SHANGHAI, May 19, 2015 /PRNewswire/ -- E-House
(China) Holdings Limited
("E-House" or the "Company") (NYSE: EJ), a leading real estate
services company in China, today
announced its unaudited financial results for the fiscal quarter
ended March 31, 2015.
First Quarter 2015 Financial Highlights
- Total revenues increased by 4% year-on-year to $169.1 million
- Revenues from real estate online services increased by 19%
year-on-year to $93.4 million,
including $67.1 million in revenues
from e-commerce services, which grew by 35% year-on-year
- Non-GAAP[1] net loss
attributable to E-House shareholders was $18.2 million, or $0.13 loss per diluted American depositary share
("ADS")
[1] E-House uses in this press
release the following non-GAAP financial measures: (1) income
(loss) from operations, (2) net income (loss), (3) net income
(loss) attributable to E-House shareholders, (4) net income (loss)
attributable to E-House shareholders per basic ADS, and (5) net
income (loss) attributable to E-House shareholders per diluted ADS,
each of which excludes share-based compensation expense and
amortization of intangible assets resulting from business
acquisitions. See "About Non-GAAP Financial Measures" and
"Unaudited Reconciliation of GAAP and Non-GAAP Results" below for
more information about the non-GAAP financial measures included in
this press release.
|
Xin Zhou, E-House's co-chairman
and CEO, said, "Seasonality and a later than usual Chinese New Year holiday contributed to a slow
real estate market in the first quarter with a low volume of
transactional activities, which negatively impacted our results.
However, the overall market began to improve toward the end of
March, driven in part by the government's loosened credit policies
and improved sentiment toward the industry, which in turn resulted
in increased transaction volumes and improved performances in our
traditional businesses."
Mr. Zhou continued, "We are pleased to see our new business
lines continue their rapid development and new business models
begin to take shape. Our community value-added services app
Shi Hui is now firmly established as
a mobile platform that provides mobile marketing solutions to
accurately-targeted users. Shi Hui
has also started penetrating further into local communities through
partnerships with various property management companies. We
launched Shi Hui in an additional 30
cities this week, and as a result Shi
Hui now covers 40 cities with a user base exceeding 4.5
million people and over 400,000 daily active users.
"We have also seen a number of positive developments in our
financial services platform. As part of this platform, E-House
currently holds a 33% stake in Jupai Holdings, Ltd. ("Jupai"), a
leading third-party wealth management services provider in
China. As we announced last month,
E-House has entered into a definitive agreement to transfer E-House
Capital, our asset management business, into Jupai in exchange for
additional equity ownership. Another part of our financial services
platform, our P2P real estate financial services website www.fangjs.com, has attracted over 21,000 individual
investors with a total capital flow of approximately RMB390 million (approximately $64 million)."
Bin Laurence, E-House's CFO, said, "As expected, the first
quarter was a seasonally weak quarter with moderate overall revenue
growth for the Company. In addition, due to our previously
announced investments in and expansion of new business lines, our
profit margin has been negatively impacted in recent quarters. We
believe that such investments will add new drivers to the Company's
longer term growth, particularly as we start to develop clear
business models for these new businesses."
First Quarter 2015 Results
Total revenues were $169.1
million, an increase of 4% from $163.3 million for the same quarter of 2014,
primarily driven by the growth of revenues from real estate online
services.
Revenues from real estate online services were
$93.4 million, an increase of 19%
from $78.5 million for the same
quarter of 2014, mainly contributed by growth of revenues in
e-commerce services. Revenues from e-commerce services were
$67.1 million, an increase of 35%
from $49.7 million for the same
quarter of 2014, primarily due to the expansion of the Company's
e-commerce business through partnerships with property developers.
Revenues from online advertising services were $22.5 million, a decrease of 8% from $24.6 million for the same quarter of 2014,
primarily due to the slowdown in primary home sales. Revenues
from listing services were $3.8
million, a decrease of 9% from $4.2
million for the same quarter of 2014, primarily due to
discounts offered by the Company to secondary agencies.
Revenues from real estate brokerage services were
$58.7 million, a decrease of 4% from
$61.1 million for the same quarter of
2014. Real estate brokerage services include primary real estate
agency services and secondary real estate brokerage services.
