Sinotrans Long Aviation Department 500 million Yuan set up the finance company

Every reporter Cao Yuanyuan from Shanghai yesterday, Sinotrans Long Airlines Group Co., Ltd. (hereinafter referred to as Sinotrans Long Airlines) its a-share listed company long Aviation Oil Transport (600087,SH) and Sinotrans Development (600270,SH) at the same time, will and Sinotrans long airlines and other 7 companies,　　Jointly funded 500 million yuan to set up China Sinotrans Long Airlines Financial Limited liability company (tentative name, hereinafter referred to as Sinotrans Long Aviation finance). It is understood that the seven companies jointly funded by China and foreign airlines, the Yangtze River Shipping (Group) Corporation (hereinafter referred to as the Yangtze River Shipping), Sinotrans Company Limited, China charter company, long voyage oil transport, long Hang Group Shipbuilding Corporation, Sinotrans development, the proportion of contributions from 5% to 15%.　　Among them, Sinotrans long Aviation capital contribution of 275 million yuan accounted for 55%, the newly established Chinese and foreign shipping long aviation financial capital will also reach 500 million yuan.　　This is also the Yangtze River shipping and China Foreign Trade Transportation (Group) Corporation (hereinafter referred to as Sinotrans) after the reorganization of the first big big. At present, shipbuilding industry is experiencing the most difficult period, the international shipbuilding industry authoritative consultancy UK Craxon research company statistics show that May global ship orders were zero, at least 7 years since the lowest level.　　According to the latest data from China's Ministry of Transport, the first quarter of this year, the size of the port cargo throughput of 1.367 billion tons, down 3.3%, but a slight increase in the recent period.　　All this suggests that shipping and shipbuilding are at a low ebb, when joint ventures may be a new profit-growth point for these companies.　　Both listed companies in the announcement that if the establishment of a new financial company, after a preliminary estimate, 2010-2012 years, Sinotrans long Aviation finance will be able to achieve an average annual net profit of 42 million yuan, and will bring the company about 2.1 million yuan of investment income. However, Citic Investment and shipping industry analyst Qian Hongwei pointed out: "The general large companies have financial companies, this formation I think there is no special significance." The first half of the entire logistics, shipping industry is not very prosperous, orders are not much, some companies in the industry will feel the financial difficulties. However, the establishment of financial companies will not necessarily be able to bring the company much better profits. ”