China Finance Online announces Q4 results

| About: China Finance (JRJC)

Here are the results for China Finance Online (ticker: JRJC):


Highlights for the fourth quarter of 2004:

  • Net revenues grew 229% year-over-year and 24% quarter-over-quarter to $2.07 million for the fourth quarter of 2004.
  • Net income grew 426% year-over-year and 44% quarter-over-quarter to $1.85 million for the quarter.
  • Diluted income per ADS was $0.09 and diluted income per share was $0.02 for the quarter.
  • Gross margin for the quarter was 95%, compared to 89% for the same period in 2003 and 94% in the previous quarter.
  • Net income margin increased to 89% from 56% for the same period in 2003 and 77% in the previous quarter.

Highlights for the full year 2004:

  • Net revenues grew 165% to $6.02 million from $2.27 million for the full year 2003.
  • Net income grew 286% to $4.6 million from $1.2 million for the full year 2003.
  • Diluted income per ADS was $0.26 for the full year 2004 and diluted income per share was $0.05 for the full year 2004.
  • Gross margin for the full year 2004 was 93%, compared to 87% for the full year 2003.
  • Net income margin increased to 76% for the full year 2004 from 52% for the full year 2003.

Subscribers:

  • The number of new subscribers for the fourth quarter of 2004 was 3,977, a 21% increase from 3,298 for the same period in 2003
  • The number of new subscribers for the third and the fourth quarter of 2004 remained relatively flat.
  • Repeat subscribers for the fourth quarter of 2004 were 3,115, an increase of 54% from 2,029 for the same period in 2003, or an increase of 31% from 2,372 during the previous quarter.
  • Average subscription fee per subscriber (ASF), for new subscribers increased by 105% to $285 for the fourth quarter of 2004 from $139 for the same period in 2003, or by 30% from $219 in the previous quarter.
  • ASF for repeat subscribers increased by 134% to $297 for the fourth quarter of 2004 from $127 for the same period in 2003, or by 11% from $268 in the previous quarter.