,823
|
113,593,847
|
113,601,949
|
113,213,912
|
Weighted average
ADSs
|
|
|
|
|
|
Basic
|
22,738,604
|
22,693,165
|
22,718,769
|
22,720,390
|
22,642,782
|
Diluted
|
22,738,604
|
22,693,165
|
22,718,769
|
22,720,390
|
22,642,782
|
View original
content:http://www.prnewswire.com/news-releases/china-finance-online-reports-fourth-quarter-and-full-year-2017-unaudited-financial-results-300632248.html
SOURCE China Finance Online Co., Ltd.