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Public company info - Goal Rise Logistics (China) Holdings Limited , 08457.HK
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Goal Rise Logistics (China) Holdings Limited, 08457.HK - Company Profile
Chairman Li Jianxin
Share Issued (share) 800,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Warehousing & Logistic Services
Corporate Profile Business Summary: The Group provides a wide range of logistics services to meet the needs of the Group's customers’ supply chains in the PRC, which include (i) transportation; (ii) warehousing; (iii) in-plant logistics; and (iv) customisation services (which consist mainly of labelling services and bundling services). Performance for the year: The audited consolidated revenue of the Group for the year ended 31 December 2018 was approximately RMB211.3 million with an increase of approximately RMB19.2 million as compared with that for the year ended 31 December 2017. The Group recorded an audited profit attributable to owners of the Company of approximately RMB22.2 million for the year ended 31 December 2018 (2017: approximately RMB6.9 million). The audited basic earnings per share of the Company was approximately RMB2.78 cents for the year ended 31 December 2018 (2017: approximately RMB1.08 cents). Business Review The scope of logistics services that we provide to each customer varies as different customers often require different kinds of services and expertise. We normally offer transportation services to our customers to deliver inventory (which includes production materials, components and finished goods) to their downstream clients, manufacturing plants and/or designated locations. Our six warehouses located in the Guangdong Province with an approximate total area of 68,000 square metres offer warehousing services to our customers while the rental agreement of one of these warehouses has expired at the end of 2018. We decided not to renew this rental agreement due to deterioration of the warehouse infrastructure. Our in-plant logistics services cover the management of the movement of (i) production materials and components and work-in-progress to the production lines within our customers’ manufacturing plants; and (ii) finished goods out to their factory gate. Our range of services gives us a competitive advantage over other logistics service providers in the PRC which offer only a limited range of services. With our proven track record of providing flexible, reliable and timely logistics services in the logistics industry, we have established a broad customer base comprising customers from various industries, including pharmaceutical, fast-moving consumer goods, packaging, health and beauty and other industries. We trust that our ability to provide logistics services to our customers for over 20 years would not only enable us to generate stable revenue, but also demonstrate our strength to perform logistics services at a high quality standard and build up our reputation in the logistics industry in the PRC. Benefiting from the listing status of the Company and the continued support from the customers together with their own business expansion, the Group achieved favourable growth in its business operation which resulted in higher revenue as well as profit for the year ended 31 December 2018 as compared with the year ended 31 December 2017. The Group’s major business segments, including transportation services, warehousing services and in-plant logistics services, recorded better performance which in aggregate contributed an increase of approximately 10.2% in the Group’s revenue. During the year ended 31 December 2018, the Group has gradually carried out the implementation plans of those business objectives as set out in the Prospectus. In connection with the business objective of upgrading one of the warehouses to strengthen the provision of quality logistics services to our customers, we have completed initial upgrade works on the construction of infrastructure facilities and contracted with a service provider for the design and installation of automated storage facilities and software systems enhancement in one of the warehouses. On expanding the existing in-plant logistics business in the North China and the East China regions, the Group has participated in the tendering process of potential customers which include several large customers from various industries including beverage, chemical and pharmaceutical businesses. We have also expanded our vehicle fleet by acquiring new trucks and employing additional drivers for our transportation business. In respect of enhancing sales and marketing effort, the Group has participated in some industry exhibitions and conferences and set up a sales and marketing department to oversee the Group’s existing and potential customer base as well as to capture additional business opportunities via visits to customers’ operation plants in both PRC and overseas. We have set up a company in Egypt aiming for expansion of our logistics business overseas and currently, we have been providing domestic and international transportation and freight forwarding agency services in Egypt for customers. A comparison of the status of the implementation plans with the actual business progress is also provided in a later section of this announcement. Prospects: Looking forward, capitalising on the continued expansion and development of automated storage facilities and systems in our warehouses, we believe that the Group can maintain its competitiveness and strengthen its market position in the logistics industry in the PRC. Furthermore, we aim to seek opportunities to diversify our customer base and enhance our capability in the transportation and warehousing businesses. In anticipation of any potential change in the customers’ operation demand for logistics services overseas, the Group will also actively consider to explore business opportunities to accommodate their needs.

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