EA(SZ:002183)2022-12-05 06:01Group 1: Business Model and Strategy - The company aims to integrate traditional and new economic models to create the largest circulation industry ecosystem in China, focusing on five interactive platforms for global business, internet-based operations, big data management, intelligent services, and refined management [1] - The O2O supply chain ecosystem is designed to provide comprehensive services, including B2B/O2O distribution, B2B2C/O2O retail, O2O terminal marketing, and O2O value-added services, covering all aspects of the circulation industry [1] Group 2: Core Competitiveness - The company possesses extensive industry experience, a strong client base, a professional service team, and a global service network, which enhances its distribution services and logistics systems [2] - Strategic partnerships with major banks provide robust financial support, enabling the company to meet the funding needs of its partners [2] Group 3: Revenue Structure and Financial Performance - The company's revenue is derived from broad and deep supply chain services, global procurement, product integration, and supply chain financial services, primarily through service fees [2] - Despite large revenue scales, the company faces low net profit margins due to high operational capital demands, resulting in significant fluctuations in cash flow [2] Group 4: Future Plans and Developments - The company is in the process of responding to the first round of feedback from the regulatory authority regarding its share issuance and has approved an employee stock ownership plan to be executed within six months post-approval [2]