Use wechat to scan QR code < / P > < p > to share with friends and circle of friends < / P > < p > < br / > < / P > < p > China's largest second-hand consumer electronics trading and service platform < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E6%96%B0%E7%94%9F "> Xinsheng < / a > (love recycling) Group officially landed on June 18 < a target ="_ blank" href=" https://news.163.com/news/search?keyword=%E7%BA%BD%E4%BA%A4%E6%89%80 "> NYSE < / a >, becoming" < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E4%B8%AD%E6%A6%82%E8%82%A1 "> China capital stock < / a > < a target ="_ blank" href=" https://news.163.com/news/search?keyword=ESG "> ESG < / a > first share". The stock code is "rere", with a price of $14.00/ads, a fund-raising scale of $261 million, and a market value of $3.6 billion

has steadily improved its profitability and has made rapid progress in its performance.

New World Group is a "Internet plus environmental protection" type of circular economy enterprise. Its business lines include love recycling (used 3C products C2B recycling platform), pat machine hall (second-hand 3C products B2B trading platform), pat (second-hand superior B2C retail platform) and AHS Device (overseas business). p> < p > in the past year, the performance of wanwansheng group has maintained a rapid growth. According to the prospectus, as of March 31, 2021, LTM (in the past 12 months), the company's overall revenue was 5.680 billion yuan, up 49.4% year on year. From Q2 of 2020 to Q1 of 2021, the year-on-year growth rates of core business revenue were 45.6%, 47.5%, 50.9% and 135.8% respectively At the same time, the profitability of wanwansheng group is also improving. Thanks to the scale effect of business and the growth of revenue from providing platform services including detection and agent operation, the gross profit margin of the group's business has been continuously improved. From 2018 to 2020, the platform charge rates are 0.5%, 2.4% and 4.1% respectively, driving the overall gross profit margin to increase from 14.1% in 2018 to 25.7% in 2020; At the same time, the gross margin of performance increased significantly from 2.5% in 2019 to 12.0% in 2020 < p > < b > through the integrated platform, the platform effect is obvious < / b > < / P > < p > through the business combination of "love recycling + paijitang + paipai", the business of wanwansheng group spans the supply and demand ends of the industrial chain, covering the whole process from recycling, detection, rating, pricing to resale. At the same time, it serves businesses and consumers, and opens the whole closed-loop of C2B + B2B + B2C industrial chain, so as to promote the scale and development of the industry Standardized and efficient development brings convenient, standardized and efficient second-hand trading channels < p > after ten years of practice, wanwansheng group takes the lead in opening up the integrated platform in the industry, connecting and integrating the capabilities of the supply side, processing side and sales side, forming the flywheel effect < p > on the supply side, the company has high-quality and stable sources of goods brought by Aihui and Jingdong; At the processing end, wanwansheng group has the ability of automatic and intelligent quality inspection, grading and pricing, which ensures the quality of products& nbsp; At the sales end, B2B platform auction hall enables products to realize high-speed circulation, with an average turnover period of 3 days (the average industry time is 10 days). B2C platform auction allows products to reach the C end directly, reducing intermediate links and improving profit margin < p > the ability release of the integrated platform with flywheel effect further constructs the core competitiveness of wanwansheng group. According to the data of the prospectus, in the four quarters from Q2 of 2020 to Q1 of 2021, the year-on-year growth rates of core business revenue of wanwansheng group were 45.6%, 47.5%, 50.9% and 135.8% respectively < p > due to the strong non-standard characteristics of second-hand 3C products, it is difficult to scale and standardize the industry, and the market has been extremely dispersed. The supply chain capacity accumulated in the past ten years of wanwansheng's opening up has provided standardized quality inspection, grading, pricing and other platform services for businesses, making transactions more transparent and convenient, which has also brought a new growth engine for wanwansheng < p > according to the prospectus, the platform service revenue of Wanyi Xinsheng group in 2020 is 614 million yuan, compared with 202 million yuan in 2019, with a year-on-year growth of more than 204.5%, and the compound annual growth rate of platform service revenue from 2018 to 2020 is 627.7%. From 2018 to 2020, the proportion of platform service revenue in the overall revenue is 0.4%, 5.1% and 12.6% respectively, showing a trend of rapid growth < p > from Q2 of 2020 to Q1 of 2021, the growth rates of group platform service revenue were 650.4%, 167.3%, 86.7% and 136.8% respectively. As of March 2021, the number of registered businesses in paijitang has exceeded 115000, showing the platform effect of the group < p > < b > "Online + offline" precise scene building, leading the second-hand 3C industry < / b > < / P > < p > stores is an important link for wanwansheng group to connect the C-end. According to the prospectus, as of March 31, 2021, wanwansheng group has opened 753 AI recycling stores, 2 paipai stores and more than 1500 self-service stations in 172 cities in China < p > with the characteristics of high flat efficiency and light operation, wanwanxinsheng stores provide users with good trading experience and other value-added services, integrating customer acquisition, service and brand building. It is understood that more than 98% of the mature stores have realized profits < p > love recycling is a C2B recycling business for individual consumers, while patting is a B2C retail business for individual consumers. According to the prospectus, the C-terminal transaction of wanwansheng group will account for 41% of Gmv in 2020; B-side transactions accounted for 59%