Revenues from primary real estate agency services
were $56.7 million, a decrease of 4%
from $59.3 million for the same
quarter of 2014. The decrease was caused by the decrease in the
total gross floor area ("GFA") of new properties sold and the total
transaction value of new properties sold compared to the same
quarter of 2014 (see "Selected Operating Data" below for more
details on the total GFA and transaction value of new properties
sold), which was partially offset by the increase of average
commission rate. Revenues from secondary real estate
brokerage services were $2.0
million, a slight increase from $1.8
million for the same quarter of 2014.
Revenues from real estate information and
consulting services were $13.1
million, a decrease of 26% compared to $17.8 million for the same quarter of 2014,
mostly due to decreased revenue in consulting services as a result
of a low volume of real estate activities in the first quarter of
2015.
Revenues from other services were $3.9 million, a decrease of $2.0 million from $5.9
million for the same quarter of 2014. Other services include
offline real estate advertising services, promotional events
services, real estate fund management services and real estate
financial services. The revenue decrease from other services in the
first quarter was primarily due to the decrease in revenues from
offline promotional events services.
No material revenue was generated from community value-added
services in the first quarter.
Cost of revenues was $66.2
million, an increase of 12% from $59.0 million for the same quarter of 2014,
mostly due to increased staff costs from primary real estate agency
services and real estate online services, partially offset by
decreased staff commissions, in line with the decreased
revenues.
Selling, general and administrative
("SG&A") expenses were
$139.9 million, an increase of 33%
from $104.9 million in the same
quarter of 2014, primarily due to higher marketing and promotion
expenses for real estate online services, as well as $8.5 million in expenses related to community
value-added services and real estate financial services, both of
which commenced in the third quarter of 2014.
Loss from operations was $36.6 million, compared to $0.04 million income from operations for the same
quarter of 2014. Non-GAAP loss from operations was
$26.9 million, compared to
$10.1 million non-GAAP income from
operations for the same quarter of 2014.
Net loss was $30.4
million, compared to $1.2
million net income for the same quarter of 2014.
Non-GAAP net loss was $21.6
million, compared to $10.3
million non-GAAP net income for the same quarter of
2014.
Net loss attributable to E-House
shareholders was $25.1
million, or $0.18 loss per
diluted ADS, compared to $2.9 million
net income attributable to E-House shareholders, or $0.02 per diluted ADS, for the same quarter of
2014. Non-GAAP net loss attributable to E-House
shareholders was $18.2
million, or $0.13 loss per
diluted ADS, compared to $11.9
million non-GAAP net income attributable to E-House
shareholders, or $0.08 per diluted
ADS, for the same quarter of 2014.
Cash Flow
As of March 31, 2015, the
Company's cash and cash equivalents balance was
$458.9 million.
First quarter 2015 net cash used in operating
activities was $120.1
million, mainly attributable to non-GAAP net loss of
$21.6 million, an increase in
properties held for sale and advance payment for properties to be
held for sale of $38.7 million, an
increase in customer deposits of $23.4
million, a decrease in payroll and welfare payables of
$24.6 million and a decrease in
income tax payable of $13.6 million.
Net cash used in investing activities was
$62.4 million, mainly comprised of a
$34.1 million payment for restricted
cash as collateral of bank loans, a $24.4
million payment for the purchase of property and equipment
and a $4.6 million prepayment for
business acquisition. Net cash proceeds provided by financing
activities were $11.8
million, mainly comprised of $29.7
million cash received from a long-term loan, partially
offset by $12.9 million in dividends
paid to shareholders and a $6.1
million payment for the acquisition of the remaining
non-controlling interests in the Company's online business made in
2014.
Business Outlook
The Company maintains its fiscal year 2015 total revenues
guidance of approximately $1.05 billion to
$1.10 billion, which would represent an increase of
approximately 16% to 22% from $904.5
million in 2014. This forecast reflects the Company's
current and preliminary view, which is subject to change.
Conference Call Information
E-House's management will host an earnings conference call
on May 19, 2015 at 8:15 a.m. U.S. Eastern Time
(8:15 p.m. Beijing/Hong Kong time).
Dial-in details for the earnings conference call are as
follows:
U.S./International: +1-845-675-0437
Hong Kong:
+852-3018-6771
Mainland China: 800-819-0121
Please dial in 10 minutes before the call is scheduled to begin
and provide the passcode to join the call. The passcode is "E-House
earnings call."
