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Evergreen Haosa 300 million years bonus! SHEIN refuses to "pay back"?

author:AMZ123 Cross-border navigation
Evergreen Haosa 300 million years bonus! SHEIN refuses to "pay back"?

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It is a good time for spring and March, which is a good time for the vigorous recovery of all things, but the recent spring cold of the epidemic has made many cross-border people return to the cold winter, the threat of outages, supply chain disorders and other problems have followed, and even orders have fallen into "spring sleep".

At a time when sellers are deeply disturbed by logistics difficulties, the relevant rescue operations are currently being carried out in an orderly manner, but it is foreseeable that there will be certain delivery delays for the goods carried.

Although the Evergreen freighter has run aground accident again after a year, Evergreen has recently made a move that has shaken the cross-border circle even more: following the 40-month year-end bonus, it has issued a 10-month "mid-year bonus"!

Funashi Fancy Inner Roll, Evergreen Haosa 10 Months Mid-Year Bonus!

In 2021, the shipping industry is very hot, and the performance of countless shipping companies has achieved explosive growth, which can be described as making a lot of money. Among them, Evergreen Shipping achieved revenue of about NT$489.41 billion in 2021, an increase of 136% year-on-year; net profit attributable to the owners of the parent company was about NT$239.01 billion, an increase of 881% year-on-year.

In the case of a nearly nine-fold surge in net profit, Evergreen's year-end bonus distribution is even more brushed across the entire cross-border circle, directly sprinkling 40 months of salary, making a number of cross-border people envious.

Evergreen Haosa 300 million years bonus! SHEIN refuses to "pay back"?

However, now that nearly a quarter of 2022 has passed, Evergreen recently announced the introduction of a new reward mechanism.

A few days ago, Evergreen convened the board of directors, in addition to passing a series of financial report proposals, but also adjusted the employee compensation incentive policy. It is reported that in 2022, Evergreen will issue NT$1.303 billion in employee compensation for the first time, which is about RMB290 million.

AMZ123 learned that in 2022, Evergreen Shipping is still continuing last year's glory. According to its latest performance report, the consolidated revenue in January reached NT$56.841 billion (about 13 billion yuan), once again rewriting the record for the highest monthly revenue, and the revenue stood at the 50 billion yuan mark for four consecutive months.

Evergreen Haosa 300 million years bonus! SHEIN refuses to "pay back"?

The overwhelming revenue growth and high profits have also become the basis for Evergreen to be so "arrogant". Of course, Evergreen's main revenue power point comes from Chinese mainland, and it can be said that its brilliant performance is inseparable from the contributions of many cross-border sellers.

According to industry analysis, this year's container shipping market is still hot, and freight rates will continue to remain high. Compared with the crazy involution of the year-end bonus of the shipping company, the rising freight rate of the ship is undoubtedly another knife in the seller's already thin profits.

Shipping giants are currently in the limelight, but the former cross-border giants have recently been embroiled in litigation storms.

Cross-Border Connect sued SHEIN and still owes tens of millions of Patoson acquisition fees!

AMZ123 learned that Cross-Border Connect recently issued a major litigation, arbitration and progress announcement. As of the announcement disclosure date, Cross-border Connect and its subsidiaries have accumulated 20 new lawsuits and arbitrations, involving a total amount of 20,400 yuan, accounting for 19.94% of the company's latest audited net assets.

Evergreen Haosa 300 million years bonus! SHEIN refuses to "pay back"?

▲The picture comes from the cross-border pass announcement

The announcement shows,

Evergreen Haosa 300 million years bonus! SHEIN refuses to "pay back"?

On April 7, 2017, Cross-Border Connect signed an equity transfer and capital increase agreement with SHEIN and other companies, stipulating that its proportion of the equity transferred by Patuoson was 4.6782%, and the equity transfer price should be paid 94.5 million yuan.

However, up to now, most of the transferees have paid the transfer payment one after another, and SHEIN still owes 12.1153 million yuan in the equity transfer price of cross-border communication, and repeated reminders have still been prevaricated and refused to pay for various reasons.

In addition to SHEIN, another company, Yiwei Yihang, also reversed the acquisition of Patoson.

However, Yiwei Yihang still owes 41.3598 million yuan in the transfer payment, and has filed a lawsuit with the court to terminate the Patoson equity transfer and capital increase agreement signed with Cross-border Connect on April 7, 2021.

Earlier last month, in response to the Shenzhen Stock Exchange's letter of concern, Cross-Border Connect mentioned litigation disputes over SHEIN and other companies, and a number of financiers expressed remorse for the acquisition of Patoson, and now that a month has passed, the two sides have not yet reached a settlement.

Evergreen Haosa 300 million years bonus! SHEIN refuses to "pay back"?

At the beginning of 2021, the news that Cross-Border Connect will sell 100% of Patoson's shares shook the cross-border circle, and the reason behind it was mainly because of the large loss of performance and the inability to solve the problem of capital demand, which forced Cross-Border Communication to make a choice to survive with a broken arm.

However, with the passage of time, the sale of Patoson has been blocked, the "sky-high redemption fee" has not been paid in full, and the cross-border pass has not been able to turn a loss into a profit, and it has lost the important arm of Global Tesco after the transfer of Patoson, and the future development can be described as a way forward.

Today, in addition to acquisition disputes with companies such as SHEIN, Cross-Border Connect is also mired in a number of lawsuits and debts. In this regard, Cross-Border Connect said that the litigation and arbitration of this announcement will have an impact of about 200 million yuan on the company's profit in 2021, and the impact on the profit after the period cannot be determined.