New Risk • 7h
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-CN¥240m free cash flow). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Duyuru • Jun 30
Global Top E-Commerce Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026 Global Top E-Commerce Co., Ltd. announced that they will report first half, 2026 results on Aug 27, 2026 Duyuru • Jun 16
Global Top E-Commerce Co., Ltd. Approves Directorate Appointments Global Top E-Commerce Co., Ltd. at its Extraordinary General Meeting of 2026 on 12 June 2026 approved appointment of Yao Chonghui as non-independent director and Wang Lan as non-independent director. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: CN¥0.10 (vs CN¥0.002 loss in 1Q 2025) First quarter 2026 results: EPS: CN¥0.10 (up from CN¥0.002 loss in 1Q 2025). Revenue: CN¥1.29b (up 2.9% from 1Q 2025). Net income: CN¥157.2m (up CN¥161.1m from 1Q 2025). Profit margin: 12% (up from net loss in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. New Risk • May 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥240m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company. Duyuru • Mar 31
Global Top E-Commerce Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Global Top E-Commerce Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 31
Full year 2025 earnings released: CN¥0.27 loss per share (vs CN¥0.31 loss in FY 2024) Full year 2025 results: CN¥0.27 loss per share (improved from CN¥0.31 loss in FY 2024). Revenue: CN¥5.44b (down 4.9% from FY 2024). Net loss: CN¥417.5m (loss narrowed 13% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Duyuru • Mar 31
Global Top E-Commerce Co., Ltd., Annual General Meeting, Apr 20, 2026 Global Top E-Commerce Co., Ltd., Annual General Meeting, Apr 20, 2026, at 14:30 China Standard Time. Location: 28F, No. 3, No. 51, Binhe West Road, Wanbolin District, Taiyuan, Shanxi China Duyuru • Dec 31
Global Top E-Commerce Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Global Top E-Commerce Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: CN¥0.007 loss per share (vs CN¥0.004 loss in 3Q 2024) Third quarter 2025 results: CN¥0.007 loss per share (further deteriorated from CN¥0.004 loss in 3Q 2024). Revenue: CN¥1.39b (up 8.4% from 3Q 2024). Net loss: CN¥10.9m (loss widened 72% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 132 percentage points per year, which is a significant difference in performance. Duyuru • Sep 30
Global Top E-Commerce Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Global Top E-Commerce Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Duyuru • Jul 02
Global Top E-Commerce Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Global Top E-Commerce Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Reported Earnings • May 05
First quarter 2025 earnings released: CN¥0.002 loss per share (vs CN¥0.011 loss in 1Q 2024) First quarter 2025 results: CN¥0.002 loss per share (improved from CN¥0.011 loss in 1Q 2024). Revenue: CN¥1.25b (down 1.8% from 1Q 2024). Net loss: CN¥3.89m (loss narrowed 78% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 159 percentage points per year, which is a significant difference in performance. Duyuru • Mar 31
Global Top E-Commerce Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Global Top E-Commerce Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Buy Or Sell Opportunity • Mar 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CN¥3.42. The fair value is estimated to be CN¥4.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 30
Full year 2024 earnings released: CN¥0.31 loss per share (vs CN¥0.006 loss in FY 2023) Full year 2024 results: CN¥0.31 loss per share (further deteriorated from CN¥0.006 loss in FY 2023). Revenue: CN¥5.72b (down 14% from FY 2023). Net loss: CN¥478.8m (loss widened CN¥469.1m from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 154 percentage points per year, which is a significant difference in performance. Duyuru • Mar 29
Global Top E-Commerce Co., Ltd., Annual General Meeting, Apr 21, 2025 Global Top E-Commerce Co., Ltd., Annual General Meeting, Apr 21, 2025, at 14:30 China Standard Time. Location: 28F, No. 3, No. 51, Binhe West Road, Wanbolin District, Taiyuan, Shanxi China Duyuru • Dec 31
Global Top E-Commerce Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Global Top E-Commerce Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.004 loss per share (vs CN¥0.013 loss in 3Q 2023) Third quarter 2024 results: CN¥0.004 loss per share (improved from CN¥0.013 loss in 3Q 2023). Revenue: CN¥1.28b (down 17% from 3Q 2023). Net loss: CN¥6.38m (loss narrowed 69% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 30
Global Top E-Commerce Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Global Top E-Commerce Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.004 (vs CN¥0.003 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.004 (up from CN¥0.003 in 2Q 2023). Revenue: CN¥1.64b (down 13% from 2Q 2023). Net income: CN¥6.02m (up 22% from 2Q 2023). Profit margin: 0.4% (up from 0.3% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Duyuru • Jun 29
Global Top E-Commerce Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Global Top E-Commerce Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 New Risk • Jun 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 30
First quarter 2024 earnings released: CN¥0.011 loss per share (vs CN¥0.001 profit in 1Q 2023) First quarter 2024 results: CN¥0.011 loss per share (down from CN¥0.001 profit in 1Q 2023). Revenue: CN¥1.28b (down 20% from 1Q 2023). Net loss: CN¥17.4m (down CN¥18.6m from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2023 earnings released: CN¥0.006 loss per share (vs CN¥0.012 profit in FY 2022) Full year 2023 results: CN¥0.006 loss per share (down from CN¥0.012 profit in FY 2022). Revenue: CN¥6.62b (down 8.8% from FY 2022). Net loss: CN¥9.69m (down 154% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jan 25
Now 21% overvalued Over the last 90 days, the stock has fallen 22% to CN¥3.25. The fair value is estimated to be CN¥2.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 35% over the last 3 years. Meanwhile, the company became loss making. Duyuru • Dec 30
Global Top E-Commerce Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Global Top E-Commerce Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.013 loss per share (vs CN¥0.001 profit in 3Q 2022) Third quarter 2023 results: CN¥0.013 loss per share (down from CN¥0.001 profit in 3Q 2022). Revenue: CN¥1.55b (down 10.0% from 3Q 2022). Net loss: CN¥20.8m (down CN¥22.8m from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.003 (vs CN¥0.009 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.003 (down from CN¥0.009 in 2Q 2022). Revenue: CN¥1.89b (down 1.8% from 2Q 2022). Net income: CN¥4.96m (down 73% from 2Q 2022). Profit margin: 0.3% (down from 1.0% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.001 (vs CN¥0.01 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.001 (up from CN¥0.01 loss in 1Q 2022). Revenue: CN¥1.59b (up 8.2% from 1Q 2022). Net income: CN¥1.23m (up CN¥11.4m from 1Q 2022). Profit margin: 0.1% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥5.32, the stock trades at a trailing P/E ratio of 44.3x. Average trailing P/E is 24x in the Online Retail industry in China. Total loss to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥4.64, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 26x in the Online Retail industry in China. Total loss to shareholders of 32% over the past three years. Board Change • Nov 16
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Director Tingying Zheng is the most experienced director on the board, commencing their role in 2019. Independent Director Bo Yang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥3.83, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 25x in the Online Retail industry in China. Total loss to shareholders of 42% over the past three years. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.001 (vs CN¥0.042 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.001 (up from CN¥0.042 loss in 3Q 2021). Revenue: CN¥1.72b (down 11% from 3Q 2021). Net income: CN¥2.03m (up CN¥66.5m from 3Q 2021). Profit margin: 0.1% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥3.62, the stock trades at a trailing P/E ratio of 46.8x. Average trailing P/E is 24x in the Online Retail industry in China. Total loss to shareholders of 49% over the past three years. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.009 (vs CN¥0.34 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.009 (down from CN¥0.34 in 2Q 2021). Revenue: CN¥1.93b (down 23% from 2Q 2021). Net income: CN¥18.4m (down 96% from 2Q 2021). Profit margin: 1.0% (down from 21% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Duyuru • May 07
Global Top E-Commerce Co., Ltd., Annual General Meeting, May 20, 2022 Global Top E-Commerce Co., Ltd., Annual General Meeting, May 20, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual report and its summary; to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider reappointment of audit firm; to consider 2022 provision of guarantee for subsidiaries; and to consider unrecovered losses account for one-third of the paid-in capital. Reported Earnings • May 02
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: CN¥0.01 loss per share (down from CN¥0.03 profit in 1Q 2021). Revenue: CN¥1.47b (down 53% from 1Q 2021). Net loss: CN¥10.2m (down 121% from profit in 1Q 2021). Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Non Independent Director Tingying Zheng is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jan 02
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Non Independent Director Tingying Zheng is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 31
Third quarter 2021 earnings released: CN¥0.042 loss per share (vs CN¥0.07 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥1.93b (down 50% from 3Q 2020). Net loss: CN¥64.4m (down 164% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance. Board Change • Sep 27
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Non-Independent Director Jianhui Fang was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.34 (vs CN¥0.09 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥2.49b (down 46% from 2Q 2020). Net income: CN¥513.4m (up 267% from 2Q 2020). Profit margin: 21% (up from 3.1% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Duyuru • Jun 01
Global Top E-Commerce Co., Ltd.'s Board intends to launch an Equity Buyback. On May 31, 2021, the company announced that its Board of Directors will consider a share repurchase program. Under the program the company may repurchase up to 83,400,000 shares at a price of CNY 2.88 per share. The repurchase program will be valid for a period of 3 months. Duyuru • May 31
Global Top E-Commerce Co., Ltd.(XSEC:002640) dropped from FTSE All-World Index (USD) Global Top E-Commerce Co., Ltd.(XSEC:002640) dropped from FTSE All-World Index (USD) Reported Earnings • May 02
Full year 2020 earnings released: CN¥2.17 loss per share (vs CN¥1.74 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: CN¥17.0b (down 4.8% from FY 2019). Net loss: CN¥3.37b (loss widened 25% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥4.20 The company is down 26% from its price of CN¥5.69 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is down 19% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥4.74 The company is down 25% from its price of CN¥6.36 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is down 11% over the same period. Is New 90 Day High Low • Dec 14
New 90-day low: CN¥5.61 The company is down 17% from its price of CN¥6.75 on 15 September 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is down 11% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥3.04b, with earnings decreasing by CN¥3.50b from the prior year. Total revenue was CN¥16.9b over the last 12 months, down 14% from the prior year. Is New 90 Day High Low • Oct 27
New 90-day low: CN¥6.08 The company is down 25% from its price of CN¥8.07 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is down 4.0% over the same period. Duyuru • Oct 20
Global Top E-Commerce Co., Ltd. to Report Q3, 2020 Results on Oct 28, 2020 Global Top E-Commerce Co., Ltd. announced that they will report Q3, 2020 results on Oct 28, 2020 Is New 90 Day High Low • Sep 28
New 90-day low: CN¥6.10 The company is down 6.0% from its price of CN¥6.49 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Online Retail industry, which is down 12% over the same period. Duyuru • Aug 08
Global Top E-Commerce Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020 Global Top E-Commerce Co., Ltd. announced that they will report first half, 2020 results on Aug 26, 2020