$EAST BUY (01797.HK)$ After listening to the performance conference, I shared some important information:
1. The profit margin for the second quarter (9-11) was lower than that of the first quarter (6-8), (GMV in the first quarter was 2,249 million, 2,551 million in the second quarter). The reason was that after the sudden outbreak in the first quarter, the company increased investment (personnel, supply chain) in the second quarter. The first quarter was still a small company. The cost investment mainly occurred in the second quarter. Most of them were one-time investments. Some major investments have already been completed, and profit margins will rise later.
2. Sign up for East Buy in many places and aim to go overseas.
3. Upstream investments have been made in supply chains and agricultural products companies.
4. I am confident that the monthly GMV will continue to grow month-on-month. The sales volume of many large products has already surpassed Sam's in the whole country.