[Advanced Defense VPS of the United States] Lan Xun's Q1 net profit in 2015 was 10.4 million yuan, an increase of 289.2% over the same period
Core tip: LanXun Communication released its unaudited financial report for the first quarter of fiscal year 2015 as of March 31, 2015 today.
China IDC circle reported on May 21 that Lanxun Communication released its unaudited financial report for the first quarter of fiscal year 2015 as of March 31, 2015 today. The financial report shows that the net revenue of Lanxun in the first quarter reached 363.7 million yuan, up 12.3% year on year; The adjusted net profit was 10.4 million yuan, an increase of 289.2% over the same period last year.
Performance analysis:
Revenue:
Net revenue was 363.7 million yuan, an increase of 7.3% over the previous quarter and 12.3% over the same period in 2014.
Expenditure:
Sales and marketing expenditure was 31.8 million yuan, accounting for 8.8% of net revenue, up 9.1% from the previous quarter and 2.6% from the same period in 2014. The increase in sales and marketing expenses over the previous quarter was mainly due to the increase in equity incentive expenses and other employee related expenses in the first quarter. The decrease over the same period last year was mainly due to the reduction of costs in the first quarter.
Management and administrative expenditure was 49.7 million yuan, accounting for 13.7% of the net revenue. It was 32.6% lower than the previous quarter and 33.7% higher than the same period in 2014. The increase over the same period was mainly due to the increase in equity incentive expenses and other employee related expenses.
R&D expenditure was 27 million yuan, accounting for 7.4% of net revenue, down 4.1% from the previous quarter and 4.4% from the same period in 2014. The decrease in R&D expenditure was mainly due to the investment of the company in improving infrastructure capacity in 2014.
As of March 31, 2015, the total amount of cash and cash equivalents held by Lan Xun was 681 million yuan, compared with 375.9 million yuan as of December 31, 2014, and the capital expenditure in the first quarter was 5610 yuan.
Profit:
Gross profit was 107.4 million yuan, up 9.3 percent over the same period last year
The adjusted net profit was 10.4 million yuan, and the adjusted net loss of the previous quarter was 16.8 million yuan, an increase of 162.1% over the previous quarter.
Performance Outlook:
Lan Xun estimated that the total net revenue in the second quarter of fiscal year 2015 was 392 million yuan to 403 million yuan, an increase of 7.8% to 10.8% compared with the first quarter of 2015.
