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State-owned enterprises in logistics industry
Recently, Sinotrans Co., Ltd. (hereinafter referred to as "Sinotrans") announced that it had entered into an acquisition agreement with China Merchants to acquire all the issued share capital of China Merchants Logistics Group Co., Ltd. (hereinafter referred to as "China Merchants Logistics") for 5.45 billion yuan.

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(The picture shows a screenshot of Sinotrans official website Announcement)

Two years ago, it was integration, and now it is acquisition?

Wait! Seems a little confused. Didn't Sinotrans Changhang Group merge into China Merchants Group on 20 15? How did Sinotrans acquire China Merchants Logistics?

Sinotrans is an H-share company controlled by Sinotrans Changhang Group (hereinafter referred to as "Sinotrans Changhang") and an integrated logistics service provider. At the end of 20 15, sinotrans changhang merged into China merchants group, becoming a super "giant" with total assets of nearly 7 trillion yuan, ranking first among central enterprises.

China Merchants Logistics is a wholly-owned subsidiary of China Merchants Group Co., Ltd. (hereinafter referred to as "China Merchants Group"), a large state-owned enterprise directly managed by SASAC. Is a third-party logistics service provider, providing services including contract logistics, automobile transportation, cold chain logistics, international supply chain logistics, equipment leasing and so on.

In fact, we should not be surprised that Sinotrans acquired China Merchants Logistics, because as early as March this year, Zhao Huxiang, vice chairman of China Merchants Group, said that China Merchants Logistics would strive to merge into Sinotrans this year.

Build a huge logistics network and consolidate the largest logistics position?

The key to integration lies not only in "merging similar items", but also in "complementary advantages".

After Sinotrans acquires China Merchants Logistics, its network layout in shipping, international logistics and automobile transportation will be broader. At the same time, Sinotrans also said that this acquisition will help to combine the existing logistics resources with the target company, build a larger logistics network, provide all-round logistics services, such as adding LTL freight and cold chain logistics business, further consolidate the position of the largest logistics company in China, and open up new markets and expand the existing customer base.

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(The picture shows a screenshot of Sinotrans official website Announcement)

1. LTL freight

At present, the Sinotrans business has covered more than 700 cities in China, and at the same time, it can realize the distribution business in some 4-6 towns. Relying on the national comprehensive road transport network and supporting warehousing and logistics nodes, Sinotrans has perfect comprehensive road transport service capabilities. Its business types include long-distance trunk distribution, regional distribution and local distribution, and its transportation modes include vehicle transportation and less-than-truckload transportation.

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(The picture shows some transportation routes of China Merchants Logistics in China)

China Merchants Logistics has also established seven business areas in South China, East China, Central China, North China, Northeast China, Southwest China and Northwest China, set up secondary subsidiaries and branches in 32 cities including Beijing, Shanghai, Tianjin, Guangzhou, Shenzhen and Hong Kong, and set up 8 18 business outlets in 53 cities nationwide. China Merchants Logistics also invested in the construction of China Merchants China-Belarus Business Logistics Park in Belarus, with a view to building an important hub in the western section of the Eurasian Logistics Corridor. Investment attraction has been formed all over the country, and 32 interregional trunk lines and 1225 long-distance highway transportation lines have been successfully operated. Logistics distribution can be delivered to more than 700 cities in China in time.

Sinotrans's acquisition of China Merchants Logistics will help the company to further expand its logistics market in China.

2. Cold chain logistics

Sinotrans took the lead in integrating superior resources with Pufis, the fourth largest cold storage operator in the world, and established Pufis Yida Company. With the world's leading technology and network resources, Sinotrans provides customers with temperature-controlled warehousing and local and regional distribution services.

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China Merchants operates general warehouses, hazardous chemicals warehouses, bonded warehouses, constant-temperature warehouses, freezers and other warehouses, with a warehouse area of 2.2 million square meters, a yard area of 3 1 10,000 square meters and a warehouse area of 570,000 square meters under construction. The first-tier subsidiary (China Merchants Cold Coal) has a nationwide cold chain operation and service network layout, and is committed to providing customers with integrated cold chain service solutions. Attracting investment can provide nationwide cold chain logistics services and networks, develop cold chain-related trade business, and strive to form a "logistics business flow" development model.

