Financial Performance - Total turnover for the nine months ended September 30, 2022, was approximately RMB 2,193,342,000, representing a decrease of approximately 3.85% compared to RMB 2,281,183,000 in the corresponding period in 2021[12] - Gross profit for the same period was approximately RMB 107,539,000, a decrease of approximately 20.39% from RMB 135,087,000 in the previous year[12] - Gross profit margin decreased to approximately 4.9%, down by approximately 1.02 percentage points from 5.92% in the corresponding period last year[12] - Profit attributable to owners of the Company was approximately RMB 15,128,000, representing a decrease of approximately 36.85% compared to RMB 23,954,000 in the same period last year[12] - Earnings per share for the nine months was RMB 4.3 cents, down from RMB 6.8 cents in the corresponding period in 2021[12] - Operating profit for the period was RMB 43,178,000, significantly lower than RMB 74,402,000 in the previous year[19] - Profit before income tax was RMB 63,323,000, compared to RMB 87,347,000 in the same period last year[19] - Total comprehensive income for the period was RMB 43,384,000, down from RMB 60,994,000 in the previous year[19] - Non-controlling interests contributed RMB 28,256,000 to the profit, compared to RMB 37,040,000 in the previous year[19] - Revenue for the nine months ended 30 September 2022 was RMB 2,204,254, a slight decrease from RMB 2,296,368 in the same period of 2021[34] - Profit for the period attributable to owners of the Company was RMB 15,128 for the nine months ended 30 September 2022, down from RMB 23,954 in 2021[51] - Total cost of sales and administrative expenses for the nine months ended 30 September 2022 was RMB 2,125,549, compared to RMB 2,191,319 in 2021[40] - Depreciation and amortisation for the nine months ended 30 September 2022 was RMB 23,777, a decrease from RMB 25,362 in the same period of 2021[40] - Finance costs for the nine months ended 30 September 2022 amounted to RMB 14,557[34] - The company reported a profit before income tax of RMB 63,323 for the nine months ended 30 September 2022[34] - The share of results of investments accounted for using the equity method was RMB 34,702 for the nine months ended 30 September 2022[34] - Unallocated corporate expenses were RMB 41,090 for the nine months ended 30 September 2022[34] - The Group's profit and total comprehensive income for the period was RMB 15,128,000 for the nine months ended 30 September 2022, compared to RMB 28,256,000 in the corresponding period last year[62] - Dividends paid to non-controlling interests amounted to RMB 41,795,000 for the nine months ended 30 September 2022[62] - The transfer to statutory reserves was RMB 5,042,000 for the nine months ended 30 September 2022[62] - As of 30 September 2022, the Group's total assets were RMB 985,629,000, reflecting an increase from previous periods[62] - For the nine months ended 30 September 2022, the profit attributable to equity holders of the Group amounted to RMB 15,128,000, representing a decrease of RMB 8,826,000 or 36.85% compared to RMB 23,954,000 in the corresponding period last year[64] - The finance cost for the Group was RMB 14,557,000, representing a decrease of RMB 10,000 or 0.07% compared to RMB 14,567,000 in the corresponding period last year[64] Operational Segments - The Group's principal operations are focused on providing comprehensive logistics services in the PRC, including supply chain solutions and materials procurement[26] - The Group operates two segments: logistics and supply chain services for finished automobiles, and materials procurement and related logistics services[30] - The logistics segment includes planning, storage, and transportation management for finished automobiles and components[31] - The materials procurement segment involves the sale of raw materials primarily to trading companies, along with related transportation and management services[31] - The logistics and supply chain services for finished automobiles and components recorded an increase compared to the corresponding period last year, while materials procurement and related logistics services experienced a decrease[58] - The operating revenue for materials procurement and related logistics services amounted to RMB 1,135,831,000, representing a decrease of RMB 90,207,000 or 7.36% compared to the corresponding period last year[72] - The operating revenue from logistics and supply chain services for electronic components was RMB 768,639,000, an increase of RMB 87,425,000 or 