What is ATC? ATC Review

Shenzhen Aitaocheng Network Technology Co., Ltd. (Aitaocheng) is a cross-border e-commerce enterprise integrating e-commerce, logistics, warehousing, and cross-border export retail trade. It mainly purchases goods from China, and after a series of cross-border processes such as logistics, customs declaration, and warehousing, it sells products to end consumers through overseas third-party online retail platforms such as eBay and Amazon to earn the difference between sales revenue and procurement costs.

About AiTaoCity

The company is headquartered in Shenzhen. High-end talents from the e-commerce field and software development have formed complementary advantages, laying a solid foundation for building a global and international team. It has marketing operation branches in Germany, the United Kingdom, Canada, the United States, Australia, and Japan, and has corresponding advanced three-dimensional warehouse management systems and high-speed delivery operation platforms for supporting services. It has established long-term strategic partnerships with local operators and launched all-round in-depth cooperation. It has regional, multi-point procurement centers and a huge product supply chain system in the Asia-Pacific region, which effectively guarantees the market advantage competitiveness and comprehensive supporting supply of products. It has an advanced point-to-point and point-to-multi e-commerce logistics distribution system, which meets the extreme speed demand and supply of customers in modern society.

Revenue

-In 2013, the revenue was RMB 57.3495 million and the net profit was RMB -7.8263 million.

-In 2014, the company's revenue was RMB 122 million and net profit was RMB 8.4602 million.

-Revenue in 2015 was RMB 160 million.

- In 2016, AiTaoCheng's e-commerce revenue exceeded RMB 300 million, an increase of 82.77% over the same period last year when it was RMB 164 million. The gross profit margin was 52.82%, and the net profit attributable to AiTaoCheng's shareholders was RMB 9.3 million.

-The 2017 Aitaocheng semi-annual report shows that from January to June 2017, Aitaocheng achieved a total operating income of 126.5 million yuan, an increase of 6.5% over the same period last year.

Listing and Delisting

- Aitaocheng established a listing team in April 2014 to prepare for the listing on the New Third Board and conduct a comprehensive review and standardization of the company's business, finance, and management.

-On July 20, 2015, the company completed its transformation into a joint-stock company.

- July 29, 2016, submit listing materials.

-On November 15, 2016, it was officially listed on the New Third Board.

As Aitaocheng failed to disclose its 2017 annual report within the prescribed time, in accordance with Article 4.5.1, Item 3 of the "National Equities Exchange and Quotations Business Rules (Trial)", the National Equities Exchange and Quotations Co., Ltd. decided to terminate the listing of its shares from August 24, 2018.

Acquisitions

-On April 17, 2017, Shandong Xinhuajin International Co., Ltd. issued the "Announcement of Shandong Xinhuajin International Co., Ltd. on the Signing of a Major Asset Restructuring Framework Agreement", stating that it would acquire Aitaocheng.

-In May 2017, Shandong Xinhuajin International Co., Ltd. (hereinafter referred to as Xinhuajin) issued an announcement stating that due to the large differences in the valuation of the target assets between the two parties and the difficulty in reaching a consensus, Xinhuajin terminated the restructuring cooperation with Aitaocheng.

Development History

-In July 2010, ATC was established and entered eBay. Overseas warehouses in the UK, US and Germany were put into use, becoming the sales champion in the Asia-Pacific region of eBay; Shenzhen Langxin Trading Co., Ltd. was established.

-In 2011, we entered Amazon, activated SAP ERP, registered our first private brand, and started external services through overseas warehouses.

-In 2012, the sales volume reached 1 million USD/month, and the company was ranked among the top 10 sellers in Greater China on eBay. Overseas warehouses in Japan, Australia and Canada were opened and the company was invited to provide product supply link services and overseas warehouse services. The company changed its name to Shenzhen Aitaocheng Network Technology Co., Ltd.

-In 2013, the US warehouse reached 10,000 square meters and a transit warehouse was established. BBC News reported that ATC became the global overseas market for ZTE mobile phones.

-In 2014, the company was recognized as a national and Shenzhen high-tech enterprise.

-In 2015, the New Third Board was launched and the company officially carried out a share reform and changed its name to Shenzhen Aitaocheng Network Technology Co., Ltd. In the same year, it obtained the approval of the capital party and started and completed the A round of financing.

-In 2016, Aiyou.com, in cooperation with Shenzhen Post, was officially launched in January and completed its A+ round of financing in the same year.

-On November 15, 2016, it was officially listed on the New Third Board.

Financing

-On February 10, 2016, undisclosed investors invested RMB 27.5 million in Shenzhen Aitaocheng Network Technology Co., Ltd.

-On April 13, 2017, Hunan Honggao High-Tech Service Venture Capital Co., Ltd. invested RMB 10 million in Shenzhen Aitaocheng Network Technology Co., Ltd.