Chinese online jobs website provider 51job Inc. announced itsunaudited financial results for the first quarter of 2010 endedMarch 31, 2010. Total revenues increased 42.6% over the first quarter of 2009 toRMB254.3 million, and gross margin expanded to 64.3% compared with56.1% in the first quarter of 2009. Rick Yan, president and CEO, said, “Despite a late Chinese New Yearwhich fell in mid February, the high level of recruitment activityin the post-holiday period drove better than expected revenues,which resulted in significant margin expansion and profitability inthe first quarter. We observed strong market demand as manyemployers emerged from last year’s challenging conditions with arenewed focus on growth and aggressive hiring targets. Cryolipolysis Equipment
During thequarter, we also continued to acquire customers for our onlinebusiness at a rapid pace. Led by this robust online segment andcombined with a seasonal rebound in our print business and steadydevelopment in our other HR services, our solid first quarterresults give us confidence for a successful 2010.” Print advertising revenues for the first quarter of 2010 increased30.9% to RMB92.4 million compared with RMB70.6 million for the samequarter in 2009. The increase was primarily due to higher averagerevenue per page as well as a greater volume of print advertisingpages. Although print advertising prices in each city remainedrelatively unchanged, overall average revenue per page increased22.3% over the first quarter of 2009 due to an increase in pagevolume contribution from higher priced cities as compared to thesame quarter of the prior year. China Multifunction Beauty Equipment
Despite the termination of printoperations in the cities of Tianjin and Hefei in the first quarterof this year, the estimated number of print advertising pagesgenerated in the first quarter of 2010 increased 7.0% to 3,120compared with 2,916 pages in the same quarter in 2009 resultingfrom an improvement in market demand. Online recruitment services revenues for the first quarter of 2010were RMB109.7 million, representing a 60.8% increase from RMB68.2million for the same quarter of the prior year. The increaseprimarily resulted from a greater number of unique employers usingthe company’s online recruitment services via 51job.com, which waspartially offset by lower average revenue per unique employer.Unique employers increased 76.3% to 112,245 in the first quarter of2010 compared with 63,684 in the same quarter of the prior yeardriven by greater customer acceptance and usage of onlinerecruitment services. Net income for the first quarter of 2010 increased to RMB50.4million from RMB9.4 million for the same quarter in 2009. China IPL Laser Hair Removal Machine
As of March 31, 2010, the company had cash and short-terminvestments totaling RMB1.274 billion. Related Links: http://www.miit.gov.cn.