Donghai Logistics announced its cooperation with cargo.one, a digital platform for air cargo booking and marketing. This partnership marks an important step for Donghai Logistics in digital distribution. Cargo.one, established in Berlin, Germany in 2017, provides digital solutions for airfreight booking and marketing.
1. Donghai Logistics and cargo.one Partnership
The cooperation between Donghai Logistics and cargo.one is a significant move towards digitalization in distribution. Cargo.one offers a digital platform for airfreight booking and marketing. This partnership will enhance Donghai Logistics' capabilities in digital distribution, making it easier for customers to book and manage airfreight shipments.
2. Outlook for Donghai Logistics
According to the recently released annual report, Donghai Logistics expects a 46% to 66% increase in profit for the year 2021. The company continues to experience high-speed growth, and the financial department estimates a profit of RMB 34.65 to 39.4 billion. This positive outlook showcases Donghai Logistics' strong performance and growth potential in the industry.
3. Financial Performance
In the third quarter of last year, Donghai Logistics earned a profit of RMB 430 million, while this year's third quarter saw a profit of RMB 900 million. The fourth quarter of last year recorded a profit of RMB 650 million, and the estimation for this year's fourth quarter is RMB 1.3 billion. These figures indicate that Donghai Logistics is expected to achieve a profit of over RMB 3.7 billion for the whole year, with an earnings per share of RMB 2.
4. Response to Government Policies
Donghai Logistics actively responded to the government's call and provided rental exemptions of approximately RMB 22 million for small and micro enterprises during the pandemic. The comprehensive logistics solution sector saw a gross profit margin of 19.46%, reflecting a decrease of 26.68 percentage points year-on-year. Donghai Logistics' responsible approach to supporting small businesses and optimizing comprehensive logistics solutions highlights the company's commitment to social responsibility.
5. Future Prospects and Initiatives
Donghai Logistics aims to become a leading player in the aviation logistics industry. The company plans to raise RMB 2.41 billion through the capital market and allocate the funds for the construction of the Pudong Integrated Aviation Logistics Center. This initiative will further strengthen Donghai Logistics' position in the industry and contribute to its continuous growth and development.
In conclusion, the partnership between Donghai Logistics and cargo.one signifies an important step in the digitalization of distribution. Donghai Logistics' strong financial performance and commitment to responding to government policies are driving its growth in the aviation logistics industry. With its future initiatives and projects, Donghai Logistics is well-positioned for continued success in the market.