’s revenues up 77% in 2017

Nanjing, 18th April: Earlier this week, Focus Technology, the holding company of, reported its financial results for the year ended 31st December 2017. Total revenues were US$186 million in the year, rising an impressive 77% compared with the 2016 results. However, net profit dropped by 34%, down to US$11 million. The diluted earnings per share in the year were RMB 0.31 (US$0.048).

Approximately 43% of its total revenues were generated from the merchandising business, amounting at US$80 million. That represents a four fold increase over the previous year. The next largest business segment was membership fees from, resulting in revenues of US$54 million. That is a 15% increase year-on-year. Value-added services accounted for about 10% of total revenues, at US$19 million – and that is a 30% increase over 2016.