A replay of the conference call may be accessed by phone at the
following number until May 27,
2015:
US/International: +1-646-254-3697
Hong Kong:
+852-3051-2780
Mainland China: 800-870-0205
Passcode: 43387052
Additionally, a live and archived webcast will be available at
http://ir.ehousechina.com.
About E-House
E-House (China) Holdings
Limited ("E-House") (NYSE: EJ) is China's leading real estate services company
with a nationwide network covering more than 260 cities. E-House
offers a wide range of services to the real estate industry,
including real estate online services through our 70%-owned
subsidiary, Leju Holdings Limited (NYSE: LEJU), primary sales
agency, secondary brokerage, information and consulting, offline
advertising and promotion, real estate investment management and
financial services, and community value-added services. E-House has
received numerous awards for its innovative and high-quality
services, including "China's Best
Company" from the National Association of Real Estate Brokerage and
Appraisal Companies and "China Enterprises with the Best Potential"
from Forbes. For more information about E-House, please visit
http://www.ehousechina.com.
Safe Harbor: Forward-Looking Statements
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of Section
21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "may," "intend," "confident," "is
currently reviewing," "it is possible," "subject to" and similar
statements. Among other things, the Business Outlook section and
quotations from management in this press release, as well as
E-House's strategic and operational plans, contain forward-looking
statements. E-House may also make written or oral forward-looking
statements in its reports filed or furnished with the U.S.
Securities and Exchange Commission, including Forms 20-F and 6-K,
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about E-House's beliefs and
expectations, are forward-looking statements and are subject to
change. Forward-looking statements involve inherent risks and
uncertainties. A number of important factors could cause actual
results to differ materially from those contained, either expressly
or impliedly, in any of the forward-looking statements in this
press release. Potential risks and uncertainties include, but are
not limited to, a severe or prolonged downturn in the global
economy, E-House's susceptibility to fluctuations in the real
estate market of China, government
measures aimed at China's real
estate industry, failure of the real estate services industry in
China to develop or mature as
quickly as expected, diminution of the value of E-House's brand or
image, E-House's inability to successfully execute its strategy of
expanding into new geographical markets in China, E-House's failure to manage its growth
effectively and efficiently, E-House's failure to successfully
execute the business plans for its strategic alliances and other
new business initiatives, E-House's loss of its competitive
advantage if it fails to maintain and improve its proprietary CRIC
system or to prevent disruptions or failure in the system's
performance, E-House's failure to compete successfully,
fluctuations in E-House's results of operations and cash flows,
E-House's reliance on a concentrated number of real estate
developers, natural disasters or outbreaks of health epidemics and
other risks outlined in E-House's filings with the U.S. Securities
and Exchange Commission. All information provided in this press
release is current as of the date of this press release, and
E-House does not undertake any obligation to update any such
information, except as required under applicable law.
About Non-GAAP Financial Measures
To supplement E-House's consolidated financial results presented
in accordance with United States Generally Accepted Accounting
Principles ("GAAP"), E-House uses in this press release the
following non-GAAP financial measures: (1) income (loss) from
operations, (2) net income (loss), (3) net income (loss)
attributable to E-House shareholders, (4) net income (loss)
attributable to E-House shareholders per basic ADS, and (5) net
income (loss) attributable to E-House shareholders per diluted ADS,
each of which excludes share-based compensation expense and
amortization of intangible assets resulting from business
acquisitions. The presentation of these non-GAAP financial measures
is not intended to be considered in isolation or as a substitute
for the financial information prepared and presented in accordance
with GAAP. For more information on these non-GAAP financial
measures, please see the table captioned "Unaudited Reconciliation
of GAAP and Non-GAAP Results" set forth at the end of this press
release.
E-House believes that these non-GAAP financial measures provide
meaningful supplemental information to investors regarding its
operating performance by excluding share-based compensation expense
and amortization of intangible assets resulting from business
acquisitions, which may not be indicative of E-House's operating
performance. These non-GAAP financial measures also facilitate
management's internal comparisons to E-House's historical
performance and assist its financial and operational decision
making. A limitation of using these non-GAAP financial measures is
that share-based compensation expense and amortization of
intangible assets resulting from business acquisitions that may
continue to exist in E-House's business for the foreseeable future.
