Financial Performance - As of June 30, 2023, the group's prepaid items, other receivables, and other assets amounted to RMB 1,399.2 million, an increase of approximately RMB 34.8 million (or about 2.6%) compared to RMB 1,364.4 million as of December 31, 2022, primarily due to increased freight receivables not yet collected [3]. - The company reported a loss attributable to owners of approximately RMB 26.2 million for the reporting period, compared to a profit of RMB 3.1 million for the six months ended June 30, 2022 [102]. - The company reported a net loss of RMB 26.166 million for the first half of 2023, compared to a profit of RMB 3.14 million in the same period of 2022, representing a significant decline [103]. - Adjusted net loss for the period was RMB 3.416 million, a decrease of RMB 21.924 million (or approximately 118.4%) from an adjusted profit of RMB 18.508 million in the first half of 2022, primarily due to lower logistics demand and increased competition [117]. - In the first half of 2023, the company's freight service revenue was RMB 2,475,284,000, accounting for 94.79% of total revenue, compared to RMB 2,866,156,000 (94.68%) in the same period of 2022 [67]. - The company's total operating costs for the reporting period were approximately RMB 2,471.7 million, a decrease of about RMB 392.8 million (or approximately 13.7%) from RMB 2,864.5 million for the six months ended June 30, 2022 [67]. Market and Industry Insights - The digital freight industry is transitioning from a growth phase to a regulatory development phase, with customers increasingly focusing on the tangible value of digitalization [25]. - The total market size of China's road freight market is expected to reach RMB 7.5 trillion in 2023, with the full truckload segment projected to be the largest, estimated at RMB 4.2 trillion [24]. - The number of companies operating digital freight platforms in China increased by approximately 24.3% year-on-year to 2,818 by mid-2023 [43]. - The penetration rate of digital freight platforms is expected to reach 13.1% of the overall freight transport market by the end of 2023 [43]. - The volume of shipping orders in the first half of 2023 grew by 23.5% compared to the same period in 2022, highlighting increasing market activity [43]. Operational Metrics - As of June 30, 2023, the company has served over 13,100 shippers and 3.0 million truck drivers, completing a total of over 42.0 million shipping orders on its platform [45]. - The online Gross Transaction Value (GTV) for the first half of 2023 reached RMB 16.4 billion, reflecting a strong operational performance [45]. - The online GTV for freight platform services was RMB 13.7 billion for the first half of 2023, showcasing the growth of the platform [48]. - The annual retention rate for major shipper customers was 91.9% in the first half of 2023, indicating high customer loyalty [45]. - The registered user count for the company's app exceeded 3.4 million, with over 3.75 million followers on social media platforms as of June 30, 2023 [76]. Cash Flow and Assets - Cash and cash equivalents as of June 30, 2023, were approximately RMB 569.6 million, up from RMB 520.7 million at the end of 2022, reflecting positive cash flow from operating activities [119]. - Trade receivables and notes receivable decreased by approximately RMB 30.4 million (or about 24.5%) to RMB 93.5 million as of June 30, 2023, due to improved settlement processes [140]. - Current assets as of June 30, 2023, were approximately RMB 2,077.7 million, a slight increase of RMB 8.0 million (or 0.4%) from RMB 2,069.7 million at the end of 2022 [106]. - Current liabilities decreased by approximately RMB 81.4 million (or 5.0%) to RMB 1,536.5 million, mainly due to a reduction in other payables and accrued expenses [106]. - The current ratio improved to 1.35 as of June 30, 2023, compared to 1.28 at the end of 2022, indicating better short-term financial health [106]. Strategic Initiatives - The company aims to enhance user experience in its digital freight business, targeting a 45% increase in customer acquisition for freight services and platform services by 2031 [7]. - The company plans to leverage digital logistics delivery services to expand its customer base and increase profitability in the digital freight industry [90]. - The company has set a timeline to fully utilize the net proceeds for the planned purposes by 2031 [180]. - The company plans to expand its card service network and car service offerings, allocating 15.0% of the net proceeds for this purpose, which amounts to HKD 9.5 million [180]. - The company aims to enhance its R&D capabilities and strengthen its technological capabilities, dedicating 20.0% of the net proceeds, equating to HKD 12.6 million [180]. Corporate Governance and Compliance - The board of directors decided not to recommend the payment of an interim dividend for the six months ended June 30, 2023, consistent with the previous year [160]. - The board confirmed compliance with applicable accounting principles and standards for the unaudited interim consolidated results for the six months ended June 30, 2023 [159]. - The company has confirmed compliance with the "Standard Code" regarding the trading of its securities by all directors and supervisors since the listing date [175]. - The board consists of four executive directors, two non-executive directors, and three independent non-executive directors, ensuring a high level of independence [174]. - The group has implemented a competitive and fair compensation and benefits system for employees, including basic salaries and performance bonuses [142].

