On May 14, Chinese online and media company SINA
- Read more about SINA's new emphasis on Internet advertising in our earnings take.
- Revenues increased 9.8% to $51.3 million, beating the company's previous guidance of $48 million to $50 million.
- The increase in sales was primarily driven by a 43% increase in advertising revenue, the company's largest segment.
- SINA has a three-star rating in CAPS, our free interactive stock database. Chinese online companies Sohu.com
(NASDAQ:SOHU) and Baidu.com(NASDAQ:BIDU) have three and two stars, respectively.
(Figures in thousands, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$51,280 |
$46,712 |
9.8% |
|
Net Profit |
$8,608 |
$7,036 |
22.3% |
|
EPS |
$0.15 |
$0.12 |
25.0% |
|
Diluted Shares |
59,264 |
58,617 |
1.1% |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
59.3% |
61.4% |
(2.0) |
|
Operating Margin |
14.6% |
14.2% |
0.4 |
|
Net Margin |
16.8% |
15.1% |
1.7 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$382,667 |
$304,411 |
25.7% |
|
Accounts Rec. |
$41,544 |
$34,865 |
19.2% |
|
Inventory |
N/A |
N/A |
N/A |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$2,516 |
$1,920 |
31.0% |
|
Long-Term Debt |
N/A |
N/A |
N/A |
The balance sheet reflects the company's health.
Cash Flow Highlights
SINA must be off surfing the Web, because it forgot to include a cash flow statement in the press release.
Free cash flow is a Fool's best friend.
Related Foolishness:
SINA is a Stock Advisor recommendation, while Baidu.com is a Rule Breakers pick. To see what other Chinese companies have bright prospects, try a free 30-day trial to either newsletter.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
