Friday, April 17, 2015’s profit down 14% in 2014

News this week: Earlier this week, Shenzhen-listed Focus Technology, the operator of, released its financial results for the year ended 31st December 2014. Revenues were US$82 million, nearly flat with the previous year. Net income in the year dropped 14%, down to US$19 million. Diluted earnings per share were RMB 1.02 (US$0.16) in 2014.

The Nanjing-based company generated the majority of its revenues through its online sourcing platform, Membership fees generated 47% of total revenues, amounting to US$39 million. The company’s “Audited Supplier Services” generated 17% of total revenues, or US$14 million, while their other value-added services generated US$13 million – 16% of total revenues.

As of 31st December 2014, had 13,457 registered members. The majority of them (12,795) were registered on its flagship English-language site compared with only 662 members on its Chinese site.

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