Sinotrans buffeted by world trade headwinds in H1 2023
Chinese logistics giant Sinotrans had a 13.33% y-o-y drop in revenues to RMB 47,837m (€6,144m) in the first half (H1) of 2023. The January to June results also showed a 6.73% y-o-y drop in operating profits to RMB 2,172m (€278.99m).