欧宝体育

1. Introduction to the Project

1.1 Project background

1.1.1 Product introduction

The project is located in Hunchun City, relying on Hunchun’s unique geographical location and local industrial advantages to create a modern logistics distribution center park project. After completion, the park will attract well-known domestic and foreign logistics companies to settle in, forming a logistics network covering the whole country and even the world, becoming a regional logistics hub, providing efficient and convenient logistics services for surrounding cities and enterprises, and promoting the process of regional economic integration.

1.1.2 Market prospect

(1) Development status of modern logistics distribution centers

With the development of multimodal transportation, the integration of transportation infrastructure in logistics parks has achieved positive results. The report shows that 69.9% of logistics parks under construction and operation have highway entrances and exits within a 5-kilometer radius; Among the logistics parks under construction and operation, 49% of the parks have railway logistics bases, port terminals, airports and other freight hubs within a 5-kilometer radius.

From the perspective of regional distribution , the total number of logistics parks in the eastern, central, and western regions has increased. According to the Seventh National Logistics Park Survey Report, the total number of logistics parks in China is 2769, an increase of 8.5% compared to the 2553 surveyed in the sixth survey, and overall maintaining a stable growth trend. From a regional distribution perspective, the number of logistics parks in the eastern, central, and western regions has increased, with the western region experiencing the largest increase in the number of logistics parks, with a growth rate of 13.7%. The top three provinces in terms of the total number of logistics parks are Jiangsu, Shandong, and Henan.

In 2022, the 20th National Congress of the Communist Party of China set the strategic goal of building a socialist modern country in an all-round way and promoting the great rejuvenation of the Chinese nation with Chinese path to modernization. The 14th Five-Year Plan for the Development of Modern Logistics of the State Council outlines a grand blueprint for the construction of a Chinese style modern logistics system. China’s logistics industry has faced multiple pressures and has achieved overall stable operation. The total amount of social logistics for the whole year exceeded 340 trillion yuan; the total revenue of the logistics industry reached 12.7 trillion yuan, a year-on-year increase of 4.7%. The leading, fundamental, and strategic position of the logistics industry has been consolidated and enhanced.

Specifically, in 2022, the total amount of social logistics in China reached 34.76 trillion yuan, a year-on-year increase of 3.4% at comparable prices. The scale of logistics demand has reached a new level, achieving stable growth. From the perspective of composition, the total logistics volume of industrial products was 309.2 trillion yuan, with a year-on-year increase of 3.6% calculated at comparable prices; The total logistics volume of agricultural products reached 5.3 trillion yuan, an increase of 4.1%; the total logistics volume of renewable resources was 3.1 trillion yuan, an increase of 18.5%; the total logistics volume of units and residential goods reached 12.0 trillion yuan, an increase of 3.4%; the total logistics volume of imported goods was 18.1 trillion yuan, a decrease of 4.6%.

The construction and development of logistics parks not only improve logistics efficiency, but also promote the balanced development of regional economy. In this context, Yanbian Modern Logistics Distribution Center Park Project has emerged, aiming to further improve the logistics network, enhance the level of logistics services, and provide strong support for the sustainable and healthy development of the regional economy.

(2) Prospect Analysis of modern logistics distribution centers

According to statistics, China’s logistics industry has maintained a rapid growth trend in recent years. This is mainly due to the rapid development of industries such as e-commerce, manufacturing, and agriculture, which has driven the sustained growth of logistics demand.

With the booming development of e-commerce and consumption upgrading, logistics demand continues to grow. The consumption hotspots in the fields of food cold chain, instant retail, community e-commerce, healthcare, etc., especially the market opportunities of traditional online consumption, have further promoted the development of the logistics industry. As an important node in the logistics network, the role of logistics distribution centers is becoming increasingly important.

Relying on the National Logistics Hub Alliance, the integration of logistics hub resources, business collaboration, and networked operation will support the intelligent and networked development of national backbone cold chain logistics bases, demonstration logistics parks, multimodal transport stations, urban distribution centers, and logistics terminal outlets, greatly improving logistics efficiency and service quality. The application of intelligent sorting equipment, automated warehousing systems and other technologies makes the operation of logistics distribution centers more efficient and precise.

In addition, policy support and infrastructure construction also provide strong guarantees for the development of logistics distribution centers. The government will increase investment in logistics infrastructure, promote the linkage and integration of logistics with production, circulation, and consumption, promote the integration of online and offline consumption, increase the guarantee of “last kilometer” logistics, and improve the hierarchical distribution network system. These measures not only improve the coverage and quality of logistics services, but also create a favorable external environment for the development of logistics distribution centers.

Finally, international cooperation and opening up to the outside world have brought broader development opportunities for logistics distribution centers. With the promotion of the “Belt and Road” Initiative and the in-depth development of globalization, logistics distribution centers are playing an increasingly important role in the international logistics network. Supporting logistics companies to “go globally”, deepening cooperation with foreign logistics companies, enhancing international logistics service capabilities, will further enhance the competitiveness and influence of logistics distribution centers.

1.1.3 Advantageous conditions of project construction

(1) Policy conditions

On December 11, 2023, the General Office of the State Council issued a notice on the Measures to Accelerate the Integrated Development of Domestic and Foreign Trade. Among them, it is proposed to improve logistics convenience. Strengthen cross-border transportation cooperation with overseas ports and encourage shipping companies to expand the scope of cross-border transportation of domestic and foreign goods based on market-oriented principles. Accelerate the development of intermodal transportation between coastal and inland ports, expand the radiation range of domestic and international routes and transportation services in major ports. Support eligible enterprises to carry out domestic and foreign trade container transportation on the same ship, and promote a two-way operation mode of container foreign trade domestic and branch line import and export. Accelerate the construction of cross-border logistics infrastructure and support the construction of global and regional international postal and express delivery hubs in key cities.

In August, 2021, the Special Action Plan for High-quality Development of Commercial Logistics (2021-2025) strengthened the planning of cold chain logistics, laid out the construction of a number of national backbone cold chain logistics bases, supported the construction and renovation of large-scale agricultural product wholesale markets, import and export ports, and other frozen and refrigerated storage facilities, and promoted the application of new cold chain facilities and equipment such as mobile cold storage, constant temperature refrigerated trucks, and refrigerated containers. Improve the equipment of end of pipe cold chain facilities and enhance the network coverage level of urban and rural cold chain facilities. Encourage eligible enterprises to develop intelligent monitoring and traceability platforms for cold chain logistics, and establish a full process cold chain distribution system.

(2) Location advantages

Hunchun is located at the geometric center of Northeast Asia and is one of the windows to Northeast Asia and the starting points of the Eurasian Continental Bridge in China. It is the closest point from China to North America and Northern Europe via the Sea of Japan, only 15 kilometers away from the mouth of the Tumen River. Within a 200 kilometer radius centered on Hunchun, there are 10 ports distributed. Hunchun Port is 42 kilometers away from the Port of Pochet in Russia, 63 kilometers away from the Port of Zarubino, and 180 kilometers away from the Port of Vladivostok; Quanhe Port is 48 kilometers away from the port of Rajin  and 127 kilometers away from the port of Chongjin in North Korea. The cross-border transportation project of domestic goods from Hunchun to Shanghai and Ningbo has been successfully operated and is increasingly playing an important role. The destination ports have expanded from Shanghai and Ningbo to ports such as Huangpu in Guangdong, Shantou, Quanzhou in Fujian, and Yangpu in Hainan. The types of freight have also expanded from coal to grain, timber, and brass. The second major channel for shipping to the sea in Northeast China is gradually taking shape; Yanji Airport, which is only an hour away from Hunchun, has opened more than 10 international and domestic routes; the Jilin-Hunchun Passenger Dedicated Line was completed in 2014.

(3) Project advantages

In recent years, the bilateral relationship between China and Russia has made remarkable progress, and the cooperation between the two countries in various fields such as economy, culture, and military is deepening. The Far East of Russia has abundant energy resources, such as oil, natural gas, timber, and coal, which are in short supply in China, especially in Jilin Province. The construction of the project is an important carrier for Hunchun City to implement the provincial and state decision-making arrangements and accelerate the construction of a land border port type national logistics hub. After the implementation of this project, it will greatly increase the port throughput, alleviate the energy shortage pressure in Jilin Province and even Northeast China, deeply integrate into the domestic and international dual circulation, and promote the development of Hunchun’s open economy to a higher level.

1.2 Contents and scale of project construction

The total area of the project is 128000 square meters, with a building area of 131000 square meters. The main construction includes a comprehensive service building, a processing plant, high standard warehousing facilities, an automated sorting system, an intelligent distribution center, supporting service facilities and ancillary facilities. It is connected to the existing mutual trade zone and introduces the advanced logistics information technology to achieve real-time sharing and intelligent scheduling of logistics information.

1.3 Total investment of the project and capital raising

1.3.1 Total investment of the project

The total investment of the project is 730 million yuan, including the construction investment of 584 million yuan.

