Country Style Cooking Restaurant Chain Reports Unaudited Second Quarter 2014 Financial Results

 Country Style Cooking Restaurant Chain Reports Unaudited Second Quarter 2014
                              Financial Results

2Q14 Revenues up 5.9% YoY to RMB345.0 Million

2Q14 Adjusted Net Income down 37.4% YoY to RMB7.7 Million

2Q14 Adjusted EBITDA down 20.3% to RMB22.5 Million

PR Newswire

CHONGQING, China, Aug. 15, 2014

CHONGQING, China, Aug. 15, 2014 /PRNewswire/ -- Country Style Cooking
Restaurant Chain Co., Ltd. (NYSE: CCSC) ("Country Style Cooking" "CSC" or the
"Company"), a fast-growing quick service restaurant chain in China, today
announced its unaudited financial results for the second quarter of 2014.

Second Quarter 2014 Financial Highlights

  oRevenues in the second quarter of 2014 were RMB345.0 million ($55.6
    million), an increase of 5.9% from RMB325.8 million in the same quarter of
    2013.
  oComparable restaurant sales decreased by 4.1% from the same quarter of
    2013. There were 220 restaurants in the comparison.
  oRestaurant level operating margin was 12.2%, a decrease of 170 basis
    points from the same quarter of 2013.
  oAdjusted EBITDA[1] was RMB22.5 million ($3.6 million) in the second
    quarter of 2014, a decrease of 20.3% from RMB28.2 million in the same
    quarter of 2013.
  oNet income for the second quarter of 2014 was RMB3.3 million ($536,000), a
    decrease of 56.0% from RMB7.5 million in the same quarter of 2013.
    Adjusted net income (non-GAAP), which excludes share-based compensation
    expenses, was RMB7.7 million ($1.2 million), a decrease of 37.4% from
    RMB12.3 million in the same quarter of 2013.
  oDiluted net income per American depositary share ("ADS") was RMB0.12
    ($0.02). Adjusted diluted net income per ADS (non-GAAP)[1], which excludes
    share-based compensation expenses, was RMB0.28 ($0.05). Each ADS
    represents four ordinary shares of the Company.
  oTotal number of restaurants increased by a net total of 14 in the second
    quarter of 2014 to 317 restaurants as of June 30, 2014, covering 30 cities
    and up from 268 restaurants as of June 30, 2013. Among the total 317
    restaurants, 64 are "Mr. Rice" branded restaurants.

[1] This release contains certain non-GAAP financial measures to provide
supplemental information regarding the Company's operating performance. For
more information on these non-GAAP financial measures, please see the section
captioned "Non-GAAP Disclosure" and the table captioned "Supplementary Metrics
- Reconciliations of GAAP to non-GAAP Financial Measures" set forth at the end
of this release.

Ms. Hong Li, Chairman and Chief Executive Officer of Country Style Cooking,
commented, "We are pleased to have managed year-over-year growth in revenue
for the second quarter of 2014 and remain on track with our restaurant
expansion plan. Comparable restaurant sales saw a decline of 4.1% for the
quarter, as customer traffic suffered in June stemming from higher levels of
rainy and cooler days in Southwest China where the majority of our restaurants
are located. This decline also impacted our profitability in the second
quarter. We believe the weather impact was a unique factor in our business
during the second quarter and as we enter our peak summer months, customer
traffic is expected to gradually recover. During the second quarter, we opened
17 new restaurants and closed three restaurants, resulting in a total
restaurant count of 317."

Mr. Adam Zhao, Chief Financial Officer of Country Style Cooking, added,
"Despite the unique weather impact, we saw encouraging signs from our Mr. Rice
brand stores with a 93% revenue increase in the second quarter compared to the
prior year period. We expect gradual improvement in our business enabling the
execution of our new store expansion plan for the full year."

Second Quarter 2014 Financial Performances

Revenues in the second quarter of 2014 increased by 5.9% to RMB345.0 million
($55.6 million) from RMB325.8 million in the same quarter of 2013. Revenue
growth was primarily supported by the Company's expanding restaurant network,
partially offset by declined customer traffic in the last month of the
reporting quarter. Among the revenue contributors, "Mr. Rice" branded
restaurants contributed RMB49.8 million ($8.0 million), a significant 92.5%
increase from RMB25.9 million in the same period last year. During the second
quarter of 2014, Country Style Cooking added a total of 17 restaurants and
closed three restaurants, bringing the total restaurant count to 317 as of
June 30, 2014, compared to its total restaurant count of 268 as of June 30,
2013. Restaurants opened in the second quarter included ten "Mr. Rice"
restaurants. Comparable restaurant sales decreased by 4.1% compared to the
same quarter of 2013, because of rainy and cooler weather in the Southwest
region of China in June which reduced restaurant customer traffic. There were
220 restaurants in the comparison.

