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Last $17.03 USD
Change Today +0.13 / 0.77%
Volume 7.3K
LONG On Other Exchanges
As of 8:10 PM 10/2/15 All times are local (Market data is delayed by at least 15 minutes).

elong inc-sponsored adr (LONG) Key Developments

eLong Inc. Announces Management Changes

eLong Inc. announced the appointment of Mr. Hao Jiang, the current eLong Inc. Chief Executive Officer, as a director and Mr. Adam J. Zhao as an independent director, effective August 10, 2015 and August 13, 2015, respectively. Mr. Adam J. Zhao has been the chief financial officer and board secretary of PapayaMobile since December 2014. Prior to joining PapayaMobile, Mr. Zhao was the CFO and board secretary of Country Style Cooking Restaurant Chain, beginning in January 2012. The company also announced that its board of directors has formed a special committee consisting of three independent and disinterested directors, Ms. May Wu, Mr. Shengli Wang and Mr. Adam J. Zhao, to consider the previously-announced non-binding "going private" proposal from Tencent Holdings Limited that the board received on August 3, 2015. Ms. May Wu will be the chairman of the special committee. The special committee intends to retain independent legal and financial advisors in due course, to assist it in this process.

eLong Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

eLong Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. Net revenues for the second quarter decreased 25% to RMB 218.5 million compared to RMB 292.4 million in the second quarter of 2014. Net loss was RMB 356.4 million, compared to net income of RMB 31.5 million during the prior year quarter. Basic net loss per ADS and diluted net loss per ADS for the second quarter of 2015 were each RMB 9.82 compared to basic net income per ADS and diluted net income per ADS was RMB 0.90 and RMB 0.88 respectively in the prior year quarter. Loss from operations was RMB 377,162,000 against income of RMB 1,875,000 a year ago. Loss before income tax expense was RMB 357,133,000 against income of RMB 23,831 a year ago. Net loss attributable to company was $356,359,000 against income of RMB 31,462,000 a year ago. Adjusted LBITDA was RMB 172,399,000 against adjusted EBITDA of RMB 47,038,000 a year ago. For the six-month period, the company reported total revenues of RMB 459,949,000 against RMB 575,128,000 a year ago. Loss from operations was RMB 629,471,000 against RMB 45,052,000 a year ago. Loss before income tax expense was RMB 523,146,000 against loss of RMB 4,783,000 a year ago. Net loss attributable to company was $537,066,000 or RMB 7.43 diluted per share against RMB 3,907,000 or RMB 0.06 diluted per share a year ago. Diluted loss per ADS was RMB 14.86 compared to RMB 0.12 a year ago.

eLong Inc. to Report Q2, 2015 Results on Aug 03, 2015

eLong Inc. announced that they will report Q2, 2015 results at 10:00 AM, US Eastern Standard Time on Aug 03, 2015

eLong Inc., Q2 2015 Earnings Call, Aug 03, 2015

eLong Inc., Q2 2015 Earnings Call, Aug 03, 2015

eLong Inc. Announces Executive Changes

eLong Inc. announced the appointment of Mr. Hao Jiang as its Chief Executive Officer, effective July 8, 2015. eLong also announced that Mr. Guangfu Cui, its former Chief Executive Officer, will continue to provide services to the Company as a consultant. Mr. Jiang's qualifications, including his extensive experience in and deep knowledge of China's online travel industry, and expertise in product development and software.


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