Lei Jianping on June 29
METRO Supply Chain Co., Ltd. (METRO Supply Chain) has submitted a prospectus to be listed on the Hong Kong Stock Exchange.
The annual revenue is 24.9 billion
METRO Supply Chain is a food FMCG supply chain solution provider that provides safe, high-quality products and efficient and convenient solutions to a wide range of corporate and institutional customers and retailers.
These solutions include: 1. Food service and distribution solutions; 2. Welfare gift solutions; 3. Retailer distribution solutions (including product sales and supply chain services to retailers).
During the Track Record Period, METRO's supply chain provided food service and delivery 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 delivery solutions for 100 METRO stores, 366 Wumart supermarket stores and 304 Wumart convenience stores. METRO Supply Chain combines Metro AG's quality assurance standards with local practices in China and develops METRO evaluation standards.
METRO Supply Chain has also established a product traceability system, a high-quality product portfolio featuring its own brands and imported goods, and a nationwide logistics network based on a distributed warehousing and processing model, and applied digital capabilities to all business segments of METRO's supply chain.
According to the prospectus, METRO's supply chain's revenue in 2021, 2022 and 2023 will be 27.8 billion yuan, 27.1 billion yuan and 24.9 billion yuan respectively; The gross profit was 2.519 billion yuan, 2.633 billion yuan and 2.656 billion yuan respectively.
METRO Supply Chain's operating profit in 2021, 2022 and 2023 will be RMB287 million, RMB677 million and RMB683 million respectively. The profit for the year was 332 million yuan, -471 million yuan and 253 million yuan respectively.
METRO's adjusted profit in 2021, 2022 and 2023 will be RMB108 million, RMB412 million and RMB430 million, respectively.
As of December 31, 2023, METRO Supply Chain held cash and cash equivalents of RMB527 million, compared to RMB1,864 million in the same period last year.
Zhang Wenzhong controls 73% of the shares, and Tencent is also a shareholder
The executive director of METRO Supply Chain is Xu Shaochuan, and the non-executive directors are Zhang Bin, Zhang Lumin, Meng Liang and Wang Yi. The independent non-executive directors are Wang Hang, Wang Xiaochuan and Dr. Ye Bangyin.
In 2020, Metro AG acquired METRO China's entity and began the synergistic integration of METRO China's and Wumart's supply chains. In 2024, METRO Supply Chain will sell its retail business to its controlling shareholder to focus on providing food FMCG supply chain solutions in China.
IPO前,张文中博士透过其控制的若干中间实体(即北京京西硅谷科技有限公司、北京中胜华特科技有限公司、物美科技、物美南方科技、RetailEnterprise、Wumei Holdings Limited、Wumart Stores Limited、Wumart HK及WM Innovation Limited)于我们的已发行股本中拥有约61.58%的权益。
此外，麦德龙供应由Digit Lab Limited（由张文中博士透过AZ Global Limited最终控制）及Foremost Way Limited（由张博士全资拥有）持有11.38%及0.35%。
Therefore, as of the Latest Practicable Date, Dr. Zhang Wenzhong owned approximately 73.31% of the issued share capital of the Company through the above intermediary entities.
IPO前，Rising Vista Holding、Robust Continent、Mighty Solution、Easy Joy Ventures、腾讯、Ultimate Lenovo、National Education、Mind Power Investments 、Radiant Skill、Market Guard、Hong Zhi (Holding) Limited、福州经济技术开发区兴睿和盛股权投资合伙企业（有限合伙）、北京丰金投资有限公司、柏源资产管理有限公司、兴广有限公司分别持股为1.55%。
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