Spreadtrum's third quarter net profit of $39.3 million doubled year-on-year

Spreadtrum Communications (Nasdaq: SPRD) today released its third quarter fiscal year 2011 financial statements as of September 30. The report shows that Spreadtrum’s revenue for the third quarter was US$184.8 million, a year-on-year increase of 92.0%, an increase of 15.4% over the previous quarter, and a net profit of US$39.3 million, compared with US$32.5 million in the previous quarter and US$19.5 million in the same period of last year. Increased by 1 times.

The main results of the third quarter of fiscal year 2011:

- Spreadtrum’s total revenue for the third quarter was US$184.8 million, a year-on-year increase of 92.0%, an increase of 15.4% over the previous quarter and exceeding the company’s previous forecast of US$172 million to US$178 million;

- Spreadtrum’s gross profit for the third quarter was $77.2 million, compared to $42.5 million in the same period of last year and $67.2 million in the previous quarter. In the third quarter, Spreadtrum’s gross profit margin was 41.8%, compared with 44.1% in the same period of last year and 42.0% in the previous quarter;

- Spreadtrum’s cash flow from operations in the third quarter was US$30.5 million, compared to US$67 million in the same period of last year and US$34.5 million in the previous quarter;

- According to the US General Accounting Standards, Spreadtrum’s net profit for the third quarter was $39.3 million, up from $32.5 million in the previous quarter and $19.5 million in the same period last year;

- According to US GAAP, Spreadtrum’s basic and diluted earnings per ADS for the third quarter were US$0.84 and US$0.75, respectively. The basic and diluted earnings per ADS for the same period last year were US$0.41 and US$0.37 respectively. The basic and diluted earnings per ADS for the previous quarter were $0.67 and $0.60, respectively;

- Not complying with U.S. General Accounting Standards (excluding equity incentive expenses), Spreadtrum’s net profit for the third quarter was 43.5 million U.S. dollars, compared with 22.9 million U.S. dollars in the same period of last year, and 35.5 million U.S. dollars for the previous quarter.

- In accordance with U.S. GAAP, Spreadtrum’s diluted earnings per ADS for the third quarter was US$0.83. Diluted earnings per ADS for the same period last year were US$0.43. Diluted earnings per ADS for the previous quarter It's $0.65.

Performance Outlook:

Spreadtrum Communications expects revenue for the fourth quarter of fiscal 2011 to be between $188 million and $194 million, with a gross margin of approximately 41%.

telephone conference:

After the financial report is released, Spreadtrum will hold a conference call at 20:00 U.S. Eastern Time on November 9, (9:00 November 10th, Beijing time). At that time, the management of Spreadtrum will attend the conference call, interpret the key points of the financial report, and answer questions from investors and analysts. To listen to the Spreadtrum teleconferencing conference call, U.S. and international investors can dial +1 718 354 1231, Chinese Hong Kong investors can call +852 2475 0994, Singapore investors can call +65 672 39381, and UK investors can call +44 (0 ) 808 234 6646, the passwords are "SPRD" or "Spreadtrum".

After the end of the conference call and before November 26, 2006, U.S. and international investors can call +1 718 354 1232 to listen to the teleconference teleconference recording. The password is “21737703”. In addition, investors can also visit the Spreadtrum Communications website. Com's investor relations channel, listening to the teleconference webcast and recording.