On the evening of December 3, China tiewu issued an announcement on the progress of the professional integration of the logistics sector of China tiewu group and China Chengtong Group. China tiewu group, the indirect controlling shareholder of the company, has completed the change of industrial and commercial registration information and changed its name to "China Logistics Group Co., Ltd." (hereinafter referred to as "China Logistics Group").
According to the announcement, China Railway Materials Co., Ltd. issued the announcement of China Railway Materials Co., Ltd. on the approval of the specialized integration of logistics sector of China Railway Materials Group Co., Ltd. and China Chengtong Holding Group Co., Ltd. (2021-p.051) on November 30, 2021, It is announced that China Railway Materials Group Co., Ltd. (hereinafter referred to as "China Railway Materials") and China Chengtong Holding Group Co., Ltd. (hereinafter referred to as "China Chengtong") will implement professional integration in the logistics sector, change the name of China Railway Materials Group to the integrated new group, and transfer the equity of relevant enterprises held by China Chengtong Group and its affiliated enterprises into the integrated new group free of charge. The integrated new group will focus on the needs of the construction of modern circulation system and strive to build a modern logistics enterprise with complete industrial chain and strong comprehensive strength.
Five heroes gather to show their powers
It is reported that this integration involves five companies, China tiewu group, China material storage and Transportation Group Co., Ltd. under China Chengtong Group, Hong Kong China Travel China Trade International Logistics Co., Ltd., China Logistics Co., Ltd. and China Packaging Co., Ltd. China tiewu group will be renamed as the new integrated group - China logistics group, The state owned assets supervision and Administration Commission of the State Council of the State Council performs the duties of investor on behalf of the State Council of China Logistics Group, and the controlling shareholder and actual controller of the company have not changed. So far, another big Mac logistics national team was officially born.
On December 3, the above interested parties issued an announcement on the acquisition report, which transferred 100% equity of China materials storage and Transportation Group Co., Ltd., 45.79% equity of China trade logistics, 40% equity of China Logistics Co., Ltd. and 100% equity of China Packaging Co., Ltd. held by China Chengtong Group and its affiliated enterprises to China Railway Materials Group Co., Ltd. (i.e. China Logistics Group) free of charge.
From the current integration of the five companies, they actually have their own focus in their respective logistics segments. For example, warehousing, transportation and industrial resources have been deeply cultivated for many years and have a fairly solid foundation, but it is undeniable that there are also overlaps in business. How to give full play to their respective advantages and avoid weaknesses after integration will also become a problem that China Logistics Group will face.
1. Commercial logistics
China Railway Group is mainly engaged in comprehensive services for rail transit industry and modern logistics, covering oil supply chain, railway rail supply chain, railway equipment supply chain, international train agency, bulk commodity logistics, engineering project logistics, in plant logistics, strategic material storage, etc. it has more than 270 logistics operation outlets and 29 Logistics bases, It covers 22 major cities in China. The company also has a warehouse area of 300000 square meters, a material storage yard area of 2.09 million square meters, 89 special railway lines (contract length of 75 km), more than 300 sets of various lifting equipment, more than 170 transport vehicles and more than 400 railway flat transport vehicles.
2. Warehousing and logistics
China's material storage and transportation is a large storage and logistics company with nearly 60 years of history. The physical network covers all major city and major economic regions of the world, covering the spot delivery logistics, commodity supply chain, Internet plus logistics, engineering logistics, consumer goods logistics, and gold and logistics. China's storage, transportation and warehousing network covers Asia, Europe, America and other major economic regions in the world; It has invested and operated logistics parks in more than 20 provinces, municipalities and autonomous regions in China. Its logistics park and logistics center cover a total area of about 10 million square meters, including about 3 million square meters of open-air storage yard, about 3 million square meters of warehouse and 57 special railway lines, with the function of highway railway and highway water combined transport. In the first three quarters of 2021, the operating revenue of China storage and Transportation Co., Ltd. was 53.424 billion yuan, a year-on-year increase of 60.63%; The net profit was 647 million yuan, a year-on-year increase of 138.43%; The net profit in the third quarter was 499 million yuan, a year-on-year increase of 234.35%.
