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.
Previously, the media reported that Ali held 15% shares in Shentong, 8.7% shares in Zhongtong, 33% shares in Baishi and 2% shares in Yunda.
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.
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.
According to the statistics of shell financial reporters, the price war of the express industry has been delayed for many years. As of July, the single ticket income of express delivery was close to 2 yuan. After excluding the cross-border business income, some single ticket income was close to 1 yuan. Experts believe that with the advance of the price war, industrial capital will accelerate the merger and reorganization in the second half of the year, and the action of squeezing bubbles and collecting the bottom will also appear.
The express delivery industry returned to blood rapidly after the labor pains, and the business volume exceeded 40 billion pieces
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.
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.
Yundas operating revenue was 5.625 billion yuan, a year-on-year decrease of 15.86%, net profit of 334 million yuan, a year-on-year decrease of 41.06%; Yuantongs business income was 5.534 billion yuan, a decrease of 14.12% compared with the end of the previous year, net profit of 271 million yuan, a decrease of 25.74% compared with the end of last year; Zhongtongs operating income was 3.916 billion yuan, a decrease of 14.4% on the same period, and the net profit of 371 million yuan, a year-on-year decrease of 45.6%.
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.
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%.
It is worth noting that ZTE disclosed for the first time that its market share exceeded 20%, reiterating that it will take market share as the top priority in its strategy and adjust its forecast for the whole year of 2020. Zhongtong express increased the annual business volume index to 16.2 billion pieces to 17 billion pieces, an increase of 33.7% - 40.3%; the company reduced the adjusted net profit to 4.8 billion yuan to 5.2 billion yuan.
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.
Pang Ming, chief economist of Huaxing securities, told shell finance reporter of Beijing news that China capital stocks, including the above-mentioned companies, are considering returning to the Hong Kong stock market or A-share market, which is not only a preventive measure to deal with the risk of major changes in the regulatory rules of a single listing place, but also reflects the long-term and strategic consideration of listed enterprises.
However, Zhao Xiaomin, an express expert, believes that ZTE is accelerating its internationalization. It is more advantageous for China Telecom to consolidate its existing US stock listing status from the aspects of stock price, performance, corporate governance, financing means and even brand internationalization.
Price war pushes forward M & a wave and new forces are blocked
On the whole, the first half of 2020 experienced the rapid attack of the epidemic situation and the slow return of blood in the later stage, showing a development state of first drop and then rise. At present, the business revenue of A-share listed head express companies has returned to normal level, and the revenue and business volume of some companies maintain a year-on-year growth in July.
From A-share listed express companys business briefing in July, express single ticket income is still declining. Yunda express service single ticket income was 2.01 yuan, a year-on-year decrease of 36.19%; Yuantong express product single ticket income was 2.16 yuan, a year-on-year decrease of 23.10%; Shentong express service single ticket income was 2.12 yuan, a year-on-year decrease of 24.29%. The single ticket income of SF in July was 17.87 yuan, but it was still 20.96% lower than that of 22.61 yuan in the same period last year.
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.
Since 2020, Jitu express and Zhongyou express have attracted attention as new express delivery forces. However, the industry generally believes that Tongda is to build a high moat by virtue of its cost advantage, and a large number of resources have been accumulated over the years, so new people can not surpass it in a short time.
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.
The staff of a rural Yuantong branch in Shangqiu City, Henan Province, said that it received the relevant notice in July, while another county-level Yuantong branch employee in Shangqiu City said that the boss of the network had stressed that he could not receive the express delivery of the pole rabbit express when he held a meeting in June. However, the employee also revealed that the network rarely acted as an agent for the express delivery of the pole rabbit express.
It is common for express companies to act as agents in towns and townships. Due to the small amount of express delivery, there will be a network agency for many express companies. The State Post Office has also issued documents to encourage postal express cooperation and fast cooperation, realize cost sharing and network sharing, and promote express delivery to rural areas and villages.
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