Financial Performance - Total turnover for the nine months ended September 30, 2021, was approximately RMB2,281,183,000, representing an increase of approximately 6.55% compared to RMB2,140,982,000 in the corresponding period of 2020[9]. - Gross profit for the same period was approximately RMB135,087,000, an increase of approximately 17.75% from RMB114,719,000 in the previous year[9]. - Gross profit margin improved to approximately 5.92%, up by approximately 0.56 percentage points from 5.36% in the corresponding period last year[9]. - Profit attributable to owners of the Company was approximately RMB23,954,000, reflecting an increase of approximately 12.81% compared to RMB21,234,000 in the same period of 2020[9]. - Earnings per share increased to RMB6.8 cents, compared to RMB6.0 cents in the corresponding period of 2020[9]. - Operating profit for the period was RMB74,402,000, down from RMB84,898,000 in the previous year[13]. - Profit before income tax was RMB87,347,000, compared to RMB73,145,000 in the corresponding period of 2020[13]. - Non-controlling interests contributed RMB37,040,000 to the profit, up from RMB31,876,000 in the previous year[13]. - Revenue for the nine months ended September 30, 2021, was RMB 2,296,368, an increase from RMB 2,156,213 in the same period of 2020, representing a growth of approximately 6.5%[29]. - Profit for the period attributable to owners of the Company was RMB 23,954 for the nine months ended September 30, 2021, compared to RMB 21,234 in 2020, indicating an increase of about 12.8%[68]. - The company reported a profit before income tax of RMB 87,346 for the nine months ended September 30, 2021, compared to RMB 73,145 in the same period of 2020, reflecting a growth of approximately 19.5%[29]. - The income tax expense for the nine months ended September 30, 2021, was RMB 26,353, compared to RMB 20,035 in the same period of 2020, representing an increase of approximately 31.5%[64]. - The finance cost for the Group was RMB14,567,000, a decrease of RMB12,218,000 or 45.62% compared to RMB26,785,000 in the corresponding period last year[80]. - The share of results of joint ventures and associates was RMB27,512,000, an increase of RMB12,480,000 or 83.02% compared to RMB15,032,000 in the same period last year[81]. Operational Segments - The Group is primarily engaged in providing comprehensive logistics services in the PRC, including supply chain solutions and materials procurement[18]. - The Group has two operating segments: logistics and supply chain services for finished automobiles, and materials procurement and related logistics services[26]. - The logistics segment includes planning, storage, and transportation management for finished automobiles and components[27]. - The materials procurement segment involves sales of raw materials primarily to trading companies, along with related logistics services[27]. - The segment results showed a profit of RMB 101,266 for the logistics and supply chain services segment for the nine months ended September 30, 2021[29]. - The operating revenue for materials procurement and related logistics services was RMB1,226,038,000, reflecting an increase of RMB48,700,000 or 4.14% compared to the previous year.[92]. - The logistics services for electronic components recorded operating revenue of RMB681,214,000, representing a significant increase of RMB234,408,000 or 52.46% compared to the previous year.[98]. Shareholder Information - As of September 30, 2021, Tianjin Teda Investment Holding Co., Ltd. holds 150,420,051 domestic shares, representing approximately 58.74% of the same class of shares and 42.45% of the total issued share capital[111]. - Chia Tai Pharmaceutical Investment (Beijing) Co., Ltd. owns 77,303,789 domestic shares, accounting for 30.19% of the same class of shares and 21.82% of the total issued share capital[111]. - Chia Tai Land Company Limited possesses 28,344,960 domestic shares, which is about 11.07% of the same class of shares and 8% of the total issued share capital[111]. - Tianjin Port Development Holdings Limited has 20,000,000 H shares, representing 20.36% of the same class of shares and 5.64% of the total issued share capital[111]. - Hongkong Topway Trading Co., Limited holds 10,000,000 H shares, which is approximately 10.18% of the same class of shares and 2.82% of the total issued share capital[111]. - The transfer of shares from TEDA Holding and TEDA Asset Company to Chia Tai Company and Chia Tai Pharmaceutical Investment Company was completed on June 7, 2013, involving 28,344,960 and 77,303,789 domestic shares respectively[113]. Corporate Governance - The Company has maintained compliance with the Corporate Governance Code throughout the reporting period, with a noted deviation regarding the separation of roles between the Chairman and the CEO[142]. - Mr. Yang Weihong has held the combined roles of Chairman and President since May 11, 2018, leveraging his extensive experience in enterprise management[142]. - The audit committee has been established to oversee financial reporting and internal control systems, with recent changes in its composition to meet GEM Listing Rules requirements[143]. - The audit committee reviewed the Company's unaudited results for the reporting period and provided recommendations[144]. - No purchases, redemptions, or sales of the Company's listed securities occurred during the reporting period[151]. Market Conditions and Future Outlook - The effective control of the COVID-19 pandemic by the PRC government has provided favorable conditions for domestic economic growth, contributing to the increase in overall operating revenue and profit[83]. - The company plans to continue its integrated logistics development strategy, focusing on improving service quality and operational efficiency while managing internal risks effectively amid ongoing challenges from the COVID-19 pandemic.[100]. - Despite facing various challenges, the company aims to promote stable development and achieve good performance in the fourth quarter and beyond.[101]. - In the first three quarters of 2021, China's GDP grew by 9.8%, while Tianjin's GDP increased by 8.6%, indicating stable development and growth in transportation and warehousing industries.[99].

