Opinion Real Estate Network News:On May 6th, an Neng Logistics (ANE)HKExSubmit a prospectus. According to the introduction, the company operates China's less-than-truckload market-leading express network. Express network operators provide timely and comprehensive cargo transport services for less-than-truckload service providers covering the whole country.
According to the view real estate new media, the company's unloaded income increased by 10.8% from 4.813 billion yuan in 2018 to 5.335 billion yuan in 2019, and further increased by 32.7% to 7.081 billion yuan in 2020. The gross profit of the unloaded business increased by 22.9% from 623 million yuan in 2018 to 766 million yuan in 2019, and further increased by 37.3% to 1.052 billion yuan in 2020. And achieved an overall operating profit margin of 1.1% in 2019, compared with an operating loss rate of 29.4% in 2018 and a substantial increase in operating profit margin to 8.2% in 2020.
It is said that the total freight volume of the company in 2018, 2019 and 2020 was about 7.3 million tons, 8.1 million tons and 10.2 million tons respectively.
The company's innovative freight cooperation platform model is based on critical infrastructure network, cooperation with freight partners and agents, and technology system empowerment.
Among them, direct control of key infrastructure includes distribution, launched through 147self-operated distribution centers (including 10 core hubs and 45 transit hubs) connecting more than 2000 inter-provincial direct routes in China's major first-and third-tier cities (as of December 31, 2020). Trunk transport, carried out through the company's self-operated fleet (consisting of about 1500 trunk high-capacity trucks and more than 2700 trailers) and supported by more than 1000 trucks operated by a third-party fleet (as of December 31, 2020), both proprietary and third-party fleets operate at higher operating standards under the Anneng brand and logo.
And, working with about 26400 freight partners and agents, working with freight partners and agents to operate outlets and manage pick-up and delivery services at their own expense, to provide services to 3.6 million end customers in China's entire business system in 2020, covering about 96% of counties and townships on December 31, 2020.
However, for the years ended 31 December 2018 and 2019, the company incurred a net loss of $2.116 billion and $215 million respectively, and a net profit of $218 million for the year ended 31 December 2020. In addition, for the year ended December 31, 2018, the net cash of operating activities was 156 million yuan.
Furthermore, as at 31 December 2018, 2018, 2019 and 2020, net current liabilities were $2.656 billion, $6.502 billion and $1.179 billion respectively, and negative equity or net losses of $6.432 billion, $6.596 billion and $5.988 billion were recorded in the same period respectively.