JIAYUAN.COM INTERNATIONAL LTD

CIK:0001511683|SEC Filings

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2015 USD ($) $ / shares shares	Dec. 31, 2015 CNY (¥) ¥ / shares shares	Dec. 31, 2014 CNY (¥) ¥ / shares shares	Dec. 31, 2013 CNY (¥) ¥ / shares shares
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net revenues	$ 110,157	¥ 713,572	¥ 613,990	¥ 492,606
Cost of revenues	(59,095)	(382,804)	(277,789)	(180,521)
Gross profit	51,062	330,768	336,201	312,085
Operating expenses:
Selling and marketing expenses	(33,252)	(215,399)	(252,736)	(183,619)
General and administrative expenses	(12,701)	(82,272)	(58,071)	(52,565)
Research and development expenses	(4,086)	(26,469)	(23,149)	(21,918)
Total operating expenses	(50,039)	(324,140)	(333,956)	(258,102)
Operating income	1,023	6,628	2,245	53,983
Interest income	1,088	7,045	17,658	11,687
Foreign currency exchange income/(loss), net	56	361	(1,361)	1,935
Other income, net	3,084	19,976	4,572	9,104
Income before income tax	5,251	34,010	23,114	76,709
Income tax expenses	(1,325)	(8,586)	(3,007)	(13,053)
Net income	3,926	25,424	20,107	63,656
Net income	3,926	25,424	20,107	63,656
Other comprehensive (loss)/income:
Foreign currency translation adjustments, net of tax of RMB nil	667	4,320	1,780	(9,018)
Comprehensive income	$ 4,593	¥ 29,744	¥ 21,887	¥ 54,638
Net income per share:
Basic (in CNY and dollars per share) \| (per share)	$ 0.09	¥ 0.57	¥ 0.45	¥ 1.42
Diluted (in CNY and dollars per share) \| (per share)	$ 0.09	¥ 0.56	¥ 0.44	¥ 1.39
Weighted average shares used in calculating net income per share, basic (in shares)	44,253,419	44,253,419	44,423,885	44,910,676
Weighted average shares used in calculating net income per share, diluted (in shares)	45,543,939	45,543,939	45,390,809	45,827,922
Net income per ADS:
Basic (in CNY and dollars per share) \| (per share)	$ 0.13	¥ 0.86	¥ 0.68	¥ 2.13
Diluted (in CNY and dollars per share) \| (per share)	$ 0.13	¥ 0.84	¥ 0.66	¥ 2.08
Weighted average shares used in calculating net income per ADS, basic (in shares)	29,502,279	29,502,279	29,615,923	29,940,450
Weighted average shares used in calculating net income per ADS, diluted (in shares)	30,362,626	30,362,626	30,260,539	30,551,948

CONSOLIDATED STATEMENTS OF CASH FLOWS ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2015 USD ($)	Dec. 31, 2015 CNY (¥)	Dec. 31, 2014 CNY (¥)	Dec. 31, 2013 CNY (¥)
Cash flows from operating activities
Net income	$ 3,926	¥ 25,424	¥ 20,107	¥ 63,656
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,779	11,522	14,381	16,175
Share-based compensation	1,965	12,730	9,562	10,428
Foreign currency exchange (income)/loss , net	(56)	(361)	1,361	(1,935)
Deferred taxation	612	3,966	(3,427)	3,533
Loss from disposal of property, plant , equipment and intangible assets	371	2,402	218	5
Dividend income from available-for-sale securities	(98)	(633)	(482)	(186)
Changes in operating assets and liabilities:
Accounts receivable, net	(634)	(4,104)	(3,772)	6,115
Prepaid expenses and other assets	(24,416)	(158,165)	(44,687)	20,901
Deferred revenue	945	6,124	63,260	15,187
Accounts payable	(390)	(2,525)	15,071	4,458
Accrued expenses and other current liabilities	23,540	152,490	8,795	18,887
Income tax payable	74	477	(3,189)	9,743
Net cash provided by operating activities	7,618	49,347	77,198	166,967
Cash flows from investing activities
Purchase of short-term deposits	(3,087)	(20,000)	(239,466)	(326,299)
Maturity of short-term deposits	36,967	239,466	336,299	233,025
Purchase of property, plant and equipment	(699)	(4,525)	(5,541)	(18,168)
Purchase of intangible assets				(305)
Proceeds from disposal of property, plant and equipment			14
Purchase of available-for-sale securities	(50,171)	(325,000)	(10,000)
Investment in equity investee			(11,048)
Net cash (used in)/provided by investing activities	(16,990)	(110,059)	70,258	(111,747)
Cash flows from financing activities
Issuance of ordinary shares upon exercise of share options, net of issuance cost	1,293	8,377	8,704	8,109
Payment of dividend to ordinary shareholders			(165,951)	(48,246)
Repurchase of ordinary shares	(263)	(1,703)	(26,380)	(33,097)
Deposit from Baihe related to the proposed privatization	23,156	150,000
Net cash (used in)/provided by financing activities	24,186	156,674	(183,627)	(73,234)
Effect of exchange rate changes on cash and cash equivalents	723	4,681	415	(7,082)
Net (decrease)/increase in cash and cash equivalents	15,537	100,643	(35,756)	(25,096)
Cash and cash equivalents at beginning of year	30,389	196,857	232,613	257,709
Cash and cash equivalents at end of year	45,926	297,500	196,857	232,613
Supplemental disclosure of cash flow information
Income tax paid	$ (640)	¥ (4,143)	¥ (9,623)	¥ (1,115)

