Beidu nets over CNY3 billion for 4Q14, says report
Jian Shang-jie, Taipei; Adam Hwang, DIGITIMES [Friday 13 February 2015]
Baidu, China's largest search engine, posted revenues of CNY14.05 billion (US$2.25 billion) and net profit of CNY3.229 billion for the fourth quarter of 2014, growing on year by 47.5% and 16% respectively, according to China-based tech.qq.com.
Of the fourth-quarter revenues, 42% came from mobile search services, Baidu said.
Baidu made an R&D investment of CNY2.136 billion in the fourth quarter bringing its full year total to CNY6.981 billion, hiking on year by 69% and 70%, respectively. Baidu's capital expenditure in 2014 stood at CNY4.827 billion.
Baidu expects revenues for the first quarter of 2015 to range between CNY12.645 billion and CNY13.065 billion.
Baidu: Financial report, 4Q14 (CNYb)
|
Item
|
Amount
|
Y/Y
|
2014 amount
|
Y/Y
|
Revenues
|
14.05
|
47.5%
|
49.052
|
53.6%
|
Net operating profit
|
2.952
|
7.8%
|
12.804
|
14.4%
|
Net profit
|
3.229
|
16.0%
|
13.187
|
25.4%
|
Source: tech.qq.com, compiled by Digitimes, February 2015
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