Buy fake Guinea-Bissau ID card【visit: hk965.com】【whatsapp:+852 92908202】【telegram:hz99888】Professional production of documents, including passports, visas, driver's licenses, ID cards, green cards, residence cards, various certificates, and utility bills Global shipping, safe and fast. Contact us if needed.,【Customized website: https://hk965.com】,【whatsapp:+852 92908202】【telegram:@hz99888】Buy fake Guinea-Bissau ID card,Buy fake Guinea-Bissau ID card. . . . . . . . MetroAnother Wumart company is rushing to be listed on the Hong Kong Stock Exchange.On June 28, Metro Supply Chain Co., Ltd. (hereinafter referred to as "Metro Supply Chain") submitted a listing application to the Hong Kong Stock Exchange, with UBS Group and China Merchants Securities International as its joint sponsors.According to the prospectus, Metro Supply Chain is China鈥檚 food fast-moving consumer goods supply chain solution service provider, providing safe, high-quality products and efficient and convenient solutions to a wide range of corporate and institutional customers and retailers, including food service and distribution solutions, welfare gift solutions, retailer distribution solutions and commodity wholesale.Metro鈥檚 supply chain provides food service and distribution solutions and welfare gift solutions to more than 52,000 and more than 88,000 customers respectively.As of December 31, 2023, Metro Supply Chain provided retailer distribution solutions for Wumart Group's 100 Metro stores, 366 Wumart supermarket stores and 304 Wumart convenience stores in China.Metro Supply Chain is another Wumart company aiming to be listed on the Hong Kong Stock Exchange.Zhang Wenzhong, the founder and controlling shareholder of Metro Supply Chain, first entered the retail industry in 1994 when he founded Wumart Technology.At the end of April this year, the multi-point DMALL "Multi-point Digital Intelligence" of the Wumart Department once again submitted its report and updated its performance data for 2023.Previously, application materials for listing in Hong Kong were submitted in December 2022 and June 2023 but became invalid.Three-year revenue is nearly 80 billion yuan, with revenue declining year by year but gross profit margin increasing year by yearIn 2021, 2022 and 2023, Metro's supply chain will achieve a total revenue of nearly 80 billion yuan, which are 27.82 billion yuan, 27.102 billion yuan and 24.858 billion yuan respectively.Among them, revenue in 2022 and 2023 will decrease by 2.6% and 8.3% respectively year-on-year.Financial data for the past three yearsAmong them, revenue in 2023 will decline year-on-year, mainly due to reduced revenue from retailer distribution solutions and welfare gift solutions.The year-over-year revenue decline in 2022 was primarily due to lower revenues from food service and delivery solutions and wholesale merchandise, partially offset by higher revenues from welfare and gift solutions.From an industry perspective, Metro鈥檚 supply chain competes in China鈥檚 highly fragmented food fast-moving consumer goods supply chain industry. According to Frost & Sullivan, the market share of the five largest food fast-moving consumer goods supply chain solution service providers is 0.8% in terms of revenue in 2023.According to Frost & Sullivan, in terms of revenue in 2023, Metro Supply Chain is China's largest group meal supply chain solution service provider, China's second largest business benefits and gift solution service provider, and China's second largest retail supply chain solution service provider.Specifically, in the past three years, retailer distribution solutions accounted for the highest revenue, accounting for about 60%.Revenues were 16.634 billion yuan, 16.414 billion yuan and 14.932 billion yuan respectively, accounting for 59.8%, 60.6% and 60.1% of the total revenue during these periods respectively.Segmented business revenueThe prospectus pointed out that the revenue of retailer distribution solutions fell 9% from 16.414 billion yuan in 2022 to 14.932 billion yuan in 2023, mainly due to the impact of Metro鈥檚 supply chain on Wumart Group鈥檚 products.Sales decreased. On the one hand, the number of Wumart Group stores decreased by approximately 15.0%. On the other hand, the strategic adoption of a membership mechanism temporarily affected the purchases of consumers who have not yet become members. In addition, as the public health incident gradually subsided, consumer demand generally showed a downward trend.Revenue from welfare and gift solutions decreased by 11.1% from RMB 3.936 billion in 2022 to RMB 3.498 billion in 2023, mainly due to the public health incident that caused customers (especially local government