As the energy price continued to operate at a high level in the first quarter, the growth trend of the transportation and warehousing industry slowed down in the first quarter, but the performance of the port and expressway industry in the first quarter was still stable.

According to statistics from the information center of the newspaper, 58 listed companies in the transportation and warehousing industry achieved a total revenue of 389 in the first quarter.

1.6 billion yuan, a year-on-year increase of 22.16%; but due to the increase in costs, while the main income growth, net profit fell sharply, a total net profit of 2.3 billion yuan, down 35.36%.

Among the 58 companies, 52 companies are profitable, and 16 have net profit of more than 100 million yuan; 6 companies have lost money, and 4 companies have lost more than 100 million yuan. Earnings per share, return on equity and net cash flow per share were 0.04 yuan, 1.19% and 0.14 yuan respectively.

Serious losses in the oil industry

Affected by the rise in refined oil prices, the related downstream oil industry is costly. The price transmission mechanism is not smooth, and the price digestibility of some industries, which are closely related to the public transportation, is directly weak, which directly leads to a sharp decline in profits of some companies.

Aviation listed companies suffered from soaring fuel prices in the first quarter. Statistics show that the total loss of domestic airlines in the first quarter of this year exceeded 2.1 billion yuan. The main reason for the huge losses is that the cost of jet fuel remains high. Shanghai Airlines suffered a loss of 140 million yuan in the first quarter. The losses of China Southern Airlines and China Eastern Airlines reached 665 million yuan and 960 million yuan respectively. According to industry insiders, the reasons for the huge losses in the first quarter of the domestic airlines, in addition to the high price of jet fuel, are also an important reason for the relatively large capacity of the airlines and the high operating costs.

The public transportation industry, which is also a large oil user, is also a common loss. The public transportation industry such as city buses is mainly for the general public. The public transportation industry is generally losing money due to its own positioning and the difficulty in adjusting the price to transfer oil to consumers in a short period of time. G Beiba was barely flat in the first quarter of last year, achieving a net profit of 640,000 yuan, and a loss of 110 million yuan in the first quarter of this year.

Port and highway performances are bright

The port and highway industry continued to grow rapidly in the first quarter when the growth of the transportation industry slowed down and the overall situation was slightly weak.

In the first quarter, port transportation started well, and the cargo throughput of ports above designated size was 1 billion tons, a year-on-year increase of 15.6%. The foreign trade cargo throughput reached 350 million tons, a year-on-year increase of 10.9%. Statistics show that in the first quarter, the country's major ports shipped 92.59 million tons of coal, an increase of 1.7% year-on-year. The coal-water transportation situation is stable. The port handled 37.94 million tons of crude oil, of which the import and export volume of imported crude oil was 33.05 million tons, an increase of 4.7%.

The first quarter was the traditional off-season of container transportation. However, the port container throughput in the first quarter of this year still increased by about 20% on the basis of the rapid growth of the same period last year, reaching 19.34 million TEU. G Yantian Port achieved a net profit of 144 million yuan in the first quarter, an increase of 24.85%; G Tianjin Port's first quarter net profit of 109 million yuan, an increase of 47.2%; G Chongqing Port's first quarter net profit increased by 107.65%.

Industry insiders expect that domestic ports will gradually transition from a passionate growth phase to a stable growth phase after years of rapid growth. In recent years, the average annual growth rate of port container throughput has reached 30%, greatly exceeding the growth rate of GDP. In 2005, the container throughput of the national ports increased by 24% year-on-year. The growth rate continued to decline slightly on the basis of 26% in 2004, and the trend of stable port growth became increasingly obvious.

Road transport still occupies an important position in the domestic passenger and freight market. According to the National Information Center, since 2006, the volume of road freight traffic has maintained a relatively fast growth trend. In the first quarter, the national freight transport volume and cargo turnover were 3.29 billion tons and 220 billion tons, respectively, up 7.6% and 11.7% over the same period last year. The main reason is that the steady and rapid growth of the national economy provides strong demand for transportation for transportation production. For example, in Shandong, with the operation of the manufacturing base project in Jiaodong Peninsula, the development of processing trade has been further accelerated, import and export have become more active, and road transport has received a large amount of supply.

Benefiting from this, the listed companies in the expressway industry performed very well in the first quarter. There are five companies with a net profit of more than 100 million yuan: G Yue Expressway, Zhongyuan Expressway, Fujian Expressway, Ganyue Expressway and G-Shen Expressway. Hainan Expressway's net profit increased by 115.53% in the first quarter, Chutian Express's net profit increased by 149.85%, and Tibet Tianlu's net profit increased by 169.36%.

Throughout 2006, the continuous growth of production of basic industrial products such as energy and raw materials has provided a large number of transportation, long-distance transportation and cross-regional basic supply for transportation, which will become an important growth point for railway and port transportation production.

The National Information Data Center predicts that the main mode of transportation in 2006 will exceed 18.6 billion tons, which is 5.4% higher than that expected in 2005. The cargo turnover will reach 8.1285 billion ton-kilometers, an increase of 7.9% over the expected completion in 2005. Passenger transportation increments are also expected to reach new heights in the whole year. It is expected that the passenger transportation volume of the main transportation modes will reach 19.265 billion in 2006, and the passenger turnover will reach 1,839.95 billion person-kilometers, which is 4.3% and 4.8% higher than the expected completion in 2005.

From the statistical results, the fluctuations in road freight volume and GDP are very similar. If the macroeconomic growth rate slows down in 2006, it will bring about a certain decline in the growth rate of road freight traffic. In addition, whether the fuel tax is levied will also be an uncertain factor facing the road industry. After the fuel tax is levied, whether the road traffic can grow depends on how the road maintenance fee of the credit, the cost reduction caused by the fuel economy effect and the fuel price after the rise are played. However, under the current level of economic development in China, the stability of the expressway industry is very obvious, and it is not difficult to maintain stable growth in the performance of related listed companies.