[Industry News] Financial reports of typical cross-border e-commerce companies

three state shares

Sanzhou Shares released its financial report for the third quarter of 2023.In the first three quarters, the company achieved revenue of 1.292 billion yuan, a year-on-year increase of 5.94%; net profit of 106 million yuan, a year-on-year increase of 1.41%; gross profit margin was 32.36%, a year-on-year decrease of 5.89%; net profit margin was 8.31%, a year-on-year decrease of 4.28%.

Alibaba

Alibaba releases its third quarter financial report for 2023.In the third quarter, the company's revenue was 224.790 billion yuan, a year-on-year increase of 9%; net profit was 26.696 billion yuan.Among them, revenue from international commercial retail business was 18.978 billion yuan, a year-on-year increase of 73%.

Pinduoduo

Pinduoduo released its third quarter 2023 performance report.In the third quarter, Pinduoduo Group’s revenue was 68.84 billion yuan, a year-on-year increase of 93.9%; it achieved a net profit of 15.54 billion yuan according to U.S. GAAP, with a net profit margin of 22.6%.

Wish

Wish announced its third quarter financial report for 2023.In the third quarter, Wish’s revenue was US$60 million, a year-on-year decrease of 52%.Among them, core market revenue was US$19 million, a year-on-year decrease of 53%; product revenue was US$500, a year-on-year decrease of 55%; logistics revenue was US$3,600, a year-on-year decrease of 51%.

Coupang

Coupang releases its financial report for the third quarter of 2023.Coupang's operating profit in the third quarter was US$87.48 million, a year-on-year increase of 13%.Coupang has been profitable for five consecutive quarters since the third quarter of last year.

eBay

eBay releases its third quarter financial report for 2023.In the third quarter, eBay's revenue was US$2.5 billion, a year-on-year increase of 5%, of which foreign exchange accounts increased by 5% year-on-year.Gross merchandise volume (GMV) was $18 billion, up 2% and roughly flat on a FX-neutral basis.

Shopee

Sea, the parent company of Shopee, released its financial report for the third quarter of 2023.Sea's total revenue in the third quarter was US$3.31 billion, of which Shopee contributed US$2.42 billion, accounting for 73%.

Jumia

Jumia releases its third quarter 2023 financial report.Jumia revenue in the third quarter was US$45 million, down 11% year-on-year and up 19% at constant exchange rates.GMV was US$181 million, down 25% year-on-year and down 3% at constant exchange rates.

Ozon

Ozon releases unaudited financial report for the third quarter of 2023.In the third quarter, Ozon's GMV including services increased 2.4 times year-on-year to 450.8 billion rubles, which was mainly driven by a significant increase in the number of orders, average order value and loyal customer base.

Xinhuajin

Shandong Xinhuajin International Co., Ltd. released its third quarter report for 2023.In the first three quarters of this year, the company achieved operating income of 1.73 billion yuan, a year-on-year increase of 23.34%; net profit attributable to the parent company was 61.8064 million yuan, a year-on-year increase of 23.2%.

Lanting gathering momentum

Lanting Jishi released its financial report for the third quarter of 2023.The financial report shows that the company's total revenue in the third quarter was approximately US$154 million, compared with approximately US$121 million in the same period last year, a year-on-year increase of 27.5%.In terms of net profit, Lantingjishi turned from loss to profit in Q3. The company's Q3 net profit was approximately US$89,000, compared with a net loss of approximately US$408,000 in the same period last year.

Meikeduo

Mercado Libre released its third quarter financial report for 2023.The report showed that net income in the third quarter was approximately US$3.8 billion, a year-on-year increase of 69.1%, higher than analysts’ forecast of US$3.6 billion.Among them, net income from e-commerce business increased to US$2.1 billion, a year-on-year increase of 45.2%.Operating income was $685 million, with a profit margin of 18.2%.

Wayfair

American home furnishing e-commerce company Wayfair released its third quarter financial report for 2023.Data show that total revenue in the third quarter of 2023 was US$2.9 billion, an increase of US$104 million compared with the same period last year, a year-on-year increase of 3.7%.

Allegro

Polish e-commerce company Allegro announced its financial results for the third quarter of 2023.The financial report showed that third-quarter revenue increased by 4.8% to PLN 2.432 billion, higher than market expectations of PLN 2.427 billion.In addition, Allegro's net profit in the third quarter was PLN 241.7 million, which was also higher than market expectations (PLN 208.9 million).

PayPal

PayPal announced its third quarter 2023 results.The financial report showed that the company's third-quarter net revenue was US$7.42 billion, a year-on-year increase of 9% at fixed exchange rates, which was better than market expectations of US$7.39 billion; net profit was US$1.02 billion, a year-on-year decrease of 23.3%.

Shopify

Shopify announced its third quarter 2023 results.Data show that Shopify’s gross merchandise sales (GMV) increased by 22% in the third quarter to $56.2 billion, an increase of $10 billion from the third quarter of 2022.

Source: EWTO Institute