New Stock News | GanYuan WeiKe Second Registry on Hong Kong Stock Exchange as the Leading Domestic Integrated Coal Logistics Service Provider

According to the disclosure on August 21 by the Hong Kong Stock Exchange, Qianyuan Weike Holdings Limited (Qianyuan Weike) has submitted an application to the Hong Kong Stock Exchange main board, with Agricultural Bank International as its sole sponsor. The company had previously submitted an application to the Hong Kong Stock Exchange on December 13, 2024. The prospectus shows that Qianyuan Weike is a comprehensive coal logistics service provider in China dedicated to providing reliable and high-quality services. According to information from Zhushi Consulting, the company is the leading non-long-term coal integrated logistics service provider in China, with revenue in 2024 being the largest in Shaanxi Province and the second largest in Northwest China, holding approximately 0.5% market share in the Northwest China region, while the other five major suppliers together hold 2.6% market share in the same market. By coordinating the upstream and downstream resources in the coal industry value chain, Qianyuan Weike provides various coal logistics and value-added services to support customer operations. Headquartered in Shenmu City, Yulin City, Shaanxi Province, this region has abundant high-quality coal reserves that can meet the needs of various downstream coal enterprises. In terms of industry, the market size of non-long-term coal logistics services increased from RMB 709.4 billion in 2018 to RMB 928.7 billion in 2023, with a compound annual growth rate of 5.5%. With stable growth in downstream market demand and continuous improvement in the value of non-long-term coal logistics services, it is expected that the market size will reach RMB 1,200.1 billion in 2028, with a compound annual growth rate of 5.4%. As of June 30, 2025, Qianyuan Weike has four integrated transport stations: the company's own Hongdong Haoqiang Integrated Transport Station; the leased Shiyaodian Integrated Transport Station; and two integrated transport stations that have flexible use agreements with operators of related integrated transport stations, namely the Shanmei Intelligent Logistics Park Integrated Transport Station and the Wuziwan Integrated Transport Station in Inner Mongolia. Through these integrated transport stations, Qianyuan Weike effectively covers more than 30 coal mines. In terms of finance, for the year 2022, 2023, 2024, and the six months ending June 30, 2025, Qianyuan Weike's revenues were approximately RMB 4.524 billion, RMB 3.738 billion, RMB 3.662 billion, and RMB 1.924 billion respectively; during the same period, the company's annual profits were approximately RMB 165 million, RMB 47.03 million, RMB 33.91 million, and RMB 23.41 million respectively.