ChinaCache Reports Adjusted Fourth Quarter and Full Year 2016 Results
14 Novembre 2017 - 10:30PM
ChinaCache International Holdings Ltd. ("ChinaCache" or the
"Company") (Nasdaq:CCIH), a leading total solutions provider
of Internet content and application delivery services
in China, today reported adjusted audited financial results
for the fourth quarter and full year 2016, which included a
non-cash impairment charge of RMB399.1 million, resulting in an
retroactive increase to operating expenses for both the fourth
quarter and full year 2016.
Due to the downturn in the Company’s operating results,
ChinaCache has impaired the net value of all its property and
equipment and intangible assets as of December 31, 2016 based on
the excess of the carrying amount of the asset group over its fair
value. The Company determined the fair value of the asset group
using the income approach based on the discounted expected cash
flows associated with the asset group. The discounted cash flow for
the asset group was based on three-year projections, which is
consistent with the remained useful lives of the principal assets.
Cash flow projections were based on past experience, actual results
of operations and management best estimates about future
developments, as well as certain market assumptions.
ChinaCache currently expects to generate
total net revenues in the range of RMB0.84
billion to RMB0.87 billion for the full year of
2017, representing year-over-year decrease of approximately 20% to
17%.
This forecast
reflects ChinaCache's current view, which is subject to
change.
The following presents the Company's unaudited financial results
for the fourth quarter 2016 and full year 2016 after giving effect
to the aforementioned adjustment(s).
|
Condensed Consolidated Balance
Sheets |
(amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
As of Dec 31 |
|
As of Dec 31 |
|
As of Dec 31 |
|
|
|
|
2015 |
|
2016 |
|
2016 |
|
|
|
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
(Audited) |
|
(Unaudited) |
|
(Unaudited) |
ASSETS |
|
|
|
|
|
|
Current
assets |
|
|
|
|
|
|
|
Cash and
cash equivalents |
|
606,796 |
|
134,924 |
|
|
19,433 |
|
|
Accounts
receivable, net |
|
243,431 |
|
190,587 |
|
|
27,450 |
|
|
Prepaid
expenses and other current assets |
|
31,560 |
|
56,976 |
|
|
8,206 |
|
|
Short term
investments |
|
26,169 |
|
- |
|
|
- |
|
|
Deferred
tax assets |
|
17,923 |
|
- |
|
|
- |
|
|
Amount due
from a subsidiary held for sale |
|
435 |
|
53,169 |
|
|
7,658 |
|
|
Assets held
for sale |
|
1,060,543 |
|
1,270,483 |
|
|
182,988 |
|
|
|
Total current
assets |
|
1,986,857 |
|
1,706,139 |
|
|
245,735 |
|
|
|
|
|
|
|
|
|
|
Non-current
assets |
|
|
|
|
|
|
|
Property
and equipment, net |
|
499,946 |
|
- |
|
|
- |
|
|
Intangible
assets, net |
|
10,898 |
|
- |
|
|
- |
|
|
Long term
investments |
|
50,157 |
|
34,159 |
|
|
4,920 |
|
|
Deferred
tax assets |
|
11,368 |
|
- |
|
|
- |
|
|
Long term
deposits and other non-current assets |
|
59,390 |
|
36,525 |
|
|
5,261 |
|
|
|
Total non-current
assets |
|
631,759 |
