On May 16, NetQin (网秦, New York Stock Exchange stock code: NQ) released the first quarter ended March 31, 2013 unaudited Financial Results. Filing showed that in the first quarter of 2013, the revenue of NetQin achieved a year-on-year growth of 108% to $ 33.2 million; the attributable net profit rose by 34.2%, to $ 2.9 million.
As of March 31, 2013, the total number of registered users of NetQin reached 326.6 million compared to the 283.4 million as of December 31, 2012. After taking into account of 76.9 million registered accounts of Fei Liu, as of March 31, 2013, NetQin had a total account numbers of 403.5 million.
NetQin, Chairman and CEO Lin Yu said: “I am pleased to announce that in the beginning of 2013 the business is really strong, our revenues once again hit a new record high, we are starting to realize the growth potential of the acquisition of Beijing NationSky and Fei Liu. In 2013, we will focus on expanding our service offerings especially in the Chinese market via the implementation of a variety of revenue streams, and create coordination among our different product lines to continue to grow as the industry’s leading mobile platform”.