Cross-regional and transnational cold chain transportation is inseparable from maritime transportation, which is the traditional advantage of Sinotrans. Sinotrans's maritime advantages and China Merchants Logistics' nationwide cold chain logistics services can provide customers with a last resort service plan and make cold chain services accessible to the whole world.

Make up the shortcomings, and the engineering logistics and energy logistics are stronger.

In fact, LTL freight and cold chain logistics are not the strongest strengths of Sinotrans, and they need to be developed with the help of other forces, such as the acquisition of China Merchants Logistics, which is stronger in these two aspects. This acquisition not only makes up for the shortcomings of Sinotrans, but also strengthens its two traditional advantages.

Advantages: engineering logistics

In recent years, Sinotrans has undertaken a number of large-scale projects covering general transportation, whole-course transportation of bulky goods, inland transportation, international railway combined transportation and so on, serving many countries and regions such as Asia, Africa, America and the Middle East. The field of self-operated ocean routes has also been actively and effectively expanded.

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Advantages: energy logistics

The rapid development of the world economy has brought about the global demand for energy, so the transportation demand of various energy equipment is relatively large. Sinotrans has also made many good achievements in this respect, mainly in the following five aspects:

1. nuclear power equipment:

Nuclear power equipment is more sophisticated and requires strict transportation details. Therefore, nuclear power logistics business requires higher professional level and management ability of logistics service providers.

As a logistics service provider of several nuclear power projects, Sinotrans has successfully participated in the logistics services of Fuqing, Fangjiashan, CGNPC Fangchenggang and other nuclear power projects with first-class equipment, professional technology, strict management and experienced team, laying a prominent competitive advantage.

2. Wind power generation equipment:

In recent years, Sinotrans has continuously invested in the energy logistics market represented by wind power generation, and its software and hardware strength such as vehicles, equipment, personnel and technology ranks among the top in China. At present, Sinotrans occupies an important position in the general contracting transportation market of complete sets of wind power equipment, including single-blade and three-blade long-short transportation, blade loading and unloading vehicles, transportation of other supporting wind power equipment, supply chain management, etc., and has accumulated rich project operation experience.

3. Power equipment:

With the rapid development of the world economy, the global demand for energy, especially electric energy, has been increasing, and the number of electric power projects undertaken by China abroad has greatly increased, which has promoted the rapid growth of China's electric power equipment exports. Sinotrans has successively signed the Vietnam Power Station Project of Harbin Power Station Engineering Co., Ltd., Indonesia Power Station Project of China Technology Import and Export Corporation, Vietnam Project of China Electrical Equipment Corporation and Indonesia Power Station Project of Harbin Power Station Engineering Co., Ltd. ..

4, petrochemical industry:

With the rapid development of international energy shortage, the scale of production and equipment manufacturing enterprises in China's petrochemical industry is accelerating, and the demand for petrochemical logistics in China is increasing day by day. It is characterized by container transportation imported from Europe and America and sea-land combined transportation of large petrochemical equipment purchased at home.

After long-term work, Sinotrans has accumulated rich transportation experience of large-scale petrochemical equipment, trained a large number of logistics technical backbones of petrochemical projects, and mastered sufficient transportation resources and mature international and domestic operation networks. In particular, the transportation records of the longest and heaviest domestic large-scale equipment were created in the BASF IPS project in Yangzi and the Fujian refining and chemical integration project respectively.

5. Mining logistics:

With the rise of China's economy, the resource game between China and other countries in the world has entered a new stage. Many China enterprises have joined the international competition in mining development and seized the opportunity of global economic competition from the source. We have professional comprehensive logistics capabilities and provide high-quality full-process logistics service solutions for mining customers for a long time.

