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Tag: TD Holdings Inc

  • TD Holdings Inc. (GLG) stock Soars Up After Hours Following Fiscal 2021 Results

    On March 16, TD Holdings Inc. (GLG) declared its financial results for fiscal 2021 which ended on December 31, 2021. Consequent to the beat earnings report, the stock soared high in the after-hours session.

    Source: esquareinfo

    It seems investors were looking forward to the earnings with much enthusiasm as the stock traded in the green during the regular session. The positive anticipation caused the stock to trade at a heavy volume of 18.71 million shares which was 1,747% of the average. GLG closed the session at $0.2373, gaining a good 18.65% or $0.0373 per share. Following the announcement, the stock’s bullish momentum reached full potential as it increased by a huge 77.41%. Hence, the stock was trading at $0.4210 per share in the after-hours on Wednesday. The volume of the shares exchanged was 17.96 million in the after hours.

    The China-based holding company, TD Holdings Inc. trades commodities along with its supply chain business. Currently, the company has a market capitalization of $27.63 million with 138.17 million outstanding shares. Standing at a year-to-date loss of 42.83%, GLG subtracted a huge 89.31% last year.

    GLG’s 2021 Earnings Report

    The company reported commodities trading business revenue of $201.13 million for fiscal 2021. The 2021 revenue included $197.95 million from sales of commodities products and $3.18 million from supply chain management services. Comparatively, the year-ago revenue was $28.27 million, thus marking an increase of 612% YOY.

    Moreover, GLG incurred a net loss of $0.94 million from continuing operations in fiscal 2021, with $0.05 on a per share basis. This compares to $2.40 million or $0.05 per share in fiscal 2020. Additionally, the net loss for fiscal 2021 was $0.94 million against $4.95 million for the previous year.

    Furthermore, the company ended the year with cash and cash equivalents of $4.31 million, against $2.70 million the prior year.

    Nasdaq’s Extension Notice

    On March 02, the company announced receiving an extension of additional 180 calendar days for regaining compliance from Nasdaq. The company was notified through a written notification from Nasdaq on March 01 regarding the extension. Therefore, GLG now has until August 29, 2022, to regain compliance with Nasdaq’s minimum bid price requirement. For regaining compliance, the company needs to maintain a bid price of $1.00 or above for 10 consecutive days before the end of the given period.

    Previously, the company was notified of its non-compliance in September 2021 and was given till February 28 to regain compliance.

  • TD Holdings, Inc. (GLG) Stock Escalating in Aftermarket. Here’s What Happened

    TD Holdings, Inc. (GLG) is a commodity trading company engaged in providing supply chain services. The company acquires non-ferrous metallic products from the dealers to sell them to its consumers. The company’s digital intelligence supply chain portfolio integrates the enterprises with other business communities.

    The price of GLG stock during the regular trading on February 3, 2022, with a 5.17% incline was $0.3. At last check in the aftermarket, the stock further jumped by 16.3%.

    GLG: Events and Happenings

    On January 24, 2022, GLG updated about the receipt of one of the Top 30 Industrial Internet Listed Chinese Companies 2021 awards. The company was given this prestigious award at the Industrial Internet CEO Sanya Summit and Venture Capital Carnival. CEO of GLG, Renmei Ouyang was bestowed by the 2021 Outstanding CEO of China Industrial Internet award at the Event.

    On December 22, 2021, GLG was informed about its entry into a strategic collaboration framework contract with Shanghai Eagsen Intelligent Technology Company. Both the companies agreed to co-develop the intelligent automobile platform and online cloud warehouse business strategy.

    On December 1, 2021, TD Holdings, Inc. and its subsidiary signed the non-binding letter of intent with Shenzhen Meifu Capital Management Company. Both the companies agreed upon launching a special fund with RMB300 million to speed up the online cloud warehouse development. On November 24, 2021, GLG updated about its entry into a non-binding letter of intent with Shenzhen Tongdow Internet Technology Company for an online to offline e-commerce-based commodities business portfolio.

    GLG: Key Financials

    On November 15, 2021, GLG released its financial results for the third quarter ended September 30, 2021. Some of the highlights are as follows.

    Revenue

    Revenue in Q3 2021 was $54.77 million compared to $6.87 million in the same period of 2020. An increase of 697% was recorded in the revenue over the period of the year.

    EPS

    Basic and diluted net income per share in Q3 2021 was $0.46 million or nil versus $0.55 million or $0.01 in the same period in 2020.

    Conclusion

    GLG stock’s price performance dipped 88% in the past year and 59% in the last three months due to economic stagnation as a result of pandemics. The company’s stock gained momentum in Thursday’s aftermarket despite no recent news by the company.

  • TD Holdings Inc. (GLG) stock Rises After Hours. Here’s what happened?

    On January 24, TD Holdings Inc. (GLG) announced being awarded as one of the 2021 Top 30 Industrial Internet Companies in China. Consequently, the stock became bullish in the after-hours.