departments) to have relatively high demand for Metro's supply chain in 2022 to protect the well-being of local residents.In terms of profits, due to changes in the book value of redemption liabilities arising from the addition of preferred shares in the past three years, Metro's supply chain's adjusted net profit (non-IFRS measurement) totaled 950 million yuan, which were 108 million yuan, 412 million yuan and 430 million yuan respectively.Profit dataAmong them, Metro Supply Chain recorded an increase in the book value of redemption liabilities arising from preferred shares of 177 million yuan in 2023, compared with 883 million yuan in 2022. In 2021, the book value of redemption liabilities arising from preferred shares decreased by 224 million yuan.The change is due to the fact that the preferred shares are denominated in US dollars and the exchange rate of RMB against the US dollar fluctuates.Due to the above reasons, Metro鈥檚 supply chain will achieve net profits of 332 million yuan, -471 million yuan and 332 million yuan respectively from 2021 to 2023.Although revenue and net profit have fluctuated over the past three years, Metro's supply chain gross profit margins are 9.1%, 9.7% and 10.7% respectively.Among them, food services and distribution solutions have the highest gross profit margins, which are increasing year by year. They were 17.4%, 19.3% and 20.6% respectively in the past three years.Gross profit margin dataFounder Zhang Wenzhong is the major shareholder, and Tencent and Lenovo both hold shares. In the future, he plans to optimize infrastructure and own brandsMetro Supply Chain made a pre-IPO investment in 2020.According to the prospectus, before the IPO, there were many well-known institutions in the investor lineup, including Tencent, Lenovo, China Everbright Holdings, Anbang Group, etc.Specifically, before the completion of the IPO, Rising Vista Holding (Cayman) Limited held 10.86%, Robust Continent Limited held 0.43%, Mighty Solution Limited held 1.86%, Easy Joy Ventures Limited held 0.87%, Image Architecture Investment (Hong Kong) Co., Ltd. held 0.76%, Ultimate Lenovo Limited held 0.11%, and National Education HoldingLimited holds 0.33%, Mind Power Investments Limited holds 1.86%, Radiant Skill Limited holds 0.43%, Market Guard Limited holds 2.48%, HongZhi (Holding) Limited holds 0.21%, Fuzhou Economic and Technological Development Zone Xingrui Hesheng Equity Investment Partnership (Limited Partnership) holds 1.74%, Beijing Fengjin Investment Co., Ltd. holds 0.07%, Baiyuan Asset Management Co., Ltd. holds 0.22% and Xingguang Co., Ltd. holds 0.07%.Pre-IPO investment situationPre-IPO investment situationAmong them, Image Framework Investment (Hong Kong) Co., Ltd. is a wholly-owned subsidiary of Tencent.Ultimate Lenovo Limited is wholly owned by Lenovo Group Co., Ltd.Mind Power Investments Limited is wholly owned by Anbang Group Holdings Co., Ltd.Yaoyi Co., Ltd. is wholly-owned by China Everbright Venture Capital Limited, and ultimately by China Everbright Holdings Co., Ltd.In terms of major shareholders, before the IPO, Zhang Wenzhong owned approximately 73.31% of the issued share capital of Metro Supply Chain through intermediary entities.On June 12, 2024, the company was renamed Metro Supply Chain Co., Ltd.In 1994, the group began to use the Wumart brand for business operations.In 1996, the German multinational company Metro AG (a global Metro brand, except for the Metro China entity) entered China and began to use the Metro China brand for business operations.In 2008, the group's development focused on providing catering services and distribution business.In 2020, the group acquired the Metro China entity from Metro AG and began the collaborative integration of resources in the Metro China and Wumart supply chains.In 2021, the group launched its own brands, namely Yike and Maizhenxuan.Before the business reorganization, the group carried out retail business under the brands of Wumart and Metro China. In 2024, the group will sell the retail business to its controlling shareholder to focus on providing fast food supply chain solutions in China.The prospectus also pointed out that the company has tried to explore opportunities to establish a capital market platform in the past, and the company applied for shares on the main board of the Stock Exchange in March 2021.However, given the market conditions at the time, the company decided to prioritize refocusing its time and resources on business development and terminated the attempt.With the further realization of business development and the completion of resource synergy and integration after the business reorganization, the company believes that now