eFuture Informaiton Technology Inc (NASDAQ:EFUT) registers double digit gains post unaudited financial results

by Sean Patterson | Wednesday, Mar 20, 2013 | 341 views

Boston, MA, 03/19/2013 – eFuture Informaiton Technology Inc (NASDAQ:EFUT) topped the charts today on NASDAQ registering a staggering 43.99% gains in a day. The stock closed at $4.19 with a gain of more than $1.28. More than 643K shares were traded in today’s sessions. eFuture is a provider of software and services to China’s retail and consumer goods industries. eFuture offers one-stop, end-to-end integrated portfolio of software and services from factory to consumer on seven verticals: fast moving consumer goods (FMCG), department store, shopping mall, grocery, logistics, specialty store and online retailers. eFuture provides end-to-end integrated portfolio of software and services for the front-end supply chain from factory to consumer.

The company had announced its unaudited financial results for the fourth quarter and full year ended December 31, 2012. According to the press release, the numbers looks extra ordinary for the full year 2012 with total revenue increased 14% year-over-year to RMB198.4 million (US$31.8 million), gross profit increased 40% year-over-year to RMB78.5 million (US$12.6 million). The adjusted net income was RMB6.9 million (US$1.1 million), compared to adjusted net loss of RMB1.5 million in 2011. Basic and diluted loss per share was RMB1.41 (US$0.23), as compared to basic and diluted loss per share of RMB4.56 in 2011. Adjusted diluted earnings per share was RMB1.69 (US$0.27), as compared to adjusted diluted loss per share of RMB0.37 in 2011. Total revenue increased 13% year-over-year to RMB98.3 million (US$15.8 million). More details on the finances can be found at


After hours, EFUT was trading at $4.16.

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