BEIJING, Nov. 28, 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
third quarter and first nine months ended September 30, 2018.
Third Quarter 2018 Financial Highlights
- Net revenues were $8.6 million,
compared with $12.9 million in the
second quarter of 2018
- Gross margin increased to 58.2%, up from 44.9% in the third
quarter of 2017
- Net loss attributable to China Finance Online was $6.0 million, compared with a net loss of
$8.5 million in the third quarter of
2017
Key Development
- Officially signed a share transfer agreement to sell 20% of
Rifa Financial Holdings Limited ("Rifa Financial") to a strategic
investor for HK$ 73.8 million (about
US$ 9.4 million) and received the
first phase of payment of HK$ 35
million (about US$ 4.5
million)
First Nine Months of 2018 Highlights
- Net revenues were $34.8 million,
an increase of 20.0%, compared with $29.0
million in the first nine months of 2017
- Net loss attributable to China Finance Online was $15.5 million, compared with a net loss of
$28.4 million in the first nine
months of 2017
- Lingxi Robo-Advisor ("Lingxi") outperformed most of its peer
products in the Chinese market with an average return of 2.9% in
the first nine months of 2018, significantly outperforming a loss
of 14.7% in the Shanghai Composite Index.
Mr. Zhiwei
Zhao, Chairman and CEO of China Finance Online, commented,
"Under the continuing weak stock market conditions, our third
quarter net revenues were lower quarter-over-quarter. Our gross
margin improved year-over-year and our bottom line losses continued
to narrow on a year-over-year basis. With the priority of
maintaining future growth potential, we continue to control cost
and improve efficiency."
"China Finance Online's flagship site, JRJ.com.cn, continued to
heighten its market influence with its Alexa's Global Ranking and
China Ranking reaching No. 383 and No. 56, respectively. In an
ongoing environment of sluggish stock market performance, we have
been maintaining our dedicated services of providing professional
and timely market news and high-quality content, and also striving
to explore ways to monetize our news business. At the same time, we
are pleased that the value of our overseas wealth management
platform, Rifa Financial, is being gradually recognized by the
market, attracting a strategic investor to join its shareholder
base at a valuation of HK$ 369.0
million based on HK$ 73.8
million (about US$ 9.4
million) in exchange for a 20% equity transfer. Through this
partnership, we hope to further unlock the potential of our
company's overseas wealth management business," Mr. Zhao
continued.
"Lingxi Robo-Advisor weathered the storm of a difficult market
and continued to outperform the market indexes and most of its peer
Robo-Advisor products in the marketplace. Our newly-formed
partnership with China Unicom demonstrated the market recognition
of our asset allocation capabilities. We remain confident that we
are able to provide vast number of retail investors with the
best-in-class wealth management experience. In addition, we have
gradually penetrated the Chinese financial institutional market
with our core fintech-powered intelligent financial products. In
the future, we will continue to develop our fintech capabilities,
optimize and upgrade our service and product offerings, open new
markets and enable our investor clients to identify investment
opportunities and capture value in a changing market environment,"
Mr. Zhao concluded.
Third Quarter 2018 Financial Results
Net revenues were $8.6
million, compared with $10.7
million during the third quarter of 2017 and $12.9 million during the second quarter of 2018.
During the third quarter of 2018, revenues from financial services,
the financial information and advisory business, and advertising
services contributed 55%, 27% and 17% of the net revenues,
respectively, compared with 70%, 24% and 5%, respectively, for the
corresponding period in 2017.
Revenues from financial services were $4.7 million, compared with $7.5 million during the third quarter of 2017 and
$6.0 million during the second
quarter of 2018. Revenues from financial services consist mainly of
equity brokerage services. The year-over-year decrease of revenues
from financial services was mainly due to the suspension of
commodities brokerage business as well as reduced revenue from the
equity brokerage business. The quarter-over-quarter decrease of
revenues from financial services was mainly due to a decline in
revenues from the equity brokerage business.
