financial business to make money more than three quarterly continued deficit of more than 20 million
Oriental Fortune (300059.SZ) and the high hopes of the fund’s third party sales service and failed to save the company’s first quarter loss of the fate of the three.
the evening of October 24th, the company disclosed three quarterly performance report shows that during the reporting period, the third quarter the company achieved operating income of 64 million 530 thousand yuan, an increase of 50.03%, but no increase in interest income, net profit is still a loss of 6 million 228 thousand and 200 yuan, down 270.44% over the same period last year.
as of the first three quarters of this year, the company achieved operating income of 141 million 691 thousand and 200 yuan, down 17.25%; net profit attributable to shareholders of listed companies -2295.40 million, compared to the same period last year compared to a profit of 46 million 254 thousand and 600 yuan, a substantial reduction of 149.63%.
in this regard, the company said, the main reason for the loss performance of the company is, by last year’s financial data services business unearned revenue falling sharply, confirmed that the first three quarters of 2013, deferred revenue dropped significantly, resulting in the first three quarters of 2013 financial data services business revenue up sharply decreased. Meanwhile, by the macroeconomic situation and the impact of the company’s business to promote the overall arrangement, the first three quarters of 2013, the company’s Internet advertising service revenue year on year there has been a certain decline.
for the first quarter of this year, three consecutive losses of wealth in the East, the brokerage industry researcher is not surprised. At present, the company is pursuing a price war strategy. In this context, it is difficult to maintain long-term profitability and relative competitive advantage." The researchers said, and, as the current stock market is still relatively sluggish, downstream customer profitability has declined, increasing competition in the industry, the company’s performance is expected in the near future there will be no significant change."
and the company insiders also recognized that in the price driven market environment, the price problem is unavoidable, the company will only lower.
third party sales leader
is worth mentioning, the company said in the disclosure of the three quarter, the first three quarters of 2013, the third party fund sales services to achieve the rapid development of e-commerce platform, corporate finance fund sales volume increased significantly, financial e-commerce services revenue increased significantly over last year, one of the main business has become the company’s core the.
however, as of now, the company is not the third party fund sales and service become the core business truly, its profitability has not been truly reflected.
in the first three quarters of 2013, the company’s financial e-commerce services to achieve revenue of $31 million 606 thousand and 300, accounting for the proportion of total operating income of 22.31%. Among them, the third quarter of 2013 financial e-commerce services to achieve revenue of $21 million 335 thousand and 400, accounting for the proportion of total revenue in the quarter reached 33.06%. As of 2>