Alibaba network will hold 379179681 shares of the company, accounting for 12% of the companys total shares. Alibaba network, Alibaba venture capital and rookie supply chain are all enterprises within Alibaba group, acting in concert. They hold 710815344 shares of the company, accounting for 22.50% of the total shares of the company.
On August 21, Reuters quoted people familiar with the matter as saying that Alibaba was in talks with the founder of Yuantong express, hoping to increase its stake in Yuantong express and become its largest shareholder. The media confirmed to both sides that Alibaba denied the above news, while Yuantong said it would not respond.
In addition, Yuantong will raise no more than 4.5 billion yuan through non-public offering. After deducting the issuance expenses, the net amount of funds raised will be used for the construction of multi-functional network hub center, the improvement of transportation capacity network, the improvement of information system and data capacity, and the supplement of working capital.
The 40 billion yuan of express delivery industry breaks down: the capital accelerates to copy the bottom, and the giant returns blood to block new forces?
New Beijing News shell financial reporter Cheng Zijiao intern Cui Xinyi editor Wang Jinyu proofread Liu Baoqing
In the middle of July, as usual, the courier Xiaoyang (pseudonym) arrived at the outlets for the afternoon meeting.
The boss stressed that in the future, the express delivery of polar rabbit will be directly treated as a problem piece, which makes Xiaoyang puzzled, but what is the express of polar rabbit? I havent heard of it before.
From the trough in February to the rebound in March, the business revenue of head express companies has gradually returned to normal. Network transmission rabbit express encountered a ban, seems to have become the crisis in the express company climbing fight upgrade a miniature.
Recently, the State Post Office released statistical data, from January to July, the business volume of national express service enterprises reached 40.82 billion pieces, with a year-on-year increase of 23.7%, exceeding that of the whole year of 2017; the total business income reached 454.71 billion yuan, with a year-on-year growth of 13.5%.
After experiencing the pain of the beginning of the new year, the express delivery industry recovered rapidly. The volume of express delivery business fell to a low point in February, rebounded in March, and then maintained an upward trend. After June, it began to flatten.
Although the business volume recovered early, the operation of express delivery companies was affected for a longer time by the impact of the new crown epidemic. According to the first quarter report data of head express companies, the operating revenue and net profit of each express company generally declined year on year from January to March.
Among the A-share listed express companies, Shentongs net profit in the first quarter was only 58.3613 million yuan, with the most obvious decline in the degree of happiness. Compared with 405 million yuan in the same period of last year, it decreased by 85.60%. Its operating income was 3.573 billion yuan, which also decreased by 20.72% year on year. Previously, Shentong has explained that affected by the epidemic situation, the company has implemented a face-to-face rebate policy and transit preferential policy, resulting in a year-on-year decrease in revenue and net profit in the first quarter.
Baishis revenue in the first quarter was 5.466 billion yuan, a year-on-year decrease of 20.5%. The company said the decline was mainly due to the impact of Xinguan epidemic on its operation and the impact of the governments temporary reduction of highway tolls on its customers.
But at the same time, SF achieved a rare increase in revenue in the industry in the first quarter, as high as 33.541 billion yuan, up 39.59% year-on-year; net profit was 907 million yuan, a year-on-year decrease of 28.16%. From January to July 2020, SF continued to achieve a year-on-year growth in revenue. Except February, the revenue in other months exceeded 10 billion yuan.
The State Post Office pointed out that a large number of fresh vegetables and fruits were listed in July, and the full supply, strong demand and expansion and upgrading of agricultural products delivery scheme were the important sources for the growth of express delivery business in the whole industry. It is estimated that the online retail sales supported by express services will exceed 850 billion yuan, an increase of more than 240 billion yuan year-on-year.
Galaxy Securities research shows that the e-commerce boom will maintain a stable growth trend, and the express industry will still enjoy this dividend. Driven by new factors such as live delivery with goods, e-commerce poverty alleviation, cross-border shopping and other new factors, the express industry will still maintain a high growth rate in 2020.
Zhongtong: market share exceeds 20%
At present, Zhongtong and Baishi, the two companies that have disclosed the second quarters financial reports, both achieved a year-on-year increase in net profit in the second quarter, with the net profit of Zhongtong reaching 1.454 billion yuan, up 6.5% year-on-year, and Baishis net profit of 11.24 million yuan, with a year-on-year increase of 73.3%. In the second quarter, Zhongtongs business income was 6.402 billion yuan, up 18.0% year-on-year; Baishis business income was 8.418 billion yuan, a year-on-year decrease of 4.2%.
