Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. China
  4. Shenzhen Stock Exchange
  5. Shenzhen Airport Co., Ltd.
  6. News
  7. Summary
    000089   CNE000000VK1

SHENZHEN AIRPORT CO., LTD.

(000089)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Shenzhen Airport : Logistics Arm of Alibaba, Ethiopian Partner to Launch Cold Chain Air Freight for Vaccine Transportation

12/04/2020 | 08:06am EDT

The logistics arms of Alibaba Group Holdings Limited, Cainiao Smart Logistics Network, announced today that it is partnering with Ethiopian Airlines to launch a special cold chain air freight for the transportation of temperature-controlled medicines from Shenzhen Airport in China.

Temperature-controlled medicines will be distributed twice a week from Shenzhen to Africa and to the rest of the world via Dubai and Addis Ababa.

This is China's first cross-border medical cold chain route to be operated regularly and is certified to transport temperature-controlled medicines, including COVID-19 vaccines, according to a statement by Cainiao Smart Logistics Network.

During air freight, the entire cold chain cabin is equipped with a temperature control system that monitors the cabin's temperature in real-time.

As the fourth airport in Mainland China that obtained International Air Transport Association (IATA)'s Centre of Excellence for Independent Validators (CEIV) certification for pharmaceutical logistics, Shenzhen Airport is also well-equipped to handle biotechnology products.

The cargo terminal in Ethiopia is outfitted with compartmentalized cold storage facilities with temperature between -23? to 25?. It occupies an area of 54,000 square metres, with dedicated cool dollies and pharma team, as well as real-time temperature monitoring system to ensure a safe and seamless cold chain logistics for handling temperature sensitive healthcare products, the press release of the company stated.

General Manager of Cainiao International Supply Chain James Zhao said "Cainiao's global logistics network spans over 200 countries and regions, providing end-to-end integrated logistics services, including digital customs clearance capabilities.".

According to him, the launch of the cold chain air freight has further bolstered the global logistics capabilities of the companies, and allows them to offer a one-stop solution for the global distribution of medical products such as the Covid-19 vaccines.

Ethiopian Group CEO Tewolde Gebremariam said, "Ethiopian Airlines will repeat its remarkable and globally recognized success in leading the fast delivery of PPEs few months ago with similar delivery speed, professional handling and maintaining the cold chain during the forthcoming global distribution of the COVID-19 vaccine. In anticipation of the Covid-19 vaccine release, we will be at the forefront to further discharge our responsibility in the distribution of the vaccine across the globe."

Cainiao's launch of the "Green Channel" Initiative this year to fight the pandemic has helped in the distribution of 250 million pieces of PPEs, including COVID-19 test kits, to medical suppliers in over 150 countries and regions.

The press release noted that Cainiao, in collaboration with its partners, has also helped to transport medical relief items for international organizations during the pandemic outbreak.

Copyright Ethiopian News Agency. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

All news about SHENZHEN AIRPORT CO., LTD.
08/26Shenzhen Airport Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 20..
CI
06/19Shenzhen airport tightens COVID-19 measures as China logs 30 new cases
RE
04/27Shenzhen Airport Co., Ltd. Reports Earnings Results for the First Quarter Ended March 3..
CI
04/01Shenzhen Airport Co., Ltd. Reports Earnings Results for the Full Year Ended December 31..
CI
2020SHENZHEN AIRPORT : Logistics Arm of Alibaba, Ethiopian Partner to Launch Cold Chain Air Fr..
AQ
2020Shenzhen Airport Co., Ltd. Reports Earnings Results for the Nine Months Ended September..
CI
2020SHENZHEN AIRPORT : Huawei Strives to Build industry Intelligent Twins with Intelligent Con..
AQ
2020SHENZHEN AIRPORT : Paradigm Shift for Greater Value
AQ
2020SHENZHEN AIRPORT : Paradigm Shift for Greater Value Huawei drives 100 typical scenario-bas..
AQ
2020Shenzhen Airport Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 20..
CI
More news
Financials
Sales 2021 3 446 M 533 M 533 M
Net income 2021 243 M 37,6 M 37,6 M
Net Debt 2021 1 666 M 258 M 258 M
P/E ratio 2021 66,8x
Yield 2021 0,35%
Capitalization 15 688 M 2 426 M 2 426 M
EV / Sales 2021 5,04x
EV / Sales 2022 3,94x
Nbr of Employees 5 241
Free-Float 42,1%
Chart SHENZHEN AIRPORT CO., LTD.
Duration : Period :
Shenzhen Airport Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SHENZHEN AIRPORT CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 7,65 CNY
Average target price 8,58 CNY
Spread / Average Target 12,2%
EPS Revisions
Managers and Directors
Fan Hua Chen General Manager & Director
Zheng Ling Sun Chief Financial Officer & Board Secretary
Xiao Long Lin Chairman
Wen Hua Ye Chairman-Supervisory Board
Guang Ze Du Director & Operations Director