Having gone through the adjustment cycle in 2016, the Group’s business stabilised and resumed growth during 2017.
The strong sales performance contributed revenue of approximately RMB758.7 million to the Group, representing a year-on-year growth of 65.6%.
All new orders of the year were obtained from non-factoring model. As sales scale picked up and the Group implemented effective cost control measures during the year,
the gross profit margin for the year rebounded to approximately 21.7%, representing an increase of nearly 7.1% from approximately 14.6% for the whole year of 2016.
