Founded in 1997, China Reserve Development Co., Ltd., one of the top 500 logistics companies in China, is a comprehensive enterprise with logistics trade, financial logistics and logistics real estate as its main business

The controlling shareholder of China Reserve Development Co., Ltd. (hereinafter referred to as China Reserve Co., Ltd.) is China Material Storage and Transportation Corporation (hereinafter referred to as China Storage and Transportation Corporation), a large central enterprise supervised by the State-owned Assets Supervision and Administration Commission of the State Council.

Founded in the early sixties of the 20 th century, as a distribution center for the distribution of materials by the state, the China Reserve Corporation played the role of the main channel for the circulation of the national economy and society during the period of planned economy. Since entering a new era of reform and development, the China Reserve Corporation has experienced the baptism and test of the tide of market economy, and has achieved leapfrog development by using the logistics network all over the country in the market economy.

On January 21, 1997, Tianjin Zhongchu Trading Co., Ltd., which is controlled by China Reserve Corporation, was listed on the Shanghai Stock Exchange (stock code 600787). After the restructuring and listing, the listed company improved the corporate governance structure and explored new business models in accordance with the requirements of the modern enterprise system, realizing the transformation of the business mode from a single warehousing type to a diversified business, and laying the foundation for the sustainable and rapid development of the enterprise.

In 1998, the listed company began to transform from a regional enterprise to a national logistics company, changed its name to Zhongchu Development Co., Ltd., and successfully implemented asset restructuring and capital operation such as allotment, acquisition and merger, in accordance with the market-oriented mechanism to revitalize the stock assets, optimize the allocation of resources, and achieve rapid growth in comprehensive benefits.

In 2005, according to the effective demand of the logistics market and the development trend of the capital market, the board of directors of China Reserve Co., Ltd. decided to gradually allocate the high-quality assets of China Reserve Corporation to the listed company as a whole, so that the operating scale and profitability of China Reserve Co., Ltd. increased rapidly. Through acquisitions, replacements and other means of capital operation, more than 90% of the operating assets of the company have entered the listed company, basically completed the overall listing, and become the largest warehousing-based integrated logistics provider in the country, showing high growth and good development trend.

In the 21st century, China Reserve shares have merged into the main channel of the global economy. As a large-scale integrated logistics enterprise in China, Zhongchu Co., Ltd. has achieved rapid growth in business performance. From the beginning of the century to the present, the operating scale and profitability of the company have developed at a growth rate of more than 10 times, achieving a historic new leap.

China Reserve Co., Ltd. has more than 70 logistics distribution centers and operating entities in more than 30 central cities and port cities across the country, such as Beijing, Shanghai, Tianjin, Jiangsu, Zhejiang, Shandong, Hubei, Hunan, Guangdong, Sichuan, Yunnan, Hebei, Henan, Shaanxi, Liaoning, Jilin and Heilongjiang, and occupies a leading position in the domestic warehousing industry.

With the responsibility of providing value-added services for customers and the society, China Reserve Co., Ltd. is committed to providing comprehensive logistics services for all aspects of the supply chain such as procurement, production and marketing of domestic and foreign enterprises. With specialization, networking, intensification, and informatization mode of operation, China Reserve Co., Ltd. has formed a comprehensive, all-weather and multi-dimensional logistics service system based on the entity network, with informatization as the link, modern logistics technology as the means, and large customers as the main service objects, with warehousing, transportation, distribution, pledge supervision, multimodal transport, processing and manufacturing, logistics design, logistics trade, scientific and technological development, spot market, e-commerce, small loans, metal material inspection, logistics real estate development, capital operation and other comprehensive supporting all-round, all-weather multi-dimensional logistics service system.

On August 4, 2014, China Reserve Co., Ltd. and GLP signed the "Share Subscription and Strategic Cooperation Agreement", GLP plans to subscribe for about 2 billion yuan, and will become the second largest shareholder of China Reserve Co., Ltd. after the completion of the subscription, with a shareholding ratio of 15.39%.

Following the footsteps of the times and in line with the national development strategy, China Reserve Co., Ltd. clearly put forward the strategic goal of achieving excellence, strength and expansion in the new round of China's economic development. China Reserve Co., Ltd. will realize the corporate vision of "building a modern integrated logistics flagship" through exogenous expansion, development of supply chain integrated logistics, capital operation and international operation and other strategic implementation paths.