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China's cross-border e-commerce industry is expected to continue to grow rapidly in the future.

"Caller Brother" Yuan Bingsong lost contact

On August 18, according to media reports,Yuan Bingsong, the founder of Shenzhen Lai Dian Technology Co., Ltd. (Laidian Technology), one of the giants in the shared power bank industry, and also known as "Brother Lai Dian", has lost contact recently. Also missing at the same time is Han Bing, the first person to take over Shenzhen Lai Dian.It is reported that the two were held accountable by a legal team hired by local state-owned assets for being involved in the loss of state-owned assets.

According to reports, Yuan and Han may have been involved in the loss of state-owned assets during their cooperation with the second-hand buyer of Shenzhen Lai Dian, the state-owned assets of Pujiang County, Zhejiang Province. Further news showed that a total of six people related to Shenzhen Lai Dian, including Yuan Bingsong and Han Bing, had lost contact one after another.

Data shows that at the end of 2022, Pujiang Laidian Zhengqi Technology Co., Ltd. (Pujiang Laidian), which is mainly state-owned in Pujiang County, Zhejiang Province, controlled 100% of Laidian Technology's equity. Pujiang Laidian obtained the controlling stake in Laidian Technology from Han Bing, the first buyer.Lai Dian Technology is the first project of Pujiang County to attract investment through the "fund + equity + project" model, and is a groundbreaking innovative experiment in attracting investment.

During 2022, due to a large number of lawsuits from suppliers and agents, Pujiang Lai Dian's account was also frozen. The recipient of Lai Dian Power Bank,Quietly changed from Pujiang Lai Dian to Shenzhen Lai Dian Ge Information Technology Co., Ltd., and this company is not controlled by Pujiang Lai Dian, but by Yuan Bingsong.

Whether this change in the payment entity is suspected of transferring benefits to Yuan Bingsong and others, thereby leading to the loss of state-owned assets, may be the reason why the relevant callers from Shenzhen have lost contact one after another.

From the overall situation of the industry, with the popularity of smart phones and the rapid development of mobile Internet, people's demand for mobile charging is increasing, and the shared power bank industry has ushered in a broad market space. However, this industry is also facing fierce competition and a changing market environment. Enterprises need to continue to innovate and adjust their strategies to adapt to market changes.

my country's cross-border e-commerce imports and exports

Increased 1.2 times in five years

Recently, the "White Paper on Development Trends of China's Export Cross-border E-commerce in 2024" (hereinafter referred to as the "White Paper") was released at the China (Guangzhou) Cross-border E-commerce Trade Fair.

The White Paper comprehensively analyzes the macro-industry development trends and micro-enterprise growth needs, and clearly states that:China's cross-border e-commerce exports have entered a new stage of high-quality overseas expansion.

It is reported that this is the sixth time that Amazon Global Selling has released its annual industry development "White Paper". Unlike previous years, this year's "White Paper" focuses on "all-round innovation" to drive "high-quality overseas expansion", and proposes six specific innovation paths that run through products, technology, operations, supply chain, brand and business model. It shows that in the past two years, the number of Chinese sellers with sales of more than 1 million US dollars on Amazon's global sites has increased by nearly 55%.

In addition, according to preliminary estimates by the customs, in the first half of 2024, China's cross-border e-commerce imports and exports will reach 1.22 trillion yuan, a year-on-year increase of 10.5%, 4.4 percentage points higher than the overall growth rate of my country's foreign trade in the same period. From 1.06 trillion yuan in 2018 to 2.38 trillion yuan in 2023,fiveBetween 2016 and 2018, my country's cross-border e-commerce imports and exports increased by 1.2 times.

Industry insiders believe that China's cross-border e-commerce industry is expected to continue to grow rapidly in the future, and emerging markets such as Southeast Asia and Latin America are expected to become new blue oceans for domestic cross-border e-commerce companies to accelerate their expansion.

Cross-border e-commerce industry dynamics

On August 13, Southeast Asian e-commerce platform Lazada recorded positive EBITDA (earnings before interest, taxes, depreciation and amortization) in July this year and achieved profitability.

On the same day, Sea, the parent company of Shopee, Southeast Asia's leading e-commerce platform, also released its second quarter 2024 financial report. The group's total revenue reached US$3.8 billion, a year-on-year increase of 23%, exceeding market expectations of US$3.71 billion.

According to news on August 14, cross-border e-commerce Xiyin Group plans to establish a supply chain headquarters in Zengcheng District, Guangzhou City, Guangdong Province with a total investment of 3.69 billion yuan.

According to official news from TikTok Shop, starting from August 16, TikTok Shop in the United States will launch a "store deposit" policy for cross-border self-operated merchants.

In addition, on August 12, Three Sheep announced that it had officially signed a global strategic cooperation agreement with Jitu Express to jointly explore logistics solutions under new business models such as cross-border e-commerce.

On the evening of August 15, Alibaba released its first quarter results for fiscal year 2025. Alibaba's international e-commerce business maintained strong growth, with revenue increasing by 32% year-on-year to RMB 29.293 billion, of which international retail business grew rapidly by 38%. The company's strong performance was driven by the growth of cross-border business, especially the AliExpress Choice business.

A research report by Western Securities pointed out that the cross-border e-commerce market is showing a global growth trend, and the size of the cross-border e-commerce market is increasing day by day. Among them, export e-commerce occupies a dominant position, and there will still be new breakthroughs in the future.

13 cross-border e-commerce stocks

Unanimously optimistic about the institutions

On June 11 this year, the Ministry of Commerce and nine other departments issued the "Opinions on Expanding Cross-border E-commerce Exports and Promoting Overseas Warehouse Construction", the core goal of which is to expand cross-border e-commerce exports, optimize the layout of overseas warehouses, and accelerate the cultivation of new foreign trade momentum. In this regard, AVIC Securities said,The release of cross-border e-commerce support policies is beneficial to leading cross-border e-commerce companies.

According to statistics from Securities Times Databao, as of August 18, 24 cross-border e-commerce stocks have released their 2024 semi-annual reports. Among the stocks with net profits exceeding 100 million yuan in the first half of this year,TCL Smart Home, Debang Holdings, Jiayi Holdings, and Oriental ForexThe performance of 7 stocks achieved positive growth.

in,Jiayi SharesThe company achieved a net profit of 317 million yuan in the first half of the year, a year-on-year increase of 94.56%. The company's products are mainly sold to the European and American markets. Benefiting from the continued increase in orders from core major customers, its performance continued to grow rapidly.Oriental Gain CapitalRevenue and net profit grew steadily in the first half of the year, with cross-border e-commerce logistics business performing well.

From the perspective of valuation, the rolling P/E ratio of many stocks is less than 30 times, among whichWuchan Zhongda, Sinotrans, Guolian Holdings, TCL Smart Home, Jianlin Home FurnishingThe P/E ratios of some other stocks are less than 10 times.

Among the above-mentioned undervalued stocks, 13 stocks have been unanimously predicted by more than three institutions to have a net profit growth rate of more than 20% in both this year and next year.Henglin SharesThe company has received a consensus forecast from 15 institutions that its performance this year will increase by more than 100%; the company is a leading domestic developer of healthy seating and one of the largest office chair manufacturers and exporters in China; in the first quarter of this year, the company's cross-border e-commerce revenue accounted for 30%.

Statement: All information content of Databao does not constitute investment advice. The stock market is risky and investment should be cautious.

Editor: He Yu

Proofreading: Zhu Tianting

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