Yucheng Technologies LTD (YTEC) [Rocket]

In millions, except per share items	Dec-31-11	Dec-31-10	Dec-31-09
	S-1/A	S-1/A	S-1/A
Revenues	566.7	403.6	354.5
Revenue growth	40.4%	13.9%
Cost of goods sold	298.1	206.6	191.3
Gross profit	268.6	197.0	163.1
Gross margin	47.4%	48.8%	46.0%
Selling, general and administrative [+]	189.7	149.2	158.3
Sales and marketing	52.8	44.8	41.1
General and administrative	136.9	104.5	117.2
Research and development	17.9	10.5	13.8
Equity in earnings	-7.6	-1.1	-7.7
EBITDA [+]	75.7	63.3	16.4
EBITDA growth	19.6%	285.5%
EBITDA margin	13.4%	15.7%	4.6%
Depreciation and amortization	22.2	27.1	33.1
EBIT [+]	53.4	36.1	-16.7
EBIT growth	47.9%	-316.6%
EBIT margin	9.4%	9.0%	-4.7%
Non-recurring items [+]	0.2	-4.3	0.2
Loss (gain) on sale of assets	0.2	-4.3	0.2
Interest expense, net [+]	6.7	4.2	2.5
Interest expense	7.2	4.5	2.9
Interest income	0.5	0.3	0.4
Other income (expense), net [+]	-39.1	1.0	17.3
Gain (loss) on investments			1.2
Other	0.0	-0.1	8.4
Pre-tax income	7.4	37.3	-2.0
Income taxes	-7.6	-5.3	5.3
Minority interest	5.4	-2.7	-3.2
Earnings from continuing ops	37.4	34.2	2.6
Earnings from discontinued ops		-32.2	-6.8
Net income	37.4	2.0	-4.2
Net margin	6.6%	0.5%	-1.2%

Basic EPS [+]	$1.95	$1.84	$0.14
Growth	5.7%	1204.9%
Diluted EPS [+]	$1.94	$1.80	$0.14
Growth	7.6%	1181.0%

Dividends per share [+]		$0.21	$1.07
Growth	-100.0%	-80.4%

Shares outstanding (basic) [+]	19.2	18.6	18.5
Growth	3.5%	0.1%
Shares outstanding (diluted) [+]	19.3	18.9	18.6
Growth	1.7%	2.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.