12.83% year-on-year[75] - Cold chain logistics services generated operating revenue of RMB 193,764,000, reflecting an increase of RMB 28,851,000 or 17.49% compared to the previous year[75] - The throughput of logistics services for domestic finished automobiles was 387,720 sets, a decrease of 19,812 sets or 4.86% compared to 407,532 sets in the corresponding period last year[72] - The bonded warehouse, transportation, and supervision business of a subsidiary recorded a decrease in operating revenue and gross profit compared to the corresponding period last year[67] - Tianjin Alps Teda Logistics Co., Ltd., a joint venture of the Group, recorded a significant increase in operating revenue and operating results compared to the corresponding period last year[68] - Tedahang Cold Chain Logistics Co., Ltd., an associate of the Group, recorded a substantial increase in operating results compared to the corresponding period last year due to high load operations at its warehouses[69] Governance and Compliance - The Group's H Shares were listed on the GEM on April 30, 2008, following a reorganization[24] - The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRSs) and comply with applicable disclosure requirements[27] - The application of amendments to IFRSs in the current period has had no material impact on the Group's financial positions and performance[29] - 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 the CEO[96] - The Board will continue to review the effectiveness of the corporate governance structure and may separate the roles of Chairman and President when appropriate[96] - The audit committee currently comprises independent non-executive Directors, including Mr. Cheng Xinsheng (Chairman), who has relevant professional qualifications and financial experience[101] - The Company has adopted a code of dealing in securities by the Directors, and all Directors confirmed compliance with this code[102] - The Board approved the appointment of Mr. He Yongjun as a member of the audit committee following Ms. Peng Bo's resignation[100] - The Company will endeavor to appoint suitable female director(s) as soon as practicable according to the GEM Listing Rules[97] - Following the resignation of Ms. Peng Bo on September 15, 2022, there are no female directors in the Company, failing to meet the requirement of Rule 17.104 of the GEM Listing Rules[97] - Mr. Yang Weihong has been serving as both Chairman and President since May 11, 2018, and has extensive experience in enterprise management[96] - The board of directors includes executive and non-executive members, ensuring diverse oversight[106] - The company is led by Chairman Yang Weihong, indicating strong leadership presence[106] - The board composition includes independent non-executive directors, enhancing governance[106] - The report date is November 10, 2022, providing a specific timeline for the financial disclosures[106] - The company maintains a focus on compliance and regulatory adherence through its board structure[106] Strategic Focus and Challenges - The Group plans to focus on operational performance and mitigate the impact of declining automobile logistics results while continuing to develop logistics and supply chain services for electronic components[77] - Budget control and cost reduction measures will be prioritized to enhance efficiency and explore new business opportunities[77] - The Group aims to adjust its revenue structure to improve its ability to create value for customers[77] - The uncertain global political and economic situation, including the ongoing Russia-Ukraine conflict and pandemic outbreaks, continues to exert pressure on recovery efforts[75] - The Group is confident in overcoming current challenges and achieving high-quality development in the future[77] Shareholding Structure - Chia Tai Pharmaceutical Investment (Beijing) Co., Ltd. holds 77,303,789 domestic shares, representing 30.19% of the total issued share capital[88] - Chia Tai Land Company Limited owns 28,344,960 domestic shares, accounting for approximately 11.07% of the total issued share capital[89] - Tianjin TEDA Investment Holding Co., Ltd. is the beneficial owner of 150,420,051 domestic shares, which is 58.74% of the total issued share capital[86] - Tianjin Port Development Holdings Limited has 20,000,000 H shares, representing 20.36% of the total issued share capital[86] - Hongkong Topway Trading Co., Limited holds 10,000,000 H shares, which is 10.18% of the total issued share capital[86] - The deemed interests of Chia Tai Company and its associates as of September 30, 2022, include 77,303,789 shares, representing 30.19%[92] - The approximate percentage of shareholding in the same class of shares for Chia Tai Pharmaceutical is 21.82%[92] - The shareholding of Chia Tai Land Company Limited in the same class of shares is approximately 8%[92] - The total number of shares held by Tianjin TEDA Investment Holding Co., Ltd. is 150,420,051, which is a significant majority[86] - As of September 30, 2022, no other persons had interests or short positions that required disclosure under the SFO provisions[94] - No significant changes in shareholding or capital structure were reported during the period[105]

