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Consolidated Statements of Operations and Comprehensive Income
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12 Months Ended | |||
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Dec. 31, 2010
USD ($)
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Dec. 31, 2010
CNY
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Dec. 31, 2009
CNY
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Dec. 31, 2008
CNY
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| Net revenue: | ||||
| Online games | $ 195,375,881 | 1,289,480,817 | 1,293,018,121 | 1,589,675,915 |
| Licensing revenues | 6,464,648 | 42,666,674 | 10,687,252 | 4,391,427 |
| Other revenue, net | 101,206 | 667,960 | 130,074 | 612,444 |
| Total net revenue | 201,941,735 | 1,332,815,451 | 1,303,835,447 | 1,594,679,786 |
| Cost of services | (30,170,037) | (199,122,245) | (204,069,659) | (217,899,466) |
| Gross profit | 171,771,698 | 1,133,693,206 | 1,099,765,788 | 1,376,780,320 |
| Operating (expenses) income: | ||||
| Research and product development | (28,187,358) | (186,036,564) | (113,354,460) | (88,539,393) |
| Sales and marketing | (21,667,598) | (143,006,150) | (119,600,377) | (241,575,189) |
| General and administrative | (18,098,032) | (119,447,009) | (121,446,102) | (141,785,677) |
| Government financial incentives | 8,694,848 | 57,386,000 | 88,460,000 | 63,084,300 |
| Impairment of intangible assets | (7,054,192) | (46,557,669) | ||
| Total operating expenses | (66,312,332) | (437,661,392) | (265,940,939) | (408,815,959) |
| Income from operations | 105,459,366 | 696,031,814 | 833,824,849 | 967,964,361 |
| Interest income | 20,620,894 | 136,097,898 | 102,200,467 | 184,963,678 |
| Investment income (loss) | (5,970,899) | 1,171,241 | ||
| Unrealized loss on investment held-for-trading | (300,493) | |||
| Other (expense) income, net | 9,919,066 | 65,465,834 | 14,024,846 | (842,825) |
| Income before income tax expenses | 135,999,326 | 897,595,546 | 944,079,263 | 1,152,955,962 |
| Income tax expenses | (13,533,697) | (89,322,402) | (85,060,010) | (39,367,808) |
| Share of loss of an equity investee | (98,198) | (648,106) | ||
| Net income | 122,367,431 | 807,625,038 | 859,019,253 | 1,113,588,154 |
| Net loss attributable to non controlling interests | 539,817 | 3,562,795 | 294,493 | |
| Net income attributable to the Company's shareholders | 122,907,248 | 811,187,833 | 859,313,746 | 1,113,588,154 |
| Other comprehensive loss, net of tax | ||||
| Foreign currency translation | (11,090,036) | (73,194,240) | (12,768,786) | (192,424,438) |
| Reclassification adjustment | (1,813,513) | |||
| Unrealized holding gains (losses) | (2,203,038) | (14,540,051) | (30,951,002) | 76,969,037 |
| Total other comprehensive loss, net of tax | (13,293,074) | (87,734,291) | (45,533,301) | (115,455,401) |
| Comprehensive income | $ 109,614,174 | 723,453,542 | 813,780,445 | 998,132,753 |
| Earnings per share: | ||||
| Basic | $ 0.54 | 3.57 | 3.80 | 4.65 |
| Diluted | $ 0.53 | 3.47 | 3.67 | 4.49 |
| Weighted average ordinary shares: | ||||
| Basic | 227,308,854 | 227,308,854 | 226,278,227 | 239,458,633 |
| Diluted | 233,928,400 | 233,928,400 | 233,960,556 | 247,895,076 |
| X | ||||||||||
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- Definition
Non-repayable sum of money granted by the municipal government to reward the entity for prompt tax payments and qualification as a high technology project. Such financial incentives are recorded within operating expenses as they are calculated with reference to business tax, individual income tax, and enterprise income tax, if any, paid or withheld by the entity at a predetermined percentage.
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| X | ||||||||||
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- Definition
This item represents investment income or loss derived from investments in debt and equity securities
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| X | ||||||||||
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- Definition
The aggregate amount of generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
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| X | ||||||||||
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- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The amount of net income or loss for the period per each share of common stock outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income or loss for the period per each share of common stock and dilutive common stock equivalents outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.
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| X | ||||||||||
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.
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| X | ||||||||||
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- Definition
The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of an intangible asset (excluding goodwill) to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. Such amount typically reflects adjustments similar to those made in preparing consolidated statements, including adjustments to eliminate intercompany gains and losses, and to amortize, if appropriate, any difference between cost and underlying equity in net assets of the investee at the date of investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The sum of the current income tax expense (benefit) and the deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Interest generated from day to day operating activities of the business. This element represents a revenue generating activity and is therefore gross (before any related cost of revenue items).
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| X | ||||||||||
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- Definition
Revenue earned during the period relating to consideration received from another party for the right to use, but not own, certain of the entity's intangible assets. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Licensing fees are generally, but not always, fixed as to amount and not dependent upon the revenue generated by the licensing party. An entity may receive licensing fees for licenses that also generate royalty payments to the entity.
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| X | ||||||||||
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- Definition
This item represents the total unrealized gain (loss) included in earnings for the period as a result of holding marketable securities categorized as trading, including the unrealized holding gain or loss of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain or loss which was included in other comprehensive income (a separate component of shareholders'' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any losses recognized for other than temporary impairments of the subject investments in debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of net income (loss) attributable to the noncontrolling interest (if any) deducted in order to derive the portion attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net result for the period of deducting operating expenses from operating revenues.
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- Details
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| X | ||||||||||
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- Definition
Change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into functional currency of the reporting entity for the period being reported, net of tax. If an entity's functional currency is a foreign currency, translation adjustments result from the process of translating that entity's financial statements into the reporting currency. Includes gain (loss) on foreign currency forward exchange contracts. Includes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. Includes the gain or loss on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain or loss under FAS 52 and that have been designated and have qualified as hedging instruments for hedges of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Reclassification adjustment for translation gains or losses realized upon the sale or complete or substantially complete liquidation of an investment in foreign entity, after tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents Other Comprehensive Income (Loss), Net of Tax, for the period attributable to the parent entity. Includes deferred gains (losses) on qualifying hedges, unrealized holding gains (losses) on available-for-sale securities, minimum pension liability, and cumulative translation adjustment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Appreciation or loss in value (before reclassification adjustment) of the total of unsold securities during the period being reported on, net of tax. Reclassification adjustments include: (1) the unrealized holding gain or loss, net of tax, at the date of the transfer for a debt security from the held-to-maturity category transferred into the available-for-sale category. Also includes the unrealized gain or loss at the date of transfer for a debt security from the available-for-sale category transferred into the held-to-maturity category; (2) the unrealized gains or losses realized upon the sale of securities, after tax; and (3) the unrealized gains or losses realized upon the write-down of securities, after tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net amount of other nonoperating income and expense, which does not qualify for separate disclosure on the income statement under materiality guidelines. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate total amount of expenses directly related to the marketing or selling of products or services.
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| X | ||||||||||
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- Definition
The average number of shares issued and outstanding that are used in calculating diluted EPS, determined based on the timing of issuance of shares in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Number of [basic] shares, after adjustment for contingently issuable shares and other shares not deemed outstanding, determined by relating the portion of time within a reporting period that common shares have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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