Pioneering The Domestic Supply Chain Market<br/>and Becoming an International First-class Intelligent Platform Enterprise
Sinotrans Logistics Co., Ltd. (Sinotrans Logistics) is the flagship contract logistics segment of Sinotrans Limited, which is China Merchants Group's unified operating platform for developing modern logistics business across China. It is also one of the largest contract logistics companies in China.
China Merchants Group is an important state-owned enterprise that is directly managed by the Central Government and has its operational headquarters in Hong Kong. It is also one of the four major Chinese enterprises in Hong Kong, and in 2022, it achieved a revenue of 959 billion yuan, an increase of 3.2% year-on-year. Total profits were 219.28 billion yuan, an increase of 3.3% year-on-year, resulting in a net profit of 179.6 billion yuan, an increase of 5.9% year-on-year. Total assets were 12.4 trillion yuan at the end of 2022. China Merchants Group has been awarded an A grade in business performance appraisal by the State-owned Assets Supervision and Administration Commission of the State Council for 18 consecutive years, and is also a "high-performance enterprise" for five consecutive terms. China Merchants continues to be an enterprise with two Fortune 500 subordinate companies, i.e., China Merchants Group and China Merchants Bank, with their rankings rising constantly.
Sinotrans Limited (Sinotrans) is the unified operation platform and brand of China Merchants Group's logistics business. It was listed on the Hong Kong Stock Exchange Limited on February 13th, 2003, and on the Shanghai Stock Exchange Limited on January 18th, 2019, as a company that conducts both A and H shares. With the vision of building a world-class intelligent logistics platform enterprise, Sinotrans focuses on customer needs and deep-rooted business pressures and challenges, and continues to create business and social value with the best solutions and services. The three business segments of Sinotrans are specialized logistics, proxy services and related business, and e-commerce business.
Sinotrans Logistics adheres to the business philosophy of "creating value for customers" and is committed to providing and implementing comprehensive supply chain management solutions to help customers improve operational efficiency, reduce costs, and focus on their core competitiveness. The company adopts a matrix management structure based on the "headquarters cluster", "regional cluster", "industry cluster" and "directly supervised company cluster". The company's business scope covers the whole country and most of the overseas regions, and it is committed to building itself into a globally leading and domestically leading intelligent platform enterprise in the supply chain market.
At present, Sinotrans Logistics has established five professional products: international supply chain, automotive transportation channels, intelligent warehousing, multimodal transportation, and supply chain finance. These products are centered around 5+1 industry sectors, including pan-consumer goods, technology and electronics, medical and health care, automobile and industrial manufacturing, new retailing, and special logistics. The company has established comprehensive and extensive cooperation with P&G, Mobil, GE, Philips, Mars, Nestle, Metro, Kimberly-Clark, BLACKWOODS, Kmart, and other Fortune 500 customers and government agencies, and has received widespread praise from customers.
By the end of 2022, Sinotrans Logistics generated an operating revenue of RMB19 billion and has a warehouse area of over 4 million square meters covering most of the mainland, Hong Kong, and Macao, China. We also have more than 30,000 vehicles and a total of 371 operational outlets in 118 cities, with nearly 8,000 employees. Our aim is to provide our customers with excellent supply chain logistics services, grow with them, and jointly promote the progress of the times with commercial success.
On March 12th, the integrated transfer station for cross-border cargo transportation was inaugurated in Nanshan District
This year, the successful completion of the distribution project for the Beijing Winter Olympics was achieved.
On February 6th, Sinotrans Logistics played a crucial role in escorting the first batch of 100,000 doses of the COVID-19 vaccine. The delivery, facilitated through the cold chain, was successfully transported to Macao
On September 22nd and 23rd, the launch of P&G's front warehouse function distribution project took place.
In February, Sinotrans Logistics equipped itself with anti-epidemic transportation equipment to aid in supporting the construction of Huoshenshan and Leishenshan hospitals
On October 30th, the company organized and hosted a seminar focused on digitalization.
On March 6th, China Merchants Logistics Holding Co., LTD underwent an official name change and adopted the new name Sinotrans Logistics Co., Ltd.
This year, Sinotrans Logistics received recognition as the China Intelligent Logistics Exemplary Enterprise.
Additionally, Sinotrans Logistics was invited to take part in the 14th Shenzhen International Logistics and Transportation Expo.
This year, Sinotrans convened a management meeting in Shenzhen to communicate the decision to revise the management system for contract logistics services.
Similarly, Sinotrans Logistics (in planning) conducted a management meeting at its headquarters during the year to announce the decision to reorganize its organizational structure.
Furthermore, Sinotrans Logistics (in planning) received recognition for its exceptional volunteer service organization in the 2017-2018 Shenzhen Municipal Office Work Committee.
This year, Chairman Zhang Dejiang of the National People's Congress visited China Merchants Group's China-Belarus Industrial Park.
On the afternoon of March 22nd, Deputy Prime Minister of Belarus Kalinin, accompanied by Yaroshenko, head of the administration of China-Belarus Industrial Park, inspected China Merchants Group's China-Belarus Business & Logistics Park.
In the same year, China Merchants Logistics entered into a strategic cooperation agreement with the China Railway 25th Bureau Group.
In January, Sinotrans Jiuling Sichuan successfully secured the bid for the completion of the Danone DC warehouse in Wenjiang.
Additionally, Sinotrans Jiuling Henan inked transportation agreements with two renowned global companies, namely Coca-Cola (Luohe Factory) and Budweiser.
On June 1st, the management rights of China Merchants Lukai were officially transferred to China Merchants Logistics.
Subsequently, on June 3rd, a strategic cooperation signing ceremony was jointly hosted by China Merchants Logistics and GLP.
In January, Sinotrans Jiuling Hebei received the prestigious title of "Safety Production Standardization Class B Enterprise.
In the same year, Sinotrans Jiuling Shanghai assumed responsibility for the trunk line business of JD.COM Transportation Department. The company's outstanding performance led to the achievement of excellent customer service and carrier awards in the second quarter of the year.
On May 12th, President Xi Jinping and President Alexander Lukashenko of Belarus visited the China Merchants China-Belarus Industrial Park.
On the afternoon of July 8th, following a meeting with Vice Premier Zhang Gaoli, Deputy Prime Minister of the Republic of Belarus Kalinin and his 9-member delegation toured the China Merchants Logistics Beijing Distribution Center. General Manager Xu Yongjun made a special trip to Beijing to extend a warm welcome.
On the afternoon of January 5th, a formal signing ceremony for the equity transfer of Americold Realty Trust in the China Merchants Tower in Hong Kong, was hosted by China Merchants International and China Merchants Logistics. China Merchants Logistics successfully took over China Merchants Americold.
During the year, Sinotrans Logistics Development successfully secured contracts with Fortune 500 customers, refining its regionalized network platform
In November, Jiuling Hebei ventured into the business of JD.COM, making a noteworthy contribution to the progress of e-commerce logistics.
This year, the establishment of China Merchants Disaster Express was officially announced.
During the same year, China Merchants Logistics participated in the "Silk Road Economic Belt Transportation Summit" held at the China-Eurasia Expo
In October, Wuhan Jiuling secured the bid for internal and external warehouse operation management, along with short barge transportation services for Danone's new plant in Wuhan. This accomplishment signifies the fundamental refinement and integration of the transportation and warehousing business model for professional logistics companies. The Wuhan Jiuling team comprises 36 regular employees, and they manage an escrow warehouse area exceeding 20,000 square meters.
On November 6th, a shipping ceremony was held for the "China Merchants Logistics Holding Co., LTD-Beijing Electronic Science and Technology Vocational College Off-campus Talent Training Base."
China Merchants Logistics formalized a cooperation agreement with the Xinjiang Production and Construction Corps.
Sinotrans Jiuling Hebei received recognition as an "Honest Enterprise in Hebei Province.
In the same year, Sinotrans Jiuling Beijing expanded its city distribution business to include Bestseller, Uni, and Danone, while also extending operations for Procter & Gamble, TPV, and Uni trunk transportation. These expansions contributed to the branch surpassing its revenue target of more than 200 million RMB.
On January 11th, Liu Songjin, former Vice Minister of Transportation and former Chairman of China Merchants Group, paid a visit to the China Merchants Logistics Qianhai Demonstration Base.
