The Cross-Border E-Commerce Platform Lost More Than 1 Billion 100 Million Last Year, And Its 100 Round Trousers Industry Also Lost 80 Million.

A shares cross border electricity supplier first cross-border electronic business Limited by Share Ltd (hereinafter referred to as "cross border") today (February 3rd) issued the 2019 performance forecast, according to the preliminary calculation of the financial sector, 2019 attributable to shareholders of listed companies net profit of -12.8 billion, the main business entities of the group's operating net profit is as follows:

Note: the net profit of the parent company in the above table does not include the investment income recognized by the subsidiary's profit distribution, and the loss is mainly influenced by the guarantee cost, interest and other management expenses of the private debt.

Cross border communication indicated that the main reasons for the company's performance losses during the reporting period were several aspects: first, the company should strengthen inventory management, reduce the number of SKU, and deal with the backlog of unsold stocks in a timely manner. Tesco and 100 round pants industry, by buying gifts and other ways to clear up the backlog of unsold stocks, are about 750 million yuan and 80 million yuan respectively. Two, according to the relevant provisions, the global Tesco buys and sells the inventory at the end of the year according to the relevant regulations. According to the test results, the inventory of the unfinished stocks at the end of the term is set aside by the difference of the cost of the single class inventory, which is higher than the net realizable value, and the provision is about 1 billion 220 million yuan; the three is If we exclude the effect of clearing up the backlog of unsold stocks and preparing for the inventory depreciation in the end of the year, the net profit attributable to shareholders of the listed companies in 2019 should be 770 million yuan, and the corresponding net profit of the main business entities in the group should be as follows:

Public information shows that cross border pass was formerly the Limited by Share Ltd chain store chain operation, mainly engaged in clothing wholesale and retail business. In November 2014, the company acquired a 100% stake in the global market of Tesco, which was exported to 1 billion 32 million yuan. Since then, the company's main business has been transformed from clothing sales to cross-border electricity supplier business, and cross-border e-commerce business has become the main source of revenue and profit.

Cross border business as a whole is currently dominated by online sales, while offline store business accounts for 0.63% of the company's total revenue. As of the first half of 2019, there were 16 shops under the "Wuzhou" line, of which 1 were direct stores, 15 were franchises, and 607 were shops under the 100 round pants industry, including 21 outlets and 586 franchisees.

In 2018, cross border wholly-owned holding Paton Xun, merger and acquisition one excellent electricity supplier, integrated the advantages of industrial chain resources, and built a complete cross-border import and export business ecosystem. As of the first half of 2019, cross border revenue reached 8 billion 970 million yuan, down 9.2% compared to the same period last year, and net profit of 460 million yuan, a decrease of 9.3% compared with the same period last year. Among the main subsidiaries, the global income reached 4 billion 590 million 531 thousand and 900 yuan, accounting for 51.18% of cross-border revenue. 2 million 166 thousand and 900 yuan, accounting for 17.64% of cross-border operating income, Yi Yi business income of 2 billion 742 million 514 thousand and 500 yuan, accounting for 30.57% of cross-border revenue.

Cross mastery announced earlier that the company's real controller Mr. Yang Jianxin and the concerted action signed an agreement with the Guangzhou Development Zone emerging industry investment fund management Co., Ltd., and transferred 6.55% of the shares to the new fund. The transfer price was 9.7 yuan / share, and the total transfer price was 990 million yuan. At the same time, Mr. Yang Jianxin and the unanimous action intend to exercise the rights of the remaining 15.5% of the shares, such as voting rights, to be entrusted to the new fund. After the completion of the plan, the Guangzhou emerging fund will become the real controller of cross border links.

The industry believes that the Guangzhou emerging fund is the background of the state-owned assets, and the actual control is the Guangzhou Development Zone Management Committee. With the completion of the transfer, the cross border nature will be transformed into a state-owned holding company, and the financing environment will be substantially improved. As a gathering place for cross-border electric business, Guangzhou has strong support and is expected to promote the healthy development of the company in the medium and long term.

In September 17, 2019, global Tesco held a signing ceremony for deepening strategic cooperation with 360 and CUBOT. The cooperation includes: 1) cooperation 360, developing intelligent hardware products. The two companies have been working together since 2018 to promote overseas markets through sweeping cooperation, smart doorbell, smart cameras and other overseas markets with strong market demand. Since the cooperation, 360 through the Gearbest platform cooperation and the third party channel expansion, successfully created the 360S series of sweeper as the representative of the hot selling explosion. 2) cooperation CUBOT mobile phone products, sales turnover of 100 million. CUBOT is the backbone of cross-border mobile phone industry, ranking the first three consecutive years in the global Tesco phone category, with sales exceeding 100 million yuan, becoming the TOP10 brand of the Gearbest platform. The brand now has many service contacts in the world, and there are large aftermarket maintenance centers in Europe. After signing the contract, the two sides will focus on and enlarge their superior resources, jointly develop overseas markets, and accelerate the promotion of the brand to sea.