Market Overview - On September 3, the internet e-commerce sector declined by 2.72% compared to the previous trading day, with Liren Lizhuang leading the decline [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Individual Stock Performance - Liren Lizhuang (code: 605136) closed at 9.57, down 4.40% with a trading volume of 169,700 shares and a transaction value of 1.66 billion [1] - Qiangmu Technology (code: 301110) closed at 62.30, down 4.37% with a trading volume of 30,500 shares and a transaction value of 195 million [1] - JiaoDian Technology (code: 002315) closed at 47.86, down 4.15% with a trading volume of 70,600 shares and a transaction value of 344 million [1] - Other notable declines include Lianghui Co. (down 3.90%), Kaichun Co. (down 3.16%), and Kuaijingtong (down 3.09%) [1] Capital Flow Analysis - The internet e-commerce sector experienced a net outflow of 260 million from main funds, while retail investors saw a net inflow of 284 million [1] - The table of capital flow indicates that major funds had a negative net inflow in several companies, including ST Tongpu and ST Yigou, while retail investors showed positive net inflows in companies like Kaichun Co. and others [2]

Core Insights - The company reported a total revenue of 2.631 billion yuan for the first half of 2025, a year-on-year decrease of 9.88% [1] - The net profit attributable to shareholders was -5.8807 million yuan, but this represents a year-on-year increase of 48.34% [1] - The gross margin increased by 2.24% year-on-year, while the net margin saw a significant increase of 43.19% [1] Financial Performance - In Q2, the company generated a revenue of 1.377 billion yuan, down 16.18% year-on-year [1] - The Q2 net profit attributable to shareholders was -1.9942 million yuan, a decline of 133.1% year-on-year [1] - Total expenses (selling, administrative, and financial) amounted to 291 million yuan, accounting for 11.06% of revenue, which is an increase of 3.43% year-on-year [1] Profitability Metrics - The gross margin for the reporting period was 11.91%, reflecting a year-on-year increase of 2.24% [1] - The net margin was -0.22%, with a year-on-year increase of 43.19% [1] - Earnings per share were reported at -0.0 yuan, showing a year-on-year increase of 47.95% [1] Cash Flow and Financial Health - The company reported an operating cash flow per share of 0.04 yuan, which is a year-on-year increase of 125.32% [1] - The net asset per share was 0.55 yuan, down 35.52% year-on-year [1] - The cash flow situation is concerning, with cash and cash equivalents to current liabilities ratio at 10.81% and a negative average operating cash flow to current liabilities ratio over the past three years [2]

Group 1 - The company reported a revenue of 2.631 billion yuan for the first half of 2025, representing a year-on-year decrease of 9.88% [1] - The net loss attributable to shareholders of the listed company was 5.8807 million yuan, with a net loss of 6.9242 million yuan after deducting non-recurring gains and losses [1] - The basic loss per share was 0.0038 yuan [1]

Group 1 - The company, Kuaibao Tong (002640.SZ), reported a revenue of 2.631 billion yuan for the first half of 2025, representing a year-on-year decrease of 9.88% [1] - The net profit attributable to shareholders of the listed company was -5.8807 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -6.9242 million yuan [1] - The basic earnings per share were -0.0038 yuan [1]

跨境通宝电子商务股份有限公司 2025 年半年度财务报告 证券简称：跨境通 证券代码：002640 （未经审计） 财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：跨境通宝电子商务股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 176,407,154.85 | 144,775,642.20 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | | | | 应收账款 | 741,539,646.97 | 718,319,398.89 | | 应收款项融资 | | | | 预付款项 | 330,006,617.93 | 88,898,201.50 | | 应收保费 | | | | 应收分保账款 | | | | 应收分保合同准备金 | | | | 其他应收款 | 305,193,201.4 ...

跨境通宝电子商务股份有限公司 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 单位：万元 非经营性资金占 用 资金占用方名称 占用方与上 市公司的关 联关系 上市公司核 算的会计科 目 2025 年半年 度期初占用 资金余额 2025 年半年度占 用累计发生金额 （不含利息） 2025 年半年 度占用资金 的利息 2025 年半年 度偿还累计 发生金额 2025 年半年 度期末占用 资金余额 占用形 成原因 占用性质 现大股东及其 附属企业 小计 原大股东及其 附属企业 小计 总计 其他关联资金往 来 资金占用方名称 占用方与上 市公司的关 联关系 上市公司核 算的会计科 目 2025 年半年 度期初占用 资金余额 2025 年半年度占 用累计发生金额 （不含利息） 2025 年半年 度占用资金 的利息 2025 年半年 度偿还累计 发生金额 2025 年半年 度期末占用 资金余额 占用形 成原因 往来性质 大股东及其附属 企业 上市公司的子公 司及其附属企业 山西百圆裤业有限 公司 子公司 其他应收款 44,782.77 804.08 45,586.85 借款、房 租 非经营性往来 深圳市飒 ...

