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 marketing services on its Websites, primarily through advertisements to real estate developers in the marketing phase of new property developments, as well as to real estate agencies; and suppliers of home furnishing and improvement, and other home-related products and services. It also provides 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 purchas...
F9M, Building 5
Zone 4, Hanwei International Plaza
No. 186 South 4th Ring Road
Founded in 1999
SouFun Holdings Ltd., Special/Extraordinary Shareholders Meeting, Jul 03, 2015
Jun 12 15
SouFun Holdings Ltd., Special/Extraordinary Shareholders Meeting, Jul 03, 2015., at 10:30 China Standard Time. Location: Building 5, Zone 4, Hanwei International Plaza. Agenda: To consider the approval of the company's 2015 stock incentive plan.
SouFun Holdings Ltd. Presents at Macquarie China Internet, Media and Technology Conference, Jun-22-2015
May 30 15
SouFun Holdings Ltd. Presents at Macquarie China Internet, Media and Technology Conference, Jun-22-2015 . Venue: Beijing, Shanghai, Beijing Province, China.
SouFun Holdings Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Revenue Guidance for 2015
May 20 15
SouFun Holdings Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $123,454,000 against $121,221,000 a year ago. Operating income was $7,476,000 against $49,519,000 a year ago. Income before income taxes and non-controlling interests was $11,707,000 against $56,723,000 a year ago. Net income attributable to the company shareholders was $6,107,000 or $0.07 per diluted Class A and B ordinary shares against $41,522,000 or $0.48 per diluted Class A and B ordinary shares a year ago. Non-GAAP income from operations was $7,910,000 against $51,043,000 a year ago. Non-GAAP net income was $7,524,000 against $47,838,000 a year ago. Non-GAAP net income attributable to the company shareholders was $7,546,000 or $0.07 per diluted Class A and B ordinary shares against $47,838,000 or $0.48 per diluted Class A and B ordinary shares a year ago. Adjusted EBITDA was $11,271,000 against $54,816,000 a year ago. Cash flow used in operating activities was $54.7 million compared to cash flow generated from operating activities of $126.2 million for the same period in 2014. The decline in cash flows from operating activities was primary due to a $35.4 million decrease of net income as compared to the first quarter of 2014, an approximately $28.6 million decrease in cash flows due to a decrease of deferred revenue and a net cash outflow of $25.5 million in loans provided to homebuyers under Internet financial programs.
The company adjusts its revenue guidance for 2015 from $773.2 million, representing a year-on-year increase of 10%, to $808.3 million, representing a year-on-year increase of 15%. This forecast reflects the company's current and preliminary view, which is subject to change.