In 2020, the net profit of ferro holdings increased by nearly 50%, and Gmv exceeded 14.6 billion yuan

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    Ferro holdings, a third-party digital goods and services provider, announced its first annual report after its IPO today (25th). In 2020, the company’s revenue was 328 million yuan, a year-on-year increase of 36%; during the period, the net profit was 120 million yuan, a year-on-year increase of 49.97%; Gmv exceeded 14.6 billion yuan, a year-on-year increase of 13.56%, in line with the profit forecast.
    According to the annual report, during the reporting period, the value-added service revenue with SaaS service as the core was 67.64 million yuan, compared with 20.23 million yuan in the same period of last year, with a year-on-year growth of 234%. In the revenue structure, the proportion of SaaS service business in the total revenue increased from 8% in 2019 to 21%.
    Meanwhile, the revenue of its cultural and entertainment sector increased by 20% to 156 million yuan from 130 million yuan in 2019, of which the revenue of its game sector increased by 8% from 93.404 million yuan in 2019 to 101 million yuan in 2020, and the revenue of its communication sector increased by 201% from 15.642 million yuan in 2019 to 47.118 million yuan in 2020.