Securities code: Hichain Logistics Co.Ltd(300873) securities abbreviation: Hichain Logistics Co.Ltd(300873)
Hichain Logistics Co.Ltd(300873) investor relations activity record
No.: 2022004
Investor relations ■ specific object research □ analyst meeting
Activity category □ media interview □ performance briefing
□ press conference □ site visit
□ roadshow activities □ others
Time: April 27 – April 29
Place online communication
Sinolink Securities Co.Ltd(600109) , China Europe Fund, BOCOM Schroeder, China International Capital Corporation Limited(601995) , Huatai Bairui, t Rowe rice (capital of Puxin investment participating unit), China Securities Co.Ltd(601066) , Kaishi fund, sunshine asset management, Wenyuan capital, Penghua capital, Ping An wealth management, guolian’an fund, Zhejiang Yingquan investment, Huabao trust, China Industrial Securities Co.Ltd(601377) , kuanyuan assets, rosefinch fund, CMB wealth management, Xiwa assets, Hangzhou Genxi Hiseas logistics fund
Investment and financing &ir director Yu Huang, financial director Wu Xiaowei, securities affairs representative Liang can, receptionist
Part I Introduction to the main contents of the company’s first quarter report in 2022
Part II: exchange and Q & A
Q1. What are the impacts on transportation and storage during the first quarter of the epidemic? Whether it has recovered since the second quarter will have a great impact on the operation of the whole year
A: affected by the epidemic, part of the company’s business was affected periodically. For example, in the first quarter, it was mainly Shenzhen and Hong Kong, and in the second quarter, it is now the Yangtze River Delta in East China. The main reason is that the transportation business is more affected by the epidemic, the warehousing business is relatively small, and the main reason is that the frequency of warehousing and warehousing operations is reduced.
The impact of epidemic prevention and control on the above businesses is partial and temporary. The business needs of customers and the market environment of investor relations services served by the company have not changed significantly and fundamentally due to the epidemic. The affected businesses are mainly delayed rather than disappeared. We believe that the epidemic will not have a significant impact on the business development of the company throughout the year.
Rong introduced that during the epidemic period, the company showed strong anti risk ability Hichain Logistics Co.Ltd(300873) is a comprehensive logistics enterprise providing integrated supply chain logistics services for the manufacturing industry. It has strong solutions in all links of productive supply chain logistics. The service market includes East China, South China, central China, Southwest China, overseas and other regions, and has fully covered most economically developed regions in China and Southeast Asian markets. The whole chain service, multi regional market, digital technology and flat management make the company have a strong ability to deal with external conflicts. In the face of emergencies in a single region and some logistics links, the company has the ability to formulate flexible schemes through rapid internal and external coordination to ensure the smooth logistics of customers and reduce the impact of extreme conditions on the business volume of customers and the company.
In the first quarter, while breaking through various difficulties and meeting the logistics needs of customers, the company also actively participated in the anti epidemic and supply guarantee work of local governments. At the invitation of the government, the company undertook the construction and operation of cross-border land freight connection stations in Guangming District in Shenzhen, undertook the transportation of some protest materials in Suzhou, and sent a team of volunteers to the front line of epidemic prevention and control. The company’s responsibility and competitive advantage can be better reflected in the crisis. Up to now, the public
The company has received written praise from many customers and local governments. High quality service not only brings good market reputation to the company, but also brings new business opportunities and new customers to the company.
Q2. Is the non recurring profit and loss in the first quarter sustainable
A: the first quarter is mainly non-governmental subsidies. Local governments will have corresponding support policies for business growth, scientific and technological innovation, investment in intelligent equipment, foreign trade promotion, etc. Since this year, the epidemic situation has been serious in various places, and some businesses of the company have been affected by the epidemic situation. At the same time, the company has also actively participated in the anti epidemic and supply guarantee work in various places. Therefore, the company also has the opportunity to obtain relevant government subsidies within the scope of the policy. In recent years, with the expansion of the company’s business scale and the strengthening of investment in scientific and technological innovation, the financial subsidies obtained have also increased significantly. However, the financial support policies are adjusted by local governments to a certain extent every year, which is uncertain.
