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July 16, 2016

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Baofeng sees profit up

BAOFENG Group expects its net profit to jump at least 170 percent year on year in the first half, on surging sales of smart TVs and increasing number of paid VIP users.

Baofeng, whose business covers online video, smart TV and virtual reality glasses, estimated a net profit of 17.9 million to 19.9 million yuan (US$2.7 million to US$3 million) in the first half, up from 6.64 million yuan a year ago, the firm said in a statement to the Shenzhen Stock Exchange yesterday.



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