As a member of “Guanghui Department”, Guanghui Logistics Co.Ltd(600603) ( Guanghui Logistics Co.Ltd(600603) . SH) first disclosed the first issue of its 2021 annual report. Data show that the company’s performance fell by 30% over the same period last year. Although the company has made great efforts to promote the establishment of the main logistics industry, at present, the main revenue still comes from real estate.
performance decline
According to the data, the operating revenue of Guanghui Logistics Co.Ltd(600603) 2021 was 3.317 billion yuan, a year-on-year decrease of 24.51%, the net profit was 573 million yuan, a year-on-year decrease of 30.46%, deducting the non net profit of 511 million yuan, with a further decrease of 44.46%. The basic earnings per share at the end of 2021 was 0.48 yuan / share.
Specifically, Guanghui Logistics Co.Ltd(600603) ‘s property leasing business income is 804532 million yuan, commercial housing sales income is 3.152 billion yuan, factoring business income is 239302 million yuan, commercial management business is 14.588 million yuan and other businesses are 398027 million yuan. Although the company is called “logistics”, selling houses is still the main business of the company. In addition, the net cash flow from Guanghui Logistics Co.Ltd(600603) operating activities was 1.335 billion yuan, a decrease of 360 million yuan or 21.22% over the same period of last year. The monetary capital at the end of the period was 1.82 billion yuan.
Source: Announcement
During the reporting period, Guanghui Logistics Co.Ltd(600603) real estate development invested in 7 projects. The largest actual investment was Guanghui imperial garden, CBD and art museum projects in Chengdu Tianfu new area, with an investment of 392 million yuan. The land area of the project was 274000 square meters and the total construction area was 1316900 square meters. This project also has the largest sales area in 2021, with 709300 square meters sold. In addition, Yujin city in Tianshan District of Urumqi invested 313 million yuan, with a land area of 76400 square meters and a total construction area of 357400 square meters.
Source: Announcement
Source: Announcement
Of course, Guanghui Logistics Co.Ltd(600603) is also promoting the transformation of the main business. The company said that it would take the participation in the jiangnao railway project as the starting point, strive to promote the establishment of the main logistics industry and strategic transformation, and open the blueprint for future development. The jiangnao railway project (18.92% equity) was started in April 2021. It is expected to be completed in the third quarter of 2023 and reach the operation state. The project connects Afu Zhun railway and hongnao railway, opens up the large railway channel of the north line of the “Silk Road” and runs through the two national coal bases of “Hami Zhundong”, meets the outward transportation needs of coal, coal chemical products and electrolytic aluminum in Zhundong, Santanghu and Naomaohu mining areas, and becomes a new channel for materials from northern Xinjiang.
With the rise of the real estate sector on Friday (March 25), Guanghui Logistics Co.Ltd(600603) closed up by the limit, recording an increase of 10.14%.
Guanghui Department
Guanghui Logistics Co.Ltd(600603) is the controlling shareholder of Xinjiang Guanghui industrial investment (Group) Co., Ltd. (hereinafter referred to as Guanghui group), and the actual controller is sun Guangxin.
Sun Guangxin is well-known. According to Baidu Encyclopedia, sun Guangxin was born in Urumqi, Xinjiang in December 1962. His ancestral home is Pingdu, Shandong. In March 2022, sun Guangxin ranked 582 in Hurun’s global rich list with a wealth of 35.5 billion.
In a word, there is not only Guanghui Logistics Co.Ltd(600603) one listed company platform under sun Guangxin. Guanghui Energy Co.Ltd(600256) ( Guanghui Energy Co.Ltd(600256) . SH) and China Grand Automotive Services Group Co.Ltd(600297) ( China Grand Automotive Services Group Co.Ltd(600297) . SH) listed in 2000, and Guanghui Baoxin (01293. HK) of Luozi Hong Kong shares belong to “Guanghui system”. Among them, Guanghui Energy Co.Ltd(600256) is expected to realize a net profit of 4.9 billion yuan to 5.05 billion yuan in 2021, with a year-on-year increase of 267% to 278%, creating the best performance of Guanghui Energy Co.Ltd(600256) since its listing in 2000; It is estimated that the net profit in the first quarter of 2022 will reach 1.96 billion yuan to 2.06 billion yuan, with a year-on-year increase of 144% to 157%.
It should also be noted that as of March 18, the number of Pledged Shares of Guanghui Logistics Co.Ltd(600603) controlling shareholder Guanghui group and its concerted actors accounted for 70.62% of the total shares of the company and 32.22% of the total share capital of the company.
