Netsun down in revenues and profits

Hangzhou, 31st October: Shenzhen-listed Zhejiang Netsun, a B2B e-commerce platform, recently reported its financial results for the nine months ended 30th September 2023. The company’s revenues were US$44 million, representing a year-on-year decrease of 13% from the same period of 2023.

Net profit during the nine-month period posted a decrease of 9.8% year-on-year, down to US$2.1 million. Diluted earnings per share in the first nine months of 2023 were RMB 0.06 (US$0.0083).