Prolto(SZ:002769)2022-12-08 03:16Company Overview - Shenzhen Pulutong Supply Chain Management Co., Ltd. was established in 2005 with a registered capital of 74 million yuan and currently has 8 subsidiaries [1] - The company focuses on supply chain and logistics services, including procurement agency, distribution execution, customs clearance, inventory management, international logistics processing, and value-added information services [1][2] Business Model - The company integrates various basic services into a comprehensive solution to enhance the overall value and efficiency of clients' supply chains [2] - Key services include customs declaration, bonded transportation, domestic distribution, warehousing management, VMI management, and international settlement [2] Financial Performance - From 2012 to 2014, the total profit was 54.976 million yuan, 61.192 million yuan, and 124.875 million yuan respectively [2] - The value of goods handled was 1,196,492.86 million yuan, 2,134,326.58 million yuan, and 3,799,845.47 million yuan, with a compound annual growth rate of 78.21% [2] - The company has seen a steady increase in gross profit margin and net profit, with earnings per share rising annually [2] Strategic Development - The company aims to expand its business in financing leasing, nationwide customs network construction, and cross-border e-commerce services [3] - Future growth is expected to come from the medical device industry, which is projected to grow rapidly over the next five to ten years [3] Competitive Advantages - The company emphasizes customer-centric service, aiming to meet client needs efficiently and cost-effectively [4] - It has established a strong reputation in the industry, being recognized as one of the top private enterprises in Guangdong Province and holding the highest level AA certification from customs [2] Service and Revenue Structure - The company does not set specific targets for the proportion of transaction-based versus service-based revenue; it adapts to client needs [5] - Service fees can reach a gross margin of 70% or higher, while transaction-based revenue is recorded based on the value-added tax invoice amount [5] Future Outlook - The company plans to explore mergers and acquisitions to enhance its capabilities and resources [4] - It aims to maintain growth in the smartphone sector while also expanding into new business models and clients [3]