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生意宝(002095):交易平台开始发力 业绩向上拐点出现

Business treasure (002095): the trading platform begins to make efforts and the performance shows an upward inflection point.

國元證券 ·  Apr 26, 2018 00:00  · Researches

According to the annual results report released on the evening of April 26, the net profit attributed to the owner of the parent company in 2017 was 19.169 million yuan, up 51.90 percent over the same period last year; operating income was 362 million yuan, up 11.63 percent over the same period last year; and basic earnings per share was 0.08 yuan, an increase of 60 percent over the same period last year. At the same time, according to the first-quarter results report, during the reporting period, the net profit attributable to the owner of the parent company was 13.0506 million yuan, an increase of 100.80 percent over the same period last year; operating income was 77.104 million yuan, down 12.65 percent from the same period last year; and basic earnings per share was 0.05 yuan, an increase of 66.67 percent over the same period last year. The company estimates that the change in net profit belonging to shareholders of listed companies from January to June 2018 will be 100%, 150%.

Text:

The construction business of B2B trading platform and supply chain financial platform developed rapidly, and the growth rate of net profit changed from negative to positive, and accelerated.

Since 2017, the company's net profit has ended its downward trend and its growth rate has changed from negative to positive. The net profit growth rates of 2015, 2016, 2017Q2 and 2018Q1 companies are-46%,-30%, 8% and 101%, respectively.

According to the 2017 annual report, the company's revenue from network basic services increased by 83% compared with the same period last year, with a gross profit margin of 93% and revenue accounting for 18%, up 7% from 11% in 2016. The company is engaged in the construction and maintenance of the trading platform industry.

There are hundreds of thousands of potential customers, the renewal rate is more than 80%, and the trading platform business is the focus of the future.

The privatization trading platform built by the company adopts the SaaS model and has been built for a short time. Shang Ye Bao said on the investor relations interactive platform that the renewal rate of its customers has been above 80 per cent. Considering that the new business has been carried out for a short time, the number of large-scale enterprises in China is about 200000, and the number of core members is very considerable, and the growth rate may continue to increase in the future.

The supply chain finance business has developed well, and the new core quota of 2018Q1 has increased on a large scale.

The translation is provided by third-party software.


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