Sold out! Many cross-border sellers achieved annual revenue of over 6 billion

Recently, many cross-border sellers announced their performance forecasts for 2023. Some sellers still maintain their leading advantages and their performance is growing rapidly, while some sellers' performance has been hit and they have fallen into a growth bottleneck.

1. Huakai Yibai's net profit soared! Yibai Network's performance was outstanding

According to the 2023 performance forecast released by Huakai Yibai , the company's net profit attributable to shareholders of listed companies in 2023 is expected to be 320 million yuan to 355 million yuan, an increase of 47.99% to 64.18% compared with the same period in 2022. The profit in the same period last year was 216.2313 million yuan.

As a listed company in the cross-border e-commerce industry, Huakai Yibai sells its products through third-party platforms such as Amazon, eBay, AliExpress, and Walmart. Its main categories include home gardening, industrial and commercial supplies, automobile and motorcycle accessories, health and beauty, 3C electronics, and outdoor sports.

Huakai Yibai said that in 2023, the company's main cross-border e-commerce business will comprehensively deploy emerging consumer areas and e-commerce platforms, while implementing the three business synergy drives of "general products + boutiques + Yimai ecological platform". With the advantages of cost-effective products, it adapts to the global consumption downgrade trend and meets the needs of consumers of different product types. At the same time, the company has also seized the new AIGC opportunities to improve the company's operational efficiency and optimize per capita output, achieving rapid growth in operating performance.

Huakai Yibai also revealed that the performance of its wholly-owned subsidiary Yibai Network will also be very impressive in 2023. It is expected that Yibai Network will achieve operating income of approximately 6.4 billion to 6.6 billion yuan in 2023, and a net profit of approximately 490 million to 510 million yuan.

According to the "Conditionally Effective Profit Forecast Compensation Agreement for the Issuance of Shares and Payment of Cash for the Purchase of Assets", Yibai Network 's net profit in 2023 may exceed the performance commitment. If completed, it will issue employees a full-year excess performance bonus of 90 million yuan. After the provision, Yibai Network's cumulative net profit will approximately reach 400 million to 420 million yuan.

However, it should be noted that Shanghai Huakai, the parent company and wholly-owned subsidiary of Huakai Yibai , suffered losses in 2023, with an estimated loss of about RMB 43 million. This mainly involves administrative expenses and new financial expenses. In 2023, the company recovered about RMB 100 million of receivables from the original space environment art design category, and the impairment loss of accounts receivable did not increase compared to 2022.

In 2023, non-recurring gains and losses affecting net profit amounted to approximately RMB 32 million, while the amount in the same period last year was RMB 17.6898 million.

It can also be seen from Huakai Yibai’s specific performance forecast data that Yibai Network has driven the company’s overall performance growth and played a very significant role in supporting it.

2. LDK expects to achieve revenue of 6.6 billion yuan in 2023

According to the 2023 annual performance forecast released by LDK , the net profit attributable to shareholders of the listed company is expected to be 320 million yuan to 350 million yuan from January 1, 2023 to December 31, 2023, an increase of 72.84% to 89.05% compared with the same period in 2022. The net profit after deducting non-recurring gains and losses is 290 million yuan to 320 million yuan, an increase of 68.02% to 85.40% compared with the same period in 2022.

Savi Times is known as the "Amazon blockbuster manufacturing machine". Its main products cover four major categories: clothing and accessories, department stores and home furnishings, sports and entertainment, and digital automobiles and motorcycles. Among them, clothing and accessories are the main source of revenue.

Regarding the reasons for the rapid growth of performance in 2023, Savi Times stated that during the reporting period, the company focused on brand expansion overseas. With the expansion of brand layout and the improvement of brand incubation efficiency, the company will achieve operating income of about 6.5-6.6 billion yuan in 2023, an increase of about 32.41%-34.45% compared with 2022. At the same time, the proportion of the company's high-gross-profit clothing and accessories categories has increased, and the inventory of non-clothing and accessories categories has also been effectively cleared, driving the company's rapid profit growth.

