Fexon Technology Ltd|Internet news: Rising costs eroded profits

Fexon Technology Ltd|Internet news reports: Although revenue increased rapidly, but a quarter of finacil report of Baidu, as a number of business expansion in the period, Baidu's costs have increased, resulting in net profit growth rate far slower than revenue growth.

During the first quarter, Baidu's operating profit of about 147.4 million yuan, an increase of 99.6 percent, while net profit of about 146.6 million yuan, an increase of 71.5 percent.

Baidu cost structure in the Japanese market and the related operating costs and expenses in the first quarter was about 30.1 million yuan, the first-quarter diluted earnings per share decreased by 0.87 yuan; "Baidu Union" cost of about 76.6 million yuan , Accounting for the first quarter operating income of 13.3 percent, year-over-year increase of three percentage points, reflecting the growth performance of Baidu Union; bandwidth cost of about 38.4 million yuan, accounting for the first quarter operating income of 6.7 percent, the proportion of the same period last year A lower percentage points depreciation cost of about 53.2 million yuan, accounting for the first quarter operating income of 9.3 percent over the same period last year, the ratio of 9.4 percent.(Fexon Technology Ltd)

In addition, direct sales teams and the expansion of R & D personnel, the first quarter of Baidu's sales and management fees of about 147 million yuan, up 96.3 percent; research and development cost of about 51.4 million yuan, an increase of 105.9 percent.----> More News