EA(SZ:002183)2022-12-06 11:28Group 1: Company Overview and Strategy - Yiatong is a supply chain company that integrates logistics, supply chain services, and internet technology to establish an O2O business ecosystem [1] - The company aims to create a B2B2C supply chain ecosystem, focusing on consumer-centric services and integrating various stakeholders, including over 500 brand enterprises, logistics providers, and financial institutions [1] - Yiatong's ecological layout includes financial services, media services, and value-added services, enhancing the functionality of retail stores [2] Group 2: Financial Services - Financial services are categorized into B2B and B2C, with risk control and credit systems in place to support partners needing loans [1] - The company emphasizes the importance of scale in financial services, indicating that future growth will rely on expanding its operational scale [1] Group 3: Starlink Platform - The Starlink platform consists of two versions: Starlink Life for consumers and Starlink Microstore for sellers, providing a zero-cost entry for retail stores [2] - The platform aggregates over 1,000 well-known brands and 150,000 products, enabling community retail stores to easily access quality goods [2] - Starlink aims to create a community economy by sharing supply chain resources and internet platforms with partner stores [2] Group 4: Management Structure - Yiatong's management structure includes wholly-owned subsidiaries in each province, with local general managers appointed by the headquarters [3] - The company operates on a partnership model, where local partners hold 40% equity and Yiatong retains 60%, fostering a collaborative management approach [3] - The company has united over 200 excellent partners and plans to continue expanding this network [3] Group 5: Cash Flow and Growth - Yiatong has experienced rapid growth in both assets and liabilities, with its business model influencing cash flow dynamics [3]