News this week: Shenzhen-listed Focus Technology, the operator of Made-in-China.com, has released its results for the six months ended 30th June 2011. Revenues were US$32 million, a 48% year-on-year rise. Focus’ net income in the first half was US$11 million, an increase of 31% compared with the same period in 2010. Diluted earnings per share were RMB 0.63 (US$0.0975) in the first half.
The majority of Focus’ revenues were generated through the operation of the Made-in-China.com online sourcing platform. Membership fees generated US$19 million or 61% of total revenues, while value-added services accounted for US$7.6 million (24% of revenues). Made-in-China.com’s “Audited Supplier Services” accounted for US$3.3 million or 10% of total revenues.
As of 30th June 2011, Made-in-China.com had 13,955 registered members, of which the vast majority (13,323) were registered on the company’s flagship English-language site. The remaining 632 were registered on its Chinese site.
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