Eternal Asia stated that the increase in revenue this year was mainly due to the increase in distribution and marketing business income, while the decrease in net profit was attributed to the increase in costs in that area. 71,190,000
On the evening of August 17th, Eternal Asia announced its financial report for the first half of 2023. According to the report, Eternal Asia’s operating revenue for the first half of the year was 42.036 billion yuan ($5.8 billion), a year-on-year increase of 37.31%. The net profit attributable to shareholders of the listed company was approximately 71.1951 million yuan ($9.77 million), a year-on-year decrease of 47.27%. The basic earnings per share were 0.03 yuan, a year-on-year decrease of 40%.
Eternal Asia’s service network covers over 320 major cities in mainland China, as well as Hong Kong, Singapore, the United States, and more than 10 other countries or regions. In the first half of the year, its revenue from overseas regions reached 2.431 billion yuan ($333.8 million), accounting for 78% of the overall revenue, down 49.2% year-on-year.
According to Eternal Asia’s official website, the company operates with a “supply chain + industrial chain + incubator” model, providing supply chain platform services, industrial chain integration operations, and brand marketing. In 2022, the company’s business volume exceeded 110 billion yuan, and it ranked 193rd in the Fortune China 500 list. It serves millions of terminal stores across the country and provides efficient supply chain services to more than 100 Fortune Global 500 companies, including Procter & Gamble and Unilever, as well as over 2,600 well-known enterprises.
Eternal Asia stated that the increase in revenue this year was mainly due to the increase in distribution and marketing business income, while the decrease in net profit was attributed to the increase in costs in that area.
Furthermore, the company mentioned that since 2023, it has been developing its major brand “1+N” strategy and expanding its customer share. It has been guiding the entire company and its partner brands to utilize “Eternal Asia Tianxia” marketing and coverage. In May, the “Eternal Asia Tianxia” platform completed integration with the Procter & Gamble system, and in the past two months, it added a total of 2,000 new customer coverages. During the reporting period, the development of “Eternal Asia Tianxia” continued to accelerate, with over 10,000 new customers added and an average monthly order volume of over 10,000, reaching a cumulative customer base of over 80,000.
Public information shows that Eternal Asia is primarily involved in sectors such as wine, maternal and child products, food, household appliances, and daily chemicals. In the cosmetics field, its business mainly includes cosmetics import and export as well as purchasing and sales.
