v2.3.0.11
Consolidated Statements of Operations
In Thousands, except Share data
12 Months Ended
Dec. 31, 2010
USD ($)
Dec. 31, 2010
CNY
Dec. 31, 2009
CNY
Dec. 31, 2008
CNY
Net revenues:        
Commissions and fees $ 224,907 1,484,389 1,154,090 843,107
Other service fees 97 640 761 855
Total net revenues 225,004 1,485,029 1,154,851 843,962
Operating costs and expenses:        
Commissions and fees (107,333) (708,403) (579,911) (436,803)
Selling expenses (11,147) (73,567) (49,498) (17,328)
General and administrative expense (41,128) [1] (271,444) [1] (199,246) [1] (180,031) [1]
Total operating costs and expenses (159,608) (1,053,414) (828,655) (634,162)
Income from operations 65,396 431,615 326,196 209,800
Other income (expense), net:        
Gain on disposal of investment in subsidiary       525
Investment income 6,249 41,244 18,905  
Interest income 4,080 26,924 33,299 47,967
Interest expense (1) (5) (4) (95)
Others, net 59 391 1,408 (28)
Changes in fair value of contingent consideration payables     (5,946)  
Net income before income taxes and income of affiliates 75,783 500,169 373,858 258,169
Income tax expense (14,658) (96,743) (95,618) (62,438)
Share of income of affiliates 1,955 12,904 774 135
Net income 63,080 416,330 279,014 195,866
Less: Net income (loss) attributable to the noncontrolling interests (906) (5,978) (21,827) 4,129
Net income attributable to the CNinsure Inc's shareholders $ 63,986 422,308 300,841 191,737
Net income per share:        
Basic $ 0.0668 0.4408 0.3297 0.2101
Diluted $ 0.0646 0.4264 0.3241 0.209
Net income per American Depositary Shares ("ADS"):        
Basic $ 1.3358 8.8162 6.5938 4.2025
Diluted $ 1.2922 8.5288 6.4815 4.1803
Shares used in calculating net income per share:        
Basic 958,029,717 958,029,717 912,497,726 912,497,726
Diluted 990,318,528 990,318,528 928,312,312 917,335,390
[1] Including (i) share-based compensation expenses of RMB45,659 and RMB7,553 and RMB22,211 (US$3,365) for the years ended December 31, 2008, 2009 and 2010, respectively; and (ii) impairment loss on intangible assets of Nil, Nil and RMB4,600 (US$697) for the years ended December 31, 2008, 2009 and 2010, respectively.