下圖説明我們生態系統內不同參與方之間的互動。 8 ● 貨車司機：貨車司機是我們數字貨運業務道路連力資源的供應商。我們致力於分別通過數字貨運業務·卡友地帶和 卡加車服・為貨車司機提供更好的商機、社交社區和工作量。於2023年６月30日,已在我們平台上完成託運訂單 的货車司機數量建到3.0百萬名·在我們的卡友地帶平台註冊的貨車司機數量速到3.4百萬名,較2022年上半年結 束增加301.5千名。 . 我們新推出的DDCS工作平台(數字化驅動客戶業務成功的綜合工作平台)。DDCS是一個數字協作平台，實現了客戶與我 們內部運營、產品設計以及研發部門的直接溝通,極大的縮短了公司處理客戶需求的時間,同時提升了客戶的滿意度。 合肥緯天遲通信息科技股份有限公司 = 企業社會責任 我們與中國兒童少年基金會合作推出慈善探親計劃「公益尋親計劃」·鼓勵卡車司機積極參與慈善活動,並將慈善活動與 真實的交通環境相結合。我們向貨車司機發放印有遭到人口販運的婦女和兒童信息的車貼,擴大尋親信息的傳播範圍。 截至2023年6月30日，我們的平台共發送了21,841張車貼。值得一提的是·在我們發給的車貼中·有6名失蹤者被找到。 合肥維天運通信息科 ...

Corporate Governance - The board of directors has delegated daily management and operational responsibilities to senior management, establishing three committees for oversight, including the audit committee, compensation committee, and nomination committee [9]. - The company has complied with the requirement that independent non-executive directors must account for at least one-third of the board members since the listing date [16]. - The board consists of four executive directors, two non-executive directors, and three independent non-executive directors, ensuring a high level of independence [17]. - The board is responsible for ensuring diversity among its members and actively seeks suitable candidates, including women, for board positions [22]. - The company has adopted a nomination policy to ensure a balanced board in terms of skills, experience, knowledge, and diversity [56]. - The nomination committee has evaluated the independence of independent non-executive directors and reviewed the board's structure and diversity [37]. - The company has established a diversity policy for the board to enhance its effective operation and maintain high corporate governance standards [34]. - The board of directors confirmed their responsibility for preparing financial statements that fairly reflect the group's performance and cash flows as of December 31, 2022 [88]. - The company has arranged appropriate insurance coverage for directors against liabilities arising from legal actions [10]. - The company has not experienced any changes in its directors, supervisors, or senior management since the listing date [18]. - The board will continue to fulfill its supervisory role to protect the interests of all shareholders and the company in the new year [1]. Financial Performance - Total revenue for 2022 was RMB 6,204,473 thousand, a decrease of 1.48% compared to 2021's RMB 6,297,250 thousand [197]. - Gross profit for 2022 was RMB 341,767 thousand, down from RMB 399,861 thousand in 2021, reflecting a decline of approximately 14.6% [197]. - The company reported a net profit of RMB 1,393 thousand for 2022, a significant decrease from RMB 50,744 thousand in 2021 [197]. - Adjusted net profit for 2022 was RMB 45,109 thousand, compared to RMB 87,309 thousand in 2021, indicating a decline of about 48.3% [197]. - Total assets as of December 31, 2022, were RMB 2,172,985 thousand, down from RMB 2,663,102 thousand in 2021 [197]. - Total liabilities decreased to RMB 1,618,492 thousand in 2022 from RMB 2,127,667 thousand in 2021, showing a reduction of approximately 23.9% [197]. - Total equity increased to RMB 554,493 thousand in 2022, up from RMB 535,435 thousand in 2021, reflecting a growth of about 3.5% [197]. Risk Management and Compliance - The board has confirmed its responsibility for risk management and internal control systems, continuously improving these systems [43]. - The audit committee is responsible for ongoing review and supervision of the company's financial reporting procedures and internal control systems [69]. - The company has implemented various measures to identify, monitor, and audit transactions with potential conflicts of interest [70]. - The company has engaged a compliance advisor to ensure adherence to listing rules and provide timely support regarding regulatory requirements [71]. - The company maintains a two-way communication policy with shareholders to enhance engagement and transparency [79]. - The company has adopted various policies to ensure compliance with the Listing Rules, including risk management and information disclosure [97]. - The company provides regular anti-corruption and anti-bribery compliance training to enhance knowledge and adherence to applicable laws and regulations [98]. - The company must disclose any insider information or situations that may create a false market as soon as reasonably practicable [101]. - The company consults with legal advisors on relevant Chinese laws and regulations to enhance compliance awareness and stay informed about regulatory developments [99]. Capital Management - The company's capital management aims to ensure sustainable operations and maintain a stable capital ratio to support business development and maximize shareholder value [3]. - The company may adjust dividends, return capital to shareholders, or issue new shares to maintain or adjust its capital structure based on economic conditions and asset risk characteristics [3]. - As of December 31, 2022, the group had no assets mortgaged as collateral for bank loans or other financing activities, compared to RMB 857 million as of December 31, 2021 [58]. - The group’s capital expenditure during the reporting period was approximately RMB 91 million, primarily for the purchase of properties, plants, equipment, and intangible assets [175]. - The group received government subsidies related to the digital freight business amounting to RMB 1,711 million for the year ended December 31, 2022 [139]. - As of December 31, 2022, the group's other borrowings were approximately RMB 0.5 million, with a capital debt ratio of about 0.4% [155]. Employee Management and Training - The group employed 1,020 full-time employees, with compensation based on market conditions and individual performance [181]. - The group is committed to employee training programs to ensure staff acquire necessary skills and professional ethics [160]. - The company collaborates closely with its human resources team to provide information security training to employees [94]. - The group has participated in mandatory employee social security plans as required by Chinese law [160]. Strategic Initiatives - The company emphasized the importance of adapting to changing market conditions, highlighting the keyword "transformation" in its strategy moving forward [200]. - The company is focusing on new product development and market expansion as part of its strategic initiatives for future growth [200]. - The management indicated plans for potential mergers and acquisitions to enhance market presence and operational capabilities [200].