Management compensates for these limitations by providing specific
information regarding the GAAP amounts excluded from each non-GAAP
measure. The accompanying tables have more details on the
reconciliation between non-GAAP financial measures and their most
comparable GAAP financial measures.
For investor and media inquiries please contact:
In China:
Ms. Michelle Yuan
Director of Investor Relations
E-House (China) Holdings
Limited
Phone: +86 (21) 6133-0754
E-mail: michelleyuan@ehousechina.com
Mr. Derek Mitchell
Ogilvy Financial
In the U.S.: +1 (646) 867-1888
In China: +86 (10) 8520-6139
E-mail: ej@ogilvy.com
E-HOUSE (CHINA)
HOLDINGS LIMITED UNAUDITED CONSOLIDATED BALANCE
SHEET (In thousands of U.S. dollars)
|
|
|
|
|
|
|
|
|
|
December
31,
|
|
March
31,
|
|
|
|
2014
|
|
2015
|
ASSETS
|
|
|
|
|
|
|
|
|
|
Current
assets
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
|
630,617
|
|
|
|
458,867
|
|
Restricted
cash
|
|
|
|
40,402
|
|
|
|
39,913
|
|
Customer deposits,
net
|
|
|
|
92,797
|
|
|
|
116,162
|
|
Accounts receivable,
net
|
|
|
|
415,150
|
|
|
|
409,002
|
|
Advance payment for
properties, current
|
|
|
|
51,983
|
|
|
|
90,902
|
|
Properties held for
sale
|
|
|
|
34,842
|
|
|
|
29,581
|
|
Deferred tax assets,
net
|
|
|
|
64,805
|
|
|
|
64,555
|
|
Prepaid expenses and
other current assets
|
|
|
|
39,339
|
|
|
|
41,302
|
|
Amounts due from
related parties
|
|
|
|
6,094
|
|
|
|
2,850
|
|
Total current
assets
|
|
|
|
1,376,029
|
|
|
|
1,253,134
|
|
Property and
equipment, net
|
|
|
|
49,109
|
|
|
|
48,809
|
|
Intangible assets,
net
|
|
|
|
120,381
|
|
|
|
126,813
|
|
Investment in
affiliates
|
|
|
|
51,681
|
|
|
|
52,006
|
|
Goodwill
|
|
|
|
51,540
|
|
|
|
51,477
|
|
Customer deposits,
non-current, net
|
|
|
|
797
|
|
|
|
615
|
|
Investment in preferred shares of a private entity
|
|
|
|
39,485
|
|
|
|
41,181
|
|
Restricted cash,
non-current
|
|
|
|
-
|
|
|
|
34,027
|
|
Other non-current
assets
|
|
|
|
87,902
|
|
|
|
114,323
|
|
Total
assets
|
|
|
|
1,776,924
|
|
|
|
1,722,385
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND
EQUITY
|
|
|
|
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
|
|
|
|
Short-term
borrowings
|
|
|
|
35,954
|
|
|
|
35,818
|
|
Accounts
payable
|
|
|
|
8,261
|
|
|
|
6,415
|
|
Accrued payroll and
welfare expenses
|
|
|
|
116,577
|
|
|
|
92,200
|
|
Income tax
payable
|
|
|
|
117,594
|
|
|
|
104,177
|
|
Other tax
payable
|
|
|
|
49,390
|
|
|
|
44,406
|
|
Amounts due to
related parties
|
|
|
|
7,356
|
|
|
|
8,169
|
|
Advance from property
buyers
|
|
|
|
2,261
|
|
|
|
4,322
|
|
Advance from
customers and deferred revenue
|
|
|
|
19,013
|
|
|
|
19,849
|
|
Dividend
payables.
