HC International posts a 114% jump in revenues

Posted by Joachim Bartels | Apr 10, 2017 | China, Digital Marketing, E-Commerce, Exhibition Industry, HC International, Marketing Tools, Media / Publishing | 0 |

HC International, a leading online B2B information services provider in China, reported total revenues of US$277 million for the year ended 31^st 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

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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