Jingdong is a long-term strategic shareholder of the new life group, and Kwai Tong also invested in it in May 2021. The domestic middle and low line market and the vast number of small town youth have a strong demand for second-hand mobile phone digital products with quality assurance. Kwai has 300 million days of activity, a huge user of the sinking market, and Jingdong double Holdings 2C business, from the sales side to help all things new group rapid development. p> < p > thanks to the opening of the closed-loop of the whole industry chain and the creation of "Online + offline" precise recycling scene, wanyisheng leads the second-hand consumer electronics recycling industry. According to the CIC report, in the field of second-hand 3C trading and services, in 2020, the number of trading units and Gmv of Wanyi Xinsheng group ranked first in the Chinese market (both are payment transaction data, the same below), and higher than the total number of second to fifth in the industry < p > according to the prospectus, as of March 31, 2021, LTM (in the past 12 months), more than 26.1 million pieces of second-hand goods (excluding Jingdong spare parts warehouse business) were sold on the whole platform of wanwansheng group, mainly consumer electronic products, with a year-on-year growth of 46.6%. In terms of Gmv, in the first quarter of 2021, the turnover of Gmv increased by 106.7% and the revenue increased by 118.8%. LTM as of March 31, 2021 (last 12 months)The total platform Gmv of wanwansheng was 22.8 billion yuan (excluding Jingdong spare parts warehouse business), a year-on-year increase of 66.1% < p > on the track of the industry, the market volume of new things is huge. According to CIC data, China's second-hand consumer electronics trading volume will reach 188.6 million units in 2020, and will maintain a compound annual growth rate of 23.7% in the next five years, and is expected to reach 545.8 million units by 2025; In 2020, the total turnover of second-hand consumer electronics in China will reach 252.2 billion yuan, and it will maintain a compound annual growth rate of 30.8% in the next five years, and it is expected to approach the trillion market by 2025. As a leading enterprise in terms of transaction volume and scale in the industry, wanwansheng still has more room for growth in the future, and will continue to maintain its dominant position in the trillion scale market < p > < b > help circular economy, build ESG sample enterprises < / b > < / P > < p > <-- In recent years, with the introduction of multiple economic policies, circular economy and consumer electronics recycling have been highly valued by the state, and the transformation of traditional economy to green circular economy has been fully opened. Adhering to the mission of "making the best use of everything when it is idle", wanwansheng group has been committed to building ESG (namely "environment, society and governance") sample enterprises, including developing privacy removal technology to ensure user information security, and reducing carbon emissions and environmental pollution in the field of electronic consumption by extending the life cycle of electronic products, And by building the supply chain capacity to enhance the standardization and scale level of the second-hand 3C industry, to promote the sustainable development of the industry < p > in addition, since 2018, all things new life will select a part of the recycled electronic devices and give them to children in mountain villages for learning in the form of public welfare donation. So far, it has supported 22 schools and launched more than 300 courses < p > in the future, all things new will adhere to the original intention of the enterprise, adhere to the vision of "let the second-hand goods flow around the world, create more value for the second-hand industry in the world through technology", continue to help circular economy, and integrate social responsibility into business practice
2023-03-22 10:04:36