Business Strategies Group

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Netsun’s profits up, but revenues fall

Hangzhou, 31st August: Shenzhen-listed Zhejiang Netsun, a B2B e-commerce platform, recently released its financial results for the six months ended 30th June 2022. The company’s revenues were US$37 million during the period. This represents a year-on-year decrease of 14% compared with the same period in 2021.

However, profits during the six-month period rose slightly by 2.2%, reaching US$1.7 million. Diluted earnings per share in the first half of 2022 were RMB 0.05 (US$0.0075).