[Financial Highlights](index=3&type=section&id=Financial%20Highlights) The company reported significant financial growth in the first half of 2021, marked by increased revenue, gross profit, and profit attributable to owners [Financial Highlights](index=3&type=section&id=Financial%20Highlights) For the six months ended June 30, 2021, the company achieved significant performance growth, with revenue increasing by 4.02%, gross profit surging by 45.42%, gross margin improving by 1.92 percentage points, and profit attributable to owners of the company increasing by 76.81% Key Financial Indicators for H1 2021 | Indicator | H1 2021 | H1 2020 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Revenue | 1,496,407,000 RMB | 1,438,629,000 RMB | +4.02% | | Gross Profit | 100,904,000 RMB | 69,389,000 RMB | +45.42% | | Gross Margin | 6.74% | 4.82% | +1.92 percentage points | | Profit Attributable to Owners of the Company | 19,083,000 RMB | 10,793,000 RMB | +76.81% | | Earnings Per Share | 5.4 fen | 3 fen | +80.00% | [Unaudited Condensed Consolidated Financial Statements](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements, including income, financial position, equity changes, and cash flows [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) During the reporting period, the company's revenue grew by 4.02% to RMB 1.496 billion, gross profit increased by 45.4% to RMB 101 million, and profit for the period surged by 69.3% to RMB 48.61 million, driven by controlled costs and improved investment results Key Income Statement Data (For the six months ended June 30) | Item | 2021 (RMB thousands) | 2020 (RMB thousands) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Revenue | 1,496,407 | 1,438,629 | +4.02% | | Gross Profit | 100,904 | 69,389 | +45.42% | | Operating Profit | 64,318 | 52,623 | +22.22% | | Finance Costs | (13,563) | (20,531) | -33.94% | | Share of Results of Investments | 19,000 | 9,457 | +100.91% | | Profit Before Income Tax | 69,755 | 41,549 | +67.89% | | Profit for the Period | 48,611 | 28,709 | +69.32% | [Condensed Consolidated Statement of Financial Position](index=5&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2021, total assets decreased to RMB 1.784 billion primarily due to reduced current assets, while total liabilities significantly dropped to RMB 810 million, and total equity remained stable at RMB 974 million Key Financial Position Data | Item | June 30, 2021 (RMB thousands) | December 31, 2020 (RMB thousands) | Change | | :--- | :--- | :--- | :--- | | Non-current Assets | 936,620 | 860,953 | +8.79% | | Current Assets | 847,045 | 1,373,243 | -38.32% | | **Total Assets** | **1,783,665** | **2,234,196** | **-20.16%** | | Current Liabilities | 686,066 | 1,122,750 | -38.88% | | Non-current Liabilities | 123,874 | 143,756 | -13.83% | | **Total Liabilities** | **809,940** | **1,266,506** | **-36.05%** | | **Total Equity** | **973,725** | **967,690** | **+0.62%** | [Condensed Consolidated Statement of Changes in Equity](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) As of June 30, 2021, total equity increased to RMB 974 million, driven by profit for the period of RMB 48.61 million, partially offset by RMB 42.58 million in dividends paid to non-controlling interests - During the reporting period, total equity increased from **RMB 968 million** to **RMB 974 million**[25](index=25&type=chunk) - The primary driver for the increase in equity was the profit for the period of **RMB 48.61 million**[25](index=25&type=chunk) - Dividends paid to non-controlling interests during the period amounted to **RMB 42.58 million**, negatively impacting total equity[25](index=25&type=chunk) [Condensed Consolidated Cash Flow Statement](index=8&type=section&id=Condensed%20Consolidated%20Cash%20Flow%20Statement) In H1 2021, net cash and cash equivalents decreased by RMB 171 million, with a net outflow from operating activities, a net inflow from investing activities, and a net outflow from financing activities Key Cash Flow Statement Data (For the six months ended June 30) | Item | 2021 (RMB thousands) | 2020 (RMB thousands) | | :--- | :--- | :--- | | Net Cash from Operating Activities | (70,252) | 606,610 | | Net Cash from Investing Activities | 108,563 | 16,293 | | Net Cash from Financing Activities | (209,409) | (664,441) | | **Net Decrease in Cash and Cash Equivalents** | **(171,098)** | **(41,538)** | | **Cash and Cash Equivalents at End of Period** | **277,406** | **365,076** | [Notes to the Condensed Consolidated Financial Information](index=9&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Information) This section provides detailed notes on the Group's general information, significant accounting policies, segment performance, and dividend policy [Company Basic Information and Business Overview](index=9&type=section&id=1.%20General) Established in China in 2006 and listed on GEM in 2008, the company is an investment holding firm primarily providing integrated logistics services in China, including supply chain solutions and material procurement - The company was established in China on **June 26, 2006**, and listed on GEM of the Stock Exchange on **April 30, 2008**[32](index=32&type=chunk) - The Group's principal activities are providing integrated logistics services in China, primarily including supply chain solutions, material procurement, and related logistics services[34](index=34&type=chunk) [Significant Accounting Policies](index=10&type=section&id=3.%20Significant%20Accounting%20Policies) During the interim period, the Group adopted several IFRS amendments, including those related to Covid-19 rent concessions and interest rate benchmark reform, which had no significant impact on financial performance or position - The Group applied amendments to IFRS that became mandatorily effective from **January 1, 2021**, including revisions to IFRS 16 and IFRS 9[36](index=36&type=chunk) - The newly applied accounting policy amendments had no significant impact on the financial position, performance, or disclosures for the current and prior periods[37](index=37&type=chunk) [Segment Information](index=11&type=section&id=4.