Poly US Excellent Products 2014 Q1: Net profit $1660 million

Absrtact: May 7, Poly-Mei Excellent products update the prospectus and disclose its earnings data for the first quarter of 2014. The following are the details of the 2014 Q1 earnings: Total revenue: 154.9 million USD, up 40% sales revenue: 129.9 million U.S. dollars, total revenue

May 7, Poly-Mei Products update the prospectus, and disclosed its first quarter of 2014 earnings data.

The following is the detailed data of Q1 2014 earnings:

Total revenue: 154.9 million U.S. dollars, an increase of 40%

Merchandise sales Revenue: 129.9 million U.S. dollars, accounting for 84% of total revenue.

Market Service net Revenue: 25 million USD

GMV (Total commodity trading): 271 million USD, up 42% year-on-year

Cost: 86.6 million USD, up 24%

Gross margin: 68.3 million U.S. dollars, gross margin of 44%

Fee: USD 51.2 million, up 63%

Operating profit: 17.1 million USD, operating profit margin of 11%

Net profit: USD 16.6 million