Analysis Report On The Market Value Of China'S Electricity Supplier Listed Companies In 2019 (Quan Wen)

(net news agency) in 2019, the domestic e-commerce industry continued to raise the listing boom, and 17 new e-commerce companies were listed. As of December 31, 2019, there were 66 listed companies in China. In this regard, the network by the well-known domestic electronic business think tank Electronic Commerce Research Center (100EC.CN) released the "2019 China electricity supplier listed company market value data analysis report" (see: www.100ec.cn/zt/2019gsszbg), the report released the "2019 China electricity supplier listed company market value list".

The "electricity supplier market value data analysis report" data from the network society's "electronic treasure" large database, according to the electricity market value of China's listed companies (up to the last trading day December 31, 2019) to carry out data statistics and analysis, covering four major areas, including retail electricity providers, industrial electricity providers, cross-border electricity providers and life service providers.

Narrow sense electricity supplier refers to the retail business based on consumer goods. Broad electric providers and pan electric providers refer to the online transactions and formats of all physical, service and virtual commodities relying on the Internet. They mainly include industrial electricity providers mainly based on commodities and industrial products, retail electricity providers based on consumer goods, cross-border electricity providers, and life service providers represented by online takeaway, online travel, online education, online renting, online medical care, transportation and so on.

　　 Market value distribution: As of December 31, 2019, the total market value of the 66 household appliances listed companies amounted to 6 trillion and 450 billion yuan, compared with the total market capitalization of 49 yuan at the end of 2018, an increase of 63.31%. On the whole, the total market value of the electricity supplier listed companies is increasing continuously, showing that the capital market is optimistic about this new economic industry. Compared with the end of 2018, the growth of market value was obvious: vip.com grew by 202.96%, the US group's comments increased by 149.92%, and Ping Hao's doctors increased by 109.76%. The decline was obvious: mogujie.com dropped 87.28%, drow Chi Lian dropped 81.63%, and the Group car dropped 80.68%. The change of market value is the embodiment of the company's operating condition. The increase obviously reflects the capital market's affirmation of its value.

　　 Domain distribution: In terms of field distribution, there are 28 retail business providers, 21 life service providers, 10 industrial electricity suppliers, and 7 cross-border electricity providers. In 2019, life service providers and retailers in the field of electricity providers made rapid progress, and industrial electricity providers were also ready to go. Retail electricity providers play a bigger role in the promotion of new retail outlets. They are still the driving force behind the development of e-commerce, leading the development of various fields. At the same time, online transactions of non physical commodities are showing a rapid growth trend, the consumption field has also been widened, and the development of service providers has begun to develop. Industrial electricity providers are coming to the draught, which has great potential for growth in the future, and will be developed from the consumption Internet to the industrial Internet direction; cross-border electricity providers share less market share, and the future development space is worth looking forward to.

　　 Urban distribution: 66 the number of household electrical appliance listed companies, Beijing accounted for 33.33% of the 22, 12 in Shanghai accounted for 18.18%, 9 in Hangzhou accounted for 13.64%; market value distribution, Beijing 1 trillion and 321 billion 662 million yuan, accounting for 20.48%; Shanghai 611 billion 561 million yuan, accounting for 9.48%; Hangzhou 9.48% yuan, accounting for the ratio of 9.48%. The number of electricity providers listed on the North Hang Hang is over 60%, the total market capitalization is over 90%, and the advantage of regional resources is outstanding. It is the main source of the electricity supplier company and leads the development of the electricity supplier industry.

　　 Time to market: In 2019, 17 new business listed companies, the highest electricity supplier listing record. The rapid increase in the number of new businesses in recent years has highlighted the favor of the capital market for this category of "new economy" enterprises.

According to the www.100ec.cn/Index/dsb_product.html data, as of December 31, 2019, there are 66 e-commerce listed companies in China, which are distributed in the field of industrial e-commerce, retail electricity providers, cross-border electricity providers, and life service providers. Industrial electricity suppliers (10 companies): Shanghai Steel Union, Zhuo Er Zhi Lian, ST Guan Fu, business treasure, focus technology, *ST Ou Pu, Huicong group, Ke Tong core city, Guo Lian share, and Mo Bei; Retail business category (28 companies): Suning.com, temple library, jumei.com, Antarctica, China has a lot of praises, lots of spells, baby tree groups, group car nets, interesting shops, such as Han, three squirrels, what is worth buying, Gome retail, royal home collection, gathering, Alibaba, Jingdong, vip.com, excellent letter, millet group, 1 drug network, mogujie.com, Le Xin, Bao Zun electric business, micro Alliance Group, Song Li Si, Xiaoxin electric appliance, one net one creation; Cross border electricity providers (7 companies): Guang Bo shares, Hua Ding shares, cross border links, Tian Ze information, liaison interaction, Xinwei international, Lanting Pavilion gathering potential; Life service business category (21 families): Ctrip, road cattle, 58 city, no worries, housing world, Lok Ju, Qing Ke apartment, room many, safe and good doctor, who to learn, Ali pictures, Ali health, Qi Yi technology, beauty group comment -W, the same Cheng elong, new oxygen, Swiss coffee, worry free English, new Oriental line, NetEase Road, cat eye entertainment.

