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1. Company Snapshot

1.a. Company Description

TD Holdings, Inc.engages in commodities trading and supply chain service businesses in the People's Republic of China.The company's commodity trading business engages in purchasing non-ferrous metal products, such as aluminum ingots, copper, silver, and gold from upstream metal and mineral suppliers and then selling to downstream customers.


Its supply chain service business covers a range of commodities, including non-ferrous metals, ferrous metals, coal, metallurgical raw materials, soybean oils, oils, rubber, wood, and various other types of commodities.The company serves as a one-stop commodity supply chain service and digital intelligence supply chain platform integrating upstream and downstream enterprises, warehouses, logistics, information, and futures trading.The company was formerly known as Bat Group, Inc.


and changed its name to TD Holdings, Inc.in March 2020.TD Holdings, Inc.


was incorporated in 2011 and is based in Shenzhen, the People's Republic of China.

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1.b. Last Insights on BYU

Recent developments have negatively impacted BAIYU Holdings, Inc.'s performance. The company faces a Nasdaq delisting appeal, following a determination to delist its securities due to non-compliance with listing rules. This uncertainty has likely weighed on investor sentiment. Additionally, the company's recent announcements, such as the acquisition of a leading energy storage and lithium battery company, and the signing of a $60 million electric lithium battery contract, may have been overshadowed by the delisting concerns. Furthermore, the subsidiary's partnership on 365 charging and battery swap stations projects in Egypt, while a positive development, may not have been enough to offset the negative impact of the delisting appeal.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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BAIYU Holdings Files Nasdaq Delisting Appeal Notice and Advances Recently Announced Projects

Oct -08

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BAIYU Holdings' Subsidiary to Partner on 365 Charging and Battery Swap Stations Projects in Egypt

Sep -04

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BAIYU Secures $60 Million Electric Lithium Battery Contract in the U.S. Market

Aug -29

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BAIYU Enters into Definitive Agreement to Acquire Leading Energy Storage and Lithium Battery Company, Expanding into Renewable Energy Market

Aug -27

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BAIYU Appoints New Independent Director

Jul -17

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BAIYU Completes Acquisition of Controlling Equity Interest in Electra New Energy Vehicle Inc

Jul -09

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BAIYU Enters into Memorandum of Understanding for New Energy Vehicle Projects and International Market Ventures

Jun -26

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BAIYU Holdings First Quarter 2024 Earnings: EPS: US$0.31 (vs US$0.30 in 1Q 2023)

May -12

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.80%)

6. Segments

Commodity Products - Third Parties

Expected Growth: 4.8%

The growth of Commodity Products from third parties is driven by increasing demand for outsourced procurement, rising trend of globalization, and strategic partnerships between BAIYU Holdings, Inc. and external suppliers, enabling efficient logistics and cost savings.

Chain Management Services - Third Parties

Expected Growth: 8.5%

Growing e-commerce demand, increasing complexity in global supply chains, and the need for efficient logistics management are driving the adoption of third-party chain management services, with BAIYU Holdings, Inc. well-positioned to capitalize on this trend.

7. Detailed Products

E-commerce Platform

A comprehensive online shopping platform that enables businesses to sell their products to customers globally.

Digital Payment Solutions

A secure and efficient payment processing system that enables businesses to accept online payments.

Logistics and Supply Chain Management

A comprehensive logistics and supply chain management system that enables businesses to manage their inventory, shipping, and delivery.

Data Analytics and Insights

A data analytics platform that provides businesses with actionable insights to optimize their operations and improve customer engagement.

Digital Marketing Services

A comprehensive digital marketing service that enables businesses to reach their target audience and increase brand awareness.

8. BAIYU Holdings, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for BAIYU Holdings, Inc. is moderate due to the presence of alternative products and services in the market.

Bargaining Power Of Customers

The bargaining power of customers is high due to the availability of alternative products and services, and the ability of customers to switch to competitors.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low due to the company's large scale of operations and its ability to negotiate better prices.

Threat Of New Entrants

The threat of new entrants is moderate due to the presence of barriers to entry, such as high capital requirements and regulatory hurdles.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of several established players in the market, leading to a competitive landscape.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 1.51%
Debt Cost 3.95%
Equity Weight 98.49%
Equity Cost 6.17%
WACC 6.14%
Leverage 1.53%

11. Quality Control: BAIYU Holdings, Inc. passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Altius Minerals

A-Score: 6.0/10

Value: 2.0

Growth: 5.7

Quality: 8.6

Yield: 2.0

Momentum: 8.5

Volatility: 9.0

1-Year Total Return ->

Stock-Card
BAIYU Holdings

A-Score: 5.3/10

Value: 10.0

Growth: 7.2

Quality: 6.1

Yield: 0.0

Momentum: 3.5

Volatility: 4.7

1-Year Total Return ->

Stock-Card
Origin Agritech

A-Score: 4.8/10

Value: 9.2

Growth: 6.4

Quality: 6.4

Yield: 0.0

Momentum: 2.5

Volatility: 4.0

1-Year Total Return ->

Stock-Card
Major Drilling

A-Score: 4.7/10

Value: 3.8

Growth: 6.2

Quality: 5.0

Yield: 0.0

Momentum: 9.0

Volatility: 4.3

1-Year Total Return ->

Stock-Card
Graphex

A-Score: 3.6/10

Value: 8.8

Growth: 3.3

Quality: 4.6

Yield: 0.0

Momentum: 1.5

Volatility: 3.3

1-Year Total Return ->

Stock-Card
Gulf Resources

A-Score: 3.5/10

Value: 9.4

Growth: 2.4

Quality: 3.4

Yield: 0.0

Momentum: 1.5

Volatility: 4.0

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

0.18$

Current Price

0.18$

Potential

-0.00%

Expected Cash-Flows