Exhibit 99.1
 NINETOWNS REPORTS SECOND HALF AND
FULL YEAR 2010 FINANCIAL RESULTS
 (Ninetowns or the Company),
 Second Half 2010 Financial Highlights
 
    
    Total net revenues were RMB40.5 million (US$6.1 million), representing a 2% decrease
as compared to RMB41.2 million for the second half of 2009.
 
    
    Net income was RMB19.3 million (US$2.9 million) as compared to a net loss of RMB1.6 million
for the second half of 2009.
 
    
    Basic and diluted net income per ADS (each ADS represents one ordinary share) were RMB0.53
(US$0.08) and RMB0.51 (US$0.07), respectively, compared to basic and diluted net loss per ADS
of RMB0.05 for the second half of 2009.
 Full Year 2010 Financial Highlights
 
    
    Total net revenues were RMB78.9 million (US$12.0 million), representing a 1% decrease
as compared to RMB79.6 million for 2009.
 
    
    Net income was RMB12.3 million (US$1.9 million), as compared to net income of RMB1.3
million for 2009.
 
    
    Basic and diluted net income per ADS were RMB0.34 (US$0.05) and RMB0.33 (US$0.05),
respectively, compared to basic and diluted net income per ADS of RMB0.04 for 2009.
 Second Half and Full Year 2010 Business Highlights
 Enterprise Software:




---



##### 



Food Related Business:
   Property Development Business:
    Share Repurchase Program




---



##### 



Management Discussion
    Second Half 2010 Financial Results
 Total Net Revenues.
  Gross Profit and Gross Margin.
  Operating Expenses.




---



##### 



Operating Loss.
 Other Income.
 Income from Continuing Operations before Income Tax.
 Income Tax Expense.
 Net Income.
 Full Year 2010 Financial Results
 Total Net Revenues.




---



##### 



Gross Profit and Gross Margin.
  Operating Expenses.
     Operating Loss.
 Other Income.
 Income from Continuing Operations before Income Tax.
 Income Tax Expense .
 Net Income.




---



##### 



Deferred Revenue.
 Cash, Cash Equivalents and Term Deposits.
 Currency Convenience Translation
  Investor Conference Call / Webcast Details
   About Ninetowns Internet Technology Group Company Limited
  Forward-Looking Statements




---



##### 



Helen Wu
    
    Investor Relations (HK):Investor Relations
    
    Mahmoud Siddig, Managing DirectorNinetowns Internet Technology Group
    
    Taylor RaffertyCompany Limited
    
    Tel: +852-3196-3712Tel: +86-10-6589-9287
    
    Email: ninetowns@taylor-rafferty.comEmail: ir@ninetowns.com




---



##### 



(In thousands, except share-related data)
 For the six months endedDec. 31,
    
    
    Dec. 31,
    
    
    Jun. 30,
    
    
    Jun. 30,
    
    
    Dec. 31,
    
    
    Dec. 31,2009
    
    
    2009
    
    
    2010
    
    
    2010
    
    
    2010
    
    
    2010RMB
    
    
    US$
    
    
    RMB
    
    
    US$
    
    
    RMB
    
    
    US$(unaudited)
    
    
    (unaudited)
    
    
    (unaudited)
    
    
    (unaudited)
    
    
    (unaudited)
    
    
    (unaudited)Total net revenues
    
    
    41,233
    
    
    
    6,041
    
    
    
    38,448
    
    
    
    5,670
    
    
    
    40,459
    
    
    
    6,130Total cost of revenues
    
    
    (12,461
    )
    
    
    (1,826
    )
    
    
    (5,828
    )
    
    
    (860
    )
    
    
    (11,226
    )
    
    
    (1,701
    )Gross profit
    
    
    28,772
    
    
    
    4,215
    
    
    
    32,620
    
    
    
    4,810
    
    
    
    29,233
    
    
    
    4,429Selling and marketing expenses
    
    
    (5,914
    )
    
    
    (867
    )
    
    
    (7,779
    )
    
    
    (1,147
    )
    
    
    (8,884
    )
    
    
    (1,346
    )General and administrative expenses
    
    
    (33,880
    )
    
    
    (4,963
    )
    
    
    (54,131
    )
    
    
    (7,982
    )
    
    
    (35,400
    )
    
    
    (5,364
    )Research and development expenses
    
    
    (7,384
    )
    
    
    (1,082
    )
    
    
    (7,938
    )
    
    
    (1,171
    )
    
    
    (7,757
    )
    
    
    (1,175
    )Allowance for doubtful accounts, net
    
    
    (21,453
    )
    
    
    (3,143
    )
    
    
    (3,245
    )
    
    
    (479
    )
    
    
    660
    
    
    
    100Loss from operations
    
    
    (39,859
    )
    
    
    (5,840
    )
    
    
    (40,473
    )
    
    
    (5,969
    )
    
    
    (22,148
    )
    
    
    (3,356
    )Interest income
    
    
    1,403
    
    
    
    205
    
    
    
    1,868
    
    
    
    276
    
    
    
    1,818
    
    
    
