On April 29, 2026, the blockbuster financial report was released. Cross-border Tong (002640) released its operating announcement for the first quarter of 2026. Its performance ushered in an epic reversal and completely turned losses into profits. This also officially confirmed the arrival of a turning point in the cross-border e-commerce sector.
Judging from the company’s core operating data in the first quarter, the performance is very impressive.
The operating income was 1.290 billion yuan, a year-on-year increase of 2.91%; the net profit attributable to the parent company was 157 million yuan, compared with a loss of 3.8866 million yuan in the same period last year, a year-on-year increase of 4144.80%.
Such an astonishing growth rate is truly astonishing.
There are many core reasons for this substantial performance explosion.
On the one hand, its subsidiary Shenzhen Safu is no longer included in the consolidated statements and has successfully divested its loss-making non-performing assets, allowing the company to get rid of historical baggage.
On the other hand, the company’s main businesses of cross-border export e-commerce, overseas warehousing, and global supply chain businesses have been steadily restored, with remarkable results in cost reduction and efficiency improvement.
Through a series of optimizations and adjustments, the company’s operating quality has been greatly improved, moving from continuous losses to a stable profit channel.
The unexpected reversal in cross-border performance is of great symbolic significance.
It means that the difficulties in cross-border e-commerce, overseas trade, and overseas consumption have been completely cleared.
With industry inventory destocking completed, overseas demand recovering, and policy support for export trade, the sector has ushered in a dual recovery in valuation and performance.
The following is a summary of the top ten core high-quality targets that have solid fundamentals in the cross-border e-commerce industry chain, pure business, and benefit from the recovery of the industry:
- Cross-border Tong (002640): The core target of this surge in performance, as an established cross-border export e-commerce leader, it is deeply involved in European and American overseas online retail and full-category cross-border supply.
After stripping off loss-making assets, the company went into business lightly, and its profit elasticity was directly maximized, which is a weathervane for sector sentiment. - Jihong Co., Ltd. (002803): The leader in cross-border e-commerce in Southeast Asia. It is deeply involved in local e-commerce operations, overseas traffic delivery, and cross-border beauty consumer products overseas.
The overseas layout is mature, the performance is stable, and the low-end cost-effectiveness is outstanding. - Savy Era (301381): The leader in cross-border apparel exports, Amazon’s top seller, and deeply involved in cross-border sales of European and American fashion apparel and home furnishing categories.
The advantages of private label + supply chain are obvious, fully benefiting from the recovery of overseas consumption. - Huakai Yibai (300592): A leader in cross-border e-commerce across categories, with multi-platform deployment in Amazon, AliExpress, and Temu channels.
Refined operations reduce costs and increase efficiency, continue to achieve stable profitability, and have strong risk resistance. - Liaison Interactive (002280): Overseas e-commerce + digital trade targets, deploying cross-border retail, overseas warehousing and logistics, superimposed on AI e-commerce empowerment, valuation is at a historically low level, and there is sufficient potential to make up for growth.
- Xinghui Co., Ltd. (300512): The leader in 3C digital cross-border overseas sales, focusing on overseas online sales of electronic products and household goods.
The supply chain is mature and the industry’s recovery performance is extremely flexible. - Ruo Yuchen (003013): The leader in cross-border brand operations, serving well-known domestic and foreign brands in overseas operations and overseas e-commerce operations.
The asset-light model has high-quality cash flow and stable profits. - Guangbo Shares (002103): A leader in cross-border marketing + e-commerce services, a core enterprise in overseas traffic delivery and cross-border brand promotion, empowering small and medium-sized businesses to go overseas, and benefiting from the overall recovery of the industry.
- Sanzhou Stock (301558): A leader in the full link of cross-border logistics + e-commerce, covering cross-border warehousing, international logistics, and order fulfillment. It is a rigidly needed infrastructure for cross-border e-commerce and will directly benefit from the industry’s increased volume.
- Focus Technology (002315): A leader in B2B cross-border foreign trade, a matchmaking platform for Chinese manufacturing overseas, a core benchmark for domestic foreign trade exports, with solid fundamentals and a long-term ballast stone.
With the outstanding performance of cross-border e-commerce and the overall improvement of the cross-border e-commerce industry, these high-quality targets are expected to show stronger competitiveness and development potential in the future, and deserve the close attention of market investors.
