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Public company info - Changan Minsheng APLL Logistics Co. Ltd. - H Shares , 01292.HK
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Changan Minsheng APLL Logistics Co. Ltd. - H Shares, 01292.HK - Company Profile
Chairman Xie Shikang
Share Issued (share) 55,000,000
Par Currency Renminbi
Par Value 1.0
Industry Warehousing & Logistic Services
Corporate Profile Business Summary: The principal activities of the Group are the rendering of transportation services for finished vehicles, supply chain management services for automobile raw materials, components and parts, transportation services for non-automobile commodities, the sale of packaging materials and the processing of tyres. Performance for the year: For the year ended 31 December 2019, the audited consolidated revenue of the Group was approximately RMB4,341,585,000, representing a decrease of approximately 15.08% from the previous year. For the year ended 31 December 2019, the audited loss attributable to equity holders of the Company was approximately RMB55,967,000, representing a decrease of 221.38% from the corresponding period in 2018. For the year ended 31 December 2019, the audited basic earnings per share was negative RMB0.35 (in 2018: RMB0.28). Business Review: Supply Chain Management Services of Automobiles and Automobile Raw Materials, Components and Parts 1. Transportation of Finished Vehicles For the year ended 31 December 2019, the revenue of the Group from finished vehicle transportation services was RMB2,343,133,000, up approximately 6% from RMB2,210,555,000 of last year. 2. Supply Chain Management Services of Automobile Raw Materials & Components and Parts During the reporting period, the overall sluggish domestic automobile market and the decline in the sales volume of the Group’s major customer led to a decrease in the demand for supply chain management services of automobile raw materials and components. As such, the revenue from supply chain management services of automobile raw materials & components and parts for the year ended 31 December 2019 was RMB1,558,313,000, down approximately 13% from RMB1,787,954,000 of last year. Transportation of Non-automobile Commodities and Other Logistics Services During the reporting period, due to the sluggish automobile market, the steel sales volume of the Group’s certain customers declined sharply, which led to a significant decrease of steel transportation services from the Group. As such, the revenue of the Group from such logistics services was RMB26,367,000 for the year ended 31 December 2019, representing a decrease of approximately 59% from RMB65,097,000 of last year. Automobile Components & Parts Packaging Sales and Tyres Sub-packaging During the reporting period, the overall sluggish domestic automobile market and the substantial decline in the sales volume of the Group’s major customer led to a corresponding decrease in the market demand for automobile packing and tyres subpackaging services. As such, the revenue of the Group from automobile components & parts packaging sales and tires subpackaging was RMB403,837,000 for the year ended 31 December 2019, down approximately 55% from RMB905,073,000 of last year. Sales of Vehicles The enactment of GB1589-2016 has led to the new demand for standard trucks by carriers. The Company took the opportunity and actively explored the relevant business. During the reporting period, the revenue of the Group from sales of automobile transporters is RMB9,935,000. Logistics Services Network As at 31 December 2019, the Company had a total of 26 branches, subsidiaries, associated companies and representative offices, which are mainly located in East China, Central China, North China, South China and Southwest China (Picture 2). The continuous enhancement of service network enables the Group to provide logistics services to different parts of the country. Prospects: The year of 2020 marks the grand finale of the “Thirteenth Five-Year Plan” and the final year for establishing a well-off society. The domestic economy will only see a short-term impact from the new coronavirus outbreak and the foundental trend of steady growth remains unchanged. From the macroeconomic perspective, the global economic growth is slowing down and the international situation is becoming more complicated, which will have a certain impact on the Company’s customers and its own development. Although China’s economy is expected to keep an upward trend in the long run, its growth rate has and will gradually decline. The GDP growth rate is expected to range between 5.5% to 6%. In terms of the automobile industsy, the total growth of domestc automobile market does not appear optimistic, and it is expected to decrease by 8% in 2020. Meawhile, changes in the market and technology will lead to an accelerated reshuffle of the automotive industry, and with the lift of limits on equity ratios of automotive joints ventures, the industry will be fundamentally changed. In terms of competition, OEMs will attach greater importance to the logistics supply chain, and major automakers will strengthen control over logistics, and barriers between automakers will be more difficult to break. In addition, automotive logistics enterprises