Friday, April 25, 2014

Made-in-China.com revenue and profit rise in 2013

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 2013. Revenues were US$84 million, a year-on-year increase of 14%. Net income attributable to shareholders in the year was also up 11%, reaching US$23 million. Diluted earnings per share were RMB 1.18 (US$0.19) in 2013.

The Nanjing-based company generated the majority of its revenues through its online sourcing platform, Made-in-China.com. About half of those revenues were generated from membership fees, amounting to US$40 million. The company’s “Audited Supplier Services” generated 20% of total revenues, or US$17 million, while their other value-added services generated US$15 million – 18% of total revenues.

As of 31st December 2013, Made-in-China.com had 13,417 registered members. The majority of them (12,936) were registered on its flagship English-language site compared with only 481 members 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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