Business volumes of respective core operations during the period under review observed

growth: container volume of the ocean freight forwarding increased by 11.9%, volume of the air freight forwarding by 23.2 %, volume of express services by 35.1%, volume of the containers handled by shipping agency by 6.9%, and volume of marine transportation by 14.9%. As there was a marked growth in the warehouse and terminal and trucking service segments, the terminal throughput of ports, terminal depots operation and trucking increased by 50.5%, 38.1% and 68.8% respectively on a period-on-period basis.

However total operating profit from continuing operations was down 25.0% to RMB490.6 million (€48.1m). “During the first half this year, exports growth in China obviously slowed down and fell by 7.5%. As a result of the severe imbalance between supply and demand, shipping freight rates slid significantly. At the same time, costs of fuel and charter continued to increase. The traditional operation mode and the present cost structure have presented us with great challenges. Despite fierce competition, we have accomplished continuous business growth and retained our market shares, both are pivotal to our forthcoming strategy adjustment,” said Chairman Mr Zhao Huxiang.

Source: Sinotrans
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