Overview

China Post experienced a new developing period in 1999. Every service saw a sustainable and stable growth. The yearly overall turnover scored Y 19.84 bn, up 19.4% over last year; operahng revenue reached Y 36.98 bn, a growth of 28.8% over last year. The overall Produchvity was Y 66,700.

Delivery service traffic increased by 1 .6% over the comparable period in last year leading to a growth of 14.8% over last year in terms of revenue; postal savings service tfaffic increased by 18.4% and revenue increased by 48. l% over the comparable period of last year; philatelic service traffic increased by 0.6% over last year with 8.8% increase in revenue. Mail volume reached 6.081526 bn with a revenue of Y 4.07 bn, parcels volume 97.259 m with a revenue of Y l.63 bn; cumulative volume in newspaper 19.590746 bn and in magazine I .241342 bn with a combined revenue of Y4.42 bn. Postal deposit balance reached Y 381 .51 bn generahng Y I I .34 bn in revenue. Philatelic service revenue completed Y 8.48 bn. International mail (including to and from Macao and Hongkong) processed yearly amounted to 82.931 m, among which EMS reached 3.475 m, up 3.4% over last year and parcel 703,000, up 18.3% over last year. Postal communication network witnessed how headway. Remarkable improvement was achieved in transportation capability. Mechanization in mail processing advanced further boasting 331 sets of Direct Mail producting equipment, 118 Mail Facing machinery, 1 13 mail sorting machines, 142 parcel sorting machines, 40 assembly lines for newspapers and periodicals sorting, 3,271 ATMs and 3,147 postage meters.

China Post satisfyingly adapted itself to meehng various requirements put forward to post from both national economy growth and all walks of life in society. Postal communicahon service level and quality witnessed substantial improvement. Every service is accessible almost everywhere in China and notable development was achieved in rural postal communication service. Post offices across China numbered 66,649, among which 50,284 were located in rural areas, 27,712 were one-stop post offices and 14,793 were computerized post offices. Post kiosks serving newspapers, periodicals and books numbered 35,667 and philatelic service outlets numbered 14,535. Postal savings counters reached 34,027, among which online count6rs scored 15,153. Mail boxes and letter boxes in residential blocks nahonwide numbered 122, 654 and 232,674 respectively. Postal savings service is available in 23,423 counties(towns), EMS in 2,2if and mail order in l,203 across China.

Maing full use of the network source and teing science and technology as the backup, China Post dedicated to new service development in a fit way. In 1999, corporate postcards produced numbered 218.052 m, direct mail 397.97 m and advertisements delivered 962.8 m, Telecom agent service turnover yielded Y 143.175 m. Etiquette service volume hit l.856 m. Items under Parcel Direct Delivery weighed 2.51 lin tons. Insurance agent service revenue amounted to Y 2.77 m.

In 1999, State Post Bureau fulfilled both administTativq duty and managerial responsibility in a serious manner, and issued a series of regulations such as Postal Communication Disciplinary Sanction Implementation Procedure Regulation; Post Enterprise Contract Management Regulation and Post Enterprise Law Advisory Prachce, etc. Greater efforts were input to strengthening administrative law enforcement and to investigahng crimes coastted by organizations or individuals violating against such aspects as ordinary stamp operation, philatelic product production and sale, stamp production and sale, post logq employment and post reputation. Meanwhile, with the cooperation of industrial and commercial sectors, China Post settled illegal operation Practiced by some courriers. By action menhoned above, the national interest and interests of customers and post enterprises were guarded and the image and integrity of post industry administration was setting up.