The performance of cross-border sales in the third quarter has changed! The reason behind it is surprising...

Recently, major cross-border sellers have successively released their third-quarter financial reports.

Some people are making a lot of money, while others' performance has plummeted . It can be said that some are happy while others are sad.

Santai shares' Q3 net profit plummeted by 30% , and the company suffered a loss of nearly 15 million due to employee fraud !

Shenzhen Santai E-commerce Co., Ltd. was established in 2008. The company is mainly engaged in cross-border e-commerce export business and third-party export cross-border e-commerce logistics business. It has 830,000 SKUs on sale and nearly 100 subcategories. It is a well-known "distribution king" . Among them, Santai 's hobbies and home life products continue to sell well. Its products are mainly sold through Amazon, eBay, AliExpress, Wish, Lazada, Shopee and other platforms, covering a wide range.

According to the financial report data released by Santai Shares , in the third quarter of 2023 , the company achieved operating income of approximately 445 million yuan, an increase of 9.84 % over the same period last year. Net profit was approximately 25.8046 million yuan, a decrease of 30.69% over the same period last year.

In the first three quarters of 2023, Santai Co., Ltd. achieved operating income of approximately 1.292 billion yuan, an increase of 5.94% compared with the same period last year, and net profit of approximately 107 million yuan , an increase of 1.41% compared with the same period last year , and basic earnings per share of 0.16 yuan.

Regarding the reasons for the decline in net profit in the third quarter of 2023 , Santai Co., Ltd. stated that the company's non-recurring gains and losses were due to a criminal fraud case that occurred in a subsidiary of the company . The company has reported the case to the Nanshan Branch of the Shenzhen Public Security Bureau. The case has been filed by the public security organs and is still under investigation.

It is understood that in August this year , a criminal fraud case occurred in a subsidiary of Santai Co., Ltd., in which internal employees were suspected of conspiring with external personnel to defraud the subsidiary of 14.96 million yuan, causing losses to the company.

It is worth mentioning that Santai Co., Ltd. was listed on the Shenzhen Stock Exchange Growth Enterprise Market on September 28 this year . The total number of shares issued publicly was 118.46 million shares, 46.2 million shares were issued online, the issue price was 7.33 yuan per share, the issue price-earnings ratio was 45.19 times , and the total amount of funds raised was 868 million yuan .

This is the first time that Santai Shares has released a performance report after its listing. Let us wait and see whether Santai Shares ' performance in the fourth quarter of this year can usher in rapid growth with the help of the capital market .

In the first three quarters, Gemtek suffered a net loss again and made a big investment to enter a new track!

Founded in 2006 and headquartered in Shenzhen, JMET is one of the well- known mobile smart terminal accessories companies in the industry . The company is mainly engaged in the research and development, sales and brand operation of global high-end electronic accessories products. Best-selling products include mobile phone protective cases, tablet protective cases, and other 3C products.

According to the financial report data released by Gemtek , in the third quarter of 2023, Gemtek achieved operating income of approximately 223 million yuan , an increase of 15.57 % over the same period last year; the net profit attributable to shareholders of the listed company was approximately 4.8482 million yuan, an increase of 869.73 % over the same period last year . The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was a loss of approximately 3.7506 million yuan, an increase of 63.23 % over the same period last year .

In the first three quarters of 2023, Gemtek achieved operating income of approximately 467 million yuan, a decrease of 15.52% compared with the same period last year.

In the first three quarters of this year , JMET realized a net loss of approximately RMB 22.4925 million attributable to shareholders of the listed company , a decrease of 41.62% compared with the same period last year, and a net loss of approximately RMB 52.9559 million attributable to shareholders of the listed company after deducting non-recurring gains and losses , a decrease of 12.37 % compared with the same period last year . The basic earnings per share loss was RMB 0.1757, a year-on-year decrease of 41.58%.