will accelerate their efforts in building new competitive edges, market expansion, construction of multimodal transport systems, transformation toward smart logistics, and cooperation with other companies. The year of 2020 will see both challenges and opportunities. The Company will experience pressure but will remain hopeful.In response to new economic development trend and the demand for logistics transformation, the Company will remain committed to the principle of steady growth, and the overall strategy of development driven by cost reduction, operational optimization and innovation, so as to accelerate the pace of transformation to finally achieve high-quality development. Despite the pandemic threat, the Company are prepared to take the every measures possible to weather through the tough time: “Balancing between the epidemic prenvention and render of logistics services”.The Company will unswervingly carry out all kinds of prevention efforts against the new coronavirus and ensure the safety of both the Group’s employees and those in contact. In the meantime, the Company will fully prepare for possible increase in logistics demand from the Group’s customers, understands the customers’ needs, and stretch the potential of the logistics network to improve the quality of logistics services and control transportation costs. In addition, the Group will apply for the favorable policies issued by the state and local governments to help the Company reduce costs and increase efficiency. The Group will make every effort to prevent the virus and meanwhile provide services to customers to minimize the impact and loss caused by the virus. “promoting online to offline (“O2O”) business mode in terms of automobile logistics related services”. The Company will accelerate O2O business mode transformation, combining the Company’s offline logistics resources, the VTC ( short for Vehicle Terminal Center”) in particular, with the online platfrom of “E-yunche” ( the Company’s very own order-placing system for customers”) to recreate a complete ecosystem for finished vehicle related logistics business. As far as automobile parts logistics services are concerned, by further refining the layout of CDC (short for “Consolidation and Dirtribution Center”) , optimizing the online platform of “Chehuoji”(an application built by the Company for customers to place order for automobile components), the Company will moblize both online and offline resources to facilitate the distribution and selling of automobile parts and realize platform-based operation and “express delivery” of automobile related services. Pursuing information and intelligence based business operation to accelerate the transformation toward smart logistics”. in light of the new demands for unmanned, intelligent and contactless logistics services arising in the epidemic, the Company will accelerate information-based and intelligence-based logstics operation capability improvement. In terms of informationbased operation capability, the Company will continue to build digital fleets and digital parks to create a visual multimodal transport management platform. With respect to intelligence-based logistics operation capability, the Company will replicate the experience from relevant successful cases to apply to the Group’s intellectualization projects in similar scenarios, finally realizing the application of intelligent operation technologies such as intelligent identification, handling, sorting, and distribution in various business aspects. “Promoting standard operation and lean management”. The Company will continue to optimize the Group’s lean operation management system and protocals in relation thereto. The Company will construct customer-based end-to end business process instructions and computerized those instructions, subject to constant review by the Company. In terms of lean management, the Company will increase management efficiency by improving business structure, streamlining the delegation of authority and management process, optimizing management of resources and reducing unnecessary meetings. In addition, the Company will continue to reduce costs through technologies and scientific management to improve lean management. The Company will improve the overall management skills by the above-mentioned measures. “Exploring automobile logistics business and non-automobile logistics business with greater efforts”. On top of strengthening automobile logistics business, the Company will take advantage of the Group’s entensive logistics network to expand non-automobile logistics and in doing so improving customer diversity, business portifilo and risk- coping capabilities. In relation to automobile logistics, the Company will tap into the logistics demand from automobile parts suppliers in the upstream of the industrial chain to the aftersales market in the downstram of the industrial chain and logistics business from independent customers. With respect to the non-automobile logistics,the Company will focus on expanding electronics and electrical appliances manufacturing logistics business, equipment manufacturing logistics business, chemical logistics business, and cold chain logistics business.

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