Revenues from the financial information and advisory
business were $2.4 million,
compared with $2.6 million during the
third quarter of 2017 and $5.7
million in the second quarter of 2018. Revenues from the
financial information and advisory business were mainly comprised
of subscription services from individual and institutional
customers. During the third quarter, subscription revenue from
individual customers grew by 520.4% year-over-year, driven by the
increased subscription of the Company's cloud-based analytical
tools. The year-over-year revenue decrease in the financial
information and advisory business was mainly due to the weaker
performance of the Chinese stock markets affecting our financial
advisory business. The quarter-over-quarter decrease in the
financial information and advisory business was mainly due to the
decrease of revenues from individual subscription services.
Revenues from advertising services were $1.4 million, compared with $0.6 million in the third quarter of 2017 and
$1.2 million in the second quarter of
2018. The readership recognition of our premium content helped to
elevate our advertising revenues on both year-over-year and
quarter-over-quarter basis.
Gross profit was $5.0
million, compared with $4.8
million in the third quarter of 2017 and $8.5 million in the second quarter of 2018. Gross
margin in the third quarter of 2018 was 58.2%, compared with 44.9%
in the third quarter of 2017 and 65.5% in the second quarter of
2018. The year-over-year increase in gross margin was mainly due to
the year-over-year increase of revenues from individual
subscription services, which carry
a higher margin. The quarter-over-quarter decrease in gross margin
was mainly due to the quarter-over-quarter decrease of revenues
from individual subscription services.
General and administrative expenses were $3.1 million, a decrease of 4.9% from
$3.2 million in the third quarter of
2017 and an increase of 2.0% from $3.0
million in the second quarter of 2018. The year-over-year
decrease was mainly due to improved efficiency.
Sales and marketing expenses were $4.8 million, a decrease of 31.0% from
$6.9 million in the third quarter of
2017, and a decrease of 27.2% from $6.6
million in the second quarter of 2018. The year-over-year
decreases were mainly attributable to the reduction in expenses
associated with the terminated commodity brokerage operation and
reduced commissions associated with lower activity in the equity
brokerage business. The quarter-over-quarter decreases were mainly
attributable to the reduced commissions associated with lower
activity in the equity brokerage business.
Research and development expenses were $3.5 million, a decrease of 9.5% from
$3.8 million in the third quarter of
2017 and a decrease of 7.9% from $3.8
million in the second quarter of 2018. The year-over-year
and quarter-over-quarter decreases were mainly attributable to
improved efficiency after the consolidation of the R&D team.
The Company continues to maintain a team of senior software
engineers, data scientists and capital market professionals to
support further development in its fintech capabilities.
Total operating expenses were $11.3
million, a decrease of 19.1% from $14.0 million in the third quarter of 2017, and a
decrease of 15.2% from $13.4 million
in the second quarter of 2018. The year-over-year and
quarter-over-quarter decreases were mainly due to lower activity in
the equity brokerage business, improved operational efficiency and
effective cost controls.
Loss from operations was $6.3
million, compared with a loss from operations of
$9.2 million in the third quarter of
2017 and a loss from operations of $4.9
million in the second quarter of 2018.
Net loss attributable to China Finance Online was
$6.0 million, compared with a net
loss of $8.5 million in the third
quarter of 2017 and a net loss of $4.3
million in the second quarter of 2018.
Fully diluted loss per American Depository Shares ("ADS")
attributable to China Finance Online was $0.26 for the third quarter of 2018, compared
with fully diluted loss per ADS of $0.37 for the third quarter of 2017. Basic and
diluted weighted average numbers of ADSs for the third quarter of
2018 were 22.8 million, compared with basic and diluted weighted
average number of ADSs of 22.7 million for the third quarter of
2017. Each ADS represents five ordinary shares of the Company.
First Nine Months of 2018 Financial Results
Net revenues for the first nine months of 2018 were
$34.8 million, an increase of 20.0%
compared with $29.0 million in the
first nine months of 2017.
Gross profit for the first nine months of 2018 was
$21.7 million, an increase of 55.8%
compared with $13.9 million in the
first nine months of 2017.
Net loss attributable to China Finance Online for
the first nine months of 2018 was $15.5
million, compared to a net loss of $28.4 million in the first nine months of
2017.
Fully diluted loss per ADS attributable to China Finance
Online was $0.68 for the first
nine months of 2018, compared with fully diluted loss of
$1.25 for the first nine months of
2017.
