“一带一路”赋能 | 2025年6月物流仓储暨基础设施投资发展报告

Group 1: Industry Overview - The warehousing index for May 2025 is at 50.5%, indicating a slight decrease of 0.2 percentage points from the previous month, but still within the expansion range, reflecting a stable and positive trend in the warehousing industry this year [4][8][10] - The logistics prosperity index (LPI) for May 2025 is 50.6%, down 0.5 percentage points month-on-month, with key indicators remaining in the expansion range, particularly in central and western regions [10][11] - The e-commerce logistics index for May 2025 is 111.6 points, showing a month-on-month increase of 1.1 points, with various sub-indices indicating growth in business volume and efficiency [11][12] Group 2: Policy and Market Dynamics - Three policy initiatives were recorded, with two related to cross-border e-commerce and overseas warehouse construction, emphasizing support for enterprises to explore new markets like the "Belt and Road" [12][13] - The logistics and warehousing market is experiencing regional differentiation, with demand in South China declining due to increased external uncertainties, while other regions like East and West China show resilience [15][16] - The average rental price for warehouses in 41 key cities is 23.67 yuan per square meter per month, reflecting a decrease, while the vacancy rate has risen to 14.88% [16][18] Group 3: Company Developments - ESR's privatization plan received overwhelming support with 99.97% approval, aiming to transform into a light-asset platform and optimize its balance sheet [6][25][26] - JD Group is accelerating its logistics capabilities, with the establishment of a "Smart Supply Chain Hub" in the Oriental Hub area, focusing on cross-border e-commerce and integrated logistics services [22][23] - 中银中外运 REIT is implementing a whole leasing model strategy, with a significant portion of its revenue derived from this model, and plans to distribute over 90% of its annual distributable amount as dividends [27][28][29]