Sinotrans disclosed its annual report that in 2022,it will achieve operating income of 108.817 billion yuan,a year-on-year decrease of 12.49%;net profit of 4.068 billion yuan,a year-on-year increase of 9.55%.
Regarding the decline in operating income,Sinotrans stated that it was mainly due to the year-on-year decline in sea freight and air freight rates in the second half of the year, and due to the impact of weak global trade demand, the business volume of sea freight and air freight channels declined, and the company optimized its business structure and reduced some profits.lower rate business.The net profit attributable to shareholders of listed companies was 4.068 billion yuan, a year-on-year increase of 9.55%, mainly because the company’s deep cultivation of the contract logistics segment industry,innovative service models,and a year-on-year increase in profits,and the sharp appreciation of the US dollar against the RMB led to an increase in foreign exchange gains.
In 2022,the external turnover of Sinotrans’s e-commerce business will be 11.877 billion yuan,a year-on-year decrease of 16.67%;the segment profit will be 177 million yuan,a year-on-year decrease of 28.89%,mainly due to factors such as the EU tax reform and shrinking demand in overseas markets As a result, the export volume of e-commerce logistics has dropped significantly.At the same time, fuel costs and aircraft bypass costs due to regional conflicts have risen,charter flights subsidies and air freight prices have decreased year-on-year,resulting in a decline in cross-border e-commerce logistics business revenue and segment profits.
In the first half of 2022, global ocean freight and air freight rates will remain high.In the second half of the year, due to the two-way pressure of the decline in global ocean container trade volume,the decline in global air cargo demand, and the continuous recovery of effective transport capacity,global ocean freight rates will decline sharply. The price fluctuated and went down,and the price level of the main routes returned to the level of 2019.
In terms of water transport, Sinotrans continued to promote the construction of water transport channels in Southeast Asia,successively opened container water transport channels from South China, East China,and Central China to Southeast Asia, created a full-link product from Japan and South Korea,and improved the scale and intensification of the branch line transportation within the Yangtze River.
In terms of air transportation, on the basis of stabilizing the advantages of European and American routes,Sinotrans promoted market expansion in key regions such as Latin America;a total of 18 charter flight routes were operated throughout the year,and 8 charter flight routes were operated stably,achieving a controllable transportation capacity of 228,000 tons,a year-on-year An increase of 3.17%; continue to develop standardized products and full-link products such as cross-border e-commerce small packages,FBA head-ends, and overseas warehouses.
In terms of land transportation,Sinotrans’s international trains have shipped nearly 1 million TEUs;in 2022, 6 new self-operated train lines will be added,and China-Europe Express will ship 281,500 TEUs throughout the year, a year-on-year increase of 27%.The share increased by 2.4 percentage points to 17.6%. As one of the first operators to participate in the China-Laos Railway,Sinotrans has made a breakthrough in the construction of the China-Laos-Thailand channel,opening up the China-Laos-Thailand multimodal transport channel for the first time.The China-Laos-Thai cold chain train will be opened first.In 2022,the volume of railway agency business will increase by 21.3% year-on-year, and the revenue will increase by 42.73% year-on-year.
Post time: Mar-06-2023
