On July 24, the 108th meeting of the 18th CSRC in 2020 was held. The audit results showed that Shanghai ZhongGu Logistics Corporation was first approved.
According to the announcement on the online IPO application of ZhongGu on September 17, the initial effective subscription multiple of Zhonggu was about 7496.40 times, indicating the market's enthusiasm for its IPO.
ZhongGu Logistics is mainly engaged in container logistics industry of domestic trade. Through the integration of railway and highway resources nationwide, ZhongGu Logistics has formed a three-dimensional logistics network of "public, railway and water", and established a multi-modal transport integrated logistics system with water transport as the core, taking container as the carrier.
As of December 31, 2019, ZhongGu Logistics is operating 112 container ships efficiently, with a carrying capacity of 2,486,500 DWT and 382,400 TEU standardized containers.
In 2017, 2018 and 2019, ZhongGu Logistics has operating revenue of 5.6 billion yuan, 8.08 billion yuan and 9.9 billion yuan respectively, and net profits attributable to shareholders of the parent company after deducting non-recurring gains and losses are 530 million yuan, 370 million yuan and 640 million yuan respectively.
According to Alphaliner, an international authoritative research institution, by the end of December 31, 2019, the comprehensive capacity of ZhongGu ranks 13th in the world and top 3 in China.
With the continuous growth of domestic market demand, ZhongGu plans to purchase six 19,00TEU container ships, each with a deadweight of about 23,820 tons.
The 82000TEU container purchase project of ZhongGu includes the purchase of 2000TEU reefer containers, which is helpful to improve its professional ability in the field of cold chain transportation.
The company plans to issue no more than 81.9 million shares on the main board of Shanghai Stock Exchange, and plans to raise 1.5 billion yuan to invest in container ship acquisition projects and container acquisition projects respectively.
With the coming of ZhongGu Logistics listing and the implementation of raised investment projects, with the help of domestic policy guidance and capital market, the momentum of its rapid development in the future will be worth the expectation of the majority of investors.
Source: Sarah Yu, XINDE MARINE NEWS
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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