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.