    275Gain on sales of short-term investments
    
    
    30,262
    
    
    
    4,434
    
    
    
    52,420
    
    
    
    7,730
    
    
    
    12,726
    
    
    
    1,928Change in fair value of marketable options
    
    
    8,777
    
    
    
    1,286
    
    
    
    (39,817
    )
    
    
    (5,871
    )
    
    
    21,606
    
    
    
    3,274Gain from disposal of investment under cost method
    
    
    
    
    
    
    
    
    
    
    11,639
    
    
    
    1,716
    
    
    
    6,678
    
    
    
    1,012Others
    
    
    2,773
    
    
    
    406
    
    
    
    8,612
    
    
    
    1,270
    
    
    
    (1,328
    )
    
    
    (201
    )Income (loss) from continuing operations before income tax
    
    
    3,356
    
    
    
    491
    
    
    
    (5,751
    )
    
    
    (848
    )
    
    
    19,352
    
    
    
    2,932Income tax expense
    
    
    (4,068
    )
    
    
    (596
    )
    
    
    (66
    )
    
    
    (10
    )
    
    
    (812
    )
    
    
    (123
    )(Loss) income from continuing operations
    
    
    (712
    )
    
    
    (105
    )
    
    
    (5,817
    )
    
    
    (858
    )
    
    
    18,540
    
    
    
    2,809(Loss) income from discontinued operations (Net of income tax and non-controlling interest)
    
    
    (923
    )
    
    
    (135
    )
    
    
    (1,207
    )
    
    
    (178
    )
    
    
    809
    
    
    
    123Net (loss) income
    
    
    (1,635
    )
    
    
    (240
    )
    
    
    (7,024
    )
    
    
    (1,036
    )
    
    
    19,349
    
    
    
    2,932(Loss) income from continuing operations per share:Basic
    
    RMB
    (0.02
    )
    
    
    *
    
    
    RMB
    (0.16
    )
    
    US$
    (0.02
    )
    
    RMB
    0.51
    
    
    US$
    0.08Diluted
    
    RMB
    (0.02
    )
    
    
    *
    
    
    RMB
    (0.16
    )
    
    US$
    (0.02
    )
    
    RMB
    0.49
    
    
    US$
    0.07(Loss) income from discontinued operations per share:Basic
    
    RMB
    (0.03
    )
    
    US$
    (0.01
    )
    
    RMB
    (0.04
    )
    
    US$
    (0.01
    )
    
    RMB
    0.02
    
    
    
    *Diluted
    
    RMB
    (0.03
    )
    
    US$
    (0.01
    )
    
    RMB
    (0.04
    )
    
    US$
    (0.01
    )
    
    RMB
    0.02
    
    
    
    *Net (loss) income per share:Basic
    
    RMB
    (0.05
    )
    
    US$
    (0.01
    )
    
    RMB
    (0.20
    )
    
    US$
    (0.03
    )
    
    RMB
    0.53
    
    
    US$
    0.08Diluted
    
    RMB
    (0.05
    )
    
    US$
    (0.01
    )
    
    RMB
    (0.20
    )
    
    US$
    (0.03
    )
    
    RMB
    0.51
    
    
    US$
    0.07Weighted average shares used in computation:Basic
    
    
    35,117,280
    
    
    
    35,117,280
    
    
    
    35,322,967
    
    
    
    35,322,967
    
    
    
    36,260,786
    
    
    
    36,260,786Diluted
    
    
    35,117,280
    
    
    
    35,117,280
    
    
    
    35,322,967
    
    
    
    35,322,967
    
    
    
    37,751,892
    
    
    
    37,751,892
 *
    
    less than US$0.01




---



##### 



(In thousands, except share-related data)
 For the years endedDec. 31,
    
    
    Dec. 31,
    
    
    Dec. 31,
    
    
    Dec. 31,2009
    
    
    2009
    
    
    2010
    
    
    2010RMB
    
    
    US$
    
    
    RMB
    
    
    US$(unaudited)
    
    
    (unaudited)
    
    
    (unaudited)
    
    
    (unaudited)Total net revenues
    
    
    79,639
    
    
    
    11,667
    
    
    
    78,907
    
    
    
    11,954Total cost of revenues
    
    
    (17,860
    )
    
    
    (2,616
    )
    
    
    (17,054
    )
    
    
    (2,584
    )Gross profit
    
    
    61,779
    
    
    
    9,051
    
    
    
    61,853
    
    
    
    9,370Selling and marketing expenses
    
    
    (13,771
    )
    
    
    (2,018
    )
    
    
    (16,663
    )
    
    
    (2,525
    )General and administrative expenses
    
    
    (62,030
    )
    
    
    (9,088
    )
    
    
    (89,531
    )
    
    
    (13,565
    )Research and development expenses
    
    
    (17,373
    )
    
    
    (2,546
    )
    
    
    (15,695
    )
    
    
    (2,378
    )Allowance for doubtful accounts, net
    
    
    (26,204
    )
    
    
    (3,839
    )
    
    
    (2,585
    )
    
    
    (392
    )Loss from operations
    
    
    (57,599
    )
    
    
    (8,440
    )
    
    
    (62,621
    )
    
    
    (9,490
    )Interest income
    
    
    4,274
    
    
    
    626
    
    
    
    3,686
    
    
    
    558Gain on sales of short term investments
    
    
    35,474
    
    
    
    5,197
    
    
    
    65,146
    
    
    
    9,871Change in fair value of marketable options
    
    
    27,684
    
    
    
    4,056
    
    
    
    (18,211
    )
    
    
    (2,759
    )Gain from disposal of investment under cost method
    
    
    
    
    
    
    
    
    
    
    18,317
    
    
    
    2,775Others
    
    
    3,911
    
    
    
    572
    
    
    
    7,284
    
    
    
    1,104Income from continuing operations before income
tax
    
    
    13,744
    
    
    
    2,011
    
    
    
    13,601
    
    
    
    2,059Income tax expense
    
    
    (4,100
    )
    
    
    (601
    )
    
    
    (878
    )
    
    
    (133
    )Income from continuing operations
    
    
    9,644
    
    
    
    1,410
    
    
    
    12,723
    
    
    
    1,926Loss from discontinued operations (Net of income
tax and non-controlling interest)
    
    
    (8,312
    )
    
    
    (1,218
    )
    
    
    (398
    )
    
    
    (60
    )Net income
    
    
    1,332
    
    
    
    192
    
    
    
    12,325
    
    
    
    1,866Income from continuing operations per share:Basic
    
    RMB
    0.28
    
    
    US$
    0.04
    
    
    RMB
    0.35
    
    
    US$
    0.05Diluted
    
    RMB
    0.28
    
    
    US$
    0.04
    
    
    RMB
    0.34
    
    
    US$
    0.05Loss from discontinued operations per share:Basic
    
    RMB
    (0.24
    )
    
    US$
    (0.03
    )
    
    RMB
    (0.01
    )
    
    
    *Diluted
    
    RMB
    (0.24
    )
    
    US$
    (0.03
    )
    
    RMB
    (0.01
    )
    
    
    *Net income per share:Basic
    
    RMB
    0.04
    
    
    US$
    0.01
    
    
    RMB
    0.34
    
    
    US$
    0.05Diluted
    
    RMB
    0.04
    
    
    US$
    0.01
    
    
    RMB
    0.33
    
    
    US$
    0.05Weighted average shares used in computation:Basic
    
    
    35,100,194
    
    
    
    35,100,194
    
    
    
    35,800,428
    
    
    
    35,800,428Diluted
    
    
    35,100,194
    
    
    
    35,100,194
    
    
    
    37,291,534
    
    
    
    37,291,534
 *
    
    less than US$0.01




---



##### 



(In thousands)
 Dec. 31,
    
    
    Dec. 31,2009
    
    
    2009
    
    
    2010
    
    
    2010RMB
    
    
    US$
    
    
    RMB
    
    
    US$(unaudited)
    
    
    (unaudited)
    
    
    (unaudited)
    
    
    (unaudited)ASSETSCurrent assets:Cash, cash equivalents and term deposits
    
    
    498,448
    
    
    
    73,024
    
    
    
    508,772
    
    
    
    77,086Restricted cash
    
    
    790
    
    
    
    116
    
    
    
    245
    
    
    
    37Short-term investments
    
    
    171,226
    
    
    
    25,084
    
    
    
    231,862
    
    
    
    35,130Inventories
    
    
    2,403
    
    
    
    352
    
    
    
    2,161
    
    
    
    327Trade receivables, net
    
    
    18,121
    
    
    
    2,654
    
    
    
    2,042
    
    
    
    310Other current assets
    
    
    7,054
    
    
    
    1,034
    
    
    
    8,297
    
    
    
    1,257Total current assets
    
    
    698,042
    
    
    
    102,264
    
    
    
    753,379
    
    
    
    114,147Non-current assets
    
    
    281,549
    
    
    
    41,247
    
    
    
    236,205
    
    
    
    35,789TOTAL ASSETS
    
    
    979,591
    
    
    
    143,511
    
    
    
    989,584
    
    
    
    149,936LIABILITIES AND EQUITYCurrent liabilities:Deferred revenue
    
    
    10,453
    
    
    
    1,531
    
    
    
    10,699
    
    
    
    1,621Other current liabilities
    
    
    41,323
    
    
    
    6,054
    
    
    
    24,952
    
    
    
    3,780Total current liabilities
    
    
    51,776
    
    
    
    7,585
    
    
    
    35,651
    
    
    
    5,401Non-current liabilities:Tax liabilities
    
    
    5,479
    
    
    
    803
    
    
    
    5,108
    
    
    
    774Total liabilities
    
    
    57,255
    
    
    
    8,388
    
    
    
    40,759
    
    
    
    6,175Total equity
    
    
    922,336
    
    
    
    135,123
    
    
    
    948,825
    
    
    
    143,761TOTAL LIABILITIES AND EQUITY
    
    
    979,591
    
    
    
    143,511
    
    
    
    989,584
    
    
    
    149,936