Zhongchuang Logistics (603967) New Shares Purchase

Zhongchuang Logistics (603967) New Shares Purchase

Zhongchuang Logistics (603967) New Shares Purchase

Company profile: The company is mainly engaged in comprehensive modern logistics business, and provides one-stop cross-border integrated logistics services for import and export trade participants based on a variety of goods trade such as domestic coastal port containers and dry bulk cargo.

The company’s shareholders are Zhongchuang United, which holds 70% of the shares before the company issuance; the actual controllers are Li Songqing, Ge Yanhua, Xie Lijun, which collectively control the company before the issuance of 86.

68% stake.

The current status of the industry and the continued economic growth are driving the rigid demand for logistics.

On January 11, 2018, the national social logistics integration was 257.

90 trillion yuan, an increase of 6 per year at comparable prices.


Although the scale of social logistics in China is slowing down, the overall logistics industry is still in an upward phase.

With the increase in the total amount of social logistics, the total long-term social logistics costs (including transportation costs, storage costs and management costs) have also increased rapidly.

From 2010 to 2017, the compound annual growth rate of total social logistics costs in developing countries reached 7.

91%, the demand of developing countries’ logistics industry is still very strong.

In terms of specific structure, compared with the mature market, the internal transportation industry still has room for transmission in the control of alternative costs such as storage and management and the improvement of logistics efficiency.

The overall market concentration index has room for breakthrough development and integration in the future.

The overall overall market concentration of the domestic logistics industry is the lowest.

Take the freight forwarding industry as an example. In 2016, the top ten freight forwarders accounted for only 15% of the market in the whole year, far exceeding the 43% market share of the top ten global freight forwarders.

However, the freight forwarding market is still fragmented and there is a clear “long tail effect”. Except for industry leaders, a large number of small and medium-sized international freight forwarding companies still have a small operating income scale, weak competitiveness, and lack obvious advantages.

It is expected that the logistics industry will continue to develop gradually, and there is room for integration in the industry, and the concentration will gradually increase.

Company highlights: The company’s revenue scale and market share rank among the top in the industry.

The company is one of the earliest international shipping agents, first-class freight forwarders and import / export NVOCCs that have obtained national operating licenses.

Through the 苏州夜网论坛 long-term development of shipping agents and freight forwarders, we have accumulated rich business and management experience, and cultivated a large number of industry-experienced, high-level joint and backbone talent teams.

The company is currently a China 5A-level logistics company certified by the China Federation of Logistics and Purchasing, and has been shortlisted among the top 100 Chinese logistics companies and national advanced logistics companies selected by the China Transportation Association for successive years.

Since 2011, the company has further improved the composition of each business system on the basis of the five major business sector systems that have gradually taken shape. It has established port subsidiaries in major ports in North China and is equipped with a professional management and business 杭州桑拿网 operation team.Expanded the market scope and formed a complete North China business system and network.

Raise investment project 1, it is planned to use raised funds 2.

US $ 5.3 billion for the purchase of a coastal transport distribution and distribution ship.

2. It is planned to use 2,000,000 raised funds for bulk carrier purchase projects.

3. Proposed use of raised funds

US $ 2.2 billion for cross-border e-commerce logistics distribution center projects.

4. It is planned to use raised funds.

5.1 billion yuan for logistics information construction projects.

V. Proposed use of raised funds

9.3 billion yuan for the purchase of large-scale transportation equipment.

The main potential risks are the risks of global economic fluctuations.

The increase in domestic trade and international trade volume will increase social demand for the logistics industry and promote the development of the logistics industry.

For a long time, although the macro economy has shown stable medium-to-high-speed growth, which has also relatively stimulated the development of the logistics industry, since the financial crisis in 2008, the political and economic conditions of countries around the world have been distorted, and international trade has grown slowly.Has a certain impact on the international transportation industry.

Therefore, we cannot rule out the possibility of future global economic recession and international trade substitution due to geopolitics, international conflicts, and financial risks.

If there is a long-term decline in the world economy in the future, it will lead to a decline in international trade volume, and boots will affect the company’s business.

Risk of intensified market competition.

After joining the WTO, the foreign trade volume of developing countries has shown rapid growth, which has stimulated the development of the expected logistics industry.After the high-level deregulation of the logistics industry, international first-class logistics companies have entered the Chinese market, and at the same time, they are committed to expanding their capital and international logistics experience accumulated over the years to form a certain competitiveness.

In addition, with the development of China’s economy and logistics industry, more conventional and private enterprises and capital will enter the logistics industry in the future.

The entry of domestic and foreign logistics companies and capital will greatly intensify competition in the logistics industry.

It is estimated that the industry in which the issuer is located is the loading, unloading, and other transportation agency industry. As of March 22, 2019, the average static market surplus of the latest month released by the CSI has been substituted.

12 times.

Based on the current market conditions, it is expected that the initial pressure of listing will be 35 yuan to 40 yuan.

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