China Company Report -- Rizhao Port Co., Ltd

China Company Report -- Rizhao Port Co., Ltd

The main business of Rizhao Port is loading and unloading iron ore and coal. In 2007 the throughput of iron ore and coal was 65.67 and 14.94 million tons, other kinds of business including cement, nickel, bauxite, and so on.

In 2007 the total cargo throughput was 89.92 million tons, an increase of 29 per cent year-on-year, 1.075 billion yuan incomes from the main business section, up 33.5 per cent year-on-year; 245 million yuan profits, increased 15.9 per cent year-on-year; achieved a total profit of 175 million yuan, up 18.9 per cent year-on-year; the total net profit was 167 million yuan, an increase of 25.9 per cent year-on-year.

Iron ore business is the main business of Rizhao Port, which accounting 70 per cent of the total throughput which was 65.67 million tons in 2007, also iron ore business accounting 70 per cent of the total incomes. Therefore, iron ore business is the main contributor for the business growth in future. Now, Rizao Harbour replaced Qingdao Harbour since 2007 became the biggest harbour for iron ore import, the proportion of iron ore’s throughput from 38 per cent in 2004 to 72 per cent in 2007.

Since 2008, there are many uncertain factors affect the China's Harbour industry, such as the slowdown in exports and U.S. economic recession. However, comparison with other harbours, container is their main business, Rizhao Port is focus on domestic trade and import, thus, the impact is relatively less.

From 1st Jan 2008, the Handling charge has increased in Rizhao Port. In addition, the Rizhao Port Group has been actively promoting Rizhao port group to go listed , there are still half of their berths belongs to Rizhao port Group, after their profitability has enhanced, group will be gradually injected them into the listed companies, which indicated that group strongly support the listed companies to achieve their sustainable development.

Contents

1 Brief of Rizhao Port Co., Ltd
1.1 The Structure of Main Business Revenue
1.2 Existing Main Production Assets

2 Advantage and Weakness of Competitiveness
2.1 Advantage
2.2 Weakness

3 Analysis and Forecast of Performance
3.1 Performance 2007
3.2 Expectation of a Rapid Growth in 2008

4 Main business
4.1 The Accelerated Growth of Iron ore Throughput
4.1.1 The Remained Rapid Growth of iron ore import
4.1.2 The Expanded Market Share of iron ore business
4.1.3 The Growth of Local iron and steel enterprises, which Demand the Growth in Throughput
4.1.4 Shandong Rizhao Iron and Steel Group and the Project of Rizhao Iron and Steel base Bring more than 50 per cent of Iron Ore Throughput
4.2 Coal Throughput
4.2.1 The Limitation of Coal Export
4.2.2 The Project of Shanxi Coal Transport channel
4.2.3 After Shanxi Coal Transport channel Completed, Coal Throughput Will Soar Several Times than Current Coal Throughput

5 Finance
5.1 Raising Handling Charge
5.2 The Changes of cost and the Growth of Gross Profit Ratio
5.2.1 The Press of Depreciation of Fixed Assets 2009
5.2.2 The Decrease of Rental Cost 2008-2009
5.2.3 The Rising Cost of Fuel and Power
5.2.4 The Rising Cost of Labour
5.3 Liability-Asset Ratio
5.4 Expenditure of 2009
5.5 Policy of Domestic equipment investment Deducts Income Tax


Figure Index

The Structure of Main Revenue 2007
The Growth of Performance 2007-2009
Proportion of Each Sections Throughput 2004-2007
The Output and Growth Ratio of China's Crude Steel 2004-2007
The Statistic and Forecast of China's Iron Ore import 1997-2008
The Import of China's Iron Ore and Loading of Rizhao Port 2001-2007
The Ranking of Import Iron Ore throughput of Each Harbour 2007
The Market Share of Rizhao Port Iron Ore business
The Main Customers of Iron Ore of Rizhao Port 2007
The Export and Growth Ratio of Coal since 1993
The Throughput of coal in China’s Main Ports 2003-2007
The Throughput of Coal in the main northern region Harbours 2000-2007
The Rising of Handling Ratio of Rizhao Port 2007-2010
The Structure of Main Cost of Rizhao Port
The Decrease of Liabilities-Assets ratio 2008


Table Index

The main Asset of Rizhao Port's Berths
The Output of Some Steel enterprises and Their Demand for Iron Ore 2008
The main Customers of Iron Ore of Rizhao Port 2003-2006
The main Customers of Coal of Rizhao Port 2003-2006
The Progress of fixed assets investment of Rizhao Port
The Expenditure of Rizhao Port 2008-2010