On December 12, the general office of the State Council issued the “14th five year plan” for the development of cold chain logistics. The plan puts forward the phased development objectives of cold chain logistics in 2025 and 2035. We should form a “four horizontal and four vertical” national cold chain logistics backbone channel network connected internally and externally. Encourage cold chain logistics enterprises to optimize and integrate resources, expand service network, cultivate leading cold chain logistics enterprises and improve market concentration through merger, reorganization and strategic cooperation. Expand the investment and financing channels of cold chain logistics enterprises, encourage banking financial institutions to increase financing support for qualified cold chain logistics enterprises and improve supporting financial services.
In recent years, the scale of China’s cold chain logistics market has grown rapidly, the construction of national backbone cold chain logistics base and cold chain facilities of origin and land sales has been steadily promoted, and the level of cold chain equipment has been significantly improved. In 2020, the scale of cold chain logistics market will exceed 380 billion yuan, the capacity of cold storage will be nearly 180 million cubic meters, and the number of refrigerated vehicles will be about 287000, which is about 2.4 times, 2 times and 2.6 times respectively at the end of the 12th Five Year Plan. A cold chain logistics service system integrating origin and sales, transportation and warehousing, and logistics and industry has been preliminarily formed. The service functions of cold chain logistics facilities have been continuously expanded, and the whole chain temperature control and whole process traceability have been continuously improved. The development of cold chain drop and hitch transportation and multimodal transport was accelerated. The customs clearance efficiency of cold chain logistics ports has been greatly improved, and the organizational capacity of international cold chain logistics has been significantly enhanced.
Ping An Securities pointed out that the development of cold chain logistics is highly related to national strategies such as high-quality life, rural revitalization, expanding domestic demand and healthy China. The food cold chain accounts for more than 90% of the scale of China’s cold chain logistics industry. In terms of food cold chain circulation rate, the cold chain circulation rate of fruits, vegetables, meat and aquatic products in the United States is more than 97%, the cold chain transportation rate of fruits, vegetables, aquatic products and other products in Japan is also more than 95% and 90%, and the cold chain circulation rate of meat and poultry has reached 100%, while that of fruits, vegetables, meat The cold chain circulation rates of aquatic products are 35%, 57% and 69% respectively. There is a big gap. Under the condition that the objectives of the 14th five year plan are successfully achieved, the cold chain logistics field will still maintain a relatively rapid development, and relevant enterprises still have sufficient development space. Many enterprises are expected to take advantage of the high-quality development opportunity of China’s cold chain logistics industry to become an industry giant with global influence. In terms of cold chain logistics, it is recommended to pay attention to S.F.Holding Co.Ltd(002352) , JD logistics and Sinotrans Limited(601598) ; In terms of cold chain equipment, it is recommended to pay attention to Qingdao Hiron Commercial Cold Chain Co.Ltd(603187) (cold chain commercial display cabinet) and Moon Environment Technology Co.Ltd(000811) (refrigeration equipment).
(Securities Times)
