Sinotrans Releases 2022 Annual Results

On the evening of March 27, 2023, Sinotrans Central China Co., Ltd. released its 2022 annual performance report. The data shows that in 2022, Sinotrans has realized operating income of 108.817 billion yuan, which is stable at a scale of 100 billion yuan. And it has realized net profit attributable to the parent company of 4.068 billion yuan, an increase of 9.55% over the previous year, net cash inflow from operating activities of 5.118 billion yuan, a year-on-year increase of 22.90%. The key financial indicators remain stable, and liquidity is sufficient.

In 2022, under the background of increasing downward pressure on the world economy and slowing growth momentum of global trade, the recession of major economies had a greater impact on trade demand and logistics demand. In the face of challenges, Sinotrans has demonstrated strong resilience and competitiveness, it seized market opportunities, achieved steady improvement in operating performance and quality improvement.

Looking forward to 2023, the company’s management said, “Sinotrans will firmly grasp the opportunities brought about by the bottoming of country’s economy and the boost of domestic demand, continue to expand emerging markets such as Southeast Asia and the Middle East, comprehensively accelerate digital transformation, gradually form an independent and controllable, safe and reliable full supply chain operation system and service capabilities, and consolidate the company’s leading position in the logistics industry.”