Netsun’s revenues up 5.6% in FY2020

Hangzhou, 29th April: Last week, Shenzhen-listed Zhejiang Netsun announced its results for the year ended 31st December 2020. In the financial year 2020, the company generated revenues of US$58 million, representing a year-on-year increase of 5.6%.

Net profits in the year grew 5.7%, hitting US$5.7 million. Diluted earnings per share in 2020 were RMB 0.15 (US$0.023). The company attributed the growth to increased income from its chemical trading business and its B2B trading platform.