In recent years, the Group has expedited the exploration of intelligent and cold chain businesses, striving to create a new business growth engine. 

As at 30 June 2023, the Group had a total of 57,000 square meters of intelligent and cold storage warehouse space in operation, and approximately 287,000 square meters are currently under construction, proposed for construction or in the planning process. It is expected that 73,000 square meters of intelligent warehouse space and 60,000 square meters of cold storage warehouse space will be put into operation in the second half of 2023.

The Group has continued to make encouraging progress in the planning and construction of cold storage warehouses at its logistics hubs, and continued to carry out intelligent transformations of existing projects. To create a new growth engine for its logistics business, the Group will continue to explore development trends relating to the intelligent warehouse and cold chain industries, seeking premium benchmark projects of the industry to facilitate the expansion of new business and foster quality development of the industry chain and supply chain.

updated on 9 October 2023