Core Viewpoint - Huan Shi International Logistics Holdings Limited has submitted an application for listing on the Hong Kong Stock Exchange, with CITIC Securities and China Merchants Bank International as joint sponsors [1]. Company Overview - Established in 2003, Huan Shi Logistics has become a leading cross-border integrated logistics service provider in China, leveraging its extensive overseas operational expertise [4]. - According to Frost & Sullivan, Huan Shi Logistics ranks first among private cross-border integrated logistics service providers in China and eighth globally in container throughput for 2024 [4]. Market Position - The company is positioned as a leader in the "Belt and Road" corridor, ranking first in the China-Middle East and Red Sea routes in terms of container volume among all operators [4]. - Huan Shi Logistics operates a global logistics network with over 6,000 cross-border routes, covering approximately 200 countries and regions [4]. Client and Service Metrics - As of December 31, 2024, the company has connected over 100,000 customers and suppliers through its digital platform, which features more than 100 visualization nodes for end-to-end logistics processes [6]. - In 2024, Huan Shi Logistics delivered 772,423 TEUs for approximately 26,000 diverse enterprises, covering a wide range of product categories [4]. Financial Performance - The company reported revenues of approximately $2.06 billion, $776.3 million, and $1.25 billion for the fiscal years 2022, 2023, and 2024, respectively [6][7]. - The net profit/loss figures for the same years were approximately $2.05 million, -$38.4 million, and $51.6 million, indicating a significant recovery in profitability by 2024 [6][7]. - The gross profit margin improved from 7.7% in 2022 to 12.4% in 2024, reflecting enhanced operational efficiency [7].

Core Insights - The article highlights the participation of Qiyun International Logistics at the Yangtze River Basin Cross-Border E-Commerce and New E-Commerce Expo, showcasing its logistics solutions for the Australian market as an Amazon SPN certified service provider [1][2]. Group 1: Logistics Solutions - Qiyun International Logistics focuses on logistics solutions for the Australian market, including FBA first leg, overseas warehouse transshipment, and local delivery services, emphasizing speed, stability, and wide coverage [2][3]. - The company offers various logistics products such as FBA sea and air freight services, overseas warehouse first leg transportation, and local delivery services, which help cross-border e-commerce sellers optimize inventory management and reduce logistics costs [3][4]. Group 2: Customer Recognition and Industry Impact - Customers expressed high recognition for Qiyun International Logistics' services, noting efficient delivery times, such as sea freight to Sydney's Amazon BWU warehouse taking 20 days and air freight taking around 5 days [4][6]. - The company has garnered attention from multiple cross-border e-commerce platforms, indicating potential for future collaborations, which reflects its comprehensive strength and service quality [6]. Group 3: Future Directions - Qiyun International Logistics aims to continue deepening its cross-border logistics services, enhancing its global warehousing and distribution network, and improving information management to provide better logistics services for cross-border e-commerce sellers [7][8].