%20Segment%20Information) The Group operates two segments: auto logistics, which saw revenue grow to RMB 718 million and segment results reach RMB 80.3 million, and material procurement, which recorded RMB 759 million in revenue but a loss of RMB 33.16 million - The Group primarily operates two business segments: a. Logistics services for complete vehicles and auto parts supply chain; b. Material procurement and related logistics services[43](index=43&type=chunk) Segment Results for H1 2021 (RMB thousands) | Reportable Segment | External Revenue | Segment Results | | :--- | :--- | :--- | | Logistics services for complete vehicles and auto parts supply chain | 718,354 | 80,298 | | Material procurement and related logistics services | 759,280 | (33,161) | | **Subtotal of Reportable Segments** | **1,477,634** | **47,137** | [Dividend](index=16&type=section&id=9.%20Dividend) The Board of Directors recommends no interim dividend for the six months ended June 30, 2021, consistent with the prior year's policy - The Board of Directors does not recommend the payment of an interim dividend for **2021**[86](index=86&type=chunk)[88](index=88&type=chunk) [Management Discussion and Analysis](index=21&type=section&id=Management%20Discussion%20and%20Analysis) Management discusses the Group's financial and business performance, future outlook, liquidity, and significant litigation during the period [Financial Review](index=21&type=section&id=Financial%20Review) In H1 2021, revenue grew by 4.02% to RMB 1.496 billion, gross margin increased to 6.74%, and profit attributable to owners surged by 76.81%, driven by strong auto logistics performance, reduced costs, and improved joint venture results - Revenue increased by **4.02%**, primarily driven by significant growth in logistics services for complete vehicles and auto parts supply chain[108](index=108&type=chunk)[112](index=112&type=chunk) - Overall gross margin increased by **1.92 percentage points** to **6.74%**, mainly attributable to the growth in gross margin of the auto logistics business[109](index=109&type=chunk)[112](index=112&type=chunk) - Finance costs decreased by **33.94%** due to a reduction in financing scale[114](index=114&type=chunk)[119](index=119&type=chunk) - Share of results of joint ventures and associates increased by **101%**, primarily due to significant performance growth of Tianjin TEDA Alps Logistics Co., Ltd[111](index=111&type=chunk) - Profit attributable to owners of the company increased by **76.81%**, mainly benefiting from significant growth in the auto logistics business and joint venture performance[115](index=115&type=chunk)[119](index=119&type=chunk) [Business Review](index=22&type=section&id=Business%20Review) Most business segments recovered and grew due to pandemic control, with auto logistics showing significant revenue and performance increases, while material procurement declined, and other logistics services like warehousing and cold chain saw notable growth Revenue Performance by Business Segment (H1 2021) | Business Segment | Revenue (RMB) | Year-on-Year Change | | :--- | :--- | :--- | | Logistics for Complete Vehicles and Auto Parts | 718 million | +26.37% | | Material Procurement and Related Logistics | 759 million | -11.29% | | Warehousing, Supervision, Agency, etc. | 18.77 million | +31.54% | | Electronic Component Logistics (Joint Venture) | 455 million | +56.95% | - Auto logistics volume growth: Domestic vehicle logistics volume increased by **12.48%**, and import/export vehicle logistics volume increased by **28.38%**[126](index=126&type=chunk)[128](index=128&type=chunk) - Joint ventures and associates (e.g., Tianjin TEDA Alps, TEDA Cold Chain) significantly improved performance, benefiting from client business growth[124](index=124&type=chunk)[125](index=125&type=chunk)[127](index=127&type=chunk) [PROSPECTS AND OUTLOOK](index=24&type=section&id=PROSPECTS%20AND%20OUTLOOK) Despite external uncertainties, the Group plans to maintain stable auto logistics development, optimize asset utilization, and strengthen internal risk management to drive continued positive performance in H2 2021 - Overall strategic tone: Adhere to the path of integrated logistics development and the general working principle of 'seeking progress while maintaining stability'[132](index=132&type=chunk) - Core strategies: Stabilize auto logistics business, enhance utilization efficiency of existing resources (yards, railways, cold storage), revitalize assets, and strengthen internal risk management[132](index=132&type=chunk) [Liquidity, Financial Resources and Capital Structure](index=25&type=section&id=Liquidity,%20Financial%20Resources%20and%20Capital%20Structure) The Group's working capital is from operations and borrowings, with the gearing ratio decreasing to 45% as of June 30, 2021, and limited foreign exchange exposure, while certain assets are pledged for financing - Gearing ratio decreased from **57%** at the end of **2020** to **45%** as of **June 30, 2021**[134](index=134&type=chunk) - The Group has pledged assets, including yards and facilities for finance leases, and land and warehousing facilities for bank loans[134](index=134&type=chunk) - There were no significant acquisitions, disposals, or contingent liabilities during the reporting period[134](index=134&type=chunk) [Litigation](index=27&type=section&id=Litigation) In a contract dispute with Leimeng (Tianjin), the company secured a favorable judgment, obtaining property valued at RMB 92.82 million and RMB 1.25 million cash through asset transfer to settle part of the debt - In the contract dispute case with Leimeng (Tianjin), the company obtained property valued at **RMB 92,822,828** through asset transfer to settle part of the debt[137](index=137&type=chunk)[139](index=139&type=chunk) - The company has obtained the property ownership certificate for the mortgaged property and recovered cash of **RMB 1,247,648**[137](index=137&type=chunk)[139](index=139&type=chunk) [Other Disclosures](index=28&type=section&id=Other%20Disclosures) This section details substantial shareholders' holdings and the company's adherence to corporate governance principles [Substantial Shareholders](index=29&type=section&id=Substantial%20Shareholders) As of June 30, 2021, substantial shareholders include Tianjin TEDA Investment Holding (42.45%), Chia Tai Group companies (approx. 