XML 87 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
USD ($)
Dec. 31, 2014
CNY
Dec. 31, 2013
CNY
Dec. 31, 2012
CNY
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]        
Net Revenues $ 93,434us-gaap_SalesRevenueServicesNet 579,717us-gaap_SalesRevenueServicesNet 259,534us-gaap_SalesRevenueServicesNet 171,527us-gaap_SalesRevenueServicesNet
Operating expenses:        
Cost of services (8,689)us-gaap_CostOfServices (53,909)us-gaap_CostOfServices (27,818)us-gaap_CostOfServices (18,476)us-gaap_CostOfServices
Sales and marketing (28,025)us-gaap_SellingAndMarketingExpense (173,883)us-gaap_SellingAndMarketingExpense (84,596)us-gaap_SellingAndMarketingExpense (45,794)us-gaap_SellingAndMarketingExpense
General and administrative (25,192)us-gaap_GeneralAndAdministrativeExpense (156,309)us-gaap_GeneralAndAdministrativeExpense (73,190)us-gaap_GeneralAndAdministrativeExpense (57,784)us-gaap_GeneralAndAdministrativeExpense
Service development expenses (9,573)us-gaap_ResearchAndDevelopmentExpense (59,398)us-gaap_ResearchAndDevelopmentExpense (28,686)us-gaap_ResearchAndDevelopmentExpense (26,571)us-gaap_ResearchAndDevelopmentExpense
Write-off of deferred offering expenses (522)us-gaap_WriteOffOfDeferredDebtIssuanceCost (3,241)us-gaap_WriteOffOfDeferredDebtIssuanceCost    (6,404)us-gaap_WriteOffOfDeferredDebtIssuanceCost
Total operating expenses (72,001)us-gaap_CostsAndExpenses (446,740)us-gaap_CostsAndExpenses (214,290)us-gaap_CostsAndExpenses (155,029)us-gaap_CostsAndExpenses
Other operating income 2,807us-gaap_OtherOperatingIncome 17,414us-gaap_OtherOperatingIncome 14,560us-gaap_OtherOperatingIncome 4,193us-gaap_OtherOperatingIncome
Government grant 587us-gaap_RevenueFromGrants 3,643us-gaap_RevenueFromGrants 2,792us-gaap_RevenueFromGrants 2,242us-gaap_RevenueFromGrants
Other operating expenses (730)us-gaap_OtherCostAndExpenseOperating (4,527)us-gaap_OtherCostAndExpenseOperating (2,678)us-gaap_OtherCostAndExpenseOperating (1,821)us-gaap_OtherCostAndExpenseOperating
Operating profit 24,097us-gaap_OperatingIncomeLoss 149,507us-gaap_OperatingIncomeLoss 59,918us-gaap_OperatingIncomeLoss 21,112us-gaap_OperatingIncomeLoss
Interest income 2,741us-gaap_InvestmentIncomeInterest 17,009us-gaap_InvestmentIncomeInterest 2,058us-gaap_InvestmentIncomeInterest 1,132us-gaap_InvestmentIncomeInterest
Interest expense (57)us-gaap_InterestExpense (356)us-gaap_InterestExpense (5,407)us-gaap_InterestExpense   
Changes in fair value of the derivative component of the convertible note       (26,809)us-gaap_EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet   
Changes in fair value of the structured deposit (181)wbai_UnrealizedGainLossOnChangeInFairValueOfShortTermInvestment (1,124)wbai_UnrealizedGainLossOnChangeInFairValueOfShortTermInvestment      
Income before income tax 26,600us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 165,036us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 29,760us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 22,244us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax benefit (expense) (1,287)us-gaap_IncomeTaxExpenseBenefit (7,987)us-gaap_IncomeTaxExpenseBenefit 76,294us-gaap_IncomeTaxExpenseBenefit (18,001)us-gaap_IncomeTaxExpenseBenefit
Net income 25,313us-gaap_NetIncomeLoss 157,049us-gaap_NetIncomeLoss 106,054us-gaap_NetIncomeLoss 4,243us-gaap_NetIncomeLoss
Other comprehensive income (loss), net of tax        
Foreign currency translation gain (loss) 1,957us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax 12,145us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax (5,496)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax 58us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
Comprehensive income $ 27,270us-gaap_ComprehensiveIncomeNetOfTax 169,194us-gaap_ComprehensiveIncomeNetOfTax 100,558us-gaap_ComprehensiveIncomeNetOfTax 4,301us-gaap_ComprehensiveIncomeNetOfTax
Earnings per share for Class A and Class B ordinary shares outstanding:        
Basic $ 0.07us-gaap_EarningsPerShareBasic 0.46us-gaap_EarningsPerShareBasic 0.45us-gaap_EarningsPerShareBasic 0.02us-gaap_EarningsPerShareBasic
Diluted $ 0.07us-gaap_EarningsPerShareDiluted 0.44us-gaap_EarningsPerShareDiluted 0.41us-gaap_EarningsPerShareDiluted 0.02us-gaap_EarningsPerShareDiluted
Earnings per American Depositary Share ("ADS") (1 ADS represents 10 Class A ordinary shares)        
Basic $ 0.74wbai_EarningsPerAmericanDepositaryShareBasic 4.62wbai_EarningsPerAmericanDepositaryShareBasic 4.45wbai_EarningsPerAmericanDepositaryShareBasic   
Diluted $ 0.71wbai_EarningsPerAmericanDepositaryShareDiluted 4.39wbai_EarningsPerAmericanDepositaryShareDiluted 4.08wbai_EarningsPerAmericanDepositaryShareDiluted   
Weighted average number of Class A and Class B ordinary shares outstanding:        
Basic 339,782,819us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 339,782,819us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 238,342,685us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 229,374,777us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 357,848,704us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 357,848,704us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 259,729,367us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 233,678,481us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding