GigaCloud Technology (stock code: GCT.US), the world's leading B2B trading platform for big-ticket commodities, was listed on Nasdaq on Aug. 18, EST. On its first day of trading, Dajianyuncang closed at $15.69 per share, up 28 per cent from its offering price of $12.25. The subsequent share price continued to perform strongly, with a cumulative increase of 291.92% as of press time. This is also another red star Metro investment enterprise successfully landing in the capital market after Mousse shares were listed on the Shenzhen Stock Exchange in June this year.
According to Dajian Yuncang's prospectus, Hongxing Macron invested in it as early as March 2017 and was one of the earlier investors. For the successful listing of Dajianyuncang, Che Jianxin, chairman of Hongxing Meikailong, said, "because of its high sensitivity to the times and new technologies, as well as the grasp of the future development trend of the household industry, Hongxing Meikailong prospectively invested in Dajianyuncang as early as 5 years ago, and has been firmly optimistic about the development of the company. In the future, we also hope that the two sides will continue to give full play to their resource advantages in their respective fields, help more Chinese household enterprises go abroad, go to the world, and strive to take the lead in order to realize the domestic and international double cycle. "
According to public data, Dajian YunCang is committed to digitally transform the traditional foreign trade model of large items, providing users with full-process services from supply chain docking, cross-border transactions, overseas warehousing and logistics, after-sales delivery, etc., and its independent research and development and operation of the GigaCloud platform is the world's leading B2B trading platform for foreign trade of large goods. Relying on the international business structure, independently developed B2B trading system and self-operated global warehousing and logistics, Dajianyunwang has been providing comprehensive online / offline cross-border trading and delivery services to customers around the world, creating a "global home circulation backbone network".
According to the prospectus, from 2019 to 2021, Dajianyun's revenue was $122.3 million, $275.5 million and $414.2 million, respectively, while adjusted EBITDA (earnings before tax, interest, depreciation and amortisation) was $4.93 million, $45.49 million and $47.95 million, respectively. Has maintained a rapid improvement in health. At the same time, based on the independently developed B2B platform, Dajianyunkang has built a digital bridge between Asian suppliers and overseas retailers, greatly improving channel connectivity problems. As of March 2022, the number of active third-party suppliers on its platform has grown to 410 and the number of active retailers has reached 3782.
In addition to equity investment, Hongxing Metro and Dajianyuncang also established a strategic partnership in June 2020, and Dajianyuncang has also become "China (Shanghai) International Furniture Expo officially designated foreign trade B2B trading platform". The person in charge of Hongxing Metro also said, "Dajianyun Cang has come out of a new digital cross-border trade model that is completely different from the traditional foreign trade, providing a new development model and development ideas for current household enterprises."
Analysts pointed out that Hongxing Meikailong prospectively chose to invest and reached strategic cooperation with Dajianyuncang, coinciding with the historical node of the country's proposal to "accelerate the formation of a new development pattern with domestic and international cycles as the main body and domestic and international cycles promote each other." The successful listing of Dajianyuncang coincides with the historical time when the four departments jointly issued articles to promote the high-quality development of the household industry. Standing on the new starting point of the development of industry and enterprises, the two sides are expected to join forces and cooperate sincerely to help more household enterprises complete the digital transformation, promote the high-quality development of the home industry, and enhance the global competitiveness of Chinese household brands.
In addition to Dajianyunkang, Hongxing Meikailong has achieved fruitful investment results in recent years. Up to now, 10 Hongxing Metro investment enterprises have successfully landed in the capital market, including Oupai Home, Opp Home, Mousse shares, Yitian Intelligence, Zhongqi New Materials, Qisheng Technology, Dajianyuncang and other household industry chain upstream and downstream enterprises, as well as Dingdong (Cayman) Limited, Haier biology, 800 million time and space and other new economy, new technology star enterprises.
Not only that, in the red star Meikailong investment ecology, the forest eagle window industry, Wrigley home two enterprises have been the first meeting this year. In addition, Shi Niman, scholarly, Imperial Home 3 investment enterprises have submitted IPO applications.
In terms of investment income, according to insiders close to Hongxing Macron, there are 13 investment projects whose principal and investment income have been fully recovered, with an investment rate of return of more than 500%, among which the investment income of European home projects is particularly bright. the investment return to Hongxing Macron is more than 2.1 billion yuan.