In the same year, China Merchants Logistics participated in the China (Shenzhen) International Logistics and Transportation Fair
In December, Sinotrans Jiuling successfully managed the inland transportation of white sugar during the crushing season, signaling a significant advancement in the realm of multimodal transportation.
On January 17, China Merchants Logistics was honored with the title of National Advanced Logistics Enterprise of the Year 2010.
In January, China Merchants Logistics successfully concluded the acquisition of all shares of Yitong Company.
In April, Sinotrans Jiuling Sichuan received the feasibility study report for the "Sinotrans Chengdu Dump Truck Terminal Construction Project.
In 2011, Sinotrans Jiuling Shanghai assumed responsibility for the Shell Project Department in Zhapu town.
This year, China Merchants Logistics received commendation as an exemplary unit in Shenzhen for its dedicated efforts in preventing workplace injuries.
Sinotrans Logistics Development reached a significant milestone by signing a contract with BMW, marking a pivotal moment in the evolution of automotive supply chain services.
In a notable achievement, Sinotrans Jiuling Tianjin was acknowledged as the sole supplier in Asia to be honored with the prestigious "P&G Quality Peak Award."
This year, Sinotrans Jiuling Shanghai branch's Lenovo Project Department successfully executed a warehouse relocation within a month, achieving a commendable zero error rate. The process involved moving from the original Jufang warehouse, spanning over 11,000 square meters, to the Taofei Industrial Park warehouse, covering more than 18,000 square meters
Simultaneously, Sinotrans Jiuling Hebei this year, initiated the leasing of warehouses to conduct warehousing and distribution business. Consequently, the company's warehousing area expanded significantly, growing from 800 square meters to nearly 20,000 square meters.
In 2008, the first issue of the China Merchants Logistics newspaper was published.
In May, China Merchants Logistics actively engaged in relief efforts for the Wenchuan earthquake. Hu Zheng, Vice President of the Group, personally oversaw the deployment of relief operations on the frontline, focusing on the collection of relief materials.
During the same month, Sinotrans Jiuling Sichuan received recognition as the "Advanced Group for Earthquake Relief" from Sichuan Modern Logistics Association for their substantial contributions to the transportation of disaster relief materials by both rail and highway
This year, Sinotrans Jiuling achieved a profit exceeding 10 million Yuan for the first time, bringing its total profit to over 14 million Yuan.
On June 29, China Merchants Shekou Industrial Park Co., Ltd. officially handed over the management of China Merchants Logistics Group Co., Ltd. to China Merchants Group, completing the merger between the two companies.
Following the upgrade to a first-grade company, China Merchants Logistics Holding Co., LTD held its first comprehensive working meeting on July 18th at Minghua Conference Center in Shekou, Shenzhen. During this meeting, Chairman Qin Xiao made a request, and President Fu Yuning personally delivered a speech on the final day of the event.
In the same year, Sinotrans and Juling embarked on a phase of strategic development, giving rise to the establishment of the "Sinotrans Express Brand.
Additionally, Sinotrans Logistics Development formed partnerships with Cooper and Metro this year, marking its expansion into the supermarket industries.
China Merchants Logistics garnered recognition as the '2005 Shenzhen Integrity Logistics Enterprise,'
China Merchants Logistics further achieved the top position in the assessment of key logistics enterprises in Shenzhen for the year 2005.
Simultaneously, Sinotrans Logistics Development Co., Ltd. was officially established in the same year. The company entered into contracts with Cooper and Metro, marking its entry into the tire and supermarket industries
Furthermore, Sinotrans Jiuling earned distinction as one of the "Best Five Outstanding Enterprises" for the years 2005-2006, as recognized by China Shippers' Association.
In January, Xunlong II, a vessel under China Merchants Logistics, received the prestigious title of "Civilized Passenger Ship" from the Ministry of Transportation and Communications, recognizing its exemplary conduct for the years 2003-2004.
On January 13th, Vice Minister Liao Xiaoqi of Commerce led a delegation involving various departments, including the General Office, the Department of Informatization, the Department of Commercial Reform, and the Office of Policy Research, on a visit to China Merchants Logistics.