|
|
|
|
12,902
|
|
|
|
21,362
|
|
Liabilities for
exclusive right, current
|
|
|
|
-
|
|
|
|
12,211
|
|
Other current
liabilities
|
|
|
|
85,837
|
|
|
|
76,059
|
|
Total current
liabilities
|
|
|
|
455,145
|
|
|
|
424,988
|
|
Deferred tax
liabilities
|
|
|
|
28,203
|
|
|
|
28,105
|
|
Convertible senior
notes
|
|
|
|
132,752
|
|
|
|
133,030
|
|
Other non-current
liabilities
|
|
|
|
658
|
|
|
|
30,189
|
|
Total
liabilities
|
|
|
|
616,758
|
|
|
|
616,312
|
|
Equity
|
|
|
|
|
|
|
|
|
|
Ordinary shares ($0.001 par value): 1,000,000,000 and
1,000,000,000 shares authorized, 142,123,368 and
142,326,313 shares issued and outstanding, as of December
31, 2014 and March 31, 2015, respectively
|
|
|
|
142
|
|
|
|
142
|
|
Additional paid-in
capital
|
|
|
|
991,646
|
|
|
|
975,335
|
|
Subscription
receivables
|
|
|
|
(196)
|
|
|
|
(13)
|
|
Accumulated
deficit
|
|
|
|
(67,703)
|
|
|
|
(92,841)
|
|
Accumulated other
comprehensive income
|
|
|
|
83,901
|
|
|
|
83,043
|
|
Total E-House
equity
|
|
|
|
1,007,790
|
|
|
|
965,666
|
|
Non-controlling
interests
|
|
|
|
152,376
|
|
|
|
140,407
|
|
Total
equity
|
|
|
|
1,160,166
|
|
|
|
1,106,073
|
|
TOTAL LIABILITIES
AND EQUITY
|
|
|
|
1,776,924
|
|
|
|
1,722,385
|
|
E-HOUSE (CHINA)
HOLDINGS LIMITED UNAUDITED CONSOLIDATED STATEMENTS OF
OPERATIONS (In thousands of U.S. dollars, except share
data and per share data)
|
|
|
|
|
|
|
|
Three months
ended
|
|
|
|
March
31,
|
|
|
|
2014
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
|
163,311
|
|
|
|
169,145
|
|
Cost of
revenues
|
|
|
|
(59,023)
|
|
|
|
(66,200)
|
|
Selling, general and
administrative expenses
|
|
|
|
(104,921)
|
|
|
|
(139,853)
|
|
Other operating
income
|
|
|
|
671
|
|
|
|
300
|
|
Income (loss) from
operations
|
|
|
|
38
|
|
|
|
(36,608)
|
|
|
|
|
|
|
|
|
|
|
|
Interest
expenses
|
|
|
|
(1,346)
|
|
|
|
(2,306)
|
|
Interest
income
|
|
|
|
735
|
|
|
|
1,266
|
|
Other income,
net
|
|
|
|
125
|
|
|
|
716
|
|
Loss before taxes
and equity in affiliates
|
|
|
|
(448)
|
|
|
|
(36,932)
|
|
Income tax
benefit
|
|
|
|
93
|
|
|
|
6,843
|
|
Loss before equity
in affiliates
|
|
|
|
(355)
|
|
|
|
(30,089)
|
|
Income (loss) from
equity in affiliates
|
|
|
|
1,575
|
|
|
|
(336)
|
|
Net income
(loss)
|
|
|
|
1,220
|
|
|
|
(30,425)
|
|
|
|
|
|
|
|
|
|
|
|
Less: net loss
attributable to non-controlling interests
|
|
|
|
(1,682)
|
|
|
|
(5,288)
|
|
Net income (loss)
attributable to E-House shareholders
|
|
|
|
2,902
|
|
|
|
(25,137)
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) per
share:
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
|
0.02
|
|
|
|
(0.18)
|
|
Diluted
|
|
|
|
0.02
|
|
|
|
(0.18)
|
|
Shares used in
computation:
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
|
137,879,853
|
|
|
|
142,219,580
|
|
Diluted
|
|
|
|
147,465,064
|
|
|
|
142,219,580
|
|
|
|
|
|
|
|
|
|
|
|
Note 1: The conversion of Renminbi ("RMB") amounts into USD
amounts is based on the rate of USD1 = RMB6.1422 on March 31, 2015
and USD1 = RMB6.1364 for the three months ended March 31,
2015
|
E-HOUSE (CHINA)
HOLDINGS LIMITED UNAUDITED CONSOLIDATED STATEMENT OF
COMPREHENSIVE INCOME (In thousands of U.S.
