Cross-border communication released the semi-annual report for 2019, both revenue and net profit fell?
Editor’s note: This article from the micro-channel public number “Cross-border e-commerce Hugo Network” (ID: cifnews), author Hugo.
Recently, cross-border e-commerce sellers across the border issued a semi-annual report for 2019, which is also the first semi-annual report of the cross-border e-commerce industry listed on the A-share market.
According to the announcement, cross-border business achieved revenue of 8.97 billion yuan in the first half of the year, down 9.16% year-on-year; net profit attributable to shareholders of listed companies was 460 million yuan,Decreased by 9.25%. Among them, cross-border export business achieved revenue of 5.966 billion yuan, and cross-border import business achieved revenue of 2.946 billion yuan. Both revenue and net profit fell. From the cross-border financial report, revenue growth in the first half of the year seems to be somewhat weak.
(Source: Cross-border pass semi-annual report screenshot)
It is worth noting that Global Easy’s performance in the main business in the first half of the year was not good, not only the decline in export business, but also the revenue of import business fell by nearly 5%.
The revenue from self-built stations has fallen sharply
According to the report, cross-border cross-border export-oriented main self-operated websites (including mobile terminals) realized operating income of 2.82 billion yuan, accounting for 47.34% of the company’s cross-border export business revenue. The cross-border export main self-operated website (including mobile) operating income structure is as follows:
(Figure source: Cross-border pass semi-annual report screenshot)
There is 700 million revenues in the European market
In the first half of 2019, cross-border sales in the European market decreased by 700 million yuan compared with the same period of last year. This may be related to the intensified tax review in the European market this year and the turmoil in the local economy. In addition to the significant reduction in revenues in the European market, in other markets, the performance of cross-border transactions in the first half of the year can be said to be stable.