On July 12, 2023, Savitech was listed on the Shenzhen Stock Exchange's Growth Enterprise Market. The stock price doubled on the first day of its debut, which was applauded by industry insiders. Savitech's performance after its listing was quite strong among the hot-selling IPOs. After its listing, Savitech's revenue and profits both increased. On the day of the release of the 2023 third quarter report, it spent 100 million yuan to distribute dividends to all shareholders!

3. Giant Star Technology expects its net profit to reach nearly 2 billion yuan in 2023

Recently, the cross-border giant Superstar Technology released its 2023 performance forecast, and the company's net profit also ushered in rapid growth.

Giant Star Technology expects to achieve a net profit attributable to shareholders of the listed company of approximately RMB 1.65 billion to RMB 1.85 billion in 2023, an increase of 16.23% to 30.32% compared with the same period in 2022. Net profit after deducting non-recurring gains and losses is approximately RMB 1.65 billion to RMB 1.85 billion, an increase of 13.43% to 27.18% compared with the same period in 2022. Basic earnings per share are RMB 1.38 to RMB 1.55 per share, compared with RMB 1.24 per share in the same period last year.

Giant Star Technology is a world-renowned manufacturer of hand tools and power tools, with products covering nail guns, screwdrivers, power tools and other fields.

Giant Technology stated that in the second half of 2023, affected by factors such as exchange rates, international shipping costs, and raw material prices, the cost of the company's products has improved. At the same time, the overall sales price of the company's products has increased compared to 2022, and the company's profitability has also increased significantly. It is expected that the company's net profit for the whole year of 2023 will hit a record high.

4. Zhiou Technology expects annual revenue to exceed 6 billion yuan in 2023

The cross-border e-commerce giant Zhiou Technology also saw rapid growth in revenue and net profit in 2023.

According to the 2023 performance forecast released by Zhiou Technology , the company's full-year operating income is approximately 6.02 billion to 6.1 billion yuan, an increase of 10.35% to 11.82% compared with the same period in 2022. The net profit attributable to shareholders of the listed company is approximately 400 million to 420 million yuan, an increase of 59.93% to 67.92% compared with the same period in 2022.

Zhiou Technology is a cross-border e-commerce company focusing on home furniture products. It owns three major brands: songmics, vasagle, and feandrea, and its products are mainly sold to the European and American markets.

As for the reasons for the rapid growth of the company's net profit in 2023, Zhiou Technology said that the substantial decline in shipping costs and the impact of procurement costs have significantly reduced the cost of the company's main business. On the other hand, the exchange rates of the euro, the US dollar and the RMB have appreciated compared with the same period last year, and the accelerated inventory turnover has also saved storage fees.

It is worth mentioning that Zhiou Technology also successfully listed in 2023.

On June 21, 2023, Zhiou Home Furnishing Technology Co., Ltd. was listed on the Shenzhen Stock Exchange's Growth Enterprise Market. The capital market also played a certain role in promoting the growth of Zhiou Technology's performance.

5. Huabao New Energy faces huge losses

According to the 2023 performance forecast released by Huabao New Energy , the company's net profit is expected to be negative for the whole year of 2023, with net profit attributable to the parent company ranging from -200 million yuan to -140 million yuan. In the same period of 2022, the company's profit was 290 million yuan.

In 2023, Huabao New Energy's net profit after deducting non-recurring gains and losses will be between -310 million yuan and -210 million yuan, and its profit in the same period of 2022 was 270 million yuan.

Huabao New Energy's main business is the research and development, production and sales of lithium battery energy storage products and their supporting products. Its main products include portable energy storage products, solar panels and power banks.

Huabao New Energy said that the direct reason for the sharp decline in the company's net profit and heavy losses was the impact of market competition and changes in overseas markets. The company's gross profit margin also fell due to the promotion of some products and the clearance of high-cost inventory. In order to cope with market changes, Huabao New Energy increased its expenditures on brand promotion, R&D investment and talent reserves, which led to an increase in the expense rate, and the company's net profit was directly affected.

In general, in the turbulent market environment in 2023, there are still many big sellers who make a lot of money. If sellers want to break through in the current market environment and achieve rapid growth in revenue and net profit like the top sellers, they must find the right breakthrough.

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