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Haitong sec: The development momentum of cross-border e-commerce is strong, and the export scale of furniture and home products is promising.
Based on the increase in disposable income in developed countries and the convenience of online shopping, furniture and home furnishing products are expected to become the fastest-growing category in the global B2C e-commerce market.
Loctek Ergonomic Technology to Set Up US Warehouse for $97 Million; Shares Drop 4%
loctek ergonomic technology corp. (300729.SZ): plans to invest approximately 0.7 billion yuan to build overseas warehouses
On December 3, Gelonghui reported that loctek ergonomic technology corp. (300729.SZ) announced that to further enhance the company's competitiveness and accelerate the development of its public overseas warehouse business, its wholly-owned subsidiary 6075 Lance LLC intends to sign a construction contract for the "California Apple Valley Overseas Warehouse Project" with ARCO National Construction Pacific Coast, LLC. The total construction price is expected to be 97 million USD (approximately 0.7 billion yuan). The investment purpose: overseas warehouses are essential for developing cross-border e-commerce.
loctek ergonomic technology corp. (300729.SZ): Overseas warehouse business provides innovative comprehensive services for cross-border e-commerce sellers.
On November 25, Geelong reported that loctek ergonomic technology corp. (300729.SZ) stated on the investor interaction platform that the company's overseas warehouse business provides innovative comprehensive services for cross-border e-commerce sellers through public overseas warehouses, with some orders coming from customers' sales on TikTok.
Guosen Securities: Light industry operations under pressure in Q3, business climate bottoming out, looking forward to trade-in programs to improve domestic demand.
In Q3 2024, the total revenue of listed companies in the home sector decreased by 2.7% year-on-year, net income attributable to parent company shareholders decreased by 23.5% year-on-year, gross margin decreased by 2.5 percentage points to 31.0%, net margin decreased by 2.0 percentage points to 7.4%.
Minsheng Securities: In 24Q3, the commercial retail industry in the consumer sector was affected by demand-side pressure, leading to a slowdown in revenue and profit growth across multiple sectors.
The total retail sales of 24 companies in Q1-Q3 reached 35.36 trillion yuan, with a year-on-year growth of +3.35%. The total retail sales of a single company in Q3 reached 11.76 trillion yuan, with a year-on-year growth of +2.69%, showing a slower growth rate compared to the previous quarter.
Loctek Ergonomic Technology Corp.'s (SZSE:300729) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
