美的第10个IPO来了，海信15亿突击入股

Core Viewpoint - Midea's subsidiary, Ande Logistics, is set to go public in Hong Kong, marking a strategic shift from its initial plan to list in A-shares, aiming to enhance its international presence and brand recognition [1][2]. Group 1: Company Overview - Ande Logistics, established in 2000, has evolved into a leading integrated supply chain logistics solution provider in China, particularly in the home appliance sector [1]. - The company utilizes a unique "1+3" supply chain logistics model, integrating end-to-end logistics capabilities with three core solutions: production logistics, unified warehousing and distribution, and last-mile delivery [1][2]. Group 2: Financial Performance - Revenue figures for Ande Logistics are as follows: 2022 revenue was 14.173 billion RMB, 2023 revenue was 16.224 billion RMB, 2024 revenue is projected at 18.663 billion RMB, and the first half of 2025 is expected to generate 10.885 billion RMB [3][4]. - Net profits for the same periods were 215 million RMB, 288 million RMB, 380 million RMB, and 248 million RMB respectively [3]. - The majority of revenue comes from integrated supply chain logistics solutions, accounting for approximately 85.8% to 87.6% of total revenue from 2022 to 2024 [3][4]. Group 3: Market Position and Infrastructure - As of June 30, 2025, Ande Logistics will operate over 630,000 transportation routes, achieving 100% geographical coverage across approximately 2,800 districts and over 38,000 towns in China [2]. - The company's warehouse network includes 47 owned facilities, 436 leased facilities, and 17 managed facilities, totaling over 11 million square meters [2]. Group 4: Strategic Partnerships and Investments - To enhance its independence, Ande Logistics has entered into a strategic partnership with Hisense, focusing on AI applications and smart logistics [5]. - In a recent funding round, Hisense invested 1.52 billion RMB, acquiring a 22.03% stake in Ande Logistics, which is now valued at approximately 6.9 billion RMB [7][9].