Zhongtong and Baishi are the only two listed companies in the United States among the domestic head express companies. This year, Zhongtong and Baishi have been rumored to return to Hong Kong for secondary listing.
Price war pushes forward M & a wave and new forces are blocked
In July, Shunfeng logistics business revenue was 11.367 billion yuan, an increase of 36.25%; Yuantongs express product revenue in July was 2.298 billion yuan, with a year-on-year growth of 6.06%; Yundas express service business income in July was 2.550 billion yuan, a year-on-year decrease of 7.88%; Shentongs July express service revenue was 1.667 billion yuan, a year-on-year decrease of 6.31%.
In view of the reasons for the decline, the response of express companies is that the resource cost and revenue of single ticket are further reduced. In fact, the price war that has been delayed for many years in the express industry has never stopped. At present, the single ticket income of express delivery is close to 2 yuan. After excluding the cross-border business income, some single ticket income is close to 1 yuan.
Zhao Xiaomin said that in addition to capital expenditure, a very important reason for low single income is price war, because some enterprises still hope to use price war to leverage the growth of their own business, and are not willing or have no greater initiative to expand their boundaries and increase investment. Therefore, from the perspective of price war, we expect to maintain it for at least one year Time.
He said that with the advance of the price war, there will be more cooperation between upstream and downstream enterprises in the future, including mergers and acquisitions and integration. The situation of standing on thigh will also appear.
In fact, the giants recent actions continue, in August, the two head Internet companies Ali, Jingdong respectively launched the acquisition of logistics enterprises. Ali wholly acquired Xinyi technology, which was taken over by rookie. According to the companys information, Xinyi technologys shareholders have been replaced by Alibaba and newbird network, and the chairman of the board is Wang Wenbin, CTO of newbird network.
In addition, Jingdong announced that Jingdong Logistics and kuaizhou Express Group signed a final agreement in August this year. Jingdong Logistics, a subsidiary of Jingdong Logistics, will fully acquire kuaijiang express with a total consideration of 3 billion yuan. The transaction is expected to be completed in the third quarter of this year. At present, Wang Zhenhui, CEO of Jingdong Logistics, is the chairman of kuaijiang express group, and Hu Haijian, founder of kuaijiang express, is the general manager and director.
Commercial logistics enterprises are accelerating the integration. According to Anxin Securities Research Report, Alibaba logistics platform rookie network is changing from light to heavy, from a science and technology logistics company to a logistics technology. In contrast, Jingdong platform has accelerated its sinking (mass express) and logistics has accelerated its opening up. In addition, pinduoduo has proposed to develop a new logistics technology platform to cooperate with Gome. For e-commerce platforms, domestic e-commerce express enterprises already have strategic investment value, while for express enterprises, focusing on the main business, improving the ability of fine management and becoming an important partner in the ecosystem of giant e-commerce platform has become a mainstream choice.
Yang Daqing, a special researcher of China Logistics Association, said that in the future, the leading enterprises in the express delivery market may have a bowling effect, which means that they are independent and balanced in competition, have invisible consumption wars, and their profit margins are not high. If they encounter new forces or strong collisions, they may lose their cards.
Nevertheless, the development momentum of new Express can not be ignored. In a few months, Jitu Express has completed the nationwide (domestic) network coverage except Xinjiang, and won the big order of pinduoduo and other e-commerce. Zhongyou express also relies on Jingdong to launch a comprehensive network in Jiangsu, Zhejiang and Shanghai in East China.
Recently, the network transmission rabbit Express has been banned, a Tongda department company requires all outlets to prohibit the agency of polar rabbit express business. Beijing News shell financial reporter to the relevant companies and Yuantong a number of township level express outlets to verify, some Yuantong network employees said it was true.
As for the emergence of new forces, Zhao Xiaomin believes that the concentration degree of express delivery market is the highest in history. Official data and financial report data of listed express enterprises show that in 2019, the concentration index CR8 of the top 8 express delivery enterprises is 82.5, and the concentration index Cr6 of six listed express enterprises is 80.4. This means that the total market share of express companies ranking 7th and 8th in terms of business volume is 2.1%. For a long time, unless adopting unusual strategies, it is difficult for the express delivery companies to pose a direct threat to the current listed express companies.
Yuantong shares increased by 12% by Alibaba_ NT2541