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Article: CHINA'S POST INDUSTRY SUFFERS CNY 1.1BN LOSS IN 2004
- Article from:
- AsiaInfo Services
- Article date:
- December 22, 2005
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AsiaInfo Services
12-22-2005
China's Post Industry Suffers CNY 1.1bn Loss in 2004
BEIJING, Dec 22, 2005 (SinoCast via COMTEX) -- China's post industry totally suffered loss of CNY 1.1 billion in 2004, reported by the latest China Economic Census on December 16, 2005.
China had 1, 834 post companies with 675,000 employees in 2004. They achieved revenue from the major business of CNY 56.38 billion (USD 1 = CNY 8.06) while their liabilities-to-assets ratio was 24.6.
The economic census also reveals that all transportation, storage and post businesses in China received revenue from major business of CNY 1.16611 trillion in 2004. The transportation sector contributed 87.5, storage, 7.7, and post, ...