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京东集团-SW(09618.HK):国补高基数带电承压 开拓新业务亏损加大
Ge Long Hui· 2025-12-09 21:55
Core Viewpoint - In October, the retail sales growth of home appliances turned negative, and with the base of national subsidies leveling off and the intensity of support weakening, the demand for trade-in has been largely fulfilled. It is expected that home appliance consumption will face significant pressure in Q4, leading to a noticeable slowdown in the company's revenue from powered products. Consequently, revenue forecasts for Q4 and 2026 have been adjusted downward. Despite increased investment in new businesses such as Jingxi and international operations, the company anticipates a slight increase in losses from new businesses in Q4 [1][2]. Group 1 - The company is expected to achieve powered product revenue of 149.77 billion yuan in Q4, a year-on-year decrease of 14.0%, primarily due to the complete leveling off of the national subsidy base and a reduction in subsidy intensity [1]. - According to data from the National Bureau of Statistics, the retail sales of home appliance categories fell by 14.6% year-on-year in October, indicating overall pressure on the home appliance industry in Q4 [1]. - Despite the anticipated decline in powered product revenue, the company maintains a positive outlook on its significant supply advantages in powered categories and its strong brand presence among consumers [1]. Group 2 - The company is projected to achieve daily necessities revenue of 118.05 billion yuan in Q4, with a year-on-year growth of 10.5%, benefiting from strengthened consumer awareness [1]. - The company expects that the gross merchandise volume (GMV) from its third-party (3P) business will grow faster than its first-party (1P) business due to the slowdown in powered products [1]. - The company anticipates that losses from its new business segment will be 16.81 billion yuan in Q4, with a year-on-year increase of 188.6% in new business revenue, indicating ongoing investment in Jingxi and international operations [1]. Group 3 - The company has adjusted its revenue forecasts for 2025-2027 to 1,304 billion yuan, 1,347.9 billion yuan, and 1,422 billion yuan, respectively, down from previous estimates [2]. - The adjusted net profit forecasts for 2025-2027 are 26.3 billion yuan, 22.5 billion yuan, and 44.2 billion yuan, respectively, also revised downward from earlier predictions [2]. - Based on comparable companies, the target market value for the company is estimated at 502.3 billion yuan, corresponding to a target share price of 173.32 HKD, maintaining a "buy" rating [2].
壹网壹创:近期与福建省相关市地的商务部门进行会面 就互联网电子商务和当地实体产业的合作可能性进行探讨
Xin Lang Cai Jing· 2025-12-09 13:09
登录新浪财经APP 搜索【信披】查看更多考评等级 转自:智通财经 【壹网壹创:近期与福建省相关市地的商务部门进行会面 就互联网电子商务和当地实体产业的合作可 能性进行探讨】智通财经12月9日电,壹网壹创在互动平台表示,福建省有非常丰富的供应链资源,近 期公司也与福建省相关市地的商务部门进行了会面,并就互联网电子商务和当地实体产业的合作可能性 进行了探讨。如后期有进一步的合作,并符合信息披露的要求,公司将会按规则履行信息披露义务。 ...
营山望宏电子商务有限公司成立 注册资本3万人民币
Sou Hu Cai Jing· 2025-12-09 11:34
天眼查App显示,近日,营山望宏电子商务有限公司成立,法定代表人为李强,注册资本3万人民币, 经营范围为一般项目:箱包销售;箱包制造;皮革制品销售;五金产品批发;五金产品零售;金属制品 销售;日用品销售;日用品批发;日用口罩(非医用)销售;货物进出口;技术进出口;鞋帽零售;互 联网销售(除销售需要许可的商品);服装制造;服装辅料制造;服装服饰批发;服装辅料销售;服装 服饰零售。(除依法须经批准的项目外,凭营业执照依法自主开展经营活动)(涉及国家规定实施准入 特别管理措施的除外)。 ...
想骑行却怕冷?上京东买智能骑行台打卡28天领300元返现
Zhong Jin Zai Xian· 2025-12-09 09:48
Group 1 - The core viewpoint of the article highlights the significant increase in indoor cycling demand due to winter weather, with JD's sales data showing a more than 280% year-on-year growth in cycling trainer sales since November, making it a "phenomenal product" for home fitness during winter [1] - JD has partnered with the well-known cycling brand Mijian to launch a promotional campaign offering cash back for customers who purchase cycling trainers and complete a specific cycling challenge [1][3] - The promotional activity runs from December 10, 2023, to February 28, 2026, where customers can receive a cash subsidy of 300 yuan by completing a 28-day cycling challenge of 20 kilometers per day [1][4] Group 2 - The "smart cycling trainer" is described as a fitness device that allows users to ride indoors by fixing their bicycles onto a stable support structure, compatible with most bike models and requiring minimal space [3] - The smart cycling trainers offer adjustable resistance and can connect via Bluetooth to cycling apps, simulating real road conditions and providing an immersive training experience [3] - The two featured models, Mijian T600 Eco and T500, are highlighted for their performance and user-friendly features, with the T600 Eco supporting up to 2800W power output and 27% slope simulation, while the T500 offers nine types of road feel without needing an external power source [4] Group 3 - JD has a long-standing commitment to the cycling sector, continuously enhancing product variety and service experience, and plans to expand the cash back campaign with more brands to promote home fitness and technological cycling experiences [6] - The campaign encourages consumers to engage in indoor cycling, emphasizing that exercise should continue even during winter [6]
西平县君兰电子商务有限公司成立 注册资本10万人民币
Sou Hu Cai Jing· 2025-12-09 08:36
天眼查App显示,近日,西平县君兰电子商务有限公司成立,法定代表人为朱贞贞,注册资本10万人民 币,经营范围为一般项目:互联网销售(除销售需要许可的商品);木材销售;地板销售;人造板销 售;软木制品销售;纸制品销售;家具销售;门窗销售;建筑材料销售;林产品采集;木材收购;日用 木制品销售;建筑装饰材料销售;家居用品销售;五金产品零售;园艺产品销售(除依法须经批准的项 目外,凭营业执照依法自主开展经营活动)。 ...