Towards the end of the year, Sinotrans Jiuling Hunan entered into a collaboration with Bosch (China) Investment Co., Ltd, a global industry giant, diversifying its business portfolio
In the current year, China Merchants Logistics received acknowledgment as an exemplary unit in the National Transportation Internal Audit Work by the Ministry of Transport.
Additionally, the company was honored as one of the "Top 100 Logistics Enterprises in China" by the China Communications and Transportation Association.
In the same year, Sinotrans Jiuling proactively delved into the development of a new business product, i.e., LTL Express
Within the same timeframe, Henan Jiuling established a warehouse logistics information platform, aiming to optimize and elevate logistics operations. Notably, the platform achieved a substantial breakthrough in addressing challenges presented by "big customers."
On May 8th, China Merchants Logistics orchestrated the transportation of the initial shipment of anti-SARS materials from the Central Government to the Hong Kong SAR Government in Shenzhen.
In the same year, Sinotrans Logistics Development, at its initial stage, formalized an agreement with Danone, marking its foray into the food manufacturing and distribution industry.
In August, Sinotrans Jiulin established a strategic partnership with Lenovo and launched its business transformation program.
Throughout the preceding year, Sinotrans Jiulin's preeminent freight forwarding business played a pivotal role in fostering the expansion of other businesses.
On December 8th, China Merchants Logistics Co., Ltd. was renamed China Merchants Logistics Holding Co.,LTD
During the same year, China Merchants Logistics earned recognition as the foremost third-party logistics enterprise in Guangdong Province.
Simultaneously, Sinotrans Jiuling heeded the headquarters' call to transition from exclusive container transportation to third-party logistics
Additionally, Sinotrans Logistics Development, in its initial stage, established a nationwide network of RDCs.
On May 23rd, Shenzhen Merchants Anda Industry Co., Ltd. was renamed China Merchants Logistics Co., Ltd.
On December 4th, an invitation was extended to China Merchants Logistics to join the provincial conference on circulation reform and development. At this gathering, Li Changchun, then a member of the Politburo and secretary of the CPC Guangdong Provincial Committee, took the initiative to personally guide a delegation of over 260 representatives in conducting an inspection of the China Merchants Logistics Yiwan distribution center.
It was in this year that Sinotrans Logistics Development, at the initial stage, established the Beijing RDC.
In that same year, Jiulinging Hunan Company underwent a significant transformation, shifting from self-funded vehicle transportation to road freight forwarding. This strategic shift represents a transition toward a new business model.
This year, the Jiuling system recorded a financial loss, prompting the company to initiate modifications to its corporate configuration, business framework, and operational model. These adjustments encompassed strategies such as transfers, closures, and equity replacements, leading to the divestment of nine out of the initial fifteen Jiuling companies. Simultaneously, a network layout featuring seven core cities in various regions, including Shenyang, Shanghai, Chengdu, and Guangzhou, was successfully established.
On January 9th, Sinotrans Motor Transport and Sinotrans Hunan established a joint venture in Hunan Sinotrans Jiuling Storage & Transportation Co., Ltd. in Changsha, which marks the launch of a new frontier in the field of inland transportation. At the start of the investment, the company had 5 vehicles of its own, with a capacity of 75 tons
In January, Sinotrans Hebei was officially merged with Sinotrans Jiuling headquarters, and renamed Hebei Sinotrans Jiuling Storage & Transportation Company, joining the club of Sinotrans Jiuling Company.
This year, Shenzhen China Merchants Anda Industry Co., Ltd. collaborated with the UK Tibbet & Britten Group to establish Tibbet & Britten Anda Logistics Company.
In the same year, the first Jiuling Company was established in Xinjiang
And, the Henan Sinotrans Zhengzhou Storage, Transportation and Trading Company was renamed Henan Sinotrans Jiuling Storage and Transportation Company.
This year, Shenzhen Merchants Anda Industry Co., Ltd. collaborated with the Singapore Science and Technology Group (SST) to establish the SST Anda Logistics Support Company.
Sinotrans International Intermodal Transportation Agency was established, the predecessor of Sinotrans Logistics Development.
At the end of the year, the company's name was changed from Zhengzhou Warehouse, Henan Branch of China National Foreign Trade Corporation to Henan Sinotrans Zhengzhou Storage, Transportation and Trading Company, the predecessor of Henan Jiuling