Author |Deepwater Finance & Economics **
On the evening of January 26, Focus Technology (002315), a leading B2B cross-border e-commerce company, released a performance forecast with an attributable net profit of 3 in 20236.5 billion to 38.5 billion yuan, a year-on-year increase of 2151% to 2816%。
Focus Technology's 2023 Results Forecast Voluntary Disclosure Announcement.
Shenshui Finance and Economics observed that in the first three quarters of 2023, Focus Technology achieved an attributable net profit of 297.7 billion yuan. This means that in the fourth quarter, the company achieved an attributable net profit of 067.3 billion 087.3 billion yuan, a year-on-year increase of 911%~41.54%, which is a bit of a stretch.
It is worth mentioning that Focus Technology did not disclose 2023 revenue data like most listed companies, and it is estimated that the tepid revenue in the first three quarters of this year will most likely continue to the fourth quarter.
Specifically, this year.
In the first, second and third quarters, the company's revenue growth was sluggish, with year-on-year growth respectively. 60% and 113%；However, the company's attributable net profit has increased significantly, with a year-on-year increase of % and 2469%。
On the one hand, while the revenue of Made-in-China Network has increased steadily, it has continued to reduce costs and increase efficiency. For the main reason for profit growth in 2023, Focus Technology said in the announcement.
Exclusive shooting by Deepwater Finance Club.
Headquartered in Nanjing, Focus Technology was founded in 1996 and listed on the A-share market in December 2009. The company is a company engaged in B2B e-commerce, has introduced the Internet into foreign trade, insurance, enterprise procurement and other fields, operating a number of brands such as Made in China, DOBA, Inqbrands, Xinyi Station Insurance Network, etc., and its income is mainly collected from corporate members of membership fees, commissions and value-added services.
In recent years, cross-border e-commerce has become an important breakthrough to promote the transformation and upgrading of the foreign trade industry and create new economic growth points, so that more people can "buy global and sell global".
According to the preliminary statistics of the General Administration of Customs of China, in 2023, China's cross-border e-commerce import and export will be 238 trillion yuan, an increase of 156%；According to iiMedia Consulting survey data, in 2024, the proportion of small, medium and micro enterprises that have implemented the overseas layout will reach respectively. 5% and 136%。
The continuous expansion of the cross-border e-commerce market has also catalyzed the continuous improvement of the profitability of listed companies in the relevant industrial chain.
Focus Technology has provided e-commerce services for domestic export-oriented small and medium-sized enterprises for 26 years, and Made-in-China.com is the company's largest revenue, providing a bridge for domestic merchants and foreign buyers through online and offline methods, accounting for more than 80% in the first half of 2023.
With the large model represented by ChatGPT setting off a new wave of global artificial intelligence technology development, AI has also begun to penetrate into the foreign trade industry. In April 2023, Made-in-China.com launched an AI foreign trade assistant, which was upgraded to 3. in September of the same yearVersion 0 marks the arrival of "Digital Intelligence Employees".
Guohai** research report believes that the AI assistant "Michael" is expected to gradually penetrate the platform's existing paid members, promoting the overall membership payment rate and ARPU value increase.
However, as of the third quarter of this year, the number of senior members of Focus Technology's fist product, Made-in-China.com, was 2430,000, a decrease of 136 from the same period last year.
On the other hand, investment income also played a thicker role in the performance of Focus Technology. Focus Technology said in the pre-increase announcement that in 2023, the company will participate in Jiangsu Suning Bank and distribute cash dividends of 19.9 million yuan, which will be included in the investment income account.
In 2023, Suning Bank's total assets will be 11635.6 billion yuan, an increase of 1157%, ranking among the top three similar banks in the country. Focus Technology invested 39.8 billion yuan, accounting for 995%, which is the top ten shareholders of the bank, and stable dividends can be expected in the future.
According to the financial report, not only Suning Bank, but also Focus Technology also holds the equity of ten companies such as Kilometer Network and Zebra Software, and none of them are for the purpose of **.
(Exclusively released by Shenshui Finance and Economics, a global market capitalization research institution, **Please indicate the source for citation).