Gross sales of over $2 million in a single day … China’s “Singles Day”

Jatenergy is very proud to have had the opportunity to participate in Single’s Day sales activities with our local suppliers, our Chinese partners and logistics teams. Jatenergy had gross sales of over $2 million of Australian products including dairy products and health supplements.

“It is great news for our suppliers and distributors”, says Wilton Yao director of Jatenergy. “We thank our local suppliers for their products and participation in the great event.”

Mr Wilton Yao

Our successful participation in “Singles Day” gives confidence for sales in the upcoming Christmas and Chinese New Year period.

Jatenergy has been trading into China for the past 18 months and is continuing to increase its sales quarter by quarter. Wilton Yao sees more business for Australian companies as China welcomes its high- quality products and regards Australian production as safe and clean. “It is important that we market product that is wanted by the Chinese market and we bring product into China through the proper and legal channels. It is the reputation of our Company and our suppliers that is important, with it you gain trust and get more opportunity to sell product”.

Singles day is regarded as the biggest one day sale and within the first five minutes of the sale Alibaba posted over US$1 billion dollars in sales, with a final figure expected to be approximately US$17.6 billion for Alibaba alone. Mr Yao said “It is expected that Alibaba will break another Singles Day sales record this year. Chinese consumers are spending big and continue to regardless.” The Singles Day was invented by students in China as a counter to Valentine’s day. The joke day is now regarded as the target day for Australian manufactures selling into China. Pioneered by Alibaba in 2009 and since replicated by rivals including JD.com, Singles Day has become somewhat of a barometer of Chinese consumer sentiment.

Quarterly sales of just under $2 million

September 2016 quarter FMCG revenue — $1,780,000

Mr Tony Crimmins

Mr Tony Crimmins

“Investors will be pleased to note that sales invoiced for the quarter were just under $2 million due to increased activity in our DAIGOU(*) sector,” Executive Chairman Mr Tony Crimmins said. “JAT continues to seek products and brands that pass Chinese CIQ standards which is paramount in ensuring legal exportation of product to the satisfaction of Chinese regulations.”

The company remains committed to assist all Australia food, cosmetic and nutraceutical producers fair access to the Chinese market. JAT will continue to focus on products that sell well in Australia and adhere to Australian Product Standards.

The company has a number of high line distributors in China seeking Australian product which demand good and safe product for sale to the Chinese consumer.

(*) Daigou (Chinese: 代购 dàigòu also 海外代购 hǎiwài dàigòu) is a channel of commerce in which a Chinese personoverseas purchases luxury goods for a customer in mainland China. The phrase means `buying on behalf of`.

JAT subsidiary in China

The Board of Jatenergy Limited (JAT) are pleased to announce that it is in the process of finalising the setup of Henan JAT Trading Co., Ltd (Henan JAT) located in Henan China.

Henan JAT is a fully owned subsidiary company of Jatenergy Limited and is focused on expanding Jat’s presence in China.

Jat remains committed to the energy market reviewing opportunities in China for energy resources, conversion technologies, energy storage and energy efficiency products. JAT has identified opportunities to generate cash through the use of the Jatenergy name and trademark. This has been applied to a range of newly designed products such as lithium battery storage and LED related products for outdoor/indoor advertising and architectural settings.

JAT adds more products to the export mix

June 2016 quarter FMCG revenue  —  $262,000

Mr Tony Crimmins

Mr Tony Crimmins

Directors are pleased to announce the addition of nuts and dried fruit to the export portfolio. JAT Fast Moving Commodity Goods now include;

  • milk products
  • cosmetics
  • nutraceuticals
  • cereals
  • nuts and dried fruit

“The export business is starting to pick up steam,” Executive Chairman Tony Crimmins said. “We expect to keep adding more products and to ship larger volumes in the near future.”

March Quarter Update

March quarter FMCG revenue — $143,000

During the quarter JAT continued to develop its Fast Moving Commodity Goods range, adding cereals to the product portfolio.

