PR Newswire Asia, 5/17/12
Chinese B2C e-commerce site Dangdang (NYSE: DANG) today announced its unaudited financial reports for the first quarter ended March 31, 2012. Total net revenues in Q1 2012 were RMB 1.08 bln, up 57.6% YoY.
Net loss was RMB 99.52 mln, compared to a net profit of RMB 3.08 mln in Q1 2011.
Media product revenue for Q1 2012 was RMB 695.98 mln (USD 110.52 mln), up 35.4% YoY.
General merchandise revenue for Q1 2012 was RMB 367.88 mln (USD 58.42 mln), up 124.3% YoY.
Other revenue including revenue from third-party merchants for Q1 2012 was RMB 19.77 mln (USD 3.14 mln), up 108.2% YoY.
Dangdang had about 6.1 mln active customers in Q1 2012, up 44% YoY. Total orders for Q1 2012 were approximately 11.8 mln, up 48% YoY.
Dangdang expects its total net revenues in Q2 2012 to be around RMB 1.186 bln, up 50% YoY.
To view Dangdang's complete earnings report, please click here.