永州市永合丰电子商务有限公司成立 注册资本10万人民币
Sou Hu Cai Jing· 2025-12-09 08:03
天眼查App显示,近日,永州市永合丰电子商务有限公司成立,法定代表人为钟惠媛,注册资本10万人 民币,经营范围为许可项目:食品销售;酒类经营。(依法须经批准的项目,经相关部门批准后方可开 展经营活动,具体经营项目以相关部门批准文件或许可证件为准)一般项目:日用百货销售;日用品批 发;互联网销售(除销售需要许可的商品);农副产品销售;保健食品(预包装)销售;食品销售(仅 销售预包装食品)。(除依法须经批准的项目外,凭营业执照依法自主开展经营活动)。 ...
武汉市东湖新技术开发区我嘞个豆电子商务店(个体工商户)成立 注册资本1万人民币
Sou Hu Cai Jing· 2025-12-09 07:29
Group 1 - A new individual business named "I Le Ge Dou E-commerce Store" has been established in Wuhan's East Lake New Technology Development Zone [1] - The legal representative of the business is Zhang Yidong [1] - The registered capital of the business is 10,000 RMB [1] Group 2 - The business operates in general projects including internet sales (excluding goods that require permits) [1] - It also engages in the sale of arts and crafts and ceremonial supplies (excluding ivory and its products) [1] - The business is allowed to operate other legal projects that are not prohibited or restricted by laws and regulations [1]
淘宝闪购外卖服是滑雪的神
半佛仙人· 2025-12-09 04:39
Core Viewpoint - The article emphasizes the practicality and affordability of using a delivery rider's outfit as a ski suit, highlighting its superior functionality compared to expensive traditional ski gear [5][10][12]. Group 1: Cost and Value - The price of traditional ski suits often reaches thousands, while the delivery rider's outfit is significantly cheaper, costing only a fraction of that amount [7][10]. - The affordability allows for more carefree skiing experiences without the fear of damaging expensive gear [10][20]. Group 2: Durability and Functionality - The delivery rider's outfit is designed to withstand harsh conditions, making it more durable than typical ski gear [12][13]. - It is built for high-frequency use in urban environments, proving its resilience against various weather conditions and physical challenges [12][13]. Group 3: Safety Features - The outfit includes practical safety features such as reflective strips and a built-in medical kit, enhancing the wearer's safety on the slopes [15][20]. - The presence of a blood type card in the outfit allows for quick identification in case of emergencies, which is crucial in high-pressure situations [20]. Group 4: Social Perception - Wearing a delivery rider's outfit on the slopes challenges traditional perceptions of ski attire, creating a sense of intrigue and confusion among other skiers [7][10]. - The article suggests that the outfit's unconventional nature can lead to unexpected social interactions and conversations on the slopes [10][21].
泰州市肴美旺电子商务有限公司成立 注册资本10万人民币
Sou Hu Cai Jing· 2025-12-09 00:22
天眼查App显示,近日,泰州市肴美旺电子商务有限公司成立,法定代表人为严正才,注册资本10万人 民币,经营范围为许可项目:食品销售(依法须经批准的项目,经相关部门批准后方可开展经营活动, 具体经营项目以审批结果为准)一般项目:互联网销售(除销售需要许可的商品);食品销售(仅销售 预包装食品);食品互联网销售(仅销售预包装食品);食品添加剂销售;农副产品销售;初级农产品 收购;食用农产品零售;食用农产品批发(除依法须经批准的项目外,凭营业执照依法自主开展经营活 动)。 ...
有棵树:12月8日召开董事会会议
Mei Ri Jing Ji Xin Wen· 2025-12-08 15:49
每经头条(nbdtoutiao)——处方药变"瘾品":国内首次报告普瑞巴林滥用致成瘾病例,网络平台暴 露"无病历可购药"漏洞,列管与否尚需科学考量 每经AI快讯,有棵树(SZ 300209,收盘价:5.51元)12月8日晚间发布公告称,公司第七届第四次董事 会会议于2025年12月8日以现场和通讯相结合的表决方式召开。会议审议了《关于废止 <董事会审计委 员会年报工作制度> 的议案》等文件。 (记者 曾健辉) 2024年1至12月份,有棵树的营业收入构成为:电子商务占比78.32%,软件服务占比21.16%,其他业务 占比0.52%。 截至发稿,有棵树市值为51亿元。 ...