安得智联正式向港交所递交上市申请

Company Overview - AnDe ZhiLian Supply Chain Technology Co., Ltd. has officially submitted its listing application to the Hong Kong Stock Exchange, marking a significant step towards entering the Hong Kong market [1] - The listing plan is sponsored by China International Capital Corporation and Morgan Stanley [1] Financial Performance - AnDe ZhiLian is the fastest-growing integrated supply chain logistics solution provider among the top five in China, with a projected revenue of 18.7 billion yuan and a net profit of 380 million yuan for 2024 [4] - The company has achieved a compound annual growth rate (CAGR) of 14.8% in revenue and 33.0% in net profit from 2022 to 2024 [4] Business Model - The company has developed a unique "1+3" supply chain model, which includes end-to-end logistics capabilities, production logistics, centralized warehousing and distribution, and integrated last-mile delivery solutions [4] - As of June 30, 2025, AnDe ZhiLian has served over 9,000 enterprise customers, managed over 11 million square meters of warehouse space, and has a vehicle fleet capacity of 586,000 [4] Industry Position - AnDe ZhiLian is recognized as the largest integrated supply chain logistics solution provider in the home appliance sector in China and ranks first among comprehensive integrated supply chain logistics solution providers [4] - The integrated supply chain logistics solution market in China is expected to grow from 3.1 trillion yuan in 2024 to 4.67 trillion yuan by 2029, with a CAGR of 8.5% [5] Strategic Development - The parent company, Midea Group, announced plans to spin off AnDe ZhiLian for a mainboard listing in Hong Kong to allow both entities to focus on their core businesses and enhance competitiveness [5] - The funds raised from the IPO will be used to expand domestic logistics services, develop international supply chain operations, and advance end-to-end digitalization through intelligent technology [5]