On February 24, Alibaba group released the third quarter financial report of fiscal year 2022. Rookie's total quarterly revenue increased by 23% year-on-year to 19.6 billion yuan, and external revenue accounted for 67%, indicating that rookie's self operated logistics has been highly recognized and selected by the market with the steady establishment of its own logistics capacity.
The financial report shows that as Ali logistics infrastructure, under the formation of multi engine driven growth, rookie logistics is becoming one of the new engines driving growth.
industrialization, globalization, digital intelligence and logistics have been solidly promoted
Alibaba's latest financial report for the third quarter of fiscal year 2022 shows that the revenue in the third quarter of fiscal year 2022 is 242.58 billion yuan, with an estimated 244.91 billion yuan; The net profit was 20.429 billion yuan, a year-on-year decrease of 75%, and the market estimated 31.018 billion yuan. Alibaba's adjusted income per ads in the third quarter was 16.87 yuan.
As Alibaba's logistics infrastructure, rookies are becoming one of the new engines driving growth. In Alibaba's financial report for the third quarter of fiscal year 2022, the total revenue of rookie in the quarter increased by 23% year-on-year to 19.6 billion yuan, and the external revenue accounted for 67%. According to Alibaba's financial report, the growth of rookie logistics mainly came from the performance and value-added services provided to Chinese merchants and consumers, as well as the revenue growth from third-party merchants in cross-border and global services.
As consumers, we feel that it may be just rookie post stations and rookie wrapping. In fact, rookies also provide services to businesses around the world. Including China's smart supply chain; Internationally, global logistics capability is one of the significant advantages over Chinese express logistics companies; In terms of logistics park, it directly operates more than 10 million square meters of storage facilities in China and more than 3 million square meters of cross-border logistics warehouses.
Looking back on the growth position, in the nine-year development, rookies have carried out differentiated innovation and laid out multiple tracks in the logistics industry chain, which can greatly meet the multi business, full range and full link logistics support services serving Alibaba group and customers.
In terms of globalization, rookies have invested heavily in building a global intelligent backbone network, including logistics hubs, trunk lines, overseas distribution centers and the capacity of the last 1km. At present, rookies have set up ehub, a smart logistics hub in six major cities in the world, including Hangzhou, Hong Kong, Kuala Lumpur, Dubai, Moscow and Liege. Seven distribution centers have been built and put into use in Europe. 240 + trunk charter flights are invested every month to establish three-dimensional sea, land and air rail trunk lines; Cooperate with 50 + ports around the world in intelligent customs clearance system to bring second level customs clearance; Nearly 5000 groups of self built and self delivered cabinets have been invested in Spain, Russia, France, Poland and other countries.
In terms of industrialization, rookies firmly invest in their own logistics capacity-building and value creation. For a long time, rookies have been rooted in the industry, closely fit the logistics scene and customer needs, directly serve global businesses and consumers, promote cost reduction and efficiency, and improve user experience.
Global logistics capability is one of the significant differentiation advantages of rookies. According to Alibaba's financial report, the average daily cross-border package of rookies exceeded 5 million in this quarter, continuing to work side by side with international logistics giants. Rookie provides global package, international supply chain and freight services for Chinese and global businesses. Among them, "5 US dollars for 10 days" has covered 20 countries, and rookies also provide "2 US dollars for 20 days" and other services to help cross-border small and medium-sized businesses "send a cup of coffee to the world" to participate in international trade.
In China, rookie smart supply chain provides end-to-end supply chain services for businesses and brands; In the industrial belt, rookies go deep into the source of physical factories to provide Chinese factory directors with the ultimate cost-effective full custody service, so that 80% of packages can be delivered in 48 hours.
In 2021, the rookie post station has covered communities in more than 200 cities across the country, which is convenient for free storage and door-to-door delivery of packages; The number of rookie rural post stations has more than doubled year-on-year, covering nearly 50000 villages and towns in 29 provinces, which is convenient for express delivery to villages.
In digital intelligence, rookies highly integrate Internet technology and industry, and "fly close to the ground" logistics technology, so as to make solid technology and continuously create value for the logistics industry. Taking cross-border logistics as an example, rookies have cooperated with more than 50 ports around the world to establish an intelligent customs clearance system to achieve second-order customs clearance and bring seamless connection and circulation.
During the double 11 in 2021, more than 350 rookie unmanned vehicles delivered 2 million packages to the building in more than 200 colleges and universities across the country. This is the largest unmanned vehicle distribution cluster put into operation at the end of the country.
China Merchants Securities Co.Ltd(600999) pointed out that observing the financial performance of rookies in recent years, the operating revenue of each quarter maintained a positive year-on-year growth, showing great development potential among the head e-commerce logistics companies. According to the financial report of Alibaba group from 2020 to 2021, the rookie has achieved positive operating cash flow in December 2020.
external revenue is the main force
In recent years, the income of rookies from third parties has increased significantly. According to the third quarter financial report of fiscal year 2022 released by Alibaba, the total revenue of rookie in the quarter increased by 23% year-on-year to 19.6 billion yuan, and the external revenue accounted for 67%. It shows that with the steady establishment of its own logistics capacity, rookie self operated logistics has been highly recognized and selected by the market.
Jingdong Logistics, another logistics giant, also regards external revenue as the driving force of growth. From the historical data of external revenue, the proportion of external customer revenue of JD logistics from 2018 to 2020 was 29.9%, 38.4% and 46.6% respectively. As of June 30, 2021, this figure has reached 54.7%, which is still far from a greater breakthrough. The analysis shows that in the future, the head big companies will no longer be a simple competition of "market share" and "price", but a competition of industrial chain, whole scene products and even comprehensive logistics, which lies in value innovation.
Another logistics giant, SF, recently disclosed its annual performance forecast. In 2021 S.F.Holding Co.Ltd(002352) , it is expected to make a profit of 4.2 billion to 4.4 billion yuan, a year-on-year decrease of 40% to 43%. For the performance changes of the whole year, S.F.Holding Co.Ltd(002352) made explanations in the notice, including increasing resource investment to expand market share, rapid growth of low priced economic express products, continuation of the non closing policy of the Spring Festival for two consecutive years, etc. All of these have caused certain pressure on the company's overall profits, resulting in a "painful period" in the short term.
In fact, among private enterprises, rookie logistics is one of the few companies with global logistics service capabilities. In this quarter, rookie has more than 5 million cross-border parcels per day, becoming one of the four major international express delivery in the world and the only one in China's express logistics field to enter the top four in the world. Insiders in the logistics industry pointed out that SF's focus is still on the Chinese market, and the pace of going to sea has just begun to increase; In terms of JD logistics, compared with mature self operated warehouse distribution services, the global layout has not become the focus of investment.
China Merchants Securities Co.Ltd(600999) pointed out that the current scale of rookie's cross-border e-commerce logistics business is in the first echelon in the world. The strengthening of the trend of online consumption by the epidemic has brought new development opportunities for cross-border e-commerce logistics, highlighting the prospective layout of global logistics previously carried out by rookies. Rookies said that in the future, they will adhere to long-term ism, focus on industrialization, globalization and digital intelligence, consolidate the core competence of logistics and drive high-quality growth.
