Note 26 - Earnings per share

6 Months Ended

Jun. 30, 2013

Earnings per share [Abstract]

Earnings Per Share [Text Block]

26.   Earnings per share

Basic and diluted earnings per share for each of the periods presented are calculated as follows (All amounts, except number of shares and per share data, are presented in thousands of US dollars):

	Six months ended June 30,				Three months ended June 30,
	2013		2012		2013		2012
	US$(’000)		US$(’000)		US$(’000)		US$(’000)
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Net income attributable to ChinaNet Online Holdings, Inc.  (numerator for basic and diluted earnings per share)	$	464	$	529	$	434	$	895
Weighted average number of common shares outstanding - Basic		22,193,391		22,184,562		22,200,166		22,186,540
Effect of diluted securities:
Warrants and options		-		-		-		-
Weighted average number of common shares outstanding -Diluted		22,193,391		22,184,562		22,200,166		22,186,540
Earnings per share-Basic	$	0.02	$	0.02	$	0.02	$	0.04
Earnings per share-Diluted	$	0.02	$	0.02	$	0.02	$	0.04

For the six months ended June 30, 2013, the diluted earnings per share calculation did not include the warrants and options to purchase up to 2,363,456 and 939,440 shares of common stock, respectively, because their effect was anti-dilutive.

For the three months ended June 30, 2013, the diluted earnings per share calculation did not include the warrants and options to purchase up to 2,363,456 and 939,440 shares of common stock, respectively, because their effect was anti-dilutive.

For the six months ended June 30, 2012, the diluted earnings per share calculation did not include the warrants and options to purchase up to 3,005,456 and 939,440 shares of common stock, respectively, because their effect was anti-dilutive.

For the three months ended June 30, 2012, the diluted earnings per share calculation did not include the warrants and options to purchase up to 3,005,456 and 939,440 shares of common stock, respectively, because their effect was anti-dilutive.