Financial Performance - Total turnover for the nine months ended September 30, 2022, was approximately RMB 2,193,342,000, representing a decrease of approximately 3.85% compared to RMB 2,281,183,000 in the corresponding period of 2021[9] - Gross profit for the same period was approximately RMB 107,539,000, a decrease of approximately 20.39% from RMB 135,087,000 in the previous year[9] - Gross profit margin decreased to approximately 4.9%, down by approximately 1.02 percentage points from 5.92% in the corresponding period last year[9] - Profit attributable to owners of the Company was approximately RMB 15,128,000, reflecting a decrease of approximately 36.85% compared to RMB 23,954,000 in the same period of 2021[9] - Earnings per share for the nine months was RMB 4.3 cents, down from RMB 6.8 cents in the corresponding period of 2021[9] - Operating profit for the period was RMB 43,178,000, significantly lower than RMB 74,402,000 in the previous year[16] - Profit before income tax was RMB 63,323,000, compared to RMB 87,347,000 in the same period last year[16] - Total comprehensive income for the period was RMB 43,384,000, down from RMB 60,994,000 in the previous year[16] - Revenue for the nine months ended 30 September 2022 was RMB 2,204,254, a slight decrease from RMB 2,296,368 in the same period of 2021, representing a decline of approximately 4%[31] - Profit for the period attributable to owners of the Company was RMB 15,128 for the nine months ended 30 September 2022, down from RMB 23,954 in the same period of 2021, indicating a decrease of about 37%[48] Expenses and Costs - Administrative expenses for the period were RMB 39,746,000, compared to RMB 45,223,000 in the previous year[16] - Total cost of sales and administrative expenses for the nine months ended 30 September 2022 was RMB 2,125,549, compared to RMB 2,191,319 in 2021, reflecting a reduction of approximately 3%[37] - Depreciation and amortisation expenses for the nine months ended 30 September 2022 were RMB 23,777, a decrease from RMB 25,362 in the same period of 2021[37] - Finance costs for the nine months ended 30 September 2022 amounted to RMB 14,557, compared to RMB 14,567 in the same period of 2021, indicating a slight decrease[31] - The income tax expense for the nine months ended 30 September 2022 was RMB 19,939, compared to RMB 26,353 in the same period of 2021, showing a decrease of approximately 24%[42] Segment Performance - Segment results showed a loss of RMB 62,198 for the logistics and supply chain services segment for the nine months ended 30 September 2022, compared to a profit of RMB 52,112 in the same period of 2021[34] - The logistics and supply chain services for finished automobiles and components recorded an increase compared to the corresponding period last year, while materials procurement and related logistics services experienced a decrease[55] - The operating revenue for materials procurement and related logistics services was RMB 1,135,831,000, a decrease of RMB 90,207,000 or 7.36% compared to the same period last year[69] - The operating revenue from logistics and supply chain services for electronic components was RMB 768,639,000, an increase of RMB 87,425,000 or 12.83% compared to the same period last year[72] - Cold chain logistics services generated operating revenue of RMB 193,764,000, reflecting an increase of RMB 28,851,000 or 17.49% compared to the same period last year[72] Shareholder Information - Chia Tai Pharmaceutical Investment (Beijing) Co., Ltd. holds 77,303,789 domestic shares, representing 30.19% of the company's total issued share capital[89] - Chia Tai Land Company Limited owns 28,344,960 domestic shares, accounting for approximately 11.07% of the total issued share capital[89] - Tianjin TEDA Investment Holding Co., Ltd. is the beneficial owner of 150,420,051 domestic shares, which is 58.74% of the