According to Futu News on May 27,$EDA GROUP HLDGS (02505.HK)$Today's dark market opened higher. It is now up 39.47% to HK$3.18, with a turnover of HK$4.6816 million and a total market value of HK$1,399 billion.
Company Overview
EDA Group Holdings (Yidayun) is a supplier focusing on providing one-stop end-to-end supply chain solutions for e-commerce sellers and customers. It is committed to empowering China's rapidly growing B2C export e-commerce industry. The supply chain solutions provided by the company cover cross-border logistics, overseas warehousing and contract delivery services, and service integration is carried out through the self-developed Yida Cloud platform, which has built-in various digital supply chain management tools.
Yidayun's business model is mainly based on the overseas warehouse model, which is a relatively new logistics strategy in the e-commerce industry. Compared with the direct mail model, the overseas warehouse model can reduce the uncertainty and price fluctuations of first-line delivery, and achieve more efficient and timely product delivery. The company also provides value-added services including product return processing and inventory disposal to reduce customer workload.
According to Frost & Sullivan's data, China's B2C export e-commerce market is expected to grow at a compound annual growth rate of 13.5% from 2023 to 2028. Therefore, the market size of B2C export e-commerce supply chain solutions using the overseas warehouse model is expected to grow at a CAGR of 13.7% over the same period, reaching RMB 387 billion in 2028.
According to Frost & Sullivan data, as of 2023, Yidayun ranked sixth among all B2C export e-commerce supply chain solution providers in China that mainly use the overseas warehouse model, with a market share of about 0.5%. In the entire Chinese export e-commerce supply chain solution market, E-Dayun's market share is about 0.1%.
Financial Overview
In terms of financial conditions, Yidayun's revenue in 2021, 2022, and 2023 was RMB 631.9 million, RMB 708.7 million, and RMB 1,2009.3 million respectively. The compound growth rate from 2021 to 2023 reached 38.34%. The gross profit was RMB 106.9 million, RMB 106.5 million, and RMB 197.1 million respectively. The compound growth rate from 2021 to 2023 reached 35.82%.
Edit/Lindsay