Cost of food and paper increased by 3.9% to RMB157.0 million ($25.3 million)
in the second quarter of 2014 from RMB151.1 million in the same quarter of
2013, primarily due to the expansion of the Company's restaurant network. As a
percentage of revenues, cost of food and paper was 45.5% in the second quarter
of 2014, down from 46.4% in the prior year period.

Restaurant wages and related expenses increased by 14.2% to RMB74.7 million
($12.0 million) in the second quarter of 2014 from RMB65.4 million in the same
quarter of 2013. The increase was primarily due to increased wage levels and
the Company's overall expansion of its employee base. As a percentage of
revenues, restaurant wages and related expenses increased to 21.6% in the
second quarter of 2014 from 20.1% in the same quarter of 2013.

Restaurant rent expenses increased by 16.2% to RMB36.5 million ($5.9 million)
in the second quarter of 2014 from RMB31.4 million in the same quarter of
2013. The increase was primarily due to the expansion of the Company's
restaurant network. As a percentage of revenues, restaurant rental expenses
increased to 10.6% in the second quarter of 2014 from 9.6% in the second
quarter of 2013.

Restaurant utility expenses increased by 5.3% to RMB20.9 million ($3.4
million) in the second quarter of 2014 from RMB19.9 million in the same
quarter of 2013. As a percentage of revenues, restaurant utility expenses
stood at 6.1%.

Other restaurant operating expenses increased by 7.4% to RMB13.8 million ($2.2
million) in the second quarter of 2014 from RMB12.8 million in the same
quarter of 2013. As a percentage of revenues, other restaurant operating
expenses increased slightly to 4.0% in the second quarter of 2014 from 3.9% in
the second quarter of 2013.

Restaurant-level operating margin was 12.2% in the second quarter of 2014, a
decrease of 170 basis points over the same quarter of 2013. The decline in
restaurant-level operating margin was primarily due to weather impacted weaker
sales and the CPI driving labor and raw material costs.

Selling, general and administrative (SG&A) expenses increased by 11.1% to
RMB20.6 million ($3.3 million) in the second quarter of 2014 from RMB18.5
million in the same quarter of 2013. The increase was primarily due to an
increase in share-based compensation expenses included in SG&A, an increase in
disposal losses on leasehold improvements and equipment of closed stores, and
an increase in miscellaneous expenses. As a percentage of revenues, SG&A
expenses were 6.0% in the second quarter of 2014, compared to 5.7% in the
second quarter of 2013.

Pre-opening expense for the second quarter of 2014 was RMB3.3 million
($539,000), representing an increase of 45.0% as compared to RMB2.3 million in
the same quarter of 2013, primarily because of more new store openings
compared to the prior year period. As a percentage of revenues, pre-opening
expense increased slightly to 1.0% in the second quarter of 2014, compared to
0.7% in the same quarter of 2013.

Depreciation expense for the second quarter of 2014 was RMB19.3 million ($3.1
million), representing an increase of 13.8% as compared to RMB17.0 million in
the same quarter of 2013, primarily because of the increase in total fixed
assets as a result of restaurant network expansion and ongoing investment in
the Company's central kitchen facility. As a percentage of revenues,
depreciation expense was 5.6% in the second quarter of 2014, compared to 5.2%
in the same quarter of 2013.

Property and equipment impairment charges were RMB1.4 million ($226,000) in
the second quarter of 2014, representing costs related to asset impairment of
three restaurants, one of which the Company plans to close in the third
quarter of 2014.

Loss from operations for the second quarter of 2014 was RMB2.6 million
($420,000), compared to operating income of RMB5.9 million in the same quarter
of 2013.

Interest income for the second quarter of 2014 was RMB6.8 million ($1.1
million), representing a decrease of 7.2% from RMB7.3 million in the same
quarter of 2013.

Foreign currency exchange gain for the second quarter of 2014 was RMB4,000
($686), as compared to a loss of RMB1.4 million in the same quarter of 2013.

Other income for the second quarter of 2014 was RMB972,000 ($157,000),
compared to a loss of RMB206,000 in the same quarter of 2013.

Income tax expense in the second quarter of 2014 was RMB1.8 million
($293,000), compared to RMB4.0 million in the same quarter of 2013.

Net income was RMB3.3 million ($536,000), representing a decrease of 56.0%
from RMB7.5 million in the second quarter of 2013. Adjusted net income
(non-GAAP), which excludes share-based compensation expenses, was RMB7.7
million ($1.2 million) in the second quarter of 2014, representing a decrease
of 37.4% from RMB12.3 million in the second quarter of 2013.

Diluted net income per ADS in the second quarter of 2014 was RMB0.12 ($0.02),
compared to RMB0.29 in the second quarter of 2013. Adjusted diluted net income
per ADS (non-GAAP), which excludes share-based compensation expenses, was
RMB0.28 ($0.05) in the second quarter of 2014, compared to RMB0.47 in the
second quarter of 2013. The Company had approximately 27.0 million diluted
weighted average ADSs outstanding during the quarter ended June 30, 2014.

EBITDA (non-GAAP), defined as net income before interest, income tax expense,
depreciation and amortization, was RMB17.7 million ($2.9 million) in the
second quarter of 2014, compared to RMB21.2 million from the same quarter of
2013. Adjusted EBITDA (non-GAAP), defined as EBITDA excluding foreign exchange
gain or loss, other income or loss, property and equipment impairment charges,
and share-based compensation expenses, was RMB22.5 million ($3.6 million) in
the second quarter of 2014, representing a decrease of 20.3% from RMB28.2
million in the same quarter of 2013.

As of June 30, 2014, the Company had cash, cash equivalents and short-term
investments of RMB587.7 million ($94.7 million), compared to RMB581.9 million
as of December 31, 2013.

Net cash provided by operating activities was RMB72.5 million ($11.7 million)
for the six months ended June 30, 2014, down from RMB84.3 million in the same
period of 2013.

Outlook

For the third quarter of 2014, the Company currently estimates that revenues
will be between RMB 400-420 million ($64.5-$67.7 million), representing a
year-over-year growth of between approximately 2.4% and 7.5%. The Company
remains on track to open approximately 60 new restaurants in 2014.

These forecasts reflect the Company's current and preliminary view, which are
subject to change.

Definitions

The following definitions apply to these terms used throughout this release:

Comparable restaurants are defined as restaurants that were open throughout
the periods under comparison. A restaurant is included in the comparison once
it has been in operation for 12 full months before the start of the quarter.
Comparable restaurants exclude (i) restaurants whose operational area has
increased or decreased by more than 5% during the periods under comparison
(ii) restaurants that were closed for more than 5% of total days in any period
under comparison.

Restaurant level operating margin represents total revenue less restaurant
operating costs (including food and paper, restaurant wages and related
expenses, restaurant rent expenses, restaurant utilities expenses and other
restaurant operating expenses), expressed as a percentage of total revenues.

Basic net income per ADS are computed by dividing the net income by the
weighted average number of ADS outstanding during the year. Diluted net income
per ADS is computed using the more dilutive of the two-class method or the
if-converted method.

Exchange Rate

This announcement contains translations of certain Renminbi amounts into US
dollars at specified rates solely for the convenience of readers. Unless
otherwise noted, all translations from Renminbi to US dollars in this
announcement were made at the noon buying rate of RMB6.2036 to US$1.00 on June
30, 2014 in the City of New York for cable transfers in Renminbi per U.S.
dollar as certified for customs purposes by the Federal Reserve Bank of New
York.

Conference Call

The Company will host a conference call at 8:30 am, Eastern Time on August 15,
2014, which is 8:30 pm, Beijing Time on August 15, 2014, to discuss second
quarter 2014 results and answer questions from investors. Listeners may access
the call by dialing:

US:            1 877 870 4263
International: 1 412 317 0790
Hong Kong:     800 905 945
China:         400 120 1203
Passcode:      Country Style Cooking Restaurant Chain Co., Ltd

A telephone replay will be available one hour after the conclusion of the
conference all through 9:30 am, Eastern Time on August 22, 2014. The dial-in
details are:

US:            1 877 344 7529
International: 1 412 317 0088
Passcode:      10050778

A live and archived webcast of the conference call will be available at
http://ir.csc100.com.

About Country Style Cooking Restaurant Chain Co., Ltd.

Country Style Cooking Restaurant Chain Co., Ltd. (NYSE: CCSC) ("Country Style
Cooking") is a fast-growing quick service restaurant chain in China, offering
delicious, everyday Chinese food to customers who desire fast and affordable
quality meals. Country Style Cooking directly operates all of its restaurants
under brands of CSC and Mr. Rice and is the largest quick service restaurant
chain in Chongqing municipality, home to Sichuan cuisine, one of the
best-known Chinese regional cuisines. Additional information about Country
Style Cooking can be found at http://ir.csc100.com.

Contact:

Country Style Cooking Restaurant Chain Co., Ltd.
Adam Zhao
Chief Financial Officer
Phone: +86-23-8866-8866
Email: ir@csc100.com

ICR Inc.
Bill Zima
Phone: +86-10-6583-7511 or +1-646-328-2520
E-mail: bill.zima@icrinc.com

Non-GAAP Disclosure

To supplement the unaudited consolidated financial information presented in
accordance with United States Generally Accepted Accounting Principles
("GAAP"), the Company uses the following measures defined as non-GAAP measures
under Regulation G and Item 10(e) of Regulation S-K of SEC: adjusted net
income, adjusted diluted earnings per ADS, EBITDA and adjusted EBITDA. The
presentation of these non-GAAP financial measures is not intended to be
considered in isolation or as a substitute for the financial information
prepared and presented in accordance with GAAP. We define adjusted net income
as net income excluding share-based compensation expenses and one-time tax
levy/(benefit). We define adjusted diluted earnings per ADS as diluted
earnings per ADS excluding share-based compensation expenses and one-time tax
levy/(benefit). We define EBITDA as earnings before interest, income tax
expense, depreciation and amortization. We define adjusted EBITDA as EBITDA
excluding foreign exchange gain or loss, other income or expense, property and
equipment impairment charges, goodwill impairment and share-based compensation
expenses. For more information on these non-GAAP financial measures, please
see the tables captioned "Supplementary Metrics - Reconciliations of GAAP to
non-GAAP Financial Measures" set forth at the end of this release.

The Company believes that in conjunction with GAAP financial measures, these
non-GAAP financial measures provide meaningful supplemental information
regarding its operating performance and liquidity. The Company believes that
both management and investors benefit from referring to these non-GAAP
financial measures in assessing its performance and when planning and
forecasting future periods. These non-GAAP financial measures also facilitate
management's internal comparisons to the Company's historical performance and
liquidity. Management uses both GAAP and non-GAAP information in evaluating
and operating the business internally and therefore deems it important to
provide all of these information to investors. Management also believes that
these non-GAAP financial measures facilitate comparisons to the Company's
historical performance.

One of the limitations of using adjusted net income, adjusted diluted earnings
per ADS, EBITDA and adjusted EBITDA is that they do not include all items that
impact the Company's net income for the relevant periods. They exclude certain
items including share-based compensation charges that have been and will
continue to be for the foreseeable future a significant recurring expense in
our business. In addition, the Company's EBITDA and adjusted EBITDA may not be
comparable to EBITDA, adjusted EBITDA or similarly titled measures utilized by
other companies since such other companies may not calculate EBITDA and
adjusted EBITDA in the same manner as the Company does. Management compensates
for these limitations by providing specific information regarding the GAAP
amounts excluded from each non-GAAP measure. The accompanying tables have more
details on the reconciliations between GAAP financial measures that are most
directly comparable to non-GAAP financial measures.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are
made under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar statements. Among
other things, the outlook for the third quarter 2014, quotations from
management in this announcement, as well as Country Style Cooking's strategic
and operational plans, contain forward-looking statements. The Company may
also make written or oral forward-looking statements in its reports filed
with, or furnished to, the U.S. Securities and Exchange Commission, in its
annual reports to shareholders, in press releases and other written materials
and in oral statements made by its officers, directors or employees to third
parties. Statements that are not historical facts, including statements about
the Company's beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties. A number
of factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not limited to the
following: uncertainties regarding our ability to open and profitably operate
new restaurants and manage our growth effectively and efficiently; risks
associated with changing consumer taste and discretionary spending;
uncertainties regarding our ability to maintain and enhance the attractiveness
of our restaurants and our brand and image; risks related to instances of
food-borne illnesses, health epidemics and other outbreaks; uncertainties
regarding our ability to respond to competitive pressures; and uncertainties
associated with factors typically affecting the consumer food services
industry in general. Further information regarding these and other risks is
included in the Company's reports filed with, or furnished to the Securities
and Exchange Commission. All information provided in this press release and in
the attachments is as of the date of this press release, and Country Style
Cooking undertakes no duty to update such information, except as required
under applicable law.



