a leading integrated logistics service provider in china

a leading integrated logistics service provider in china

A LEADING INTEGRATED LOGISTICS SERVICE PROVIDER IN CHINA
Sinotrans Limited (“Sinotrans”) is a leading logistics service provider in China. Its principal businesses include freight forwarding and shipping
agency and its supporting businesses include storage and terminal services, marine transportation and other services such as trucking
transportation and express services. Leveraging its comprehensive service network, integrated logistics service model and professional expertise,
Sinotrans provides a complete range of logistics services for its customers as their dedicated logistics partner. The company is poised to occupy
the leading position in this competitive market.
BUSINESS STRUCTURE
Stock Code: 598.HK
Closing Price: HK$1.45
Freight Forwarding
As China’s largest freight
forwarding enterprise, Sinotrans
provides
comprehensive
transportation agency services
including sea, air, railway and
road transportation as well as
projects
logistics,
contracts
logistics,
chemical
products
logistics and energy logistics.
Shipping Agency
Sinotrans has an extensive
shipping agency network and
provides standardised services
with high quality at China’s major
ports from north to south
including
Dalian,
Tianjin,
Qingdao, Lianyungang, Shanghai,
Ningbo,
Fuzhou,
Xiamen,
Guangzhou and Shenzhen.
As at 28 June 2013 (Source: Bloomberg)
FINANCIAL HIGHLIGHTS
1H 2013
(Unaudited)
RMB million
Revenue
1H 2012
(Unaudited)
25,109.5
23,160.0
Operating Profit
604.2
493.1
Net Profit
449.8
389.9
0.1059
0.0918
Earning Per Share (yuan)
Total Revenue
RMB million
1H 2013
(Unaudited)
Freight Forwarding
Storage & Terminal Services
It maintains a comprehensive
network including 352 warehouses,
7 terminals and 73 container yards,
with its warehouses, yards,
container depot and terminals
located in major ports and cities in
China.
Sinotrans also provides shipping services along the
trade routes within the Asian region, covering Japan,
South Korea, Southeast Asia, Hong Kong and
Taiwan. It also provides container-liner shipping
services for domestic trade in the coastal regions of
China and container feeder services for foreign trade
in the Yangtze River Delta and the Pearl River Delta.
It operates 130 vessels with gross dead weight
tonnage of 679,000 tons.
Sinotrans provides delivery services, short and
medium distance container consignment services
between ports and cities, as well as city-to-city and
cross-border trucking transportation.
It provides express services through express lines as
well as joint ventures and cooperative arrangements
with leading international express companies.
Market Capitalisation: HK$6.161 billion
Issued Shares: 4,249,002,200
1H 2012
(Unaudited)
22,270.9
19,630.7
Shipping Agency
360.2
398.2
Storage and Terminal Services
976.0
1,021.8
2,265.4
2,422.0
779.2
768.2
Marine Transportation
Other Services
Segment Results
RMB million
Marine
Transportation
1H 2013
(Unaudited)
1H 2012
(Unaudited)
Freight Forwarding
417.1
358.3
Shipping Agency
116.2
142.4
Storage and Terminal Services
171.9
169.5
Marine Transportation
(35.1)
(137.1)
7.1
5.1
Other Services
2.9%
8.5%
Other Services
83.6%
-5.2%
1.0%
3.6%
25.4%
1.4%
Revenue
Contribution
in 1H 2013
Segment Results
Contribution
in 1H 2013
17.2%
(Information as at 30 June 2013)
www.sinotrans.com
61.6%
A LEADING INTEGRATED LOGISTICS SERVICE PROVIDER IN CHINA
OPERATING STATISTICS
INVESTMENT HIGHLIGHTS
Extensive Logistics Service Network
The geographical areas covered by its businesses
operations include rapidly developing strategic
coastal regions in China such as Guangdong,
Fujian, Shanghai, Zhejiang, Jiangsu, Hubei,
Lianyungang, Shandong, Tianjin, Liaoning, Anhui,
Jiangxi, Sichuan, Chongqing, and Hong Kong, as
well as delivering comprehensive services
domestically and overseas through its network
Core Competitive Advantages
Strong market brand, large service network,
comprehensive service capacity, strong customer
base, strategic collaboration with international
transport logistics leaders, professional and
management advantage, intelligent information
technology system, risk management capability
1H 2013 1H 2012
Freight Forwarding
Sea freight forwarding
（million tonnes）
Bulk cargo
（ten thousand TEUs）
Container cargo
（million kilograms）
Air freight forwarding
Rail freight forwarding
（million tonnes）
Bulk cargo
（ten thousand TEUs）
Container cargo
Road freight forwarding
（million tonnes）
Bulk cargo
（ten thousand TEUs）
Container cargo
Shipping Agency
（million tonnes）
Net registered tonnes
（number of times）
Vessel calls
（million TEUs）
Containers
（million tonnes）
Bulk cargo
Storage and Terminal Services
Warehouse operation
（million tonnes）
Bulk cargo
（million TEUs）
Containers
Terminal throughput
（million tonnes）
Bulk cargo
（ten thousand TEUs）
Containers
Marine Transportation
（ten thousand TEUs）
Containers
Other Services
Trucking
（ten thousand TEUs）
Containers
Express Service
（million units）
Documents & packages
1.9
428.1
194.4
2.1
404.8
201.1
0.4
1.5
0.5
1.8
0.07
10.6
0.06
12.9
333.7
29,556
6.79
99.4
331.5
29,993
6.39
95.7
2H 2013 INDUSTRY CHALLENGES
7.3
4.1
7.1
4.1
•
1.2
146.5
1.7
146.2
•
145.0
134.5
•
37.3
38.1
0.85
0.84
LOGISTICS SERVICE NETWORK
2H 2013 OPERATIONS PHILOSOPHY
Extensive and comprehensive domestic and
global service networks across major coastal
areas and other strategic regions
•
•
•
Dalian
Tianjin
Qingdao
Lianyungang
Nanjing Shanghai
Ningbo
Wuhan
Fuzhou
Xiamen
Guangzhou Shenzhen
Hong Kong
Beijing
Extensive overseas agency
networks across major global
economic zones
Global economy continues to be stagnant and
uncertainties and instability still exists in the trade
environment
The domestic economic environment in China will be
even more complicated with both favorable and
unfavorable factors creating both growth drivers and
downside pressure in the economy
Excess capacity in the marine transportation segment
will continue. This plus the impact of declining
demand and intense price competition will mean a
more challenging operating environment
•
•
•
Strive to work effectively within the annual plan
Promote logistics resources consolidation and
optimize logistics network construction
Continue to execute strategies to secure major
customers
Facilitate the transformation of the traditional
logistics business and promote the rapid growth of
domestic trade logistics and the specialized logistics
business
Actively promote the development of the logistics ebusiness
Invest more in resources to bolster Sinotrans’ market
competitiveness
Investor Relations
Securities and Legal Affairs Department, Sinotrans Limited
Ms. Li Chunyang Tel:(86 10) 5229 6667 Email:[email protected]
Ms. Dong Shating Tel:(86 10) 5229 5122 Email:[email protected]
www.sinotrans.com