Beijing Baofeng reported earnings results for the first quarter of 2016. For the quarter, the company reported operating revenue of CNY 190 million, rising 106% from a year earlier. Net profit reached CNY 3.3955 million, in contrast to loss of CNY 3.209 million a year earlier, turning loss to profit.

Revenue from brand advertising hiked 11% to CNY 39.65 million. Revenue from added value of VIP users spiked 1,134% to CNY 10.57 million.