At present, Sinotrans is serving the Liberia National Mine Project, which is controlled by WISCO Group. The annual output of iron concentrate in this project is100000 tons. The main projects include mining and mineral processing projects, mine auxiliary production projects and a series of external facilities such as concentrate transportation pipelines, railways and docks.

The two great powers compete for hegemony, and logistics state-owned enterprises enter the "double-hero era"

At the end of 20 15, cosco and China shipping merged to form China ocean shipping group co., ltd (hereinafter referred to as "cosco shipping"). On February 20 16, China Ocean Shipping Logistics Co., Ltd., China Shipping Group Logistics Co., Ltd. and China Shipping Agency Co., Ltd. were reorganized and integrated to form COSCO Shipping Logistics Co., Ltd. (hereinafter referred to as "COSCO Shipping Logistics").

At the end of 20 15, Sinotrans Changhang was integrated into China Merchants Group. 20 17 In August, Sinotrans acquired China Merchants Logistics Group for 5.45 billion yuan.

COSCO Shipping Logistics and Sinotrans will be mainly responsible for the logistics business of their respective groups.

As a result, two top domestic logistics companies were born.

1, which is spread all over China and radiates the global service network system.

Cosco Shipping Logistics is a leading international logistics enterprise in China market, providing all-round logistics solutions for domestic and foreign customers in project logistics, engineering logistics, integrated freight, warehousing logistics, shipping agency, supply chain management and other business fields.

COSCO Shipping Logistics has set up branches in 30 domestic provinces, municipalities and autonomous regions and 65,438+07 overseas countries and regions, with more than 500 global sales and service outlets, forming a service network system covering China and radiating the whole world.

Sinotrans is one of the largest shipping agency service providers in the world, handling more than 9 million TEUs of sea containers annually, and can provide full logistics transportation services from major ports in China to major trading countries and regions in the world, such as Asia, Europe, Africa, North America, South America, Oceania, etc., and respond to various challenges in sea transportation with efficient, reliable and flexible logistics services.

China Merchants Logistics has established 8 18 business outlets in 53 cities nationwide, and also invested in the construction of China Merchants Zhong Bai Trade Logistics Park in Belarus, making it an important hub in the western section of the Eurasian Logistics Corridor. The integration of China Merchants Logistics into Sinotrans will also provide opportunities for China Merchants Logistics to explore new markets and expand its existing customer base.

2. Thanks to the "Belt and Road" development strategy, enterprises have accelerated the layout of foreign markets.

Cosco Shipping, as a super-large state-owned enterprise directly managed by the central government, is an enterprise group that implemented "going out" earlier in China. In Europe, North America, South America, Africa and other more than 60 countries and regions around the world set up institutions. Its investment and business scope covers shipping, ports, logistics, ship fuel supply and other shipping and logistics-related fields, and it is one of the state-owned enterprises with the highest degree of international operation. As of 20 16, 12 and 3 1, the comprehensive transportation capacity of cosco's marine fleet is 81680,000 dwt/1082, ranking first in the world.

Thanks to the national "One Belt, One Road" policy and the rapid growth of business volume brought by enterprises' "going global", the profit of Sinotrans Specialized Logistics Service Division increased by 1 1.2% last year. After the acquisition of China Merchants Logistics, Sinotrans indicated that it could use the early investment of China Merchants Logistics in South Asia and Europe to expand overseas markets more quickly.

It is understood that in the first half of this year, Sinotrans's professional logistics sector achieved revenue of 48 1 10,000 yuan, a year-on-year increase of 30.4 1%. Thanks to the substantial increase in freight volume, Sinotrans's revenue in the first half of the year increased by 19 19% to 26150,000 yuan; Operating profit was 695 million yuan and net profit was 634 million yuan, up 44.73% and 29.95% respectively.

Related question and answer: Is Sinotrans a state-owned enterprise? Sinotrans is an old state-owned enterprise with little room for appreciation, but the benefits (five insurances and one gold, company travel expenses, communication fees, holiday fees, high temperature fees, etc. ) it's all ok. If you want to find a stable job, you can. Maternity leave can be paid for half a year, and men also have maternity leave.