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Marvion Inc. (MVNC) Moving into New Businesses with Profitable Opportunities

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Marvion Inc. (OTC: MVNC) is expanding its business operations, building on its profitable logistics and warehousing services. The company's logistics arm, KSK Logistics, focuses on last-mile distribution in Hong Kong, benefiting from growing consumer spending and e-commerce trends. United Warehouse, their storage services division, operates a 140,000 sq ft facility in Yuen Long, including a 24,000 sq ft cold storage and a 38,600 sq ft regular warehouse. Plans are underway to add an 18,000 sq ft warehouse by September 2024.

CEO Chan Sze Yu announced plans to further expand warehouse capacity and explore B2B opportunities in logistics. The company is also considering developing a cross-border online furniture and household items e-commerce platform, leveraging Hong Kong's 2 million households and existing logistics infrastructure. This move aims to bridge the gap between Chinese furniture manufacturers and Hong Kong customers.

Marvion Inc. (OTC: MVNC) sta espandendo le sue operazioni commerciali, basandosi sui suoi servizi di logistica e magazzinaggio redditizi. Il braccio logistico dell'azienda, KSK Logistics, si concentra sulla distribuzione dell'ultimo miglio a Hong Kong, beneficiando dell'aumento della spesa dei consumatori e delle tendenze dell'e-commerce. United Warehouse, la loro divisione di servizi di stoccaggio, gestisce una struttura di 140.000 piedi quadrati a Yuen Long, comprensiva di un magazzino frigorifero di 24.000 piedi quadrati e un magazzino regolare di 38.600 piedi quadrati. Sono in corso i piani per aggiungere un magazzino di 18.000 piedi quadrati entro settembre 2024.

Il CEO Chan Sze Yu ha annunciato piani per ulteriori espansioni della capacità di magazzino ed esplorare opportunità B2B nella logistica. L'azienda sta anche valutando lo sviluppo di una piattaforma di e-commerce per mobili e articoli per la casa, sfruttando i 2 milioni di abitazioni di Hong Kong e l'infrastruttura logistica esistente. Questo passo mira a colmare il divario tra i produttori cinesi di mobili e i clienti di Hong Kong.

Marvion Inc. (OTC: MVNC) está expandiendo sus operaciones comerciales, aprovechando sus servicios de logística y almacenamiento rentables. El brazo logístico de la compañía, KSK Logistics, se centra en la distribución de última milla en Hong Kong, beneficiándose del aumento del gasto del consumidor y las tendencias del comercio electrónico. United Warehouse, su división de servicios de almacenamiento, opera un instalaciones de 140,000 pies cuadrados en Yuen Long, que incluye un almacén frigorífico de 24,000 pies cuadrados y un almacén regular de 38,600 pies cuadrados. Se están preparando planes para añadir un almacén de 18,000 pies cuadrados antes de septiembre de 2024.

El CEO Chan Sze Yu anunció planes para aumentar aún más la capacidad de almacenamiento y explorar oportunidades B2B en logística. La compañía también está considerando desarrollar una plataforma de comercio electrónico transfronteriza para muebles y artículos del hogar, aprovechando los 2 millones de hogares en Hong Kong y la infraestructura logística existente. Este movimiento tiene como objetivo cerrar la brecha entre los fabricantes de muebles chinos y los clientes de Hong Kong.

Marvion Inc. (OTC: MVNC)는 수익성 있는 물류 및 창고 서비스에 기반하여 비즈니스 운영을 확장하고 있습니다. 회사의 물류 부문인 KSK Logistics는 홍콩에서 마지막 순간 배급에 주력하고 있으며, 이는 커져가는 소비자 지출과 전자상거래 트렌드의 혜택을 받고 있습니다. United Warehouse, 그들의 저장 서비스 부문은 Yuen Long에서 140,000 평방피트 규모의 시설을 운영하며, 그 안에는 24,000 평방피트 규모의 냉장 저장소와 38,600 평방피트 규모의 일반 창고가 포함됩니다. 2024년 9월까지 18,000 평방피트 규모의 창고를 추가할 계획이 진행 중입니다.