The report shows that as of December 31, 2019, there were 66 domestic e-commerce listed companies. In 2019, the total market capitalization of 66 household appliance listed companies was 6 trillion and 450 billion yuan, with an average market value of 97 billion 761 million yuan. Among them, the retail electricity supplier listed company has a total market value of 5 trillion and 210 billion yuan, with an average market value of 185 billion 929 million yuan; the total market value of life service electricity supplier listed companies is 1 trillion and 160 billion yuan, with an average market value of 55 billion 54 million yuan; the total market value of industrial electricity supplier listed companies is 56 billion 100 million yuan, with an average market value of 5 billion 613 million yuan; the total value of listed companies of cross-border electricity companies is 33 billion 900 million yuan, with an average market value of 4 billion 850 million yuan.

　　 Main characteristics

　　 Feature 1: the overall scale of electricity providers is expanding by 10 billion yuan.

In 2019, the total market value of the electricity supplier listed company was 6 trillion and 452 billion 235 million yuan, an increase of 30.41% compared with 4 trillion and 947 billion 485 million 200 thousand yuan in the first half. Market capitalization of more than 100 billion yuan, there are 6, respectively, Alibaba, the United States group review, Jingdong, spice, millet group, Ctrip; 6 to 50 billion yuan to 100 billion yuan, respectively, Ali health, suning.com, 58 city, vip.com, Ruixing coffee, safe good doctor; 10 billion yuan to 50 billion yuan of 16, respectively, for future worries, who learn, Ali pictures, Antarctica, and Cheng Yilong, three squirrel, Lok Xin, New Oriental online, cat eye entertainment, Bao Zun electric business, one network one creation, Gome retail, Shanghai Steel Union, cross border pass, NetEase Youdao, Guo Lian shares; the remaining 38 are below the level of 38 yuan. Electricity supplier listed companies

Cao Lei, director of the e-commerce research center, said that compared with the 100 billion club in the first half of the year, suning.com has withdrawn from the ranks, and the remaining six have not changed much in addition to making more than millet group. Alibaba, as the leader, is still ahead of the market, accounting for over 60% of its market value. The US group's comments have increased rapidly since 2019, exceeding five hundred billion yuan, 52.55% higher than the market value in the first half of the year, and more than three hundred billion yuan for Jingdong and many spells. The market value increased significantly, which was 85.95% higher than that in the first half, more than that of the Xiaomi group; the market value of millet group rose slightly over the first half of the year, reaching more than two hundred billion yuan; and the market value of CW declined slightly in the half year, at a level of 100 billion yuan.

The overall market value of electricity providers is expanding, but showing polarization. The market value is above three trillion yuan, the lowest level is only three hundred million yuan, and accounts for 57.58% of the level below 10 billion yuan. The highest ranked market value is the retail electricity providers and life service providers, ranking in the downstream is cross-border electricity providers and industrial electricity providers.

　　 Characteristics two: listed electricity providers gather "North Shanghang" three places total market capitalization exceeds 90%

　　从所在城市的分布数量来看，10家以上的第一梯队的有2个城市：北京22家（美团点评、京东、小米集团、58同城、跟谁学、新东方在线、猫眼娱乐、国美零售、国联股份、趣店、新氧、什么值得买、优信、宝宝树集团、慧聪集团、寺库、乐居、搜房网、聚美优品、无忧英语、团车、兰亭集势）、上海12家（拼多多、携程、平安好医生、前程无忧、南极电商、宝尊电商、上海钢联、微盟集团、1药网、摩贝、青客公寓、齐屹科技）；拥有2至10家的第二梯队有5个城市：杭州9家（阿里巴巴、壹网壹创、网易有道、联络互动、云集、中国有赞、生意宝、如涵控股、蘑菇街）、南京4家（苏宁易购、天泽信息、焦点科技、途牛）、深圳4家（乐信、房多多、歌力思、科通芯城），香港3家（阿里影业、新维国际、阿里健康），佛山2家（小熊电器、欧浦智网）；分布1家的第三梯 The team has 10 cities: Wuhan, Guangzhou, Changsha, Wuhu, Yiwu, Xiamen, Quanzhou, Ningbo, Suzhou and Taiyuan.

