Fangda shares are expected to increase by more than 49% in the first half of the year

On July 11th, Fangda (BJ838163, the stock price of 568 yuan, a market value of 716 million yuan) released the semi -annual preview of 2022. It is expected that the net profit attributable to shareholders of listed companies in the first half of 2022 is 23 million to 25 million yuan. A year -on -year increase of 49.64%~ 62.66%.

"Daily Economic News" reporter noticed that in the first half of 2022, the cumulative cumulative cumulative express delivery business in my country has slowed down significantly compared with previous years. The express industry is the downstream of Fangda's shares. Regarding the reasons for the growth of the first half of the year, Fangda's shares stated that the main reason was the production capacity investment and market development.

New capacity digestion risk

Fangda's main products are logistics express bags. In response to the growth of performance, Fangda shares said: "With the release of production capacity and the effective development of domestic and foreign markets, the year -on -year growth of domestic and foreign revenue increases and net profit growth."

According to Fangda's "Public Publishing Manual", in 2019, the production capacity of the company's backdoor bag, waterproof bag, bubble bag and variable information label was 63 million square meters, 19.724 million square meters, 3.6 million square meters, and 33.3 million. Square meter. However, in the subsequent annual report, Fangda shares did not announce the production capacity.

The fundraising project issued by Fangda at the time was the "variable information label production construction project". The project began construction in March 2022. According to the planning at the time, the trial production of the project must be 9 months after the start of construction. Essence Therefore, the release of Fangda's production capacity is also less likely to benefit from the construction of the project.

The annual report of Fangda Co., Ltd. showed that several projects under construction in 2021 were transferred to fixed assets, including label projects, new thermal line engineering, adhesives, supporting power engineering, printing machines and non -stop reciprocating recovery Roll machine.

In response to the outlook of production capacity, Fangda shares reminded the corresponding risk in the 2021 annual report. Fangda's shares said: "The newly -built fund -raising project has increased the production capacity of variable information labels after delivery. If it cannot be smoothly digested, new production capacity will be unable to digest the progress, investment returns, and economic benefits of the fundraising project will not affect."

The growth rate of the domestic express delivery industry slows down

The express delivery industry is the downstream of Fangda's shares. In the first half of 2022, my country's courier industry's growth rate slowed down.

According to data from the State Post Office, in the first half of 2022, my country's express delivery business volume is expected to exceed 50 billion pieces, about 3.6%year -on -year, and business revenue is expected to be close to 500 billion yuan, about 2.8%year -on -year.

Wind data shows that in the first half of 2019, the first half of 2020 and the first half of 2021, the number of express delivery business above the scale of my country was 27.759 billion, 33.88 billion, and 49.39 billion. 45.8%. In response to the development of the express delivery industry in the first half of 2022, Wang Yuehan, deputy director of the Three Deputy Director of the Business Research Center of the Development and Research Center of the State Post Bureau, analyzed at the press conference: "In the first half of the year, the epidemic had a greater impact on some eastern regions and first -tier cities. The business volume has declined significantly. The epidemic situation in the central region is relatively stable. The overall growth rate is expected to be more than 11%. Among the top ten provinces in business volume and the top ten provinces, 4 and 6 provinces are from central regions. "

It is worth noting that the domestic market accounts for only part of the revenue of Fangda's large shares, and its overseas revenue accounts for about 68.31%in 2021.

In response to the strategy of domestic and overseas markets, Fangda shares said: "In the future, the company will continue to expand the European and American market share on the basis of the original overseas market. ","

Looking forward to the development of the express delivery industry, Fangda shares said: "Pitney Bowes predicts that the global parcel transportation volume in 2026 may double to 266 billion pieces. The rapid growth of the global express logistics industry will bring express logistics application materials to express logistics application materials Great market demand. "

Daily Economic News

- END -