“We’re just getting started,” Executive Chairman Tony Crimmins said. “More products will be added in coming months.”

FMCG sales start to impact JAT’s bottom line

December quarter revenue at $186,000

Shareholders will be pleased to note that, as anticipated, Jatenergy Limited’s (Jat) December quarter 4C shows revenue of $186,000, substantially increased from the September quarter (the first quarter of export trading revenues) of $18,000.

This increase reflects the company’s growing Fast Moving Commodity Consumer Goods sales, specifically the exporting of Australian milk and health products to China.

MOU Signed with Ausline providing access to Alibaba platform to promote Australian products

Fast Moving Commodity Goods (FMCG) Update

Jatenergy signs an MOU with “Ausline Shipping Consultant Pty Ltd” and “Shenzhen Aoniu Investment Co.” to assist in the growing FMCG in China using our conduit to Alibaba and source supply from Australian manufactures.

Continued strong trade results for October and November 2015 for Jatenergy Development Pty Ltd.

Strengthening Trade through Collaboration

Mr Wilton Yao

Mr Wilton Yao

The directors of Jatenergy Limited (“Jatenergy”, “the Company”) are pleased to announce that the Company has entered into an MOU with “Ausline Shipping Consultant Pty Ltd” and its sister Chinese company “Shenzhen Aoniu Investment Co.” (collectively known as “Ausline”) to distribute and market product sourced by Jatenergy and Ausline for sale into China. Ausline brings 10 years of experience in selling products into China, with the knowledge of what is required to bring product to successful sale in China. Ausline adds both the logistics and warehousing ability to Jatenergy’s FMCG value chain. “We can now source Australian and New Zealand product, warehouse in Australia, ship or airfreight to China cheaply, again warehouse in China and sell both on the on-line and off-line markets”, said Wilton Yao director of Jatenergy. “This means we, Jatenergy, can establish a direct line from Australian supplier to Chinese consumer.”

Relationship with Alibaba

The relationship with Ausline have given Jatenergy assess to Alibaba and its on-line trading platform in China. Recent meeting with Alibaba in Sydney confirms that the Chinese market is long term and huge. Jatenergy offers its source suppliers a holistic structure to export and still maintain its domestic market. Through its marketing collaboration with HealthOne and Ausline/Jatenergy can now provide a strategy for Australian manufacturers wanting to maintain their Australian customers whilst trying out the huge Chinese market. Alibaba is the world largest on line platform form B2C and B2B and its growth is continuing at a phenomenal rate as more and more Chinese join the on-line market for product purchase. For example Alibaba recently held a promotion sale called Singles Day on the 11/11/15 sale China Tmall (owned by Alibaba) reached 10b RMB (approx. $AUD2 billion sales within 12 minutes and 28 seconds.

Leung Ling from Alibaba mentioned that “Australian products sell on Alibaba like hot cakes”, also that “Alibaba is better for the smaller niche company that don’t have representation in China. They have the flexibility to sell and promote their product without in-china interference”.

Continued Growth in October November Sales

Mr Tony Crimmins

Mr Tony Crimmins

To keep the market informed Jatenergy has seen a credible growth in October/November 2015 overseas sales to China and will report in January its cash flow position. “The strategy for the company is trading Australian products in China and building collaboration amongst liked minded business” Tony Crimmins CEO Jatenergy, “we continue to find partners that can add real value to the company and the results will be forthcoming showing that we have moved toward a solid business.”

About Ausline

Ausline has been operating since 2011 with the CEO Cindy Wang having over 15 years’ experience in the trading, marketing and logistics of product from Australia and New Zealand to many global destinations. The company has built a high standard in service to Australian manufacturers that are wanting to export product without having to be concerned about marketing, logistic and repatriation of cash. Ausline has an agreement to endorse Alibaba as an internet platform to promote Australian products to gain the attention of the Chinese consumer.