Xiamen Jikeyin, a cross-border hit, sold 2.5 billion in one year, with a net profit of up to 380 million!

Cross-border e-commerce has grown rapidly under the influence of the epidemic. Although the number of platform sellers is gradually increasing, independent site sellers have also achieved great growth. Take Jihong Shares as an example. Under the influence of the epidemic in 2020, the company's business was not affected, but was still in a state of growth.

As a well-known seller in the cross-border e-commerce industry, Jihong shares' industry status is also highly recognized. Jihong shares mentioned in its financial report that the company 's cross-border e-commerce business is mainly focused on Southeast Asia, Northeast Asia and other regions. In recent years, it has maintained rapid growth and has now become a leading e-commerce company in Asia with its own independent station model.

Yien.com learned that Jihong Co., Ltd. stated in its 2020 financial report that during the reporting period, the company achieved operating income of 4.41 billion yuan, a year-on-year increase of 46.56%, and net profit attributable to shareholders of listed companies of 559 million yuan, an increase of 71.25% over the same period last year.

As of December 31, 2020, Jihong Co., Ltd.'s total assets were 2.811 billion yuan, an increase of 15.23% over the previous year; the shareholders' equity attributable to the listed company was 1.740 billion yuan, an increase of 23.71% from the beginning of the year.

Jihong Co., Ltd. also disclosed the revenue of Xiamen Jikeyin E-Commerce Co., Ltd. in 2020 in its financial report. During the reporting period, the operating income of Xiamen Jikeyin E-Commerce Co., Ltd. was 2.56 billion yuan and its net profit was 380 million yuan.

Although many cross-border e-commerce companies went bankrupt due to the epidemic at the beginning of 2020, Jihong Co., Ltd. learned from the experience of product circulation being affected by logistics during the Spring Festival in previous years and stockpiled nearly one month's worth of goods in overseas warehouses to meet the order needs of overseas markets .

Due to the relatively sufficient preparation, in the first quarter when the domestic supply chain was disrupted at the beginning of the epidemic, the company's cross-border e-commerce business still achieved a net profit attributable to shareholders of the parent company of 24.69% .

In its financial report, Jihong Co., Ltd. stated that its revenue in the first quarter was 649 million yuan, its revenue in the second quarter was 1.267 billion yuan, its revenue in the third quarter was 1.299 billion yuan, and its revenue in the fourth quarter was 1.193 billion yuan.

In 2020, the company's cross-border e-commerce GMV was nearly 3 billion yuan, and the overall order revenue scale and profit both achieved large-scale growth. In 2020, the company achieved operating income of 2.551 billion yuan, a year-on-year increase of 114.30%, and realized a net profit attributable to the parent of 367 million yuan, a year-on-year increase of 157.55%. The following is the proportion of the company's cross-border e-commerce revenue in each region ↓

It can be seen from the above table that Jihong Co., Ltd. did not choose the highly competitive European and American markets, but instead carved out a niche for itself in Southeast Asia.

In their 2020 report on the Southeast Asian market, Temasek, Google and Bain predicted that the Southeast Asian e-commerce market will reach US$172 billion in 2025, growing at an annual rate of 23% in the future.

Jihong Holdings also stated in its financial report that there are still a large number of incremental dividends and demographic dividends to be explored in Southeast Asia, and the market space is broad.

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