CSCL Announced the 2006 Annual Results

China shipping Container Liners Co., Ltd (CSCL) announced the 2006 Annual results on 11 Apr, 2007,which is concerned by all parties. The Chairman of CSCL, Mr. Li Shaode, the managing director, Mr. Huang Xiaowen and other management attended the press releasing and the results presentation held in the Shangri-La Hotel. More than 80 fund managers and investing analysts from around 50 large securities in Europe, Asia and America attended the results presentation. Nearly 70 media delegates from local, PRC and foreign countries located in Hong Kong attended the press releasing.
For the period, CSCL recorded a turnover of RMB30,502,378,000, achieving an increase of 7.5% as compared with the same period last year. However, because of the rising of fuel price ,the falling of freight rates in main trade lanes , and RMB appreciation, profit after taxation for the profit attributable to equity holders decreased by 76.0% as compared with the same period last year to RMB859,210,000 Basic earnings per share amounted to RMB0.14, representing a decline of 76.3% as compared with the same period in 2005.
During 2006, the Group adjusted the proportion of shipping capacity in several trade lanes according to market demand to further optimize the trade lanes. Secondly, the Group strengthened the range and depth of its external cooperation so that the coverage of the trade lane network was further expanded. Thirdly, the Group implemented the strategy of improving the quality of its trade lanes so that competitiveness was enhanced and economic benefit was greatly increased.
More than 80 investors and 70 reporters were concerned about the operating performance. They asked questions actively and especially interested in the business strategies and operating emphasis of CSCL in future.
In future, in respect of operation, the Group will take a serious of measures to improve the ability to make profit:
The Group will continue to strengthen the construction of the branding of its trade lanes. The Group will continue to strengthen the scope of cooperation and enhance its resource integration ability. The Group will put emphasis on the development of regional trade lanes abroad while maintaining its competitiveness in domestic trade lanes. The Group will continue to devote itself to improving the current transportation imbalance, strengthening the solicitation of backhaul cargo and enlarging the proportion of long-term customers. The Group will continue to adjust its fleet structure. The Group will deeply exploit the potential of cost savings. In addition, the Group will continue to strengthen talent development, establish information technology systems, and promote its corporate culture and service concept, etc., all of which have always been the Group s emphasis.