Beijing, 27th March: Earlier this week, HC International, an online B2B information services provider in China, reported total revenues of US$569 million for the year ended 31st December 2017. That represents an 89% increase over the 2016 figure. The Group’s net profit was US$100 million, representing a year-on-year increase of 18%. HC International’s dilute earnings per share in the year were RMB 0.2559 (US$0.039).
The revenue growth was primarily attributed to strong performance on new segments on its B2B trading platform. During the year, HC’s strategy was shifted to focus on three key services, information services, transaction services, and data services.
More than half of HC’s revenues were generated from the B2B trading platform, amounting at US$314 million. That figure increase a remarkable 16 times compared with the 2016 figure. Its second largest business segment was its online services, generating US$146 million and accounting for 26% of total revenues.
HC’s O2O business exhibition centre generated revenues of US$67 million, accounting for 12% of the total. The remaining revenues were generating from the seminars & other services (US$20 million), anti-counterfeiting products & services (US$16 million) and finally, financing services (US$6.0 million).
Source: HC International announcement