Exceed Company Ltd. (EDSFF)

Exceed Company Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2013	FY 2012	FY 2011	FY 2010	FY 2009
Period Ending	Jun 30, 2014	Dec 31, 2013	Dec 31, 2012	Dec 31, 2011	Dec 31, 2010	Dec 31, 2009
Revenue	1,823	1,630	2,384	3,289	2,699	2,078
Revenue Growth (YoY)	15.45%	-31.63%	-27.52%	21.85%	29.88%	14.16%
Cost of Revenue	1,326	1,189	1,708	2,296	1,857	1,465
Gross Profit	497.15	440.96	675.72	992.26	841.64	613.1
Selling, General & Admin	293.12	297.51	398.71	431.88	397.45	312.63
Research & Development	46.19	46.61	44.23	53.86	40.78	24.95
Other Operating Expenses	13.53	11.8	16.11	20.23	-4.05	-
Operating Expenses	352.84	355.92	459.04	505.97	434.18	337.59
Operating Income	144.31	85.04	216.67	486.29	407.46	275.52
Interest Expense	-0.59	-1.12	-0.64	-0.86	-1.89	-29.57
Interest & Investment Income	12.15	12.15	15.12	11.86	2.36	0.73
Earnings From Equity Investments	-	-	-	-	-0.02	-0.02
EBT Excluding Unusual Items	155.87	96.07	231.16	497.3	407.91	246.66
Merger & Restructuring Charges	-2.72	-2.72	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	0.06	-	-
Other Unusual Items	-	-	-	38.65	1.6	176.08
Pretax Income	153.14	93.34	231.16	536	409.52	422.74
Income Tax Expense	42.67	27.8	32.21	65.92	56.27	3.77
Net Income	110.48	65.54	198.94	470.08	353.24	418.97
Net Income to Common	110.48	65.54	198.94	470.08	353.24	418.97
Net Income Growth	66.16%	-67.05%	-57.68%	33.08%	-15.69%	148.60%
Shares Outstanding (Basic)	33	33	33	30	25	8
Shares Outstanding (Diluted)	33	33	33	34	33	12
Shares Change (YoY)	0.31%	0.26%	-3.72%	3.49%	186.90%	68.05%
EPS (Basic)	3.34	1.98	6.03	15.83	14.00	50.52
EPS (Diluted)	3.34	1.98	6.03	13.72	10.67	38.58
EPS Growth	65.89%	-67.16%	-56.06%	28.59%	-72.34%	39.23%
Free Cash Flow	-137.15	-190.14	-294.87	281.71	515.08	-145.34
Free Cash Flow Per Share	-4.14	-5.75	-8.94	8.22	15.55	-12.59
Gross Margin	27.27%	27.06%	28.35%	30.17%	31.19%	29.50%
Operating Margin	7.92%	5.22%	9.09%	14.79%	15.10%	13.26%
Profit Margin	6.06%	4.02%	8.35%	14.29%	13.09%	20.16%
Free Cash Flow Margin	-7.52%	-11.67%	-12.37%	8.57%	19.09%	-6.99%
EBITDA	161.39	102.5	234.88	504.54	424.41	291.68
EBITDA Margin	8.85%	6.29%	9.86%	15.34%	15.72%	14.04%
D&A For EBITDA	17.08	17.46	18.21	18.25	16.95	16.17
EBIT	144.31	85.04	216.67	486.29	407.46	275.52
EBIT Margin	7.92%	5.22%	9.09%	14.79%	15.10%	13.26%
Effective Tax Rate	27.86%	29.78%	13.94%	12.30%	13.74%	0.89%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.