Saturday, August 25, 2012

Made-in-China.com revenues up 9%, profits down 21%


News this week: Shenzhen-listed Focus Technology, operator of Made-in-China.com, released its results for the six months ended 30th June 2012. Revenues were US$35 million, up 9.1% year-on-year. Focus Technology’s net income in the first half, however, was down 21% from same period last year at US$9.2 million. Diluted earnings per share during the period were RMB 0.50 (US$0.0787).

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$17 million or 49% of total revenues, while its “Audited Supplier Services” accounted for US$8.7 million (or 25% of total revenues) – a jump of 159% over the same period in 2011.

As of 30th June 2012, Made-in-China.com had a total of 13,589 registered members, of which the vast majority (12,741) were registered on the company’s flagship English-language site. The remaining 848 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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