[photopress:Dalian_port.jpg,full,alignright]Dalian Port is the listed arm of one of China’s largest container terminal operators and it is a neat indicator of how logistics is booming in China. It has announded that its net profit for the first half of the year rose by 54.8 percent (an amazing increase) to reach RMB 375.19 million from RMB 242.4 million the year before.
The increase in revenue was attributed to an increase in container throughput as well as a rise in the rental income of container berths and new crude oil storage tanks.
So can this astounding growth continue? It looking at what might happen in the second half of the yearthe group said that it anticipates foreign trade in Northeast China, especially in Liaoning province, to increase due to the implementation of strategic proposals by the Chinese government under its plan for the revitalization of old industrial bases in the northeastern part of China.
Foreign trade value in the northeast of China, where the company’s Dalian Port operates, increased by 13.4% over the first six months of the year while the increases in GDP in Heilongjiang province, Jilin province, and Liaoning is ahead of national growth ratres.
Furthermore, the group expects the increasing demand for energy — due to development of the domestic economy, higher production in refineries motivated by rising oil prices, and improvement of the multi-modal transport system — to make the company even more profitable. Dalian Port is engaged in the provision of oil/liquefied chemicals terminal and related logistics services, container terminal and related logistics services, and port value-added services.
Source: China Knowledge
You must log in to post a comment.