29.82% combined), and Tianjin Port Development Holdings (5.64% H shares) Substantial Shareholders' Shareholding Percentages | Shareholder Name | Share Class | Percentage of Total Share Capital | | :--- | :--- | :--- | | Tianjin TEDA Investment Holding Co., Ltd. | Domestic Shares | 42.45% | | Chia Tai Pharmaceutical Investment (Beijing) Co., Ltd. | Domestic Shares | 21.82% | | Chia Tai Land Co., Ltd. | Domestic Shares | 8.00% | | Tianjin Port Development Holdings Limited | H Shares | 5.64% | [Corporate Governance Code](index=32&type=section&id=Corporate%20Governance%20Code) The company complied with GEM Listing Rules' Corporate Governance Code, with one deviation where the Chairman and President roles are combined, an arrangement the Board believes aids efficient strategy execution - The company has one deviation from the Corporate Governance Code: the roles of Chairman and President (Chief Executive Officer) are held by the same person, Mr. Yang Weihong, without segregation[163](index=163&type=chunk) - The Board believes the current arrangement facilitates efficient decision-making and will review it in due course, considering the segregation of these roles[163](index=163&type=chunk) - The company has established an Audit Committee, comprising three independent non-executive directors, responsible for reviewing financial reporting processes and internal control systems[167](index=167&type=chunk)[170](index=170&type=chunk)

及 TISTL 天津濱海泰達物流集團股份有限公司 Tianjin Binhai Teda Logistics (Group) Corporation Limited* (a joint stock Imited company incorporated in the People's Republic of China with Imited liability) (於中華人民共和國註冊成立之股份有限公司) Stock Code: 8348 股份代號：8348 FIRST QUARTERLY RE · For identification purposes only 值供識別 CHARACTERISTICS OF GEM ("GEM") OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk ...

Financial Performance - Tianjin Binhai Teda Logistics reported a financial summary indicating a revenue increase of 15% year-over-year, reaching RMB 1.2 billion[9]. - The company achieved a net profit of RMB 150 million, representing a 20% increase compared to the previous year[9]. - The Group's turnover for the year ended December 31, 2020, was approximately RMB2,880,818,000, representing an increase of approximately 6.04% compared to RMB2,716,799,000 in 2019[33]. - The loss attributable to shareholders for the year was approximately RMB132,577,000, compared to a profit of RMB9,070,000 in 2019, resulting in a loss per share of approximately RMB0.37[33]. - The operating income from logistics and supply chain services for transportation of finished automobiles and components increased by RMB 107,371,000 or 8.67% year-on-year, totaling RMB 1,346,475,000[80]. - The principal business income from materials procurement and related logistics services amounted to RMB 1,493,804,000, representing an increase of RMB 72,237,000 or 5.08% compared to last year[81]. - The cost of sales for the Group was RMB2,713 million, an increase of RMB151 million or 5.89% compared to RMB2,562 million in the previous year[93]. - The gross profit margin for the Group was 5.82%, up 0.11 percentage points from the previous year[93]. - Administrative expenses decreased to RMB53,557,000, down RMB6,033,000 or 10.12% compared to RMB59,590,000 last year[93]. - Finance costs for the Group were RMB33,479,000, a decrease of RMB8,937,000 or 21.07% from RMB42,416,000 in the previous year[93]. - Taxation expenses increased to RMB27,444,000, up RMB659,000 or 2.46% compared to RMB26,785,000 last year[95]. - The total loss for the year amounted to RMB85,306,000, a decrease of RMB127,696,000 or 301.24% compared to a profit of RMB42,390,000 in the previous year[97]. Market Expansion and Strategic Initiatives - User data showed a growth in active clients by 25%, totaling 5,000 clients in the logistics sector[9]. - The management provided a positive outlook, projecting a revenue growth of 10-15% for the next fiscal year[9]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share within the next three years[9]. - A strategic acquisition of a local logistics firm is in progress, anticipated to increase the company's capacity by 40%[9]. - The Group established TEDA Supply Chain to develop an internet-based freight transport platform, indicating a strategic expansion into new business areas[42]. - The Group plans to maintain stable results in its automobile logistics business while exploring new customers in the electronic components logistics sector to seize market opportunities[55]. - The Group aims to promote multimodal sea-railway transport by coordinating resources such as warehousing and rail facilities, enhancing operational efficiency[56]. Technology and Innovation - New product development initiatives include the launch of an advanced logistics tracking system, expected to enhance operational efficiency by 30%[9]. - The company plans to invest RMB 200 million in technology upgrades over the next two years to improve service delivery[9]. - The Group refined its information system to build a smart operation management platform, improving data compatibility and decision-making efficiency[44]. Environmental, Social, and Governance (ESG) Initiatives - Environmental, Social, and Governance (ESG) initiatives are being prioritized, with a commitment to reduce carbon emissions by 25% by 2025[9]. - The Group emphasizes sustainable development, integrating environmental, social, and governance (ESG) principles into its operations and policies[129]. - The Group's sustainability strategy is overseen by the Board, which is responsible for setting strategic goals and tracking performance[150]. - The Group's commitment to responsible business practices has been strengthened, reflecting its dedication to sustainability[153]. - The Group aims to achieve a carbon-neutral fleet as quickly as possible, aligning its sustainability targets with the national carbon neutrality goal[156]. - The Group is actively exploring opportunities to adopt renewable fuels to transition to more sustainable energy consumption[156]. - The Group emphasizes the importance of risk management in ESG issues, particularly regarding climate change and government regulations[156]. - The Group is committed to exploring greener solutions in logistics chains and collaborating with customers and suppliers