dollars)
|
|
|
|
|
|
|
|
Three months
ended
|
|
|
|
March
31,
|
|
|
|
2014
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
Net income
(loss)
|
|
|
|
1,220
|
|
|
|
(30,425)
|
|
Other comprehensive
loss, net of tax of nil
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation adjustment
|
|
|
|
(5,697)
|
|
|
|
(2,791)
|
|
Unrealized holding
gains for investment in preferred shares of a private
entity
|
|
|
|
-
|
|
|
|
1,696
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive
loss
|
|
|
|
(4,477)
|
|
|
|
(31,520)
|
|
|
|
|
|
|
|
|
|
|
|
Less: Comprehensive
loss attributable to non-controlling interest
|
|
|
|
(2,002)
|
|
|
|
(5,524)
|
|
Comprehensive loss
attributable to E-House shareholders
|
|
|
|
(2,475)
|
|
|
|
(25,996)
|
|
E-HOUSE (CHINA)
HOLDINGS LIMITED Unaudited Reconciliation of GAAP and
Non-GAAP Results (In thousands of U.S. dollars, except
share data and per ADS data)
|
|
|
|
|
|
|
Three months
ended
|
|
|
|
March
31,
|
|
|
|
2014
|
|
2015
|
|
|
|
(unaudited)
|
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
GAAP income (loss)
from operations
|
|
|
38
|
|
|
|
(36,608)
|
|
|
Share-based
compensation expense
|
|
|
5,115
|
|
|
|
6,332
|
|
|
Amortization of
intangible assets resulting from business acquisitions
|
|
|
4,923
|
|
|
|
3,350
|
|
|
Non-GAAP income
(loss) from operations
|
|
|
10,076
|
|
|
|
(26,926)
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP net income
(loss)
|
|
|
1,220
|
|
|
|
(30,425)
|
|
|
Share-based
compensation expense (net of tax)
|
|
|
5,115
|
|
|
|
6,332
|
|
|
Amortization of
intangible assets resulting from business acquisitions (net of
tax)
|
|
|
3,919
|
|
|
|
2,512
|
|
|
Non-GAAP net
income (loss)
|
|
|
10,254
|
|
|
|
(21,581)
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP net income
(loss) attributable to E-House Shareholders
|
|
|
2,902
|
|
|
|
(25,137)
|
|
|
Share-based
compensation expense (net of tax and non-controlling
interests)
|
|
|
5,115
|
|
|
|
5,133
|
|
|
Amortization of
intangible assets resulting from business acquisitions (net of tax
and non-controlling interests)
|
|
|
3,847
|
|
|
|
1,779
|
|
|
Non-GAAP net
income (loss) attributable to E-House shareholders
|
|
|
11,864
|
|
|
|
(18,225)
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP net income
(loss) per ADS -- basic
|
|
|
0.02
|
|
|
|
(0.18)
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP net income
(loss) per ADS -- diluted
|
|
|
0.02
|
|
|
|
(0.18)
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net income
(loss) per ADS -- basic
|
|
|
0.09
|
|
|
|
(0.13)
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net income
(loss) per ADS -- diluted
|
|
|
0.08
|
|
|
|
(0.13)
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares used in
calculating basic GAAP / non-GAAP net income (loss) attributable to
shareholders per ADS
|
|
|
137,879,853
|
|
|
|
142,219,580
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares used in
calculating diluted GAAP/ non-GAAP net income (loss) attributable
to shareholders per ADS
|
|
|
147,465,064
|
|
|
|
142,219,580
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
E-HOUSE (CHINA)
HOLDINGS LIMITED SELECTED OPERATING DATA
|
|
|
|
|
|
Three months
ended
|
|
|
March
31,
|
|
|
2014
|
|
2015
|
Primary real estate
agency services
|
|
|
|
|
|
|
|
|
Total Gross Floor Area
("GFA") of new properties sold (thousands of square
meters)
|
|
|
4,472
|
|
|
|
4,419
|
|
Total value of new
properties sold (millions of RMB)
|
|
|
41,874
|
|
|
|
37,848
|
|
Total value of new
properties sold (millions of $)
|
|
|
6,843
|
|
|
|
6,168
|
|
|
|
|
|
|
|
|
|
|
E-commerce
services
|
|
|
|
|
|
|
|
|
Number of discount
coupons issued to prospective purchasers (number of
transactions)
|
|
|
48,440
|
|
|
|
40,765
|
|
Number of discount
coupons redeemed (number of transactions)
|
|
|
33,872
|
|
|
|
32,111
|
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/e-house-reports-first-quarter-2015-results-300085488.html
SOURCE E-House (China) Holdings
Limited