July 25^th, Baidu Inc., China's largest search engine, releases the unaudited financial report for its fiscal second quarter of 2013 ended June 30, 2013. According to the financial report, the total revenues of Baidu in the second quarter of 2013 were RMB 7.561 billion ($1.232 billion), a 38.6% increase from the corresponding period in 2012. And the net income attributable to Baidu in the second quarter of 2013 was RMB 2.644 billion ($430.8 million), a 4.5% decrease from the corresponding period in 2012.

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Robin Li, the chairman and CEO of Baidu, said: "We made solid progress in the second quarter of 2013. Our online active customers increased for a record of 58,000. The adoption of our mobile platform gained momentum and mobile monetization improved. Mobile revenues accounted for over 10% of our total revenues this quarter for the first time. Our recent investments have further strengthened Baidu's position in key strategic areas such as search, LBS, app distribution and online video. Our market-leading technology, innovative new products and unrivaled customer value proposition will keep us at the heart of the Internet in China."

Jennifer Li, Baidu's chief financial officer, said: "We are encouraged to see clear progress in key investment areas. We will continue to invest aggressively and remain committed to building long-term value for our shareholders."

Baidu second quarter 2013 main financial data:

Total revenues: Baidu reported total revenues of RMB 7.561 billion ($1.232 billion) for the second quarter of 2013, representing a 38.6% increase from the corresponding period in 2012.

Net profit: Net income attributable to Baidu in the second quarter of 2013 was RMB 2.644 billion ($430.8 million), a 4.5% decrease from the corresponding period in 2012. Diluted earnings attributable to Baidu per ADS for the second quarter of 2013 were RMB7.52 ($1.22); diluted earnings attributable to Baidu per ADS excluding share-based compensation expenses (non-GAAP) for the second quarter of 2013 were RMB7.75 ($1.26).

Operating profit: Operating profit was RMB 2.904 billion ($473.1 million), representing a 3.2% increase from the corresponding period in 2012. Operating profit excluding share-based compensation expenses (non-GAAP) was RMB 2.987 billion ($486.7 million), a 4.1% increase from the corresponding period in 2012.

Cash, cash equivalents and short-term investments: By the end of June 30, 2013, the Company had cash, cash equivalents and short-term investments of RMB 34.069 billion ($5.551 billion). Net operating cash inflow for the second quarter of 2013 was RMB 3.205 billion ($522.2 million). Capital expenditures for the second quarter of 2013 were RMB 547.8million ($89.3 million).