Zhejiang Netsun Saw an above 90% Gross Margin in 09

China's B2B operator Zhejiang Netsun Co., Ltd. (SZSE: 002095) saw its gross margin reach 91.99%, 93.65%, and 91.72% in the years from 2007 to 2009, respectively.

Moreover, the nation's biggest B2B company Alibaba.com Ltd. (SEHK: 1688) reached an 86.5% gross margin in the first quarter of 2009, compared with 92.70% of Netsun.

The nation saw a B2B transaction value of CNY 2.148 trillion in 2008, increasing 40.2% year on year compared with 2007, according to a data report released by CCID Consulting Co., Ltd. (SEHK: 8235), the first listing cousulting firm in China, adding that the figure is predicted to hit CNY 3.0764 trillion this year.

Besides, Netsun's basic earnings per share is estimated to get to CNY 0.42, CNY 0.49, and CNY 0.57 in the years from 2009 to 2011, said Liu Xiaodong, an analyst from TX Investment Consulting Co., Ltd., one of the largest professional investment consulting companies in China.

Source: dycj.ynet.com (September 07, 2009)

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