Can You Beat More Than 13 Billion 120 Million In 2018?

In April 24th, the annual report of the 2018 fiscal year was released, which is the first annual report after a lot of listing.

According to the disclosure, a lot of annual revenue is 13 billion 120 million yuan, and the annual number of active buyers is 418 million 500 thousand, GMV is 471 billion 600 million yuan, and the loss is 10 billion 220 million yuan.

In addition, the annual report shows that as of December 31, 2018, the total number of employees was 3683, representing an increase of 2524 compared with 1159 in 2017.

Among them, the number of engineers exceeds 1800, occupying half of the company.

Subsequently, many of the founders, chairman and CEO Huang Zheng released the first shareholder letter since the company went public.

In the letter to shareholders, Huang said that the biggest feature of the new electricity supplier was "inclusive", which was determined by the age of its birth.

20 years ago, when the Internet started in China, users were a relatively small number of people with a relatively high level of knowledge economy.

20 years later, when there are more spells, no matter the country or the city, the professors or the peasants, the mobile Internet has entered the life of ordinary people equally.

The new platform at this time, its historical mission is to serve the most common people.

Huang disclosed for the first time that the logistics electronic surface single system, which was launched more and more, has become the second largest electronic surface single system in China and the world in a short time.

Huang said that although it grew fast and had a certain scale, it has only 4 years since its establishment, and is still a start-up company.

It's like reading YAO in primary school. Although tall, it is still a primary school student.

At this stage, adequate nutrition and proper discipline are needed.

Occasionally, they will be pushed onto the court to compete with large adult players.

Because entering the arena, this little adult has the ability to generate income and make money at any time.

Similarly, a lot of spells also have the ability to generate large amounts of revenue. There is only a weak correlation between current short-term expenses and revenue.

Short term expenses on the books (which we think are quite valuable investments) are also highly adjustable at any time.

Huang believes that it is not a good idea to deposit money in the money box.

For a long time, we will not change our present business strategy. We will continue to focus on the endogenous value of enterprises, and actively seek opportunities to invest in long-term corporate value, even if these inputs are recorded as large short-term expenses according to accounting standards.