Nanjing, 21st October: Last week, Shenzhen-listed Focus Technology, which is the owner and operator of Made-in-China.com, reported its financial results for the quarter ended 30th September 2017. Revenues were US$49 million which is more than double last year’s figure. Net income increased by 13% in the quarter reaching US$4.4 million.
The Nanjing-based company also released its results for the nine-months ended 30th September. Focus Technology generated revenues of US$144 million, up about 110% compared with the same period in 2016.
Net income grew by 39% in the period, amounting to US$9.4 million. The company attributed the increases in revenue and profit to strong performances in all areas of its operations. Earnings per share in the first nine months of 2017 were RMB 0.26 (US$0.039).
As of 30th September, Made-in-China.com had over 16,700 of registered members and of those, 15,185 were registered on the flagship English-language platform, while the remaining 1,527 were registered on the Chinese-language platform.