company's total issued share capital[89] - Tianjin Port Development Holdings Limited holds 20,000,000 H shares, representing 20.36% of the total issued share capital[89] - Hongkong Topway Trading Co., Limited owns 10,000,000 H shares, accounting for 10.18% of the total issued share capital[89] Corporate Governance - Following the resignation of Ms. Peng Bo on September 15, 2022, there are no female directors in the Company, failing to meet the requirement of Rule 17.104 of the GEM Listing Rules[94] - The audit committee currently comprises independent non-executive Directors, including Mr. Cheng Xinsheng (Chairman), who has relevant professional qualifications and financial experience[98] - 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 the CEO[93] - The Board will continue to review the effectiveness of the corporate governance structure and may separate the roles of Chairman and President when appropriate[93] - The Company will endeavor to appoint suitable female director(s) as soon as practicable according to the GEM Listing Rules[94] Future Outlook - The Group plans to focus on budget control, strengthen cost reduction, and efficiency improvement measures while actively exploring new businesses and adjusting the revenue structure[74] - The uncertain global political and economic situation, including the ongoing Russia-Ukraine conflict and pandemic outbreaks, has put pressure on domestic and global post-pandemic recovery[72] - The Group aims to minimize the adverse effects of the decline in automobile logistics business by continuing to develop logistics and supply chain services for electronic components[74] - The Group is confident in overcoming current difficulties and achieving high-quality development despite substantial downward pressure on the domestic economy[75]

Financial Performance - Total turnover for the six months ended June 30, 2022, was RMB 1,331,586,000, a decrease of approximately 11.01% compared to RMB 1,496,407,000 in the corresponding period of 2021[8]. - Gross profit decreased to approximately RMB 57,805,000, representing a decline of approximately 42.71% from RMB 100,904,000 in the same period last year[8]. - Gross profit margin was approximately 4.34%, down by approximately 2.4 percentage points from 6.74% in the corresponding period last year[8]. - Profit attributable to owners of the Company increased to approximately RMB 22,019,000, an increase of approximately 15.39% compared to RMB 19,083,000 in the same period of 2021[8]. - Earnings per share rose to RMB 6.2 cents, compared to RMB 5.4 cents in the corresponding period last year[8]. - Operating profit for the period was RMB 40,193,000, down from RMB 64,318,000 in the same period of 2021[12]. - Profit before income tax was RMB 48,280,000, compared to RMB 69,755,000 in the corresponding period last year[12]. - Total comprehensive income for the period was RMB 37,343,000, down from RMB 48,611,000 in the same period of 2021[12]. - Non-controlling interests' profit decreased to RMB 15,324,000 from RMB 29,528,000 in the corresponding period last year[12]. Assets and Liabilities - Total assets decreased from RMB 2,076,183,000 as of December 31, 2021, to RMB 2,040,517,000 as of June 30, 2022, representing a decline of approximately 1.72%[20]. - Total liabilities decreased from RMB 1,092,143,000 as of December 31, 2021, to RMB 1,060,929,000 as of June 30, 2022, reflecting a decline of approximately 2.8%[22]. - Total equity attributable to owners of the parent company increased from RMB 846,844,000 as of December 31, 2021, to RMB 868,863,000 as of June 30, 2022, reflecting a rise of approximately 2.4%[25]. - Non-controlling interests decreased from RMB 137,196,000 as of December 31, 2021, to RMB 110,725,000 as of June 30, 2022, indicating a decline of about 19.3%[22]. Cash Flow - Cash and cash equivalents increased from RMB 357,757,000 as of December 31, 2021, to RMB 366,657,000 as of June 30, 2022, showing a growth of about 2.5%[28]. - Net cash used in operating activities for the six months ended June 30, 2022, was RMB (28,076,000), an improvement compared to RMB (70,252,000) for the same period in 2021[28]. Revenue Breakdown - Revenue for the six months ended 30 June 2022 was RMB 1,337,578,000, a slight decrease from RMB 1,505,878,000 in the same period of 2021, representing a decline of approximately 11.1%[41]. - The Group's materials procurement and related logistics services experienced a decline in turnover and gross profit compared to the same period last year due to pandemic-related