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Han Jin Transportation (002320)   STOCK
 
Address 21ST FL.,HANJIN BLDG.,118,NAMDAEMUNNO 2-GA, JUNG-GU,SEOUL
Home Page www.hanjin.co.kr
Established 1958. 3.10 Tel 02-728-5114
Listed 1974. 8.12 IR
Common shares O/S 11,974,656 President Jo,Yang Ho/Lee,Won Yeong
Preferred shares O/S No.of Employees 1,981(2007. 6)
Though overall biz revenue was expanded, due to sales increase in the arrangement and courier biz, firm's year-on-year operating profit ratio was at the level of the previous year, because of rate decline in the logistics sector and poor profitability in the courier sector. Firm turned into red balance with loss on valuation of investments using the equity method deriving from temporary reflection of Korean Air's penalty that the firm holds 9.24% of stake in the Korean Air in terms of ordinary income and net profit. Firm exports parts and semi-finished goods produced in Korea to 15 countries' GM Group's local assembly plants including Vietnam and China; firm's competitiveness has been consolidated.
As the environment of harbor stevedoring sector environment that accounts for about half of logistics biz sales improves, firm's growth in the sector is forecast, but growth speed is likely to be slow, due to fierce competition in the courier sector. Outsourcing fee is expected to diminish, and firm's profitability improvement is projected, thanks to labor cost savings deriving from restructuring and rate increase with individual cargo owners. Firm's long-term growth is expected, in view of reorganization of harbor labor supply system, government's logistics biz fostering, and increase in harbor stevedoring work stemming from Korea-U.S. FTA.
(date: 2007.06, unit : %)
Name JUNGSEOK ENTERPRISE Mirae Asset investment National Pension Corporation Fund
Portion 15.4 13.4 8.0
(unit : %)
Sales Services Related Transportation 47.1 Cost Raw Materials
Cargo Transport 18.0 Labors
Others 25.8 Overhead
(Unit : 100Mn.Won,Won)
Year 99. 7 99.11 ~99.12 00. 3 00. 4
Type RI MA CB RI SD
Amount 106.66  2.03  27.61  116.94  14.03