Since 2017, the overall comprehensive prosperity index of the chemical industry has maintained a benign level above 100, and the industry as a whole has maintained a high outlook. The vigorous development of the chemical industry has directly spawned the business demand of the chemical logistics industry. According to the prediction of Guosen Securities Co.Ltd(002736) Economic Research Institute, the market scale of China’s chemical logistics industry will reach 1.8 trillion yuan by 2022, including 630 billion yuan of the third-party chemical logistics market, The penetration rate of third-party chemical logistics will rise to 35%. On April 29, 2022, yongtaiyun Chemical Logistics Co., Ltd. (hereinafter referred to as “yongtaiyun”), which is mainly engaged in cross-border chemical logistics supply chain services, was officially listed on the main board of Shenzhen Stock Exchange.
It is reported that yongtaiyun is a modern service enterprise mainly engaged in cross-border chemical logistics supply chain services. The company is committed to continuously integrating its own international chemical logistics service team, hazardous chemicals warehouse, hazardous chemicals transportation fleet, park integrated logistics service base and other internal service resources, as well as international shipping, customs service, third-party warehousing and fleet and other external cooperation resources. Through the “transportation and chemical” platform, the company provides customers with professional, safe and efficient services, including logistics scheme design, inquiry and space booking, tally service, domestic transportation Warehousing and storage, customs declaration and inspection, document service, port service, international shipping, logistics information monitoring and other full chain cross-border chemical logistics services.
At present, by setting up or acquiring branches and subsidiaries in Ningbo, Shanghai, Qingdao and Tianjin, yongtaiyun has established its own offline international logistics service team, which covers China’s major chemical industry clusters in East China, North China and central China and China’s major chemical import and export ports in Ningbo, Shanghai, Qingdao and Tianjin. At the same time, the company has also established logistics service companies in Hong Kong and the United States, Explore the layout of global international logistics service network.
At this stage, China’s chemical third-party logistics transportation market is relatively scattered. Private chemical logistics enterprises are facing great market competition from logistics subsidiaries of large chemical enterprises and central enterprise hazardous chemical logistics enterprises. They need to make full use of the current accumulated resources and service advantages to continuously expand their business scale and competitive strength. At present, Yongtai transportation has opened up the service chain including shipping booking, storage yard, road transportation and comprehensive logistics park services, formed a Wuxi Online Offline Communication Information Technology Co.Ltd(300959) integrated logistics supply chain pattern, and become a private comprehensive service-oriented enterprise in the logistics industry of China’s chemical industry.
However, with the increasing changes in the industry and the continuous expansion of the overall business scale of Yongtai transportation, the existing vehicles and personnel can no longer meet the growing transportation needs of the company. Moreover, the diversified and differentiated needs of customers accelerate the market competition pressure of the traditional logistics industry, forcing enterprises to accelerate business transformation and upgrading, and further consolidate their leading position in the industry.
According to the disclosure of the prospectus, the funds raised by Yongtai transportation are used for the upgrading and construction project of Ningbo logistics center, the “transportation chemical” one-stop visual logistics e-commerce platform project, the logistics capacity improvement project and the replenishment of working capital. Among them, the upgrading and construction project of Ningbo logistics center is the upgrading and reconstruction of the company’s own warehouse yard. The logistics transportation capacity improvement project is the expansion of the company’s existing transportation capacity and service projects. After the project is completed and put into operation, the company’s storage and transportation capacity will increase significantly, so as to provide strong support for the company’s one-stop supply chain services.
In addition, as a cross-border integrated logistics service provider, Yongtai transportation’s one-stop information platform construction, business security control and process optimization are particularly important. The “Yunhua chemical” one-stop visual logistics e-commerce platform project is an investment plan based on the company’s existing “Yunhua chemical” platform, combined with national industrial policies and Industry Development characteristics, and relying on cloud services and other new generation information technologies, It is one of the specific cases of the application of the new generation of information technology in the intelligent logistics industry. After the completion of the project, it will strengthen the company’s cost control ability, improve the company’s operation and management efficiency, and further enhance the company’s innovation and entrepreneurship ability.
Yongtaiyun also said that through the effective implementation of the established development strategy and on the premise of consolidating the advantages of the company’s existing fields, the company will increase its business layout in China’s chemical logistics market, take the market demand as the guidance, integrate the application of modern information technologies such as Internet, Internet of things and big data, and further improve the “one-stop” and “visual” chemical logistics service ability, Meet the increasingly personalized logistics service needs of customers, comprehensively improve the company’s market position and competitiveness, and improve the company’s profitability.