Total shareholders' equity of China Finance Online was
$39.6 million as of September 30, 2018.
Recent Developments
- Lingxi Robo-Advisor recorded strong performance in the third
quarter of 2018
In the third quarter of 2018, the Chinese stock market
experienced another round of sell-offs, pushing the quarterly loss
of the Shanghai Composite Index to 0.9% and year-to-date loss to
14.7%. However, the Company's Robo-Advisor product, Lingxi, posted
an average gain of 1.4% in the third quarter of 2018 and an average
gain of 2.9% in the first nine months of 2018, with an average
drawdown rate of 2.1% in the third quarter of 2018 and 4.4% in the
first nine months of 2018, respectively. These results
significantly outperformed the Shanghai Composite Index for
investment return with a substantially lower drawdown. According to
China Finance Online's internal research, Lingxi's performance in
the first nine months of 2018 also exceeded most of its peer
products in the market with its better return and lower drawdown.
In the third quarter of 2018, one of the best-performing strategies
by Lingxi produced an annualized return of 11.0%.
Lingxi Platinum Product, catering for mass affluent investors in
China, outperformed the average
level of public fund-of-funds for investment return with a
significantly lower drawdown rate in the third quarter of 2018.
During the third quarter, the Shanghai-Shenzhen 300 Index suffered a 2.1% loss, while
Lingxi Platinum's core strategy was only down 0.9%. The Lingxi
Platinum Product mitigated the impact of the broad market sell-off
for its clients, and demonstrated the resilience and efficiency of
its multiple strategy global asset allocation program.
- One of China's largest
telecom operators, China Unicom, features Lingxi Robo-advisor in
its payment and wealth management mobile App - Epay.
Starting on November 21, 2018,
China Unicom officially enlisted China Finance Online's Lingxi
Robo-advisor in its flagship payment app, EPay. Users of China
Unicom EPay mobile app will have access to the one-stop wealth
management services of global asset allocations provided by China
Finance Online's Lingxi Robo-Advisor. As one of the big three
telecom operators in China, China
Unicom has 216 million 4G mobile subscribers and a total of 312 million mobile users. Introduced in 2011, China
Unicom's EPay was developed to meet China Unicom's users' wide
range of payment and fintech needs such as utility bill payments,
public transit ticket purchases, in-store purchases, online
shopping, movie ticket purchases, and most recently wealth
management product investment. Known for its security, China Unicom
EPay is also providing one-stop payment solutions to its enterprise
and government clients.
- Sale of 20% shares in Rifa Financial
In November 2018, China Finance
Online officially entered into a share transfer agreement with West
Platinum Limited (the "Buyer") to sell 1,552,000 shares, 20% of
Rifa Financial Holdings Limited (the "Share Transfer Agreement").
West Platinum Limited is a company incorporated in British Virgin Islands and is an independent
third party. With an 85% equity shareholding, China Finance Online
is currently the controlling shareholder of Rifa Financial.
Pursuant to the agreement, the total consideration for the
transaction is HK$ 73.8 million
(about US$ 9.4 million) and the first
payment phase of HK$ 35 million
(about US$ 4.5 million) has been
received. The completion of the equity transfer is subject to
conditions, including but not limited to the obtaining of all
necessary approvals and consents of Securities and Futures
Commission of Hong Kong.
Rifa Financial Holdings Limited has a suite of brokerage
licenses (#1, 2, 4, 5, 9 Licenses) issued by the Hong Kong
Securities and Futures Commission. Its subsidiary, Rifa Securities
Limited, was founded in 1971 and acquired by China Finance Online
in 2007. In 2016, Rifa Securities was awarded as "the Best Hong
Kong Securities Brokerage Firm" by Tencent.
Conference Call Information
The management will host a conference call on November 28, 2018 at 8:00
p.m. U.S. Eastern Time (9:00
a.m. Beijing/Hong Kong time November
29, 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:
|
8399944
|
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/v7omqv5y.
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)
|
|
|
Sep. 30,
2018
|
Dec. 31,
2017
|
Assets
|
|
|
Current
assets:
|
|
|
Cash and cash
equivalents
|
8,456
|
38,693
|
Restricted
cash
|
-
|
2,036
|
Trust bank balances
held on behalf of customers
|
27,668
|
39,169
|
Accounts receivable,
net - others
|
9,140
|
8,977
|
Accounts receivable,
net - Margin clients
|
16,665
|
8,011
|
Short-term
investments
|
3
|
533
|
Prepaid expenses and
other current assets
|
4,117
|
4,198
|
Total current
assets
|
66,049
|
101,617
|
Long-term investments,
net
|
2,401
|
2,531
|
Property and
equipment, net
|
4,787
|
6,885
|
Acquired intangible
assets, net
|
-
|
96
|
Rental
deposits
|
1,032
|
1,141
|
Goodwill
|
108
|
108
|
Deferred tax
assets
|
1,307
|
1,621
|
Other
deposits
|
437
|
605
|
Total
assets
|
76,121
|
114,604
|
|
|
|
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 $6,277 and $8,477 as of September 30, 2018
and
December 31,2017, respectively)
|
7,200
|
9,371
|
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
$3,066 and
$6,109 as of September 30, 2018 and December 31, 2017,
respectively)
|
5,383
|
9,953
|
Contingent
liability (including contingent liability of the
consolidated
variable interest entities without recourse to China Finance Online
Co.
Limited nil and nil as of September 30, 2018 and December 31,
2017,
respectively)
|
-
|
3
|
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 $1,427 and
$5,375
as of September 30, 2018 and December 31, 2017,
respectively)
|
27,668
|
39,169
|
Accounts payable
(including accounts payable of the consolidated
variable interest entities without recourse to China Finance Online
Co.
Limited $1,046 and $1,067 as of September 30, 2018 and December
31,
2017, respectively)
|
5,006
|
9,462
|
Income taxes payable
(including income taxes payable of the
consolidated variable interest entities without recourse to China
Finance
Online Co. Limited $(2) and $484 as of September 30, 2018 and
December 31, 2017, respectively)
|
67
|
553
|
Total current
liabilities
|
45,324
|
68,511
|
Deferred tax
liabilities (including deferred tax liabilities of the
consolidated variable interest entities without recourse to China
Finance
Online Co. Limited $13 and $218 as of September 30, 2018 and
December 31, 2017, respectively)
|
15
|
237
|
Deferred revenue,
non-current (including deferred revenue, non-current
of the consolidated variable interest entities without recourse to
China
Finance Online Co. Limited nil and $25 as of September 30, 2018
and
December 31, 2017, respectively)
|
103
|
144
|
Total
liabilities
|
45,442
|
68,892
|
Noncontrolling
interests
|
(8,952)
|
(8,335)
|
Total China Finance
Online Co. Limited Shareholders' equity
|
39,631
|
54,047
|
Total liabilities and
equity
|
76,121
|
114,604
|
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
|
Nine months
ended
|
|
Sep.30,2018
|
Sep.30,2017
|
Jun.30,2018
|
Sep.30,2018
|
Sep.30,2017
|
Net
revenues
|
8,614
|
10,739
|
12,927
|
34,820
|
29,026
|
Cost of
revenues
|
(3,600)
|
(5,921)
|
(4,464)
|
(13,119)
|
(15,097)
|
Gross
profit
|
5,014
|
4,818
|
8,463
|
21,701
|
13,929
|
Operating
expenses
|
|
|
|
|
|
General and
administrative(includes
share-based
compensation expenses
of $371, $558,$564,
$1,514 and $2,179
respectively)
|
(3,063)
|
(3,220)
|
(3,003)
|
(9,318)
