Marbridge Daily

<- May 18, 2012 ->

Dangdang Records Q1 2012 Loss of RMB 100 Mln

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.

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