Vaping brand Wulun Electronics posts H1 2016 revenue of RMB 33.01 million, net profit of RMB 4.29 mi

According to a report from Wabei Network on September 6, Wulun Electronics (833767) recently announced its semi-annual report for 2016, showing a revenue of RMB 33.01 million during the reporting period, a year-on-year increase of 38.50%; the net profit attributable to shareholders of the listed company was RMB 4.29 million, a year-on-year increase of 71.82%; basic earnings per share were RMB 0.40, a year-on-year increase of 60.85%.

As of June 30, 2016, Wulun Electronics had total assets of RMB 34.76 million, an increase of 21.84% compared to the beginning of the period, with a debt-to-asset ratio of 26.21%, down 2.82 percentage points from the beginning of the period. The net cash flow from operating activities during this period was RMB 903,900, compared to -RMB 216,640 in the same period last year.

During the reporting period, Wulun Electronics achieved operating revenue of RMB 33.01 million, a year-on-year increase of 38.50%, mainly due to the patented technology in the products sold in the first half of 2016 being at the leading level in the industry, resulting in increased order amounts from the same customers compared to the previous year.

The net cash flow from operating activities for Wulun Electronics in the first half of 2016 was RMB 903,900, mainly due to the accelerated collection of accounts receivable.

According to data from Wabei New Third Board Research Institute, Wulun Electronics mainly engages in the research, production, and sales of e-cigarettes and their supporting products. Wulun Electronics generates revenue, profit, and cash flow by providing e-cigarettes and their supporting products to overseas and domestic e-cigarette brand sellers.