ChinaCache International Holdings Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, net revenues were RMB 267,777,000 against RMB 363,745,000 a year ago. Operating loss was RMB 147,204,000 against RMB 1,061,000 a year ago. Loss before income taxes was RMB 150,946,000 against RMB 4,655,000 a year ago. Net loss attributable to the Company's shareholders was RMB 138,460,000 against RMB 5,203,000 a year ago. Loss per basic and diluted ordinary share was RMB 0.35 against RMB 0.01 a year ago. Adjusted LBITDA was RMB 56,905,000 against EBITDA of RMB 49,654,000 a year ago. Adjusted net loss was RMB 87,531,000 against income of RMB 10,435,000 a year ago. Loss per basic and diluted ordinary share was RMB 0.22 against income of RMB 0.02 per diluted share a year ago. Non-GAAP operating loss was RMB 96,957,000 against income of RMB 14,102,000 a year ago. Capital expenditures for the first quarter of 2016 were RMB 31.7 million. The decrease in net Revenue was primarily due to the continued ongoing challenges associated with HPCC platform optimization process in the first quarter.

The company currently expects to generate total net revenues in the range of RMB 1.45 billion to RMB 1.55 billion for the full year of 2016, representing year-over-growth of 7.1% to 14.5%. The company expects most of the revenue growth to occur in the second half of the year.