Nanjing, 22nd April: Focus Technology, the holding company of Made-in-China.com, reported total revenues of US$31 million in the first quarter of 2017 – representing an impressive growth of 61% compared with the same quarter last year. According to management, the increase was mainly due to increases in service fee revenues.
The Shenzhen-listed company posted a net profit of US$1.6 million in the quarter, compared with a loss of US$2.1 million in the first quarter of 2016. The diluted earnings per share in the period were RMB 0.09 (US$0.013).
As of 31st March 2017, Made-in-China.com had a total of 16,000 registered members, of those, 14,695 were registered on the flagship English-language platform and the remaining 1,305 were registered on the Chinese-language platform.