Q3. The company had exchange gains and losses in the first quarter, and Countermeasures
A: some businesses of the company are settled in US dollars. In order to deal with the risk of exchange rate fluctuation, the company strengthens foreign exchange management on the one hand, studies the trend of exchange rate on the other hand, makes timely prediction, and uses the combination of financial products to comprehensively reduce exchange rate risk. In the first quarter, due to the exchange loss caused by the strengthening of RMB, it has been significantly improved with the strengthening of US dollar recently.
Q4. What is the gross profit margin of the company in the first quarter and the prospect of the whole year?
A: the gross profit margin in the first quarter of 2022 is basically the same as that in the same period last year. The main factors affecting the company’s gross profit margin are price, income structure, rent, labor, external transportation cost and so on. Affected by the epidemic this year, the increase of procurement costs, the decline of operation efficiency, the requirements of sealing, control and isolation, and the fluctuation of business volume have led to the increase of comprehensive costs. Therefore, on the one hand, according to the requirements of epidemic prevention and control and the changes of customer needs, the company quickly adjusts the transportation route and storage operation plan. On the other hand, the company continues to accelerate the speed of machine replacement through information and automation means, strive to reduce costs and increase efficiency, and enhance the handling capacity to deal with the business volume fluctuation caused by non planned events. Q5. How does the company judge the development of consumer electronics industry this year and its impact on the company
A: Based on the information of all parties since this year, after the rapid growth of last year, the consumer electronics industry is facing greater pressure this year, and the growth rate may decline. From the historical data, the growth rate of the company’s logistics services in the consumer electronics industry is generally higher than that of the consumer electronics industry itself. At present, the company has formed a comprehensive logistics service capacity of multi industry and full supply chain, and new industries, new customers and new service products will be expanded every year. Therefore, with the growth of the company, the impact of cyclical fluctuations in the consumer electronics industry on the business development of the company will be smaller and smaller.
Q6. New business of key customers and expansion of new customers in 2022
A: the company has established a good partnership with its main customers for many years. While accompanying the common growth of customers, it is also continuously improving service efficiency and service product types. In 2022, the company’s main customers have plans to put new production capacity into operation or increase production. During the severe epidemic in Shenzhen and Hong Kong in the first quarter, many logistics enterprises were unable to maintain operation. The company gave full play to its own advantages to ensure the transportation of customers’ goods, which has won a good reputation for the company,
Also get some new customers and new businesses; At the same time, the company’s automation integration business has expanded smoothly and new orders have been signed.
Overall, although China’s economy and supply chain were impacted by the epidemic in the first and second quarters, we still maintain confidence in the increase of business throughout the year.
Q7. Please introduce the situation of connectivity. Will it continue to expand in the future
A: connectivity is the SaaS software developed by the company to realize the whole process control, contact free management and error free operation of cross-border connectivity business. This software provides a public platform for business control and information sharing for the government, production enterprises, logistics enterprises, connection stations and drivers. Realize the closed control of the whole process and scene of cross-border trucks from entry, connection to exit. Since its launch, it has operated well and won unanimous praise from the government, enterprises and drivers. On the basis of ensuring epidemic prevention requirements and operation accuracy, it has improved the efficiency of cross-border connection operation. In the future, the connectivity software will continue to expand its functions and use specifications.
Q8. Applicable income tax rate of the company
A: the company shares in and controls more than 40 legal person companies, and all applicable tax rates are inconsistent. There are ordinary tax rates of 25%, as well as preferential tax rates for small and micro enterprises, high-tech enterprises and regional special policy enterprises. For details, please refer to the annual report.
Q9. Progress of Wujiang automated warehouse
A: it was officially put into operation in March 2022.
Other none
Date: May 4, 2022