3. Integrated logistics
After nearly 30 years of development, China logistics has also established large logistics parks in more than 30 hub cities, with land resources of more than 10000 mu and storage area of about 2 million square meters. At the same time, China logistics is a logistics industry group integrating public and rail transportation, multimodal transport, international freight forwarding, warehousing and distribution, production and sales, supply chain finance, ferrous and non-ferrous metal trade and other services. It has more than 10 customs supervision warehouses and storage yards, three inland river yards, integrating various social transport capacity resources, and more than 500 lifting and handling equipment, There are 31 special railway lines, with a total length of 21927m.
4. Third party international integrated logistics
The overseas network of Huamao logistics covers more than 160 countries and regions. Its main businesses include international air, sea and rail freight forwarding, cross-border e-commerce logistics, international engineering logistics, international warehousing logistics, other international comprehensive logistics services, as well as special logistics of large pieces, realizing the full coverage of cross-border logistics products. The operating revenue of Huamao logistics in the first three quarters of 2021 was 16.602 billion yuan, a year-on-year increase of 69.16%; The net profit was 670 million yuan, a year-on-year increase of 65.92%; The net profit in the third quarter was 195 million yuan, a year-on-year increase of 47.21%. In a & A's list of top 25 global freight forwarders and top 25 global air freight forwarders in 2020, China trade logistics ranked 15th and 14th in global freight forwarders and global air freight forwarders respectively, and ranked 44th among the top 50 global third-party logistics.
5. Packaging industry
China packaging is a large enterprise group with a relatively complete packaging industry system and domestic and foreign trade service system, and has national R & D, news media and other institutions。
It is not difficult to see that after the assembly of "five road heroes", China Logistics Group will be a large comprehensive logistics group integrating commercial logistics, warehousing logistics, international logistics and packaging logistics. How to form an organic reaction between them is very worthy of the expectation of the industry.
Back against a big tree to enjoy the cool
It is understood that in 1992, China Chengtong was formed by the merger of 19 material circulation enterprises directly under the former Ministry of materials. It undertakes the tasks of acquisition, allocation, storage and distribution of national mandatory plans for important means of production, plays the role of main circulation channel and "reservoir" in the national economy, and manages and operates the equity of 70 billion yuan of listed companies of central enterprises, By the end of 2020, the total assets reached nearly 400 billion yuan and the annual revenue was 124.2 billion yuan.
Among the 96 central enterprises subordinate to SASAC, China Chengtong Holding Group Co., Ltd. is the only large central enterprise with logistics as its main business. It has the largest warehousing and logistics cluster among state-owned enterprises. It has a number of companies, including three important logistics enterprises: China material storage and transportation group, Hong Kong China Travel China Trade and China logistics, of which China Trade and China storage Co., Ltd. are listed companies, CSCR is a company under the jurisdiction of China material storage and transportation group.
China Railway Group is a large central enterprise directly supervised by the state owned assets supervision and Administration Commission of the State Council. Its predecessor is the former Material Management Bureau of the Ministry of railways, which is known as the "General Logistics Department" of China's railways in the industry. It is the earliest, largest and most comprehensive comprehensive comprehensive railway producer service provider in China. It deeply cultivates the integrated supply of railway materials Railway logistics integrated services and railway related diversified business areas, including two listed companies, tiewu Co., Ltd. and Guotong Co., Ltd. in 2020, the total assets of China tiewu group reached 60.77 billion yuan and the annual revenue was 65.77 billion yuan.
In 2016, it was decided by SASAC that China Railway was entrusted by Chengtong Group. Therefore, this China Logistics Group is the result of the state owned assets supervision and Administration Commission of the State Council promoting the professional integration of logistics business of central enterprises and aiming to build a "comprehensive logistics national team", which can also be said to be the integration of Chengtong's logistics enterprises and entrusted logistics enterprises.
According to the acquisition document on December 3, "SASAC of the State Council plans to build a world-class comprehensive logistics enterprise group with global competitiveness through the integration of logistics business segments of central enterprises, so as to give better play to the strategic supporting role of central enterprises in accelerating the construction of modern circulation system and building a new development pattern."
Therefore, the purpose of the reorganization of central enterprises is obvious, which is to build a world-class comprehensive logistics enterprise group with global competitiveness. The establishment of China Logistics Group shoulders a major mission of China logistics, which has a long way to go. With the approval of the reorganization of central logistics enterprises, China Logistics Group has successfully taken the first step, but there is still a long way to go.
Source: comprehensive report of logistics times