is an appropriate time to seek listing on the Main Board of the Stock Exchange to introduce its business to a wider range of investors.As another Wumart company planning to be listed in Hong Kong, major customer Wumart Group maintains a close cooperative relationship with the Metro supply chain.Metro Supply Chain mainly provides retailer distribution solutions to Wumart Group鈥檚 Metro stores, Wumart supermarket stores and Wumart convenience stores.According to the prospectus, it has established business relationships with chain retailers in other regions in Hubei and Hunan (all independent third parties).In addition, it will also enter into a strategic alliance with CP Group (a multinational conglomerate operating in agriculture, e-commerce and other industries) in 2024.According to the prospectus, Metro鈥檚 supply chain customers include corporate and institutional customers as well as retailers.The revenue of the five largest customers will be 17.724 billion yuan, 17.53 billion yuan and 15.904 billion yuan respectively in 2021, 2022 and 2023, accounting for 63.7%, 64.7% and 64.0% of the total revenue in the same year respectively.In the past three years, the revenue from the largest customer Wumart Group was 17.097 billion yuan, 16.887 billion yuan and 15.405 billion yuan respectively, accounting for 61.5%, 62.3% and 62.0% of the total revenue in the same year.Five major customer informationHowever, among the risk factors in the prospectus, Metro Supply Chain pointed out that most of the revenue comes from major customers.or are unable to successfully maintain commercial relationships with them and their business and financial performance may decline, which could have a material adverse effect on the business, financial condition and results of operations.For future strategic development planning, the prospectus states that the funds raised from the IPO are expected to be used to strengthen supply chain capabilities; are expected to be used to develop new and differentiated products; are expected to be used to maintain and expand the customer base; are expected to be used to strengthen digitalization; are expected to be used to seize potential investment or acquisition opportunities to enhance the supply chain network and supplement the business; are expected to be used for working capital and general corporate purposes.In terms of supply chain network, Metro Supply Chain plans to optimize its infrastructure and plans to further upgrade its food processing capabilities and expand its logistics network by setting up new distribution centers and acquiring OEM manufacturers.Metro Supply Chain plans to set up four new fresh processing centers with warehousing facilities at key locations identified in Qingdao, Wuhan, Xi'an and Shenyang to improve coverage and distribution efficiency. It also plans to transform and upgrade existing warehousing facilities, increase investment in automation equipment, improve operational efficiency and save costs.鈥淪uccessful private brands and advantageous imported products will increase customer loyalty and bring more brand premiums.鈥?Metro鈥檚 supply chain also plans to continue to improve its own brands, improve food processing capabilities, and continuously strengthen the quality and price advantages of core categories.Utilizing Metro's global supply chain network, it plans to strengthen its own brand product portfolio in terms of imported goods, and also plans to strengthen product development and marketing of frozen products, snacks, alcoholic beverages, pastries and other product categories. According to the prospectus, Metro has two private brands, Yike and Mai Zhenxuan. The former aims to launch high-quality and price-effective products, usually in large packages, for the mass market, while the latter aims to launch high-quality and differentiated products.In 2023, Metro Supply Chain launched 47 new SKUs under Yike and 118 new SKUs under Mai Zhenxuan.In terms of non-private brand products, we provide a series of non-private brand products purchased from the place of origin or through local and overseas distributors, and directly purchase and purchase many products to reduce intermediate costs.Private brand situationIn addition, currently, Metro's supply chain has two central distribution centers, 16 regional distribution centers, four fresh food processing centers and 100 local fulfillment centers. The local fulfillment centers are located near 100 stores under the Metro brand.The prospectus noted that when suppliers are unable to fulfill purchase orders for certain commodities, Metro Supply Chain can reallocate inventory across the entire logistics network to address local shortages.