An Jiner logistics is holding a hearing at the Hong Kong Stock Exchange and will become the "first stock" of Hong Kong stocks.

On September 19th, according to information on the Hong Kong Stock Exchange website, Aneng Logistics has officially passed the hearing of the Hong Kong Stock Exchange and updated the information collection after the hearing. This means that Aneng Logistics is about to complete the final step of listing on the Hong Kong Stock Exchange and become the "first stock of express logistics" in the Hong Kong stock market.

Aneng Logistics' listing as the "first stock of express logistics" on the Hong Kong stock market this time has a demonstrative significance. It is widely analyzed in the market that after the seven major express delivery companies took turns to go public, the express logistics industry is gradually moving to the center stage and will play a key role in China's digital economy.

On May 6, 2021, Aneng Logistics submitted its prospectus to the Hong Kong Stock Exchange. The prospectus shows that this time Aneng Logistics will use the funds raised to construct more core hubs in strategic areas to expand its scale, invest in the mainline transportation fleet to enhance efficiency, and invest in technology innovation, etc.

As of April 30, 2021, AnE logistics has 151 distribution centers nationwide, 10 core hubs covering China, and 43 main transfer hubs for goods between provinces and cities, connected by over 2,000 interprovincial direct routes. There are over 3.6 million end customers, covering various areas of China's commercial circulation and integrating the country's dispersed and inefficient less-than-truckload market.

According to iResearch data, in 2020, the unit operating cost of other express delivery networks generally ranged from 600 yuan to 900 yuan per ton, while AnE logistics' unit operating cost for less-than-truckload business was 591 yuan / ton, one of the lowest in China's express delivery networks.

According to the prospectus, in 2020, AnE logistics' total freight volume was about 10.2 million tons, with a market share of 17.3% in all express delivery networks in China, ranking first. From 2015 to 2020, the compound annual growth rate of AnE logistics' freight volume was 31%, while China's overall less-than-truckload market had a compound annual growth rate of 5.9% during the same period.

According to the updated prospectus, the company's freight volume from January to April 2021 was 3.6 million tons, compared to 2.1 million tons in the same period of 2020.

In terms of revenue, in 2018, 2019, and 2020, AnE logistics' income was 5.331 billion yuan, 5.338 billion yuan, and 7.081 billion yuan respectively, with gross profits of -0.584 billion yuan, 0.679 billion yuan, and 10.51 billion yuan respectively.

In 2018 and 2019, AnE logistics had net losses of 2.113 billion yuan and 0.214 billion yuan, respectively. In 2020, it successfully turned losses into profits with a net income of 0.218 billion yuan.

According to AnE logistics, the company's profit improvement in 2019 compared to 2018 was related to the termination of its express delivery business, while its performance in 2020 was mainly attributed to the growth of its less-than-truckload services.

In fact, after discontinuing express delivery services, AnE logistics focused more on less-than-truckload express logistics. From 2015 to 2020, the compound annual growth rate of AnE's freight volume was 31%. In 2020, due to the impact of the COVID-19 pandemic in the first quarter, its freight volume declined by 15% year-on-year, but it quickly recovered in the second quarter. In 2020, its average daily freight volume increased from 0.0289 million tons in 2019 to 0.0384 million tons.

安能物流表示，未来的战略重点是满足快速变化的商业体系所带来的对综合运输服务的需求，巩固行业领导地位，加速中国零担行业的整合，并在未来几年内保持强劲的盈利性增长。

安能物流成立于2010年6月，是一家快递物流公司。该公司通过整合传统物流专线、零担快运网络和信息技术平台，致力于打造中国最大的零担快运加盟网络。

目前，安能物流通过自主研发的IT系统全面数字化运营的每个环节，可提高实时数据跟踪、智能网点管理、路线规划以及为终端客户提供智能客服等多方面能力。

本文来源于亿欧，原创文章，作者：刘城宏。

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