E-commerce refers to a business operation mode conducted in an open internet environment, where buyers and sellers conduct various business activities from any network-connected location to facilitate the exchange of means of production between two or more traders, as well as the resulting trading processes, financial activities, and related comprehensive service activities.

Profitability is typically reflected in the amount and level of corporate earnings over a certain period. The analysis of profitability involves an in-depth examination of a company's profit margins.

This article is part of the Corporate Value Series, specifically focusing on [Profitability]. A total of 20 e-commerce enterprises are selected as research samples, with indicators such as Return on Equity (ROE), Gross Margin, and Net Profit Margin used for evaluation.

Data is based on historical information and does not represent future trends; it is provided for static analysis only and does not constitute investment advice.

Top 10 most profitable e-commerce enterprises:

10th. Suntek International

Industry Segment: Cross-border E-commerce

Profitability: ROE 30.28%, Gross Margin 32.18%, Net Profit Margin 7.68%

Performance Forecast: No institutional performance forecast for this year

Main Products: Cross-border e-commerce retail as the primary source of income, accounting for 73.34% of revenue with a gross margin of 37.95%

Company Highlights: Suntek International's main business includes export cross-border e-commerce retail and third-party export cross-border e-commerce logistics. Its main products and services are export cross-border e-commerce retail and logistics.

9th. Huading Industries

Industry Segment: Cross-border E-commerce

Profitability: ROE 7.46%, Gross Margin 17.85%, Net Profit Margin 3.59%

Performance Forecast: No institutional performance forecast for this year

Main Products: Nylon yarn as the primary source of income, accounting for 58.97% of revenue with a gross margin of 11.55%

Company Highlights: Huading Industries' main business is civilian nylon filament yarn. Its main products and services include nylon yarn, e-commerce, and construction contracts.

8th. Guolian E-commerce

Industry Segment: Comprehensive E-commerce

Profitability: ROE 20.46%, Gross Margin 5.19%, Net Profit Margin 3.09%

Performance Forecast: No institutional performance forecast for this year

Main Products: Online commodity trading as the primary source of income, accounting for 99.71% of revenue with a gross margin of 4.21%

Company Highlights: Guolian E-commerce provides online commodity trading, business information services, and internet technology services for industrial products and raw materials to customers in related industries.

7th. EoneNet

Industry Segment: E-commerce Services

Profitability: ROE 8.97%, Gross Margin 36.84%, Net Profit Margin 17.95%

Performance Forecast: ROE has continuously declined to 3.89% in the last three years, with the latest forecast average at 5.02%

Main Products: Online distribution services as the primary source of income, accounting for 41.00% of revenue with a gross margin of 18.65%

Company Highlights: EoneNet's main business is to provide comprehensive e-commerce services for brands driven by the dual wheels of 'E-commerce Full-Service Provider + New Consumer Brand Accelerator'.

6th. Ruoyuchen

Industry Segment: E-commerce Services

Profitability: ROE 3.64%, Gross Margin 35.15%, Net Profit Margin 2.99%

Performance Forecast: ROE has continuously increased to 5.01% in the last three years, with the latest forecast average at 8.60%

Main Products: Agency operations as the primary source of income, accounting for 49.69% of revenue with a gross margin of 34.86%

Company Highlights: Ruoyuchen's main business includes brand management, private label, and agency operations, focusing on forward-looking brand strategy development to empower brand growth across the entire supply chain.

5th. Qingmu Technology

Industry Segment: E-commerce Services

Profitability: ROE 17.05%, Gross Margin 43.27%, Net Profit Margin 9.93%

Performance Forecast: ROE has continuously declined to 3.70% in the last three years, with the latest forecast average at 9.83%

Main Products: E-commerce sales services as the primary source of income, accounting for 51.44% of revenue with a gross margin of 48.18%

Company Highlights: Qingmu Technology's services include e-commerce agency operations, channel distribution, e-commerce channel retail, brand digital marketing, technical solutions, and consumer operations services.

4th. Jihong Co., Ltd.

Industry Segment: Cross-border E-commerce

Profitability: ROE 12.58%, Gross Margin 41.91%, Net Profit Margin 4.06%

Performance Forecast: ROE has fluctuated between 9%-16% in the last three years, with the latest forecast average at 8.43%

Main Products: E-commerce business as the primary source of income, accounting for 56.42% of revenue with a gross margin of 59.73%

Company Highlights: Jihong Co., Ltd.'s main products and services include ToC - Internet marketing cross-border e-commerce, ToB - Internet marketing advertising, color packaging cartons, cartons, eco-friendly food packaging, and supply chain management.

3rd. Huakai Yibai

Industry Segment: Cross-border E-commerce

Profitability: ROE 12.93%, Gross Margin 37.44%, Net Profit Margin 5.44%

Performance Forecast: The highest ROE in the last three years was 15.83%, with the latest forecast average at 14.46%

Main Products: Cross-border export e-commerce business as the primary source of income, accounting for 86.00% of revenue with a gross margin of 40.27%

Company Highlights: Huakai Yibai is a cross-border export retail e-commerce enterprise relying on China's high-quality supply chain resources and market demand orientation.

2nd. Savoye International

Industry Segment: Cross-border E-commerce

Profitability: ROE 20.98%, Gross Margin 58.08%, Net Profit Margin 5.04%

Performance Forecast: ROE has fluctuated between 13%-32% in the last three years, with the latest forecast average at 14.15%

Main Products: Cross-border export e-commerce as the primary source of income, accounting for 95.87% of revenue with a gross margin of 47.58%

Company Highlights: Savoye International is a comprehensive cross-border export e-commerce enterprise integrating product design, logistics and warehousing, cross-border export retail and distribution, and after-sales services.

1st. Focus Technology

Industry Segment: Cross-border E-commerce

Profitability: ROE 14.21%, Gross Margin 78.32%, Net Profit Margin 20.91%

Performance Forecast: ROE has continuously increased to 16.66% in the last three years, with the latest forecast average at 17.48%

Main Products: Network information technology services as the primary source of income, accounting for 71.66% of revenue with a gross margin of 78.86%

Company Highlights: Focus Technology's main business includes a full-link foreign trade service integrated platform, cross-border B2B e-commerce, online and offline integrated insurance agency services, and comprehensive services related to various platform businesses.

ROE, Gross Margin, and Net Profit Margin of the top 10 most profitable e-commerce enterprises in the past three years: