Amazon’s annual income of Hello Tech is 2.3 billion! Net profit increased 61 times in 4 years!
On September 6, Shenzhen Hello Tech Energy (SHE:301327) priced its initial public offering on the Shenzhen Stock Exchange’s ChiNext board to raise up to 5.83 billion yuan ($840.7 million). The company was officially listed on the New Third Board in March 2017 and has been terminated since February 2019. On February 8, 2022, Hello Tech updated its prospectus again and planned to IPO. In terms of operating performance, the company achieved operating income of 205 million yuan, 319 million yuan, 1.070 billion yuan, and 2.315 billion yuan respectively from 2018 to 2021. From January to September 2022, the company is expected to achieve a net profit of 213 million yuan to 292 million yuan, a year-on-year increase of 0.11% to 36.94%. This means that in 4 years, the company’s net profit has increased by 61 times!
Top on Amazon all year round!
Hello, Tech’s offline sales revenue accounted for a relatively small proportion, while online sales accounted for a relatively large proportion. Among the third-party platforms, Amazon is the main sales channel. In 2021, the Amazon channel will account for 51.81% of the main revenue. According to public information, Hello Tech is well known to the public by deploying its international brand “Jackery” in China and international markets. In recent years, the revenue of the international brand Jackery has grown rapidly, and the sales volume has increased dramatically. The data shows that in 2022, in the “Best Sellers” list of energy storage products at Amazon’s German station, Jackery’s sales will show explosive growth, with a month-on-month increase of up to 93%.
Jackery’s domination has its inevitability
a. Outdoor economy boom
With the normalization of the global Covid-19, people prefer to go camping and have a better life outdoors, and the spread of outdoor activities has opened up a new track for the energy storage battery industry. The traditional fuel generator with a heavy body and serious noise pollution.
b. world energy problem
Events such as the Russian-Ukrainian conflict and the “energy crisis” in Europe have made many countries aware of the importance of promoting renewable energy and sustainable energy.
Take orders from major customers as the business foundation, and make brands stronger and bigger.
Hello, Tech began to transform into an export OEM, discovered the sub-category of energy storage power supply, and then established the company brand Jackery in the United States, which was initially operated by overseas teams. In recent years, in addition to the layout of the cross-border e-commerce platform, Hello Tech has also developed its own independent station to occupy the minds of users.
Online and offline multi-channel development
While developing online sales channels, the development of offline channels has also achieved good results in recent years. During the reporting period, the company’s offline sales amounted to 89.7289 million yuan, 138.6827 million yuan, and 247.8947 million yuan respectively, showing a rising trend.
In the cross-border e-commerce 2.0 era of cross-border e-commerce compliance, multi-channel and multi-platform development, it is not only in the field of new energy, but also expects more cross-border e-commerce sellers to find their own opportunities in vertical sub-categories to get better and better.
