Netsun generates revenues of US$24m in Q3

Hangzhou, 30th October: Zhejiang Netsun, a Chinese B2B online platform, recently announced its financial results for the quarter ended 30th September 2021 as well as the previous nine months. In the quarter, the company generated revenues of US$24 million, an increase of 74% compared with the same quarter in 2020. However, Netsun recorded a 15% decrease in net income during the same quarter, down to US$790,000.

For the nine months ended 30th September, Shenzhen-listed company reported revenues of US$68 million, an 85% increase compared to the same period in 2020. However, net income in the nine-month period fell 15% to US$2.6 million. Netsun’s earnings per share for the first nine months of 2021 were RMB 0.07 (US$0.011).