Netsun’s revenues up, profit down in FY2021

Hangzhou, 29th April: Shenzhen-listed Zhejiang Netsun announced its results for the year ended 31st December 2021, reporting revenues of US$73 million. This represents a year-on-year increase of 24%. However, net profit in 2021 dropped 39%, down to US$3.6 million. Diluted earnings per share in 2021 were RMB 0.09 (US$0.014).

The company attributed the growth in revenue to increasing income from the B2B trading platform. The decrease in profit was due to a decline in income from the network service industry.