China Changhang takes water transportation as its core business, and operates shipbuilding, tourism, water and fuel trade and other shipping-related industries. Water transport is characterized by river-sea direct and river-sea combined transport. At present, shipping accounts for nearly half of the weight. China Changhang's vision and goal is "the world's first inland river, leading jianghai logistics". By 2020, major economic indicators such as assets, income and profit will quadruple that of 2000, making it an advanced enterprise in the same industry with outstanding core competitiveness, sound independent growth mechanism and steady economic development.
Changhang Phoenix Co., Ltd. is an enterprise with the largest scale of inland specialized dry bulk cargo transportation and the strongest logistics strength in China. Its parent company is China Changhang (Group) Corporation, an enterprise directly under the central government. Headquartered in Wuhan, the thoroughfare of nine provinces, the company owns and controls 1500 dry bulk carriers with a deadweight tonnage of 2.6 million tons and a main engine power of 340,000 kilowatts, with two holding and joint venture companies 12. The company has more than 30 branches in Ningbo, Shanghai, Nanjing, Xuzhou, Wuhu, Chongqing and other metropolises, along the Yangtze River, coastal ports and overseas, and has established a cargo collection network and transit distribution service system radiating the Yangtze River basin and the north and south coasts.