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1、BaiduAnnouncesFirstQuarter2012ResultsBEIJING,China,April24,2012–Baidu,Inc.(NASDAQ:BIDU),theleadingChineselanguageInternetsearchprovider,todayannounceditsunauditedfinancialresultsforthefirstquarterended1March31,2012.FirstQuarter2012Highlights?Totalrevenuesinthefirstquarterof2012wereRMB4.2
2、64billion($677.1million),a75.0%increasefromthecorrespondingperiodin2011.?Operatingprofitinthefirstquarterof2012wasRMB2.091billion($332.1million),a75.1%increasefromthecorrespondingperiodin2011.?NetincomeattributabletoBaiduinthefirstquarterof2012wasRMB1.883billion($299.0million),a75.9%incr
3、easefromthecorrespondingperiodin2011.DilutedearningsattributabletoBaiduperADSforthefirstquarterof2012wereRMB5.38($0.85);dilutedearningsattributabletoBaiduperADSexcludingshare-basedcompensationexpenses(non-GAAP)forthefirstquarterof2012wereRMB5.48($0.87).“We’vestartedtheyearwithsolidfinanc
4、ialresultsandsteadybusinessprogress,”saidRobinLi,chairmanandchiefexecutiveofficerofBaidu.“Althoughthisisusuallyaseasonallyslowquarter,oureffectivesalesandmarketingeffortsenabledustoexpandourSMEcustomerbasesignificantly.”Mr.Licontinued,“China’sInternetlandscapeisevolvingquicklyandwearever
5、yexcitedaboutfast-emergingopportunitiesinareassuchasmobileandCloudComputing.WebelievethatBaiduisuniquelypositionedtocapturethisimmensegrowthpotentialintheChineseonlinemarket.”JenniferLi,Baidu’schieffinancialofficer,commented,“Wekeptupourpaceofinvestmentintalentandnetworkinfrastructureint
6、hefirstquarterinsupportofourlong-termgrowthinitiatives.Wearecommittedtothisaggressiveinvestmentstrategyfortheyearaheadandwillmaintainourfocusonmanagingoperationalefficiencytoensuresustainablegrowth.”FirstQuarter2012ResultsBaidureportedtotalrevenuesofRMB4.264billion($677.1million)forthefi
7、rstquarterof2012,representinga75.0%increasefromthecorrespondingperiodin2011.1ThisannouncementcontainstranslationsofcertainRMBamountsintoU.S.dollarsatspecifiedratessolelyfortheconvenienceofthereader.Unlessotherwisenoted,alltranslationsfromRMBtoU.S.dollarsaremadeatarateofRM