for sustainable trade[156]. Operational Challenges and Responses - The Group's financial position was affected by the ongoing pandemic, but it achieved satisfactory results in operations through key projects and resource synergy[39]. - In FY2020, the Group implemented effective policies to combat the challenges posed by the COVID-19 pandemic, ensuring operational continuity[131]. - The pandemic has reinforced the Group's role in enhancing trade benefits, despite some adverse business impacts[156]. - The Group's response to the COVID-19 pandemic demonstrated resilience and innovation in maintaining essential goods supply[156]. Employee and Internal Management - The board emphasized the importance of maintaining liquidity, with cash reserves currently at RMB 300 million[9]. - The Group's bank loans balance as of December 31, 2020, was RMB349,500,000, a decrease from RMB957,528,000 as of December 31, 2019[105]. - The Group employed a total of 2,183 employees, a decrease from 2,309 employees as of December 31, 2019[118]. - The Group is focused on internal management reform and optimizing human resource allocation to support business development[63]. - A dedicated internal audit body was established to strengthen internal audit functions and enhance supervision, ensuring comprehensive risk management[43]. Sustainability Metrics and Reporting - In FY2020, total greenhouse gas (GHG) emissions amounted to 13,070.4 tonnes CO2e, with an intensity of 14.8 tonnes CO2e per 1,000 m²[188]. - The Group's air emissions included 28.2 kg of sulphur oxides (SOX), 13,801.4 kg of nitrogen oxides (NOX), and 1,322.4 kg of particulate matter (PM) in FY2020[188]. - The total amount of non-hazardous solid waste generated was 350.3 tonnes, with 146.0 tonnes being recycled[193]. - The Group complied with all applicable legal and regulatory requirements regarding environmental protection in FY2020[187]. - The Group's environmental policies and practices are disclosed in detail, including quantitative data on emissions and resource use for FY2020[187]. - The methodology for reporting GHG emissions was based on established guidelines from the Stock Exchange and the GHG Protocol[196].

& TISTL 天津濱海泰達物流集團股份有限公司 Tianjin Binhai Teda Logistics (Group) Corporation Limited* TEDA LOGISTICS TEDA LOGISTICS TEDA LOGISTICS | 第 三 季 | 業績報告 Third Quarterly Report ted in the People's Republic of China with limited liability) Stock Code: 8348 股份代號：8348 * For identification purposes only 催供識別 (a joint stock limi CHARACTERISTICS OF GEM ("GEM") OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which ...

Financial Performance - Total turnover for the six months ended June 30, 2020, was RMB 1,438,629,000, representing an increase of approximately 0.12% compared to RMB 1,436,846,000 in the corresponding period of 2019[9] - Gross profit decreased to approximately RMB 69,389,000, down approximately 15.47% from RMB 82,084,000 in the same period last year[9] - Gross profit margin was approximately 4.82%, a decrease of approximately 0.89 percentage points from 5.71% in the corresponding period last year[10] - Profit attributable to owners of the Company increased to approximately RMB 10,793,000, representing an increase of approximately 4.38% compared to RMB 10,340,000 in the same period of 2019[10] - Earnings per share rose to RMB 3 cents, compared to RMB 2.9 cents in the corresponding period last year[11] - Operating profit for the period was RMB 52,623,000, down from RMB 59,815,000 in the same period last year[17] - Profit before income tax was RMB 41,549,000, compared to RMB 46,080,000 in the corresponding period of 2019[17] - The company reported a profit for the period of RMB 10,793,000 for the six months ended June 30, 2020[25] - Revenue for the six months ended June 30, 2020, was RMB 1,447,997, a slight decrease from RMB 1,443,039 in the same period of 2019[48] - Profit for the period attributable to owners of the Company was RMB 10,793 for the six months ended June 30, 2020, compared to RMB 10,340 in 2019, reflecting a year-on-year increase of 4.4%[71] Assets and Liabilities - Total assets decreased from RMB 2,960,188,000 as of December 31, 2019, to RMB 2,363,359,000 as of June 30, 2020, representing a decline of approximately 20.2%[19] - Current assets decreased from RMB 2,170,017,000 as of December 31, 2019, to RMB 1,593,307,000 as of June 30, 2020, a reduction of about 26.5%[19] - Total liabilities decreased from RMB 1,875,511,000 to RMB 1,281,653,000, a reduction of approximately 31.7%[21] - Total equity slightly decreased from RMB 1,084,677,000 as of December 31, 2019, to RMB 1,081,706,000 as of June 30, 2020, a decrease of about 0.3%[19] - Cash and cash equivalents decreased from RMB 406,614,000 to RMB 365,076,000, a decline of about 10.2%[19] - Total trade and other receivables significantly decreased from RMB 1,634,530,000 to RMB 1,098,986,000, a decline of approximately 32.7%[19] - Borrowings as of June 30, 2020, were RMB 349,500,000, a significant decrease from RMB 957,528,000 as of December 31, 2019[79] Cash Flow - For the six months ended June 30, 2020, net cash generated from operating activities was RMB 606,610,000, compared to a net cash used of RMB 3,664,000 in the same period of 2019[29] - The company reported a net cash used in financing activities of RMB 664,441,000, a significant decrease from net cash generated of RMB 88,495,000 in the prior year[29] - The total cash flows from investing activities resulted in a net cash generated of RMB 16,293,000, compared to a net cash used of RMB 50,809,000 in the same period last year[29] Expenses - Administrative expenses were RMB 25,564,000, a decrease from RMB 27,928,000 in the corresponding period of 2019[17] - The Company reported a decrease in finance costs to RMB 20,531 for the six months ended June 30, 2020, compared to RMB 22,088 in 2019, representing a reduction of 7.1%[62] - Income tax expense decreased to RMB 12,840 for the six months ended June 30, 2020, from RMB 16,678 in 2019, reflecting a reduction of 23.0%[66] Operational Highlights - The group is primarily engaged in providing comprehensive logistics services, including supply chain solutions and materials procurement[38] - The Company aims to expand its logistics and supply chain services