Judging from the ranking of the total electricity market capitalization of various cities, the number of cities in Hangzhou ranked third in total market capitalization of 4 trillion and 20 billion 675 million yuan, ranking first in the total market capitalization of electricity suppliers, accounting for more than 60%, mainly from the absolute leading volume of Alibaba 3 trillion and 962 billion 61 million yuan market value. As the largest economic city in the country, Shanghai has 12 listed companies of household electrical appliances, with a total market value of 611 billion 561 million yuan. Among them, there are 2 enterprises with more than 100 billion market capitalization.

Beijing has a siphon effect with the strength of the capital's strong absorption of gold and various resources, information, talents and policies. It has 22 households with a total market capitalization of 1 trillion and 321 billion 662 million yuan. 4 of the top 10 of the list are in Beijing, including the US group review, Jingdong, millet group and 58 city. A total of 3 companies with a market value of over 100 billion have the highest gold content. In 2019, 6 of the 17 new home appliance companies listed in Beijing were located in the city of Beijing. As the most attractive "national e-commerce demonstration city", the largest number of e-commerce listed companies in the country, and the team is also growing, leading the country's e-commerce development.

　　 Feature three: create the highest electricity supplier listing year, the development of the electricity supplier industry continues to boom.

In recent years, the continuous introduction of the electricity supplier policy has prompted the electronic commerce company to seize the opportunity to develop and borrow the powerful financing platform of the capital market to build up a large scale. The rapid increase in the number of new businesses in recent years has highlighted the favor of the capital market for this category of "new economy" enterprises.

As of December 31, 2019, there were 66 domestic e-commerce listed companies. In 2019, the total market value of the listed companies reached 6 trillion and 452 billion 235 million yuan, of which 17 were successfully listed in 2019, with a total market value of 251 billion 182 million yuan, with an average market value of 14 billion 775 million yuan, which set the record of the largest number of electricity suppliers listed.

From the point of view of the field, there are 8 new life service providers in the new listed companies (cat eye entertainment, New Oriental online, new oxygen, Ruixing coffee, with whom, NetEase, Youdao, Fang Fang, Qing Ke apartment), and retail electricity providers 7 (micro Alliance Group, such as Han holdings, gathered, three squirrels, what is worth buying, Xiao bear appliance, one net one creation), 2 industrial electricity providers (National Union shares, Mobei chemical).

From the ranking of market capitalization, the top twenty of the new listed companies are Ruixing coffee, who learns and three squirrels. Among them, the market value of Ruixing coffee exceeds 50 billion yuan, reaching 65 billion 865 million yuan, increasing by 109.41% in half a year. The change of market value corresponds to the company's operating condition, and the increase is obviously the affirmation of its value by the capital market.

　　 Feature four: over 70% electricity providers go overseas to list overseas advantages to help new companies develop

On the site of the listing, there are 19 A shares, 17 Hong Kong stocks and 30 U.S. stocks in 66 listed electricity providers. In 2019, of the 17 listed electricity supplier companies, 5 were A shares, and the remaining 12 were all in the US and Hong Kong stocks overseas IPO. The main reason for the choice of overseas listing is that, in addition to many companies' VIE red chip structure, the listing of overseas markets has made the capital market more imaginative and easier to be sought after by capital. Secondly, there are advantages in the threshold of overseas listing and the time to market, which is conducive to the market of new ventures.

As a whole, listed companies can optimize their corporate structure by entering the capital market. Both in terms of financing capability and management level, they will help enterprises develop steadily and steadily.

　　 Characteristics five: retail electricity providers "oligopoly effect" obvious polarization phenomenon

Data show that in the distribution of electricity supplier segments, 28 retail electricity suppliers listed companies have a total market value of 5 trillion and 206 billion 17 million yuan, accounting for 80.69%, of which six of the market capitalization list TOP10. In 2019, there were 7 new retail business providers (micro Alliance Group, such as Han holdings, gathered, three squirrels, what is worth buying, Xiao bear appliance, one network creation). In the first half of the 3 listed companies, such as Han holdings, the market value increased by more than 1 times, and the gathering and micro alliance groups were on the decline, falling by 58.91% and 24.53% respectively.

