Research and development expenses as a percentage of net revenue increased to 34.0% in the fourth quarter of 2012, from 15.8% in the fourth quarter of 2011 and 21.3% in the third quarter of 2012 as the Company continued directing resources towards the development of its new generation of smartphone games and mobile Game Center platform for Android-based smartphones.Share-based compensation expenses totaled RMB4.0 million (US$0.6 million) during the fourth quarter of 2012, compared with a gain of RMB0.1 million in the fourth quarter of 2011 and expenses of RMB5.1 million in the third quarter of 2012.
CMGE Reports Fourth Quarter And Full Year 2012 Unaudited Financial Results
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