    In the regular session, GLG stock traded in the red with a big loss of 11.02%. The stock closed the session at $0.2382 with 1.13 million shares exchanging. Following the announcement, GLG increased by 13.35% at $0.2700 in the after hours.

    The commodities trading and supply chain service business holding company, TD Holdings Inc. was founded in 2011. Currently, the company has a market capitalization of $36.99 million with its 138.17 million shares outstanding. Further, GLG stock stands at a year-to-date loss of 42.62% while it went down by 89.60% last year.

    Recent News

    As per Monday’s announcement, the company participated in the Industrial Internet CEO Sanya Summit and Venture Capital Carnival. During the event, GLG’s CEO, Ms. Renmei Ouyang was awarded the 2021 Outstanding CEO of China Industrial Internet. Subsequently, the company received the award of 2021 Top 30 Industrial Internet Listed Companies in China.

    Moreover, B2B Internal Reference, Industrial Internet Vision, and Industrial Internet Eagle Association co-sponsored the event. Additionally, the event was supported by Zhima Credit of Ant Group, which is also called Sesame Credit.

    Strategic Alliance with Shanghai Eagsen

    On December 22, the company announced a strategic framework agreement with Shanghai Eagsen Intelligent Technology Co., Ltd. Eagsen is a leading company that engages in the research and development of automotive information and intelligence.

    According to the agreement, both the parties will co-develop the intelligent automobile systems and digital cloud warehouse business. In addition, the parties also plan on expanding their cooperation with a definitive agreement in the future.

    Digital Cloud Warehouse Development

    Previously, for the development of the digital cloud warehouse, GLG, and its subsidiary, Shenzen Baiyu Jucheng Data Technology Co., Ltd. (BJDT) launched an RMB300 million special fund. The company and BJDT had entered into a non-binding letter of intent with Shenzen Meifu Capital Management Co., Ltd. for the fund.

    GLG’s Financials

    The company declared its Q3 2021 financial results on November 15, 2021.

    In the third quarter of 2021, the company had revenue of $54.77 million, against $6.87 million in Q3 of 2020. Thus, showing a huge increase of 697% year over year.

    GLG had a net income of $0.46 million (none per share) in Q3 of 2021, against $0.55 ($0.01 per share) in Q3 of 2020.

  • Why Does The GLG Stock Rise Premarket?

    Why Does The GLG Stock Rise Premarket?

    Shares of commodities trading service provider in China, TD Holdings Inc. (GLG) gained 18.98% to trade at $0.966 in premarket trading at the time of writing. In Thursday’s session, TD Holdings shares gained 0.12 percent to close at $0.81. Within the past 50 days, GLG stock volume has remained at 0.12 million shares, which is lower than volume of 0.81 million shares traded on the day.

    In the last week, GLG shares have declined by -2.88%, dropping by -69.59% over the last 12 months. GLG shares have dropped by 42.82% over the past three months, while they have dropped by 58.58% over the previous six months. GLG is currently valued at $73.74 million and its outstanding shares were 93.21 million. GLG stock rose after the company signed letters of intent (LOIs) to acquire two companies.

    What is GLG acquiring?

    As a provider of commodities trading and supply chain services, TD Holdings operates in China. In its commodities business, GLG buys non-ferrous metal products from upstream suppliers of metals and minerals and sells them to downstream customers. As a supply chain service business, GLG serves primarily as a one-stop resource for commodity trading, warehouse logistics, information, and digital intelligence in upstream and downstream markets.

    TD TD Holdings has entered into a non-binding LOI with Guangdong Jinbochuang Special Purpose Vehicle Co., Ltd. (“Jinbochuang”) and Hunan Jinmeike New Material Co., Ltd. (“Jinmeike”) and their shareholders, announced the company in a press release today.

    • GLG has signed LOI to purchase both Jinbochuang and Jinmeike for entering the unmanned logistics and new energy vehicle industries.
    • According to the agreement, GLG will acquire 100% of the ownership interest in Jinbochuang and Jinmeike in exchange for its common stock.
    • As a result of the due diligence required by the Company and the parties’ negotiation, the Company determines how many GLG shares to exchange for the acquisition.
    • Assuming satisfactory due diligence and a definitive agreement can be reached, GLG management expects to complete the acquisition within 180 days after signing the LOI.
    • Each participant has the option of unilaterally terminating the LOI.
    • The GLG will disclose necessary information either through SEC filings or press releases as the transaction proceeds.
    • A definitive share exchange agreement needs to be negotiated and executed, along with satisfaction of all conditions negotiated in it, before the deal can close.
    • Among the formalities necessary for the transaction to close are also approval by the GLG Board of Directors and Nasdaq of the listing of the shares issued to execute he transaction.

    How will the acquisitions be handled by GLG?

    Providing the transactions complete successfully, the GLG chain of global operations will support lightweight new materials, applications and lightweight trucks. As a result of leveraging Jinmeike’s expertise in unmanned logistics as well as Jinbochuang’s knowledge of the new energy vehicle industry, TD Holdings (GLG) will be able to maximize its business and operational effectiveness.