Core Viewpoint - Shunyou Logistics has submitted its IPO application to the Hong Kong Stock Exchange to accelerate its global cross-border logistics business expansion, benefiting from the growth of the cross-border e-commerce industry in China [1][3]. Business Overview - Founded in 2008 by Yao Yun and Wang Haolin, Shunyou Logistics has established a comprehensive cross-border logistics service network, with significant growth in customer base from over 2,400 in 2022 to over 4,000 in 2024 [3][10]. - The company operates primarily in direct shipping logistics, which accounted for 96.1% of its revenue in 2024, facing competition from major international players like DHL and FedEx [9][10]. Financial Performance - Revenue for the years 2022 to 2024 is projected to be RMB 1.184 billion, RMB 1.506 billion, and RMB 1.522 billion, respectively, indicating a phase of growth, but profitability has fluctuated significantly [5][6]. - Gross profit increased from RMB 73.16 million in 2022 to RMB 157.8 million in 2023, then fell to RMB 102.23 million in 2024, with a gross margin of 6.2%, 10.5%, and 6.7% respectively [5][6]. - Net profit peaked at RMB 73.47 million in 2023 but is expected to decline by 40% to RMB 43.88 million in 2024, indicating a situation of "increased revenue without increased profit" [5][6]. Market Challenges - The company faces challenges due to the concentration of its business model, particularly with tightening U.S. tariff policies that suppress core market demand and increase operational costs [1][13]. - The U.S. has recently reinstated tariffs on low-value imports from China, which could further impact customer demand and operational costs for Shunyou Logistics [12][13]. Regional Revenue Structure - The revenue distribution shows a significant increase in North America, rising from 23.4% in 2022 to 37.1% in 2024, while other regions like South America and Asia have seen declines [11][12].

嘉诚国际（603535）在互动平台表示，公司将在全球跨境电商发达的地区及跨境电商消费者活跃的地方 设立海外仓，其中包括港澳、东南亚、日韩、美加墨等地。海外仓的功能包括快速发货、退换货、调 拨、保税功能(可进行转口贸易)、中转功能、运输资源整合功能以及拆包拼装功能。 ...

据港交所4月15日披露，深圳市顺友跨境物流股份有限公司(以下简称为：顺友物流)向港交所主板递交 上市申请，中信建投（601066）国际为其独家保荐人。按2024年的收入计，该公司在中国B2C出口电商 直发物流服务市场中排名第九。 据招股书，该公司是资深的跨境电商物流服务提供商，通过该公司在中国内地的根基及跨境物流网络赋 能跨境电商平台及跨境电商卖家。该公司成立于2008年，致力于提供一站式跨境物流服务，拥有庞大的 物流网络、阶梯式定价、多种配送时间选项及广泛的可运输物品覆盖面。该公司扎根于珠江三角洲地区 (中国内地最具活力的跨境电商地区之一)，并已于中国内地广东省深圳市、广州市及东莞市，浙江省义 乌市及宁波市，及江苏省苏州市，以及中国香港及美国开展业务。 根据弗若斯特沙利文的资料，约5,000名服务提供商参与中国B2C出口电商直发物流服务市场的竞争， 而按2024年的收入计，前10名参与者仅占总市场份额的21.9%。根据弗若斯特沙利文的资料，2024年为 特货设置的直发物流服务的市场规模佔中国B2C出口电商物流市场的约27.0%。根据同一资料来源，按 2024年为特货设置的直发物流服务的交易额计，该公司在中国 ...