Monday, May 25, 2009

Baidu first quarter profits up 40%

By Zou himfr

Baidu (NASDAQ: BIDU) advertised on March 31 as of the unaudited fiscal report. Quote, Profile, Baidu first quarter of 2009 running wages was 810.7 million yuan, up 41.1 percent; running yield of about 198.5 million yuan, up 34.7%; returns per share 5.25 yuan.

At the matching time, Baidu in addition is looked frontwards to to ring the second quarter expansion will arrive at more than 32% -36%.

All the foremost Internet businesses in general in the fourth quarter of 2008 than a ring down. Data display that 14 successive quarter of year-on-year increasing two-fold of Baidu, the first quarter of year-on-year development rate was considerably smaller than the past.

The first quarter, Baidu's income from online trading to 810.2 million yuan, an boost of 41.5%. The first quarter, Baidu has more than 185,000 customers for the provision of services in 2008 than the 14.9 per hundred boost over the identical time span, mean earnings of 4400 yuan, contrasted with 22.2 per hundred growth.

However, since the third quarter of 2008 Baidu to pay customers in a clear "problem" of tendering peak customers, as well as cyclic components, and macro-economic slowdown, producing in the first quarter of their mean expenditure string of connections quarter dropped by 6%, respectively, and 4%. JI Wei Dong a investigator at Morgan Stanley sharp out that Baidu quarter functioning margin in the first quarter decline of 10 percentage points to 26%, moving its smallest grade in two years, due in part to study and development charges and traffic acquisition costs.

Baidu explore for new yield expansion point. People in the development are two of the most agreeing one is the primary wares to redevelopment the system's "phoenix nest" and the other is supported on the wireless web explore service.

Phoenix nest last week on-line checking, the merchandise was that Baidu will become the short-term income development and new impetus to the commerce gaze ahead to.

During the Boao Forum, Li verified that Baidu and China Telecom, China Unicom (6.61, -0.01, -0.15%) to talk about collaboration between the report and said Baidu and China Mobile is negotiating collaboration in the area of wireless seek, and he explorations the market for wireless hopeful about the prospects.

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