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Achievement indicators and keynote report |
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| I. Economic achievement indicators and economic report |
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| ii. Performance indicators|1.
Direct influence |
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Clients |
To provide better service for clients, COSCO Group set up the Client Relation Management Department in April 2005 and issued the Measures on COSCO (Group) Company Client Relation Management, aiming to push all-round cooperation with strategic partners. The group has signed strategic cooperation contracts with large cargo owner, and detailed and settled strategic the contracts. It endeavors to do well in project development and client keeping together with specialty subsidiary companies. With the opening of business cooperation driving meetings, COSCO tries to enhance its communication with strategic clients, know about clients' advice and suggestions, What's more, the group makes great efforts to cope with clients' complaints in time, trying to find and solve the problems and make careful conclusions for the processing courses and results.
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Suppliers |
COSCO strictly follows the contract in payment, the details of which will
be revealed in the annual report of 2006.
In the group's raw material, cargo and service purchase, fuel and shipbuilding account for the largest share. After the adoption of collective purchase, the fuel cost was down over 20 million dollars in 2005.
To save energy and decrease consumption, COSCO Group has adopted ABB's advanced turbo-charging technology. In 2005, ABB has won an order for nine million yuan-valued turbocharger parts and services. According to their contract, ABB will provide parts and related services for the rebuilding of mainframe turbocharger technology of COSCO Container Lines' container vessels of 4,100 standard container vessels, to help this series vessels improve shipping speed and save fuel. After the adoption of ABB's maintenance program, the ship engines have seen distinct performance improvement, with the shipping speed up by 1 mile/hour and fuel consumption drops by 8%. This has saved over one million yuan-valued fuel consumption each year for every ship.
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Employees |
The group has been insisting on the strategy of "Talents empowering
enterprise" and deepening its reform in modern personnel system, which has
greatly strengthened employees' enthusiasm, initiative and creativity. COSCO
has been paying attention to and enhancing the construction of encouragement
and restriction mechanism, and is the first state-owned enterprise adopting
annual salary system among senior executives of second-tier companies. It
has extended the opening and democracy in executive selection and appointment,
put the public disclosure system into practice before the post assumption
of executives, and carried out trial adoption of post competition. The group
has been persistent in the implementation of "Key Talent Strategy", to drive
its talent project. COSCO has been deepening the reform for crew management
system, and stably driven the works in provision for the aged, medical care,
and unified social planning. With the human resources configuration turning
from the administrative platform to the market platform, and with the principle
of win-win cooperation between enterprise and employees, the group has basically
realized efficient encouragement and restriction mechanism among employees.
COSCO has driven the plural culture management, implemented "Globalized Thinking, Local Operation", and fully absorbed, gathered, encouraged and adopted excellent operation talents from the world to actively push its own globalized operation and development.
Since the information about salary is highly sensitive, it is inconvenient to publicize here.
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Capital suppliers |
COSCO has made historic breakthrough in operation benefit, and hit new record of achievements year by year. In 2005 the group was the No.1 with regard to benefit and tax.
COSCO
Group has seven listed companies, which have made remarkable achievements
in 2005
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Indicators of COSCO's listed
companies (as of December 2005)
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Company |
Total Market Value |
Share Percentage |
Market Value for Share Percentage |
Market Value in Renminbi |
Net Assets Yield |
China COSCO |
HK$21 billion |
63.5 |
133 |
136 |
29.56 |
COSCO Pacific |
HK$30.5 billion |
52 |
159 |
162 |
17.82 |
COSCO International |
HK$1.7 billion |
58.6 |
10 |
10 |
31.16 |
COSCO Corporation |
2.4 billion Singapore dollars |
54.6 |
13 |
65 |
29.78 |
COSCO Shipping |
4.3 billion yuan |
60.4 |
26 |
26 |
32.29 |
CIMC |
15.5 billion yuan |
16.2 |
25 |
25 |
28.23 |
| China Merchants Bank |
68.3 billion yuan |
8.53 |
58 |
58 |
15.93 |
Exchange rate adopted: Hong Kong Dollar 1.02 Singapore Dollar 5
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Public sectors |
COSCO has established a leading team and workgroup for the construction
of energy-conserving enterprise and implementation of Global Compact, with
two employees responsible for the daily affair processing. Each subsidiary
company of the group has also set up a leading team and workgroup for the
construction of energy-conserving enterprise and implementation of Global
Compact, appointing affair agency and directors. A total of about 40 employees
have been responsible for the Social Liability Sector.
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