Zhitong Financial App learned that according to the disclosure of the Hong Kong Stock Exchange on February 28, Pan-Yuan International Holdings Group Limited (hereinafter referred to as "Pan-Yuan International Holdings") submitted a listing application to the main board of the Hong Kong Stock Exchange, with Zhongyi Capital Limited as its sole sponsor.
Panway International Holdings is a cross-border e-commerce logistics service provider, mainly engaged in providing end-to-end cross-border logistics services. According to the Frost & Sullivan report, the company ranked eighth in China's cross-border e-commerce logistics market in terms of revenue from the cross-border e-commerce logistics industry in 2021.
The Company's business model mainly involves providing the following: (i) End-to-end cross-border distribution services: The Company provides customers with integrated international logistics services throughout the end-to-end logistics process to deliver parcels to destination countries or regions. The company's services cover all major aspects of the cross-border logistics process, including parcel receiving, warehousing, security, packing, labeling, sorting, export customs clearance, international long-distance transportation, customs clearance and last-mile distribution. (ii) Supply Chain Solutions: The company also provides customized supply chain solutions for the specific needs of different types of customers. The Company provides customers with the flexibility to pick their own services that need to be performed by the Company in the logistics process, such as freight forwarding, customs clearance, pick-up, warehouse operations, transportation and last-mile delivery.
During the Track Record Period, the Group's revenue and gross profit breakdown by business segment is as follows:
For the nine months ended September 30, 2020, 2021 and 2021, Pan-Sco International Holdings' revenue was approximately RMB1,512 million, RMB1,354 million, RMB958 million and RMB926 million, respectively. During the same period, the profit for the year was 52.695 million yuan, 36.892 million yuan, 37.28 million yuan and 20.468 million yuan respectively.