InHand Networks registers over 40% growth for H1 2021
InHand Networks has just released its financial results for H1 2021. The past six months have witnessed our robust growth despite continued challenges globally, with a record RMB 197.95 million (USD 30.55 million) of revnue, up by 46.42% year on year, and net profit of RMB 33.69 million (USD 5.20 million), an increase of 48.54% compared to the same period last year.
All four branches of our business – M2M communications, power distribution monitoring system, smart vending and technical services – have experienced double-digit increase, especially the vending system which has rocketed by 231.6%.
InHand Networks boasts its core technologies in industrial communication, cloud computing, sensing and control, as well as artificial intelligence. We focus on development in the markets of commerce, industrial IoT and mobility. Our products and solutions are widely used in smart grid, smart manufacturing, smart retail, smart city, digital energy and more market segments. We continuously provide solutions for the IIoT industry, from sensing, control to communications, from data collection, aggregation to analytics.
During the report period, InHand Networks has continued its investment in R&D to build its competitive edge. With a series of measures taken, including proactive and prudent market strategies, constantly optimized product structures, improved digital marketing and strengthened sales teams, InHand Networks has further complemented its product portfolio and built its brand image worldwide.
In the future, InHand Networks will continue its growth and strive for a future of digitalization, intelligence and globalization. We will continue to offer “cloud + edge” IoT solutions, deliver industry-leading big data aggregation and cloud management services, building an IoT ecosystem that powers the industrial economy.
About InHand Networks
InHand Networks is a leading IoT solutions provider founded in 2001, dedicated to driving digital transformation across industries and empowering customers to unlock their full potential and achieve accelerated growth.
We specialize in delivering industrial-grade connectivity solutions for diverse sectors, such as enterprise networks, industrial and building IoT, digital energy, smart commerce, and mobility. Our comprehensive product portfolio and services cater to various applications worldwide, including smart manufacturing, smart grid, intelligent transportation, smart retail, etc. With a global footprint spanning over 60 countries, we serve customers in China, the United States, France, Germany, the United Kingdom, Italy, and beyond.