custom car matsThe giant network in fiscal year 2011, the main business cost of 2

The giant networkin fiscal year 2011,custom car mats, the main business cost of 257200000 yuan ($40900000 ) ,compared with the 2010 fiscal year 199100000 yuan of growth 29.2% .Cost of main business revenue increase is mainly due to increase in the sales tax increase .
Gross margin gross profit and giant network in 2011 fourth quarter gross profit of 427100000 yuan ($67900000 ) ,annulus comparing rises 8.3% ,rise compared to the same period 37.3% .The giant network in 2011 fourth quarter gross margin of 86.
3% ,the previous quarter on 86.2% and 84.5% over the same period last year increased .The giant network in fiscal year 2011, gross profit of 1535000000 yuan ($243900000 ) ,security system car,the net revenue growth driven by fiscal year 2010 1133700000 yuan ,a growth of 35.
4% .Fiscal year 2011 wool interest rate is 85.6% ,compared to 2010 fiscal year 85.1% rise slightly .Operating expenses of giant network in 2011 fourth quarter total operating cost of 134100000 yuan ($21300000 ) ,representing a quarter of 113700000 yuan rose by 18% ,compared with the same period last year dropped 20.
3% 168300000 yuan .Operating expenses rose in the fourth quarter of 2011 mainly because of the R & D and marketing costs have increased .In fiscal year 2011, the total operating cost of 456200000 yuan ($72500000 ) ,a 2010 fiscal year 437700000 yuan rose 4.
2% .Total operating expenses rise is the main reason for the expansion of the company product line and increase investment on research and development ,to promote the new game adds market promotion activities ,best gps for a carIn 2004,as well as of 2011, government subsidy has been reduced .
The giant network of the fourth quarter of 2011 product development cost of 69200000 yuan ($11000000 ) ,representing a quarter of 48900000 yuan rose by 41.5% ,compared with the same period last year increased by 3.
9% 66600000 yuan .Research and development costs rose in the fourth quarter of 2011 mainly because issued a year-end bonus ,as well as to the personnel of research and development of new restricted stock and the increased costs associated with .
Fiscal year 2011 R & D cost of 230200000 yuan ($36600000 ) ,compared with 2010 in fiscal year 186000000 yuan of growth of 23.7% ,mainly because of the product line extension and the existing game continued to update and optimize ,R & D personnel expands somewhat .
The giant network in 2011 fourth quarter sales and marketing cost of 55300000 yuan ($8800000 ) ,representing a quarter of 49600000 yuan rose by 11.3% ,compared with the same period last year increased by 80.
8% 30600000 yuan .Cost of sales and marketing chain and year-on-year rise mainly because the company in the fourth quarter of 2011 as the journey and 2 Eyre light two game Gongce into marketing and promotion expenses .
Fiscal year 2011 sales and marketing cost of 170000000 yuan ($27000000 ) ,compared with 2010 in fiscal year 143000000 RMB rose by 18.9% ,mainly in order to promote the company games ,such as the journey and 2 Eyre light .
The giant network in 2011 fourth quarter management cost of 27400000 yuan ($4400000 ) ,representing a quarter of 25200000 yuan rose by 9% ,compared with the same period last year dropped 20.
7% 34600000 yuan .The cost management of rose is mainly because in 2011 fourth quarter company issued a year-end bonus .Management costs year-on-year decline was mainly due to 2011 from the depository bank American Depository Receipts ( ADR ) related to the back to increase .
Fiscal year 2011 management fee of 103700000 yuan ($16500000 ) ,a 2010 fiscal year 119400000 yuan fell 13.2% ,mainly due to more stringent cost control and from the depository bank American Depository Receipts ( ADR ) related to the back to increase .
Government subsidies for the giant network in 2011 fourth quarter of government subsidies of 17700000 yuan ($2800000 ) ,is the main city hall returned sales taxes .Tax return mainly with operating sales of related ,so we regard it as the operating expense deduction items .
The fiscal 2011 subsidy of 47700000 yuan ,a 2010 fiscal year 57400000 yuan decline .Interest income of giant network in 2011 fourth quarter interest income of 14500000 yuan ($2300000 ) ,the last quarter and the same period last year respectively 39500000 and 37300000 yuan .
Interest income ratio and fell mainly due in 2011 September the company issued a $3 one-time special cash dividend cash held by substantially reducing the company after the .In fiscal year 2011, the interest income of 141600000 yuan ($22500000 ) ,compared to 2010 in fiscal year 136100000 yuan rise ,thanks mainly to a one-time payment of cash dividends before special funds management more efficient .
Income tax expense in the giant network in 2011 fourth quarter income tax cost of 39900000 yuan ($6300000 ) ,a quarterly income tax return for 19300000 yuan ,the same period last year income tax expenses for 25900000 yuan .
Income tax expense ratio increased mainly because of the third quarter of 2011 the company recognized 63000000 yuan of deferred income tax assets ( assets on the balance sheet of the deferred income tax assets increase ,the corresponding income statement income tax cost reduction ) .
Fiscal year 2011 of income tax expenses for 352400000 yuan ($56000000 ) ,compared to 2010 in fiscal year 89300000 yuan increase .The income tax expenses was mainly due to the significant increase in 2011 September issued special dividend in 2011 second quarter produced a lot of disposable income tax withholding .
Net profit of giant network in 2011 fourth quarter net profit of 246400000 yuan ($39200000 ) ,representing a quarter of 361300000 yuan fell by 31.8% ,compared with the same period last year increased by 6.
6% 231300000 yuan .Net profit decline was mainly due to ( a ) in 2011 September issued a $3 per share cash dividend cash after one-time special company to substantially reduce the brought interest revenue decrease ,( b ) in 2011 third quarter to pay a one-time special cash dividend due to exchange rate is better than produce exchange gains ,the fourth quarter of 2011 did not produce this items exchange gains ,so other income were reduced ,( c ) in 2011 third quarters of the company 63000000 yuan one-time recognition of deferred income tax assets ( assets on the balance sheet of the deferred income tax assets increase ,the corresponding income statement income tax expense reduction) ,and the fourth quarter of 2011 did not produce a one-time adjustment, so the income tax costs rose ,( d ) research and development subsidiary reform and financial impact ,which belongs to the minority interests in subsidiaries central increased ,we will in the following business focus and Prospect of research and development subsidiary of minority interests in part explained in detail .
Quarter net profit year-on-year increase is mainly due to the increase in revenue in 2011 product .The giant network in 2011 fourth quarter net profit rate is 49.8% ,the last quarter and the same period last year respectively 78.
9% and 62.8% .In fiscal year 2011, net profit of 880000000 yuan ($139800000 ) ,compared with the 2010 fiscal year 811200000 yuan of growth of 8.5% .2011 money year net profit rate is 49.1% ,a 60.
9% decline in fiscal year 2010 .Cash ,cash equivalents and short-term investment as of December 31, 2011 ,the giant of cash ,cash equivalents and short-term investment amounted to 1870100000 yuan ($297100000 ) .
As of September 30, 2011 1914800000 yuan ,annulus comparing drops 44700000 yuan mainly due to (a ) of Yunfeng fund the $50000000 investment ,for the purchase of Alibaba ( micro-blog ) group stock, and ( b ) in 2011 September approved by the board of directors of a total of not more than $50000000 a share repurchase program of company stock repurchase ,at the same time by the fourth quarter of 2011 free cash flow growth section offset .
Cash dividend of giant network announces to March 23, 2012 ( the United States Eastern time ) the end of the transaction of registered shareholder to distribute $0.30 per share cash dividend ,and will be on April 9, 2012 ( the United States Eastern time ) payments to shareholders .