First quarter 2016 Financial Highlights

·Net revenues were $30.7 million, an increase of 124.2% year-over-year.
·Revenues from financial services were $ 26.8 million, an increase of 181.8% year-over-year.
·Revenues from financial information and advisory business were $3.2 million, an increase of 46.3% year-over-year.
·Gross margin was 84.3%, compared with 75.0% in the first quarter of 2015.
·Net income attributable to China Finance Online was $ 2.0 million, compared with a net loss of US$1.3 million in the first quarter of 2015.

Mr. Zhiwei Zhao, Chairman and CEO of China Finance Online commented, “We had a strong start to the year with revenues from our financial services and financial information and advisory businesses increase significantly on a year-over-year basis. I believe this demonstrates the value our services provide as investors increasingly turn to us for professional advice and information during periods of market volatility. iTouGu continued to grow steadily and now has 4.4 million activated users.”
Mr. Zhao continued, “To further diversify our FinTech strategy during the quarter, we began developing a robo-advisor investment service which provides automated customizable investment solutions based on proprietary algorithms and investment strategies. We believe that with the right corporate strategy and teams, these technologies will allow us to set the pace in developing a low-cost, high-efficiency, and personalized wealth management service in China.”
First Quarter 2016 Financial Results
Net revenues were $ 30.7 million, an increase of 124.2% from $13.7 million during the first quarter of 2015 and a decrease of 8.7% from $ 33.6 million during the fourth quarter of 2015. During the first quarter of 2016, revenues from financial services, financial information and advisory business and advertising services contributed 87%, 10% and 2% of the net revenues, respectively, compared with 69%, 16% and 15%, respectively, for the corresponding period in 2015.

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