The Zhitong Finance App learned that CICC released a research report stating that considering future industry demand, there is still uncertainty and maintains the “outperforming industry” rating of Aneng Logistics (09956), with a target price of HK$7.5. As the company's cost reduction results exceeded expectations, providing room for further optimization of the subsequent franchisee ecosystem, the bank raised 2023/24 net profit by 71%/71% to 410 million yuan/620 million yuan, introducing 25-year net profit of 780 million yuan, an increase of 25% year-on-year; at the same time, it raised 2023/24 non-HKFRS net profit 18%/30% to 510 million yuan/720 million yuan, and introduced non-HKFRS net profit of 880 million yuan in 25, an increase of 21.5% year-on-year.

According to the report, the company expects to achieve non-HKFRS adjusted net profit of no less than 50 billion yuan in 2023, exceeding the forecast of the bank. The loss for the same period last year was 220 million yuan. The company expects revenue to increase 6% year-on-year to about 10 billion yuan in 2023; gross profit to increase 70% year-on-year to 1.24 billion yuan; operating profit is expected to be no less than 570 million yuan, and net operating loss for the same period last year is 170 million yuan. The profit for 23 exceeded our previous expectations. The company announced a significant profit improvement, mainly due to the initial results of the transformation of the efficiency and quality improvement strategy, cost reduction brought about by optimization of the distribution network structure, improvements in internal lean management, and continuous optimization of the franchisee network ecosystem.