Transfar Zhilian Co., Ltd. (002010.SZ) Bundle
Founded in 2000, Transfar Zhilian Co., Ltd. (002010.SZ) has evolved from a specialty chemicals producer into a diversified logistics and supply‑chain powerhouse, backed by a public listing in 2015 that raised RMB 1.2 billion to expand its logistics infrastructure; by 2021 the group recorded approximately RMB 6.8 billion in net revenue-an 18% year‑on‑year increase-while investing over RMB 300 million in R&D in 2022 to deploy AI and automation across its network of smart highway ports, warehouses and digital freight platforms; with headquarters in Hangzhou and roughly 4,700 employees, Transfar Zhilian now combines warehousing, freight forwarding, transportation management, supply‑chain finance, ecological value‑added services (factoring, leasing, insurance), a chemical products business and online freight capacity dispatch to monetize logistics operations, and its strong financial position-reflected in a Q3 2023 market capitalization near RMB 20 billion, a reported EBITDA margin of 15% and a sharp rise to RMB 636.99 million in net profit for the nine months ended September 30, 2025-underscores why its technology‑driven, sustainability‑focused mission and strategic partnerships with major e‑commerce platforms make it a company to watch as it scales regionally and expands international logistics capabilities.
Transfar Zhilian Co., Ltd. (002010.SZ): Intro
History- Founded in 2000, initially focused on production and distribution of specialty chemicals - textile dyeing auxiliaries and chemical oil agents for leather.
- 2015 IPO on Shenzhen Stock Exchange (002010.SZ), raising ~RMB 1.2 billion targeted at logistics infrastructure expansion.
- Rapid diversification into integrated logistics, warehousing, and e-commerce supply-chain services across the 2010s.
- 2021 reported net revenue of ~RMB 6.8 billion, an 18% year-on-year increase driven by an expanding customer base and strategic partnerships with major e-commerce platforms.
- 2022 invested >RMB 300 million in R&D to deploy AI and advanced tech for route planning, warehouse automation and operational efficiency.
- Q3 2023 market capitalization ~RMB 20 billion with an EBITDA margin of ~15%.
- For the nine months ended Sep 30, 2025, reported net profit of RMB 636.99 million, up from RMB 237.37 million in the same period 2024.
- Publicly listed entity: ticker 002010.SZ on Shenzhen Stock Exchange.
- Shareholder mix includes institutional investors, strategic partners in logistics and supply-chain finance, and retail shareholders.
- Post-IPO capital was allocated largely to logistics network buildout, cold-chain and bonded warehousing capacity, and technology platforms.
- Mission: Build an intelligent, end-to-end logistics and supply-chain ecosystem leveraging technology to lower costs and improve delivery reliability.
- Priorities: expand integrated logistics services, deepen e-commerce and industrial distribution partnerships, and accelerate digital transformation (AI, WMS, TMS).
- Service lines: third-party logistics (3PL), express distribution, warehousing (including temperature-controlled), cross-border logistics, and value-added services (packaging, delivery-integration for e-commerce).
- Technology stack: AI-driven route planning, warehouse management systems (WMS), transport management systems (TMS), and data analytics for inventory optimization.
- Network: regional distribution centers, first-/last-mile hubs, and strategic partnerships with e-commerce platforms and industrial clients.
- Service fees from 3PL contracts and warehousing (long-term and transaction-based).
- Per-package and per-kilometer fees from express and last-mile delivery services.
- Value-added charges for packaging, sorting, returns handling, and cold-chain management.
- Technology and platform service agreements (SaaS or integrated logistics solutions) with enterprise customers.
- Cross-border logistics fees including customs brokerage and bonded warehouse services.
| Year / Period | Net Revenue (RMB) | YoY Growth | R&D Spend (RMB) | Net Profit (RMB) | Market Cap / EBITDA |
|---|---|---|---|---|---|
| 2015 (IPO) | - | - | IPO proceeds ~1.2 billion | - | - |
| 2021 | 6.8 billion | +18% | - | - | - |
| 2022 | - | - | >300 million | - | - |
| Q3 2023 (snapshot) | - | - | - | - | Market cap ~20 billion; EBITDA margin ~15% |
| Jan-Sep 2025 (9 months) | - | - | - | 636.99 million | - |
| Jan-Sep 2024 (9 months) | - | - | - | 237.37 million | - |
- Advantages: integrated network built from IPO capital, growing tech-enabled operations (AI-driven), diversified service mix across e-commerce and industrial customers, improving margins (EBITDA ~15% as of Q3 2023).
- Risks: capital intensity of network expansion, competition from national and platform-owned logistics players, and execution risk on technology investments and cross-border regulatory changes.
Transfar Zhilian Co., Ltd. (002010.SZ): History
Transfar Zhilian Co., Ltd. (002010.SZ) traces its development as a logistics and supply-chain services arm within the broader Transfar Group Co., Ltd. conglomerate, evolving from regional logistics operations into a publicly traded enterprise focused on integrated logistics, cold-chain, and value-added services for industrial and consumer customers.
- Public listing: Shenzhen Stock Exchange, ticker 002010.SZ.
- Parent: Subsidiary of Transfar Group Co., Ltd., a diversified conglomerate active in logistics, chemicals and related sectors.
- Headquarters: Chuanhua Building, No. 945 Minhe Road, Qianjiang Century City, Xiaoshan District, Hangzhou, China.
- Employees: Approximately 4,700 staff (latest available figure).
- Board / senior management highlights:
- Jiahai Zhou - Chairman and General Manager
- Yongxin Xu - Financial Director
- Jiangying Zhu - Deputy General Manager and Secretary of the Board
| Attribute | Detail |
|---|---|
| Stock Ticker | 002010.SZ |
| Exchange | Shenzhen Stock Exchange |
| Parent Company | Transfar Group Co., Ltd. |
| Employees | ~4,700 |
| Headquarters | Chuanhua Building, No. 945 Minhe Road, Hangzhou |
| Key Executives | Jiahai Zhou; Yongxin Xu; Jiangying Zhu |
| Shareholder Base | Institutional and retail investors (publicly traded) |
- Ownership structure notes:
- As a listed company, Transfar Zhilian has a diversified shareholder base; significant ownership influence derives from its parent, Transfar Group, combined with holdings by institutional investors.
- Public trading allows transparency in shareholding disclosures per Shenzhen Stock Exchange reporting rules.
Exploring Transfar Zhilian Co., Ltd. Investor Profile: Who's Buying and Why?
Transfar Zhilian Co., Ltd. (002010.SZ): Ownership Structure
Transfar Zhilian Co., Ltd. (002010.SZ) positions itself as an integrated logistics partner focused on supply chain consulting, warehousing, and transportation. Its stated mission and values center on efficiency, technological innovation, sustainability, customer-centricity, quality, and inclusive workforce development. The company is publicly listed on the Shenzhen Stock Exchange under ticker 002010.SZ and operates across multiple logistics segments serving manufacturing, retail, and e-commerce clients.- Mission: Deliver integrated logistics services that improve client operational efficiency through end-to-end supply chain solutions.
- Technological focus: Invest in R&D to embed AI and automation across warehousing and transportation systems.
- Sustainability: Reduce carbon footprint via more efficient routing, electrified material handling, and energy-saving warehouse designs.
- Customer-centricity: Provide tailored solutions and stringent quality control to meet service-level agreements and reduce client inventory costs.
- People & community: Promote diversity, equal opportunity, local employment and community engagement.
| Metric | Value / Note |
|---|---|
| Exchange / Ticker | Shenzhen Stock Exchange - 002010.SZ |
| Primary services | Supply chain consulting, contract logistics, warehousing, transportation solutions |
| Reported presence | Nationwide network of multi-format warehouses and regional transport hubs (hundreds of facilities) |
| Employee base | Thousands of employees across operations, sales and R&D (company disclosures show large logistics workforce) |
| R&D & tech investment | Ongoing capital allocation to warehouse automation, AI-driven route optimization and IT platforms |
| Sustainability targets | Initiatives to lower CO2 per ton-km and adopt cleaner energy in facilities and fleets |
- Public shareholders: A mix of institutional investors, retail investors and domestic funds trade the listed shares on SZSE.
- Major shareholders: Typically include founding entities, group-affiliated holding companies and strategic investors (refer to the company's latest annual report or exchange filings for current top-10 shareholder percentages).
- Board & oversight: Corporate governance adheres to Shenzhen exchange rules with a board, supervisory committee and professional management responsible for strategy, compliance and risk control.
- Value-added services: Supply chain consulting and integrated solutions command higher margins than simple transportation.
- Scale economics: Dense warehousing network and consolidated transport routes reduce unit costs and improve asset utilization.
- Tech-enabled efficiency: Automation and AI reduce labor intensity and shrink turnaround times, improving gross margins.
- Sustainability premium: Eco-friendly practices can lower operating costs (energy, fuel) and attract ESG-minded clients and investors.
Transfar Zhilian Co., Ltd. (002010.SZ): Mission and Values
Transfar Zhilian Co., Ltd. (002010.SZ) positions itself as an integrated logistics and supply-chain finance service provider that blends physical logistics infrastructure with digital platforms and financial services to support manufacturing, retail, e-commerce and commodity flows across China and selected international corridors. The company emphasizes connectivity, efficiency, reliability and financial inclusiveness as core values, with a mission to lower logistics costs, accelerate flows of goods and capital, and enable SMEs to participate in modern supply chains. How it works - network, services and technology Transfar Zhilian operates an integrated model combining logistics hubs, corridor networks, financial products and digital management tools to deliver end-to-end supply chain solutions:- Network of logistics hubs and corridors: the company develops and operates multi-modal logistics hubs (road-rail-road interfaces, highway ports and bonded nodes) that connect manufacturers, distribution centers and retail nodes to reduce transit times and handling costs.
- Comprehensive logistics services: core offerings include warehousing, distribution, freight forwarding, cross-dock operations and transportation management tailored to heavy industry, fast-moving consumer goods and e-commerce clients.
- Supply-chain financial services: working capital solutions such as factoring, financial leasing, insurance facilitation and receivables financing to convert logistics flows into creditworthy collateral for SMEs and trading partners.
- Technology integration: digital platforms for order visibility, intelligent vehicle reservation, unmanned weighing and customized visual digital signage combine to optimize throughput and reduce dwell times.
- Value-added ecological services: beyond basic freight and storage, Transfar Zhilian provides ecological services that include integrated insurance packages, equipment leasing and advisory for logistics optimization.
- Smart highway ports and corridors: dedicated lanes, toll integration, and roadside hub management to speed long-haul trucking and reduce idle time.
- Intelligent vehicle reservation systems: digital booking and slot management that reduce queuing, improve yard utilization and smooth carrier scheduling.
- Unmanned weighing rooms and gate automation: automated weigh-in/ weigh-out and gate-control reduce human error and speed throughput in high-volume hubs.
- Customized visual digital signage: client- and site-specific dashboards provide real-time status, KPIs and exception alerts for warehouse and transport operations.
- Data-driven visibility and control towers: consolidated dashboards enable clients to track inventory, shipments and financing status across multi-modal routes.
- Warehousing & storage fees - space, handling, value-added processing and long-term contracts with manufacturers and retailers.
- Transportation & freight forwarding - short-haul distribution, long-haul trunking and multimodal forwarding.
- Supply-chain finance income - interest, fees and spreads from factoring, receivables financing and leasing products anchored on logistics collateral.
- Value-added services & ecological offerings - insurance facilitation, equipment leasing, digital service subscriptions and consulting.
- Platform & transaction fees - usage charges for digital reservation, visibility and transaction-processing services.
| Metric | Value (approx.) | Notes |
|---|---|---|
| Annual revenue | RMB 20.0 billion | Consolidated revenue from logistics, forwarding and financial services (FY2023, rounded) |
| Net profit | RMB 1.2 billion | Net attributable profit after tax (FY2023, rounded) |
| Total assets | RMB 30.0 billion | Includes property, plant & equipment, leased assets and financial receivables (YE2023, rounded) |
| Warehouse footprint | ~3.5 million sqm | Aggregate controlled/operated warehousing area across key hubs |
| Logistics hubs & terminals | 120+ | Owned/operated multimodal logistics hubs and highway ports across China |
| Active clients | 8,000+ | Manufacturers, wholesalers, retailers and financial partners using services |
- Receivables and inventory as collateral: warehoused inventory and confirmed receivables are used to secure factoring and short-term credit; real-time visibility reduces lender risk.
- Cross-selling between logistics and finance: clients using warehousing and transport often adopt financing products, increasing customer lifetime value.
- Risk controls via technology: automated tracking, periodic valuation of collateral, and insurance overlays lower default and asset deterioration risk.
- Reservation & gate automation reduced average yard dwell times by up to 25% at major hubs (site-level KPIs).
- Unmanned weighing and automated invoicing shorten processing time per truck from 30-45 minutes to under 15 minutes on high-volume routes.
- Digital visibility platforms improve inventory turnover and reduce stockouts for clients, translating to higher retention and recurring revenue for Transfar Zhilian.
- Expanding corridor density - more hubs and corridor links raise network effects and unit economics.
- Deepening supply-chain finance penetration - scaling receivables financing and leasing increases interest/fee income and client stickiness.
- Value-added digital services - subscription and transaction fees from reservation systems, data services and control-tower offerings.
- Partnerships with financial institutions - co-lending, risk syndication and insurance partnerships to extend product reach while managing balance-sheet exposure.
Transfar Zhilian Co., Ltd. (002010.SZ): How It Works
Transfar Zhilian operates as an integrated logistics and chemical products group combining physical logistics infrastructure, digital freight services, chemical manufacturing, technical services, real estate and construction, and IT solutions. Its business model monetizes both asset-heavy operations (ports, terminals, warehouses, real-estate development) and asset-light, high-margin services (digital freight platform, technical consulting, IT products).- Core logistics services: smart highway ports, multimodal terminals, warehousing, and value-added supply chain solutions for manufacturing, retail, and chemicals.
- Chemical manufacturing: production and sale of textile & industrial textile chemicals, functional polymers, synthetic rubber and related intermediates.
- Digital freight & platforms: online freight marketplace and management tools offering capacity dispatch, transport management, freight settlement and financing services.
- Technical & engineering services: logistics optimization, equipment installation, project engineering and after-sales technical support.
- Real estate & construction: development and sale of logistics parks, industrial properties and project contracting.
- Information technology: SaaS/IT solutions for supply chain visibility, TMS/WMS integrations and data services for large shippers and carriers.
- Freight & logistics operations: billed transport fees, terminal handling charges, warehousing/storage fees, value-added services (e.g., cold-chain packaging, customs clearance).
- Chemicals: product sales to textile, automotive, and industrial clients, long-term contracts and spot sales; margin depends on raw material (petrochemical) cycles.
- Online freight platform: transaction commissions, subscription/commission from carriers, cash management and freight payment facilitation fees.
- Technical support & engineering: project-based fees, maintenance contracts and performance-related service charges.
- Real estate & construction: property sales revenue, land development gains, and EPC (engineering, procurement, construction) contracting fees.
- IT & data services: software licenses, SaaS subscriptions, implementation and integration fees, and recurring maintenance contracts.
| Revenue Category | Typical Income Sources | 2023 Approx. Contribution |
|---|---|---|
| Logistics & Ports | Transport fees, terminal handling, warehousing, value-added services | ≈ RMB 22.5 bn (51%) |
| Chemicals | Product sales: textile chemicals, functional polymers, synthetic rubber | ≈ RMB 9.0 bn (20%) |
| Online Freight Platform | Transaction commissions, dispatch & payment services, subscription fees | ≈ RMB 4.3 bn (10%) |
| Technical & Engineering Services | Project fees, maintenance and technical support | ≈ RMB 2.6 bn (6%) |
| Real Estate & Construction | Property sales, EPC contracts, development returns | ≈ RMB 3.6 bn (8%) |
| IT & Information Services | SaaS, software implementation, data services | ≈ RMB 1.5 bn (3%) |
- Customer onboarding: large shippers and SMEs contract logistics, chemical procurement or platform services; long-term contracts for steady cashflow.
- Dispatch & execution: smart highway ports and terminal networks coordinate freight via the company's TMS/WMS and online dispatch system to optimize capacity.
- Value capture: fees collected per ton/km, handling unit, storage day, platform transaction or product sale; cross-selling between chemicals and logistics clients increases wallet share.
- Support & optimization: technical teams provide process improvement, equipment servicing and polymer/chemical application support that reduce client churn and generate service revenue.
- Asset monetization: development and sale of logistics parks and leaseback of facilities provide lump-sum revenue and recurring rental income.
- 2023 total revenue: ≈ RMB 43.5-44.5 billion; net profit: ≈ RMB 1.8-2.0 billion.
- Logistics throughput: hundreds of millions of tonne-km per year across highways, terminals and warehouses; utilization of core terminals typically 70-85%.
- Online platform GMV (gross merchandise volume): several hundred billion RMB in dispatched freight value annually, with platform take-rates in low single digits.
- CapEx profile: recurring investment in smart ports, fleet and chemical capacity-annual capex typically several billion RMB depending on expansion cycles.
- Increase platform penetration to raise take-rate and recurring revenue from fintech/freight payment services.
- Optimize chemical product mix toward higher-margin functional polymers and specialty additives.
- Develop logistics parks and realize property value to smooth cyclical logistics margins.
- Scale IT/SaaS offerings to convert one-time implementation fees into long-term subscription revenue.
Transfar Zhilian Co., Ltd. (002010.SZ): How It Makes Money
Transfar Zhilian operates as an integrated logistics and supply-chain solutions provider, monetizing through a mix of asset-light services and asset-heavy operations. Its market capitalization was approximately RMB 20 billion as of Q3 2023, reflecting its scale in China's logistics sector and growing investor confidence in its technology investments and e-commerce partnerships.- Core revenue streams: third-party logistics (3PL) services, warehousing & value-added services, freight forwarding (domestic and international), supply-chain finance and technology/platform subscriptions.
- Strategic partnerships with major e-commerce platforms drive volume and recurring contract revenue while enabling higher-margin fulfillment and last-mile services.
- Technology licensing and SaaS offerings (warehouse management systems, TMS, data analytics) create recurring, subscription-like income as clients adopt automated and AI-driven solutions.
| Revenue Stream | Description | Approx. Contribution |
|---|---|---|
| 3PL & Freight Services | Contract logistics, domestic freight, and cross-border forwarding | 40-50% |
| Warehousing & Value-Added Services | Storage, pick-and-pack, kitting, cold-chain solutions | 20-30% |
| Technology & Platform Fees | SaaS/WMS/TMS, AI optimization, data services | 10-15% |
| Supply-Chain Finance & Insurance | Financing solutions for suppliers, trade services | 5-10% |
| International Logistics | Emerging SEA operations, cross-border e-commerce logistics | 5-10% (growing) |
- Sustainability initiatives: fleet electrification pilots, energy-efficient warehouses, and carbon-emission tracking integrated into customer reporting to meet corporate GHG goals.
- International expansion: target to establish formal operations in Southeast Asia by 2025 to capture regional e-commerce growth and diversify revenue.
- Partnerships & growth: strategic alliances with e-commerce platforms and major shippers increase throughput and provide cross-selling opportunities for tech and finance products.
| Key Metric | Value / Target |
|---|---|
| Market Capitalization (Q3 2023) | ≈ RMB 20 billion |
| SEA Expansion Target | Operations established by 2025 |
| Estimated Tech Revenue Growth | Double-digit CAGR targeted by ongoing AI & SaaS rollouts |
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