ChinaCache International Holdings Ltd. announced unaudited and consolidated financial results for the fourth quarter and full year ended December 31, 2011. Net revenues for the fourth quarter 2011 were RMB 179.6 million ($28.5 million), representing a 12.0% increase from the third quarter of 2011 and a 48.1% increase from RMB 121.2 million for the corresponding period in 2010. Net revenue growth was primarily driven by online video business within the Media and Entertainment vertical as well as the Enterprises and E-commerce vertical. Operating profit was RMB 0.2 million ($0.03 million) in the fourth quarter of 2011, compared to an operating profit of RMB 6.7 million in the previous quarter and an operating profit of RMB 4.7 million in the corresponding period in 2010. Non-GAAP operating profit, which excludes share-based compensation expenses and post-acquisition settlement consideration, was RMB 6.5 million ($1.0 million), compared with RMB 12.8 million in the third quarter and RMB 8.0 million in the corresponding period in 2010. Net profit was RMB 19.5 million in the fourth quarter of 2011, compared to a net profit of RMB 3.4 million in the third quarter of 2011 and a net profit of RMB 6.2 million in the corresponding period in 2010. Net income from continuing operations in the fourth quarter was a loss of RMB 11.4 million ($1.8 million), compared to income of RMB 3.4 million in the third quarter of 2011 and RMB 4.3 million in the corresponding period in 2010. Basic and diluted loss per American depositary share from continuing operations for the fourth quarter of 2011 was RMB 0.49 and RMB 0.49, respectively. Adjusted or Non-GAAP net income, 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 a loss of RMB 3.5 million ($0.6 million), compared to an adjusted net income of RMB 11.0 million in the third quarter of 2011 and RMB 15.9 million in the corresponding period in 2010. Non-GAAP basic and diluted loss per ADS for the fourth quarter of 2011 amounted to RMB 0.15 ($0.02) and RMB 0.15 ($0.02), respectively. Adjusted EBITDA was RMB 19.4 million ($3.1 million) compared to an adjusted EBITDA of RMB 31.1 million in the third quarter of 2011 and RMB 28.4 million in the corresponding period in 2010. Loss from continuing operations before income taxes was $5.667 million against profit of $0.987 million for the same period of last year. Capital expenditures, related to additions of property and equipment was $17.661 million against of $57.636 million for the same period of last year. For the full year of 2011, net revenues were RMB 618.4 million ($98.3 million), representing a 56.5% increase from RMB 395.1 million for the previous year. Adjusted EBITDA in 2011 was RMB 106.1 million ($16.9 million), a 1.2% decrease from the previous year. Net income in 2011 was RMB 20.5 million ($3.3 million), compared to a net loss of RMB 92.2 million in 2010. Loss from continuing operations in 2011 was RMB 11.5 million ($1.8 million), compared to RMB 58.4 million in 2010. Adjusted net income was RMB 28.1 million ($4.5 million) in 2011, compared to RMB 58.3 million in 2010. Operating income was loss $8.228 million against of $67.885 million for the same period of last year. Loss from continuing operations before income taxes was $0.369 million against of $70.018 million for the same period of last year. Net loss from continuing operations was $11.514 or $0.48 per diluted share million against of $58.420 or $9.50 per diluted share million for the same period of last year. Capital expenditures, related to additions of property and equipment was $56.660 million against of $77.344 million for the same period of last year. ChinaCache currently expects to generate total net revenues ranging from RMB 178 million ($28.3 million) to RMB 183 million ($29.1 million) for the first quarter of 2012, representing approximately a -1% to 2% increase from the fourth quarter of 2011, and approximately a 33% to 37% increase year-over-year. This forecast reflects ChinaCache's current and preliminary view, which is subject to change.