环世物流赴港上市，年营收超12亿美元，菜鸟创新工场等资本加持

Core Viewpoint - Huan Shi International Logistics Holdings Limited has submitted its listing application to the Hong Kong Stock Exchange, marking its entry into the capital market and signaling new growth opportunities for the logistics giant [1][6]. Company Overview - Established in 2003, the company provides comprehensive international logistics services, including international sea, air, and land transportation, chemical logistics, project logistics, cross-border e-commerce logistics, and warehousing services [1]. - The company has expanded its global presence with branches in various countries, including Thailand, Indonesia, India, Pakistan, UAE, Australia, the USA, Poland, Turkey, the UK, and Niger, supported by its international headquarters in Singapore [1]. Financial Performance - The company reported revenues of $2.06 billion in 2022, $776 million in 2023, and $1.25 billion in 2024, indicating a rebound in 2024 after a decline in 2023 [2][3]. - The gross profit margin improved from 7.7% in 2022 to 12.4% in 2024, reflecting enhanced operational efficiency [2][3]. - The company experienced a net profit of $2.05 million in 2022, a loss of $38.43 million in 2023, and a net profit of $5.16 million in 2024, demonstrating a strong recovery [3]. Capital Structure - As of December 31, 2024, the company held cash and cash equivalents of $115 million, providing a solid financial foundation for future growth [4]. - The company's shareholding is relatively dispersed, with the largest shareholder, Executive Director Lin Jie, holding 31.54% of the shares, while strategic investor Cainiao holds 29.34% [4]. Future Outlook - The upcoming IPO is expected to create new development opportunities for the company, allowing it to strengthen its leading position in the international logistics sector and enhance service quality for clients [6].