InHand Networks, a global leader in Industrial IoT, has released annual report and financial results of year 2016. The past year has witness our continuous growth with total revenue increased by 55.74% year-on-year to RMB 145 Million and net profit increased by 54.23% year-on-year to RMB 23 Million.
Apart from the strong growth in industrial IoT products, we have also made great progress in vertical markets including smart grid, industrial automation, transportation, retail, digital signage and healthcare. 2 innovative IoT solutions has begun to contribute volume sales and growth - Distribution Power Line Monitoring System, and Smart Vending Solutions.
In 2016, we attended several exhibitions worldwide including DistribuTECH, Hannover Messe and NAMA Oneshow. We continue to increase investment on global market and improve brand awareness. Our Germany office has been established to provide local services and timely support.
With strong R&D team, InHand Networks will continue to invest on the development of IoT products and solutions, providing complete IoT solutions to customers worldwide.