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2020年交通运输与仓储物流业并购分析

文章摘要

2020年,受新冠肺炎疫情影响,交通运输与仓储物流业总体呈现“先降后升,趋于正常”的运行态势。到第三季度末,行业运行基本回到原有发展轨道,部分领域已补齐缺口。在并购方面,2020年前10个月,中国交通运输与仓储物流业的并购交易共发生71起,涉及交易金额约265亿元人民币,与2019年同期相比,无论是并购数量还是规模都出现较大幅度下滑。大连港换股吸收合并营口港、楚天高速与湖北建设集团联合竞拍大广北100%股权、珠海港全面要约收购香港上市公司兴华港口100%股份、吉祥航空现金收购吉道航100%的股权、锦州港重大资产出售是2020年交通运输行业的五大并购事件。

Abstract

In 2020,under the impact of the COVID-19 pandemic,the growth trend of the transportation and warehousing industry declined first,rose next,and eventually normalized. By the end of the third quarter,the industry operations were approximately back on track-the gaps created by the pandemic have filled in some fields. In the first ten months of 2020,there were 71 mergers and acquisitions transactions in China’s transportation and warehousing industry. The total transaction value was around RMB 26.5 billion. Compared to the mergers and acquisitions transactions in the same period of 2019,both the transaction number and values declined significantly in 2020. The most impactful five mergers and acquisitions cases in the transportation and warehousing technology industry in 2020 were Liaoning Port Co.,Ltd.’s stock swap with Yingkou Port Liability Co.,Ltd.,Chutian Smart Communication Co.,Ltd. and Hubei Construction Group’s join biding on Daguangbei Expressway Co.,Ltd.,Zhuhai Port Co.,Ltd.’s public tender offer on Xinghua Port Co.,Ltd. (listed in Hongkong),Juneyao Airlines Co.,Ltd.’s cash acquisition of Jidaohang Enterprise Management Consulting Co.,Ltd.,and Jinzhou Port Co.,Ltd.s’ sale of operating assets.

作者简介
胡伟:胡伟,国元证券股份有限公司投资银行总部董事总经理、并购业务部总经理、保荐代表人,研究方向为股权融资,并购重组。
蒋贻宏:蒋贻宏,国元证券投资银行总部高级项目经理,保荐代表人,研究方向为股权融资,并购重组。
高琛:高琛,国元证券投资银行总部项目经理。