On September 19, according to the information on the Hong Kong Stock Exchange website, An Jiner logistics has officially passed the hearing of the Hong Kong Stock Exchange and updated the post-hearing materials. This means that An Jiner logistics is about to complete the final step of listing in Hong Kong and become the "first stock" of Hong Kong stocks.
An Jiner logistics' debut as the first stock of Hong Kong stocks in the capital market is of demonstrative significance. Market analysts generally believe that after the seven major express delivery companies have taken turns to go public, the express delivery industry is gradually entering the center stage and will play a key role in China's digital economy.
On May 6, 2021, An Jiner logistics submitted its prospectus to the Hong Kong Stock Exchange. The prospectus shows that the funds raised by An Jiner logistics this time will be used to build more core hubs in strategic regions to expand its scale, invest in mainline transportation fleets to improve efficiency, and invest in technology innovation, etc.
As of April 30, 2021, Aneng Logistics has 151 distribution centers nationwide, with 10 core hubs covering China comprehensively and 43 major transfer hubs responsible for the transfer of goods between provinces and cities, connected by over 2,000 inter-provincial direct routes. The terminal customers exceed 3.6 million, covering various fields of China's commercial circulation and integrating China's scattered and inefficient less-than-truckload market.
According to iResearch data, in 2020, the unit cost of other express logistics networks generally ranges from 600 yuan to 900 yuan per ton, while Aneng Logistics' less-than-truckload business unit cost is 591 yuan per ton, one of the lowest among China's express logistics networks.
The prospectus shows that in 2020...