The main target groups of the express ecosystem: (investors, private equity funds, brokerage institutions, local government decision-makers, express regulatory departments, express delivery operators, media practitioners, express upstream and downstream operators, franchise network owners, express logistics practitioners with an annual salary of more than 300,000 yuan)
Before adding an Official Account, please read the prompts to see if you belong to the target group
| Express Ecosystem Investment Group
On April 25, YTO Express (600233. SH) released its 2023 and 2024 Q1 financial reports, which show that in 2023, the company will complete 21.2 billion pieces of express delivery business, a year-on-year increase of 21.31%, achieve an operating income of 57.684 billion yuan, a year-on-year increase of 7.74%, a net profit of 3.723 billion yuan, a decrease of 5.03%, a non-net profit of 36.05 yuan, a decrease of 4.63%, a debt ratio of 32.33%, and a cash flow decrease of 18% , the company's franchisees decreased by 92, and the YTO shareholding platform sold 27.43 million shares, which are no longer in the list of shareholders.
Since 2024, the performance of YTO Express in the capital market has significantly exceeded market expectations, and the market is full of expectations for YTO to get out of differentiation and internationalization and aviation hub effect. YTO's former concept was to "hold high and fight high" and won the "first share of express delivery", but unfortunately, it became "take the elevator" and then completed the "reversal"; then it returned to the "stable" strategy, and the market soon gave a reverse trend.
The ambition of the head of YTO and the goal of YTO determine that it is impossible for YTO to take a "stable" strategy. YTO Express, YTO Airlines, YTO International, YTO Commercial, YTO Finance and the "Air Logistics Hub" ecosystem determine that YTO must take the initiative to attack the strategy and efficient execution strategy, which is also the key to YTO's comprehensive differentiation and achieve its goals.
At present, YTO Airlines has 13 self-owned freighters, and only 2 will be added in 2023, and we have talked many times before that YTO's own freighters need to be increased to 20 as soon as possible (20 is also the task that YTO itself has talked about many times) before it can work towards the goal of 30. At present, YTO wants to accelerate internationalization, can the late-mover effect obtained from sponsoring major sports events in 2023 make "YTO" have a great premium ability in 2024, and when will the resonance effect between YTO International, YTO Express and YTO Airlines be formed?
The head of Yuantong is Yu Huijiao
In 2024, YTO will promote lean production to empower the whole network, deepen innovative marketing models, create differentiated products and service systems, promote the integration of the whole network with digitalization and standardization, and improve the operating strength and profitability of the whole network.
Next, we should adhere to the cross policy of "safety, speed, convenience, reliability, and technology", adhere to the path of high-quality development, actively give back to the society, and strive to practice the concept of "serving the society and strengthening the enterprise for the country", help the all-round development of all walks of life and front-line employees, and realize the good wish of "making YTO smarter, making employees happier, and making life more exciting".
In the first quarter of 2024, the express delivery business volume was 5.568 billion pieces, a year-on-year increase of 24.88%, and the operating income was 15.427 billion yuan, a year-on-year increase of 19.46%; net profit was 943 million yuan, an increase of 4.14%.
YTO said that the company will strengthen the interaction between the company and investors, establish a good image of the capital market, and create greater value for shareholders and investors.
Income structure
The actual controller is Yu Huijiao Zhang Xiaojuan
"Holding platform" liquidation
As of the end of 2023, the YTO shareholding platform "Shanghai Yuanyue Investment Management Partnership (Limited Partnership)" sold 27.43 million shares, which is no longer in the list of shareholders.
$80 million in foreign exchange hedging
YTO Express announced that it intends to use its own funds with an aggregate of no more than US$80 million (or equivalent in foreign currency) to carry out foreign exchange hedging business, and the aforesaid transaction quota can be jointly used by the company, its wholly-owned subsidiaries and holding subsidiaries, and the quota is valid for 12 months from the date of approval by the board of directors.
The number of franchisees decreased by 92
By the end of 2023, YTO Express's express service network covers 31 provinces, autonomous regions and municipalities directly under the central government, with full coverage of cities above the prefecture level, with a coverage rate of 99.89% in cities above the county level, 5,071 franchisees and more than 82,000 terminal stores, 73 self-operated hub transfer centers nationwide and 238 sets of automated sorting equipment, and nearly 7,500 trunk transport vehicles in the company's entire network, including 5,354 self-owned trunk transport vehicles.
As of the end of December 2022, the company has 5,163 franchisees and more than 80,000 terminal stores nationwide.
The company has 5,306 vehicles and a fleet of 11 aircraft, including 2 Boeing 767-300 and 9 Boeing 757-200.
