HC International, a leading online B2B information services provider in China, reported total revenues of US$277 million for the year ended 31st December 2016. That represents an impressive 114% increase of the 2015 figure. The Group’s EBITDA was US$80 million, representing a year-on-year increase of 358%. HC International’s dilute earnings per share in the year were RMB 0.1852 (US$0.027).
Management attributed the increase in revenues to its new “O2O business exhibition centre” business, which generated US$121 million of revenues. That is HC’s second largest business segment, accounting for 43% of total revenues. HC’s largest business segment, online services business, generated 48% of total revenues, amounting to US$137 million. That figure represents a 29% year-on-year increase.
Source: Business Strategies Group Hong Kong – www.bsgasia.com