China Trade Logistics Revenue In The First Half Of 4 Billion 494 Million Yuan Net Profit Increased By 2%

On August 23rd, Hong Kong China Travel International Trade Logistics Limited by Share Ltd (hereinafter referred to as "Huamao logistics") released its semi annual report in 2019 in August 22nd. According to the financial report, in the first half of 2019, the trade income of China trade logistics reached 4 billion 494 million yuan, an increase of 4.32% over the same period last year, and the net profit attributable to the parent company was 185 million yuan, an increase of 2% over the same period last year.

According to the financial report, the net profit attributable to shareholders of listed companies after deducting non recurring gains and losses was 186 million yuan, an increase of 9.96% over the same period, and a basic earnings per share of 0.18 yuan.

The report shows that the volume of air cargo in Huamao logistics in the first half of the year was 171 thousand and 300 tons, an increase of 0.46% over the same period last year. The volume of shipping business was completed by 502 thousand and 400 TEUs, an increase of 11.37% over the same period last year. Warehousing third party logistics and air material logistics performance showed double-digit growth, especially logistics and De Xiang logistics maintained steady development.

According to public information, China trade logistics was established in December 26, 1984, which covers shipping, land transportation, air cargo import and export cargo, transit goods, international exhibits and private goods. Huamao logistics is based on the cross border modern integrated third party logistics, which is located in China's main ports, inland developed cities and Hongkong, Singapore, New York, Losangeles, Atlanta, Frankfurt and other places.

The media noted that in August 21st, China trade logistics and its subsidiaries, Hongkong Huamao and Chen Stephen Ping, Chang Danhong, Shanghai pre expectation supply chain management center (general partnership), Xun Cheng international, Xiao Sufen and sing Hai signed the "equity transfer agreement". China trade logistics and Hongkong Huamao respectively purchased 70% stake in Huaan run Tong and Huada international, and the total transaction consideration was about 619 million yuan.