Secoo Holding Limited

OTCPK:SECO.Y Stock Report

Market Cap: US$706.0

Secoo Holding Past Earnings Performance

Past criteria checks 0/6

There is insufficient data on Secoo Holding's performance over the last few years.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Multiline Retail Industry Growth12.60%
Revenue growth raten/a
Return on equityn/a
Net Marginn/a
Last Earnings Update30 Jun 2022

Recent past performance updates

Recent updates

Seeking Alpha • Sep 15

Secoo stock jumps 27% on strategic cooperation with Aladdin Technology

Secoo (NASDAQ:SECO) stock jumped 27% on Thursday after the firm announced in-depth strategic cooperation with Aladdin Legend Technology, with an up to RMB 1.3B investment. The two firms will explore business opportunities in luxury shopping and value-added services. Aladdin Technology will contribute capital, talent and technological strengths, while SECO will leverage its resources in high-end fashion supply chain and sales channels. Aladdin Technology will initially invest up to RMB 100M to set up Secoo China Club. It, along with SECO, will lay out the high-end consumption circle and develop second-hand luxury goods transactions. Aladdin Technology will make a strategic investment of up to RMB 200M and subscribe for SECO's shares listed on the stock market. With up to RMB 1B, Aladdin Technology will join hands with SECO to promote innovation and upgrading of services overseas in the global luxury industry.
Seeking Alpha • Aug 19

Secoo's Online Luxury Dream Ends In Bankruptcy, Sea Of Discontent

Online luxury goods reseller Secoo has filed for bankruptcy after its business stumbled under Covid-related disruptions and internal missteps. Company’s Nasdaq-listed shares now trade at around $0.24, a fraction of the $13 they sold for in better times at its 2017 IPO. Secoo looks unlikely to benefit from any future boom in this lucrative market if and when consumption returns to earlier levels. Talking big is second nature to many an ambitious Chinese company. But luxury e-commerce platform Secoo Holding Ltd. (SECO) apparently went a tad too far with its fancy talk of setting up a shop that would "last for more than 109 years." The 14-year-old Shanghai-based company is currently struggling just to stay alive, having recently filed for bankruptcy in Beijing. Mind you, it was the second such bankruptcy filing for Secoo this year. The first came in January, though Secoo later withdrew that petition. Not surprisingly for a company in such distress, Nasdaq-listed Secoo has also faced a litany of problems that have irked everyone from shoppers to suppliers and shareholders. Covid-induced slowing consumption in China is an obvious culprit behind Secoo's woes, especially for luxury goods that no doubt saw sluggish demand as many people were confined to their homes to contain outbreaks. But the company's sorry state of affairs also points to its misguided strategy, as well as the inherent disadvantages of reselling luxury goods online in China. It wasn't supposed to happen this way. Secoo was founded in 2008 by Chinese businessman Li Rixue, who also uses the name, Richard. Chinese consumers' appetite for foreign luxury goods was growing exponentially at the time, giving rise to a strong resale market. From a second-hand handbag shop, Secoo grew to become the country's biggest luxury e-commerce platform, peddling top brands such as Valentino and Prada. It made its Nasdaq debut in 2017, raising about $140 million and boasting its status as China's "first luxury e-commerce stock." The early days on Wall Street were a luxuriant time for Secoo, whose net profit surged nearly 400%. the year of its listing. A confident Li was once quoted as saying that Alibaba founder Jack Ma "wants Alibaba to last for 102 years, and I want Secoo to last for 109 years." If these numbers sound odd, that's because Alibaba was founded in 1999, meaning a 102-year lifespan would stretch to 2101, putting Alibaba (BABA) in business for over three centuries. But Secoo's time is best measured now in much smaller units, probably months, if not weeks. The management has not commented on reports of its second bankruptcy filing earlier this month. But it dismissed a local media report that its Beijing office was empty, saying it had merely moved all of its luxury goods to its warehouse. Secoo was similarly coy when media reported in January that its corporate entity, Beijing Siku Shangmao Co, had filed for bankruptcy with the First Intermediate People's Court of Beijing Municipality, even as 153 million of its shares were frozen. It retracted the bankruptcy petition on Jan. 6, according to China's national enterprise bankruptcy information disclosure platform. No amount of coyness can dispel the concerns of Secoo's shareholders, who in the past two years have seen the stock move steadily downward before plunging to its all-time low over the last four months. On Thursday the stock closed at just $0.238, a tiny fraction of the $13 price for its September 2017 IPO. Mired with woes The spectacular tumble isn't surprising when one considers all of Secoo's woes. Earlier this month, it lost a court case in which Prada sought to freeze more than $1.6 million of its assets for a year. But the Italian luxury house, which joined forces with Secoo in June 2019, isn't alone in such disputes. In the last two years alone, the company has become tangled in hundreds of other sales contract disputes, mostly as the defendant. So where did things go wrong? Secoo's financial reports show that 2019 was its most profitable year, with revenue up 27.5% to about 6.87 billion yuan ($1 billion). But growing competition and shrinking consumption during the pandemic took a toll on the company, causing its revenue to drop 12% in 2020. The figure plunged by nearly half last year to just 3.13 billion yuan, as Secoo's net loss surged by 547%. As its business soured, the company missed payments involving tens of millions of yuan to more than 200 suppliers and was fined for fraudulent advertising and unpaid salaries. Last May, Secoo was reprimanded by Nasdaq for failing to file its annual report for the 2020 fiscal year on time. Seven months later, it was warned that it faced potential delisting after its shares traded below the benchmark $1 mark for an extended period. Not surprisingly, shoppers haven't been happy with the company either. The number of complaints against Secoo filed with the Chinese consumer rights protection platform Black Cat shot up from 8,800 at the start of this year to over 17,000 by August. Many are about fake goods, failure to deliver orders, and failure to provide refunds. The company has also consistently ranked No. 1 on the online public complaints platform Diansubao since last year in terms of consumer complaints received. With so much discontent, it's little wonder that Secoo's active user base and orders have both declined notably, from some 650,000 and 1.75 million, respectively, in the first half of 2020 to about 560,000 and 1.4 million in the same period last year. Many issues underlie the company's fall from grace. At the highest level is weak consumption during the pandemic. While Covid has been a boon for many e-commerce companies, pandemic-related international supply chain disruptions have negatively affected Chinese luxury e-commerce companies such as Secoo.
Analysis Article • Dec 08

