Revenue cut in half! Zebao "cuts off" from Amazon, Youkeshu's assets seized

It is learned that recently, Xinghui Shares, the parent company of the cross-border big seller Zebao Technology, has updated the previously published "2022 Semi-annual Report". The content shows that during the reporting period, Xinghui Shares achieved a total revenue of 1.256 billion yuan , a decrease of 48.26% compared with the same period last year ; and achieved a net profit attributable to the parent of -17.6 million yuan , a year-on-year decrease of 116.85% .

This year, due to various factors, the global economy has slowed down, consumer power has declined, and the cross-border e-commerce industry has experienced a significant decline. Judging from the semi-annual reports released by many cross-border sellers, their financial report data are not optimistic. In addition, the dispute between Xinghui Co., Ltd. and Zebao Technology over the gambling agreement was a hot topic before, so the content of Xinghui's report is not surprising.

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Amazon's business has dropped by 80%! The impact of account suspension continues

From the perspective of product business proportion, the sales of core products that Zebao Technology relies on have declined significantly across the board, whether it is power supplies, Bluetooth audio, small household appliances or computer and mobile phone peripherals , which have decreased by 50%~83% year-on-year .

▲ The picture comes from Xinghui Co., Ltd.'s "2022 Semi-annual Report"

▲ The picture comes from Tencent’s stock selection

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Youkeshu’s loans were overdue and many of its properties were seized

It is learned that on October 11, Tianze Information, the parent company of Youkeshu, issued an "Announcement on the Progress of Overdue Bank Loans and Litigation Involving the Company" . The content shows that due to the failure to repay the short-term working capital loan provided by Pudong Development Bank to the company on time, the Nanjing Branch of Shanghai Pudong Development Bank filed a lawsuit against the company.

▲ The picture comes from Tianze Information Announcement