|
70,684 |
|
|
10,181 |
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
2,618,616 |
|
1,776,823 |
|
|
255,916 |
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
Current
Liabilities |
|
|
|
|
|
|
|
Short-term
loan |
|
- |
|
29,311 |
|
|
4,222 |
|
|
Accounts
payable |
|
205,593 |
|
301,569 |
|
|
43,435 |
|
|
Accrued
employee benefits |
|
44,690 |
|
46,233 |
|
|
6,659 |
|
|
Accrued
expenses and other payables |
|
76,409 |
|
52,697 |
|
|
7,590 |
|
|
Income tax
payable |
|
13,513 |
|
13,924 |
|
|
2,005 |
|
|
Liabilities
for uncertain tax positions |
|
11,337 |
|
10,020 |
|
|
1,443 |
|
|
Amounts due
to related parties |
|
18 |
|
18 |
|
|
3 |
|
|
Current
portion of long term loan |
|
7,180 |
|
3,840 |
|
|
553 |
|
|
Current
portion of capital lease obligations |
|
70,615 |
|
72,851 |
|
|
10,493 |
|
|
Deferred
government grant |
|
16,360 |
|
13,000 |
|
|
1,872 |
|
|
Amount due
to a subsidiary held for sale |
|
319,536 |
|
18,063 |
|
|
2,602 |
|
|
Liabilities
held for sale |
|
1,014,449 |
|
1,302,658 |
|
|
187,622 |
|
|
|
Total current
liabilities |
|
1,779,700 |
|
1,864,184 |
|
|
268,499 |
|
|
|
|
|
|
|
|
|
|
Non-current
liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term loan |
|
4,340 |
|
- |
|
|
- |
|
|
Non-current portion of capital lease obligations |
|
104,450 |
|
43,951 |
|
|
6,330 |
|
|
Deferred
government grant |
|
8,439 |
|
11,208 |
|
|
1,614 |
|
|
|
Total non-current
liabilities |
|
117,229 |
|
55,159 |
|
|
7,944 |
|
|
|
|
|
|
|
|
|
|
Total
Liabilities |
|
1,896,929 |
|
1,919,343 |
|
|
276,443 |
|
|
|
|
|
|
|
|
|
|
Total
Shareholders' equity |
|
721,687 |
|
(142,520 |
) |
|
(20,527 |
) |
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES AND SHAREHOLDERS'
EQUITY |
|
2,618,616 |
|
1,776,823 |
|
|
255,916 |
|
|
|
|
|
|
|
|
|
|
|
Condensed Consolidated Statements of
Comprehensive Income |
(amounts in thousands, except for number of shares,
per share and per ADS data) |
|
|
|
|
|
|
|
|
|
For the Three Months Ended |
|
For the Twelve Months Ended |
|
|
|
|
|
|
|
|
Dec 31, 2015 |
|
Sep 30, 2016 |
|
Dec 31, 2016 |
|
Dec 31, 2016 |
|
Dec 31, 2015 |
|
Dec 31, 2016 |
|
Dec 31, 2016 |
|
|
|
|
|
|
|
|
RMB |
|
RMB |
|
RMB |
|
US$ |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
(Unaudited) |
|
(Unaudited) |
|
(Unaudited) |
|
(Unaudited) |
|
(Audited) |
|
(Unaudited) |
|
(Unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
revenues |
|
|
311,447 |
|
|
261,643 |
|
|
263,312 |
|
|
37,926 |
|
|
1,353,627 |
|
|
1,054,235 |
|
|
151,842 |
|
Cost of revenues |
|
|
(267,339 |
) |
|
(255,133 |
) |
|
(275,927 |
) |
|
(39,742 |
) |
|
(1,041,412 |
) |
|
(1,077,810 |
) |
|
(155,237 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit (loss) |
|
|
44,108 |
|
|
6,510 |
|
|
(12,615 |
) |
|
(1,816 |
) |
|
312,215 |
|
|
(23,575 |
) |
|
(3,395 |
) |
|
Other
operating income (loss) |
|
|
13,911 |
|
|
3,260 |
|
|
(28,895 |
) |
|
(4,162 |
) |
|
13,911 |
|
|
(19,044 |
) |
|
(2,743 |
) |
|
Sales &
marketing expenses |
|
|
(30,145 |
) |
|
(23,009 |
) |
|
(22,467 |
) |
|
(3,236 |
