May 28, 2016 7:15 AM ET

Internet Software and Services

Company Overview of SouFun Holdings Ltd.

Company Overview

SouFun Holdings Limited operates a real estate Internet portal, and home furnishing and improvement Websites in the People’s Republic of China. The company offers e-commerce services, including free and paid SouFun membership services comprising regular updates regarding local property developments, tours to visit property developments, other services relating to property purchases, offers to purchase properties at a discount from its partner developers, and information and related services to facilitate property purchases; direct sales services for new homes; and real estate online brokerage services. It also provides marketing services on its Websites and mobile apps, primarily through adv...

F9M, Building 5

Zone 4, Hanwei International Plaza

No. 186 South 4th Ring Road

Fengtai District

Beijing,  100070

China

Founded in 1999

40,351 Employees

Phone:

86 10 5631 8000

Key Executives for SouFun Holdings Ltd.

SouFun Holdings Ltd. does not have any Key Executives recorded.

SouFun Holdings Ltd. Key Developments

SouFun Holdings Ltd. announced delayed 20-F filing

On 05/02/2016, SouFun Holdings Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.

SouFun Holdings Limited Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Revenue Guidance for the Year 2016

SouFun Holdings Limited announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported total revenues of $300,662,000 against $222,976,000 a year ago. Operating loss was $32,569,000 against income of $107,595,000 a year ago. Loss before income taxes and non-controlling interests was $31,288,000 against income of $106,070,000 a year ago. Net loss attributable to the company shareholders was $38,814,000 or $0.44 diluted per share for Class A and Class B ordinary shares against income of $82,504,000 or $0.92 diluted per share for Class A and Class B ordinary shares a year ago. Diluted loss per ADS was $0.09 against earnings of $0.18 a year ago. Non-GAAP loss from operations was $31,713,000 against income of $107,777,000 a year ago. Non-GAAP net loss attributable to the company shareholders was $68,894,000 or $0.78 diluted per share for Class A and Class B ordinary shares against income of $95,178,000 or $1.04 diluted per share for Class A and Class B ordinary shares a year ago. Non-GAAP diluted loss per ADS was $0.16 against earnings of $0.21 a year ago. Adjusted LBITDA was $24,953,000 against adjusted EBITDA of $112,197,000 a year ago. Total revenues representing an increase of 34.8% was primarily driven by the growth in e-commerce services, partially offset by the decline in marketing services and listing services. Net cash used in operating activities was $31.6 million for the quarter ended December 31, 2015, compared to net cash generated in operating activities $5 million for the same period in 2014. The decline in cash flows from operating activities was primarily due to a $37.1 million decrease in cash flows due to the increase of loans receivables provided to home buyers under the financial services program and 21.1 million increase in cash flow due to increase of customers' refundable fees, which was partially offset by the increase in defer revenue of 35.0 million in the fourth quarter of 2014. For the year, the company reported total revenues of $883,510,000 against $702,883,000 a year ago. Operating loss was $34,515,000 against income of $309,534,000 a year ago. Loss before income taxes and non-controlling interests was $21,079,000 against income of $334,827,000 a year ago. Net loss attributable to the company shareholders was $15,137,000 or $0.18 diluted per share for Class A and Class B ordinary shares against income of $253,218,000 or $2.81 diluted per share for Class A and Class B ordinary shares a year ago. Diluted loss per ADS was $0.04 against earnings of $0.56 a year ago. Non-GAAP loss from operations was $30,507,000 against income of $314,215,000 a year ago. Non-GAAP net loss attributable to the company shareholders was $73,624,000 or $0.86 diluted per share for Class A and Class B ordinary shares against income of $284,823,000 or $3.09 diluted per share for Class A and Class B ordinary shares a year ago. Non-GAAP diluted loss per ADS was $0.17 against earnings of $0.62 a year ago. Adjusted LBITDA was $9,563,000 against adjusted EBITDA of $333,000,000 a year ago. Total revenues were representing an increase of 25.7% primarily driven by the growth in e-commerce services and financial services. Cash used in operating activities was $165.4 million for 2015, a 177% decrease from $214.4 million for 2014. The decline in cash flows from operating activities was primarily due to a $240.7 million decrease in cash flows due to the increase of loans receivables provided to home buyers under the financial services program in 2014. The company provided earnings guidance for the year 2016. The company estimates its total revenue guidance for 2016 to be around $1,060.2 million, representing a year-on-year increase of 20.0%.

SouFun Holdings Ltd. Announces Resignation of Richard Jiangong Dai as Member of the Board of Director

SouFun Holdings Ltd. announced that Mr. Richard Jiangong Dai resigned from his position as a member of the Board of Director. He plans to focus on other professional commitments.

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Recent Private Companies Transactions

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Buyback
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