Saturday, May 05, 2012
News this week: Last week, Shenzhen-listed Focus Technology, the operator of Made-in-China.com, released financial results for the year ended 31st December 2011. Revenues were US$68 million, a year-on-year increase of 28%. Net income attributable to shareholders in 2011 was US$31 million, up 8.5% year-on-year. Diluted earnings per share were RMB 1.39 (US$0.22) in the year.
The majority of Focus Technology’s revenues were generated through the operation of its online sourcing platform, Made-in-China.com. Membership fees generated US$40 million or 59% of total revenues, while value-added services generated 21% of total revenues – US$14 million. The company’s Audited Supplier Services generated another RMB 9.8 million or 14% of total revenues.
The Nanjing-based company also released its results for the quarter ended 31st March 2011. Revenues were US$17 million, a year-on-year increase of 14%. However, net income attributable to shareholders in the period dropped 15% to US$4.0 million, while diluted earnings per share were RMB 0.21 (US$0.033) in the quarter.
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