CMST

CMST Development Co., Ltd. (abbreviated as CMST, securities code 600787) is an A-share listed company with Sino-foreign joint venture nature and state-owned controlling interest. The actual controller of the company is China Logistics Group Co., Ltd., directly under the State-owned Assets Supervision and Administration Commission of the State Council, and the second largest shareholder is Global Logistics Properties (GLP), a leading logistics and industrial real estate developer. Since its establishment in 1996, with the support of partners and the joint efforts of employees, the company has grown rapidly and has developed into a large-scale warehousing and logistics provider with a physical network covering major cities across China and major economic regions worldwide. Its business scope includes futures and spot delivery logistics, bulk commodity supply chain, internet plus logistics, engineering logistics, consumer goods logistics, and financial logistics. The company's total assets amount to 21.7 billion RMB, net assets to 10.6 billion RMB, and average annual profits exceed 1 billion RMB. Covering the world, CMST's warehousing network extends to major economic regions in Asia, Europe, and the Americas. It has invested in and operated logistics parks in over 20 provinces, municipalities directly under the central government, and autonomous regions, forming a warehousing and logistics service capability that is rooted in China and serves the globe, providing logistics support for the globalization of Chinese and foreign enterprises. The logistics parks and logistics centers under CMST cover a total area of approximately 10 million square meters, including about 3 million square meters of open-air storage yards, about 3 million square meters of warehouses, and 57 railway special lines, equipped with road-rail and road-water intermodal transport functions. Based on market demand, the company continuously improves and upgrades its infrastructure and can provide warehousing, transportation, online and offline trading, information release, as well as industrial and commercial taxation, catering, and accommodation services. CMST actively promotes the development of warehousing technology, introduces and innovates intelligent warehousing systems, and traditional logistics centers are transforming into information centers and data collection platforms. In collaboration with the China Federation of Logistics and Purchasing, it co-publishes the China Warehousing Index. With a goal of "quality, efficiency, convenience, and thoughtfulness," CMST leverages over 50 years of industry experience to set operational standards for various materials, continuously strengthening basic management, optimizing business processes, and enhancing service capabilities. Through a comprehensive safety management system and sustained investment in education, training, facilities, and equipment, the company ensures zero safety accidents. CMST, grounded in integrity, has established long-term cooperative relationships with a broad range of customers. In 2015, the company proposed the "China Reliable Warehouse" concept, committing to the market that "inventory will not be short, documents are authentic and valid, surplus goods are returned, and services are high-quality and efficient."