Online Publishing 300 HC International, one of the leading online B2B information services provider in China, reported total revenue of US$63 million in the first half of 2015. That is a 16% drop compared to US$75 million in the first half of 2014. The Group’s EBITDA was US$11 million in the first half of 2015, down 47% compared to US$22 million in same period in 2014. The company’s net profit was US$3.5 million in the same period – representing an increase of 6.2%.

Accounting for over 80% of the group’s revenue, online services business shrank by 23% year-on-year to US$51 million. Trade catalogues and yellow page directories business dropped by 48% year-on-year to US$1.4 million. Seminars and other services decreased by just 6.2% year-on-year to US$6.0 million. HC also launched a new business, anti-counterfeiting products and services which generated US$4.8 million in the first half.

Source: Business Strategies Group Hong Kong  –  www.bsgasia.com