Hanvon H1 2010 Profit Up 321% YoY

Cninfo, 8/24/10

Chinese e-reader maker Hanvon (002362.SZ) has released its financial results for the first half of 2010, with operating revenues reaching RMB 674 mln, up 283% YoY.

Net income for the period rose 321% YoY to reach RMB 86.87 mln.

Revenu from e-book products rose 513% YoY to reach RMB 558 mln. Revenues from Hanvon's handwriting recognition products (including the TouchPad) reached RMB 45.35 mln, up 45.3% YoY. Revenue from optical character recognition (OCR) products rose 22.2% YoY to RMB 24.79 mln. Revenue from technology patents rose 37.1% YoY to RMB 15.99 mln. Revenue from facial recognition products rose 100% YoY to RMB 13.76 mln. Revenue from industrial applications fell 7.5% YoY to RMB 12.88 mln.

Keywords: handwriting recognition hardware profit revenue software OCR e-book Hanvon 002362.SZ Touchpad H1 2010 fiscal report

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily