BEIJING, April 30 (Xinhua) -- Hangzhou Ali Venture Capital has become one of the top ten shareholders of Yunda Holding Co., Ltd. (002120.SZ), a major logistics company in China, with a 2 percent stake, according to the Yunda's 2019 annual report released on Wednesday night.
In 2019, the operating revenue of Yunda reached 34.404 billion yuan, with a year-on-year growth of 148.30 percent. Net profit attributable to shareholders of listed companies reached 2.647 billion yuan, down 1.88 percent year on year; earnings per share was 1.19 yuan.
The company intends to pay a cash dividend of 2.39 yuan (tax included) for every 10 shares, and transfer 3 shares to all shareholders for every 10 shares.
In late march, media reported that Alibaba Group was planning to buy at least a 10 percent stake in Yunda.
Yang Daqing, a special researcher at the China Society of Logistics society, said the move will accelerate Alibaba's smart logistics network construction, and Yunda will focus on technology upgrading, speeding up cost reduction and efficiency improvement to share the fruits of new logistics infrastructure development.
(Edited by Yang Qi with Xinhua Silk Road, kateqiyang@xinhua.org)
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