证券代码：002640 证券简称：跨境通 公告编号：2025-049 跨境通宝电子商务股份有限公司 关于举办2025年半年度业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 跨境通宝电子商务股份有限公司（以下简称"公司"）于 2025 年 8 月 30 日在巨潮资讯 网（http://www.cninfo.com.cn）披露了《2025 年半年度报告》及其摘要。为便于广大投资者 更全面深入了解公司 2025 年半年度业绩和经营情况，公司定于 2025 年 9 月 12 日（星期五） 15:00--17:00 在全景网举办 2025 年半年度业绩说明会，现将具体情况公告如下： （问题征集专题页面二维码） 特此公告。 1、召开时间：2025 年 9 月 12 日（星期五）15:00-17:00 2、召开方式：本次公司业绩说明会将采用网络远程的方式举行，投资者可在上述时间 登陆全景网"投资者关系互动平台"（http://ir.p5w.net）参与本次公司业绩说明会。 二、出席人员 出席本次业绩说明会的人员有：公司董事长、总经理李勇先生、财务负责人李玉 ...

第六届监事会第四次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 一、监事会会议召开情况 证券代码：002640 证券简称：跨境通 公告编号：2025-048 跨境通宝电子商务股份有限公司 三、备查文件 1.第六届监事会第四次会议决议。 特此公告。 跨境通宝电子商务股份有限公司监事会 跨境通宝电子商务股份有限公司（以下简称"公司"）第六届监事会第四次会议于 2025 年 8 月 18 日以书面送达或者电子邮件等方式发出会议通知，于 2025 年 8 月 28 日以现场方 式召开。会议应参会监事 3 名，实际参会监事 3 名，董事长、财务负责人、董事会秘书列席， 会议由公司监事会主席张倩女士主持，符合《公司法》《公司章程》的有关规定。 二、监事会会议审议情况 与会监事经过充分的讨论，一致通过以下决议： （一）审议通过了《关于 2025 年半年度报告及其摘要的议案》 经审核，监事会认为董事会编制和审核跨境通宝电子商务股份有限公司 2025 年半年度 报告的程序符合法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反映了 上市公司的实际情况， ...

（一）审议通过了《关于 2025 年半年度报告及其摘要的议案》 本议案已经董事会审计委员会审议通过。 证券代码：002640 证券简称：跨境通 公告编号：2025-047 跨境通宝电子商务股份有限公司 第六届董事会第四次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 一、董事会会议召开情况 跨境通宝电子商务股份有限公司（以下简称"公司"）董事会于 2025 年 8 月 18 日以书 面送达或者电子邮件等方式向公司全体董事和监事发出召开第六届董事会第四次会议（"本 次会议"）的通知。本次会议于 2025 年 8 月 28 日以现场及通讯会议方式召开，会议应出席 董事 7 名，实际出席董事 7 名。会议由公司董事长李勇先生主持，公司监事列席了会议。本 次会议的召开程序符合《公司法》和《公司章程》的有关规定。 二、董事会会议审议情况 与会董事经过认真审议，通过了以下议案： 公 司 《 2025 年 半 年 度 报 告 》 详 见 指 定 信 息 披 露 媒 体 巨 潮 资 讯 网 （http://www.cninfo.com.cn）。 表决结果：同意 ...