The number of its own aviation fleet is 13 aircraft
Up to now, the number of its own aviation fleet is 13, including 2 Boeing 767-300s, 10 Boeing 757-200s, and 1 ARJ21-700. During the reporting period, the company opened and operated more than 30 cargo routes, including Guangzhou = Delhi, Hangzhou = Dubai, Ningbo = Hanoi, Ningbo = Bangkok, Nanning = Lahore and Hangzhou = Dhaka, and has opened more than 130 high-quality routes covering the whole of Asia and the core regions of Eastern Europe. The company has further expanded the customs clearance network by means of self-construction, cooperation and alliances, and completed the construction of customs capacity in major domestic ports and some key international ports, and the customs clearance network has basically covered the main ports in the country, and the customs clearance system is becoming more and more mature, which can provide accurate and efficient customs clearance services for customers in multiple formats.
Shareholding and salary of directors, supervisors and senior executives
In 2023, directors, supervisors and senior executives will hold shares
The salary is 14.06 million, and Yu Shilun's salary is 972,700
Wang Lifu, chairman of the board of supervisors, has the highest salary
The data shows that Yu Huijiao and Zhang Xiaojuan still do not receive remuneration, Pan Shuimiao's salary is 1.254 million, which remains unchanged, Yu Shilun's salary is 972,700, Wang Lifu, chairman of the board of supervisors, is 1.312 million (2022 salary is 328,300), Ge Chengjie's salary is 1.2875 million (326,600 in 2022), Peng Ke's salary is 1.2035 million (341,400 in 2022), and Wang Yong's salary is 932,700 (250,700 in 2022)
2022 directors, supervisors and senior executives shareholding and salary
Ge Chengjie is the director, and Tong Zhiwen is the vice president
Ge Chengjie, male, born in March 1982, Chinese nationality, no right of permanent residence abroad, master's degree. From February 2007 to January 2010, he served as the director of the system integration department of Hanli International Microelectronics (Hangzhou) Co., Ltd., from January 2010 to July 2015, he served as the director of the system integration department of Shangshang Energy Technology (Hangzhou) Co., Ltd., since July 2015, he has successively served as assistant to the chairman, assistant to the president, vice president, general manager of the science and technology productivity center and general manager of the operation center of YTO Express Co., Ltd. since July 2015, and vice president of the company since October 2022.
Tong Zhiwen, male, born in June 1987, Chinese nationality, no right of permanent residence abroad, bachelor degree. From July 2009 to July 2022, he served as the director of human resources, senior director and vice president of the group at Deppon Logistics Co., Ltd., the head of the planning department and terminal operation department of JD Logistics and the senior director of JD Group from August 2022 to July 2023, and the vice president of YTO Express Co., Ltd. since July 2023.
4.5 billion funds for entrusted financial management
On April 25, 2024, YTO Express held the 10th meeting of the 11th board of directors and deliberated and passed the "Proposal on the Use of Own Funds for Entrusted Wealth Management", agreeing that the company will use no more than 4.5 billion yuan of its own idle funds for entrusted financial management, and the entrusted financial management period will be within 12 months from the date of deliberation and approval of the board of directors.
YTO provided a HK$1.4 billion counter-guarantee to Alibaba to support the high-end logistics centre project at the Hong Kong International Airport
In order to continue to support the business development of Hong Kong Qingsha Investment Management Co., Ltd. (hereinafter referred to as "Qingsheng Investment"), the main body of the construction of the high-end logistics center development project of Hong Kong International Airport, and to meet the capital needs of its project operation, YTO Express Co., Ltd. (hereinafter referred to as "YTO Express"), a wholly-owned subsidiary, intends to sign a "Repayment Agreement" with Alibaba Group Services Limited, according to the 14% indirectly held by the company in Qingpian Investment The equity interests represent the total 65% equity interest directly or indirectly held by the Company and Alibaba Group Holding Limited (hereinafter referred to as "Alibaba Group") in the aggregate amount of HK$1.4 billion and the accrued interest thereon.