CEO Chan Sze Yu는 창고 용량을 더 확장하고 물류 분야의 B2B 기회를 탐색할 계획을 발표했습니다. 회사는 또한 홍콩의 200만 가구와 기존 물류 인프라를 활용하여 국경을 넘는 가구 및 생활용품 전자상거래 플랫폼 개발을 고려하고 있습니다. 이 조치는 중국 가구 제조업체와 홍콩 고객 간의 간극을 메우는 것을 목표로 하고 있습니다.

Marvion Inc. (OTC: MVNC) étend ses opérations commerciales en s'appuyant sur ses services logistiques et d'entreposage rentables. Le bras logistique de l'entreprise, KSK Logistics, se concentre sur la distribution de dernier kilomètre à Hong Kong, profitant de l'augmentation des dépenses des consommateurs et des tendances de l'e-commerce. United Warehouse, leur division de services d'entreposage, exploite une installation de 140 000 pieds carrés à Yuen Long, y compris un espace de stockage frigorifique de 24 000 pieds carrés et un entrepôt classique de 38 600 pieds carrés. Des plans sont en cours pour ajouter un entrepôt de 18 000 pieds carrés d'ici septembre 2024.

Le PDG Chan Sze Yu a annoncé des plans pour augmenter davantage la capacité d'entreposage et explorer les opportunités B2B dans la logistique. L'entreprise envisage également de développer une plateforme de commerce électronique transfrontalière pour des meubles et des articles ménagers, tirant parti des 2 millions de foyers de Hong Kong et de l'infrastructure logistique existante. Ce mouvement vise à combler le fossé entre les fabricants chinois de meubles et les clients de Hong Kong.

Marvion Inc. (OTC: MVNC) erweitert seine Geschäftstätigkeiten und baut auf seinen profitablen Logistik- und Lagerdienstleistungen auf. Der Logistikbereich des Unternehmens, KSK Logistics, konzentriert sich auf die letzte Meile in Hongkong und profitiert von steigenden Verbraucherausgaben und E-Commerce-Trends. United Warehouse, die Abteilung für Lagerdienstleistungen, betreibt eine 140.000 Quadratfuß große Einrichtung in Yuen Long, die ein 24.000 Quadratfuß großes Kühlhaus und ein 38.600 Quadratfuß großes reguläres Lager umfasst. Es sind Pläne in Arbeit, bis September 2024 ein 18.000 Quadratfuß großes Lager hinzuzufügen.

CEO Chan Sze Yu kündigte Pläne an, die Lagerkapazität weiter auszubauen und B2B-Möglichkeiten in der Logistik zu erkunden. Das Unternehmen erwägt auch, eine grenzüberschreitende E-Commerce-Plattform für Möbel und Haushaltsartikel zu entwickeln, die die 2 Millionen Haushalte in Hongkong und die bestehende Logistikinfrastruktur nutzt. Dieses Vorhaben zielt darauf ab, die Lücke zwischen chinesischen Möbelherstellern und Hongkonger Kunden zu schließen.

Positive
  • Profitable logistics and warehousing services business units
  • Expansion of warehouse capacity from 50% current utilization
  • Plans to develop cross-border online furniture and household items e-commerce platform
  • Growing consumer spending in Hong Kong (US$64,615 million in Q2 2024, forecasted US$68,333 million by Q4 2024)
  • Slight drop in gasoline prices improving profitability for logistics operations
Negative
  • None.

HONG KONG, Aug. 19, 2024 /PRNewswire/ --

Dear Shareholders:

As the new CEO, I am honored to lead the Marvion group into a new and brighter future.  Building upon our already profitable business operations in logistics and warehousing services, I am committed to fostering innovation, driving sustainable growth, and nurturing a culture of excellence. Together, we will embrace change, seize opportunities, and exceed expectations as we embark on this journey toward continued success and prosperity.

As updated financial information will be disclosed, I would take this opportunity to update our shareholders about our logistic and storage services businesses.

