Chinacache International Holdings Ltd (ADR) (NASDAQ:CCIH) Reported Financial Results For Fourth Quarter And Full Year Ended Dec 31, 2013.

Boston, MA, 03/14/2014 – ChinaCache International Holdings Ltd (ADR) (NASDAQ:CCIH), the leading total solutions provider of Internet data and application services in the country, reported its unaudited consolidated financial results for the fourth quarter of 2013 and full year ended Dec 31, 2013.

Q4 2013 Results

Net revenues for ChinaCache International Holdings Ltd (ADR) (NASDAQ:CCIH) in the reported quarter surged to RMB339.4 million or USD56.1 million. It surpassed the top end of the company’s guidance by as much as 14%. This marks a 23.2% rise from the third quarter of the year and an increase of 50.8% year over year. Gross profit in the fourth quarter was RMB107.2 million or USD17.7 million. This represents an increase of 22.3% from the third quarter and also a rise of 58.4% year over year. Non-GAAP Adjusted EBITDA was RMB20.3 million or USD26.2 million. This means there has been an increase of 421.9% when compared with the results of the third quarter and a year over year rise of RMB26.2 million.

Net loss characteristic to ordinary shareholders in the fourth quarter of 2013 was RMB11.9 million or USD2.0 million. This is comparable to a net loss characteristic to ordinary shareholders in the third quarter of 2013 of RMB22.7 million and a net loss characteristic to ordinary shareholders in the same quarter of 2012 of RMB26.7 million. Non-GAAP Adjusted net loss was RMB5.0 million or USD0.8 million in the reported quarter. This is comparable to a net loss in the third quarter of 2013 of RMB16.0 million and a net loss in the same quarter of 2012 of RMB19.9 million.

Full Year 2013 Results

ChinaCache International Holdings Ltd (ADR) (NASDAQ:CCIH)’s net revenues in 2013 surged to a record high of RMB1.10 billion or USD182.2 million. This represents a 35.6% raise from the prior year. Gross profit in the year was RMB346.6 million or USD57.3 million, which is a 36.3% high from 2012. Non-GAAP Adjusted EBITDA was RMB46.2 million or USD7.6 million, a fall of 33.2% as compared to the prior year. Net loss characteristic to ordinary shareholders in 2013 was RMB32.1 million or USD5.3 million. This is comparable to a net loss characteristic to ordinary shareholders of RMB17 million in 2012. Non-GAAP Adjusted net loss was RMB15.8 million or USD2.6 million in 2013. This is comparable adjusted net income in 2012 of RMB3.4 million.

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