On 20 August 2012?Sinotrans
Ltd. held 2012 interim results analysts and press
conference in JW Marriott Hotel of Hong Kong. Mr. Zhao
Huxiang, Chairman of Sinotrans Ltd., Mr. Zhang Jianwei,
President, Ms. Zhang Kui, CFO, Mr. Gao Wei, Company
Secretary, Ms. Wang lina, General Manager of Securities and
Legal Affairs Dept. of Sinotrans Ltd., etc., attended the
conference. On the occasion, Mr. Zhang Jianwei briefed on
Sinotrans Ltd. 2012 interim results and operational
performance, and the Company's future development plans and
strategies. Afterwards, the investors and the media raised
their concerned questions focus on the operation,
investment and future development of the Company, which Mr.
Zhao Huxiang, Mr. Zhang Jianwei, Ms. Zhang Kui and Mr. Gao
Wei, respectively answered. There were about 30 investors
from investment banks (including the shareholders of the
Company), funds and equity management companies, such as
Goldman, Morgan Stanley, UBS and so on, taking part in the
analysts conference and 17 agencies from well-known
financial media, e.g. the Financial Times, Reuters, Metro
Finance, and press of newspapers, magazines and network
media, e.g. South China Morning Post, Hong Kong Economic
Times, Apple Daily, Oriental Daily News, iMoney, ET Net,
etc., present at the press conference.
In the first half of 2012, Sinotrans Ltd.'s revenue
amounted to RMB 23.16 billion, up by 12.4% compared with the
corresponding period in 2011. Operating profit was RMB 493.1
million, representing a decrease of 10.2% year-on-year. The
revenue of our freight forwarding services segment was
RMB19,630.7 million, 15.1% higher than that in the same
period of 2011. The operating profit of this segment was RMB
358.3 million, recorded a year-on-year increase of 5.8%. The
revenue of our shipping agency services business was RMB398.2
million, 1.2% lower than that in the same period of 2011. The
operating profit of this segment amounted to RMB 142.4
million, dropped by 3.3% year-on-year. The revenue of our
storage & terminal services business was RMB1,021. 8 million,
9.4% higher than that in the same period of 2011. The
operating profit of this segment was RMB 169.5 million,
recorded a year-on-year increase of 5.4%. The revenue of our
marine transportation business was RMB2,422.0 million, 4.0%
lower than that in the same period of 2011. Operating profit
of this segment recorded a loss of RMB137.1 million,
representing a year-on-year increase of 66.39%. Profit
Attributable to equity holders of the Company amounted to RMB
389.9 million, decreased by 11.0% year on year. Earnings per
share were RMB 0.09.
Sinotrans Ltd is a China-based company mainly engaged in agency and related business. The Company is also engaged in professional logistics business and e-commerce business. The agency and related business mainly includes shipping agency, air transportation agency, railway agency, shipping agency, warehousing and wharf services. The professional logistics business mainly includes contract logistics, project logistics, chemical logistics, cold chain logistics and other professional logistics services. The e-commerce business includes cross-border e-commerce logistics, logistics e-commerce platform and logistics equipment sharing platform.