) |
|
(115,621 |
) |
|
(93,603 |
) |
|
(13,482 |
) |
|
General
& administrative expenses |
|
|
(61,062 |
) |
|
(62,202 |
) |
|
(50,264 |
) |
|
(7,240 |
) |
|
(198,626 |
) |
|
(265,017 |
) |
|
(38,170 |
) |
|
Research
& development expenses |
|
|
(25,530 |
) |
|
(24,037 |
) |
|
(25,102 |
) |
|
(3,615 |
) |
|
(103,110 |
) |
|
(104,018 |
) |
|
(14,982 |
) |
|
Transaction
tax on assets transfer |
|
|
(5,394 |
) |
|
- |
|
|
- |
|
|
- |
|
|
(27,733 |
) |
|
- |
|
|
- |
|
|
Impairment
of long lived assets |
|
|
- |
|
|
- |
|
|
(399,094 |
) |
|
(57,482 |
) |
|
- |
|
|
(399,094 |
) |
|
(57,482 |
) |
|
Impairment
of long term investments |
|
|
- |
|
|
- |
|
|
(18,240 |
) |
|
(2,627 |
) |
|
- |
|
|
(18,240 |
) |
|
(2,627 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating loss |
|
|
(64,112 |
) |
|
(99,478 |
) |
|
(556,677 |
) |
|
(80,178 |
) |
|
(118,964 |
) |
|
(922,591 |
) |
|
(132,881 |
) |
|
Interest
income |
|
|
1,940 |
|
|
1,627 |
|
|
261 |
|
|
38 |
|
|
4,618 |
|
|
4,669 |
|
|
672 |
|
|
Interest
expense |
|
|
(2,473 |
) |
|
(2,932 |
) |
|
(2,091 |
) |
|
(301 |
) |
|
(13,158 |
) |
|
(11,647 |
) |
|
(1,678 |
) |
|
Other
income (expense) |
|
|
141 |
|
|
5,171 |
|
|
(263 |
) |
|
(38 |
) |
|
2,991 |
|
|
5,336 |
|
|
769 |
|
|
Foreign
exchange gain, net |
|
|
4,845 |
|
|
915 |
|
|
8,015 |
|
|
1,154 |
|
|
13,164 |
|
|
14,209 |
|
|
2,047 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss before income taxes |
|
|
(59,659 |
) |
|
(94,697 |
) |
|
(550,755 |
) |
|
(79,325 |
) |
|
(111,349 |
) |
|
(910,024 |
) |
|
(131,071 |
) |
|
Income tax
benefit (expense) |
|
|
22,861 |
|
|
384 |
|
|
(21,805 |
) |
|
(3,141 |
) |
|
22,614 |
|
|
(4,229 |
) |
|
(609 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss |
|
|
|
|
|
|
(36,798 |
) |
|
(94,313 |
) |
|
(572,560 |
) |
|
(82,466 |
) |
|
(88,735 |
) |
|
(914,253 |
) |
|
(131,680 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
attributable to the noncontrolling interest |
(44 |
) |
|
(152 |
) |
|
(463 |
) |
|
(67 |
) |
|
(44 |
) |
|
(776 |
) |
|
(112 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss attributable to the Company's shareholders |
(36,754 |
) |
|
(94,161 |
) |
|
(572,097 |
) |
|
(82,399 |
) |
|
(88,691 |
) |
|
(913,477 |
) |
|
(131,568 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign
currency translation |
|
|
249 |
|
|
(196 |
) |
|
(286 |
) |
|
(41 |
) |
|
264 |
|
|
(293 |
) |
|
(42 |
) |
Unrealized
holding gain on available-for-sale investments |
1,106 |
|
|
36 |
|
|
- |
|
|
- |
|
|
1,853 |
|
|
659 |
|
|
95 |
|
Reclassification adjustments for gains included in net income |
- |
|
|
(3,741 |
) |
|
- |
|
|
- |
|
|
- |
|
|
(3,552 |
) |
|
(512 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other comprehensive income (loss), net of
tax |
1,355 |
|
|
(3,901 |
) |
|
(286 |
) |
|
(41 |
) |
|
2,117 |
|
|
(3,186 |
) |
|
(459 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive loss |
|
|
(35,443 |
) |
|
(98,214 |
) |
|
(572,846 |
) |
|
(82,507 |
) |
|
(86,618 |
) |
|
(917,439 |
) |
|
