China Finance Online Co., LTD. Reports 2010 Second Quarter Financial Results
Beijing, China, August 19, 2010 — China Finance Online Co., Ltd. (“China Finance Online”,
the “Company”) (NASDAQ: JRJC), the technology-driven, user-focused market leader in China
in providing vertically integrated financial services and products including news, data, analytics and
brokerage through web portals, software systems, and mobile handsets, today announced its
unaudited financial results for the second quarter and six months ended June 30, 2010.
2010 Second Quarter Financial and Operating Highlights
Second Quarter Results
As of June 30, 2010, registered user accounts on the Company’s web portals (jrj.com and
stockstar.com) were 16.83 million, increased by 35.7% from 12.40 million at June 30, 2009. Active
paid subscribers were approximately 139,800 as of June 30, 2010, a 27.2% gain from 109,900 at
June 30, 2009. As of June 30, 2010, Daily Growth had approximately 2,070 customer accounts.
Net revenues for the second quarter of 2010 increased by 24.4% to $15.3 million from $12.3 million
for the comparable period in 2009, and slightly up from $15.2 million for the first quarter of 2010. The
main sources of the Company’s income were from subscription fees from individual customers,
subscription fees from institutional customers, advertising revenues and brokerage commissions,
and they contributed to 80%, 4%, 11% and 5% to the total revenues, respectively, compared to 90%,
2%, 6%, and 2% for the comparable period in 2009. The revenues from all the sectors have
increased for the second quarter of 2010, compared to the same period in 2009. Subscription fees
from individual customers increased $1.2 million, up 10.8%; the subscription fees from institutional
customers increased $0.28 million, up 102.2%; the advertising revenues increased $0.92 million, up
118.2%; and brokerage commissions increased $0.55 million, up 268%.
Registered user accounts increased to 16.83 million as of Ju