On January 19, the general office of the State Council issued opinions on promoting the integrated development of domestic and foreign trade , which proposed to promote the implementation of the promotion strategy of free trade zone; Encourage Chinese enterprises and institutions to participate in international standardization activities, strengthen upstream and downstream cooperation in the industrial chain and jointly formulate international standards; Encourage large commercial and logistics enterprises to “go global”, strengthen resource integration and allocation, and improve the global service network; Support the development of large multinational supply chain service enterprises and enhance the toughness of industrial chain supply chain; Promote the digitization of domestic and foreign trade; support the innovative development of reverse customization (c2m) and intelligent factory, enhance the capacity of flexible production and demand adaptation, and promote the integration of domestic and foreign trade; Solidly promote the construction of cross-border e-commerce comprehensive pilot zone, encourage the platform to improve its functions and better connect with China’s international market.
On the same day, the cross-border e-commerce index rose 0.97%. In the concept sector, Jc Finance & Tax Interconnect Holdings Ltd(002530) , Shandong Hiking International Co.Ltd(600735) , Jiangsu Holly Corporation(600128) , Shangying Global Co.Ltd(600146) and other four stocks rose by the limit; The c2m index rose 1.19%, and Shandong Nanshan Fashion Sci-Tech Co.Ltd(300918) , Hand Enterprise Solutions Co.Ltd(300170) rose more than 5%.
At present, there is still room to improve the penetration of cross-border e-commerce. Considering the overdraft of overseas durable goods consumption demand and the uncertainty of Global trade pattern, China International Capital Corporation Limited(601995) it is expected that the compound growth rate of cross-border e-commerce B2C export transaction volume is expected to reach 19% in the next five years, 5.26 trillion yuan in 2025 and 20% online penetration. The industry may incubate a number of cross-border logistics leading enterprises.
According to the statistics of securities times · databao, the cross-border e-commerce index has rebounded since reaching the bottom at the end of October 2021, and has risen by 15.25% so far. 23 constituent stocks rose more than 20%, and Jc Finance & Tax Interconnect Holdings Ltd(002530) , Shangying Global Co.Ltd(600146) , Xiamen Jihong Technology Co.Ltd(002803) won the top three. The trend of c2m index is similar to that of cross-border e-commerce index, with a cumulative increase of 16.7% since the end of October. 11 constituent stocks rose more than 20%.
In terms of valuation, the P / E ratio of cross-border e-commerce sector is 23.27 times and that of c2m sector is 26.22 times. Among the concept stocks, there are 19 stocks with the latest P / E ratio of less than 20 times, and the valuations of five stocks such as Nanjing Iron & Steel Co.Ltd(600282) , Guangxi Wuzhou Communications Co.Ltd(600368) , Sinotrans Limited(601598) , Wuchan Zhongda Group Co.Ltd(600704) and Fujian Sbs Zipper Scienceand Technology Co.Ltd(002098) are at a low level, all less than 10 times.
Data treasure has counted the list of cross-border e-commerce / c2m concept stocks recently rated by 5 or more institutions, with a total of 27 stocks. The number of Mango Excellent Media Co.Ltd(300413) and Oppein Home Group Inc(603833) rating ranks first, with 40 and 34 institutions participating respectively; There are more than 20 rating agencies for Winner Medical Co.Ltd(300888) , Yto Express Group Co.Ltd(600233) , Shede Spirits Co.Ltd(600702) , Anker Innovations Technology Co.Ltd(300866) 4 shares. Mango Excellent Media Co.Ltd(300413) and Winner Medical Co.Ltd(300888) are cross-border e-commerce concepts and Oppein Home Group Inc(603833) is c2m concept.
So far, 12 shares have issued annual performance forecasts. In terms of the median value of the forecast interval, Hand Enterprise Solutions Co.Ltd(300170) and Shede Spirits Co.Ltd(600702) doubled the annual net profit, with an increase of 231% and 116.5% respectively. Hand Enterprise Solutions Co.Ltd(300170) said that the c2m business of digital intelligence production and marketing and GMC business controlled by the group, which are the independent products mainly developed by the company in recent years, had a high growth rate in 2021; Shede Spirits Co.Ltd(600702) has a consumer experience center that provides product c2m customization services.
In addition, the median growth rate of Syoung Group Co.Ltd(300740) , Shandong Nanshan Fashion Sci-Tech Co.Ltd(300918) , Fspg Hi-Tech Co.Ltd(000973) , Cts International Logistics Corporation Limited(603128) , Hichain Logistics Co.Ltd(300873) is also more than 60%. At present, only Hunan Huakai Cultural And Creative Co.Ltd(300592) and Shenzhen Jame Technology Corp.Ltd(300868) stock forecast performance decreased year-on-year, with a decrease of 31.23% and 74% respectively.