Financial Performance - The company reported a pre-tax profit of RMB 12,000 for the year ended December 31, 2022, compared to RMB 57,918,000 in 2021, indicating a significant decline[39]. - The company incurred a tax expense of RMB 3,000 based on the statutory tax rate of 25% for the year ended December 31, 2022, down from RMB 14,480,000 in 2021[39]. - The company reported a loss attributable to the equity holders of RMB 366,000 for the year ended December 31, 2022, compared to a loss of RMB 194,000 in 2021[39]. - The company's profit attributable to ordinary equity holders was RMB 1,393 thousand in 2022, a significant decrease from RMB 50,744 thousand in 2021, representing a decline of approximately 97.3%[43]. - For the year ended December 31, 2022, the company reported revenue of RMB 6,204,473 thousand, a decrease of 1.47% compared to RMB 6,297,250 thousand in 2021[63]. - The company's gross profit for 2022 was RMB 341,767 thousand, reflecting a decline of 14.53% from RMB 399,861 thousand in the previous year[63]. - Net profit for the year was RMB 1,393 thousand, a significant drop of 97.25% compared to RMB 50,744 thousand in 2021[63]. - The adjusted net profit, not in accordance with International Financial Reporting Standards, was RMB 45,109 thousand, down 48.33% from RMB 87,309 thousand in 2021[63]. Revenue and Costs - Revenue from freight services was RMB 5,880.15 million, accounting for 94.8% of total revenue, while revenue from freight platform services was RMB 303.584 million, representing 4.9% of total revenue[131]. - The company's operating costs for the reporting period were approximately RMB 5,862.7 million, remaining stable compared to RMB 5,897.4 million in 2021[132]. - Gross profit decreased from approximately RMB 399.9 million in 2021 to about RMB 341.8 million in 2022, a reduction of approximately RMB 58.1 million (or about 14.5%) with a gross margin decline from 6.4% to 5.5%[134]. Assets and Liabilities - As of December 31, 2022, current assets amounted to RMB 2,069.7 million, a decrease of RMB 489.4 million (or 19.1%) from RMB 2,559.1 million on December 31, 2021, mainly due to reductions in trade receivables and other assets[152]. - Current liabilities decreased to RMB 1,617.9 million as of December 31, 2022, down RMB 509.1 million (or 23.9%) from RMB 2,127.0 million in 2021, primarily due to a reduction in other payables and borrowings[152]. - The current ratio improved to 1.28 as of December 31, 2022, compared to 1.20 on December 31, 2021, indicating better short-term financial health[152]. - Cash and cash equivalents were approximately RMB 520.7 million as of December 31, 2022, primarily from net cash inflows from operating activities[158]. Customer Engagement and Market Position - The company has maintained its top position in the network freight platform rankings for three consecutive years, as published by the China Logistics and Purchasing Federation[67]. - The annual retention rate for major shippers was 92.1% in 2022, indicating strong customer loyalty[75]. - Active customer numbers increased by 11.2% to 3,911 in 2022, demonstrating growth in customer engagement[86]. Digital Transformation and Innovation - The company aims to leverage its SaaS model to improve software delivery and data management capabilities[27]. - The company has accelerated its business plan by adding seven digital logistics scenarios to enhance customer service and optimize internal structures[66]. - The digital freight platform aims to improve collaboration among ecosystem participants, enhancing transparency and synergy within the logistics industry[85]. - The company is focusing on enhancing the resilience of the supply chain through digital solutions to address industry challenges[68]. Regulatory and Industry Trends - The logistics industry is transitioning from a phase of rapid growth to a more regulated development phase, with increasing government oversight and a focus on the digital value of services[65][73]. - The company is actively promoting the establishment of a new regulatory system for digital freight, collaborating with government regulatory bodies and industry associations[85]. Employee and Operational Metrics - The group has 1,020 full-time employees as of December 31, 2022, with most located in China[174]. - Employee benefits expenses, excluding directors and senior management, rose to RMB 151,746,000 in 2022 from RMB 142,537,000 in 2021, marking an increase of approximately 6.5%[164]. Future Outlook - The company anticipates significant economic expansion in China in 2023, expecting to regain growth momentum[112]. - The implementation of the "Digital China Construction Overall Layout Plan" is expected to support the company's future growth and customer value creation[69].