Awesome! Net profit exceeded 200 million in 3 months, and the market value of this big seller has exceeded 38.8 billion

Now that March is almost halfway through, while other big-selling 2020 annual financial reports have not yet been released, Giant Star Technology has already released its first quarter 2021 performance forecast, and this report card is also quite good.

Giant Star Technology's Q1 profit is expected to exceed 200 million

The financial report shows that in the first quarter of 2021, Giant Technology expects to make a profit of 227 million yuan to 254 million yuan, an increase of 25% to 40% compared with the same period last year, and basic earnings per share of 0.20 yuan to 0.23 yuan.

In the first quarter of 2020, Giant Technology's profit was 181 million yuan.

In addition, the editor learned from 10jqka Finance that as of the close of March 11, the total market value of Giant Star Technology was 38.843 billion yuan.

As an intelligent equipment company specializing in the research and development, production and sales of hand tools, laser products, smart tools, service robots and other products, Giant Technology has obvious core advantages.

Since its listing in 2010, Giant Star Technology's operating income has been increasing year by year. It is understood that while deepening its core business, it has also successively acquired a number of well-known American brands and upgraded its industrial chain through acquisitions and integration.

At the end of December last year , Giant Star Technology also announced that it planned to acquire the relevant assets of Shop-Vac, the leading North American vacuum cleaner company, for US$41.86 million through its wholly-owned subsidiary American Giant Star, in preparation for entering the North American vacuum cleaner market.

Today, Giant Star Technology has seized online opportunities, increased investment in its own brand building and cross-border e-commerce business , and continued to maintain profit growth.

In early March, Giant Star Technology also released its 2020 performance report.

The financial report shows that Giant Technology achieved operating income of 8.525 billion yuan in 2020, a year-on-year increase of 28.66%; net profit attributable to shareholders was 1.311 billion yuan, a year-on-year increase of 46.44%, and earnings per share was 1.23 yuan.

Increase the construction of own brands and cross-border business to maintain profit growth

Regarding the reasons for the performance growth in the first quarter of 2021, Giant Star Technology said↓

1. Although the COVID-19 pandemic continued worldwide in the first quarter of 2021, the company was relatively less affected by the pandemic overall, and its revenue maintained the growth rate of the previous few quarters.

2. Benefiting from the strong demand in the US market, the order volume of the company's main business is very saturated.

Although the first quarter is traditionally an off-season, in order to ensure timely delivery of orders, the company coordinated various production capacities to start production in time after the Spring Festival holiday, and at the same time accelerated the construction of the Southeast Asian production base to ensure that the Thailand production base was put into production as soon as possible.

3. Continue to increase investment in cross-border e-commerce business and private brand construction , accelerate the incremental innovation of various products, and ensure that private brands including cross-border e-commerce business continue to grow rapidly.

4. During the reporting period , the company overcame the adverse factors of rising exchange rates, rising raw material prices and high short-term freight rates, and continued to maintain a stable and sustained growth in net profit attributable to shareholders of the parent company on the basis of an 18.99% year-on-year increase in net profit attributable to shareholders of the parent company in the first quarter of 2020.

Since 2020, many cross-border e-commerce companies have experienced ups and downs during the epidemic. Giant Star Technology has maintained a continuous increase in revenue and profits during this "black swan" event. The company's operating model is also worthy of attention.

Financial Report

Cross-border e-commerce market

Giant Star Technology