In May 2012, the Company's Board authorized a share repurchase program to repurchase up to US$10 million of the Company's ADSs from May 2012 to May 2013 through open market transactions or in block trades.
As of April 5, 2013, the Company had repurchased a total of 319,827 ADSs for approximately US$1.5 million at an average price of US$4.65 per ADS under this buyback program on the open market. The Company currently has approximately 22.8 million ADSs outstanding.
Full Year 2012 Financial Results
For the full year ended December 31, 2012, net revenues were RMB813.7 million (US$130.6 million), representing a 31.6% increase from the previous year. Gross profit in 2012 was RMB254.3 million (US$40.8 million), up 36.9% from 2011. Adjusted EBITDA (non-GAAP) in 2012 was RMB69.1 million (US$11.1 million), a 34.9% decrease from the previous year. Net loss in 2012 was RMB17.0 million (US$2.7 million), compared to net income of RMB20.5 million in 2011. Adjusted net income (non-GAAP) was RMB3.4 million (US$0.5 million) in 2012, compared to RMB28.1 million in 2011.
Outlook for the Company's First Quarter of 2013
ChinaCache currently expects to generate total net revenues ranging from RMB225 million (US$36.1 million) to RMB230 million (US$36.9 million) for the first quarter of 2013, representing up to approximately 2.2% increase from the fourth quarter of 2012, and approximately a 23.6% to 26.4% increase year-over-year. This forecast reflects ChinaCache's current and preliminary view, which is subject to change.
Conference Call Information
The Company has scheduled a corresponding conference call and live webcast to discuss the results at 8:00 PM Eastern Daylight Time on April 9, 2013, which corresponds to 8:00 AM Beijing time on April 10, 2013.
The dial-in details for the live conference call are as follows:
- U.S. dial-in number: +1 (646) 254-3515
- Hong Kong dial-in number: +852 3051-2745
- International dial-in number: +65 6723-9385
- China dial-in number: 400-1200-654
- Conference ID: 2991-7614
A live and archived webcast of the conference call will be available on the Investor Relations section of ChinaCache's website at
A replay of the conference call will also be available approximately two hours after the conclusion of the live call until April 16, 2013 by dialing:
About ChinaCache International Holdings Ltd.
- U.S. dial-in number: +1 (855) 452-5696
- International dial-in number: +61 (2) 8199-0299
- China dial-in number: 400-1200-932
- Conference ID: 2991-7614
ChinaCache International Holdings Ltd. (Nasdaq:CCIH) is the 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
*Use of Non-GAAP Financial Measures
In evaluating its business, ChinaCache considers and uses the following non-GAAP measures defined as non-GAAP financial measures by the SEC as supplemental measures to review and assess its operating performance: non-GAAP gross profit, non-GAAP sales and marketing expenses, non-GAAP general and administrative expenses, non-GAAP research and development expenses, non-GAAP operating profit, adjusted net income (non-GAAP), EBITDA and adjusted EBITDA (non-GAAP). The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of Non-GAAP to GAAP Financial Measures" set forth at the end of this press release.