Anxun Logistics was exploded in arrears to the carrier

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21st Century Business Herald reporter Fei Xinyi reports from Shanghai

Both sides insist on their own opinions.

On November 29th, the blue V account @中城院重要案中心 stated that Gome Electric Co., Ltd. was filed with the Bankruptcy Court of Beijing No. Review started.

On the evening of December 1, Gome issued a statement: “As of now, we have not received any legal documents or inquiries from the judiciary to apply for bankruptcy.” Subsequently, the above-mentioned Blue V account stated, “Thank you for your attention. The matter is still being reviewed by the court, and we will inform everyone of the results in time!”

At the same time, a reporter from the 21st Century Business Herald received news from practitioners in the freight industry that Anxun Logistics under Gome and its subsidiaries owed more than 3 million yuan in freight charges to carriers in many places in Henan.

Yang Guohua, the person in charge of one of the carriers, told the 21st Century Business Herald reporter that the person in charge of Anxun Logistics told them that if there is money from the headquarters, they will try to repay it as much as possible, but it is still unknown when it will be paid.

Anxun Logistics was once a bright card played by Huang Guangyu to the outside world.

While changing the name of the Gome app to “True Happiness”, Huang Guangyu increased the momentum of self-built logistics network.

In November 2021, Gome Retail and Anxun Logistics signed a 900 million yuan convertible bond investment agreement. Gome Retail will subscribe for Anxun Logistics convertible bonds at an annual interest rate of 5%. The subscription period is as long as five years. year.

It was also during this period that Yang Guohua signed a one-year (November 2021 to November 2022) cooperation agreement with Anxun Logistics Company through a friend’s introduction, responsible for regional allocation and home delivery services.

Han Lei, the CEO of Anxun Logistics at the time, revealed to the outside world, “Anxun Logistics is still a logistics company that focuses on large-scale revenue, but Huang Guangyu has a long-term plan for it, positioning it as a logistics platform company. Anxun Logistics has an IPO plan. Currently It is in the stage of introducing strategic investment.”

It is not surprising that the e-commerce retail platform spins off its own logistics and goes public independently. In May of that year, JD Logistics (2618.HK) was the first to be listed on the Hong Kong Stock Exchange, and its market value once exceeded HK$290 billion; in the same month, Gooday Logistics, a subsidiary of Haier, also submitted a prospectus application draft to the GEM.

In January of this year, Zhang Jingxing, general manager of investor relations at Gome Retail, said at a global investor conference call on the progress of the “Home Life” strategic business, “The third-party business ratio of Anxun Logistics has reached more than 48%, and the total storage area exceeds 5 million square meters. Mi, already has independent listing qualifications.”

The change occurred from July to August, which is the time point of the 18-month target that Huang Guangyu previously said.

On July 21, Gome Retail announced the suspension of trading. On the evening of August 22, Gome Retail held an investor communication meeting on major acquisitions and the resumption of trading on the Hong Kong Stock Exchange, and announced a series of business restructuring and asset injection plans.

The “packaging” of Anxun Logistics into Gome Retail also means that the previous independent split plan has been suspended.

Yang Guohua told the 21st Century Business Herald reporter that the operating conditions of Anxun Logistics also began to deteriorate after July this year.

Taking July as an inflection point, “From July onwards, the person in charge of the local Anxun logistics in Zhengzhou has been saying that the headquarters has no money, and the freight for the next few months has not been paid.” In addition, the number of orders began to decline significantly. There are orders, but they have gradually decreased, and now there are no more orders.”

Yang Guohua showed the 21st Century Business Herald reporter the balance reconciliation letter with Anxun Logistics.

At present, Anxun Logistics and its subsidiaries are still in arrears with Yang Guohua’s company for five months (July to November) of freight, information fees and delivery and safety integration fees, totaling more than 1.37 million yuan. According to his knowledge, the carriers in Jiaozuo and Kaifeng were owed more than 470,000 yuan and 1.5 million yuan respectively.

According to the financial report, as of the first half of this year, Gome Retail’s total liabilities reached 58.567 billion yuan. Among them, accounts payable and notes payable were 14.437 billion yuan, and bank loans and other loans to be repaid within one year reached 24.775 billion yuan.

In addition, Gome Retail announced the “Profit Warning Announcement” and “Profit Warning Supplemental Announcement” on October 21 and 28 respectively. It predicts that the cumulative sales revenue in the first three quarters of this year will decline by about 55% to 60% compared with the same period last year, and it is expected that the group’s annual performance in 2022 will decline sharply compared with last year.

It also stated, “As of September 30, the group’s overdue loans were about 3 billion yuan. The group is actively discussing with relevant banks and financial institutions to modify the loan terms or extend the loan period in order to reach a repayment arrangement agreed by both parties.”

At the end of November, Yang Guohua came to Zhengzhou from Anyang and asked Anxun Logistics for the arrears. On the same day, Zhengzhou had its first snow this winter. (At the request of the interviewee, Yang Guohua changed his name)

(Author: Fei Xinyi)

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