ReTech Technology Co., Limited announced unaudited consolidated earnings results for the full year for the period ended December 31, 2017. For the year, the company reported revenue of RMB 104,201,567 compared to RMB 44,547,827 a year ago. Profit before income tax was RMB 45,835,033 compared to RMB 16,629,589 a year ago. Profit and total comprehensive income for the year attributable to owners of the Company of RMB 39,332,119 or 19.52 cents per basic and diluted share compared to RMB 10,378,799 or 22.30 cents per basic and diluted share a year ago. Net cash flows generated from operating activities was RMB 13,186,379 compared to RMB 24,314,293 a year ago. Purchase of equipment was RMB 166,275 compared to RMB 132,978 a year ago. Purchase of intangible assets was RMB 3,584,906. The company posted a 264% increase in full year net profit to RMB 37.8 million, while revenues increased 134% to RMB 104.2 million. Net profit of RMB 37.8 million for fiscal year of 2017, a 264% increase compared to fiscal year of 2016 level RMB 10.4 million.

For the year 2018, the company expected strong growth in continue in fiscal year of 2018 as it continues to leverage off the continued expansion in the global corporate training market. The company expects to deliver another solid performance in fiscal year of 2018 as it builds its revenues and profits on the back of adding new clients.