|
(11,195)
|
Sales and
marketing
(includes share-based
compensation expenses
of $65, $28, $65,$197
and $86, respectively)
|
(4,796)
|
(6,948)
|
(6,586)
|
(17,623)
|
(22,622)
|
Product
development
(includes share-based
compensation expenses
of $61, $64, $64, $188
and $147, respectively)
|
(3,468)
|
(3,833)
|
(3,764)
|
(10,999)
|
(12,386)
|
Loss from
impairment of
intangible assets
|
-
|
-
|
-
|
-
|
(292)
|
Total operating
expenses
|
(11,327)
|
(14,001)
|
(13,353)
|
(37,940)
|
(46,495)
|
Government
subsidies
|
-
|
-
|
-
|
-
|
230
|
Income (loss)
from operations
|
(6,313)
|
(9,183)
|
(4,890)
|
(16,239)
|
(32,336)
|
Interest
income
|
4
|
59
|
18
|
82
|
252
|
Interest
expense
|
-
|
(1)
|
(1)
|
(1)
|
(3)
|
Short-term
investment
income, net
|
2
|
102
|
(80)
|
(77)
|
65
|
Gain(loss) on the
interest sold and
retained
noncontrolling
investment
|
-
|
-
|
1
|
(1)
|
409
|
Gain from sale
of equity method
investment
|
-
|
-
|
-
|
-
|
111
|
Equity method
investment income
|
(1)
|
(1)
|
(2)
|
(3)
|
(10)
|
Other income
(loss), net
|
(132)
|
68
|
69
|
(442)
|
(491)
|
Exchange gain
(loss), net
|
61
|
(38)
|
66
|
173
|
22
|
Income (loss)
before income
tax expenses
|
(6,379)
|
(8,994)
|
(4,819)
|
(16,508)
|
(31,981)
|
Income tax
expenses
|
76
|
23
|
133
|
(58)
|
(494)
|
Net income
(loss)
|
(6,303)
|
(8,971)
|
(4,686)
|
(16,566)
|
(32,475)
|
Less:
Net
income (loss)
attributable to
the
noncontrolling
interest
|
(283)
|
(518)
|
(348)
|
(1,050)
|
(4,114)
|
Net income
(loss)
attributable to
China Finance
Online Co.
Limited
|
(6,020)
|
(8,453)
|
(4,338)
|
(15,516)
|
(28,361)
|
Net income
(loss)
|
(6,303)
|
(8,971)
|
(4,686)
|
(16,566)
|
(32,475)
|
Changes
in
foreign currency
translation
adjustment
|
(189)
|
690
|
(479)
|
(269)
|
2,381
|
Net
unrealized
gain on
available-for-
sale securities,
net of tax
effects of nil,
nil, nil, nil
and nil
respectively
|
-
|
(47)
|
-
|
-
|
(118)
|
Other
comprehensive
income (loss),
net of tax
|
(189)
|
643
|
(479)
|
(269)
|
2,263
|
Comprehensive
income (loss)
|
(6,492)
|
(8,328)
|
(5,165)
|
(16,835)
|
(30,212)
|
Less:
comprehensive
income (loss)
attributable to
noncontrolling
interest
|
(283)
|
(518)
|
(348)
|
(1,050)
|
(4,114)
|
Comprehensive
income (loss)
attributable to
China Finance
Online Co.
Limited
|
(6,209)
|
(7,810)
|
(4,817)
|
(15,785)
|
(26,098)
|
Net income
(loss) per share
attributable to
China Finance
Online Co.
Limited
|
|
|
|
|
|
Basic
|
(0.05)
|
(0.07)
|
(0.04)
|
(0.14)
|
(0.25)
|
Diluted
|
(0.05)
|
(0.07)
|
(0.04)
|
(0.14)
|
(0.25)
|
Net income
(loss) per ADS
attributable to
China Finance
Online Co.
Limited
|
|
|
|
|
|
Basic
|
(0.26)
|
(0.37)
|
(0.19)
|
(0.68)
|
(1.25)
|
Diluted
|
(0.26)
|
(0.37)
|
(0.19)
|
(0.68)
|
(1.25)
|
Weighted average
ordinary shares
|
|
|
|
|
|
Basic
|
113,905,561
|
113,593,847
|
113,866,602
|
113,872,953
|
113,571,257
|
Diluted
|
113,905,561
|
113,593,847
|
113,866,602
|
113,872,953
|
113,571,257
|
Weighted average
ADSs
|
|
|
|
|
|
Basic
|
22,781,112
|
22,718,769
|
22,773,320
|
22,774,591
|
22,714,251
|
Diluted
|
22,781,112
|
22,718,769
|
22,773,320
|
22,774,591
|
22,714,251
|
View original
content:http://www.prnewswire.com/news-releases/china-finance-online-reports-third-quarter-and-first-nine-months-of-2018-unaudited-financial-results-300756859.html
SOURCE China Finance Online Co., Ltd.