{"id":16070,"date":"2021-02-25T12:00:06","date_gmt":"2021-02-25T04:00:06","guid":{"rendered":"https:\/\/corp.pchome.tw\/en\/?p=16070"},"modified":"2021-08-04T15:46:28","modified_gmt":"2021-08-04T07:46:28","slug":"pchome-online-reports-fourth-quarter-2020-results-2","status":"publish","type":"post","link":"https:\/\/corp.pchome.tw\/en\/pchome-online-reports-fourth-quarter-2020-results-2\/","title":{"rendered":"PChome Online Reports Fourth Quarter 2020 Results"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"16070\" class=\"elementor elementor-16070\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-183c217a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"183c217a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6dd72d50\" data-id=\"6dd72d50\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-459e3981 elementor-widget elementor-widget-text-editor\" data-id=\"459e3981\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t\t<p>PChome Online today announced its financial results for the fourth quarter ended December 31, 2020.<\/p><p>We provided the consolidated financial statement and standalone financial statement as follows. The standalone financial statement reflected a clearer outline of B2C.\u00a0\u00a0<\/p><p><strong>Full Year 2020 Financial Highlights:<\/strong><\/p><ul><li>The consolidated revenue was NT$43,870 million in 2020, up 12.8% YoY, driven mainly by the strong B2C sales (up 14.8% YoY), thanks to the continuous online\/offline shift in Taiwan\u2019s retail consumption.\u00a0<\/li><li>Gross margin decreased from 11.8% to 11.4%, despite a slight improvement in B2C gross margin (12.0% in 2020 vs 11.9% in 2019) on scaling effect. This was mainly due to the continued investment and associated cost in the payment business and the P point ecosystem.<\/li><li>EBITDA grew 4.9% to NT$1,058 million in 2020, whereas the flagship B2C segment\u2019s EBITDA delivered a healthy growth of 13.7% and achieved NT$1,206 million. The marketplace segment also saw a recovery in EBITDA, presenting a 5.9% growth in 2020.\u00a0 The investment in fast growing businesses such as payment and cross border e-commerce resulted in a negative EBITDA of NT$275 million for this new segment in 2020.\u00a0<\/li><li>Net income attributed to shareholders and EPS grew by 56.2% to NT$253 million and NT$2.16, respectively.<\/li><\/ul><p><strong>Fourth Quarter 2020 Financial Highlights:<\/strong><\/p><ul><li>The consolidated revenue grew 10.4% YoY in 4Q 2020, a slight rebound from 9.0% YoY in 3Q 2020.\u00a0 The slower second half also reflected the government\u2019s consumption vouchers to support the offline retail since July 2020.<\/li><li>3C categories accounted for 75% of total B2C sales in 4Q 2020 vs. 72% in 3Q 2020 or 73% in 4Q 2019, due mainly to new 3C products launch and strong home appliances sales in the quarter.\u00a0<\/li><li>B2C gross margin improved to 11.5% in 4Q 2020 from 10.9% in 4Q 2019, reflecting positive product mix shift towards higher margin categories such as home appliances.\u00a0<\/li><li>Thanks to the scale benefit, B2C\u2019s EBIT increased by 74.5% YoY in 4Q 2020, with an improved EBIT margin at 1.4% vs. 0.9% in the same period last year.<\/li><li>The higher effective tax rate at 71% in 4Q 2020 was a result of expanding pretax losses at subsidiaries, which cannot be tax deducted at parent company level.<\/li><\/ul><p><strong>BUs\u2019 Business\u00a0<\/strong><strong>Highlights:<\/strong><\/p><ul><li>Marketplace<ul><li>Ruten launched marketing solutions for merchants to stimulate consumption in the fourth quarter 2020.<\/li><li>Pi collaborated with KGI Bank to provide financing solutions for Ruten\u2019s merchants with a simplified evaluation process through merchants\u2019 sales record.<\/li><\/ul><\/li><li>Payment<ul><li>Pi Wallet total payment volume grew by 110% YoY.<\/li><li>Pi reached a milestone of over a million users in 2020.<\/li><\/ul><\/li><li>Others<ul><li>In the fourth quarter 2020, the group&#8217;s selected apparel platform \u201cMitch\u201d opened an offline store at Taipei Nan Shan Plaza to further expand its customer base.<\/li><li>The group\u2019s cross-border ecommerce platform \u201cBibian\u201d achieved rapid growth by accelerated demand for cross-border transactions under Covid-19 pandemic.<\/li><li>Bibian also collaborated with SGH Global Japan, one of the largest forwarders in Japan, to provide customers a better cross-border shopping experience.<\/li><\/ul><\/li><\/ul><p>For more financial details, please visit Market Observation Post System.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>PChome Online today announced its financial results for &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/corp.pchome.tw\/en\/pchome-online-reports-fourth-quarter-2020-results-2\/\"> <span class=\"screen-reader-text\">PChome Online Reports Fourth Quarter 2020 Results<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":11,"featured_media":12005,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[37,9,1],"tags":[],"post_folder":[],"_links":{"self":[{"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/posts\/16070"}],"collection":[{"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/comments?post=16070"}],"version-history":[{"count":11,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/posts\/16070\/revisions"}],"predecessor-version":[{"id":17777,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/posts\/16070\/revisions\/17777"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/media\/12005"}],"wp:attachment":[{"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/media?parent=16070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/categories?post=16070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/tags?post=16070"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/post_folder?post=16070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}