(132,139 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive loss attributable to the noncontrolling interest |
(44 |
) |
|
(152 |
) |
|
(463 |
) |
|
(67 |
) |
|
(44 |
) |
|
(776 |
) |
|
(112 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive loss attributable to the Company's
shareholders |
(35,399 |
) |
|
(98,062 |
) |
|
(572,383 |
) |
|
(82,440 |
) |
|
(86,574 |
) |
|
(916,663 |
) |
|
(132,027 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss per ordinary share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
|
|
(0.09 |
) |
|
(0.23 |
) |
|
(1.36 |
) |
|
(0.20 |
) |
|
(0.22 |
) |
|
(2.24 |
) |
|
(0.32 |
) |
|
Diluted |
|
|
|
(0.09 |
) |
|
(0.23 |
) |
|
(1.36 |
) |
|
(0.20 |
) |
|
(0.22 |
) |
|
(2.24 |
) |
|
(0.32 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss per ADS*: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
|
|
(1.45 |
) |
|
(3.68 |
) |
|
(21.76 |
) |
|
(3.20 |
) |
|
(3.49 |
) |
|
(35.84 |
) |
|
(5.12 |
) |
|
Diluted |
|
|
|
(1.45 |
) |
|
(3.68 |
) |
|
(21.76 |
) |
|
(3.20 |
) |
|
(3.49 |
) |
|
(35.84 |
) |
|
(5.12 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of ordinary shares used in earnings
per share computation: |
|
|
|
|
|
|
|
|
|
Basic |
|
|
|
|
404,344,939 |
|
|
412,253,323 |
|
|
421,522,374 |
|
|
421,522,374 |
|
|
407,149,509 |
|
|
408,189,722 |
|
|
408,189,722 |
|
|
Diluted |
|
|
|
404,344,939 |
|
|
412,253,323 |
|
|
421,522,374 |
|
|
421,522,374 |
|
|
407,149,509 |
|
|
408,189,722 |
|
|
408,189,722 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
Note1: 1
ADS = 16 shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplementary Metrics - Reconciliations of
Non-GAAP to GAAP Financial Measures |
(amounts in thousands, except for percentages, number
of shares, per share and per ADS data) |
(Unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended |
|
For the Twelve Months Ended |
|
|
|
|
|
Dec 31, 2015 |
|
Sep 30, 2016 |
|
Dec 31, 2016 |
|
Dec 31, 2016 |
|
Dec 31, 2015 |
|
Dec 31, 2016 |
|
Dec 31, 2016 |
|
|
|
|
|
RMB |
|
RMB |
|
RMB |
|
US$ |
|
RMB |
|
RMB |
|
US$ |
Adjusted EBITDA —
defined as EBITDA before share-based compensation expense, foreign
exchange gain, transaction tax on assets transfer, impairment of
long lived assets and impairment of long term investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss |
|
|
(36,798 |
) |
|
(94,313 |
) |
|
|
|
(572,560 |
) |
|
(82,466 |
) |
|
(88,735 |
) |
|
(914,253 |
) |
|
(131,680 |
) |
Depreciation |
|
|
40,872 |
|
|
38,653 |
|
|
|
|
38,090 |
|
|
5,486 |
|
|
153,313 |
|
|
155,225 |
|
|
22,357 |
|
Amortization |
|
|
1,151 |
|
|
1,102 |
|
|
|
|
1,253 |
|
|
180 |
|
|
4,298 |
|
|
3,869 |
|
|
557 |
|
Interest
expense |
|
2,473 |
|
|
2,932 |
|
|
|
|
2,091 |
|
|
301 |
|
|
13,158 |
|
|
11,647 |
|
|
1,678 |
|
Interest
income |
|
(1,940 |
) |
|
(1,627 |
) |
|
|
|
(261 |
) |
|
(38 |
) |
|
(4,618 |
) |
|
(4,669 |
) |
|
(672 |
) |
Income tax
(benefit) expense |
|
(22,861 |
) |
|
(384 |
) |
|
|
|
21,805 |
|
|
3,141 |
|
|
(22,614 |
) |
|
4,229 |
|
|
609 |
|
Share-based
compensation |
|
18,259 |
|
|
8,601 |
|
|
|
|
2,685 |
|
|
387 |
|
|
48,606 |
|
|
85,025 |
|
|
12,246 |
|
Foreign
exchange gain |
|
(4,845 |
) |
|
(915 |
) |
|
|
|
(8,015 |
) |
|
(1,154 |
) |
|
(13,164 |
) |
|
(14,209 |
) |
|
(2,047 |
) |
Penalties
on uncertain tax positions |
|
2,206 |
|
|
- |
|
|
|
|
658 |
|
|
95 |
|
|
2,206 |
|
|
658 |
|
|
95 |
|
Transaction
tax on assets transfer |
|
5,394 |
|
|
- |
|
|
|
|
- |
|
|
- |
|
|
27,733 |
|
|
- |
|
|
- |
|
Impairment
of long lived assets |
|
- |
|
|
- |
|
|
|
|
399,094 |
|
|
57,482 |
|
|
- |
|
|
399,094 |
|
|
57,482 |
|
Impairment
of long term investments |
|
- |
|
|
- |
|
|
|
|
18,240 |
|
|
2,627 |
|
|
- |
|
|
18,240 |
|
|
2,627 |
|
Adjusted EBITDA |
|
3,911 |
|
|
(45,951 |
) |
|
|
|
(96,920 |
) |
|
(13,959 |
) |
|
120,183 |
|
|
(255,144 |
) |
|
(36,748 |
) |
Margin% |
|
1.3 |
% |
|
(17.6 |
%) |
|
|
|
(36.8 |
%) |
|
(36.8 |
%) |
|
8.9 |
% |
|
(24.2 |
%) |
|
(24.2 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted
net loss — defined as net loss before share-based compensation,
foreign exchange gain (loss), penalties on uncertain tax positions,
transaction tax on assets transfer, impairment of long lived assets
and impairment of long term investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss |
|
|
(36,798 |
) |
|
(94,313 |
) |
|
|
|
(572,560 |
) |
|
(82,466 |
) |
|
(88,735 |
) |
|
(914,253 |
) |
|
(131,680 |
) |
Share-based
compensation |
|
18,259 |
|
|
8,601 |
|
|
|
|
2,685 |
|
|
387 |
|
|
48,606 |
|
|
85,025 |
|
|
12,246 |
|
Foreign
exchange gain |
|
(4,845 |
) |
|
(915 |
) |
|
|
|
(8,015 |
) |
|
(1,154 |
) |
|
(13,164 |
) |
|
(14,209 |
) |
|
(2,047 |
) |
Penalties
on uncertain tax positions |
|
2,206 |
|
|
- |
|
|
|
|
658 |
|
|
95 |
|
|
2,206 |
|
|
658 |
|
|
95 |
|
Transaction
tax on assets transfer |
|
5,394 |
|
|
- |
|
|
|
|
- |
|
|
- |
|
|
27,733 |
|
|
- |
|
|
- |
|
Impairment
of long lived assets |
|
- |
|
|
- |
|
|
|
|
399,094 |
|
|
57,482 |
|
|
- |
|
|
399,094 |
|
|
57,482 |
|
Impairment
of long term investments |
|
- |
|
|
- |
|
|
|
|
18,240 |
|
|
2,627 |
|
|
- |
|
|
18,240 |
|
|
2,627 |
|
Adjusted net loss |
|
(15,784 |
) |
|
(86,627 |
) |
|
|
|
(159,898 |
) |
|
(23,029 |
) |
|
(23,354 |
) |
|
(425,445 |
) |
|
(61,277 |
) |
Margin% |
|
(5.1 |
%) |
|
(33.1 |
%) |
|
|
|
(60.7 |
%) |
|
(60.7 |
%) |
|
(1.7 |
%) |
|
(40.4 |
%) |
|
(40.4 |
%) |
Loss per ordinary share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
(0.04 |
) |
|
(0.21 |
) |
|
|
|
(0.38 |
) |
|
(0.05 |
) |
|
(0.13 |
) |
|
(1.04 |
) |
|
(0.15 |
) |
Diluted |
|
|
(0.04 |
) |
|
(0.21 |
) |
|
|
|
(0.38 |
) |
|
(0.05 |
) |
|
(0.13 |
) |
|
(1.04 |
) |
|
(0.15 |
) |
Loss per ADS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
(0.64 |
) |
|
(3.36 |
) |
|
|
|
(6.08 |
) |
|
(0.80 |
) |
|
(2.01 |
) |
|
(16.64 |
) |
|
(2.40 |
) |
Diluted |
|
|
(0.64 |
) |
|
(3.36 |
) |
|
|
|
(6.08 |
) |
|
(0.80 |
) |
|
(2.01 |
) |
|
(16.64 |
) |
|
(2.40 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP
gross profit (loss) — defined as gross profit (loss) before
