On August 24, Yiwu Huading Nylon Co., Ltd. (hereinafter referred to as "Huading") released its semi annual report for 2021. The report showed that its 100% holding company, Shenzhen Tongtuo Technology Co., Ltd. (hereinafter referred to as "Tongtuo"), had a net profit of 76.8004 million yuan during the reporting period.
Among them, TOMTOP, TECHNOLOGY and LIMITED, important subsidiaries of Tongtuo, had a net profit of 38.2382 million yuan during the reporting period.
As early as the beginning of August, Huading Shares publicly disclosed that since the middle and late July, stores involved in Tongtuo's many brands have been suspended from sales by Amazon and their funds have been frozen. Upon investigation, the reason may be due to improper comments on some goods, suspected of violating Amazon platform rules. The number of Tongtuo Technology stores closed due to sales ban totaled 54, and the suspected frozen capital was 41.43 million yuan, accounting for 4.27% of the company's monetary capital at the end of 2020.
Although, Huading Shares said that the stores and self operated websites of other platforms of Tongtuo Technology were not affected, but Sales of the above affected stores Excessive proportion ， certainly will This year his The development of cross-border e-commerce business has a certain degree of adverse impact.
About Huading Semi annual Report“ Possible risks ”It is also mentioned that due to The cross-border e-commerce segment of the company is mainly through Amazon, eBay, Wal Mart, AliExpress The policy changes of third-party e-commerce platforms such as Lazada and Amazon may have a significant impact on Tongtuo Technology's cross-border e-commerce business. For those suspected of violating the platform rules, they may lead to the cancellation of goods, suspension or confiscation of payment, revocation of sales authority and other measures in relevant stores, resulting in the freezing of Tongtuo Technology's funds and goods, and the face of stock return Inventory depreciation risk such as inventory discount processing.
It is reported that, Tongtuo Technology It was previously stated that "seal" We have lodged a complaint with Amazon platform to try to recover the sales of relevant brand stores as soon as possible, remove the capital freeze, and hired professional lawyers to prepare for arbitration. At the same time, increase the sales proportion of other e-commerce platforms, such as eBay, Wal Mart, AliExpress, Lazada, etc., increase the investment in Tongtuo Technology's proprietary website, and actively expand offline physical store channels in Europe and the United States.
(Source: the second and third events of cross-border tycoons)
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