The information disclosed by the China Securities Regulatory Commission website on Friday (October 13) shows that the Securities Regulatory Commission has received the filing materials listed in Hong Kong on October 10th.
According to the surging news report, the rookie submitted a prospectus to the Hong Kong Stock Exchange on the evening of September 26, becoming the first business group to launch an IPO after the Alibaba Group after "1+6+N".The sponsor is Citi Bank, CITIC Securities, and JP Morgan Chase.
Cainiao was founded in 2013 by Alibaba Group and other partners. It was registered and established as the Group's holding company on May 20, 2015, and became Alibaba's subsidiary company in 2017.At present, it has developed into the world's largest cross -border e -commerce logistics service enterprise and leaders of domestic logistics services.
The growth of China's cross -border e -commerce and domestic e -commerce logistics market is one of the important factors affecting the performance development of Cainiao Group.According to Burning Consultation, the revenue of China's cross -border e -commerce logistics market is expected to increase at a compound annual growth rate of 18.5%, from 2023 (RMB, the same below, about S $ 1.13 trillion) to 202714 trillion yuan.The revenue of China's domestic e -commerce logistics market is expected to increase at a compound annual growth rate of 10.1%, from 1.22 trillion yuan in 2023 to 1.79 trillion yuan in 2027.
The prospectus shows that the revenue of Cainiao's revenue has increased year by year in fiscal year to fiscal year (as of March 31), which are 52.733 billion yuan, 66.867 billion yuan, and 77.8 billion yuan, respectively.The year -on -year increase in fiscal year in fiscal year increased by about 27%and about 16%, respectively. In the past three fiscal year revenue, a total of 197.4 billion yuan.
As of the first quarter of the fiscal year of the 2024 in June 30 this year, Cainiao's revenue was 23.164 billion yuan, a year -on -year increase of 34%.In the first quarter of 2024, revenue growth mainly stemmed from the growth of international logistics services and domestic logistics services.
Rookie's main business includes international logistics, domestic logistics and technology and other services.In the past three fiscal year, domestic logistics business revenue has been chasing, but international logistics business has still contributed to revenue.In fiscal 2023, the gap between the two business revenue was gradually narrowed, and the proportion of international logistics and domestic logistics revenue accounted for 47.4%and 46.2%, respectively.In the first quarter of fiscal year in fiscal 2024, Cainiao International Logistics increased by 41%year -on -year, from 7.901 billion yuan to 111.31 yuan, and the proportion of revenue also increased from 45.6%to 48.1%.
In terms of profits, the net losses of rookie in the past three fiscal years were 2.015 billion yuan, 2.286 billion yuan, and 2.801 billion yuan, respectively, with a cumulative loss of more than 7.1 billion yuan in three years.In the first quarter of fiscal year in fiscal year, Cainiao achieved a profit of reincarnation, with a net profit of 288 million yuan, a net loss of 370 million yuan in the same period last year.
The gross profit margin in the past three fiscal years was 10.5%, 10.7%, and 10.5%, respectively.In the first quarter of fiscal year in fiscal year, gross profit margin increased by 3.1 percentage points to 13.7%year -on -year.
At present, Cainiao's customers mainly include merchants and brands, e -commerce platforms, consumers and logistics companies from China and around the world.In the past three fiscal years and the first quarter of fiscal year, the revenue from the top five customers accounted for 34.4%, 34.8%, 32.3%, and 34.4%of total revenue during the period.
It is worth noting that the proportion of income from the largest customer Ali Group is about 30 %.In the past three fiscal year and the first quarter of the 2024 fiscal year, the proportion accounted for 29.2%, 30.8%, 28.2%, and 29.7%, respectively.
According to the announcement issued by Alibaba on September 26, the company intends to split the rookie by the Cainiao Co., Ltd. on the way of listing independently in the Hong Kong Stock Exchange.With more than 50%of the rookie's shares, Cainiao will still be Alibaba's subsidiary. Before spin, Ali held about 69.54%of the shares of Cainiao.Alibaba's unpacking group will continue to operate its existing main businesses, including Tao Tian Group, Ali International Digital Commercial Group, Yunshui Smart Group, Local Life Group, Great Entertainment Group, and other businesses. Except for the business operated by Cainiao Group.
