红星冷链通过港交所聆讯 为中部地区最大的冷冻食品仓储服务提供商

Core Viewpoint - Hongxing Cold Chain is a provider of frozen food storage and rental services, integrating cold storage with retail leasing to connect wholesalers and retailers in the frozen food supply chain [2][3]. Company Overview - Established in 2006, Hongxing Cold Chain is headquartered in Changsha, Hunan Province, focusing on frozen food storage and store rental services [2]. - The company offers cold storage capacity and related management services to frozen food wholesalers and retailers, charging service fees for these offerings [2]. - Hongxing Cold Chain operates two self-owned frozen food storage facilities in Changsha, with a total designed capacity exceeding 1 million cubic meters (over 230,000 tons) and an average utilization rate of over 88% [2]. Market Position - In the frozen food store rental service market, Hongxing Cold Chain leases over 36,000 square meters of space, achieving a rental rate exceeding 94%, making it a core hub in Hunan's frozen food industry [3]. - According to a report by Zhaoshang Consulting, the frozen food cold chain service market in China consists of logistics, processing, and store rental services, with respective revenue shares of 34.1%, 65.3%, and 0.6% projected for 2024 [3]. - In Hunan Province, the market shares for logistics, processing, and store rental services are 37.1%, 62.5%, and 0.4%, respectively [3]. Financial Performance - For the periods ending June 30 in 2022, 2023, 2024, and 2025, the company reported revenues of approximately RMB 237 million, RMB 202 million, RMB 234 million, and RMB 118 million, respectively [4]. - The net profits for the same periods were RMB 79.1 million, RMB 75.3 million, RMB 82.9 million, and RMB 39.7 million, respectively [4]. - The company is the largest provider of frozen food storage services in Central China and Hunan Province, with market shares of 2.6% and 13.6%, respectively, and a national market share of 0.7% [3][4].