What Type Of Shareholders Own The Most Number of Secoo Holding Limited (NASDAQ:SECO) Shares?

Every investor in Secoo Holding Limited ( NASDAQ:SECO ) should be aware of the most powerful shareholder groups...

Revenue & Expenses Breakdown

How Secoo Holding makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:SECO.Y Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 222,770-1,34154773
31 Mar 222,951-95459387
31 Dec 213,132-566639100
30 Sep 214,663-361724108
30 Jun 215,234-77686113
31 Mar 215,777-51709113
31 Dec 206,020-72733114
30 Sep 205,70127668110
30 Jun 206,27066723108
31 Mar 206,67598821106
31 Dec 196,846154879101
30 Sep 196,62216090596
30 Jun 196,25215087591
31 Mar 195,76014077386
31 Dec 185,38815266080
30 Sep 185,00715260478
30 Jun 184,41610354474
31 Mar 183,98120948469
31 Dec 173,740-6945562
30 Sep 173,208-26435454
30 Jun 172,907-42032551
31 Mar 172,714-73133352
31 Dec 162,594-64037554
30 Jun 162,207-45545844
31 Mar 161,968-31943142
31 Dec 151,743-43638841

Quality Earnings: Insufficient data to determine if SECO.Y has high quality earnings.

Growing Profit Margin: Insufficient data to determine if SECO.Y's profit margins have improved over the past year.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if SECO.Y's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare SECO.Y's past year earnings growth to its 5-year average.

Earnings vs Industry: Insufficient data to determine if SECO.Y's earnings growth over the past year exceeded the Multiline Retail industry average.

Return on Equity

High ROE: SECO.Y has a negative Return on Equity (0%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/07 21:19
End of Day Share Price 2026/06/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Secoo Holding Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Karen ChanJefferies LLC