Folangsi Co., Limited Class H
HHKEX:24995.55
HKD
+0.03
(+0.54%)
ISIN
CNE1000068X9
Return %
Stock
S&P 500
1Y
-3.98
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
CNY
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
CNY
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Ze Bing Hou
- Full Time Employees
- 2,073
- Sector
- Technology services
- Industry
- Internet software/Services
- Address
- No. 999, Yayun Avenue Guangzhou GD China 511440
- IPO Date
- Nov 10, 2023
- Website
- fls123.com
- Similar Companies
- Business
- Folangsi Co Ltd Folangsi Co., Ltd. (2499.HK) provides intralogistics equipment solutions principally in China, operating through three core segments: intralogistics equipment subscription services that deliver counterbalanced forklifts, reach forklifts, and warehouse forklifts with value-added features including equipment selection, on-site training, real-time IoT monitoring via its intelligent asset and operation management platform, and general maintenance; maintenance and repair services offering on-site support for customer intralogistics equipment; and sales of new and used intralogistics equipment along with parts to domestic enterprises and parts to overseas markets. The company, founded in 2001 and headquartered at No. 13 Bangyan Road, Dalong Street, Panyu District, Guangzhou, China, maintains over 100 direct service outlets across major industrial cities in China, serving industrial and logistics enterprises with one-stop solutions encompassing rentals, sales, repairs, parts development, and digital operations management driven by IoT innovation. In August 2024, Folangsi Co Ltd signed a strategic cooperation and equity acquisition agreement with Mitsubishi Logisnext Corporation, completing the full acquisition of Nichiyu Forklift (Shanghai) Co., Ltd. (also referred to as Liziyou or Lixi Forklift) by August 31, 2024, for approximately 33.92 million yuan, integrating it as an indirect wholly-owned subsidiary to bolster its market presence and corporate structure in the on-site logistics sector.