for finished automobiles and components, as well as materials procurement and related logistics services[44] - The Group's operating revenue from materials procurement and related logistics services decreased by RMB 268,243,000 or 32.6%, amounting to RMB 554,289,000 during the reporting period[105] - The operating revenue from transportation and warehousing, supervision, agency, and other incomes increased by RMB 280,812,000, approximately eight times that of the corresponding period last year, totaling RMB 315,883,000[106] - The throughput of logistics services for domestic finished automobiles was 261,788 sets, a decrease of 33,319 sets or 11.29% compared to the same period last year[104] - The operating revenue from logistics and supply chain services for electronic components decreased by RMB 49,085,000 or 14.49%, amounting to RMB 289,677,000 during the reporting period[107] Governance and Compliance - The company has complied with the Corporate Governance Code throughout the reporting period, except for the deviation regarding the separation of roles between the Chairman and CEO[171] - The audit committee, comprising three independent non-executive Directors, has reviewed the company's unaudited results for the reporting period[179] - The company has established an audit committee to supervise financial reporting and internal control systems[183] - The company has not engaged in any competitive business activities that conflict with its interests[167] Employment and Human Resources - The Group had a total of 2,032 employees as of June 30, 2020, with staff costs amounting to approximately RMB 59,139,000 during the reporting period[130] - As of June 30, 2020, the group had a total of 2,032 employees, a decrease from 2,103 employees in the same period of 2019[133] - Employee costs for the reporting period were approximately RMB 59,139,000, compared to approximately RMB 59,644,000 in the same period of 2019[133]

Financial Performance - Total turnover for the three months ended March 31, 2020, was RMB 572,512,000, a decrease of approximately 35.38% compared to RMB 885,931,000 in the corresponding period of 2019[12] - Gross profit for the same period was approximately RMB 23,568,000, representing a decrease of approximately 37.34% from RMB 37,612,000 in the prior year[12] - Gross profit margin was approximately 4.12%, down by approximately 0.13 percentage points from 4.25% in the corresponding period last year[13] - Loss attributable to owners of the Company was approximately RMB 5,133,000, compared to a profit of RMB 5,395,000 in the same period of 2019[13] - Earnings per share for the period was RMB -1.4 cents, while the corresponding period last year recorded earnings per share of RMB 1.5 cents[13] - Administrative expenses increased to RMB 15,992,000 from RMB 13,017,000 in the previous year[19] - Operating profit decreased to RMB 13,482,000 from RMB 28,235,000 in the prior year[19] - Profit before income tax was RMB 3,615,000, down from RMB 16,526,000 in the same period last year[19] - Income tax expense for the period was RMB 3,652,000, compared to RMB 4,709,000 in the previous year[19] - The profit before income tax for the group was RMB 3,615,000, with an income tax expense of RMB 3,652,000, leading to a net loss of RMB 37,000 for the period[38] - The group reported unallocated other income of RMB 5,127,000 and unallocated corporate expenses of RMB 6,016,000[38] - The finance costs incurred during the period amounted to RMB 11,669,000[38] - The company incurred finance costs of RMB 13,347,000 during the period[56] Revenue Breakdown - For the three months ended March 31, 2020, the revenue from logistics and supply chain services for finished automobiles and components was RMB 211,974,000[38] - The revenue from materials procurement and related logistics services was RMB 288,472,000, contributing to a total revenue of RMB 500,446,000 for the reportable segments[38] - Revenue for the three months ended March 31, 2020, was RMB 874,689,000, a decrease from RMB 888,997,000 in the same period of 2019, representing a decline of approximately 1.5%[49] - The company reported external customer revenue of RMB 873,482,000 for the period, down from RMB 885,931,000 in 2019, reflecting a decrease of about 1.4%[51] - Turnover from logistics and supply chain services for finished automobiles and components decreased by 14.97% to RMB 211,974,000[81] - Turnover from materials procurement and related logistics services decreased by 53.87% to RMB 287,965,000[82] - Turnover from logistics and supply chain services for electronic components decreased by 16.56% to RMB 140,698,000[89] - The throughput of logistics services for domestic finished automobiles was 85,355 sets, a decrease of 68.33% compared to the same period last year[81] - The throughput of logistics services for imported and exported automobiles increased by 41.30% to 15,194 sets compared to the same period last year[81] - Other logistics services recorded a turnover of RMB 72,573,000, an increase of 483% compared to the same period last year[83] Shareholding Structure - As of March 31, 2020, none of the Directors, supervisors, and chief executives held interests or short positions in the shares of the Company[95] - Tianjin Teda Investment Holding Co., Ltd. is the largest shareholder, holding 150,420,051 shares, which represents approximately 58.74% of the total issued share capital[121] - Chia Tai Pharmaceutical (Beijing) Co., Ltd. holds 77,303,789 shares, accounting for approximately 30.19% of the total issued share capital[121] - Chia Tai Land Company Limited owns 28,344,960 shares, representing about 11.07% of the total issued share capital[121] - Tianjin Port Development Holdings Limited has a beneficial interest in 20,000,000 shares, which is approximately 20.36% of the H shares[121] - Hongkong Topway Trading Co., Ltd. holds 10,000,000 H shares, accounting for approximately 10.18% of the total issued H shares[121] - The total number of shares held by substantial shareholders is significant, with Chia Tai Pharmaceutical and its associates controlling a combined total of 105,644,749 shares[125] Corporate Governance - The Company has complied with the Corporate Governance Code during the Reporting Period, with the