The principal activities of The China Infrastructure Group ("CIG" or the "Group") are investment in and the development, operation and management of container ports which are conducted through the WIT Port, which is 85% owned by the Group. As a deep water regional container hub port at the mid-stream of Yangtze River and a feeder port to the ports in Shanghai, the WIT Port plays a key role in the transportation of container cargo to and from Wuhan and surrounding areas along the Yangtze River corridor, including the upstream areas of Chongqing and neighbouring provinces.

The strong and well established industrial base of Wuhan featuring operators in major industries, including vehicle and engine manufacturers such as Nissan, Honda, Citreon, Renault and Cummins and LCD and electronics manufacturers such as Foxconn and TPV as well as those in the construction materials and farm products businesses have been and will continue to be the principal providers of Wuhan sourced container cargos to the WIT Port. As many of the manufacturing/assembly plants of these international companies are new, their planned production expansion is expected to continue to contribute to the growth in throughput at the WIT Port.

The transshipment services provided by WIT offering a more economical alternative to surrounding areas of Wuhan to ship container cargos using bigger ships carrying more containers to and from Shanghai and overseas as the inherent water-depth limitations along the up-stream regions of the Yangtze River preclude bigger ships from navigating directly between those areas and Shanghai. Surrounding areas which are serviced by WIT include Hunan, Guizhou, Chongqing, Sichuan, Shanxi, Henan, Hubei and Shaanxi Provinces. Strategic initiatives by the government for shipping companies and WIT to promote direct sailings to Yangshan Port in Shanghai (江海直達) have further strengthened the position of WIT Port as a transshipment port at the mid-stream of the Yangtze River.

With the development and growth of the container business on track, the Group has been developing its agency and integrated logistics businesses to expand its revenue sources, including bonded warehousing, customs clearance, break-bulk and distribution.

 
Shareholding in CIG Yangtze Ports PLC

 

CIG Yangtze Ports PLC ("CIG Yangtze") which owns and operates the port business of the group, was listed on the Stock Exchange of Hong Kong since September 2005 (Stock code : 8233). Its Major shareholder is Zall Infrastructure Investments Company Limited which holds approximately 74.97% shares of CIG Yangtze.

 

 

Financial Highlights