Vaping Brand Wulun Electronics Reported RMB 33.01 Million Revenue and RMB 4.29 Million Net Profit in

Wabei News, September 6: Wulun Electronics (833767) recently released its semi-annual report for 2016, showing that during the reporting period it achieved revenue of RMB 33.0064 million, up 38.50% year-on-year; net profit attributable to shareholders of the listed company was RMB 4.2930 million, up 71.82% year-on-year; and basic earnings per share were RMB 0.40, up 60.85% year-on-year.

As of June 30, 2016, Wulun Electronics had total assets of RMB 34.7633 million, an increase of 21.84% compared with the beginning of the period. Its asset-liability ratio was 26.21%, down 2.82 percentage points from 29.03% at the beginning of the period. Net cash flow from operating activities was RMB 903,900 for the current period, compared with -RMB 2.1664 million in the same period last year.

During the reporting period, Wulun Electronics recorded operating revenue of RMB 33.0064 million, a year-on-year increase of 38.50%, mainly because the products sold in the first half of 2016 contained patented technologies that were industry-leading, resulting in larger order amounts from the same customers compared with the previous year.

Net cash flow generated from Wulun Electronics’ operating activities in the first half of 2016 was RMB 903,900, mainly due to faster collection of accounts receivable.

According to data from the Wabei New Third Board Research Institute, Wulun Electronics is mainly engaged in the R&D, production, and sales of vaping devices and related products. The company generates revenue, profit, and cash flow by supplying vaping devices and supporting products to overseas and domestic vaping brand distributors.