1.4 Financial analysis and social evaluation

1.4.1 Main financial indexes

After the project reaches the production capacity, its annual sales revenue will be 392.47 million yuan, its profit will be 117.74 million yuan, its investment payback period will be 8.2 years (after the tax, including the construction period of 2 years) and its return on investment will be 16.13%.

Note: “10 thousand yuan” in the table is in RMB.

1.4.2 Social evaluation

The planning and layout of the park reflects a high degree of rationality and effectively improves the efficiency of logistics operations. The establishment of this park has significantly promoted the development of the local economy and created more employment opportunities for society. At the same time, the operation of the park has improved the regional transportation conditions to a certain extent and enhanced the professional level of warehouse management. In addition, the park has taken active measures in environmental protection and resource utilization to ensure sustainable development. The construction and operation of the park not only enhance the image of the settled enterprises, but also strengthen their brand influence.

1.5 Cooperative way

Sole proprietorship, joint venture or cooperation

1.6 What to be invested by the foreign party

Funds

1.7 Construction site of the project

Hunchun City

1.8 Progress of the project

The project proposal has been prepared.

2. Introduction to the Partner

2.1 Basic information

Name: Hunchun People’s Government

Address: 1991 Henan Street, Hunchun City, Yanbian Korean Autonomous Prefecture Jilin Province

2.2 Overview

Hunchun City is located in the lower reaches of Tumen River in the southeast of Jilin Province, covering an area of 5134 square kilometers. It is home to many ethnic groups, such as Han, Korean, Manchu, Hui, Mongolian, and only 15 kilometers away from the Tumen River estuary. It is the “window” of China’s Changchun-Jilin-Tumen pilot area, the “bridgehead” of opening to Northeast Asia, and the strategic pivot of China’s “Belt and Road” opening to the north.

As the forefront of China’s participation in international cooperation and development in the Tumen River region, the country attaches great importance to the development and opening up of Hunchun. In March, 1992, the State Council approved Hunchun as a border city for further opening up to the outside world, and in the same year, approved the establishment of Hunchun Border Economic Cooperation Zone; since 2000, the country has fully implemented the strategy of opening up along the border, and has successively established the export processing zone and Sino-Russian trade zones in Hunchun, forming a unique “three-zone integration” pattern in China; in 2009, the state approved the implementation of the Outline of China’s Tumen River Regional International Cooperation and Development Plan, positioning Hunchun as a window city for the development and opening up of Changchun-Jilin-Tumen; in 2012, the State Council approved the establishment of China Tumen River Region (Hunchun) International Cooperation Demonstration Zone; in 2020, it was approved as Hunchun Marine Economy Development Demonstration Zone.

As one of the first batch of border cities in China to open up to the outside world, Hunchun has numerous national level major open platforms such as border economic cooperation zone, mutual trade zone, comprehensive bonded zone, marine economic development demonstration zone, international cooperation demonstration zone, and cross-border e-commerce comprehensive experimental zone. It enjoys a series of national level major policies such as Tumen River regional cooperative development, mutual trade landing processing pilot, one of the first batch of national logistics hubs in the 14th Five-Year Plan, market procurement trade mode pilot, and second-hand car export business area, and has the advantage of being a pioneer in many fields. At present, Hunchun City is optimizing and enhancing various open platforms, actively cultivating formats such as mutual trade landing processing, bonded logistics, bonded processing, cross-border e-commerce, and market procurement trade, and rapidly transforming unique policy advantages into huge advantages of openness, cooperation, and development.

Hunchun Border Economic Cooperation Zone is located in the southern part of the Hunchun Plain in the lower reaches of the Tumen River, separated from the  urban area of Hunchun by only one river. It is connected to the old urban area through two highway bridges and a railway bridge (under construction). Introduction to the Cooperation Zone: The planned area of the Cooperation Zone is 4 kilometers south of Changlingzi Port; West to Shatuozi Port in kilometers. Hunchun Border Economic Cooperation Zone has a flat terrain, few relocated households, and a large land bearing capacity, mostly around 30 tons/square meter, which is suitable for development and construction. Hunchun City has a humid climate, with warm winters and cool summers. The average annual temperature is around 5℃.

2.3 Contact method

2.3.1 Contact method of the partner

Contact person: Liu Wenbo

Tel: +86-13843370077

2.3.2 Contact method of the city (prefecture) where the project is located

Contact unit: Yanbian Bureau of Commerce

Contact person: Li Jingyu

Tel: +86-13596515933