CONSOLIDATED BALANCE SHEETS ¥ in Thousands, $ in Thousands	Dec. 31, 2015 USD ($)	Dec. 31, 2015 CNY (¥)	Dec. 31, 2014 CNY (¥)
Current assets:
Cash and cash equivalents	$ 45,926	¥ 297,500	¥ 196,857
Short-term deposits	3,087	20,000	239,466
Available-for-sale securities	52,695	341,348	15,715
Accounts receivable, net	6,460	41,849	37,745
Deferred tax assets	1,226	7,940	8,982
Prepaid expenses and other current assets	34,721	224,914	66,501
Total current assets	144,115	933,551	565,266
Non-current assets:
Investment in equity investee	1,706	11,048	11,048
Property and equipment, net	13,033	84,423	91,694
Intangible assets, net	229	1,482	3,610
Goodwill	122	789	789
Other non-current assets	122	791	1,039
Total assets	159,327	1,032,084	673,446
Current liabilities:
Accounts payable (including accounts payable of the consolidated variable interest entities and VIE's subsidiaries without recourse to the Company of RMB20,692 and RMB18,167 as of December 31, 2014 and 2015, respectively)	2,805	18,167	20,692
Deferred revenue, current portion (including deferred revenue, current portion of the consolidated variable interest entities and VIE's subsidiaries without recourse to the Company of RMB189,018 and RMB195,138 as of December 31, 2014 and 2015, respectively)	30,124	195,138	189,018
Accrued expenses and other liabilities, current portion (including accrued expenses and other current liabilities, current portion, of the consolidated variable interest entities and VIE's subsidiaries without recourse to the Company of RMB38,243 and RMB329,498 as of December 31, 2014 and 2015, respectively)	53,526	346,728	45,490
Income tax payable (including income tax payable of the consolidated variable interest entities and VIE's subsidiaries without recourse to the Company of RMB16,927 and RMB16,928 as of December 31, 2014 and 2015, respectively)	3,012	19,514	19,037
Total current liabilities	89,467	579,547	274,237
Non-current liabilities:
Deferred revenue, non-current portion (including deferred revenue, non-current portion, of the consolidated variable interest entities and VIE's subsidiaries without recourse to the Company of RMB2 and RMB6 as of December 31, 2014 and 2015, respectively)	1	6	2
Accrued expenses and other liabilities, non-current portion (including other non-current liabilities of the consolidated variable interest entities and VIE's subsidiaries without recourse to the Company of RMB5,650 and RMB6,902 as of December 31, 2014 and 2015, respectively)	1,065	6,902	5,650
Deferred tax liabilities	1,457	9,441	6,517
Total liabilities	$ 91,990	¥ 595,896	¥ 286,406
Commitments and contingencies (Note 18)
SHAREHOLDERS' EQUITY
Ordinary shares (US$0.001 par value; 100,000,000 shares authorized as of December 31, 2014 and 2015; 49,930,944 shares issued and outstanding as of December 31, 2014; 48,762,903 shares issued and outstanding as of December 31, 2015)	$ 54	¥ 350	¥ 354
Additional paid-in capital	54,308	351,796	358,768
Less: Treasury shares (5,310,240 and 4,145,727 shares as of December 31, 2014 and 2015, respectively)	(14,063)	(91,100)	(117,480)
Statutory reserves	1,566	10,141	10,103
Retained earnings	26,511	171,731	146,345
Accumulated other comprehensive loss	(1,039)	(6,730)	(11,050)
Total shareholders' equity	67,337	436,188	387,040
Total liabilities and shareholders' equity	$ 159,327	¥ 1,032,084	¥ 673,446