Financial Performance - The company's operating revenue for the reporting period was ¥2,630,556,073.02, a decrease of 9.88% compared to ¥2,919,049,587.77 in the same period last year[21]. - The net loss attributable to shareholders was ¥5,880,737.68, representing a 48.34% improvement from a loss of ¥11,384,231.90 in the previous year[21]. - The net cash flow from operating activities was ¥59,534,096.50, a significant increase of 125.32% compared to a negative cash flow of ¥235,146,521.41 in the same period last year[21]. - The total assets at the end of the reporting period were ¥3,243,991,634.49, reflecting a 4.33% increase from ¥3,109,304,837.88 at the end of the previous year[21]. - The company's basic and diluted earnings per share improved to -¥0.0038, a 47.95% increase from -¥0.0073 in the same period last year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥6,924,225.59, a 71.07% improvement from -¥23,936,240.93 in the previous year[21]. - The weighted average return on net assets was -0.69%, an improvement of 0.16% from -0.85% in the previous year[21]. - The company's total revenue for the reporting period was ¥2,630,556,073.02, a decrease of 9.88% compared to ¥2,919,049,587.77 in the same period last year[59]. - Operating costs decreased by 10.15% to ¥2,317,377,217.81 from ¥2,579,145,162.12, attributed to a narrowing of sales channels[59]. - Management expenses saw a significant reduction of 29.50%, down to ¥57,530,080.40 from ¥81,597,214.99, due to organizational restructuring and reduced litigation costs[59]. Revenue Sources - The company achieved total revenue of 2,630.56 million RMB, with cross-border e-commerce import business contributing 2,427.73 million RMB, accounting for 92.29% of total revenue[34]. - The cross-border export business generated revenue of 190.13 million RMB, representing 7.23% of total revenue[34]. - The company's cross-border e-commerce business generated revenue of 190.13 million yuan, accounting for 7.23% of total revenue, with a slight year-on-year decline of 0.84% in the first half of 2024[41]. - The self-operated website revenue decreased by 66.55% year-on-year to 8.74 million yuan, while third-party platform revenue increased by 9.54% to 181.39 million yuan[41]. - The company's proprietary brands generated revenue of 201.64 million yuan, representing 7.67% of total revenue[47]. - The company's total revenue from maternal and infant products was 2.43 billion yuan, a year-on-year decline of 10.33%, accounting for 92.33% of total revenue[51]. - Online sales accounted for 95.41% of total revenue, with third-party platforms contributing 250.12 million yuan and self-built platforms contributing 8.74 million yuan[53]. Market Outlook - The cross-border import e-commerce business revenue for the first half of 2024 is projected to be 2,708.68 million RMB, reflecting a year-on-year decrease of 10.37%[40]. - The global cross-border e-commerce market is expected to reach 17.66 trillion RMB in 2024, showing a year-on-year growth of 4.8% from 16.85 trillion RMB in 2023[32]. - China's total import and export value reached 21.79 trillion RMB in the first half of 2025, marking a year-on-year increase of 2.9%[30]. - The company is focusing on brand development and enhancing user experience to adapt to the increasing cost of acquiring new users in the cross-border e-commerce sector[33]. - The company is actively expanding its global footprint, with TikTok Shop planning to add Poland as its seventh European operating site by mid-2026[29]. - The company is leveraging policy support to enhance operational efficiency and explore new growth paths in the cross-border e-commerce landscape[32]. Operational Challenges - The company faced various operational risks, which are detailed in the risk management section of the report[5]. - The company is undergoing a restructuring process due to an inability to repay debts, with a creditor filing for reorganization on May 12, 2023[92]. - The company faces risks from international instability affecting cross-border e-commerce, including tax policy changes and regulatory compliance[77]. - Talent retention is a concern due to increasing competition for skilled professionals in the cross-border e-commerce sector[78]. - The company is focusing on enhancing its traditional business strengths and expanding new business channels to address intensified industry competition[79]. Legal and Regulatory Issues - The total amount involved in significant litigation cases includes 8,585.66 million CNY related to a guarantee contract dispute and 3,934.38 million CNY concerning a creditor's rights dispute[93]. - The company has faced a total of 14,185.38 million CNY in claims from various lawsuits, with several cases currently in the second instance stage[94]. - A judgment has been made in favor of the company in a debt confirmation dispute, recognizing its ordinary creditor status for 5,038.2 million CNY[93]. - The company has reported a total of 4,515.17 million CNY in claims related to a management responsibility dispute, with a judgment confirming the claims[93]. - The company is involved in multiple ongoing lawsuits, with amounts ranging from 1,728.54 million CNY to 3,244.78 million CNY in various disputes[93]. - The company has been ordered to pay various fees related to a storage and accommodation dispute, with specific amounts to be settled post-judgment[94]. - The company has faced a total of 752.9 million CNY in claims related to a debt recovery dispute, with a judgment requiring payment[93]. - The company is actively managing its legal challenges while navigating financial restructuring efforts[92]. Shareholder and Equity Information - The first major shareholder has changed to New Star Fund Company due to a judicial auction of shares held by Mr. Yang Jianxin[119]. - Yang Jianxin holds 142,859,148 shares of the company, representing 9.17% of the total share capital, which is currently frozen[102]. - The company has a total of 151,087,004 shares after the recent changes, with a decrease of 9,779,329 shares in the restricted shares category[123]. - The number of shareholders holding ordinary shares at the end of the reporting period was 247,347[128]. - Barclays Bank PLC holds 16,310,400 shares, representing 1.05% of the total shares, with an increase of 9,233,407 shares during the reporting period[128]. - The company has no ongoing share repurchase plans or other significant share changes reported[125]. Future Plans and Investments - The company plans to expand its market presence and invest in new product development to drive future growth[165]. - The financial report indicates a focus on enhancing operational efficiency and exploring potential mergers and acquisitions[165]. - The company aims to leverage new technologies to improve service offerings and customer engagement in the upcoming quarters[165]. - The company has invested 100 million RMB in technology upgrades to improve user experience and transaction speed[95]. - The company plans to increase its marketing budget by 50% to support brand awareness initiatives in new markets[95]. - A new partnership with a major bank was established to facilitate easier payment solutions for users, expected to increase transaction volume by 40%[95].