In announcing its financial results for the fourth quarter and for the full year ended December 31, 2003, Sina.com saw advertising revenues for the year grow by 67% from the same period in 2002, and non-advertising revenues for the year grow by 415%. The financial announcement came this week.

In addition, net revenues for the quarter grew by 197% year-over-year and by 20% quarter-over-quarter to a company high of $38.3 million. US GAAP net income for the quarter was $9.3 million or $0.16 diluted net income per share, compared to a net income of $1.5 million, or $0.03 diluted net income per share for the same period in 2002. US GAAP net income for the quarter included an impairment loss on Sun Media investment in the amount of $6.1 million. Cash flow from operating activities for the year was $45.9 million, compared to $4.6 million for the same period in 2002.

As of December 31, 2003, Sina's cash, cash equivalents and investments in marketable securities totaled $227.2 million, an increase of $18.9 million from three months ago. Cash flow from operating activities for the fourth quarter was $19.5 million, compared to $13.7 million for the previous quarter and $3.2 million for the same period in 2002. For the year ended December 31, 2003, cash flow from operating activities was $45.9 million, compared to $4.6 million for the same period in 2002.

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