Home Inns Reports Second Quarter of 2009 Financial Results

Second Quarter 2009 Financial Highlights
-- Total revenues for the quarter increased 43.3% year-over-year to RMB 642.1 million (US$ 94.0 million).
-- Net income attributable to shareholders for the quarter was RMB 100.4 million (US$ 14.7 million), including gain on buy-back of its own convertible bonds of RMB 46.5 million (US$ 6.8 million), share-based compensation expenses of RMB 6.4 million (US$ 0.9 million), and foreign exchange loss of RMB 0.3 million (US$ 0.04 million). This compares to a net income attributable to shareholders of RMB 7.5 million in the second quarter of 2008, which included share based compensation of RMB 5.4 million (US$ 0.8 million) and foreign exchange loss of RMB 13.7 million (US$ 2.0 million).
-- Income from operations for the quarter was RMB 67.7 million US$ 9.9 million), compared to income from operations of RMB 31.3 million (US$4.6 million) in the same period of 2008. Income from operations excluding share-based compensation expenses (non-GAAP) was RMB 74.1 million (US$ 10.9 million) for the quarter, compared to RMB 36.7 million (US$ 5.4 million) in the same period of 2008, representing an increase of 102% year-over-year.

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