According to the Zhitong Finance App, Hengwan Technology (01523) announced that in 2017, the Group achieved revenue of US$37.132 million, an increase of 30.9% over the previous year; gross profit of US$22.975 million, an increase of 28.03% over the previous year; net profit attributable to the company's owners was US$8.754 million, an increase of 67.1% over the previous year; the basic profit per share was 0.87 US cents, with a proposed second interim dividend of HK$3.50 per share.

During the reporting period, the Group's revenue mainly came from selling SD-WAN routers and software licenses (including SpeedFusion and the InControl cloud central management platform for managing the Group's devices) and providing warranty and support services related to the company's products. Revenue from wireless SD-WAN routers increased significantly by about 49.6% over the same period last year.

The increase in net profit was mainly due to strong growth in sales of wireless SD-WAN products, which led to an increase in revenue; operating leverage increased the Group's operating profit margin; and there were no expenses related to non-recurring listings during the year, which was about US$1.252 million in 2016.