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China Post Technology goes public on SSE STAR Market
China Post Technology goes public on SSE STAR Market
|China Post News|2023-11-14

On November 13, China Post Technology Co., Ltd. (688648.SH) was successfully listed on the sci-tech innovation board of Shanghai Stock Exchange (SSE STAR Market), with China International Capital Corporation Limited and China Post Securities Co., Ltd. as joint sponsors.

According to its official website, China Post Technology Co., Ltd. (CPTE) is a leading provider of comprehensive solutions within the realm of intelligent logistics systems in China, engaging in research and development, design, manufacturing, sales and relevant service of intelligent logistics systems.

Nowadays, with its products and solutions widely deployed in many downstream industries, CPTE has accumulated a stable and high-quality customer base. Relying on its strong R&D and design capabilities, leading technology level, strict quality control and high-quality service, CPTE has established a stable partnership with its client companies, which include large domestic express and logistics enterprises, well-known e-commerce platforms and famous enterprises in other fields. Moreover, it has expanded its markets to Southeast Asia, Europe, Oceania, North and South America as well as Africa, and the map is still growing.

Customer recognition is the driving force for the continuous progress of CPTE. According to the prospectus, CPTE has won dozens of awards for outstanding partnership from its customers. Stable customer resources have enabled CPTE’s robust business development. CPTE generated operating income of 1.425 billion yuan (about 199 million US dollars) in 2020, 2.058 billion yuan (about 287 million US dollars) in 2021, 2.219 billion yuan (about 310 million US dollars) in 2022, and 846 million yuan (about 118 million US dollars) in the first half of 2023, with a three-year compound growth rate of 24.79 percent.

In recent years, CPTE has continuously optimized and upgraded its products, hence a consolidated leading position in intelligent logistics systems in China. While satisfying customers’ requirements for higher technical performance of its existing products, CPTE is gradually promoting the R&D of innovative products and related technologies based on the increasing demands for unmanned systems and the broadened application scenarios and in line with its new field expansion scheme, so as to enrich its product lines and meet the diverse needs of downstream customers. In terms of sorting systems, CPTE has extended its R&D and manufacturing of sorting equipment from single-layer loop sorters to linear sorters and multi-layer sorters, and further expanded its range and functions to oversized parcel sorters, heavy duty sorters, and modular NC (non-conveyable) sorters.

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