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Hanjin Shipping Co.,Ltd. (000700)   STOCK
 
Address 25-11,YEOEUIDO-DONG, SEOUL
Home Page www.hanjin.com
Established 1949.12.23 Tel 02-3770-6114
Listed 1956. 3. 3 IR 02-3770-6214
Common shares O/S 88,368,297 President Choi,Eun Young/Kim,Young Min
Preferred shares O/S No.of Employees 1,503(2009. 9)
Sales fell, due to freight recovery delay, despite increase in container cargo upbeat, and reduction in transport and ship rental income, deriving from the reduction of bulk fleet. Turning into deficit with plummeted profitability stemming from oversupply of ships and freight decline. Firm's total borrowings reach 4.5616 trillion won, which is excessive level in view of cash creation ability thru operating activities.
Sales are forecast to improve compared with the first half, due to many countries' economic support policy including China, along with container and bulker cargo recovery. Although profit improvement looks faster relatively, in view of advanced countries' consumption recovery with high sales ratio in the America/Europe lines, it is likely limited amid continuous oversupply concern. Borrowings burden is expected to be added by 2012, when ship delivery is finished, because of weak cash creation from operating activities, deriving from poor sales performances.
(date: 2009.06, unit : %)
Name Mirae Asset Invst KOREAN AIR LINES Yanghyun Foundation
Portion 5.5 5.5 3.7
(unit : %)
Sales Container 77.2 Cost Raw Materials
Bulk 22.1 Labors
Others 0.6 Overhead
(Unit : 100Mn.Won,Won)
Year ~02.12 ~03.12 ~07.12 08. 7 ~08.12
Type CB CB CB MA CB
Amount 211.19  1.75  394.94  386.81  50.96