(2)集团在本年度完成了现有库存商品的处置后，暂停了新增库存采购及传统贸易模式下的3C类电子消费品销售，转而聚焦于自建电商平台MARTOP作为交易撮合平台，通过提供交易线索及持续利用海外短视频平台精准引流，实现交易模式的优化升级。公司目前还在对新的撮合交易业务模式进行持续测试，尚未向供应商和经销商收取佣金和服务费，因此集团在本年度尚未取得撮合交易相关的营业收益，所以，较相应期间取得的海外电商业务销售收益45.88亿港元出现了大幅下降。JOY SPREADER (06988) announced that the group expects to achieve (...)
According to Zhito Finance APP, JOY SPREADER (06988) announced that the group expects to achieve (i) revenue of no less than approximately 0.11 billion Hong Kong dollars for the year ending December 31, 2024, while the revenue for the year ended December 31, 2023, was 5.084 billion Hong Kong dollars, a year-on-year decrease of approximately 97.84%; and (ii) a net loss attributable to shareholders of approximately 1.05 billion to 1.15 billion Hong Kong dollars, compared to a net loss attributable to shareholders of 0.784 billion Hong Kong dollars for the corresponding period, representing an increase in net loss by approximately 33.90% to 46.65% compared to the corresponding period.
The Board of Directors believes that the decline in the group’s revenue and the increase in net loss attributable to shareholders this year are mainly due to the following factors: (1) At the end of 2023, the group made a strategic adjustment to its overseas e-commerce business, shifting from a capital-intensive business model of overseas trade and procurement inventory sales to a light-asset business model that provides matching trading services to suppliers and Dealers through precise marketing based on interest algorithm technology on overseas Short Video platforms, thereby reducing the capital occupied by inventory procurement and minimizing the impact of commodity price fluctuations. This year, the group facilitated overseas e-commerce transactions amounting to 1.363 billion US dollars on its self-built e-commerce platform MARTOP, representing a significant increase of 133% compared to the overseas e-commerce transaction GMV of 0.586 billion US dollars achieved in the corresponding period.
(2) After disposing of existing inventory products this year, the group suspended new inventory procurement and sales of 3C electronic consumer products under traditional trade models, instead focusing on its self-built e-commerce platform MARTOP as a transaction matching platform, optimizing and upgrading the transaction model by providing transaction leads and continuously utilizing overseas Short Video platforms for precise traffic acquisition. The company is still continuously testing new matching trading business models, and has not yet charged suppliers and Dealers commissions and service fees, so the group has not generated operational revenue related to matching transactions this year, resulting in a significant decline compared to the overseas e-commerce business sales revenue of 4.588 billion Hong Kong dollars achieved in the corresponding period.
(3) In the early stage of the transformation of the overseas e-commerce business model, the group focused on its self-built e-commerce platform MARTOP as the transaction matching platform and continued to invest funds in traffic promotion subsidies to assist the platform in precise traffic acquisition, consequently leading to the group achieving a net loss this year. The group plans to start charging suppliers a certain percentage of commission based on transaction scale from 2025, to cover the costs of traffic promotion subsidies.
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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