Condensed Consolidated Balance Sheets
(Amounts in thousands, except shares data)
(Unaudited)
                                        As of December 31,  As of June 30,
                                        2013                2014
                                        RMB                 RMB        US$
ASSETS
Current assets:
Cash and cash equivalents              372,493             320,859    51,721
Short-term investments                 209,381             266,798    43,007
Due from related parties               58                  93         15
Inventories                            52,579              53,715     8,659
Prepaid rent                           14,336              12,900     2,079
Prepaid expenses and other current     22,714              25,644     4,134
assets
Deferred tax assets-current            1,879               1,879      303
Total current assets                    673,440             681,888    109,918
Property and equipment, net             398,555             420,936    67,854
Goodwill                                5,563               5,563      897
Deferred tax assets - non current       7,592               7,592      1,224
Deposits for leases – non current       21,286              30,390     4,899
Total assets                            1,106,436           1,146,369  184,792
Current liabilities:
 Accounts payable                      54,176              59,455     9,584
 Deferred revenue                      6,410               12,836     2,069
 Accrued payroll                       27,631              28,469     4,589
 Income taxes payable                  7,911               3,053      492
 Other current liabilities             51,240              52,001     8,383
Total current liabilities               147,368             155,814    25,117
Deferred rent - non current             23,897              27,194     4,384
Prepaid subscription – non current      12                  -          -
Advanced receipts from depositary bank  2,702               2,493      402
Total liabilities                       173,979             185,501    29,903
Equity:
Ordinary shares ($0.001 par value,
1,000,000,000
shares authorized, 106,296,674 and
106,621,026 shares issued and         756                 758        122
outstanding as of
December 31, 2013 and June 30, 2014,
respectively)
 Additional paid-in capital            743,219             756,373    121,925
 Retained earnings                     197,618             212,576    34,267
 Accumulated other comprehensive loss  (9,136)             (8,839)    (1,425)
Total equity                            932,457             960,868    154,889
Total liabilities and equity            1,106,436           1,146,369  184,792



Condensed Consolidated Statements of Income
(Amounts in thousands, except percentages, shares, per share and per ADS data)
(Unaudited)
                     For the three months ended June 30,
                     2013                   2014
                     RMB           %        RMB          %        US$
Revenue - restaurant 325,844       100.0    344,992      100.0    55,612
sales
Costs and expenses:
 Restaurant
expenses:
 Food and      151,095       46.4     157,011      45.5     25,310
paper expense
 Restaurant
wages and related    65,432        20.1     74,723       21.6     12,045
expenses^1
 Restaurant    31,399        9.6      36,492       10.6     5,882
rent expense
 Restaurant    19,896        6.1      20,946       6.1      3,376
utilities expense
 Other
restaurant operating 12,821        3.9      13,771       4.0      2,220
expenses
 Selling, general
and administrative   18,535        5.7      20,597       6.0      3,320
expenses^1
 Pre-opening       2,306         0.7      3,343        1.0      539
expense
 Depreciation      16,978        5.2      19,318       5.6      3,114
 Property and
equipment impairment 1,470         0.5      1,404        0.4      226
charges
Total operating      319,932       98.2     347,605      100.8    56,032
expenses
Income/(loss) from   5,912         1.8      (2,613)      (0.8)    (420)
operations
Interest income      7,293         2.2      6,770        2.0      1,091
Foreign exchange     (1,440)       (0.4)    4            0.0      1
gain/(loss)
Other income /       (206)         (0.1)    972          0.3      157
(expense)
Income before income 11,559        3.5      5,133        1.5      829
taxes
Income tax expense   4,025         1.2      1,816        0.5      293
Net income           7,534         2.3      3,317        1.0      536
Basic net income per 0.07                   0.03                  0.005
share
Diluted net income   0.07                   0.03                  0.005
per share
Basic net income per 0.29                   0.12                  0.02
ADS
Diluted net income   0.29                   0.12                  0.02
per ADS
Basic weighted
average ordinary     104,630,867            106,553,488           106,553,488
shares
outstanding
Diluted weighted
average ordinary     105,569,206            108,002,156           108,002,156
shares
outstanding
^1 Includes share-based compensation expenses of RMB3.9 million and RMB4.4
million ($0.7 million) for the three months ended June 30, 2013 and 2014,
respectively.



