The profit growth of logistics enterprises has dropped sharply, and the operating difficulties have intensified

On July 20, the "analysis of logistics operation in the first half of 2011" released by China Federation of logistics and purchasing and China Logistics Information Center shows that the growth of main business profits of key logistics enterprises has decreased significantly since this year. Under the dual influence of rising logistics costs and low logistics service prices, coupled with the tightening of funds, logistics enterprises still have great difficulties in operation, and the future market will increase Long fatigue.

The data provided by the above analysis report shows that from January to May this year, the main business income of key logistics enterprises increased by 30.9% year-on-year, and the cost of main business increased by 33%. The growth rate of main business cost was 2.1 percentage points higher than that of main business income. The main business profit increased by 4.2%, with a year-on-year decrease of 33.2 percentage points, which was 23.7 percentage points lower than that of Industrial Enterprises above designated scale in the same period. The profit margin of revenue was 5.2%, 1.3 percentage points lower than that of Industrial Enterprises above designated scale in the same period.

According to the analysis, the cost rise of logistics enterprises is mainly affected by the rising prices of raw materials, fuel, power and labor. At the same time, the financing cost of logistics enterprises has increased significantly due to the tightening of the state's money supply, the increase of loan interest rate and the low efficiency of enterprise capital utilization. Among them, the oil price rise is the first to erode the profits of enterprises. Since the fourth quarter of last year, domestic gasoline and diesel prices have risen four times. In June 2011, diesel oil prices rose by 22.6% year-on-year, while gasoline prices rose by 16.9% year-on-year.

In the first half of this year, the storage cost of China's logistics industry was 1.3 trillion yuan, a year-on-year increase of 22.7%, 6.6 percentage points faster than the same period last year. Among them, interest expenses amounted to 531.2 billion yuan, an increase of 24%, 1.4 percentage points higher than the first quarter and 14.7 percentage points higher than that of the same period last year. The rise of interest expense is mainly affected by the increase of interest rate, which directly increases the cost of enterprise capital use.

In terms of price, the logistics market price in the first half of this year was low. In terms of highways, in the first half of this year, the highway freight rates of large and medium-sized enterprises increased year-on-year, but the comprehensive highway freight index of small and medium-sized enterprises basically fluctuated around 60 points. Although the oil price continues to rise, the road transportation market dominated by small and medium-sized enterprises is in a fierce competition. In terms of shipping, since this year, China's coastal bulk freight index has fluctuated downward, averaging 1369.5 points in the first half of this year, down 56.7% year-on-year.

The industry expects that the development environment of logistics enterprises will be improved in the second half of this year, but there are still many challenges. From the perspective of favorable policy factors, the executive meeting of the State Council on June 8 this year proposed the "eight national articles" to promote the development of logistics industry. Recently, when inspecting logistics enterprises, Premier Wen Jiabao pointed out: to take effective measures to revitalize the logistics industry, these measures should not only be introduced quickly, but also must be carried out.

In terms of adverse factors, international financial risks and debt crises are widespread, and the recovery momentum of the world economy, especially the European and American economies, is not stable. At the same time, commodity prices fluctuated at a high level, and prices of raw materials, fuel, power and labor costs continued to rise, highlighting the survival pressure of enterprises. As the central bank has raised the reserve ratio and deposit and loan interest rates for many times, which has increased the pressure on the capital chain of enterprises, many enterprises have multi angle debt.

According to the comprehensive judgment of China Federation of logistics and purchasing and China Logistics Information Center, the favorable factors of China's logistics operation are greater than the disadvantages in the second half of the year, and will still maintain a stable and rapid development.