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Guirenniao register growth for first time in 3 years

By Wang Hailong 09 May 2016

On 3rd May,Guirenniao Co Ltd reported financial results for the year ended December 31, 2015. Guirenniao's revenue and profit registered positive annual growth for the first time in 3 years.

In 2015, its full year revenue grew by 0.37% to over 524 million yuan. And its full year profit increased by 7.24% to more than 82 million yuan.

In 2014, Guirenniao’s annual revenue and annual profit decreased by 20.21% and 26.27% respectively.

In 2013, Guirenniao’s annual revenue and annual profit decreased by 15.74% and 19.79% respectively.

On 22nd April HUPU Sports (Shanghai) Media Co Ltd published its prospectus on the website of China Securities Regulatory Commission (CSRC) to seek a listing on the Shanghai Stock Exchange.

From last December Cheng Hang, the founder of HUPU Sports, has served as a director of Guirenniao Co Ltd.

Guirenniao indirectly has a significant interest in HUPU Sports.

Source : Guirenniao Co Ltd

Proofread by Sean O Diobhilin

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