Sunday, August 07, 2011

Made-in-China.com’s revenues up 48% in H1

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.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

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