impacts[112]. - The turnover for imported automobiles logistics services was RMB614,634,000, representing a decrease of RMB103,720,000 or 14.44% compared to the previous year[117]. - The turnover for materials procurement and related logistics services amounted to RMB692,542,000, a decrease of RMB66,738,000 or 8.79% compared to the previous year[117]. - The turnover for logistics services for electronic components was RMB481,158,000, an increase of RMB26,520,000 or 5.83% compared to the previous year[117]. Management and Governance - The Group's financial statements have been prepared in accordance with International Accounting Standard 34 (IAS 34) for interim financial reporting[34]. - The company has complied with the Corporate Governance Code throughout the reporting period, with a noted deviation regarding the separation of roles between the Chairman and CEO[152]. - The company has established an audit committee in compliance with GEM Listing Rules, comprising independent non-executive directors with appropriate financial experience[156]. - All directors confirmed compliance with the code of dealing in securities, ensuring adherence to required standards[157]. Future Outlook - The Group plans to focus on maintaining automotive logistics and expanding the electronic components supply chain and logistics business in the second half of 2022[124]. - The Group aims to actively explore new businesses and innovate cooperation models to enhance customer value creation capabilities[124]. - The Group's overall performance showed an increase in the first half of 2022, despite a significant decrease in the automobile logistics business due to temporary production suspensions[123].

Financial Performance - Total turnover for the three months ended March 31, 2022, amounted to RMB 679,704,000, representing an increase of approximately 7.18% compared to RMB 634,141,000 in the corresponding period of 2021[9] - Gross profit for the same period was RMB 35,028,000, a decrease of approximately 20.56% from RMB 44,091,000 in the prior year[9] - Gross profit margin decreased to approximately 5.15%, down by about 1.8 percentage points from 6.95% in the corresponding period last year[9] - Profit attributable to owners of the Company was approximately RMB 15,373,000, an increase of approximately 22.18% compared to RMB 12,582,000 in the same period last year[9] - Earnings per share for the first quarter was RMB 4.3 cents, up from RMB 3.6 cents in the corresponding period of 2021[9] - Profit before income tax was RMB 31,847,000, slightly down from RMB 33,782,000 in the prior year[14] - Total comprehensive income for the period attributable to owners of the Company was RMB 15,373,000, compared to RMB 12,582,000 in the same period last year[14] - The Group reported a finance cost of RMB 4,085,000, compared to RMB 6,872,000 in the previous year[14] - Revenue for the period reached RMB 683,804,000, with external customer revenue contributing RMB 679,704,000[33] - Profit for the period was RMB 25,082,000, reflecting a decrease compared to the previous year's profit of RMB 12,582,000[51] Segment Performance - The Group's two reportable segments are logistics and supply chain services for finished automobiles and materials procurement and related logistics services[29] - The logistics segment includes planning, storage, and transportation management for finished automobiles and components[29] - The materials procurement segment involves sales of raw materials primarily to trading companies, along with related transportation and management services[29] - Segment results showed a total revenue of RMB 625,724,000 from logistics and supply chain services[38] - The turnover of logistics and supply chain services for finished automobiles and components decreased by 4.19%, while materials procurement and related logistics services increased by 20.58%[62] - The throughput of logistics services for domestic finished automobiles was 128,604 sets, a decrease of 11.26% compared to 144,923 sets in the same period last year[66] - The turnover for materials procurement and related logistics services was RMB 350,621,000, representing an increase of RMB 59,846,000 or 20.58% compared to the same period last year[66] Corporate Governance - The Company has complied with the Corporate Governance Code during the Reporting Period, with some deviations noted regarding the separation of roles between the Chairman and the Chief Executive[88] - The audit committee has reviewed the Company's unaudited results for the Reporting