The second quarter net revenue of the United States excellent products 154.4 million U.S. dollars, compared with the same period last year 41.9%

Abstract: Poly-Mei Excellent products (Securities code: JMEI) today released earnings. Earnings showed the second-quarter net revenue of Poly-Mei products 154.4 million U.S. dollars, a 41.9% increase from the same period last year, net profit of 15.4 million U.S. dollars, a decline of 7% from the previous quarter. With the second quarter earnings released, the gathering

Poly-Mei Products (Securities Code: JMEI) today released earnings. Earnings showed the second-quarter net revenue of Poly-Mei products 154.4 million U.S. dollars, a 41.9% increase from the same period last year, net profit of 15.4 million U.S. dollars, a decline of 7% from the previous quarter.

With the results of the second quarter, Poly-Mei products also ended in recent days, the rally, which closed down 2.34% today, after a fall of 2.96%, but the current market value of the United States is still high, to 5.268 billion U.S. dollars.

From the market value, Jingdong market value of 41.155 billion U.S. dollars, in the stock market after Tencent and Baidu, only the market value of 12.512 billion U.S. dollars, living in the forefront of the stock. Only when valuations are valued at only 1.21 billion dollars are they relatively undervalued in several homes.

From a relative point of view, the current valuation of the United States and the actual size of the gap is still in a certain degree of overvaluation, Jingdong, although still in the loss, but with the concept of Tencent in support, and still at high speed growth, with imagination space.

BEIJING-East Scale advantage is obviously the smallest amount of poly-US body

From the scale of growth, the current listing of the 4 mainstream business enterprises in Beijing east of the largest volume, and the Beijing-east and only goods will, when the gap between the United States is constantly widening. BEIJING-East's second quarter revenue was 28.612 billion yuan, up 64% from a year earlier.

Active users in the Beijing-east quarter grew 94% from 19.6 million in the second quarter of 2013, to 38.1 million in the second quarter of 2014. In the second quarter of 2014, the volume of orders was 163.7 million, up 126% from a year earlier.

Tencent Strategic stake in the east after the Beijing-East line in the micro-letter platform "shopping" first-level entrance. August 8, 2014 Jing Dong opened Tencent mobile phone QQ first class entrance. Although the conversion rate of micro-letter portal users and mobile QQ entrance conversion rate is relatively lower than the outside expectations, the Beijing-East Mobile client, but these channels to help the BoE better reach the user, and strengthen the leading edge.

Relatively speaking, the only product will grow faster these two years, establish and when the comparative advantage, only the second quarter of the total net revenue reached 829.4 million U.S. dollars, compared with a year earlier growth of 136.1%. The number of active users was 9.3 million, an increase of 167.9% over a year earlier.

Only 26.3 million of total orders were added in the second quarter, up 138.4% from a year earlier. Only goods will be the total number of orders increased, mainly because the company continued to optimize and enhance the PC and mobile end can choose the brand and the number of goods and mergers and acquisitions, such as the Peak network.

In terms of volume, the total net revenue in the second quarter amounted to 154.4 million U.S. dollars, up 41.9% from a year earlier, mainly due to the increase in the number of active users and the total number of orders, but only half of the volume.

And the United States recently a period of time the biggest worry is to be exposed to fake sales, prior to the supplier 祎 Peng Heng industry through Poly-Mei excellent products, such as a number of electric platform sales of counterfeit clothing and watches, this gives the reputation of excellent products have a great impact on the growth of its budding shadow

The level of gross profit margin is improving

In the electric business enterprise gross profit margin is the highest is the cosmetics, followed by the clothing, again is the book, finally is 3C, gathers the United States, only the goods will, when, the Beijing East Gross profit margin respectively is 46%, 25%, 18%, 11%, basically reflects the respective category difference.

such as the Beijing-east margin status in the continued improvement in the second quarter of 2014, the gross margin of 3.155 billion yuan, gross margin reached 11%, a new high in recent years, the same period was 8.9%, up from a year earlier a 2.1% increase.

In fact, due to the continuous shuffling and differentiation of electric business enterprises, the electric business industry gradually farewell to the Red Sea competition, poly United States, only goods will, when, Jingdong gross margin is also in the last 2 years the best level.

Beijing east loses 4.377 billion yuan for the most serious loss

From the point of view of net profit, the state of the enterprise is continuously improving, in order to take it as an example, once plunged into the book field of war, resulting in the decline in gross profit margins, but as competitors have to quit the book Field competition, its net interest rate is rising.

When the second quarter net profit of 28.8 million yuan, is the first quarter 2 million profit 14 times times, the same period last year losses 64 million. First half when the net profit broke through 30.8 million yuan, the first year of listing (2010) full-year profit. And 2011, 2012, 2013 when the net deficit for three consecutive years, respectively-228 million yuan,-444 million yuan, and-143 million yuan.

Only goods will be several electric enterprises in the first profitable enterprises, only the second quarter net profit, although compared with the last quarter of 1%, but has continued to profit for 7 consecutive quarters, the United States in addition to the fourth quarter of 2013 losses, the other quarter of the basic profit.

The current large-scale loss of the enterprise is Jingdong, It loses 4.377 billion yuan in half a year, however, this loss needs to be viewed rationally, such as the net loss of the second quarter of 2014 to 582 million yuan, but this is mainly due to the Tencent strategic agreement with the assets and business acquisition of intangible assets of the amortization costs, will not affect the day-to-day operation of the East Beijing.

Jing Dong last quarter 3.795 billion, reached the most in the last two years, this is also not business, but the BoE accounted for a sum of 3.67 billion yuan, about 606 million U.S. dollar equity expenses, this equity is mainly awarded to Jingdong CEO Liu (Weibo).