Analysis of the market status and development prospects of the cold storage industry in Guangdong Province in 2023. The cold storage capacity is expected to exceed 7.5 million tons in 2028[Photo]Provided by Qianzhan.com

Major listed companies in the industry:Bingshan Cold and Hot (000530); Snowman Shares (002639); Hairong Cold Chain (603187), etc.

Core data of this article:Cold storage capacity; number of cold storage companies

Multiple policies support the green and efficient development of cold storage projects in Guangdong

Starting from 2021, Guangdong will introduce a number of cold storage-related supportive policies to promote the development of the cold storage industry in Guangdong Province. Among them, the “14th Five-Year Plan Implementation Plan for Promoting High-Quality Development of Cold Chain Logistics in Guangdong Province” proposes to accelerate the construction of cold chain logistics infrastructure and the improvement of cold chain equipment, and the average annual growth rate of cold storage capacity and refrigerated truck ownership will be more than 10%. .

Guangdong Province’s cold storage capacity has exceeded 4.7 million tons

Guangdong Province is a major producer and consumer of agricultural products in the country, and there is a huge demand for cold storage in agricultural products and other fields. Under the great attention and leadership of the Guangdong Provincial Party Committee and Provincial Government, the development of the cold storage industry in Guangdong Province is in a leading position in the country. From 2018 to 2022, the cold storage capacity of Guangdong Province has shown an overall upward trend. According to the 2022 version of the “National Cold Chain Logistics Enterprise Distribution Map” of the China Cold Storage Alliance, the cold storage capacity of Guangdong Province has reached 4.7039 million tons.

The number of cold storage companies in Guangdong Province is relatively stable

In terms of the number of enterprises, according to data from the China Cold Storage Alliance, the number of enterprises in the cold storage industry in Guangdong Province is relatively stable from 2018 to 2022. Except for an increase in 2020, the number of enterprises in the other years is around 270. The number of cold storage companies in Guangdong Province will be 270 in 2022, a decrease of 2 compared with 2021. Judging from the cold storage capacity of Guangdong Province, the cold storage capacity of Guangdong Province is on an upward trend, while the number of enterprises overall remains stable, reflecting the increased concentration of the cold storage industry in Guangdong Province.

Cold storage enterprises in Guangdong Province continue to strengthen the upgrading and transformation of cold storage equipment and cold storage-related technologies, and their refrigeration, freezing, and cold transportation capabilities continue to increase. From the perspective of representative enterprises, the representative cold storage manufacturing enterprises in Guangdong Province include Guangdong Yangyuan Refrigeration Equipment Co., Ltd., Shenzhen Qianhai Yueshi Information Technology Co., Ltd. and Shenzhen Suishen Air Conditioning Equipment Co., Ltd. The specific layout is as follows:

Development prospects: Cold storage capacity is expected to reach 7.67 million tons by 2028

The “14th Five-Year Plan” Implementation Plan for Promoting High-quality Development of Cold Chain Logistics in Guangdong Province proposes to accelerate the construction of cold chain logistics infrastructure and upgrade of cold chain equipment. The scale of cold storage capacity and the number of refrigerated trucks will increase by more than 10% annually. It is expected that by The cold storage capacity of Guangdong Province is expected to reach 7.67 million tons in 2028.

For more detailed research and analysis on this industry, please see the “China Cold Storage Industry Development Prospects Forecast and Investment Strategic Planning Analysis Report” by the Qianzhan Industry Research Institute.

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