Regarding the reasons for the decline in performance in the first three quarters of 2023 , Gemtek stated that the market environment in the downstream industry in which the company is located has been changing. Affected by multiple factors such as major global trade and economic frictions, chip market supply and product innovation cycles , the demand and sales of mobile smart terminal products have continued to decline, resulting in the company's ODM/OEM business and own-brand business being affected to a certain extent.

In 2020 , Gemtek was successfully listed on the Shenzhen Stock Exchange's Growth Enterprise Market . On the first day of listing, its total market value reached 9.635 billion yuan. At that time, the capital market was very optimistic about Gemtek , and its stock price soared all the way, even rising to 95.22 yuan per share at its peak, with a market value of more than 12 billion yuan .

But then , Gemtek's stock price and net profit continued to decline , and its current market value is only 2.842 billion yuan .

In order to reverse the downward trend, JMET announced in October this year that it would enter the field of intelligent robots and planned to use its own funds to increase its capital by RMB 8.8 million in Shenzhen Siaotuo Technology Co., Ltd.

The deeper reason why Gemtek chose to expand into the field of intelligent robots is that it took into account the broad market prospects of intelligent robots. If the investment is right this time, it will be possible to pull it out of the quagmire that is constantly sinking.

Qixin Group's revenue in the first three quarters exceeded 3 billion yuan

Qi Xin Group was founded in 1991 and focuses on government and enterprise procurement services. As early as 2009 , it was listed on the Shenzhen Stock Exchange . At present, Qi Xin Group 's main businesses are: B2B office supplies research and development, production and sales; SaaS cloud video services, etc. After more than 30 years of development, Qi Xin Group has become a leading enterprise in China's B2B office supplies services and SaaS cloud video , and its business has expanded to more than 120 countries and regions around the world .

According to the financial report data released by Qixin Group, in the third quarter of 2023, Qixin Group achieved operating income of approximately 3.307 billion yuan , an increase of 33.38% over the same period last year ; net profit was approximately 67.7388 million yuan, an increase of 17.85% over the same period last year . The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was approximately 72.8501 million yuan, an increase of 29.51% over the same period last year .

In the first three quarters of 2023, Qi Xin Group achieved operating income of approximately RMB 7.76 billion, an increase of 15.13 % compared with the same period last year.

In the first three quarters, Qi Xin Group achieved a net profit attributable to shareholders of listed companies of approximately RMB 148 million , an increase of 3.92% compared with the same period last year. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was approximately RMB 146 million , an increase of 14.52 % compared with the same period last year.

Overall, Qi Xin Group 's revenue and net profit maintained steady growth in the first three quarters, and its overall performance was positive.

Since its listing in 2009, Qi Xin Group has been based on its own brand "COMIX Qi Xin" to provide comprehensive office stationery, office supplies, office equipment and other products to domestic and foreign customers .

Specifically, the own brands of Qixin Group are composed of eight brands, including COMIX Qixin, COMIX Qixin Office, COMIX Qixin Stationery, Compera, V'mo, and Yiwen. The products include stationery, comprehensive stationery, writing tools, paper books, OA equipment and consumables, printing equipment and consumables, office life, packaging tape, and conference display supplies, a total of 9 categories, and the products can cover a variety of usage scenarios, including corporate office, party and government office, smart office, family life, and student learning scenarios .

"Comix" , as a well-known office product brand under Qi Xin Group , has products that rank high in multiple categories on the Amazon platform .

Since 2015, Qi Xin Group has extended its main business to enterprise-level SaaS business , and has continued to deploy in sub-sectors such as data marketing, cloud video conferencing, etc.

Overall, Qi Xin Group has a great advantage in the office supplies market . Faced with complex and severe domestic and international situations and numerous risks, Qi Xin Group has demonstrated high profitability and sustainable development capabilities, maintaining a steady growth trend.

In the last quarter of this year, the cross-border e-commerce market still has both opportunities and challenges . If sellers want to break through the fierce market competition, they must find the right breakthrough.

Big Sell

Third quarter financial report