It's a disaster. One more year like this and they are complete BK.
I don't get it for 2012, like it stated in the report:
Total net revenues were RMB3,
678.4 million (US$590.4 million),
Net loss attributable to shareholders on a non-GAAP basis1 was RMB1,
468.3 million (US$235.7 million)
Should that translates to $354.7 Million Net Profit???
Can anybody explain?
are you okay?
the net loss is the difference between revenues and expenses.
In this case the expenses exceed revenues !
Net decrease in cash and cash equivalents : 149 mil
Cash and cash equivalents at the beginning of period : 258 mil
Cash and cash equivalents at the end of period : 109 mil ($1,30/share ) disaster !!!
not really if you believe they will recover this year. if so, they are trading at cheaper than cash per share.
yeah, I said two years instead the time available for recovery is now measured in months.