Labor outsourcing paid 3 billion yuan
In 2022, the remuneration of labor outsourcing will be 2.44 billion
18% reduction in cash flow
Debt ratio: 32%
Expenses and Operating Costs
Audit fees
R&D investment is 220 million
Internationalization goals
Actively promote the implementation of the international development strategy, steadily expand the global network layout, comprehensively upgrade the international product system, extend the international cross-border product service link, and focus on the development of international express, supply chain and other services. The company will gather advantageous resources, build a professional talent echelon for international business, and accelerate the expansion of global network coverage, improve overseas network layout, and build overseas transshipment platforms through self-construction and self-operation, strategic cooperation, etc., and will develop multimodal transport, combined with the advantageous transportation capacity of YTO Airlines and China-Europe trains, enhance the company's key resource control and bargaining power, strengthen international warehousing, trunk transportation, customs clearing, local self-dispatch and other capacity building, and create cross-border logistics full-link products and services to "ship the world, send the world" For the purpose of helping China's e-commerce, hand in hand with Made in China to go global, and actively bring in, and gradually provide customers at home and abroad with convenient customs clearance, excellent timeliness, stable service integrated logistics services, and achieve international and domestic integration and symbiosis, sustainable and healthy development, build an international supply chain network ecological community of destiny, create global supply chain integration, and enhance the company's global comprehensive service capabilities.
YTO Express said that the company is positioned as an express delivery platform for Internet information technology, and is committed to becoming the world's leading comprehensive express logistics operator and supply chain integrator. Firmly deepen the main business of express delivery, continuously expand and consolidate the express service network, improve the domestic and international comprehensive service system, and promote comprehensive digital transformation and intelligent development, focus on enhancing brand value and premium, and focus on improving service quality and customer experience. Based on e-commerce express delivery, the company strengthens the deep integration with scientific and technological innovation and other resources, enhances the professional ability of talents, systems and networks, improves the multi-level product system, creates high-quality and high-efficiency differentiated products and services, and continues to increase R&D investment, enhance the company's scientific research strength, build a logistics information sharing system, promote the digitalization, intelligence and automation of the company's operations, build a smart YTO with technology and information technology as the main driving force, and comprehensively improve the company's comprehensive service capabilities.
Express ecosystem
It has been settled on the following platforms
Snowball | Straight flush | Oriental Fortune | Futu |
Weibo | Today's headlines | Zhihu | Penguin
Tik Tok | Xiaohongshu|Kuaishou|Video number|Himalayas
Twitter|ins|YouTube|Station B
Recently, the stock market continues to fluctuate, some criminals illegally make profits, harming the legitimate rights and interests of investors, I will increase the supervision of trading behavior, enrich the means of clue screening, make overall arrangements for special verification, strengthen the "penetrating" transaction monitoring, use multi-dimensional technical means to collect market intelligence, and carry out joint research and judgment with the Ministry of Public Security, and find a number of cases suspected of manipulating the market and malicious shorting.
An illegal gang controlled more than 100 securities accounts to manipulate a certain stock, used continuous pulling, reverse trading and other methods to affect the stock price, and then waited for the opportunity to clear the stock and smash the shipment, resulting in a flash crash and continuous decline in the price of individual stocks, with a total of 2.7 billion yuan sold and an illegal profit of about 130 million yuan.
The actual controller of an investment institution manipulated the prices of more than 20 stocks by suppressing stock prices, absorbing chips at a low level, and continuously pulling up, resulting in rapid fluctuations in the prices of individual stocks, and even extreme markets such as "sky flooring" within a day, from which the transaction illegally profited 140 million yuan.
A certain lawbreaker took advantage of his capital advantage and used hundreds of millions of yuan to frequently make false declarations for many futures products on the futures exchange, creating a false impression of trading, deceiving other investors, and taking the opportunity to sell them for a profit of more than 4,000 yuan.
The China Securities Regulatory Commission (CSRC) insists on responding quickly and resolutely investigating and dealing with illegal acts that affect the stable operation of the stock market and harm the legitimate rights and interests of investors.
Manipulating the market to maliciously short-sell, seriously eroding the people's "money bags", has stood on the opposite side of all stockholders, disrupting the normal rhythm of the healthy and stable operation of the stock market. The China Securities Regulatory Commission will maintain a high-pressure posture of "zero tolerance", resolutely crack down, and let those who dare to illegally manipulate and maliciously short sellers "go bankrupt and sit in prison". In this warning, don't defy the law and take the chestnut from the fire.
If you like this article, please share it with friends, and if you want more information, please follow me
The main target groups of the express ecosystem: (investors, private equity funds, brokerage institutions, local government decision-makers, express supervision departments, express logistics operators, media practitioners, express logistics upstream and downstream operators, franchise network owners, express logistics practitioners with an annual salary of more than 300,000 yuan.
illustrate
The publication of this article is for the purpose of conveying more information, which does not mean that it agrees with its views or confirms its description, and does not make any guarantee for its authenticity, accuracy, completeness and appropriateness of use.
Before buying and selling express logistics companies and upstream and downstream enterprises, take a look at the "express ecosystem" to avoid detours...