Logistics Industry Ushers in Spring Amid Favorable Policy Stimulus

2020-11-25 11:56

Business News: Stimulated by favorable news, the logistics sector collectively strengthened yesterday.

Analyst Xun Jian noted that the recently issued "Eight National Policies" for the development of the logistics industry will address issues related to the long-term development of the industry, such as "different taxes for the same industry" and "double taxation," by tackling them from two aspects: taxation fees and tax bases. This brings substantial benefits to listed companies engaged in warehousing, freight forwarding, and loading and unloading operations. He recommended China Storage & Transport Network Co., Ltd., which possesses abundant land resources.

Analyst Qian Liefei believes that in the future, attention can be paid to "capacity expansion" logistics companies, encompassing both horizontal and vertical expansion strategies. Horizontal expansion primarily involves the release of existing business capacity, including cross-industry and cross-regional replication of business models. Vertical expansion, on the other hand, involves providing more value-added services, extending the service chain, enhancing customer loyalty, and improving profitability. The core competitiveness of these companies lies in the transformation and innovation of their service models.