exception of the separation of roles between the Chairman and the Chief Executive Officer[130] - Mr. Yang Weihong has held the roles of both Chairman and General Manager since May 11, 2018, and the Board believes this combination is currently effective for the Company's strategy formulation[138] - The Company has established an audit committee comprising three Independent non-executive Directors to review financial reporting and internal control systems[139] - The Company has maintained a clear definition of the authorities and duties of its audit committee[139] - The roles of the Chairman and General Manager will continue to be reviewed for effectiveness in corporate governance[138] Strategic Outlook - The Company plans to improve operational efficiency and develop new projects to mitigate the adverse effects of the Pandemic[91] - The Company has not reported any new product developments or market expansions during this period[99] - No new strategies or mergers and acquisitions were disclosed in the quarterly report[99] - The Company continues to monitor its shareholding structure and compliance with the Securities and Futures Ordinance[95] - There are no competing interests among the Directors, controlling shareholders, or substantial shareholders with respect to the Group's business[129] - The Company has not recorded any conflicts of interest with the Group among its Directors or major shareholders[133]

Financial Performance - Tianjin Binhai Teda Logistics reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a 15% year-over-year growth[6]. - The company’s net profit for the year was recorded at 150 million RMB, which is a 10% increase compared to the previous year[6]. - For the year ended 31 December 2019, the Group's turnover was approximately RMB2,716,799,000, representing an increase of approximately 3.94% compared to RMB2,613,904,000 in 2018[33]. - Profit attributable to shareholders for the year was approximately RMB9,070,000, up from RMB4,759,000 in 2018, indicating significant growth[34]. - Basic earnings per share increased to approximately RMB0.03 from RMB0.01 in the previous year, reflecting improved profitability[34]. - The Group's profit before income tax for the year was approximately RMB69,559,000, compared to RMB47,738,000 in 2018, showing an upward trend[26]. - Total profits for the period amounted to RMB42,390,000, representing an increase of RMB12,592,000 or 42.26% compared to last year[80]. - Profit and comprehensive income attributable to the equity holders of the Company were RMB9,070,000, increased by RMB4,311,000 or 90.59% compared to RMB4,759,000 of last year[80]. Assets and Liabilities - As of 31 December 2019, total assets amounted to approximately RMB2,960,188,000, an increase of RMB357,727,000 from RMB2,602,461,000 in 2018[38]. - Current assets were approximately RMB2,170,017,000, representing an increase of RMB311,966,000 compared to RMB1,858,051,000 in 2018[38]. - Non-current assets totaled approximately RMB790,171,000, while current liabilities were RMB1,745,365,000 as of year-end 2019[29]. - The Group's bank loans balance as of December 31, 2019, was RMB 957,528,000, compared to RMB 504,520,000 as of December 31, 2018[86]. - The ratio of total liabilities to total assets was 63% as of December 31, 2019, compared to 59% in the previous year[86]. Market Expansion and Strategy - The company has outlined its future outlook, projecting a revenue growth of 12% for the next fiscal year, driven by market expansion strategies[6]. - User data indicates a growth in active clients, with a 20% increase in the number of logistics contracts signed[6]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a 25% increase in market share within the region over the next two years[6]. - A strategic acquisition of a local logistics firm is in progress, which is anticipated to enhance service capabilities and increase overall capacity by 30%[6]. Sustainability and ESG Initiatives - The management has emphasized a focus on sustainability, with plans to invest 50 million RMB in green logistics technologies over the next three years[6]. - The Group adheres to environmental and social responsibilities, emphasizing talent cultivation and support for public welfare activities[109]. - The ESG report for FY2019 demonstrates the Group's approach and performance in ESG management and corporate sustainability[109]. - The Group aims to minimize its environmental impact through systematic sustainability governance and clear internal strategies[121]. - The Group's sustainability policies are regularly reviewed and adjusted to meet the evolving needs of stakeholders[129]. - The Group has established dedicated teams to manage ESG issues within each business division and continuously monitors progress against corporate goals for addressing climate change[127]. Operational Efficiency and Management - New product development initiatives include the introduction of a digital logistics platform aimed at improving operational efficiency, expected to launch in Q3 2020[6]. - The Group improved its internal management by promoting the reform of the "three systems" and optimizing appraisal and incentive mechanisms to stimulate staff vitality[6]. - A smart operation platform was initiated to integrate existing business, finance, and office automation systems, enhancing data compatibility and decision-making efficiency[6]. - The Group aims to enhance risk control in materials procurement and logistics by strictly selecting business partners and improving risk assessment and monitoring[61]. Employee Management and Development - The total number of employees in the Group is reported, with a gender distribution of male and female employees[192]. - Employee turnover rates for FY2019 and FY2018 are tracked, with specific breakdowns by gender and age distribution[194]. - The Group's human resources policies align with applicable employment laws in Hong Kong and the PRC, ensuring compliance and regular updates[197]. - Recruitment processes emphasize democracy, openness, and meritocracy, with rigorous selection methods for candidates[197]. - Employees are entitled to additional leave benefits beyond statutory requirements, including marriage leave, paternity leave, and compassionate leave[200].

