Acer-tightening, foreign trade dropped Sinotrans to stop ocean-going shipping

Sinotrans release in Hong Kong yesterday reported that first half sales rose 13.8 percent to 20.783 billion yuan. Pre-tax profit of 1.239 billion yuan, up 83.7 percent, but a significant portion of the growth came from the first half of the company to transfer shares from DHL. Express delivery business, Federal Express's strategy of low-priced competition led to serious losses of domestic express delivery company, Sinotrans were not spared. Sinotrans Ltd., chairman of Shanghai Zhao Xiang, the first half of its domestic express delivery business loss of 37 million yuan. Nevertheless, he refused to position prices, said prices will remain stable and will continue to increase in the second half of business outlets, and is expected to reduce losses. The Center Daily News, the first half of its express delivery business turnover of 1.723 billion yuan, up 8.3 percent, but the growth was mainly from international express delivery business, DHL and Sinotrans is a joint venture between DHL Sinotrans contribution. In addition, the handling of the first half of the number of documents and packages to 11.17 million, an increase of 31.7 percent. Taken contrast, a single document and parcel of dealing with profit decreased significantly. For the second half of the situation, Shanghai Zhao Xiang Wang stressed that while foreign trade will continue tightening will continue to decline in oil prices and the impact can not be ignored. To this end, the company has stopped its own ocean-going shipping vessels, and near the main foreign domestic trade routes and coastal routes that will be shipping business to profitability. Imports, he said that shipping companies will increase the proportion of imports, mainly targeting the United States, and Guangdong and east China as a major breakthrough region.