Hangzhou, 28th October: Zhejiang Netsun, a Chinese B2B online platform, recently announced its financial results for the quarter ended 30th September 2020. Netsun generated revenues of US$13 million in the third quarter, a decrease of 31% compared with the same quarter last year. Net income in the quarter was also down falling 52% to US$886,000.

For the nine months ended 30th September, Shenzhen-listed Netsun reported revenues of US$35 million, down 20% compared to the same period in 2019. Net income was also significantly down posting a decrease of 37%, amounting to US$2.8 million. Netsun’s earnings per share for the nine-month period were RMB 0.08 (US$0.012).