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400-882-6908Smarter Energy (600869) released its third quarter report of 2016 in the evening of October 30. According to the report, in the first three quarters of 2016, Smarter Energy has realized a total amount of about RMB 5,625 million of the net assets attributable to shareholders of the listed company, with an increase of 35.28% compared with that of the end of previous year; RMB 0.27 billion of net profit after deducting non-recurring profit and loss attributable to shareholders of the listed company, with a year-on-year increase of 29.13%. Statistics show that the market performance of Smarter Energy in the first three quarters has achieved a steady increase and the company enjoys a favorable prospect.
Far East Trading Pay Network Co., Ltd. (hereinafter referred to as Trading Pay) is a world-leading e-commerce transaction platform for electric and electronic products and it is mainly engaged in customization and prompt products of wires and cables and procurement and sales of products such as supporting hardware accessories, interior decoration wires and electric and electronic products. It provides wire and cable companies, electrical engineering and equipment enterprises and dealers and end customers with one-stop solutions integrated with services such as purchasing, marketing, payment, logistics, quality testing and financing. Trading Pay platform features six advantages: an industrial big data base in which there are over 1,000 high-quality providers; an integrated supply chain consisting of manufacturers distributed in over 1,000 cities and counties, and local production and regional goods distribution; integrated marketing throughout the network and target-oriented product promotion on Trading Pay, APP, H5, WeChat and Sina Weibo; high-quality buyer resources with over 1 million registered users and over 0.5 million views; steward-mode service provided by “agent-running” of e-commerce; free entry into the platform.
According to the financial statement, Trading Pay has achieved excellent performance that the sales in the first three quarters has reached RMB 3,277 million, with a year-on-year increase of 56.64%. During the reporting period, Trading Pay has created an industrial marketing entrance with vertical B2B model and was awarded the honor of “2016 China’s Top 100 B2B E-commerce” issued by 2016 China B2B Summit”.
Smarter Energy (600869) has always taken on-line development as a major strategy and has been engaged in developing “Internet +” and building “one network and two platforms” since 2010. Over five years of rapid development, Smarter Energy has now become a global electric and electronic vertical e-commerce platform with industry support. For further development of Trading Pay business, Smarter Energy raised additional capital and established Far East Material Trading Center (abbreviation: Trading Center) based on the former China Material Trading Institute. With the help of China Federation of Logistics & Purchasing, Trading Center will obtain more opportunities and resources and make contributions to sustainable development of the industry. Smarter Energy has also been actively seeking for cooperation with Internet companies at home and abroad in industrial Internet sector to promote transformation and leaping-over development of the company.
According to the institution research report, Trading Pay is one of the strongest practitioners of “Internet +” business in the industry. In virtue of vigorous support in resources from Smarter Energy and by means of a series of current and future measures, the system of Trading Pay has been gradually perfected and the rudiment of Internet financial ecology has also come into being. At present, Trading Pay is undervalued, and it has great potentials for future development.
In addition, according to the report, benefited from State Grid’s constant investment in intelligent grid during the 13th Five-Year Plan, the company has achieved a remarkable increase in market performance. During the reporting period, the operating revenues of intelligent equipment business of the company has reached about RMB 169 million, with a year-on-year increase of 159.33%.
