Shanghai Great Wisdom (601519), a provider of real-time financial data and data analysis, posted a 34.04 percent year-on-year drop in 2011 net profit to 106 million yuan, with basic earnings per share of 0.155 yuan, down 43.64 percent, reports Yicai, citing a company filing.

Revenue rose 0.66 percent year-on-year to 571 million yuan, and the slight increase was due to the consolidation of revenue from AASTOCKS.com and FinChina.

Based on total equity of 695 million shares, Great Wisdom announced cash dividends of one yuan (pre-tax) for every 10 shares held.

In addition, the company will convert 10 shares from capital reserves for every 10 shares held.

Revenue from its main business of providing financial information and data through PCs dropped 18.78 percent year-on-year to 392 million yuan. The operating profit margin fell 4.86 percentage points to 77.72 percent.

Great Wisdom said the drop in earnings was due mainly to the weak stock market and to the long-term investments made last year.

Source:capitalvue