Logistics Business – KSK Logistics

Our logistic services is focusing with servicing the local last miles distributions in Hong Kong.  As we walked into the post-pandemic period since the beginning of 2023, consumer spending in Hong Kong has grown from US$61,794 million in Q1 2023 to US$64,615 million in Q2 2024, and forecasting to be US$68,333 million by Q4 2024 (1).  The continuous growth of consumer spending pushes up the demand of more logistics services, especially consumer today are more depending on online ecommerce purchases, and cross-border purchases from China for the Hong Kong consumers. We currently own 6 trucks with our crew to cover the local delivery zones. Our logistics clients are not only the general consumers, but we also serve the bigger shipping and logistics partners, as well as vendors, with specialty to serve the furniture industry to distribute the packages to the doorsteps of their clients. The growth in economy and consumer spending continues to help our growth in servicing orders while recent slight drop in gasoline price also lowers our costs to help increasing the profitability opportunities of the business.

Storage Services – United Warehouse

United Warehouse has rented a piece of land at the size of 140,000 square feet (sq ft) in Yuen Long, Hong Kong. We have built a fully equipped cold storage with the size of 24,000 sq ft, and a regular warehouse with the size of 38,600 sq ft. We plan on building another warehouse on the land with the size of 18,000 sq ft by September, 2024. Our warehouses not only provide temporary storage spaces for enterprise clients, but also logistics and inventory services so they can rely on our services to manage their cargos and goods in a cost effective way.  By combining with our logistics sister business, we can maximize the utilization of our logistics crew and trucks, and increasing business opportunities for the storage services.

Moving Forward

While both our logistics and warehousing services business units are in healthy and profitable business and financial positions, we are seeking to further expand the size of our warehouse sizes within the land that we have already rented, which is just 50% utilized at the moment.  Our logistics services team will continue to focus with local delivery coverage in the Hong Kong local market, seeking for more B2B opportunities and moving into niche industry needs to avoid hostile competitions.  Furthermore, with my extensive exposure and experiences in the furniture industry, we are looking into developing a cross-border online furniture and household items ecommerce platform.  Online furniture and household ecommerce is already very strong in China which basically takeover most of the traditional offline stores.  The problem with Hong Kong is those China-based furniture manufacturers cannot provide a one-stop shipping and servicing service to the customers in Hong Kong.  With 2 million households in this metropolitan city, we see this as great business opportunity to explore, by utilizing the logistics and warehousing facilities which we already have.

We have confidence that our team will build good values for the investors of MVNC in the near future and for the long term.  Your continue support will give us more resources to explore into more business opportunities and may expand our business operational models overseas.

Sincerely,
Chan Sze Yu
Director and Chief Executive Officer
Marvion Inc. (OTC: MVNC)

(1)  https://tradingeconomics.com/hong-kong/consumer-spending 

For media queries, please contact:
ir@marvion.media

Cision View original content:https://www.prnewswire.com/news-releases/marvion-inc-mvnc-moving-into-new-businesses-with-profitable-opportunities-302225249.html

SOURCE Marvion Inc.

FAQ

What are Marvion Inc.'s (MVNC) main business operations?

Marvion Inc. (MVNC) operates in logistics through KSK Logistics and warehousing services through United Warehouse. They focus on last-mile distribution in Hong Kong and provide storage facilities, including cold storage and regular warehousing.

How much warehouse space does Marvion Inc. (MVNC) currently operate?

Marvion Inc. (MVNC) operates a 140,000 sq ft facility in Yuen Long, Hong Kong, which includes a 24,000 sq ft cold storage and a 38,600 sq ft regular warehouse. They plan to add an 18,000 sq ft warehouse by September 2024.

What new business opportunity is Marvion Inc. (MVNC) exploring?

Marvion Inc. (MVNC) is considering developing a cross-border online furniture and household items e-commerce platform. This aims to connect Chinese furniture manufacturers with Hong Kong customers, leveraging the company's existing logistics and warehousing infrastructure.

How is consumer spending in Hong Kong affecting Marvion Inc.'s (MVNC) business?

Growing consumer spending in Hong Kong, which increased from US$61,794 million in Q1 2023 to US$64,615 million in Q2 2024, is boosting demand for Marvion Inc.'s (MVNC) logistics services, particularly due to increased online and cross-border purchases.

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