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Condensed Consolidated Statements of Income and Comprehensive Income
In Thousands, except Share data
3 Months Ended6 Months Ended
Jun. 30, 2011
USD ($)
Jun. 30, 2011
CNY
Jun. 30, 2010
CNY
Jun. 30, 2011
USD ($)
Jun. 30, 2011
CNY
Jun. 30, 2010
CNY
Net Revenue      
Product sales$ 134,584 869,881 608,485$ 240,372 1,553,643 1,155,331
Service revenue  8,496  14,449
Revenues, Total134,584869,881616,981240,3721,553,6431,169,780
Cost of sales      
Cost of goods sold(118,028)(762,873)(522,818)(208,787)(1,349,497)(992,766)
Cost of service  (6,882)  (11,655)
Cost of Revenue(118,028)(762,873)(529,700)(208,787)(1,349,497)(1,004,421)
Gross profit16,556107,00887,28131,585204,146165,359
Selling, general and administrative expenses(7,532)(48,682)(39,796)(14,081)(91,013)(77,356)
Research and development expenses(3,772)(24,381)(18,991)(7,136)(46,126)(35,022)
Other operating income (expense)149(1)(6)36
Income from operations5,25333,94928,50310,36767,00153,017
Interest expense(582)(3,759)(1,666)(1,062)(6,862)(2,781)
Interest income5553,5893,4931,0396,7196,787
Earnings before income taxes5,22633,77930,33010,34466,85857,023
Income tax expense(548)(3,540)(3,040)(1,101)(7,113)(5,699)
Net income4,67830,23927,2909,24359,74551,324
Less net income attributable to noncontrolling interests(508)(3,284)(132)(887)(5,734)(405)
Net income attributable to Cogo Group, Inc.4,17026,95527,1588,35654,01150,919
Earnings per share attributable to Cogo Group, Inc.      
Basic$ 0.11 0.71 0.73$ 0.22 1.42 1.37
Diluted$ 0.11 0.70 0.71$ 0.21 1.39 1.34
Weighted average number of common shares outstanding      
Basic38,078,75638,078,75637,133,30438,036,99738,036,99737,088,817
Diluted38,719,29038,719,29038,045,70538,958,17038,958,17038,070,100
Comprehensive income:      
Net income4,67830,23927,2909,24359,74551,324
Other comprehensive income      
Foreign currency translation adjustments(378)(2,442)(2,235)(545)(3,520)(2,096)
Comprehensive income      
Less:comprehensive income attributable to noncontrolling interests(503)(3,254)(46)(874)(5,648)(264)
Comprehensive income attributable to Cogo Group, Inc.$ 3,797 24,543 25,009$ 7,824 50,577 48,964