share-based compensation expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit (loss) |
|
44,108 |
|
|
6,510 |
|
|
(12,615 |
) |
|
(1,816 |
) |
|
312,215 |
|
|
(23,575 |
) |
|
(3,395 |
) |
Plus:
Share-based compensation |
|
945 |
|
|
378 |
|
|
623 |
|
|
90 |
|
|
3,670 |
|
|
5,961 |
|
|
859 |
|
Non-GAAP gross profit (loss) |
|
45,053 |
|
|
6,888 |
|
|
(11,992 |
) |
|
(1,726 |
) |
|
315,885 |
|
|
(17,614 |
) |
|
(2,536 |
) |
Margin% |
|
14.5 |
% |
|
2.6 |
% |
|
(4.6 |
%) |
|
(4.6 |
%) |
|
23.3 |
% |
|
(1.7 |
%) |
|
(1.7 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP
operating expense — defined as operating expense before
share-based compensation expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales & marketing expenses |
|
30,145 |
|
|
23,009 |
|
|
22,467 |
|
|
3,236 |
|
|
115,621 |
|
|
93,603 |
|
|
13,482 |
|
Minus:
Share-based compensation |
|
(693 |
) |
|
131 |
|
|
(7 |
) |
|
(1 |
) |
|
(2,882 |
) |
|
(2,753 |
) |
|
(397 |
) |
Non-GAAP sales & marketing expenses |
|
29,452 |
|
|
23,140 |
|
|
22,460 |
|
|
3,235 |
|
|
112,739 |
|
|
90,850 |
|
|
13,085 |
|
% of net revenues |
|
9.5 |
% |
|
8.8 |
% |
|
8.5 |
% |
|
8.5 |
% |
|
8.3 |
% |
|
8.6 |
% |
|
8.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
General & administrative expenses |
|
61,062 |
|
|
62,202 |
|
|
50,264 |
|
|
7,240 |
|
|
198,626 |
|
|
265,017 |
|
|
38,170 |
|
Minus:
Share-based compensation |
|
(15,876 |
) |
|
(8,092 |
) |
|
(1,854 |
) |
|
(267 |
) |
|
(38,796 |
) |
|
(72,483 |
) |
|
(10,440 |
) |
Non-GAAP general & administrative
expenses |
|
45,186 |
|
|
54,110 |
|
|
48,410 |
|
|
6,973 |
|
|
159,830 |
|
|
192,534 |
|
|
27,730 |
|
% of net revenues |
|
14.5 |
% |
|
20.7 |
% |
|
18.4 |
% |
|
18.4 |
% |
|
11.8 |
% |
|
18.3 |
% |
|
18.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & development expenses |
|
25,530 |
|
|
24,037 |
|
|
25,102 |
|
|
3,615 |
|
|
103,110 |
|
|
104,018 |
|
|
14,982 |
|
Minus:
Share-based compensation |
|
(745 |
) |
|
(262 |
) |
|
(201 |
) |
|
(29 |
) |
|
(3,258 |
) |
|
(3,828 |
) |
|
(550 |
) |
Non-GAAP research & development expenses |
|
24,785 |
|
|
23,775 |
|
|
24,901 |
|
|
3,586 |
|
|
99,852 |
|
|
100,190 |
|
|
14,432 |
|
% of net revenues |
|
8.0 |
% |
|
9.1 |
% |
|
9.5 |
% |
|
9.5 |
% |
|
7.4 |
% |
|
9.5 |
% |
|
9.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP
operating loss — defined as GAAP operating loss before share-based
compensation expense, transaction tax on assets transfer,
impairment of long lived assets and impairment of long term
investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating loss |
|
(64,112 |
) |
|
(99,478 |
) |
|
(556,677 |
) |
|
(80,178 |
) |
|
(118,964 |
) |
|
(922,591 |
) |
|
(132,881 |
) |
Share-based
compensation |
|
18,259 |
|
|
8,601 |
|
|
2,685 |
|
|
387 |
|
|
48,606 |
|
|
85,025 |
|
|
12,246 |
|
Transaction
tax on assets transfer |
|
5,394 |
|
|
- |
|
|
- |
|
|
- |
|
|
27,733 |
|
|
- |
|
|
- |
|
Impairment
of long lived assets |
|
- |
|
|
- |
|
|
399,094 |
|
|
57,482 |
|
|
- |
|
|
399,094 |
|
|
57,482 |
|
Impairment
of long term investments |
