News this week: Earlier this week, Shenzhen-listed Focus Technology, the operator of Made-in-China.com, 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, Made-in-China.com. 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, Made-in-China.com 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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