The Logistics Industry Has Achieved Favorable Policies &Nbsp; Three Obstacles Hindered Listing.

Recently, the general office of the State Council issued the opinions of the general office of the State Council on policies and measures to promote the healthy development of the logistics industry (hereinafter referred to as "opinions") to increase a series of policy support for the logistics industry. Because this policy has targeted to solve the restrictive conditions encountered in the current stage of the logistics industry, it is expected that China's logistics industry will usher in a new round of rapid development in the year 12th Five-Year.

Cui Yu, a consultant at IPO consulting of CIC, believes that Logistics industry To welcome the favorable policies, it will also spawn a batch of new logistics enterprises. According to the policy guidance function of the seventh "increasing investment in logistics industry" of the opinion, the expectation of logistics enterprises to the capital market will be greatly improved. However, due to the industry characteristics of the logistics industry, we can simply summarize three obstacles from the current IPO case of logistics industry.

Cui Yu pointed out that related party transactions have become the potential joint nodes of IPO in logistics enterprises. As part of the domestic logistics enterprises belong to the group internal stripping business, related party transactions become one of the important nodes of this part of IPO. According to the proportion of related transactions of IPO, which is divestiture by the well-known household appliance group in China, the proportion of related transactions is higher (more than 30%) due to the large internal performance of the group, resulting in IPO being denied.

In addition, the logistics industry is easy to cause due to the characteristics of the industry. Business mode Lack of impression of innovation. For example, in the logistics industry, orders transfer and project transfer belong to normal business contacts in the industry, but this will also result in hollow performance illusion, which leads enterprises to encounter the challenge of the enterprise's sustainable management ability in IPO, resulting in IPO failure.

In addition, logistics enterprises tend to rely too heavily on large customers, resulting in too much operating risk. This is directly related to the law of development of logistics enterprises. Most domestic logistics enterprises are easy to rely on large state-owned enterprises to develop in the early stage of development, leading to the rapid development of enterprise development, and excessive reliance on the performance of large customers, resulting in high operating risk.

Zhang Yanlin, research director of CIC, pointed out that logistics There are many cases in which the industry has been listed, and some enterprises have not seriously considered the characteristics of enterprise development before listing. Because there is no way to regulate the operation in the short term, it leads to the waste of IPO cost. Therefore, we suggest that some of the logistics enterprises who want to list will be able to make good use of the current policies and actively optimize the operation of enterprises so as to prepare for further IPO.

The 2011-2015 year China logistics industry investment analysis and prospect forecast report released by CIC pointed out that China's logistics industry will enter a higher level of development in the future and present some new development trends and characteristics. With the rapid and stable development of the national economy, the scale of the logistics industry will continue to expand rapidly. With the adjustment of the economic structure and industrial layout, the concentration of the logistics industry will further improve. With the continuous expansion of the logistics market, the division of labor in the logistics industry will become more and more detailed; the institutional environment for the development of the logistics industry will become increasingly standardized, and the market order and environmental conditions will be further optimized.