HC Group’s first half revenues up 182%

Beijing, 24th August: Hong Kong-listed HC Group has released its interim results for the six months ended 30th June 2018. The company’s revenues jumped 182% in the period, reaching US$573 million. Profit in the first half was US$29 million which represents an increase of 78%. Diluted earnings per share were RMB 0.1705 (US$0.026).

Beijing-based HC Group re-organised its business segments. More than 81% of HC Group’s revenues were generated from its transaction services (formerly B2B trading platform and financing services), amounting at US$467 million, which is five times more than last year. The growth was mainly due to the continuous optimization and upgrade of the transaction platform owned by the Group, and the realization of the ecological cycle cultivated over the years.