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Sky-mobi Limited Announces Unaudited Financial Results For The Fourth Quarter And Full Fiscal Year 2013

The Company's employee headcount decreased 16.3% to 489 as of March 31, 2013 from 584 as of March 31, 2012 as described in the table below. The decrease in headcount was a result of the Company's reorganization, which rebalanced the Company's overall headcount to focus on smartphone application development and reducing resources allocated to the feature phone group.

The sharp decrease in research and development expenses was primarily due to RMB6 million reversal of accrued annual bonus in this quarter as a result of the performance review and office cost control measures in addition to the decrease in headcount.
  As of March 31, As of December 31, As of March 31,
  2012 2012 2013
Operations 115 97 78
Research and development 293 248 218
Sales and marketing 80 85 111
General and administrative 96 91 82
Total Headcount 584 521 489

Net profit and EPS

Net profit in fourth quarter 2013 increased 151.7% to RMB30.2 million (US$4.9 million) from RMB12.0 million in fourth quarter 2012.

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