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,|
|Research and development||293||248||218|
|Sales and marketing||80||85||111|
|General and administrative||96||91||82|
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.