SINA.COM
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousand U.S. dollars, except per share data)
	Three months ended					Twelve months ended
	June 30			March 31		June 30
	1999	2000		2000		1999	2000
Net revenues
Advertising	$               396	$          4,909		$          3,076		$              561	$            11,013
Software products	589	751		525		2,248	2,943
E-Commerce and other	18	96		44		18	214
	1,003	5,756		3,645		2,827	14,170
Cost of revenues
Advertising	869	3,217		2,463		1,156	8,950
Software products	326	355		250		1,285	1,640
E-Commerce and other	32	126		116		32	325
Stock-based compensation	32	168		168		32	605
	1,259	3,866		2,997		2,505	11,520
Gross profit	(256)	1,890		648		322	2,650
Operating expenses
Sales and marketing	829	6,029		4,589		1,405	17,476
Product development	868	2,353		2,029		1,512	7,358
General and administrative	1,240	1,979		1,667		2,085	6,964
Stock-based compensation	2,437	3,391		3,537		3,360	18,460
Amortization of intangibles	1,703	1,702		1,702		1,745	6,808
	7,077	15,454		13,524		10,107	57,066
Loss from operations	(7,333)	(13,564)		(12,876)		(9,785)	(54,416)
Other income (expense), net	304	1,441		757		489	3,433
Net loss	(7,029)	(12,123)		(12,119)		(9,296)	(50,983)
Preference shares accretion	(26)	(4)		(27)		(98)	(84)
Net loss attributable to
ordinary shareholders	$          (7,055)	$      (12,127)		$      (12,146)	#	$         (9,394)	$           (51,067)
Shares used in computing  basic and
diluted net loss per share	6,978	34,858		8,586		5,466	14,836
Basic and diluted net loss per share	$            (1.01)	$           (0.35)		$          (1.41)		$            (1.72)	$               (3.44)
Shares used in computing pro forma
basic and diluted net loss per share*		38,502		34,043			32,281
Pro forma basic and diluted net loss
per share		$           (0.31)		$          (0.36)			$               (1.58)
* Shares used on computing pro forma net loss per share assume conversion of all preference shares into ordinary shares.