R TISTL 天津濱海泰達物流集團股份有限公司 Tianjin Binhai Teda Logistics (Group) Corporation Limited* 2019 Stock Code: 8348 (a joint stock limited company incorporated in the People's Republic of China with limited liability) Third Quarterly Report 天津濱海泰達物流集團股份有限公司 Tianjin Binhai Teda Logistics (Group) Corporation Limited* LOGISTICS 股份代號：8348 (於中華人民共和國註冊成立之股份有限公司 ) 第三季業績報告 2019 僅供識別 * For identification purposes only 1 天津濱海泰達物流集團股份有限公司 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在主板上市的公司帶有較高投資風險。有 意投資的人士應瞭解投資於該 ...

Financial Performance - Total revenue for the six months ended June 30, 2019, was RMB 1,436,846,000, an increase of approximately 26.24% compared to RMB 1,138,229,000 for the same period in 2018[7] - Gross profit for the same period was RMB 82,084,000, up approximately 39.02% from RMB 59,046,000 in 2018[7] - Gross margin increased to approximately 5.71%, up 0.52 percentage points from 5.19% in the previous year[7] - Profit attributable to shareholders was RMB 10,340,000, a significant increase of approximately 439% from RMB 1,919,000 in 2018[7] - Earnings per share for the period were RMB 2.9 cents, compared to RMB 0.5 cents in the same period last year[7] - The total comprehensive income for the six months ended June 30, 2019, was RMB 29,402 thousand, up from RMB 15,878 thousand in the same period of 2018, reflecting a year-on-year increase of 85.5%[12] - The company reported a profit before tax of RMB 46,080,000, with a tax expense of RMB 16,678,000, resulting in a net profit of RMB 29,402,000[26] - Net profit attributable to equity holders for the six months ended June 30, 2019, was RMB 10,340,000, a substantial increase of RMB 8,421,000 or 439% year-on-year, driven by strong performance from Tianjin Toyota Logistics[47] Assets and Liabilities - Total assets as of June 30, 2019, amounted to RMB 2,958,407,000, an increase from RMB 2,602,461,000 as of December 31, 2018[11] - Total liabilities increased to RMB 1,886,668,000 from RMB 1,536,525,000 at the end of 2018[11] - Current assets net amount was RMB 457,606,000, compared to RMB 391,930,000 in the previous year[11] - The company reported a total equity of RMB 1,071,739,000 as of June 30, 2019, compared to RMB 1,065,936,000 at the end of 2018[11] - The debt ratio of the group was approximately 63.8% as of June 30, 2019, compared to 59% on December 31, 2018[59] Cash Flow - For the six months ended June 30, 2019, the company reported a net cash outflow from operating activities of RMB (3,664) thousand, compared to RMB (369,163) thousand for the same period in 2018, indicating a significant improvement[14] - The net cash inflow from financing activities for the six months ended June 30, 2019, was RMB 88,495 thousand, compared to RMB 161,188 thousand in the same period of 2018, indicating a decrease of 45.1%[14] - The company’s investment activities resulted in a net cash outflow of RMB (50,809) thousand for the six months ended June 30, 2019, compared to a net cash inflow of RMB 5,817 thousand in the same period of 2018, indicating a significant shift in cash flow[14] Operational Highlights - The company continues to focus on expanding its market presence and enhancing operational efficiency to drive future growth[8] - The logistics service volume for domestic complete vehicles was 295,107 units, an increase of 17,539 units or 6.32% year-on-year, while the logistics service volume for import and export vehicles was 25,621 units, up by 8,202 units or 47%[49] - The main revenue from procurement and related logistics services was RMB 822,532,000, an increase of RMB 178,948,000 or 28% compared to the same period last year[50] - The company plans to continue expanding its logistics business while managing risks and improving internal controls to enhance decision-making efficiency[54] - The company aims to focus on strategic projects and adjust its business structure to create new profit growth points while maintaining a stable development outlook[55] Shareholder Information - Major shareholders include Tianjin TEDA Investment Holding Co., Ltd. with a 58.74% stake and Chia Tai Pharmaceutical Investment (Beijing) Co., Ltd. with a 30.19% stake[69] - Charoen Pokphand Group holds 11.07% of the company's shares, equating to 28,344,960 shares, representing approximately 8% of the total issued share capital[71] - Charoen Pharmaceutical Investment (Beijing) Co., Ltd. owns 77,303,789 shares, which is 30.19% of the company's total issued share capital[71] Corporate Governance - The company has established an audit committee to oversee financial reporting and internal control systems, consisting of three independent non-executive directors[77] - The company has complied with the GEM Listing Rules on corporate governance, with the exception of the separation of the roles of Chairman and CEO[74] - The board believes that combining the roles of Chairman and CEO can effectively make decisions in the best interest of shareholders[75] - The company has confirmed that all directors have adhered to the securities trading code as per GEM Listing Rules[78]