Undoubtedly, the market capitalization of the retail electricity supplier is Alibaba, accounting for 61.41% of the total market capitalization of 66, followed by Jingdong, and a lot of strength can not be underestimated, and the difference from Jingdong is less than 50 billion. The bottom line of the market value is the car business network. The market value is evaporated by 52.81% compared with the first half of the year. On the whole, the retail electricity supplier occupies the absolute leading position. The head electricity supplier belongs to the "high market value" field. There are 4 billion electricity providers, accounting for 57.14% of the market value below 10 billion yuan, and the minimum market value is less than one billion yuan, showing a differentiation phenomenon. With the "Internet +" upgrade and the integration of online and offline businesses, the new retail industry will play a greater role in promoting consumption and lead the sustainable development of the electricity supplier industry. Mo Daiqing, director of online retail department of e-commerce research center, senior economist, said.

　　 Feature six: the growth of the scale of life service providers is strong, and the future development should not be underestimated.

In the distribution of electricity supplier segments, the total market value of 21 life service e-commerce listed companies amounted to 1 trillion and 156 billion 137 million yuan, accounting for 17.92%, of which four of the market capitalization list TOP10 accounted for more than 100 billion yuan.

In this regard, Chen Liteng, an e-commerce analyst at the network economic research center, said that the market value of the US group's comments in the first half of the field has increased by about 182 billion 200 million. In 2019, there were 8 new life service providers listed in the new market. The growth of market value was evident in the creation of Ruixing coffee, the fastest IPO record in 18 months, and the fastest IPO record in the creation of K12 online education in China.

With the vigorous development of new consumption formats, online trading of non physical commodities has seen a rapid growth trend, and the consumption field has also been widening. The hot development of online education industry has added a strength to the growth of life service e-commerce providers, and the future development is worth looking forward to.

　　 Feature seven: the industrial electricity supplier is ready to become the next "outlet".

In the distribution of various segments of the electricity supplier, the total market value of the 10 industrial electricity supplier listed companies amounted to 56 billion 133 million yuan, accounting for 0.87%. In 2019, there were 2 electricity suppliers in the new listed companies. The market value of the League of nations reached 10 billion 660 million yuan, and the market value of the company was 3 billion 830 million yuan.

In addition to the 2 new home appliances listed in the second half of the year, 5 of the remaining 8 have fallen in value for half a year, while 3 have risen slightly. In addition to Shanghai Steel Union and the League of nations, the market value of the industrial electricity supplier is below 10 billion yuan, which is underestimated in the two tier market, and should have great potential for development and investment.

Zhang Zhouping, director and senior analyst of B2B, director of the electronic commerce research center, said that at present, the industrial electricity supplier has already arrived at the draught. The next twenty years will be the golden age of the industrial Internet. The key to winning the battle lies in "serious connections". In addition to maintaining the core advantages of the platform, the industrial Internet must also enlarge the industrial ecology, join hands with more partners to improve the ecology of Internet services, and achieve mutual benefit and win the triple win of the platform, enterprises and the third party. In some ways, the internal driving force of the development of enterprises is technological innovation, and the driving force of the development of enterprises is the industrial Internet. We believe that the biggest market power in the future is undoubtedly from the consumption Internet to the industrial Internet.

　　 special Levy eight: the size of cross-border electricity providers did not increase, the total market value decreased, the average decline was negative.

In 2019, the total market value of the 7 cross-border electricity supplier listed companies was 33 billion 949 million yuan, accounting for 0.53%, with an average market value of 4 billion 751 million yuan. The average annual decline of cross-border electricity suppliers was negative, compared with the first half of the year, the total market value dropped by about 3 billion 783 million yuan, and the average market value dropped by about 280 million yuan. Among them, cross border, huting shares, Lanting Pavilion market value of the first half of the same period declined, the remaining 4 were slightly higher. The market value of Huat's shares has dropped by 51.87%, and the last Xinwei international has risen by about 47.68%.

Zhang Zhouping, director and senior analyst of B2B, director of the e-Business Research Center, said that the new global trading environment is indeed a catalyst for accelerating the development of cross-border electricity providers. Under the current circumstances, the export electricity supplier will usher in certain development opportunities, and will accelerate the development of traditional trade enterprises from offline to online, and promote the expansion of the overall transaction scale. The shortage of talents, the backward thinking of traditional foreign trade enterprises, and the lagging development of cross-border electricity supplier logistics are all the practical difficulties encountered by the current electricity export industry.

In addition, Zhang Zhouping believes that to promote cross-border electricity supplier development, we need to strengthen the training of cross-border e-commerce talents. Talents are the basis for the development of cross-border electric business, and the rapid development of the industry has created an urgent demand for comprehensive talents. In the future, policies should be directed to enhance the training of foreign language professionals and cross-border e-commerce talents through integrating the resources of international trade, e-commerce and foreign language majors.

　　 Appendix: list of market capitalization of China's electricity supplier listed companies in 2019