ChinaCache International Holdings Ltd. announced unaudited consolidated financial results for the first quarter ended March 31, 2012. Net revenues for the first quarter of 2012 were RMB 182.0 million ($28.9 million) against RMB 133.459 million a year ago. Net revenue growth was primarily driven by strength in the enterprises and e-commerce vertical. Operating profit was RMB 4.9 million ($0.8 million) in the first quarter of 2012, compared to an operating profit of RMB 0.2 million in the previous quarter and an operating profit of RMB 2.9 million in the corresponding period in 2011. Non-GAAP operating profit, which excludes share-based compensation expenses and post-acquisition settlement consideration, was RMB 11.2 million ($1.8 million), compared with RMB 6.5 million in the fourth quarter of 2011 and RMB 11.0 million in the corresponding period in 2011. Net income was RMB 2.5 million ($0.4 million) in the first quarter of 2012, compared to a net income of RMB 19.5 million in the fourth quarter of 2011 and a net income of RMB 3.2 million in the corresponding period in 2011. Net income from continuing operations in the first quarter was RMB 2.5 million ($0.4 million), compared to a loss of RMB 11.4 million in the fourth quarter of 2011 and an income of RMB 2.8 million in the corresponding period in 2011. Basic and diluted income per American depositary share from continuing operations for the first quarter of 2012 was RMB 0.11 ($0.02) and RMB 0.11 ($0.02), respectively. Adjusted net income (non-GAAP), defined as income from continuing operations before share-based compensation expenses, foreign exchange loss or gain, penalties on uncertain tax positions and post-acquisition settlement consideration, was RMB 8.6 million ($1.4 million), compared to a loss of RMB 3.5 million in the fourth quarter of 2011 and a profit of RMB 10.9 million in the corresponding period in 2011. Non-GAAP basic and diluted earnings per ADS in the first quarter of 2012 were RMB 0.38 ($0.06) and RMB 0.37 ($0.06), respectively. Adjusted EBITDA (non-GAAP), defined as EBITDA excluding share-based compensation expenses, foreign exchange loss or gain, penalties on uncertain tax positions and post-acquisition settlement consideration, was RMB 26.7 million ($4.2 million) compared to RMB 19.4 million in the fourth quarter of 2011 and RMB 27.1 million in the corresponding period in 2011. Capital expenditures for the first quarter of 2012 were RMB 12.0 million ($1.9 million) against RMB 16.639 million a year ago. Adjusted diluted per share was RMB 0.02 against RMB 0.03 a year ago. Diluted EPS from continuing operations was RMB 0.01 against RMB 0.01 a year ago. Diluted EPS was RMB 0.01 against RMB 0.01 a year ago. The company currently expects to generate total net revenues in the range of RMB 195 million ($31.0 million) to RMB 200 million ($31.7 million) for the second quarter of 2012, representing an increase of 7% to 10% from the first quarter of 2012, and an increase of approximately 34% to 38% year-over-year.