Period and provided recommendations[90] - The Company has established a code of dealing in securities for its Directors, ensuring compliance with GEM Listing Rules[99] - The roles of Chairman and President have been combined to effectively formulate and implement strategies for the Group[88] - The audit committee comprises independent non-executive Directors with appropriate professional qualifications and financial experience[90] - The Company has maintained a strong commitment to corporate governance and compliance with relevant regulations[88] - The Board will continue to review the corporate governance structure and may separate the roles of Chairman and President in the future[88] Strategic Focus and Challenges - The Group aims to enhance internal coordination and improve the utilization efficiency of facilities to develop new businesses and provide better customer service experiences[68] - The economic environment is facing challenges due to international political and economic turmoil and localized epidemic situations in China, impacting various business segments[66] - The Group will continue to focus on high-quality development despite the complex and severe situation in 2022[68] - The company aims to maintain stable operations in automotive logistics and electronic components logistics while enhancing internal collaboration and resource efficiency[71] - The company is committed to high-quality development despite facing various challenges in 2022[71] - The company plans to explore emerging businesses and enhance customer service experience as part of its business transformation strategy[71] - The company emphasizes the importance of safety production and pandemic prevention measures in its operational strategy[71] - The company is focused on upgrading its business model and expanding its market presence[71] Shareholding Structure - As of March 31, 2022, Tianjin Teda Investment Holding Co., Ltd. holds approximately 150,420,051 domestic shares, representing 58.74% of the class and 42.45% of the total issued share capital[76] - Chia Tai Pharmaceutical Investment (Beijing) Co., Ltd. owns 77,303,789 domestic shares, accounting for 30.19% of the class and 21.82% of the total issued share capital[81] - Chia Tai Land Company Limited holds 28,344,960 domestic shares, which is approximately 11.07% of the class and 8% of the total issued share capital[79] - The report indicates that substantial shareholders include Hong Kong Topway Trading Co., Limited, which holds 10,000,000 H shares, representing 10.18% of the class and 2.82% of the total issued share capital[76] - As of March 31, 2022, no other individuals or entities, apart from the directors and executives, held interests or short positions that required disclosure under the SFO[83] Other Financial Information - Administrative expenses for the period were RMB 11,620,000, compared to RMB 11,796,000 in the previous year[14] - Depreciation and amortization expenses totaled RMB 3,944,000 for the period[42] - The company reported a profit before income tax of RMB 31,847,000, with an income tax expense of RMB 6,765,000[39] - Unallocated other income was RMB 3,996,000, while unallocated corporate expenses amounted to RMB 1,066,000[39] - The weighted average number of shares for calculating basic and diluted earnings per share was 354,312,000[52] - The enterprise income tax rate applicable to the group is 25%[48] - The application of amendments to IFRS in the current period has had no material impact on the Group's financial positions and performance[25] - The Group's financial information complies with the applicable disclosure requirements set out in Chapter 18 of the GEM Listing Rules[20] - The Group was established as an investment holding joint stock limited company in the PRC on 26 June 2006[1] - The Group's H shares were listed on the GEM on 30 April 2008[1] - The registration procedures for share transfers were completed on 7 June 2013, involving 28,344,960 shares (8% of ordinary shares) and 77,303,789 shares (21.82% of ordinary shares)[1] - No listed securities of the Company were purchased, redeemed, or sold during the Reporting Period[95] - The executive Director is Mr. Yang Weihong, with a team of non-executive and independent non-executive Directors[93] - The Company has not engaged in any business that competes with the Group's operations[86]

