Zan 2018 Revenue Of HK $685 Million, An Increase Of 229% Over The Same Period Last Year.

There is a commendable announcement of the 2018 annual performance.

Data show that the company achieved a turnover of HK $685 million, an increase of 229.3% over the same period, a gross profit of HK $231 million, an increase of 784.9% over the same period last year, and GMV of the electricity supplier reached 33 billion yuan, an increase of 88% over the same period last year.

During the reporting period, China enjoyed a loss of HK $839 million, mainly due to the increase in sales and distribution expenses, administrative expenses, amortization of intangible assets and other operating expenses since the acquisition of the Zan group, as well as the award of shares based on the share award scheme.

According to the financial report, the turnover of the new business service segment in 2018 was about HK $503 million, accounting for about 73.5% of the total business volume of the group, and the turnover from the third party payment service division was about 154 million Hong Kong dollars, accounting for 22.5% of the total turnover of the group, up 12.4% from the same period last year.

The increase is mainly due to the expansion of the existing third party payment services and the acquisition of the 51% ownership of the Zan group, resulting in business growth.

In 2018, group Yiming Shenzhou and general trade business is reducing its strategy.

By the end of 2018, the sales volume of Yiming Shenzhou was about HK $16000, down about 99.7%.

The general trade volume is about 27 million Hong Kong Hong Kong dollars, accounting for about 4% of the group's total business volume, and a decrease of about 38 million yuan, with a decrease of about 58.5%.

Group sales and distribution expenses reached HK $212 million, an increase of 792% over the same period last year.

It is reported that the increase is mainly caused by the promotion of marketing services and the increase in sales of employees by the three party.

According to the report, China's SaaS has been commercialized and gradually entered a mature stage.

In order to cope with the development of the market, the company hopes to serve a wider range of users, from a single business service to the entire industry ecosystem.

On the praise side, we will attach importance to the application of technology to businesses, and help businesses in the business side actively seek technical support, reduce costs and increase efficiency.

At the same time, the company hopes to open up online and offline businesses to achieve store content, scope and crowd upgrading.