China Finance Online Co. Limited
Q4 2014 Earnings Call Transcript

Published: 24 Mar 2015

[Operator:]

Ladies and gentlemen thank you for standing by and welcome to the China Finance Online Reports Fourth Quarter 2014 Unaudited Financial Results Conference Call. At this time all participants are in a listen-only mode. There will be a presentation followed by question-and-answer session. [Operator Instructions] I must advice you that this conference is being recorded today Tuesday, 25 March, 2015. We have three presenters joining us today Mr. Jeff Wang, China Finance Online Director and CFO; Mr. David Tan, Vice President of Finance and Strategy; and Ms. Ying Zhu, Director of Investor Relations. I would now like to hand the conference over to your first speaker today Ms. Ying Zhu. Thank you and please go ahead.

[Ying Zhu:]

Thank you for joining us today and welcome to China Finance Online's 2014 fourth quarter financial results conference call and webcast. Before we begin, I'll remind all listeners that throughout this call we may make statements that may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words believe, estimate, plan, expect, anticipate, project, target, optimistic, intend, aim, future, will or similar expressions are intended to identify forward-looking statements. All statements other than historical facts may be deemed forward-looking statements. These forward-looking statements are based on current expectations or beliefs including but not limited to statements concerning China Finance Online’s operation, financial performance and condition. China Finance Online cautions that these statements by their nature involve risks and uncertainties and actual results may differ materially depending on a variety of important factors, including those discussed in China Finance Online’s reports filed with the Securities Exchange Commission from time to time. China Finance Online specifically disclaims any obligation to update the forward-looking information in the future. I will first read prepared remarks on behalf of Mr. Zhiwei Zhao Chairman and CEO of China Finance Online. In 2014, we continued to strengthen our core competence by optimizing our operations and developing new products and services. We launched our new and applauded Investment Masters iTougu application facilitating communication between securities investment advisors and their respective clients and followers in real-time and for 24 hours a day and enabling a vast number of Chinese individual investors to obtain previously private advice from thousands of securities investment advisors. We continued to expand our partnerships with more securities firms on our web-based trading platform, Securities Master Zhengquantong and continued to diversify our product offerings on our wealth management platform, Yinglibao. With the policy of promoting the healthy development of Internet finance and improving financial supervision and coordination mechanism, in 2015 we will continue to remain confident in the long-term prospect of becoming a one-stop financial products and service provider in China, and making investment easier for our clients and users. I will now turn the call over to our Director and CFO, Mr. Jeff Wang for an overview of our financials. Mr. Wang, please go ahead.

[Jeff Wang:]

Thank you, Ying. Let's briefly review our fourth quarter and full year 2014 financial results. All financial numbers presented today are in U.S. dollars and rounded to one decimal point for approximation. Our net revenues for the fourth quarter were $18.8 million, a decrease of 29% from $26.5 million for the corresponding period in 2013. Our net revenues are categorized under

[Ying Zhu:]

Thank you to all for participating in this earnings call and Web cast. We look forward to speaking with you again.

[Operator:]

Thank you. Ladies and gentlemen that does conclude our conference for today. Thank you for participating. You may all disconnect.