Annual Report 2016
31
Execu t i v e V i ce - Cha i rman ’s Repo r t
positive earnings contribution in FY2016
while its overall performance remains in
line with management expectation.
Due to increasing competition from
renewable energy and softening electricity
demand, electricity sales volume of
Zhujiang Power Plants and Chengdu
Jintang Power Plant reduced by 23% and
31% respectively.
ATL Logistics Centre registered a robust
average rental growth of 15% which was
partly boosted by the rental adjustment
of a major tenant. Its occupancy rate
decreased slightly from 99.5% to 97.4%
due to the tendency for tenants to
consolidate or reduce their operations
upon lease renewals.
To unlock and realise the full business
value of the NWS Kwai Chung Logistics
Centre, NWSH has disposed of its entire
interest for an aggregate consideration
of approximately HK$3.75 billion and the
disposal was completed in August 2016.
With the introduction of containerised
break-bulk cargo services in January
2015 and the increasing demand for
i n t e r n a t i o n a l b l o c k t r a i n s e r v i c e s ,
throughput handled by China United
I n t e r n a t i o n a l R a i l C o n t a i n e r s C o . ,
Limited grew 14% to 2,062,000 TEUs in
FY2016. To meet the growing demand,
t he expans i on wo r k s t o doub l e t he
handling capacity at Chongqing terminal
were completed in December 2015.
To capture the growing demand for
l e a s e d a i r c r a f t , NWSH e n t e r e d t h e
commercial aircraft leasing business by
acquiring 40% equity interest in Goshawk
Aviation Limited (“Goshawk”) in February
2015 which focuses on commercial
aircraft that are young, modern and in