Financial Performance - The company reported a financial summary indicating a significant increase in revenue, with a year-on-year growth of 25%[7]. - The Group's turnover for the year ended 31 December 2021 was approximately RMB3,069,814,000, representing an increase of approximately 6.56% compared to RMB2,880,818,000 in 2020[27]. - Total comprehensive income attributable to shareholders amounted to approximately RMB13,300,000, a significant recovery from a loss of RMB132,577,000 in 2020[27]. - Basic earnings per share were approximately RMB0.10, compared to a loss of RMB0.37 in the previous year[27]. - For the year ended December 31, 2021, total profit amounted to RMB 58,926,000, an increase of RMB 144,232,000 or 169.08% compared to the previous year[104]. - Total comprehensive income attributable to equity holders was RMB 13,300,000, up RMB 145,877,000 or 110.03% from RMB -132,577,000 in the corresponding period last year[108]. Operational Efficiency and Growth - User data showed an increase in active users by 15%, reaching a total of 1.2 million users[7]. - New product development includes the launch of a logistics management platform, expected to enhance operational efficiency by 30%[7]. - The Group's electronic components logistics and cold chain logistics business segments saw significant growth compared to the previous year[33]. - The electronic components logistics and cold chain logistics sectors experienced substantial growth, while the automotive logistics sector maintained stable performance despite challenges from the global pandemic and chip supply interruptions[37]. - The Group achieved a substantial increase in business volume through resource synergy and improved asset utilization, particularly in the Bonded Warehouse operations[38]. Future Outlook and Strategic Initiatives - The company provided a future outlook, projecting a revenue growth of 20% for the next fiscal year[7]. - The company is expanding its market presence, targeting a 10% increase in market share within the next year[7]. - The Group plans to strengthen business innovation and accelerate transformation and upgrading in 2022, focusing on leveraging technological advantages in logistics[49]. - The Group aims to create value for shareholders by integrating and upgrading existing resources in logistics operations[49]. - The Group intends to develop multimodal transport and railway container business while upgrading old assets to enhance service quality[56]. Sustainability and ESG Initiatives - A new strategy focusing on sustainability initiatives is expected to reduce operational costs by 5%[7]. - The Group's ESG report for FY2021 highlights its adherence to environmental, social, and governance principles, reflecting its sustainable development strategies[146]. - The Group implemented effective policies to integrate ESG concepts into daily operations, responding to national carbon neutrality targets[145]. - The Group's commitment to long-term value creation is reflected in its strategic planning and policy execution, focusing on eco-friendly measures and technology evolution[145]. - The Group aims to control energy consumption per unit of revenue and reduce reliance on resource consumption as part of its sustainability efforts[176]. Financial Health and Asset Management - As of 31 December 2021, total assets were approximately RMB2,076,183,000, a decrease of RMB158,013,000 from RMB2,234,196,000 in 2020[28]. - Current assets decreased to approximately RMB1,009,988,000, down RMB363,255,000 from RMB1,373,243,000 in 2020[28]. - Net assets attributable to the parent company increased to approximately RMB846,844,000, representing a growth of 1.6% compared to RMB833,544,000 in 2020[28]. - The Group's trade receivables and other receivables impairment losses significantly decreased compared to the previous year, indicating improved financial health[34]. - The gearing ratio as of December 31, 2021, was 33%, a decrease from 51% as of December 31, 2020[114]. Stakeholder Engagement and Communication - The company communicates with stakeholders through regular reports, meetings, and corporate website updates[191][193][196]. - Stakeholders' expectations include compliance with laws and regulations, return on investments, and business ethics[191]. - Employees expect compensation and benefits, health and safety in the workplace, and training and development opportunities[193]. - Customers are concerned with production and service quality assurance and the protection of their privacy and rights[193]. - Suppliers expect fair and open procurement, mutual beneficial cooperation, and long-term business relationships[196].

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 ...