Consolidated Statements of Comprehensive Income
(Amounts in thousands)
(Unaudited)
                                           For the three months ended June 30,
                                           2013           2014
                                           RMB            RMB           US$
Net income                                 7,534          3,317         536
Other comprehensive income/(loss), net of
tax:
 Foreign currency translation          (385)          5             1
adjustments
Comprehensive income                       7,149          3,322         537



Condensed Consolidated Cash Flow Statements
(Amounts in thousands)
(Unaudited)
                                             For the six months ended June 30,
                                             2013         2014
                                             RMB          RMB         US$
Operating activities:
 Net income                                9,529        14,958      2,411
 Adjustments to reconcile net income to
net cash
provided by operating activities:
 Loss on disposals of property and      2,983        1,603       258
equipment
 Property and equipment impairment      5,451        2,776       447
charges
 Depreciation                           34,509       38,326      6,178
 Deferred income tax                    (2,050)      -           -
 Share based compensation               7,729        11,707      1,887
 Changes in operating assets and
liabilities:
 Due from related parties               (282)        (35)        (6)
 Inventories                            541          1,589       256
 Prepaid rent                           (219)        1,436       231
 Prepaid expenses and other current     (2,119)      (2,930)     (472)
assets
 Deposits for leases                    (529)        (9,104)     (1,468)
 Accounts payable                       16,855       5,279       851
 Deferred revenue                       4,526        6,427       1,036
 Due to related parties                 (25)         -           -
 Accrued payroll                        2,365        838         135
 Income taxes payable                   (1,600)      (4,857)     (783)
 Deferred rent                          2,377        3,521       568
 Other liabilities                      4,297        941         153
Net cash provided by operating activities    84,338       72,475      11,682
Investing activities:
 Purchase of property and equipment        (39,896)     (68,578)    (11,055)
 Proceeds from disposals of property and   129          210         34
equipment
 Purchase of short-term investment         (308,178)    (584,748)   (94,259)
 Withdrawal of short-term investment       290,576      527,331     85,004
Net cash used in investing activities        (57,369)     (125,785)   (20,276)
Financing activity:
 Proceeds from exercise of employee stock  1,090        1,377       222
options
Net cash provided by financing activity:     1,090        1,377       222
Effect of exchange rate                      (473)        299         48
Net increase / (decrease) in cash and cash   27,586       (51,634)    (8,324)
equivalents
Cash and cash equivalents, beginning of year 229,367      372,493     60,045
Cash and cash equivalents, end of year       256,953      320,859     51,721



Supplementary Metrics - Reconciliations of GAAP to non-GAAP Financial Measures
(Amounts in thousands, except ADSs and per ADS data)
                                            Three months ended June 30,
                                            2013        2014
                                            RMB         RMB         US$
Net income                                  7,534       3,317       536
Share-based compensation expenses:
Restaurant wages and related expenses       1,087       1,131       182
Selling, general and administrative         2,767       3,237       522
expenses
Exceptional tax expense                     898         -           -
Adjusted net income (non-GAAP)              12,286      7,685       1,240
Diluted net income per ADS                  0.29        0.12        0.02
Adjusted diluted net income per ADS         0.47        0.28        0.05
(non-GAAP)
Diluted weighted average ADSs outstanding   26,392,302  27,000,539  27,000,539
                                            Three months ended June 30,
                                            2013        2014
                                            RMB         RMB         US$
Net income                                  7,534       3,317       536
Income tax expense                          4,025       1,816       293
Interest income                             (7,293)     (6,770)     (1,091)
Depreciation and amortization               16,978      19,318      3,114
EBITDA (non-GAAP)                           21,244      17,681      2,852
EBITDA (non-GAAP)                           21,244      17,681      2,852
Foreign exchange loss/(gain)                1,440       (4)         (1)
Other expense / (income)                    206         (972)       (157)
Property and equipment impairment charges   1,470       1,404       226
Share-based compensation expenses
Restaurant wages and related expenses       1,087       1,131       182
Selling, general and administrative         2,767       3,237       522
expenses
Adjusted EBITDA (non-GAAP)                  28,214      22,477      3,624

SOURCE Country Style Cooking Restaurant Chain Co., Ltd.

Website: http://ir.csc100.com
 
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