|
- |
|
|
- |
|
|
18,240 |
|
|
2,627 |
|
|
- |
|
|
18,240 |
|
|
2,627 |
|
Non-GAAP operating loss |
|
(40,459 |
) |
|
(90,877 |
) |
|
(136,658 |
) |
|
(19,682 |
) |
|
(42,625 |
) |
|
(420,232 |
) |
|
(60,526 |
) |
Margin% |
|
(13.0 |
%) |
|
(34.7 |
%) |
|
(51.9 |
%) |
|
(51.9 |
%) |
|
(3.1 |
%) |
|
(39.9 |
%) |
|
(39.9 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
About ChinaCache International Holdings
Ltd.
ChinaCache International Holdings Ltd. (Nasdaq:CCIH) is a
leading total solutions provider of Internet content and
application delivery services in China. As a carrier-neutral
service provider, ChinaCache's network in China is interconnected
with networks operated by all telecom carriers, major non-carriers
and local Internet service providers. With more than a decade of
experience in developing solutions tailored to China's complex
Internet infrastructure, ChinaCache is a partner of choice for
businesses, government agencies and other enterprises to enhance
the reliability and scalability of online services and applications
and improve end-user experience. For more information on
ChinaCache, please visit ir.chinacache.com.
Safe Harbor StatementThis announcement contains
forward-looking statements. These statements are made under
the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates" and similar statements. Among other things, the
revenue guidance and quotations from management in this
announcement, as well as ChinaCache's strategic and operational
plans, contain forward-looking statements. ChinaCache may also make
written or oral forward-looking statements in its reports filed or
furnished to the U.S. Securities and Exchange Commission, in its
annual reports to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statements, including but not limited to the
following: the Company's goals and strategies, expansion plans, the
expected growth of the content and application delivery services
market, the Company's expectations regarding keeping and
strengthening its relationships with its customers, and the general
economic and business conditions in the regions where the Company
provides its solutions and services. Further information regarding
these and other risks is included in the Company's filings with the
U.S. Securities and Exchange Commission. All information provided
in this press release is as of the date of this press release, and
ChinaCache undertakes no duty to update such information, except as
required under applicable law.
For investor and media inquiries please
contact:
Investor Relations DepartmentChinaCache International
HoldingsTel: +86 10 6408 5306Email: ir@chinacache.com
Mr. Ross WarnerThe Piacente Group | Investor RelationsTel: +86
10 5730-6200Email: chinacache@tpg-ir.com
Ms. Brandi PiacenteThe Piacente Group | Investor
Relations Tel: +1 212-481-2050Email: chinacache@tpg-ir.com
ChinaCache (NASDAQ:CCIH)
Graphique Historique de l'Action
De Août 2024 à Sept 2024
ChinaCache (NASDAQ:CCIH)
Graphique Historique de l'Action
De Sept 2023 à Sept 2024