{"id":15501,"date":"2019-05-14T00:00:00","date_gmt":"2019-05-13T16:00:00","guid":{"rendered":"https:\/\/corp.pchome.tw\/en\/pchome-reports-nt9-20-billion-revenue-for-2019-first-quarter-revenue-grows-with-positive-bottom-line-striving-for-open-structure-and-cbt\/"},"modified":"2019-05-14T00:00:00","modified_gmt":"2019-05-13T16:00:00","slug":"pchome-reports-nt9-20-billion-revenue-for-2019-first-quarter-revenue-grows-with-positive-bottom-line-striving-for-open-structure-and-cbt","status":"publish","type":"post","link":"https:\/\/corp.pchome.tw\/en\/pchome-reports-nt9-20-billion-revenue-for-2019-first-quarter-revenue-grows-with-positive-bottom-line-striving-for-open-structure-and-cbt\/","title":{"rendered":"PChome Reports NT$9.20 billion Revenue for 2019 First Quarter Revenue Grows with Positive Bottom Line, Striving for Open Structure and CBT"},"content":{"rendered":"\t\t
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\n\tPChome Reports NT$9.20 billion Revenue for 2019 First Quarter<\/span><\/span><\/strong><\/div>\n
\n\tRevenue Grows with Positive Bottom Line, Striving for Open Structure and CBT<\/span><\/span><\/strong><\/div>\n
\n\t <\/div>\n
\n\tThe largest eCommerce group in Taiwan – PChome Online (8044 TW) today (May 14th) <\/span>announced financial report for 2019 first quarter. Consolidated revenue for 2019 first <\/span>quarter is NT$9.20 billion, growing by 12.3% compared with the same period last year. <\/span>Growth drivers for the quarter mainly are Chinese New Year preparations for home <\/span>electronics and cross-border frozen cuisines. Also, mobile optimization is showing positive <\/span>results with mobile sales maintaining 50% yoy growth. Personal Store, a platform under <\/span>PChome’s subsidiary PChomeStore, starts to generate revenue. Pi Wallet provides more <\/span>diversified payment scenarios and significantly expands channels available for P point, <\/span>further strengthen O2O development of the Group. Consolidated marketing expense <\/span>declined by approximately 50% and successfully turned back to net. Consolidated EPS for <\/span>the quarter is NT$0.42. Both revenue and profitability demonstrate an upstream trend.<\/span><\/div>\n
\n\t <\/div>\n
\n\t“PChome continues to scale up and has come back to profit in the first quarter. Striving to <\/span>build an open and collaborative platform, PChome not only shares internal massive data <\/span>traffic and payment, logistic service with external parties, but also develops O2O <\/span>partnership to buildup comprehensive P point ecosystem.” Chairman of PChome Online, Mr. <\/span>Jan said. “Recent cross-border strategic alliance with Rakuten and eBay to connect members <\/span>and points and to list US products, separately, both provide Taiwan buyers a more<\/span>convenient shopping environment. PChome will, based on Taiwan localized service <\/span>structure, gradually connect with the world, and form an internet service network without <\/span>any boundaries via offline and online integration.”<\/span><\/div>\n
\n\t <\/div>\n
\n\t2019 first quarter operating highlight:<\/span><\/strong><\/div>\n
\n\t– PChome24h continues to connect with more and more strategic partners, including <\/span>the fastest growing cashback network-Shopback, JKo pay, 32 banks, and 6 major <\/span>mobile payments, aggressively strengthen long-term operating advantage to create <\/span>new momentum from mobile shopping and starts work on cross-border items and <\/span>frozen goods as new initiatives.<\/span><\/div>\n
\n\t <\/div>\n
\n\t– Ruten Auction shows significantly growth momentum. There are more than 390 <\/span>million listings on the website, 1.6 times bigger compared with the same period last <\/span>year and has officially became the platform with the largest listings in Taiwan. <\/span>Advertisement revenue from bidding model has surpassed that of display model in <\/span>2019 first quarter. When comparing the two models, revenue growth from bidding <\/span>model is 2.4 times bigger than that of display model.<\/span><\/div>\n
\n\t <\/div>\n
\n\t– PChomeStore Personal Store has converted operating momentum to revenue since <\/span>last November when announcing commission and raised the commission rate to <\/span>1.49% in March. PChomeStore is showing a positive operating profit in April.<\/span><\/div>\n
\n\t <\/div>\n
\n\t– Pi Wallet deepens down on membership ecosystem by building up the environment <\/span>via E.Sun-Pi co-brand card. There are more than 500,000 people using Pi Wallet and <\/span>Pi ecosystem generates millions of transactions every month. Pi Wallet has <\/span>expanded to diversified channels, including department stores, fast food chain <\/span>stores, café shops, bookstores and ect., significantly increase the convenience.<\/span><\/div>\n
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