Since the private express delivery companies collectively went public in 2016 and the capital markets gathered in the "Dragon Ball", the upstream and downstream enterprises in the logistics chain industry began to become active in the capital market.
At the beginning of December 2017, the initial application of Chi-Lai Technology Co., Ltd., a subsidiary of Feng-Fung, which was acquired by SF Group, was approved. According to the website of China Securities Regulatory Commission, Daily Economic News reporter said that except IPO application of Guangdong Tianyuan Group was just applied on January 17, 2018 Otherwise, there are a number of logistics service enterprises like Jiayou International Logistics, Zhongchuang Logistics, Guangdong Hongchuan Smart Logistics and Hangzhou Railway Freight Forwarding waiting to get through. Does this mean that the listing of logistics industry chains has come?
Yang Daqing, a special researcher at China Society of Logistics, told reporters in the Daily Economic News that after large-scale large-scale logistics enterprises such as SF Express and Yuantong are listed on the market and formed the ecological cornerstone and profit channel of the logistics market, they will give related businesses to the logistics industry chain Provide endorsement of value and profit diversion, or will bring a wave of peak listing.But consistent business CEO, Express logistics expert Zhao believes that most companies listed or more difficult.
Logistics upstream and downstream business listing coming tide?
'Upstream and downstream logistics companies in the recent activity in the capital market is indeed much higher than usual.' An industry in an interview with the 'Daily Economic News' said that the active business to a large extent with the express logistics industry Rapid development related.
However, judging from the current disclosure, the number of enterprises that have passed the meeting is still relatively small, and most are still in a stage of queuing up, and even a small number of enterprises have been rejected. The above-mentioned people in the trade believe that whether the upstream and downstream logistics enterprises can negotiate with the express delivery enterprises Focused on the heat of listing is not associated, mainly depends on their own competitiveness.
However, the industry also said that some upstream and downstream businesses do not rule out the success of the market because of the courier giant express delivery, 'In fact, the current courier companies in the logistics end of this piece is still burning money, very few can be done And output is a direct ratio, such as the production of express delivery companies such as listing, not necessarily because of how well the business has done, more because there are currently a large number of express delivery giant into this area, making these upstream and downstream enterprises Good-looking book, too will be relatively easy to '.
In Zhao Xiaomin's opinion, both express delivery companies and upstream and downstream logistics companies are the best times to go public in the first half of 2017 because of the high listing premium at that time, and the difficulty and cost of going public after the wave of welfare benefits will all be raised. The phenomenon of listing is difficult to reproduce.
Listing alone is not the best path to development
Reporters rough statistics found that at present, including express delivery, warehouses and cold chain and other main business and logistics related to listed companies has reached more than 30. With the concept of 'smart logistics' put forward and fiery, the future will have what areas Upstream and downstream businesses may be listed?
Yang Daqing believes that mainstream large-scale logistics enterprises are the main channels of profits. There are rivers and streams in rivers and streams. Intelligent equipment and technology enterprises like logistics and supply chain markets and related IoT enterprises will also gain capital market favor in the new logistics competition.
However, Zhao Xiaomin said that the wisdom of the logistics of corporate capitalization and technical capacity requirements are too high, at present there are not a few companies can do, so the upstream and downstream enterprises involved are relatively small.
Zhao Xiaomin also believes that for most of the upstream and downstream enterprises, separate listing is not the best path for business, the best way is still 'grafting' of the market, in simple terms, is to be acquired.
Similar views have also been recognized by other parts of the industry.'With the courier business courier business continues to expand outward to build the ecosystem is one of the courier giant's goal.Only to provide only a part of the upstream and downstream services company, Neither the right to speak nor the pricing power, such enterprises want to rely on their own strength to survive more difficult, so the best way is to have relations with the giants. "The insiders said.
In fact, for the delivery giant, delivery courier has long been unable to meet their ambitions, the future expansion of the upstream and downstream has become the inevitable trend of their development.In practice, there have been many moves, such as SF To expand the e-commerce SF Express and terminal smart courier Fengchao, and provide the entire industry chain 'special cargo, leased line, special transport' service; Shentong set up Shen Xue Supply Chain Management Co., Ltd., and third-party Mall cooperation, focusing on third parties Cold chain warehouse + distribution services.
'In an area where you still need to burn money, there is no capital advantage for upstream and downstream logistics companies, and these companies are likely to have a greater chance of development when compared with express delivery giants or industry leaders,' says Zhao Xiaomin.